EARNINGS ESTIMATES

Analyst Ratings

Mean Recommendation:

1.68

Sell

Strong Buy

Reference Information - Earnings Per Share

Last Actual (FY0): 1.71
FY0 End Date: Dec 20
Ind. Annual Div: 1.80
Hist (5 Yr) Growth %: 6.37
Yield (%): 7.74

Analyst Forecasts - Earnings Per Share

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual Dec 23 2.30 2.49 2.15 2.28 12 6 2 2.85
Annual Dec 22 2.12 2.37 1.85 2.13 22 13 3 2.97
Annual Dec 21 2.15 2.33 1.97 2.16 19 16 2 6.13
Quarterly Mar 22 0.52 0.57 0.45 0.52 11 3 1 2.01
Quarterly Jun 21 0.50 0.54 0.42 0.51 15 5 5 0.48
Quarterly Sep 21 0.52 0.56 0.46 0.53 15 5 4 1.02
Quarterly Dec 21 0.54 0.60 0.48 0.54 15 7 3 1.84
Long Term Growth 8.40 8.40 8.40 8.40 1 -- -- 0.00

Actuals - Earnings Per Share

Reported EPS Mean Estimate Surprise % Change
Annual Dec 20 1.71 2.08 -17.67
Annual Dec 19 2.09 2.13 -2.04
Annual Dec 18 1.91 1.85 3.38
Quarterly Mar 21 0.61 0.48 26.47
Quarterly Dec 20 0.15 0.50 -70.10
Quarterly Sep 20 0.48 0.48 -0.25
Quarterly Jun 20 0.47 0.49 -3.13

Reference Information - Book Value Per Share

Last Actual (FY0): 11.16
FY0 End Date: Dec 20
Ind. Annual Div: --
Hist (5 Yr) Growth %: --
Yield (%): --

Analyst Forecasts - Book Value Per Share

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual Dec 23 12.17 12.27 12.11 12.13 3 2 1 1.89
Annual Dec 22 11.79 11.85 11.76 11.77 3 2 1 1.39
Annual Dec 21 11.45 11.48 11.42 11.46 3 2 1 0.72
Quarterly Mar 22 11.53 11.53 11.53 11.53 1 1 -- 2.76
Quarterly Jun 21 11.26 11.26 11.26 11.26 1 1 -- 1.53
Quarterly Sep 21 11.35 11.35 11.35 11.35 1 1 -- 1.98
Quarterly Dec 21 11.47 11.47 11.47 11.47 1 1 -- 2.41

Actuals - Book Value Per Share

Reported EPS Mean Estimate Surprise % Change
Annual Dec 20 11.16 11.48 -2.76
Annual Dec 19 11.31 11.24 0.62
Annual Dec 18 10.92 10.57 3.24
Quarterly Mar 21 11.46 11.08 3.43
Quarterly Dec 20 11.16 11.44 -2.45
Quarterly Sep 20 11.49 11.35 1.25
Quarterly Jun 20 11.38 11.42 -0.35

Reference Information - Cash Flow Per Share

Last Actual (FY0): 2.68
FY0 End Date: Dec 20
Ind. Annual Div: --
Hist (5 Yr) Growth %: --
Yield (%): --

Analyst Forecasts - Cash Flow Per Share

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual Dec 23 3.16 3.39 2.97 3.16 8 6 1 1.10
Annual Dec 22 3.01 3.20 2.85 2.98 14 8 -- 1.03
Annual Dec 21 2.96 3.21 2.77 2.92 14 9 -- 3.25
Quarterly Mar 22 0.74 0.78 0.70 0.74 8 4 2 1.33
Quarterly Jun 21 0.71 0.80 0.64 0.71 11 5 3 0.35
Quarterly Sep 21 0.74 0.83 0.70 0.73 10 4 2 0.80
Quarterly Dec 21 0.77 0.88 0.72 0.75 10 6 1 2.30

Actuals - Cash Flow Per Share

Reported EPS Mean Estimate Surprise % Change
Annual Dec 20 2.68 2.87 -6.77
Annual Dec 19 2.96 2.98 -0.67
Annual Dec 18 2.80 2.68 4.40
Quarterly Mar 21 0.92 0.68 36.26
Quarterly Dec 20 0.73 0.73 -0.05
Quarterly Sep 20 0.50 0.68 -26.70
Quarterly Jun 20 0.54 0.68 -20.30

