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Société de Services de Participations de Direction et d'Elaboration

Market Cap

€767.8m

Last Updated

2021/05/10 19:04 UTC

Data Sources

Company Financials

Executive Summary

Société de Services, de Participations, de Direction et d'Elaboration produces and markets natural mineral water in Belgium. More Details

Rewards

Trading at 28.8% below our estimate of its fair value

Earnings grew by 1.4% over the past year

Risk Analysis

No risks detected for SPA from our risk checks.


Snowflake Analysis

Excellent balance sheet with proven track record.

Share Price & News

How has Société de Services de Participations de Direction et d'Elaboration's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: Insufficient data to determine SPA's volatility over the past 3 months.

Volatility Over Time: Insufficient data to determine SPA's volatility change over the past year.


Market Performance


7 Day Return

0.5%

SPA

2.3%

BE Beverage

1.6%

BE Market


1 Year Return

0.5%

SPA

33.2%

BE Beverage

30.7%

BE Market

Return vs Industry: SPA underperformed the Belgian Beverage industry which returned 33.2% over the past year.

Return vs Market: SPA underperformed the Belgian Market which returned 30.7% over the past year.


Shareholder returns

SPAIndustryMarket
7 Day0.5%2.3%1.6%
30 Day-0.5%6.8%4.6%
90 Day1.6%11.1%6.2%
1 Year1.3%0.5%35.6%33.2%32.7%30.7%
3 Year-17.9%-19.6%10.6%5.0%0.7%-4.2%
5 Year94.5%87.0%11.7%1.5%-1.8%-10.8%

Long-Term Price Volatility Vs. Market

How volatile is Société de Services de Participations de Direction et d'Elaboration's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Société de Services de Participations de Direction et d'Elaboration undervalued compared to its fair value and its price relative to the market?

28.8%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: SPA (€185) is trading below our estimate of fair value (€259.95)

Significantly Below Fair Value: SPA is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: SPA is good value based on its PE Ratio (28.1x) compared to the XE Beverage industry average (31.1x).

PE vs Market: SPA is poor value based on its PE Ratio (28.1x) compared to the Belgian market (19.5x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate SPA's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: SPA is overvalued based on its PB Ratio (3.3x) compared to the XE Beverage industry average (2.6x).


Future Growth

How is Société de Services de Participations de Direction et d'Elaboration forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

17.8%

Forecasted Food, Beverage & Tobacco industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Société de Services de Participations de Direction et d'Elaboration has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has Société de Services de Participations de Direction et d'Elaboration performed over the past 5 years?

9.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SPA has high quality earnings.

Growing Profit Margin: SPA's current net profit margins (10.3%) are higher than last year (9%).


Past Earnings Growth Analysis

Earnings Trend: SPA's earnings have grown by 9.2% per year over the past 5 years.

Accelerating Growth: SPA's earnings growth over the past year (1.4%) is below its 5-year average (9.2% per year).

Earnings vs Industry: SPA earnings growth over the past year (1.4%) exceeded the Beverage industry -16.1%.


Return on Equity

High ROE: SPA's Return on Equity (11.9%) is considered low.


Financial Health

How is Société de Services de Participations de Direction et d'Elaboration's financial position?


Financial Position Analysis

Short Term Liabilities: SPA's short term assets (€150.1M) exceed its short term liabilities (€110.5M).

Long Term Liabilities: SPA's short term assets (€150.1M) exceed its long term liabilities (€51.9M).


Debt to Equity History and Analysis

Debt Level: SPA's debt to equity ratio (2.1%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if SPA's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: SPA's debt is well covered by operating cash flow (1025.4%).

Interest Coverage: SPA's interest payments on its debt are well covered by EBIT (36.9x coverage).


Balance Sheet


Dividend

What is Société de Services de Participations de Direction et d'Elaboration current dividend yield, its reliability and sustainability?

1.08%

Current Dividend Yield


Upcoming Dividend Payment

TodayMay 10 2021Ex Dividend DateJun 23 2021Dividend Pay DateJun 25 20212 days from Ex DividendBuy in the next 43 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: SPA's dividend (1.08%) isn’t notable compared to the bottom 25% of dividend payers in the Belgian market (1.79%).

High Dividend: SPA's dividend (1.08%) is low compared to the top 25% of dividend payers in the Belgian market (4.44%).


Stability and Growth of Payments

Stable Dividend: SPA's dividends per share have been stable in the past 10 years.

Growing Dividend: SPA's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (30.3%), SPA's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

€764k

CEO Compensation


CEO

Marc du Bois

no data

Tenure

€763,790

Compensation

Mr. Marc du Bois serves as the Chief Executive Officer of Sociéte de Services, de Participations, de Direction et d'Elaboration. Mr. du Bois served as Deputy General Manager of Sociéte de Services, de Part...


CEO Compensation Analysis

Compensation vs Market: Insufficient data to establish whether Marc's total compensation is reasonable compared to companies of similar size in the Belgian market.

Compensation vs Earnings: Marc's compensation has been consistent with company performance over the past year.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Société de Services, de Participations, de Direction et d'Elaboration's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Société de Services, de Participations, de Direction et d'Elaboration
  • Ticker: SPA
  • Exchange: ENXTBR
  • Founded: NaN
  • Industry: Soft Drinks
  • Sector: Food, Beverage & Tobacco
  • Market Cap: €767.815m
  • Shares outstanding: 4.15m
  • Website: https://www.spadel.com

Number of Employees


Location

  • Société de Services, de Participations, de Direction et d'Elaboration
  • Avenue des Communautés 110
  • Woluwe-Saint-Lambert
  • Brussels
  • 1200
  • Belgium

Listings


Biography

Société de Services, de Participations, de Direction et d'Elaboration produces and markets natural mineral water in Belgium. It offers natural mineral water under the Spa, Bru, Wattwiller, Carola, Brecon C...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/05/10 19:04
End of Day Share Price2021/05/07 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.