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Seaboard

DB:S0V
Snowflake Description

Excellent balance sheet with limited growth.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
S0V
DB
$4B
Market Cap
  1. Home
  2. DE
  3. Food, Beverage & Tobacco
Company description

Seaboard Corporation operates as a diverse agribusiness and transportation company worldwide. The last earnings update was 17 days ago. More info.


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S0V Share Price and Events
7 Day Returns
-1.5%
DB:S0V
-1.1%
DE Food
-1.2%
DE Market
1 Year Returns
-13.3%
DB:S0V
-10.8%
DE Food
-8.7%
DE Market
S0V Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Seaboard (S0V) -1.5% -3.8% -2.7% -13.3% 11.1% 55.4%
DE Food -1.1% 0.7% 0.1% -10.8% 1.9% 35.3%
DE Market -1.2% -2.1% -5.9% -8.7% 18.6% 46.9%
1 Year Return vs Industry and Market
  • S0V underperformed the Food industry which returned -10.8% over the past year.
  • S0V underperformed the Market in Germany which returned -8.7% over the past year.
Price Volatility
S0V
Industry
5yr Volatility vs Market

Value

 Is Seaboard undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Seaboard to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Seaboard.

DB:S0V Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 8.1%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.5%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:S0V
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.5%
Equity Risk Premium S&P Global 9.5%
Food Unlevered Beta Simply Wall St/ S&P Global 0.36
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.364 (1 + (1- 21%) (21.34%))
0.426
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.54% + (0.8 * 9.46%)
8.11%

Discounted Cash Flow Calculation for DB:S0V using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Seaboard is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:S0V DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (USD, Millions) 116.39 113.24 110.17 107.19 104.29
Source Est @ -2.71% Est @ -2.71% Est @ -2.71% Est @ -2.71% Est @ -2.71%
Present Value
Discounted (@ 8.11%)
107.66 96.89 87.20 78.47 70.62
Present value of next 5 years cash flows $440.84
DB:S0V DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= $104.29 × (1 + 0.54%) ÷ (8.11% – 0.54%)
$1,385.83
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= $1,385.83 ÷ (1 + 8.11%)5
$938.46
DB:S0V Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= $440.84 + $938.46
$1,379.30
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $1,379.30 / 1.17
$1004.06
DB:S0V Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:S0V represents 0.8521x of AMEX:SEB
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.8521x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 1,178.34 x 0.8521
€1,004.06
Value per share (EUR) From above. €1,004.06
Current discount Discount to share price of €3,114.43
= -1 x (€3,114.43 - €1,004.06) / €1,004.06
-210.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Seaboard is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Seaboard's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Seaboard's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:S0V PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-29) in USD $82.87
AMEX:SEB Share Price ** AMEX (2018-11-16) in USD $3655
Germany Food Industry PE Ratio Median Figure of 7 Publicly-Listed Food Companies 21.44x
Germany Market PE Ratio Median Figure of 415 Publicly-Listed Companies 17.81x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Seaboard.

DB:S0V PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= AMEX:SEB Share Price ÷ EPS (both in USD)

= 3655 ÷ 82.87

44.11x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Seaboard is overvalued based on earnings compared to the DE Food industry average.
  • Seaboard is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Seaboard's expected growth come at a high price?
Raw Data
DB:S0V PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 44.11x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
19.1%per year
Europe Food Industry PEG Ratio Median Figure of 69 Publicly-Listed Food Companies 1.86x
Germany Market PEG Ratio Median Figure of 272 Publicly-Listed Companies 1.33x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Seaboard, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Seaboard's assets?
Raw Data
DB:S0V PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-29) in USD $2,914.87
AMEX:SEB Share Price * AMEX (2018-11-16) in USD $3655
Germany Food Industry PB Ratio Median Figure of 8 Publicly-Listed Food Companies 2.1x
Germany Market PB Ratio Median Figure of 553 Publicly-Listed Companies 1.88x
DB:S0V PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= AMEX:SEB Share Price ÷ Book Value per Share (both in USD)

