| 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 |
2016 | 2017 | 2018 | 2019 | 2020 | 2021 |
| Sales | 23 002 | 22 465 | 22 090 | 23 512 | 25 963 | 28 478 | | EBITDA | 9 078 | 9 891 | 9 425 | 8 025 | 9 322 | 10 657 | | Operating profit (EBIT) | 6 721 | 6 855 | 5 672 | 6 331 | 7 472 | 8 858 | | Pre-Tax Profit (EBT) | 3 406 | 2 227 | 1 993 | 3 595 | 4 873 | 6 384 | | Net income | 3 499 | 3 001 | 2 155 | 3 025 | 4 119 | 5 568 | | P/E ratio | 19,8 | 29,2 | 44,0 | 35,8 | 26,1 | 19,1 | | EPS ( $ ) | 2,77 | 2,37 | 1,70 | 2,14 | 2,93 | 4,00 | | Dividend per Share ( $ ) | 2,80 | 2,80 | 2,80 | 2,79 | 2,76 | 2,93 | | Yield | 5,11% | 4,05% | 3,74% | 3,65% | 3,61% | 3,82% | | Reference price ( $ ) | 54.8 | 69.1 | 74.9 | 76.522 | 76.522 | 76.522 | | Announcement Date | 02/02/2017
08:11am | 02/02/2018
07:00am | 02/14/2019
07:00am | - | - | - |
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Actuals in M $ |
Estimates in M $ |
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Fiscal Period December |
2016 | 2017 | 2018 | 2019 | 2020 | 2021 |
| Debt | 11 790 | 14 483 | 13 003 | 11 994 | 12 220 | 11 180 | | Finance | - | - | - | - | - | - | | Operating income (EBITDA) | 9 078 | 9 891 | 9 425 | 8 025 | 9 322 | 10 657 | Leverage
(Debt/EBITDA) | 1,30x | 1,46x | 1,38x | 1,49x | 1,31x | 1,05x | | Capital Expenditure | 1 446 | 1 326 | 1 043 | 1 341 | 1 367 | 1 357 | | Book Value Per Share (BVPS) | 11,7 $ | - | - | 11,6 $ | 11,0 $ | 12,3 $ | | Cash Flow per Share | 3,27 $ | 2,82 $ | 2,07 $ | 4,50 $ | 5,14 $ | 6,20 $ | | Announcement Date | 02/02/2017
08:11am | 02/02/2018
07:00am | 02/14/2019
07:00am | - | - | - |
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Assessed data source :
© 2019 Thomson Reuters |
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Valuation |
2019e |
2020e |
| P/E ratio (Price / EPS)
|
35,8x |
26,1x |
| Capitalization / Revenue |
4,28x |
3,88x |
| EV / Revenue |
4,79x |
4,35x |
| EV / EBITDA |
14,0x |
12,1x |
| Yield (DPS / Price)
|
3,65% |
3,61% |
| Price to book
(Price / BVPS)
|
6,58x |
6,95x |
| Profitability |
2019e |
2020e |
| Operating Margin (EBIT / Sales)
|
26,9% |
28,8% |
| operating Leverage (Delta EBIT / Delta Sales)
|
1,80x |
1,73x |
| Net Margin (Net Profit / Revenue)
|
12,9% |
15,9% |
| ROA (Net Profit / Asset)
|
5,72% |
7,65% |
| ROE (Net Profit / Equities)
|
28,4% |
36,2% |
| Rate of Dividend |
131% |
94,1% |
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