| Income Statement Evolution | |
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|
|
| Annual Income Statement Data |
|
|
Actuals in M $ |
Estimates in M $ |
|
Fiscal Period December
|
2016 |
2017 |
2018 |
2019 (e) |
2020 (e) |
2021 (e) |
| Sales |
13 370 |
14 961 |
15 784 |
14 247 |
14 129 |
15 204 |
| EBITDA |
5 723 |
6 940 |
7 621 |
6 627 |
6 509 |
7 244 |
| Operating profit (EBIT) |
4 799 |
6 083 |
6 713 |
5 655 |
5 604 |
6 331 |
| Pre-Tax Profit (EBT) |
4 930 |
6 080 |
6 686 |
5 618 |
5 523 |
6 262 |
| Net income |
3 595 |
3 682 |
5 580 |
4 905 |
4 751 |
5 341 |
| P/E ratio |
21,0x |
28,9x |
16,9x |
23,9x |
24,4x |
21,5x |
| EPS ( $ ) |
3,48 |
3,61 |
5,59 |
5,12 |
5,02 |
5,68 |
| Dividend per Share ( $ ) |
1,64 |
2,12 |
2,63 |
3,17 |
3,49 |
3,62 |
| Yield |
2,25% |
2,03% |
2,78% |
2,59% |
2,85% |
2,96% |
| Reference price ( $ ) |
72,970 |
104,440 |
94,500 |
122,370 |
122,370 |
122,370 |
| Announcement Date |
01/24/2017
09:30pm |
01/23/2018
09:01pm |
01/23/2019
09:01pm |
- |
- |
- |
|
|
|
|
Actuals in M $ |
Estimates in M $ |
|
Fiscal Period December
|
2016 |
2017 |
2018 |
2019 (e) |
2020 (e) |
2021 (e) |
| Debt |
119 |
- |
835 |
479 |
1 408 |
1 851 |
| Finance |
- |
392 |
- |
- |
- |
- |
| Operating income (EBITDA) |
5 723 |
6 940 |
7 621 |
6 627 |
6 509 |
7 244 |
Leverage
(Debt/EBITDA) |
0,02x |
- |
0,11x |
0,07x |
0,22x |
0,26x |
| Capital Expenditure |
531 |
695 |
1 131 |
910 |
1 016 |
986 |
| Free Cash Flow (FCF) |
4 083 |
4 668 |
6 058 |
5 428 |
4 828 |
5 215 |
| Book Value Per Share (BVPS) ( $ ) |
10,5 |
10,5 |
9,52 |
9,22 |
9,45 |
9,42 |
| Cash Flow per Share ( $ ) |
4,52 |
5,30 |
7,26 |
6,79 |
6,21 |
6,64 |
| Announcement Date |
01/24/2017
09:30pm |
01/23/2018
09:01pm |
01/23/2019
09:01pm |
- |
- |
- |
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Assessed data source
© 2019 S&P Global Market Intelligence
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China woes persist as pressure point for U.S. corporate profits |
| Valuation |
2019e |
2020e |
| P/E ratio (Price / EPS) |
23,9x |
24,4x |
| Capitalization / Revenue |
8,03x |
8,10x |
| EV / Revenue |
8,06x |
8,13x |
| EV / EBITDA |
17,3x |
17,6x |
| Yield (DPS / Price) |
2,59% |
2,85% |
| Price to book (Price / BVPS) |
13,3x |
13,0x |
| Profitability |
2019e |
2020e |
| Operating Margin (EBIT / Sales) |
39,7% |
39,7% |
| Operating Leverage (Delta EBIT / Delta Sales) |
-1,62x |
-1,09x |
| Net Margin (Net Profit / Revenue) |
34,4% |
33,6% |
| ROA (Net Profit / Asset) |
29,5% |
30,5% |
| ROE (Net Profit / Equities) |
56,6% |
57,3% |
| Rate of Dividend |
61,8% |
69,5% |
|
Year-on-year evolution of the PER
|
United Kingdom
Canada
France
Deutschland
Schweiz (DE)
Report 
