ENXTBR:SIP

Stock Analysis Report

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Executive Summary

Sipef NV operates as an agro-industrial company. More Details

Rewards

Trading at 90.5% below our estimate of its fair value

Earnings are forecast to grow 86.16% per year

Risk Analysis

No risks detected for SIP from our risk checks.


Snowflake Analysis

Reasonable growth potential and fair value.

Share Price & News

How has Sipef's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: SIP has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-4.4%

SIP

-2.6%

BE Food

-6.0%

BE Market


1 Year Return

-4.1%

SIP

18.1%

BE Food

-23.3%

BE Market

Return vs Industry: SIP underperformed the Belgian Food industry which returned 18.6% over the past year.

Return vs Market: SIP exceeded the Belgian Market which returned -23% over the past year.


Shareholder returns

SIPIndustryMarket
7 Day-4.4%-2.6%-6.0%
30 Day0.2%-0.8%-5.2%
90 Day0.8%12.7%-4.6%
1 Year-4.1%-4.1%18.9%18.1%-22.1%-23.3%
3 Year-30.0%-32.0%-0.03%-2.5%-31.7%-35.8%
5 Year-7.5%-14.3%41.7%35.4%-26.4%-33.9%

Price Volatility Vs. Market

How volatile is Sipef's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Sipef undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: SIP (€42.75) is trading below our estimate of fair value (€451.05)

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


Price To Earnings Ratio

PE vs Industry: SIP is unprofitable, so we can't compare its PE Ratio to the XE Food industry average.

PE vs Market: SIP is unprofitable, so we can't compare its PE Ratio to the Belgian market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: SIP is good value based on its PB Ratio (0.8x) compared to the BE Food industry average (1.2x).


Next Steps

Future Growth

How is Sipef forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

86.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SIP is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.6%).

Earnings vs Market: SIP is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: SIP's is expected to become profitable in the next 3 years.

Revenue vs Market: SIP's revenue (17.1% per year) is forecast to grow faster than the Belgian market (7% per year).

High Growth Revenue: SIP's revenue (17.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if SIP's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Sipef performed over the past 5 years?

-17.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SIP is currently unprofitable.

Growing Profit Margin: SIP is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: SIP is unprofitable, and losses have increased over the past 5 years at a rate of 17.4% per year.

Accelerating Growth: Unable to compare SIP's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: SIP is unprofitable, making it difficult to compare its past year earnings growth to the Food industry (4.3%).


Return on Equity

High ROE: SIP has a negative Return on Equity (-0.33%), as it is currently unprofitable.


Next Steps

Financial Health

How is Sipef's financial position?


Financial Position Analysis

Short Term Liabilities: SIP's short term assets ($136.6M) do not cover its short term liabilities ($147.4M).

Long Term Liabilities: SIP's short term assets ($136.6M) exceed its long term liabilities ($133.9M).


Debt to Equity History and Analysis

Debt Level: SIP's debt to equity ratio (26.6%) is considered satisfactory.

Reducing Debt: SIP's debt to equity ratio has increased from 11.6% to 26.6% over the past 5 years.

Debt Coverage: SIP's debt is well covered by operating cash flow (22%).

Interest Coverage: SIP is unprofitable, therefore interest payments are not well covered by earnings.


Balance Sheet


Next Steps

Dividend

What is Sipef current dividend yield, its reliability and sustainability?

2.11%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate SIP's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate SIP's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if SIP's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if SIP's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: SIP is not paying a notable dividend for the Belgian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of SIP's dividend in 3 years as they are not forecast to pay a notable one for the Belgian market.


Next Steps

Management

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

2.9yrs

Average board tenure


CEO

François Van Hoydonck (61 yo)

no data

Tenure

US$29,000

Compensation

Mr. François Van Hoydonck serves as Managing Director of Sipef NV (formerly known as Société Internationale de Plantations et de Finance) (Alternate name Sipef N.V.) since September 1, 2007 and serves as i ...


Board Members

NamePositionTenureCompensationOwnership
François Van Hoydonck
CEO, MD & Directorno dataUS$29.00kno data
Luc Bertrand
Chairman4.33yrsno datano data
Tom Bamelis
Director2.75yrsUS$33.88kno data
Priscilla Bracht
Non-Executive Directorno dataUS$29.00kno data
Jacques Delen
Non-Executive Directorno dataUS$29.00kno data
Antoine Friling
Non-Executive Director9.33yrsUS$37.35kno data
Sophie Lammerant-Velge
Independent Non-Executive Director9.08yrsUS$40.50kno data
Petra Meekers
Independent Director2.92yrsUS$31.00kno data
Nicholas Thompson
Independent Director1.33yrsUS$18.25kno data
Gaetan Hannecart
Director0.33yrno datano data

2.9yrs

Average Tenure

61yo

Average Age

Experienced Board: SIP's board of directors are not considered experienced ( 2.9 years average tenure), which suggests a new board.


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

Sipef NV's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Sipef NV
  • Ticker: SIP
  • Exchange: ENXTBR
  • Founded: 1919
  • Industry: Agricultural Products
  • Sector: Food, Beverage & Tobacco
  • Market Cap: €448.031m
  • Shares outstanding: 10.42m
  • Website: https://www.sipef.com

Number of Employees


Location

  • Sipef NV
  • Kasteel Calesberg
  • Calesbergdreef 5
  • Schoten
  • Antwerp
  • 2900
  • Belgium

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SIPENXTBR (Euronext Brussels)YesOrdinary SharesBEEURJan 1992
0JSULSE (London Stock Exchange)YesOrdinary SharesGBEURJan 1992
SISA.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJan 1992
SIPBBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURJan 1992

Biography

Sipef NV operates as an agro-industrial company. The company operates through Palm, Rubber, Tea, and Bananas and Flowers segments. Its products include fresh fruit bunches, crude palm oil, palm kernel oil, ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/30 22:27
End of Day Share Price2020/10/30 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.