Valuation |
2012e |
2013e |
PER
(Price / EPS) |
12,2x |
10,5x |
Capitalization /
Revenue |
0,89x |
0,84x |
EV / Revenue |
0,68x |
0,59x |
EV / EBITDA |
4,39x |
3,60x |
Yield
(DPS / Price) |
1,55% |
1,63% |
Profitability |
2012e |
2013e |
Operating Margin
(EBIT / Sales) |
11,5% |
11,7% |
operating laverage
(Delta EBIT / Delta Sales) |
- |
1,34x |
Net Margin
(Net Profit / Revenue) |
7,25% |
8,03% |
ROA
(Net Profit / Asset) |
6,83% |
7,43% |
ROE
(Net Profit / Equities) |
9,65% |
10,4% |
Rate of Dividend
|
19,0% |
17,2% |
|
|