SPADEL SA (SPA.BR) Stock Fundamental Analysis
Europe - Euronext Brussels - EBR:SPA - BE0003798155 - Common Stock
226 EUR
-2 (-0.88%)
We assign a fundamental rating of 5 out of 10 to SPA. SPA was compared to 29 industry peers in the Beverages industry. SPA gets an excellent profitability rating and is at the same time showing great financial health properties. SPA is valued expensive and it does not seem to be growing.
1. Profitability
1.1 Basic Checks
SPA had positive earnings in the past year.
SPA had a positive operating cash flow in the past year.
Each year in the past 5 years SPA has been profitable.
SPA had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
The Return On Assets of SPA (8.70%) is better than 93.10% of its industry peers.
SPA's Return On Equity of 13.47% is fine compared to the rest of the industry. SPA outperforms 72.41% of its industry peers.
SPA's Return On Invested Capital of 11.79% is amongst the best of the industry. SPA outperforms 82.76% of its industry peers.
The Average Return On Invested Capital over the past 3 years for SPA is in line with the industry average of 7.95%.
The last Return On Invested Capital (11.79%) for SPA is above the 3 year average (8.57%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.7% | ||
| ROE | 13.47% | ||
| ROIC | 11.79% |
ROA(3y)6.19%
ROA(5y)6.45%
ROE(3y)9.43%
ROE(5y)10.16%
ROIC(3y)8.57%
ROIC(5y)9.02%
1.3 Margins
Looking at the Profit Margin, with a value of 10.90%, SPA is in the better half of the industry, outperforming 68.97% of the companies in the same industry.
SPA's Profit Margin has improved in the last couple of years.
With a Operating Margin value of 13.14%, SPA is not doing good in the industry: 62.07% of the companies in the same industry are doing better.
SPA's Operating Margin has improved in the last couple of years.
With a Gross Margin value of 39.57%, SPA is not doing good in the industry: 68.97% of the companies in the same industry are doing better.
In the last couple of years the Gross Margin of SPA has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 13.14% | ||
| PM (TTM) | 10.9% | ||
| GM | 39.57% |
OM growth 3Y-0.5%
OM growth 5Y1.58%
PM growth 3Y4.62%
PM growth 5Y3.65%
GM growth 3Y1.4%
GM growth 5Y1.36%
2. Health
2.1 Basic Checks
SPA has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
SPA has about the same amout of shares outstanding than it did 1 year ago.
The number of shares outstanding for SPA remains at a similar level compared to 5 years ago.
Compared to 1 year ago, SPA has a worse debt to assets ratio.
2.2 Solvency
SPA has an Altman-Z score of 5.50. This indicates that SPA is financially healthy and has little risk of bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 5.50, SPA belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
SPA has a debt to FCF ratio of 0.13. This is a very positive value and a sign of high solvency as it would only need 0.13 years to pay back of all of its debts.
The Debt to FCF ratio of SPA (0.13) is better than 100.00% of its industry peers.
A Debt/Equity ratio of 0.01 indicates that SPA is not too dependend on debt financing.
SPA has a better Debt to Equity ratio (0.01) than 100.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.01 | ||
| Debt/FCF | 0.13 | ||
| Altman-Z | 5.5 |
ROIC/WACC1.5
WACC7.85%
2.3 Liquidity
SPA has a Current Ratio of 1.88. This is a normal value and indicates that SPA is financially healthy and should not expect problems in meeting its short term obligations.
SPA's Current ratio of 1.88 is fine compared to the rest of the industry. SPA outperforms 72.41% of its industry peers.
A Quick Ratio of 1.70 indicates that SPA should not have too much problems paying its short term obligations.
The Quick ratio of SPA (1.70) is better than 96.55% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.88 | ||
| Quick Ratio | 1.7 |
3. Growth
3.1 Past
SPA shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 26.61%, which is quite impressive.
Measured over the past years, SPA shows a quite strong growth in Earnings Per Share. The EPS has been growing by 8.75% on average per year.
The Revenue has grown by 11.40% in the past year. This is quite good.
The Revenue has been growing slightly by 4.92% on average over the past years.
EPS 1Y (TTM)26.61%
EPS 3Y15.47%
EPS 5Y8.75%
EPS Q2Q%10.68%
Revenue 1Y (TTM)11.4%
Revenue growth 3Y10.37%
Revenue growth 5Y4.92%
Sales Q2Q%10.81%
3.2 Future
No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
4. Valuation
4.1 Price/Earnings Ratio
SPA is valuated rather expensively with a Price/Earnings ratio of 21.50.
SPA's Price/Earnings is on the same level as the industry average.
The average S&P500 Price/Earnings ratio is at 26.56. SPA is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.5 | ||
| Fwd PE | N/A |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of SPA is on the same level as its industry peers.
65.52% of the companies in the same industry are cheaper than SPA, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 23.62 | ||
| EV/EBITDA | 10.63 |
4.3 Compensation for Growth
SPA has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)2.46
EPS Next 2YN/A
EPS Next 3YN/A
5. Dividend
5.1 Amount
With a yearly dividend of 0.98%, SPA is not a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 2.83, SPA's dividend is way lower than its industry peers. On top of this 82.76% of the companies listed in the same industry pay a better dividend than SPA!
