SPA.BR

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Spadel SA · Consumer Defensive · Belgium · $1.7B · Avg Vol: $8K/d

Premium Grower: Strong business with the market behind it, but you are paying up for it.

76
StockRank
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Quality
77
Value
22
Momentum
71
P/E (TTM)
27.5x
peers 16.5x
ROE
16.6%
peers 11.4%
D/E
0.0x
peers 0.7x
Dividend %
1.2%
trailing yield
AI CONVICTION THESIS

Insufficient evidence for a screen-pass. Spadel SA: fails the quant gate on value (Q77/V21/M71; every leg must be >= 50). Absence of evidence is neutral; nothing adverse is known.

The ranks quoted here are from the day it was written; today's Quality, Value and Momentum are the bars above.

ABOUT SPADEL SA

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Spadel SA produces and markets natural mineral water in Belgium. It offers natural mineral and flavored water, including still and sparkling, as well as lemonades. The company provides its products under the Spa, Bru, Wattwiller, Carola, and Devin brand names.

FINANCIAL SUMMARY (EUR)

Year20212022202320242025CAGRTTM
Revenue—320.8M345.9M357.3M399.5M7.6%422.5M
EPS (EUR)6.423.086.809.8912.3317.7%12.43
Shares—4.2M4.2M4.2M4.2M0.0%4.2M
Debt—5.6M3.9M5.2M5.7M0.7%—
Equity—257.8M279.1M310.4M348.3M10.6%—
Op CF—36.2M61.8M68.5M71.2M25.3%72.9M
Inv CF—-17.7M-22.5M-23.7M-34.4M——
Fin CF—-23.5M-8.2M-9.0M-13.6M——
Loading 1Y...
PRICE (1Y)+1.2%
38839339940541012 Aug2 Sep23 Sep
SMA 50SMA 200

Close
$399.04
RSI (14)
35.3
52W High
$510.77
From 52W High
-21.9%

SCORE BREAKDOWN

Quality
77
ROIC
17.0%77.0
ROE
16.6%77.3
GP/Assets
35.0%63.3
Op. Margin
18.9%84.7
FCF/Assets
7.6%71.6
Piotroski
889.7
Int. Cover
50.0x87.3
D/E Ratio
0.02x89.1
Current Ratio
2.06x65.6
Value
22
P/E (TTM)
27.5x23.2
EV/EBITDA
13.7x28.0
P/FCF
36.8x22.4
P/B
3.9x18.6
P/S
3.4x14.2
Div Yield
1.2%17.8
Momentum
71
52W High %
78%49.0
RS 6M
16%85.5
SMA 50/200
1.14x90.8
EPS Rev 4W
—N/A
EPS Rev 12W
—N/A
EPS Improve
—N/A
Q Growth
22%64.6

FUNDAMENTALS

Market Cap
$1.7B
P/E (Forward)
—
Gross Margin
43.2%

SECTOR PEERS

Closest peers in Consumer Defensive, ranked by industry match, size, and score similarity. Cross-listings of SPA.BR are excluded.

TickerCompanyMkt CapStockRankSignal
SPA.BRSpadel SA(you)$1.7B76Buy
SIP.BRSipef NV$1.3B98Strong Buy
COMB.BRCompagnie du Bois Sauvage S.A.$546M81Strong Buy
COLR.BRColruyt Group N.V.$5.2B88Strong Buy
LOTB.BRLotus Bakeries NV$11.5B60Hold
MIKO.BRMiko NV$100M92Strong Buy
COBH.BRBrouwerij Handelsmaatschappij NV$196M32Sell
ONTEX.BROntex Group NV$184M33Sell
ANH.JOAnheuser-Busch InBev SA/NV$151.2B74Buy

Peer medians: ROE 11.4% · P/E 16.5x · Gross margin 50.0%

Company Deep Dive

Business segments breakdown, earnings transcript analysis, management credibility scoring, competitive landscape, and scenario modelling.

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Spadel SA (SPA.BR): Stock Score Summary

Spadel SA (SPA.BR) has a MoatMap StockRank of 76/100 based on Quality (77/100), Value (22/100), and Momentum (71/100) factor scores. The current signal is BUY. Insufficient evidence for a screen-pass. Spadel SA: fails the quant gate on value (Q77/V21/M71; every leg must be >= 50). Absence of evidence is neutral; nothing adverse is known.

Spadel SA produces and markets natural mineral water in Belgium. It offers natural mineral and flavored water, including still and sparkling, as well as lemonades. The company provides its products under the Spa, Bru, Wattwiller, Carola, and Devin brand names.

Key Financial Metrics

Price$399.04
Market Cap$1.7B
P/E (TTM)27.53
Price/Book3.88
Return on Equity16.6%
Return on Invested Capital17.0%
Debt/Equity0.02x
Gross Margin43.2%
Operating Margin18.9%
Revenue Growth4.1%
Dividend Yield1.2%
Free Cash Flow$45M

Spadel SA operates in the Beverages - Non-Alcoholic industry, part of the Consumer Defensive sector (Belgium).

Frequently Asked Questions

What is Spadel SA’s (SPA.BR) StockRank?
MoatMap’s StockRank for Spadel SA (SPA.BR) is 76/100, with a Buy signal. It is a composite of Quality (77), Value (22), and Momentum (71) factor ranks across MoatMap’s universe of 25,000+ stocks.
Does Spadel SA have an economic moat?
Spadel SA (SPA.BR) has a Quality factor score of 77/100. The Quality factor combines ROIC, Piotroski F-Score, and leverage: the financial fingerprints of a durable competitive advantage. A Quality score above 70 typically indicates a company with the characteristics of a moated business.
Is Spadel SA a buy, hold, or sell?
MoatMap’s current signal for Spadel SA (SPA.BR) is Buy, based on a StockRank of 76/100. Signals are derived mechanically from the StockRank composite and should be one input among many; combine with your own thesis on management, competitive position, and valuation.
What sector is Spadel SA in?
Spadel SA (SPA.BR) operates in the Consumer Defensive sector, specifically the Beverages - Non-Alcoholic industry (Belgium).