| Income Statement Evolution | |
|
|
|
| Annual Income Statement Data |
|
|
Actuals in M $ |
Estimates in M $ |
|
Fiscal Period December
|
2016 |
2017 |
2018 |
2019 (e) |
2020 (e) |
2021 (e) |
| Sales |
19 337 |
19 494 |
19 627 |
19 866 |
20 241 |
20 805 |
| EBITDA |
9 227 |
10 019 |
9 842 |
10 830 |
10 959 |
11 403 |
| Operating profit (EBIT) |
9 023 |
9 810 |
9 615 |
10 602 |
10 764 |
10 965 |
| Pre-Tax Profit (EBT) |
21 852 |
9 828 |
9 341 |
8 429 |
10 492 |
11 049 |
| Net income |
14 239 |
10 222 |
6 963 |
6 008 |
7 991 |
8 430 |
| P/E ratio |
9,29x |
13,4x |
13,4x |
17,1x |
11,6x |
10,9x |
| EPS ( $ ) |
7,28 |
5,31 |
3,68 |
2,94 |
4,31 |
4,60 |
| Dividend per Share ( $ ) |
2,44 |
2,54 |
3,20 |
3,27 |
3,42 |
3,68 |
| Yield |
3,61% |
3,56% |
6,48% |
6,52% |
6,81% |
7,34% |
| Reference price ( $ ) |
67,620 |
71,410 |
49,390 |
50,170 |
50,170 |
50,170 |
| Announcement Date |
02/01/2017
12:00pm |
02/01/2018
12:00pm |
01/31/2019
12:00pm |
- |
- |
- |
|
|
|
|
Actuals in M $ |
Estimates in M $ |
|
Fiscal Period December
|
2016 |
2017 |
2018 |
2019 (e) |
2020 (e) |
2021 (e) |
| Debt |
9 312 |
12 641 |
24 413 |
29 370 |
28 978 |
28 409 |
| Finance |
- |
- |
- |
- |
- |
- |
| Operating income (EBITDA) |
9 227 |
10 019 |
9 842 |
10 830 |
10 959 |
11 403 |
Leverage
(Debt/EBITDA) |
1,01x |
1,26x |
2,48x |
2,71x |
2,64x |
2,49x |
| Capital Expenditure |
189 |
199 |
238 |
252 |
229 |
234 |
| Free Cash Flow (FCF) |
3 602 |
4 723 |
8 153 |
6 995 |
6 208 |
8 018 |
| Book Value Per Share (BVPS) ( $ ) |
6,54 |
8,00 |
7,89 |
5,53 |
6,03 |
6,83 |
| Cash Flow per Share ( $ ) |
1,94 |
2,56 |
4,44 |
3,98 |
4,20 |
4,51 |
| Announcement Date |
02/01/2017
12:00pm |
02/01/2018
12:00pm |
01/31/2019
12:00pm |
- |
- |
- |
|
|
|
|
|
Assessed data source
© 2019 S&P Global Market Intelligence
|
|
|
Juul to cut $1 billion in costs as new CEO aims for reboot |
| Valuation |
2019e |
2020e |
| P/E ratio (Price / EPS) |
17,1x |
11,6x |
| Capitalization / Revenue |
4,72x |
4,63x |
| EV / Revenue |
6,20x |
6,08x |
| EV / EBITDA |
11,4x |
11,2x |
| Yield (DPS / Price) |
6,52% |
6,81% |
| Price to book (Price / BVPS) |
9,07x |
8,33x |
| Profitability |
2019e |
2020e |
| Operating Margin (EBIT / Sales) |
53,4% |
53,2% |
| Operating Leverage (Delta EBIT / Delta Sales) |
8,43x |
0,81x |
| Net Margin (Net Profit / Revenue) |
30,2% |
39,5% |
| ROA (Net Profit / Asset) |
18,2% |
17,6% |
| ROE (Net Profit / Equities) |
52,7% |
55,7% |
| Rate of Dividend |
111% |
79,3% |
|
Year-on-year evolution of the PER
|
United Kingdom
Canada
France
Deutschland
Schweiz (DE)
Report 
