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
Market Beating performance in long term as well as near term
Total Returns (Price + Dividend) 
TimePeriod
Price Return
Dividend Return
Total Return
3 Months
14.15%
0%
14.15%
6 Months
19.8%
0%
19.8%
1 Year
28.04%
0%
28.04%
2 Years
51.25%
0%
51.25%
3 Years
45.78%
0%
45.78%
4 Years
35.2%
0%
35.2%
5 Years
38.29%
0%
38.29%
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
Mildly Bearish
Bullish
RSI
Bearish
No Signal
Bollinger Bands
Bullish
Bullish
Moving Averages
Bullish (Daily)
KST
Bullish
Bullish
Dow Theory
Mildly Bullish
Bearish
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






