Spadel Valuation

Is SPA undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of SPA when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: SPA (€189) is trading below our estimate of fair value (€736.77)

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


Key Valuation Metric

Which metric is best to use when looking at relative valuation for SPA?

Key metric: As SPA is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for SPA. This is calculated by dividing SPA's market cap by their current earnings.
What is SPA's PE Ratio?
PE Ratio22.8x
Earnings€34.45m
Market Cap€784.42m

Price to Earnings Ratio vs Peers

How does SPA's PE Ratio compare to its peers?

The above table shows the PE ratio for SPA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average16.8x
SIP Sipef
9.2x5.3%€588.6m
GREEN Greenyard
33.6x50.1%€266.1m
WHATS What's Cooking Group/SA
13.1x7.7%€201.4m
A005300 Lotte Chilsung Beverage
11.4x28.4%₩1.2t
SPA Spadel
22.8xn/a€784.4m

Price-To-Earnings vs Peers: SPA is expensive based on its Price-To-Earnings Ratio (22.8x) compared to the peer average (16.8x).


Price to Earnings Ratio vs Industry

How does SPA's PE Ratio compare vs other companies in the European Beverage Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
SPA 22.8xIndustry Avg. 17.0xNo. of Companies7PE01020304050+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: SPA is expensive based on its Price-To-Earnings Ratio (22.8x) compared to the European Beverage industry average (17x).


Price to Earnings Ratio vs Fair Ratio

What is SPA's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

SPA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio22.8x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate SPA's Price-To-Earnings Fair Ratio for valuation analysis.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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