Compared to an average S&P500 Dividend Yield of 1.87, SPA's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.98% |
5.2 History
The dividend of SPA has a limited annual growth rate of 1.92%.
Dividend Growth(5Y)1.92%
Div Incr Years2
Div Non Decr Years2
5.3 Sustainability
SPA pays out 30.45% of its income as dividend. This is a sustainable payout ratio.
SPA's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP30.45%
EPS Next 2YN/A
EPS Next 3YN/A
EBR:SPA (12/12/2025, 7:00:00 PM)
226
-2 (-0.88%)
Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupFood, Beverage & Tobacco
GICS IndustryBeverages
Earnings (Last)
Earnings (Next)
Inst OwnersN/A
Inst Owner ChangeN/A
Ins Owners97.59%
Ins Owner ChangeN/A
Market Cap937.90M
Revenue(TTM)399.96M
Net Income(TTM)43.62M
AnalystsN/A
Price TargetN/A
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.98% |
Yearly Dividend2.2
Dividend Growth(5Y)1.92%
DP30.45%
Div Incr Years2
Div Non Decr Years2
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)N/A
PT rev (3m)N/A
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)N/A
EPS NY rev (3m)N/A
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)N/A
Revenue NY rev (3m)N/A
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.5 | ||
| Fwd PE | N/A | ||
| P/S | 2.34 | ||
| P/FCF | 23.62 | ||
| P/OCF | 13.67 | ||
| P/B | 2.9 | ||
| P/tB | 4.39 | ||
| EV/EBITDA | 10.63 |
EPS(TTM)10.51
EY4.65%
EPS(NY)N/A
Fwd EYN/A
FCF(TTM)9.57
FCFY4.23%
OCF(TTM)16.53
OCFY7.31%
SpS96.38
BVpS78.04
TBVpS51.43
PEG (NY)N/A
PEG (5Y)2.46
Graham Number135.85
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.7% | ||
| ROE | 13.47% | ||
| ROCE | 14.63% | ||
| ROIC | 11.79% | ||
| ROICexc | 19.37% | ||
| ROICexgc | 39.13% | ||
| OM | 13.14% | ||
| PM (TTM) | 10.9% | ||
| GM | 39.57% | ||
| FCFM | 9.93% |
ROA(3y)6.19%
ROA(5y)6.45%
ROE(3y)9.43%
ROE(5y)10.16%
ROIC(3y)8.57%
ROIC(5y)9.02%
ROICexc(3y)13.94%
ROICexc(5y)13.81%
ROICexgc(3y)32.94%
ROICexgc(5y)32.52%
ROCE(3y)10.63%
ROCE(5y)11.39%
ROICexgc growth 3Y14.92%
ROICexgc growth 5Y8.53%
ROICexc growth 3Y13.66%
ROICexc growth 5Y8.37%
OM growth 3Y-0.5%
OM growth 5Y1.58%
PM growth 3Y4.62%
PM growth 5Y3.65%
GM growth 3Y1.4%
GM growth 5Y1.36%
F-Score8
Asset Turnover0.8
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.01 | ||
| Debt/FCF | 0.13 | ||
| Debt/EBITDA | 0.04 | ||
| Cap/Depr | 125.99% | ||
| Cap/Sales | 7.22% | ||
| Interest Coverage | 73.39 | ||
| Cash Conversion | 90.89% | ||
| Profit Quality | 91.05% | ||
| Current Ratio | 1.88 | ||
| Quick Ratio | 1.7 | ||
| Altman-Z | 5.5 |
F-Score8
WACC7.85%
ROIC/WACC1.5
Cap/Depr(3y)93.53%
Cap/Depr(5y)93.22%
Cap/Sales(3y)5.83%
Cap/Sales(5y)6.29%
Profit Quality(3y)136.29%
Profit Quality(5y)124.06%
High Growth Momentum
Growth
EPS 1Y (TTM)26.61%
EPS 3Y15.47%
EPS 5Y8.75%
EPS Q2Q%10.68%
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)11.4%
Revenue growth 3Y10.37%
Revenue growth 5Y4.92%
Sales Q2Q%10.81%
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y29.43%
EBIT growth 3Y9.82%
EBIT growth 5Y6.57%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y98.09%
FCF growth 3Y16.51%
FCF growth 5Y18.57%
OCF growth 1Y85.3%
OCF growth 3Y13.89%
OCF growth 5Y11.4%
SPADEL SA / SPA.BR FAQ
What is the ChartMill fundamental rating of SPADEL SA (SPA.BR) stock?
ChartMill assigns a fundamental rating of 5 / 10 to SPA.BR.
Can you provide the valuation status for SPADEL SA?
ChartMill assigns a valuation rating of 1 / 10 to SPADEL SA (SPA.BR). This can be considered as Overvalued.
Can you provide the profitability details for SPADEL SA?
SPADEL SA (SPA.BR) has a profitability rating of 7 / 10.
Can you provide the dividend sustainability for SPA stock?
The dividend rating of SPADEL SA (SPA.BR) is 3 / 10 and the dividend payout ratio is 30.45%.