Reference Information - Dividend Per Share

Last Actual (FY0): 1.78
FY0 End Date: Dec 20
Ind. Annual Div: --
Hist (5 Yr) Growth %: --
Yield (%): --

Analyst Forecasts - Dividend Per Share

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual Dec 23 1.87 2.00 1.78 1.85 13 1 -- 0.16
Annual Dec 22 1.84 1.91 1.78 1.83 21 2 2 0.08
Annual Dec 21 1.81 1.83 1.78 1.81 23 1 2 -0.02
Quarterly Mar 22 0.46 0.50 0.45 0.46 7 -- -- -0.48
Quarterly Jun 21 0.45 0.46 0.45 0.45 12 -- -- --
Quarterly Sep 21 0.45 0.47 0.45 0.45 12 -- -- --
Quarterly Dec 21 0.45 0.47 0.45 0.45 12 -- 2 -0.27

Actuals - Dividend Per Share

Reported EPS Mean Estimate Surprise % Change
Annual Dec 20 1.78 1.78 -0.09
Annual Dec 19 1.76 1.77 -0.35
Annual Dec 18 1.72 1.73 -0.72
Quarterly Mar 21 0.45 0.45 0.09
Quarterly Dec 20 0.45 0.45 -0.80
Quarterly Sep 20 0.45 0.45 -0.78
Quarterly Jun 20 0.45 0.45 -1.11

Reference Information - EBIT

Last Actual (FY0): 5,035.10
FY0 End Date: Dec 20
Ind. Annual Div: --
Hist (5 Yr) Growth %: --
Yield (%): --

Analyst Forecasts - EBIT

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual Dec 23 6,131.24 6,465.54 5,246.00 6,237.00 9 5 2 0.84
Annual Dec 22 5,829.35 6,315.00 3,400.00 6,096.92 15 8 2 1.20
Annual Dec 21 6,420.69 9,600.00 5,636.00 6,198.33 12 9 1 4.23
Quarterly Mar 22 1,500.19 1,562.51 1,419.00 1,509.62 4 1 1 -0.32
Quarterly Jun 21 1,445.40 1,482.33 1,311.44 1,475.00 7 3 1 0.02
Quarterly Sep 21 1,499.54 1,549.94 1,404.81 1,502.00 7 3 1 0.01
Quarterly Dec 21 1,568.21 1,618.00 1,503.00 1,576.66 7 2 2 0.40

Actuals - EBIT

Reported EPS Mean Estimate Surprise % Change
Annual Dec 20 5,035.10 5,804.80 -13.26
Annual Dec 19 6,078.70 6,160.96 -1.34
Annual Dec 18 5,408.60 5,213.08 3.75
Quarterly Mar 21 1,694.50 1,413.98 19.84
Quarterly Dec 20 708.20 1,444.72 -50.98
Quarterly Sep 20 1,382.50 1,431.77 -3.44
Quarterly Jun 20 1,436.90 1,387.60 3.55

Reference Information - EBITDA

Last Actual (FY0): 8,055.70
FY0 End Date: Dec 20
Ind. Annual Div: --
Hist (5 Yr) Growth %: --
Yield (%): --

Analyst Forecasts - EBITDA

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual Dec 23 8,476.17 8,962.46 8,016.00 8,409.00 15 9 2 0.98
Annual Dec 22 8,253.97 8,876.36 7,891.00 8,250.53 24 15 4 0.97
Annual Dec 21 8,281.06 8,706.86 7,960.00 8,283.90 21 17 3 2.59
Quarterly Mar 22 2,019.31 2,095.53 1,939.00 2,013.34 11 3 3 0.29
Quarterly Jun 21 1,987.21 2,084.84 1,896.04 1,977.00 14 5 5 0.06
Quarterly Sep 21 2,039.25 2,145.14 1,995.00 2,027.35 14 4 6 -0.33
Quarterly Dec 21 2,094.97 2,297.00 2,002.00 2,072.50 14 5 5 0.51

Actuals - EBITDA

Reported EPS Mean Estimate Surprise % Change
Annual Dec 20 8,055.70 7,998.15 0.72
Annual Dec 19 8,117.30 8,095.04 0.27
Annual Dec 18 7,222.90 7,222.57 0.00
Quarterly Mar 21 2,245.60 1,977.14 13.58
Quarterly Dec 20 2,055.60 1,993.99 3.09
Quarterly Sep 20 2,060.20 1,946.97 5.82
Quarterly Jun 20 1,961.20 1,885.27 4.03

