Sanford
Sanford Limited engages in farming, harvesting, processing, storing, and marketing seafood products. The last earnings update was 125 days ago. More info.
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SAN Share Price and Events
7 Day Returns
1 Year Returns
SAN Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Sanford (SAN) | 0% | -3% | 0.3% | -15% | 4.8% | 46.1% |
| NZ Food | -1.3% | 2.6% | 12.8% | -7.9% | 61.1% | 63.7% |
| NZ Market | 0.7% | 1.2% | 5.8% | 6% | 22.4% | 43.5% |
1 Year Return vs Industry and Market
- SAN underperformed the Food industry which returned -7.9% over the past year.
- SAN underperformed the Market in New Zealand which returned 6% over the past year.
Value
Is Sanford 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
Sanford
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.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Sanford.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 3 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 7.1% |
| Perpetual Growth Rate | 10-Year NZ Government Bond Rate | 2.4% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year NZ Govt Bond Rate | 2.4% |
| Equity Risk Premium | S&P Global | 6% |
| Food Unlevered Beta | Simply Wall St/ S&P Global | 0.56 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.561 (1 + (1- 28%) (25.66%)) |
0.775 |
| 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)
= 2.37% + (0.8 * 5.96%) |
7.14% |
Discounted Cash Flow Calculation for NZSE:SAN using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Sanford is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.
| Levered FCF (NZD, Millions) | Source |
Present Value Discounted (@ 7.14%) |
|
|---|---|---|---|
| 2019 | 16.00 | Analyst x1 | 14.93 |
| 2020 | 23.00 | Analyst x1 | 20.04 |
| 2021 | 31.00 | Analyst x1 | 25.21 |
| 2022 | 53.40 | Analyst x1 | 40.53 |
| 2023 | 76.80 | Analyst x1 | 54.41 |
| 2024 | 96.68 | Est @ 25.89% | 63.93 |
| 2025 | 114.89 | Est @ 18.83% | 70.91 |
| 2026 | 130.85 | Est @ 13.89% | 75.38 |
| 2027 | 144.51 | Est @ 10.44% | 77.70 |
| 2028 | 156.10 | Est @ 8.02% | 78.34 |
| Present value of next 10 years cash flows | NZ$521.36 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= NZ$156.10 × (1 + 2.37%) ÷ (7.14% – 2.37%) |
NZ$3,351.44 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= NZ$3,351.44 ÷ (1 + 7.14%)10 |
NZ$1,681.89 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= NZ$521.36 + NZ$1,681.89 |
NZ$2,203.24 |
| Equity Value per Share (NZD) |
= Total value / Shares Outstanding
= NZ$2,203.24 / 93.51 |
NZ$23.56 |
| Calculation | Result | |
|---|---|---|
| Value per share (NZD) | From above. | NZ$23.56 |
| Current discount | Discount to share price of
NZ$6.50
= -1 x (NZ$6.50 - NZ$23.56) / NZ$23.56 |
72.4% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- Sanford's share price is below the future cash flow value, and at a moderate discount (> 20%).
- Sanford's share price is below the future cash flow value, and at a substantial discount (> 40%).
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 Sanford's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Sanford's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-09-30) in NZD | NZ$0.45 |
| NZSE:SAN Share Price ** | NZSE (2019-03-20) in NZD | NZ$6.5 |
| New Zealand Food Industry PE Ratio | Median Figure of 10 Publicly-Listed Food Companies | 21.65x |
| New Zealand Market PE Ratio | Median Figure of 89 Publicly-Listed Companies | 17.1x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Sanford.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NZSE:SAN Share Price ÷ EPS (both in NZD) = 6.5 ÷ 0.45 |
14.37x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Sanford is good value based on earnings compared to the NZ Food industry average.
- Sanford is good value based on earnings compared to the New Zealand market.
Price based on expected Growth
Does
Sanford's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 14.37x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts |
14.5%per year |
| New Zealand Food Industry PEG Ratio | Median Figure of 7 Publicly-Listed Food Companies | 1.05x |
| New Zealand Market PEG Ratio | Median Figure of 66 Publicly-Listed Companies | 1.42x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 14.37x ÷ 14.5% |
0.99x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Sanford is good value based on expected growth next year.