= 3655 ÷ 2,914.87

1.25x

* Primary Listing of Seaboard.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Seaboard is good value based on assets compared to the DE Food industry average.
X
Value checks
We assess Seaboard's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Food industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Food industry average (and greater than 0)? (1 check)
  5. Seaboard has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Seaboard expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Seaboard, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
19.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Seaboard expected to grow at an attractive rate?
  • Seaboard's earnings growth is expected to exceed the low risk savings rate of 0.5%.
Growth vs Market Checks
  • Seaboard's earnings growth is expected to exceed the Germany market average.
  • Unable to compare Seaboard's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:S0V Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:S0V Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 19.1%
Germany Food Industry Earnings Growth Rate Market Cap Weighted Average 41%
Europe Food Industry Revenue Growth Rate Market Cap Weighted Average 4.3%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.2%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:S0V Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:S0V Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-09-29 6,507 213 97
2018-06-30 6,258 132 143
2018-03-31 5,989 259 194
2017-12-31 5,809 245 247
2017-09-30 5,596 326 327
2017-07-01 5,524 358 321
2017-04-01 5,459 304 343
2016-12-31 5,379 427 312
2016-10-01 5,309 349 312
2016-07-02 5,390 398 240
2016-04-02 5,461 410 192
2015-12-31 5,594 416 171
2015-10-03 5,967 457 187

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Seaboard's earnings are expected to grow by 19.1% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Seaboard is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:S0V Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Seaboard Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:S0V Past Financials Data
Date (Data in USD Millions) EPS *
2018-09-29 82.87
2018-06-30 122.16
2018-03-31 165.73
2017-12-31 211.01
2017-09-30 279.36
2017-07-01 274.23
2017-04-01 293.02
2016-12-31 266.54
2016-10-01 266.54
2016-07-02 205.03
2016-04-02 164.03
2015-12-31 146.09
2015-10-03 159.81

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Seaboard will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Seaboard's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Seaboard has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Seaboard performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Seaboard's growth in the last year to its industry (Food).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Seaboard's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Seaboard's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Seaboard's 1-year earnings growth is negative, it can't be compared to the DE Food industry average.
Earnings and Revenue History
Seaboard's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Seaboard Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:S0V Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-29 6,507.00 97.00 342.00
2018-06-30 6,258.00 143.00 332.00
2018-03-31 5,989.00 194.00 322.00
2017-12-31 5,809.00 247.00 317.00
2017-09-30 5,596.00 327.00 278.00
2017-07-01 5,524.00 321.00 267.00
2017-04-01 5,459.00 343.00 265.00
2016-12-31 5,379.00 312.00 259.00
2016-10-01 5,309.00 312.00 275.00
2016-07-02 5,390.00 240.00 276.00
2016-04-02 5,461.00 192.00 269.00
2015-12-31 5,594.00 171.00 270.00
2015-10-03 5,967.13 187.05 265.67
2015-07-04 6,178.77 289.20 263.53
2015-04-04 6,445.36 351.83 258.62
2014-12-31 6,473.00 367.00 254.00
2014-09-27 6,552.84 325.21 259.82
2014-06-28 6,578.31 251.03 262.15
2014-03-29 6,567.75 195.95 260.92
2013-12-31 6,670.00 212.00 264.00
2013-09-28 6,642.45 203.55 263.40
2013-06-29 6,473.76 247.01 255.63
2013-03-30 6,300.32 257.56 253.61
2012-12-31 6,189.13 282.31 251.40
2012-09-29 5,864.54 285.67 243.40
2012-06-30 5,861.84 247.80 233.47
2012-03-31 5,749.84 311.19 227.09
2011-12-31 5,746.90 345.85 220.68

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Seaboard has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Seaboard used its assets less efficiently than the DE Food industry average last year based on Return on Assets.
  • Seaboard's use of capital has not improved over the past 3 years (Return on Capital Employed).
X
Past performance checks
We assess Seaboard's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Food industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Seaboard has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Seaboard's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Seaboard's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Seaboard is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Seaboard's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Seaboard's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 3.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Seaboard Company Filings, last reported 1 month ago.