Reference Information - GAAP Earnings Per Share

Last Actual (FY0): 1.71
FY0 End Date: Dec 20
Ind. Annual Div: --
Hist (5 Yr) Growth %: --
Yield (%): --

Analyst Forecasts - GAAP Earnings Per Share

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual Dec 23 2.28 2.47 2.15 2.25 7 4 1 4.88
Annual Dec 22 2.11 2.37 1.85 2.13 16 8 1 2.99
Annual Dec 21 2.15 2.33 1.91 2.16 13 10 -- 7.58
Quarterly Mar 22 0.51 0.53 0.45 0.52 6 2 1 2.36
Quarterly Jun 21 0.49 0.53 0.42 0.51 9 3 2 1.23
Quarterly Sep 21 0.52 0.56 0.46 0.53 9 4 1 1.83
Quarterly Dec 21 0.55 0.60 0.51 0.54 9 4 1 2.38

Actuals - GAAP Earnings Per Share

Reported EPS Mean Estimate Surprise % Change
Annual Dec 20 1.71 2.07 -17.55
Annual Dec 19 2.09 2.14 -2.54
Annual Dec 18 1.91 1.85 3.49
Quarterly Mar 21 0.61 0.47 28.83
Quarterly Dec 20 0.15 0.50 -69.73
Quarterly Sep 20 0.48 0.48 -0.02
Quarterly Jun 20 0.47 0.48 -1.17

Reference Information - Net Debt

Last Actual (FY0): 28,805.80
FY0 End Date: Dec 20
Ind. Annual Div: --
Hist (5 Yr) Growth %: --
Yield (%): --

Analyst Forecasts - Net Debt

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual Dec 23 25,732.87 28,443.78 23,812.00 25,363.18 6 2 4 -0.67
Annual Dec 22 26,737.32 28,100.26 25,877.00 26,660.20 9 2 6 -1.54
Annual Dec 21 27,877.11 28,775.19 27,162.34 27,850.00 10 2 6 0.54
Quarterly Mar 22 26,910.09 26,910.09 26,910.09 26,910.09 1 -- 1 -2.58
Quarterly Jun 21 28,705.70 28,777.80 28,633.60 28,705.70 2 -- 2 -2.12
Quarterly Sep 21 28,171.55 28,576.50 27,766.60 28,171.55 2 -- 2 -2.37
Quarterly Dec 21 27,753.77 28,345.20 27,162.34 27,753.77 2 -- 2 -2.64

Actuals - Net Debt

Reported EPS Mean Estimate Surprise % Change
Annual Dec 20 28,805.80 28,303.70 1.77
Annual Dec 19 27,772.40 26,966.08 2.99
Annual Dec 18 25,833.40 22,896.49 12.83
Quarterly Mar 21 28,429.90 29,337.26 -3.09
Quarterly Dec 20 28,805.80 28,299.81 1.79
Quarterly Sep 20 28,829.80 28,304.02 1.86
Quarterly Jun 20 28,311.70 27,755.91 2.00

Reference Information - Net Income

Last Actual (FY0): 3,774.70
FY0 End Date: Dec 20
Ind. Annual Div: --
Hist (5 Yr) Growth %: --
Yield (%): --

Analyst Forecasts - Net Income

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual Dec 23 4,932.10 5,296.60 4,666.00 4,965.20 10 6 2 2.47
Annual Dec 22 4,740.18 6,711.00 4,114.00 4,707.92 19 9 3 2.31
Annual Dec 21 4,824.31 6,488.00 4,178.30 4,770.14 16 11 1 5.22
Quarterly Mar 22 1,114.64 1,153.83 1,067.00 1,128.00 5 1 1 1.63
Quarterly Jun 21 1,094.07 1,167.00 912.02 1,119.00 9 3 2 1.18
Quarterly Sep 21 1,145.04 1,227.00 1,002.63 1,152.00 9 3 2 1.06
Quarterly Dec 21 1,197.51 1,308.00 1,151.00 1,182.00 9 3 2 0.79

