| Income Statement Evolution | |
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| Annual Income Statement Data |
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Actuals in M $ |
Estimates in M $ |
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Fiscal Period December |
2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| Sales | 94 155 | 101 862 | 110 618 | 122 507 | 132 726 | 147 584 | | Operating income (EBITDA) | 9 128 | 9 588 | 10 563 | 10 643 | 11 406 | 11 682 | | Operating profit (EBIT) | 8 064 | 8 464 | 9 254 | 9 376 | 10 114 | 11 254 | | Pre-Tax Profit (EBT) | - | - | 8 622 | - | - | - | | Net income | 4 634 | 5 142 | 5 526 | 5 558 | 5 940 | 6 436 | | EPS ( $) | 4,10 | 4,73 | 5,28 | 5,43 | 5,83 | 6,54 | | Dividend per Share ( $) | 0,41 | 0,62 | 0,80 | 0,83 | 0,85 | 0,77 | | Yield | 0,65% | 0,99% | 1,28% | 1,32% | 1,35% | 1,23% | | Announcement Date | 01/20/2011 11:00am | 01/19/2012 11:00am | 01/17/2013 11:00am | - | - | - |
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Actuals in M $ |
Estimates in M $ |
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Fiscal Period December |
2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| Debt | 2 019 | 2 209 | 8 348 | 4 440 | 3 983 | - | | Finance | - | - | - | - | - | 2 797 | | Operating income (EBITDA) | 9 128 | 9 588 | 10 563 | 10 643 | 11 406 | 11 682 | Leverage (Debt/EBITDA) | 0,22x | 0,23x | 0,79x | 0,42x | 0,35x | - | | Capital Expenditure | 878 | 1 018 | 1 070 | 1 184 | 1 223 | 1 088 | | Book Value Per Share (BVPS) | 23,8 $ | 26,1 $ | 30,6 $ | 33,4 $ | 37,7 $ | 39,6 $ | | Cash Flow per Share | 5,55 $ | 6,41 $ | 6,84 $ | 6,84 $ | 7,51 $ | 7,54 $ | | Announcement Date | 01/20/2011 11:00am | 01/19/2012 11:00am | 01/17/2013 11:00am | - | - | - |
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Assessed data source : © 2013 Thomson Reuters |
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Valuation |
2013e |
2014e |
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PER (Price / EPS)
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11,6x |
10,8x |
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Capitalization / Revenue
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0,52x |
0,48x |
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EV / Revenue
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0,56x |
0,51x |
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EV / EBITDA
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6,44x |
5,97x |
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Yield (DPS / Price)
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1,32% |
1,35% |
| Profitability |
2013e |
2014e |
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Operating Margin (EBIT / Sales)
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7,65% |
7,62% |
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operating laverage (Delta EBIT / Delta Sales)
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0,12x |
0,94x |
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Net Margin (Net Profit / Revenue)
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4,54% |
4,48% |
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ROA (Net Profit / Asset)
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6,69% |
7,01% |
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ROE (Net Profit / Equities)
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16,5% |
16,4% |
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Rate of Dividend
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15,3% |
14,6% |
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