Dashboard
1
High Management Efficiency with a high ROCE of 14.10%
2
Company's ability to service its debt is strong with a healthy EBIT to Interest (avg) ratio of 30.54
3
Strong Long Term Fundamental Strength with an average Return on Capital Employed (ROCE) of 14.10%
4
Flat results in Dec 24
5
With ROE of 10.57%, it has a Attractive valuation with a 0.56 Price to Book Value
6
Below par performance in long term as well as near term
Total Returns (Price + Dividend) 
TimePeriod
Price Return
Dividend Return
Total Return
3 Months
-4.93%
0%
-4.93%
6 Months
-2.17%
0%
-2.17%
1 Year
-3.57%
0%
-3.57%
2 Years
-25.0%
0%
-25.0%
3 Years
-23.3%
0%
-23.3%
4 Years
-24.16%
0%
-24.16%
5 Years
-1.46%
0%
-1.46%
Etex 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)
7.28%
EBIT Growth (5y)
68.18%
EBIT to Interest (avg)
30.54
Debt to EBITDA (avg)
0.91
Net Debt to Equity (avg)
0.52
Sales to Capital Employed (avg)
284.37
Tax Ratio
32.58%
Dividend Payout Ratio
33.99%
Pledged Shares
0
Institutional Holding
0
ROCE (avg)
14.10%
ROE (avg)
13.86%
Valuation key factors
Factor
Value
P/E Ratio
5
Industry P/E
Price to Book Value
0.56
EV to EBIT
5.81
EV to EBITDA
3.29
EV to Capital Employed
0.72
EV to Sales
0.60
PEG Ratio
NA
Dividend Yield
NA
ROCE (Latest)
12.42%
ROE (Latest)
10.57%
Technicals key factors
Indicator
Weekly
Monthly
MACD
Bearish
Mildly Bullish
RSI
No Signal
No Signal
Bollinger Bands
Bearish
Bearish
Moving Averages
Mildly Bearish (Daily)
KST
Bearish
Mildly Bullish
Dow Theory
No Trend
No Trend
OBV
No Trend
No Trend
Shareholding Snapshot
No data for shareholding present.
Shareholding Compare (%holding) 
No data for shareholding present.
Annual Results Snapshot (Consolidated) - Dec'23
Dec'23
Dec'22
Change(%)
Net Sales
3,807.90
3,713.90
2.53%
Operating Profit (PBDIT) excl Other Income
422.10
639.40
-33.98%
Interest
129.90
30.30
328.71%
Exceptional Items
0.00
-39.00
100.00%
Consolidate Net Profit
280.80
218.40
28.57%
Operating Profit Margin (Excl OI)
110.90%
108.30%
0.26%
USD in Million.
Net Sales
YoY Growth in year ended Dec 2023 is 2.53% vs 24.97% in Dec 2022
Consolidated Net Profit
YoY Growth in year ended Dec 2023 is 28.57% vs 10.08% in Dec 2022
About Etex NV 
Etex NV
Building Products
Etex SA (also Etex NV) is a Belgium-based company within construction industry. Its operations comprise four main business lines, which are cladding and building boards, roofing, fire protection and insulation, and ceramic tiles.
Company Coordinates 
Company Details
Avenue de Tervueren 361 , ZAVENTEM None : 1930
Registrar Details