Actuals - Net Income

Reported EPS Mean Estimate Surprise % Change
Annual Dec 20 3,774.70 4,562.62 -17.27
Annual Dec 19 4,563.60 4,786.60 -4.66
Annual Dec 18 4,172.40 4,028.89 3.56
Quarterly Mar 21 1,340.40 1,057.48 26.75
Quarterly Dec 20 337.30 1,091.92 -69.11
Quarterly Sep 20 1,052.60 1,051.71 0.08
Quarterly Jun 20 1,034.70 1,022.52 1.19

Reference Information - Operating Profit

Last Actual (FY0): --
FY0 End Date:
Ind. Annual Div: --
Hist (5 Yr) Growth %: --
Yield (%): --

Analyst Forecasts - Operating Profit

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual Dec 23 -- -- -- -- -- -- -- --
Annual Dec 22 -- -- -- -- -- -- -- --
Annual Dec 21 -- -- -- -- -- -- -- --
Quarterly Mar 22 -- -- -- -- -- -- -- --
Quarterly Dec 21 -- -- -- -- -- -- -- --
Quarterly Sep 21 -- -- -- -- -- -- -- --
Quarterly Jun 21 -- -- -- -- -- -- -- --

Actuals - Operating Profit

Reported EPS Mean Estimate Surprise % Change
Dec 00 -- -- --
Dec 00 -- -- --
Dec 00 -- -- --
Dec 00 -- -- --
Dec 00 -- -- --
Dec 00 -- -- --
Dec 00 -- -- --

Reference Information - Return On Equity

Last Actual (FY0): 15.37
FY0 End Date: Dec 20
Ind. Annual Div: --
Hist (5 Yr) Growth %: --
Yield (%): --

Analyst Forecasts - Return On Equity

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual Dec 23 19.08 20.29 18.30 18.87 4 -- -- 0.93
Annual Dec 22 18.41 20.22 17.20 18.56 5 -- -- 1.48
Annual Dec 21 18.79 19.93 17.40 19.24 5 -- -- 1.80
Quarterly Mar 22 18.23 18.23 18.23 18.23 1 -- -- 5.93
Quarterly Jun 21 18.18 18.18 18.18 18.18 1 -- -- 7.96
Quarterly Sep 21 19.18 19.18 19.18 19.18 1 -- -- 8.06
Quarterly Dec 21 20.43 20.43 20.43 20.43 1 -- -- 8.27

Actuals - Return On Equity

Reported EPS Mean Estimate Surprise % Change
Annual Dec 20 15.37 18.38 -3.01
Annual Dec 19 19.41 19.22 0.19
Annual Dec 18 17.73 17.37 0.36
Quarterly Dec 20 5.52 17.61 -12.09
Quarterly Sep 20 16.87 17.61 -0.74
Quarterly Jun 20 16.58 16.13 0.45

Reference Information - Sales

Last Actual (FY0): 27,199.70
FY0 End Date: Dec 20
Ind. Annual Div: --
Hist (5 Yr) Growth %: --
Yield (%): --

Analyst Forecasts - Sales

Last Month Revisions
Last Month Revisions
Fiscal Period Mean High Low Median # of Estimates # Up # Down Mean % Change
Annual Dec 23 33,569.15 44,700.00 27,529.32 33,071.55 5 3 1 14.25
Annual Dec 22 31,849.45 45,188.00 27,208.72 29,341.10 9 4 1 5.25
Annual Dec 21 32,730.81 43,844.00 27,644.74 30,540.88 7 5 1 8.85
Quarterly Mar 22 7,360.29 7,463.45 7,188.03 7,429.40 3 1 -- 2.00
Quarterly Jun 21 7,036.79 7,930.00 6,376.94 6,920.11 4 2 -- 6.97
Quarterly Sep 21 7,349.98 8,015.00 6,783.24 7,300.84 4 2 -- 2.22
Quarterly Dec 21 7,618.28 8,199.00 7,185.67 7,544.22 4 2 -- -0.09

Actuals - Sales

Reported EPS Mean Estimate Surprise % Change
Annual Dec 20 27,199.70 28,430.88 -4.33
Annual Dec 19 32,789.20 34,534.96 -5.06
Annual Dec 18 36,534.20 37,155.57 -1.67
Quarterly Mar 21 9,155.30 7,072.78 29.44
Quarterly Dec 20 7,044.20 7,225.40 -2.51
Quarterly Sep 20 6,922.00 7,104.83 -2.57
Quarterly Jun 20 5,751.00 7,489.37 -23.21

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