| 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 | 10 311 | 10 655 | 10 128 | 10 840 | 11 190 | 11 599 | | Operating income (EBITDA) | 2 481 | 2 672 | 2 749 | 2 932 | 3 126 | 3 305 | | Operating profit (EBIT) | 1 623 | 1 782 | 1 823 | 1 915 | 2 043 | 2 179 | | Pre-Tax Profit (EBT) | - | 1 310 | 1 355 | - | - | - | | Net income | 752 | 834 | 905 | 940 | 995 | 1 058 | | EPS ( $) | 1,62 | 1,72 | 1,85 | 1,90 | 1,98 | 2,08 | | Dividend per Share ( $) | 1,00 | 1,03 | 1,07 | 1,11 | 1,15 | 1,20 | | Yield | 3,29% | 3,39% | 3,52% | 3,65% | 3,79% | 3,94% | | Announcement Date | 01/27/2011 12:00pm | 02/02/2012 12:00pm | 01/31/2013 12:00pm | - | - | - |
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Actuals in M $ |
Estimates in M $ |
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Fiscal Period December |
2010 | 2011 | 2012 | 2013 | 2014 | 2015 |
| Debt | 9 677 | 10 066 | 10 922 | 11 542 | 12 364 | 12 723 | | Finance | - | - | - | - | - | - | | Operating income (EBITDA) | 2 481 | 2 672 | 2 749 | 2 932 | 3 126 | 3 305 | Leverage (Debt/EBITDA) | 3,90x | 3,77x | 3,97x | 3,94x | 3,96x | 3,85x | | Capital Expenditure | 2 217 | 2 296 | 2 570 | 3 130 | 2 740 | 2 292 | | Book Value Per Share (BVPS) | 16,8 $ | 17,4 $ | 18,2 $ | 19,3 $ | 20,1 $ | 21,1 $ | | Cash Flow per Share | 4,64 $ | 4,95 $ | 4,10 $ | 4,52 $ | 4,69 $ | 4,84 $ | | Announcement Date | 01/27/2011 12:00pm | 02/02/2012 12:00pm | 01/31/2013 12:00pm | - | - | - |
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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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16,0x |
15,4x |
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Capitalization / Revenue
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1,40x |
1,35x |
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EV / Revenue
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2,46x |
2,46x |
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EV / EBITDA
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9,09x |
8,79x |
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Yield (DPS / Price)
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3,65% |
3,79% |
| Profitability |
2013e |
2014e |
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Operating Margin (EBIT / Sales)
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17,7% |
18,3% |
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operating laverage (Delta EBIT / Delta Sales)
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0,72x |
2,08x |
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Net Margin (Net Profit / Revenue)
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8,67% |
8,90% |
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ROA (Net Profit / Asset)
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3,44% |
3,43% |
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ROE (Net Profit / Equities)
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10,1% |
9,98% |
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Rate of Dividend
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58,4% |
58,1% |
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