Dashboard
1
Flat results in Dec 24
- ROCE(HY) Lowest at 11.02%
- DIVIDEND PAYOUT RATIO(Y) Lowest at 0%
- INVENTORY TURNOVER RATIO(HY) Lowest at 10.43%
2
With ROE of 11.11%, it has a Very Expensive valuation with a 2.31 Price to Book Value
3
Consistent Underperformance against the benchmark over the last 3 years
Total Returns (Price + Dividend) 
TimePeriod
Price Return
Dividend Return
Total Return
3 Months
-5.38%
0%
-5.38%
6 Months
3.53%
0%
3.53%
1 Year
-5.71%
0%
-5.71%
2 Years
-5.38%
0%
-5.38%
3 Years
-5.71%
0%
-5.71%
4 Years
-15.92%
0%
-15.92%
5 Years
38.95%
0%
38.95%
smartphoto group NV for the last several years.
Risk Adjusted Returns v/s 
News
No Recent News for the Company
Announcements 
No announcement available
Corporate Actions 
No corporate action available
Quality key factors 
Factor
Value
Sales Growth (5y)
9.34%
EBIT Growth (5y)
6.34%
EBIT to Interest (avg)
7.59
Debt to EBITDA (avg)
0
Net Debt to Equity (avg)
-0.45
Sales to Capital Employed (avg)
1.43
Tax Ratio
24.51%
Dividend Payout Ratio
0
Pledged Shares
0
Institutional Holding
0
ROCE (avg)
29.41%
ROE (avg)
13.39%
Valuation key factors
Factor
Value
P/E Ratio
21
Industry P/E
Price to Book Value
2.31
EV to EBIT
12.56
EV to EBITDA
7.99
EV to Capital Employed
3.40
EV to Sales
1.13
PEG Ratio
NA
Dividend Yield
NA
ROCE (Latest)
27.10%
ROE (Latest)
11.11%
Technicals key factors
Indicator
Weekly
Monthly
MACD
Mildly Bearish
Mildly Bullish
RSI
Bearish
No Signal
Bollinger Bands
Mildly Bullish
Mildly Bullish
Moving Averages
Mildly Bullish (Daily)
KST
Mildly Bearish
Mildly Bullish
Dow Theory
No Trend
No Trend
OBV
Mildly Bullish
Mildly Bearish
Shareholding Snapshot : Jun 2023
Shareholding Compare (%holding) 
Majority shareholders
Strategic Entities
Domestic Funds
Held in 4 Schemes (0.46%)
Foreign Institutions
Held by 3 Foreign Institutions (0.82%)
Strategic Entities with highest holding
Highest Public shareholder
Annual Results Snapshot (Consolidated) - Dec'23
Dec'23
Dec'22
Change(%)
Net Sales
77.30
76.30
1.31%
Operating Profit (PBDIT) excl Other Income
12.80
13.50
-5.19%
Interest
0.30
0.20
50.00%
Exceptional Items
0.00
0.00
Consolidate Net Profit
6.90
5.50
25.45%
Operating Profit Margin (Excl OI)
115.10%
129.30%
-1.42%
USD in Million.
Net Sales
YoY Growth in year ended Dec 2023 is 1.31% vs 20.92% in Dec 2022
Consolidated Net Profit
YoY Growth in year ended Dec 2023 is 25.45% vs 0.00% in Dec 2022
About smartphoto group NV 
smartphoto group NV
Retailing
Smartphoto Group NV is a Belgium-based company that operates in Business to Customer (B2C) and Business to Business (B2B) electronic commerce (E-commerce) with photo products. The Company's photo products include photo books, photo cards, photo calendars, photo on canvas and photo gifts, offered under the smartphoto and the smartphoto.biz brands. Trough Spector by smartphoto brand the e-commerce segment offers the same photo products to independent photographers. The Company's subsidiaries are Alexander Photo SA, DBM-Color NV, Extra Film A/S, Filmobel NV, Promo Concept Investment BVBA, Smartphoto AG, Smartphoto NV, Smartphoto SAS, Smartphoto Nordic AB, Smartphoto Services NV and Spector Coordinatiecentrum NV, among others.
Company Coordinates 
Company Details
Kwatrechtsteenweg 160 , WETTEREN None : 9230
Registrar Details






