Dashboard
1
Company's ability to service its debt is strong with a healthy EBIT to Interest (avg) ratio of 20.46
2
Strong Long Term Fundamental Strength with an average Return on Equity (ROE) of 10.16%
3
Positive results in Dec 24
4
With ROE of 13.47%, it has a Expensive valuation with a 3.18 Price to Book Value
5
Consistent Returns over the last 3 years
Total Returns (Price + Dividend) 
TimePeriod
Price Return
Dividend Return
Total Return
3 Months
21.93%
0%
21.93%
6 Months
39.0%
0%
39.0%
1 Year
47.09%
0%
47.09%
2 Years
81.7%
0%
81.7%
3 Years
75.95%
0%
75.95%
4 Years
58.86%
0%
58.86%
5 Years
52.75%
0%
52.75%
Spadel SA 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)
7.48%
EBIT Growth (5y)
16.05%
EBIT to Interest (avg)
20.46
Debt to EBITDA (avg)
0
Net Debt to Equity (avg)
-0.42
Sales to Capital Employed (avg)
1.09
Tax Ratio
20.42%
Dividend Payout Ratio
22.66%
Pledged Shares
0
Institutional Holding
0
ROCE (avg)
13.36%
ROE (avg)
10.16%
Valuation key factors
Factor
Value
P/E Ratio
24
Industry P/E
Price to Book Value
3.18
EV to EBIT
19.39
EV to EBITDA
13.10
EV to Capital Employed
4.40
EV to Sales
2.28
PEG Ratio
0.89
Dividend Yield
NA
ROCE (Latest)
22.68%
ROE (Latest)
13.47%
Technicals key factors
Indicator
Weekly
Monthly
MACD
Bullish
Bullish
RSI
Bearish
Bearish
Bollinger Bands
Mildly Bullish
Mildly Bullish
Moving Averages
Bullish (Daily)
KST
Bullish
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'24
Dec'24
Dec'23
Change(%)
Net Sales
379.30
345.90
9.66%
Operating Profit (PBDIT) excl Other Income
57.20
40.40
41.58%
Interest
0.40
0.40
Exceptional Items
0.00
0.00
Consolidate Net Profit
41.00
28.20
45.39%
Operating Profit Margin (Excl OI)
91.20%
51.30%
3.99%
USD in Million.
Net Sales
YoY Growth in year ended Dec 2024 is 9.66% vs 7.82% in Dec 2023
Consolidated Net Profit
YoY Growth in year ended Dec 2024 is 45.39% vs 120.31% in Dec 2023
About Spadel SA 
Spadel SA
Beverages
Societe de Services de Participations de Direction et d'Elaboration SA is a Belgium-based company that produces and markets natural mineral and spring water, as well as soft drinks with natural mineral water. It sells its products under the brands Spa Marie-Henriette, Spa Reine, Spa Barisart, Spa Citron, Spa Fruit, Bru, Brecon Carreg, DEVIN, Wattwiller and Carola. Societe de Services de Participations de Direction et d'Elaboration SA offers: natural mineral water under the Spa, Bru, Wattwiller, Carola and Brecon Carreg brands; flavored water under the Spa and Carola brands, and lemonade under the Spa brand. The Company controls a numer of subsidiaries, such as Spadel Netherland BV, Spa Monopole SA and Devin EAD.
Company Coordinates 
Company Details
Avenue des Communautes 110 , WOLUWE-SAINT-LAMBERT None : 1200
Registrar Details






