Spadel (FRA:YX5) EV-to-FCF: 37.91 (As of Jul. 23, 2026) — 52% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

FRA:YX5 Spadel SA FRA:YX5
72 GF Score
Price €400.00
GF Value €216.01
! 4 Warning Signs
View Full Analysis

What is Spadel EV-to-FCF?

Spadel FRA:YX5 -0.50% 72 EV-to-FCF is 37.91 as of Jul. 23, 2026, which is 52% above its 10-year median of 25.00. GuruFocus rates FRA:YX5 with a GF Score™ of 72/100 and a GF Value™ of €216.01. The stock has 4 warning signs investors should review. Among 79 Beverages - Non-Alcoholic companies, Spadel ranks worse than 81.01% on this metric.

EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Spadel's Enterprise Value is €1,459.6 Mil. Spadel's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was €38.5 Mil. Therefore, Spadel's EV-to-FCF for today is 37.91.

The historical rank and industry rank for Spadel's EV-to-FCF or its related term are showing as below:

FRA:YX5' s EV-to-FCF Range Over the Past 10 Years
Min: 12.65   Med: 25   Max: 44.3
Current: 39.85

During the past 13 years, the highest EV-to-FCF of Spadel was 44.30. The lowest was 12.65. And the median was 25.00.

FRA:YX5's EV-to-FCF is ranked worse than
81.01% of 79 companies
in the Beverages - Non-Alcoholic industry
Industry Median: 20.74 vs FRA:YX5: 39.85

EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.

As of today (2026-07-23), Spadel's stock price is €400.00. Spadel's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was €12.330. Therefore, Spadel's PE Ratio (TTM) for today is 32.44.


Spadel  (FRA:YX5) EV-to-FCF Explanation

EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.

Spadel's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=400.00/12.330
=32.44

Spadel's share price for today is €400.00.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Spadel's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was €12.330.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.


Spadel EV-to-FCF Related Terms


Spadel EV-to-FCF Historical Data

* Premium members only.

The historical data trend for Spadel's EV-to-FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Spadel EV-to-FCF Chart

Spadel Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EV-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 24.32 29.26 13.47 12.92 20.23

Spadel Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
EV-to-FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 13.47 0.00 12.92 0.00 20.23

FRA:YX5 vs KO, PEP, MNST: EV-to-FCF Comparison

For the Beverages - Non-Alcoholic subindustry, Spadel's EV-to-FCF, along with its competitors' market caps and EV-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Spadel EV-to-FCF vs Beverages - Non-Alcoholic Industry

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Spadel's EV-to-FCF distribution charts can be found below:

* The bar in red indicates where Spadel's EV-to-FCF falls into.


FRA:YX5
72GF Score
Spadel SA FRA:YX5
EV-to-FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Spadel EV-to-FCF Calculation

Spadel's EV-to-FCF for today is calculated as:

EV-to-FCF=Enterprise Value (Today)/Free Cash Flow (TTM)
=1459.574/38.503
=37.91

Spadel's current Enterprise Value is €1,459.6 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Spadel's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was €38.5 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EV-to-FCF →
What does a EV-to-FCF of 37.91 mean?
Spadel (FRA:YX5) has a EV-to-FCF of 37.91 as of Jul. 23, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Spadel and its competitors. This is 52% above median its historical median of 25.00. Over the past decade, Spadel's EV-to-FCF has ranged from 12.65 to 44.30. According to the industry distribution chart, Spadel ranks #64 out of 79 companies in the Beverages - Non-Alcoholic industry, placing it in the top 81%.
Is Spadel's EV-to-FCF too high?
Spadel's current EV-to-FCF of 37.91 is 52% above median its 10-year median of 25.00. Over the past 10 years, this metric has ranged from a low of 12.65 to a high of 44.30. The Beverages - Non-Alcoholic industry median EV-to-FCF is 20.74. Spadel's value of 37.91 is 82.8% above this industry median. Based on the distribution chart, Spadel ranks #64 out of 79 companies in the Beverages - Non-Alcoholic industry, which is in the bottom quartile relative to peers. Overall, Spadel has a GF Score™ of 72/100, reflecting its overall financial health beyond just this single metric.
How does Spadel's EV-to-FCF compare to KO and PEP?
According to the Beverages - Non-Alcoholic industry distribution chart, Spadel ranks #64 out of 79 companies for EV-to-FCF. This places Spadel in the lower half of its industry. The industry median EV-to-FCF is 20.74. Spadel's value of 37.91 is 82.8% above this benchmark. Historically, Spadel's own EV-to-FCF has ranged from 12.65 to 44.30 over the past decade. While the company's 10-year median is 25.00 vs. the industry median of 20.74, Spadel has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-FCF for a Beverages - Non-Alcoholic company?
The median EV-to-FCF among Beverages - Non-Alcoholic companies is 20.74, based on 79 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Spadel's current EV-to-FCF of 37.91 is 82.8% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Spadel and its competitors. For the Beverages - Non-Alcoholic industry, the median EV-to-FCF is 20.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Spadel's current EV-to-FCF is 37.91, which is 52% above median its own 10-year median of 25.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Spadel stock overvalued right now?
Spadel (FRA:YX5) has a current EV-to-FCF of 37.91. The stock's GF Value™ is €216.01, compared to a current price of €400.00 — trading 85.2% above its estimated fair value. The current EV-to-FCF is 37.91, which is 52% above median its 10-year median of 25.00 and 82.8% above the Beverages - Non-Alcoholic industry median of 20.74. Spadel's overall GF Score™ is 72/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For Spadel (FRA:YX5), the current EV-to-FCF is 37.91 as of Jul. 23, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Spadel (FRA:YX5) Overvalued in 2026?

Based on GuruFocus' analysis, Spadel stock appears to be overvalued. The current stock price of €400.00 is trading 85.2% above its estimated GF Value™ of €216.01.

Key valuation signals for FRA:YX5:

  • EV-to-FCF: 37.91 (52% above median its 10-year median of 25.00)
  • GF Value™: €216.01 vs. price of €400.00 (85.2% above fair value)
  • GF Score™: 72/100 with 4 warning signs
  • Industry Position: 82.8% above the Beverages - Non-Alcoholic median (#64 of 79)

No single metric tells the full story. See the FRA:YX5 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Spadel Business Description

Other Exchanges SPA:Belgium
Address Avenue des Communautes 110, Brussels, BEL, B-1200
Spadel SA produces and markets mineral water, lemonade, and fruit juices. The company also sells water coolers and dispensers. It produces brands of natural mineral water, spring water, and refreshing beverages. Its products are marketed under the brand names Spa, Bru, Wattwiller, Carola, and Brecon.
72GF Score

Get the complete analysis for FRA:YX5

EV-to-FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€400.00
Price
€216.01
GF Value