DB:S0V Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-29 3,426.00 913.00 1,668.00
2018-06-30 3,418.00 673.00 1,343.00
2018-03-31 3,433.00 743.00 1,364.00
2017-12-31 3,408.00 697.00 1,692.00
2017-09-30 3,396.00 640.00 1,419.00
2017-07-01 3,318.00 658.00 1,461.00
2017-04-01 3,257.00 662.00 1,329.00
2016-12-31 3,175.00 641.00 1,354.00
2016-10-01 3,078.00 655.00 1,293.00
2016-07-02 3,008.00 631.00 1,294.00
2016-04-02 2,913.00 667.00 1,238.00
2015-12-31 2,882.00 669.00 1,304.00
2015-10-03 2,784.30 113.18 738.65
2015-07-04 2,787.90 108.60 708.00
2015-04-04 2,749.70 132.57 645.54
2014-12-31 2,735.00 84.00 527.00
2014-09-27 2,642.58 34.60 419.00
2014-06-28 2,541.24 131.03 398.79
2014-03-29 2,498.44 142.47 478.29
2013-12-31 2,479.97 163.98 345.70
2013-09-28 2,396.55 176.22 319.87
2013-06-29 2,381.50 186.86 436.20
2013-03-30 2,361.06 193.20 435.38
2012-12-31 2,308.19 184.56 398.02
2012-09-29 2,271.24 218.12 468.67
2012-06-30 2,202.14 227.92 523.32
2012-03-31 2,163.76 212.10 449.28
2011-12-31 2,079.47 184.74 428.69
  • Seaboard's level of debt (26.6%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (7.3% vs 26.6% today).
  • Debt is well covered by operating cash flow (23.3%, greater than 20% of total debt).
  • Seaboard earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Seaboard's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Seaboard has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Seaboard's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0.16%
Current annual income from Seaboard dividends.
If you bought €2,000 of Seaboard shares you are expected to receive €3 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Seaboard's pays a lower dividend yield than the bottom 25% of dividend payers in Germany (1.56%).
  • Seaboard's dividend is below the markets top 25% of dividend payers in Germany (3.85%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:S0V Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Germany Food Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 2.4%
Germany Market Average Dividend Yield Market Cap Weighted Average of 326 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.6%
Germany Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:S0V Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2018-10-31 6.000 0.166
2018-08-07 6.000 0.162
2018-05-02 6.000 0.153
2018-02-21 6.000 0.147
2017-11-01 6.000 0.140
2017-08-02 6.000 0.137
2017-05-03 6.000 0.150
2017-02-02 6.000 0.151
2016-11-02 3.000 0.077
2016-08-10 3.000 0.090
2016-05-06 3.000 0.103
2016-02-25 3.000 0.101
2015-11-06 3.000 0.104
2015-08-11 3.000 0.093
2015-05-08 3.000 0.087
2015-02-26 3.000 0.076
2014-10-31 3.000 0.080
2014-08-05 3.000 0.106
2014-05-02 3.000 0.107
2012-12-07 3.000 0.111
2012-11-02 3.000 0.131
2012-08-07 3.000 0.134
2012-05-04 3.000 0.144
2012-02-28 3.000 0.156
2011-11-08 3.000 0.151
2011-08-09 3.000 0.144
2011-05-06 3.000 0.125
2010-12-06 3.000 0.139
2010-09-07 3.000 0.165
2010-06-07 3.000 0.195
2010-05-10 3.000 0.207
2009-12-14 3.000 0.225
2009-09-08 3.000 0.216
2009-06-09 3.000 0.270
2009-03-02 3.000 0.301
2008-12-09 3.000 0.294
2008-11-18 3.000 0.326

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Seaboard is not paying a notable dividend for Germany, therefore no need to check if the payments are stable.
  • Seaboard is not paying a notable dividend for Germany, therefore no need to check if the payments are increasing.
Current Payout to shareholders
What portion of Seaboard's earnings are paid to the shareholders as a dividend.
  • No need to calculate the sustainability of Seaboard's dividends as it is not paying a notable one for Germany.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Seaboard's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Seaboard afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Seaboard has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Seaboard's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Steven Bresky
COMPENSATION $4,755,791
AGE 64
TENURE AS CEO 12.3 years
CEO Bio

Mr. Steven J. Bresky has been the Chief Executive Officer and President of Seaboard Corporation since July 6, 2006. Mr. Bresky has been Manager of Seaboard Flour since 2006. He served as Chief Executive Officer of Commodity Trading and Milling at Seaboard Corporation. He served as Senior Vice President of International Operations of Seaboard Corporation from February 2001 to July 2006 and its Vice President from 1989 to 2001. He has experience in working for Seaboard for more than 30 years including acting as President of Seaboard Corporation and as President of Seaboard’s Overseas Division. He serves as the Chairman of Seaboard Corporation and has been its Director since 2005. He serves as Director at UMB Bank, National Association.

