| 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 | 30 378 | 44 710 | 45 463 | 48 134 | 53 621 | 58 677 | | Operating income (EBITDA) | 2 033 | 2 860 | 2 406 | 2 544 | 2 793 | 3 032 | | Operating profit (EBIT) | 1 717 | 2 338 | 1 616 | 1 934 | 2 144 | 2 396 | | Pre-Tax Profit (EBT) | 1 644 | 2 079 | 1 655 | 1 860 | 2 083 | 2 289 | | Net income | 1 324 | 1 601 | 1 255 | 1 389 | 1 567 | 1 717 | | EPS ( $) | 0,21 | 0,25 | 0,20 | 0,21 | 0,24 | 0,26 | | Dividend per Share ( $) | 0,06 | 0,06 | 0,04 | 0,05 | 0,05 | 0,06 | | Yield | 2,08% | 2,31% | 1,55% | 1,79% | 2,03% | 2,17% | | Announcement Date | 02/23/2011 01:09am | 02/21/2012 11:43pm | 02/22/2013 12:18am | - | - | - |
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Actuals in M $ |
Estimates in M $ |
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Fiscal Period December |
2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| Debt | 1 051 | 12 991 | 13 683 | 13 717 | 14 130 | 14 010 | | Finance | - | - | - | - | - | - | | Operating income (EBITDA) | 2 033 | 2 860 | 2 406 | 2 544 | 2 793 | 3 032 | Leverage (Debt/EBITDA) | 0,52x | 4,54x | 5,69x | 5,39x | 5,06x | 4,62x | | Capital Expenditure | 997 | 1 482 | 1 690 | 1 351 | 1 261 | 1 313 | | Book Value Per Share (BVPS) | 1,34 $ | 2,09 $ | 2,24 $ | 2,41 $ | 2,60 $ | 2,79 $ | | Cash Flow per Share | -0,36 $ | 0,30 $ | 0,17 $ | 0,27 $ | 0,27 $ | 0,29 $ | | Announcement Date | 02/23/2011 01:09am | 02/21/2012 11:43pm | 02/22/2013 12:18am | - | - | - |
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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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12,4x |
11,1x |
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Capitalization / Revenue
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0,35x |
0,31x |
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EV / Revenue
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0,64x |
0,58x |
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EV / EBITDA
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12,0x |
11,1x |
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Yield (DPS / Price)
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1,79% |
2,03% |
| Profitability |
2013e |
2014e |
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Operating Margin (EBIT / Sales)
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4,02% |
4,00% |
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operating laverage (Delta EBIT / Delta Sales)
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3,35x |
0,95x |
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Net Margin (Net Profit / Revenue)
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2,89% |
2,92% |
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ROA (Net Profit / Asset)
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3,47% |
3,76% |
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ROE (Net Profit / Equities)
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9,14% |
9,42% |
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Rate of Dividend
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22,3% |
22,6% |
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