Financials Spadel SA

Equities

SPA

BE0003798155

Non-Alcoholic Beverages

Real-time Euronext Bruxelles 10:30:18 2024-02-27 am EST 5-day change 1st Jan Change
152 EUR -0.65% Intraday chart for Spadel SA -0.65% -3.18%

Valuation

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Capitalization 1 747.1 896.5 821.8 796.9 763.7 664.1
Enterprise Value (EV) 1 732.8 866.8 785.8 743.6 692.7 586.7
P/E ratio 28.3 x 23.6 x 30.5 x 29.2 x 28.7 x 51.9 x
Yield 1% 0.93% 1.01% 1.04% 1.09% 0.94%
Capitalization / Revenue 2.59 x 2.85 x 2.75 x 2.99 x 2.71 x 2.07 x
EV / Revenue 2.54 x 2.76 x 2.63 x 2.79 x 2.45 x 1.83 x
EV / EBITDA 15 x 11.7 x 14.6 x 14.8 x 12.7 x 14.8 x
EV / FCF 38.8 x 46.8 x 61.4 x 34.1 x 28.5 x 30.6 x
FCF Yield 2.58% 2.14% 1.63% 2.94% 3.51% 3.27%
Price to Book 4.58 x 4.62 x 3.89 x 3.47 x 3.04 x 2.58 x
Nbr of stocks (in thousands) 4,150 4,150 4,150 4,150 4,150 4,150
Reference price 2 180.0 216.0 198.0 192.0 184.0 160.0
Announcement Date 4/30/18 4/30/19 4/21/20 4/30/21 4/22/22 4/21/23
1EUR in Million2EUR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 289 314.4 298.4 266.6 282.2 320.8
EBITDA 1 48.8 73.93 53.75 50.14 54.69 39.76
EBIT 1 32.86 54.34 36.08 31.97 36.03 20.2
Operating Margin 11.37% 17.28% 12.09% 11.99% 12.77% 6.3%
Earnings before Tax (EBT) 1 31.52 52.23 35.18 35.05 36.09 17.18
Net income 1 26.41 38 26.98 27.33 26.65 12.79
Net margin 9.14% 12.09% 9.04% 10.25% 9.44% 3.99%
EPS 2 6.360 9.156 6.500 6.587 6.420 3.080
Free Cash Flow 1 18.91 18.51 12.81 21.83 24.33 19.18
FCF margin 6.54% 5.89% 4.29% 8.19% 8.62% 5.98%
FCF Conversion (EBITDA) 38.74% 25.04% 23.83% 43.55% 44.49% 48.24%
FCF Conversion (Net income) 71.59% 48.72% 47.48% 79.88% 91.32% 149.97%
Dividend per Share 2 1.800 2.000 2.000 2.000 2.000 1.500
Announcement Date 4/30/18 4/30/19 4/21/20 4/30/21 4/22/22 4/21/23
1EUR in Million2EUR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 - - - - - -
Net Cash position 1 14.3 29.6 36 53.3 71 77.3
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 18.9 18.5 12.8 21.8 24.3 19.2
ROE (net income / shareholders' equity) 17.3% 21.3% 13.3% 12.4% 11.1% 5.02%
ROA (Net income/ Total Assets) 6.03% 8.7% 5.81% 5.12% 5.69% 3.18%
Assets 1 438.2 436.6 464.1 534 468.1 402.5
Book Value Per Share 2 39.30 46.80 51.00 55.40 60.60 62.10
Cash Flow per Share 2 19.50 19.80 19.30 20.30 21.20 20.00
Capex 1 21 18.3 19.5 18.8 15.8 15.8
Capex / Sales 7.26% 5.84% 6.53% 7.05% 5.61% 4.92%
Announcement Date 4/30/18 4/30/19 4/21/20 4/30/21 4/22/22 4/21/23
1EUR in Million2EUR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA