| 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 |
23 002 |
22 465 |
22 090 |
23 691 |
26 090 |
28 595 |
| EBITDA |
7 259 |
6 713 |
7 140 |
6 871 |
8 161 |
9 852 |
| Operating profit (EBIT) |
6 721 |
6 855 |
5 672 |
6 340 |
7 371 |
8 915 |
| Pre-Tax Profit (EBT) |
3 552 |
2 227 |
1 993 |
3 079 |
4 342 |
6 066 |
| Net income |
3 499 |
3 001 |
2 155 |
2 415 |
3 476 |
4 830 |
| P/E ratio |
19,8x |
29,2x |
44,0x |
42,3x |
31,5x |
23,0x |
| EPS ( $ ) |
2,76 |
2,37 |
1,70 |
1,88 |
2,52 |
3,46 |
| Dividend per Share ( $ ) |
2,80 |
2,80 |
2,80 |
2,81 |
2,85 |
2,92 |
| Yield |
5,11% |
4,05% |
3,74% |
3,53% |
3,58% |
3,66% |
| Reference price ( $ ) |
54,785 |
69,123 |
74,881 |
79,571 |
79,571 |
79,571 |
| Announcement Date |
02/02/2017
07:00am |
02/02/2018
07:00am |
02/14/2019
07:00am |
- |
- |
- |
|
|
|
|
Actuals in M $ |
Estimates in M $ |
|
Fiscal Period December
|
2016 |
2017 |
2018 |
2019 (e) |
2020 (e) |
2021 (e) |
| Debt |
10 657 |
14 483 |
14 282 |
10 897 |
10 453 |
9 390 |
| Finance |
- |
- |
- |
- |
- |
- |
| Operating income (EBITDA) |
7 259 |
6 713 |
7 140 |
6 871 |
8 161 |
9 852 |
Leverage
(Debt/EBITDA) |
1,47x |
2,16x |
2,00x |
1,59x |
1,28x |
0,95x |
| Capital Expenditure |
1 446 |
1 326 |
1 043 |
1 212 |
1 223 |
1 319 |
| Book Value Per Share (BVPS) ( $ ) |
11,7 |
11,8 |
9,84 |
11,8 |
11,2 |
12,7 |
| Cash Flow per Share ( $ ) |
3,27 |
2,82 |
2,07 |
3,18 |
4,88 |
6,17 |
| Announcement Date |
02/02/2017
07:00am |
02/02/2018
07:00am |
02/14/2019
07:00am |
- |
- |
- |
|
|
|
|
|
Assessed data source
© 2019 S&P Global Market Intelligence
|
|
| Valuation |
2019e |
2020e |
| P/E ratio (Price / EPS) |
42,3x |
31,5x |
| Capitalization / Revenue |
4,41x |
4,00x |
| EV / Revenue |
4,87x |
4,42x |
| EV / EBITDA |
16,8x |
14,1x |
| Yield (DPS / Price) |
3,53% |
3,58% |
| Price to book (Price / BVPS) |
6,73x |
7,09x |
| Profitability |
2019e |
2020e |
| Operating Margin (EBIT / Sales) |
26,8% |
28,3% |
| Operating Leverage (Delta EBIT / Delta Sales) |
1,62x |
1,61x |
| Net Margin (Net Profit / Revenue) |
10,2% |
13,3% |
| ROA (Net Profit / Asset) |
4,34% |
6,25% |
| ROE (Net Profit / Equities) |
26,4% |
32,5% |
| Rate of Dividend |
149% |
113% |
|
Year-on-year evolution of the PER
|
United Kingdom
France
Deutschland
Schweiz (DE)
Report 