CEO Compensation
  • Steven's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
  • Steven's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Seaboard management team in years:

7.6
Average Tenure
56
Average Age
  • The average tenure for the Seaboard management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Steven Bresky

TITLE
President
COMPENSATION
$5M
AGE
64
TENURE
12.3 yrs

Robert Steer

TITLE
Executive VP & CFO
COMPENSATION
$5M
AGE
58
TENURE
7.6 yrs

Edward Gonzalez

TITLE
CEO of Seaboard Marine Ltd. & President of Seaboard Marine Ltd.
COMPENSATION
$2M
AGE
52

Dave Dannov

TITLE
CEO of Commodity Trading & Milling and President of Seaboard Overseas Trading Group
COMPENSATION
$2M
AGE
56

Michael Trollinger

TITLE
VP, Corporate Controller & Chief Accounting Officer
AGE
49
TENURE
3.7 yrs

Ivan Winfield

TITLE
Vice President of Information Technology

David Becker

TITLE
Senior VP
AGE
56
TENURE
14.9 yrs

James Gutsch

TITLE
Senior VP of Engineering
AGE
64
TENURE
7.6 yrs

David Oswalt

TITLE
Senior VP of Finance & Treasurer
AGE
50
TENURE
5.6 yrs

Ralph Moss

TITLE
Senior VP of Governmental Affairs
AGE
72
TENURE
7.6 yrs
Board of Directors Tenure

Average tenure and age of the Seaboard board of directors in years:

13.8
Average Tenure
66
Average Age
  • The average tenure for the Seaboard board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Steven Bresky

TITLE
President
COMPENSATION
$5M
AGE
64

Dave Adamsen

TITLE
Director
COMPENSATION
$75K
AGE
66
TENURE
23.8 yrs

Douglas Baena

TITLE
Director
COMPENSATION
$85K
AGE
75
TENURE
17.8 yrs

Edward Shifman

TITLE
Director
COMPENSATION
$75K
AGE
74
TENURE
9.8 yrs

Paul Squires

TITLE
Director
COMPENSATION
$49K
AGE
63
TENURE
2.6 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
21. Nov 17 Sell Ralph Moss Individual 20. Nov 17 20. Nov 17 -25 €3,615.05 €-90,376
X
Management checks
We assess Seaboard's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Seaboard has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

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Company Info

Map
Description

Seaboard Corporation operates as a diverse agribusiness and transportation company worldwide. The company’s Pork division is involved in the hog production and pork processing activities. It provides fresh and frozen pork products to further processors, foodservice operators, grocery stores, distributors, and retail outlets. This division also produces and sells raw and pre-cooked bacon and ham under the Daily’s brand; and biodiesel from pork fat, other animal fat, or vegetable oil. Its Commodity Trading and Milling division markets wheat, corn, soybean meal, and other commodities to third parties and affiliated companies; and operates grain and feed milling, and related businesses, as well as in the ocean transportation brokerage business. The company’s Marine division provides cargo shipping services to 28 countries between the United States, the Caribbean, and Central and South America. This division operates a terminal and off-dock warehouses for cargo consolidation and temporary storage; and a cargo terminal facility that includes an on-dock warehouse space for temporary storage of bagged grains, resins, and other cargoes. Its fleet includes 20 chartered and 3 owned vessels; and dry, refrigerated, and specialized containers, as well as other related equipment. The company’s Sugar division provides refined sugar and alcohol; and purchases sugar and alcohol for resale. It also owns a 51 megawatt cogeneration power plant that is fueled by using sugarcane by-products, natural gas, and other biomass. The company’s Power division operates as an independent power producer generating electricity for the local power grid in the Dominican Republic. Its Turkey division produces, processes, and markets branded and non-branded turkey products to retail and foodservice outlets, as well as exports products to Mexico and internationally. Its Other Businesses division processes jalapeño peppers. The company was founded in 1918 and is headquartered in Merriam, Kansas.

Details
Name: Seaboard Corporation
S0V
Exchange: DB
Founded: 1918
$3,751,694,103
1,170,550
Website: http://www.seaboardcorp.com
Address: Seaboard Corporation
9000 West 67th Street,
Merriam,
Kansas, 66202,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
AMEX SEB Common Shares NYSE MKT LLC US USD 02. Jan 1968
DB S0V Common Shares Deutsche Boerse AG DE EUR 02. Jan 1968
Number of employees
Current staff
Staff numbers
11,800
Seaboard employees.
Industry
Packaged Foods and Meats
Food, Beverage & Tobacco
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2018/11/17 20:43
End of day share price update: 2018/11/16 00:00
Last earnings filing: 2018/10/31
Last earnings reported: 2018/09/29
Last annual earnings reported: 2017/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.