Price based on value of assets
What value do investors place on
Sanford's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-09-30) in NZD | NZ$6.22 |
| NZSE:SAN Share Price * | NZSE (2019-03-20) in NZD | NZ$6.5 |
| New Zealand Food Industry PB Ratio | Median Figure of 13 Publicly-Listed Food Companies | 1.14x |
| New Zealand Market PB Ratio | Median Figure of 126 Publicly-Listed Companies | 1.52x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NZSE:SAN Share Price ÷ Book Value per Share (both in NZD) = 6.5 ÷ 6.22 |
1.05x |
* Primary Listing of Sanford.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Sanford is good value based on assets compared to the NZ Food industry average.
Value checks
We assess Sanford's value by looking at:- 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. )
- Is the PE ratio less than the market average, and/ or less than the Food industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Food industry average (and greater than 0)? (1 check) Sanford has a total score of 6/6, 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 Sanford expected to perform in the next 1 to 3 years based on estimates from 3 analysts?
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!
Earnings growth vs Low Risk Savings
- Sanford's earnings growth is expected to exceed the low risk savings rate of 2.4%.
Growth vs Market Checks
- Sanford's earnings growth is expected to exceed the New Zealand market average.
- Sanford's revenue growth is expected to exceed the New Zealand market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NZSE:SAN Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts | 14.5% |
| NZSE:SAN Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts | 6.3% |
| New Zealand Food Industry Earnings Growth Rate | Market Cap Weighted Average | 19.1% |
| New Zealand Food Industry Revenue Growth Rate | Market Cap Weighted Average | 15.4% |
| New Zealand Market Earnings Growth Rate | Market Cap Weighted Average | 5.9% |
| New Zealand Market Revenue Growth Rate | Market Cap Weighted Average | 4.9% |
*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
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (5 months ago) | See Below |
| Future Estimates | Average of up to 3 Analyst Estimates (S&P Global) | See Below |
| Date (Data in NZD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-09-30 | 717 | 112 | 90 | 1 |
| 2022-09-30 | 656 | 93 | 73 | 1 |
| 2021-09-30 | 591 | 76 | 55 | 3 |
| 2020-09-30 | 556 | 68 | 48 | 3 |
| 2019-09-30 | 532 | 61 | 44 | 3 |
| Date (Data in NZD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-09-30 | 515 | 73 | 42 |
| 2018-06-30 | 518 | 68 | 44 |
| 2018-03-31 | 520 | 62 | 46 |
| 2017-12-31 | 499 | 56 | 42 |
| 2017-09-30 | 478 | 50 | 37 |
| 2017-06-30 | 476 | 47 | 38 |
| 2017-03-31 | 474 | 43 | 39 |
| 2016-12-31 | 469 | 39 | 38 |
| 2016-09-30 | 463 | 34 | 38 |
| 2016-06-30 | 455 | 32 | |
| 2016-03-31 | 446 | 55 | 26 |
| 2015-12-31 | 443 | 55 | 25 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (5 months ago) | See Below |
| Future Estimates | Average of up to 3 Analyst Estimates (S&P Global) | See Below |
All data from Sanford Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in NZD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-09-30 | ||||
| 2022-09-30 | ||||
| 2021-09-30 | 0.60 | 0.64 | 0.55 | 3.00 |
| 2020-09-30 | 0.51 | 0.53 | 0.49 | 3.00 |
| 2019-09-30 | 0.47 | 0.48 | 0.45 | 3.00 |
| Date (Data in NZD Millions) | EPS * |
|---|---|
| 2018-09-30 | 0.45 |
| 2018-06-30 | 0.47 |
| 2018-03-31 | 0.49 |
| 2017-12-31 | 0.44 |
| 2017-09-30 | 0.40 |
| 2017-06-30 | 0.41 |
| 2017-03-31 | 0.41 |
| 2016-12-31 | 0.41 |
| 2016-09-30 | 0.40 |
| 2016-06-30 | 0.34 |
| 2016-03-31 | 0.27 |
| 2015-12-31 | 0.27 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess Sanford's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the New Zealand market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the New Zealand market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Sanford has a total score of 3/6, 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 Sanford 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
Past Earnings growth analysis
- Sanford's year on year earnings growth rate has been positive over the past 5 years.
- Sanford's 1-year earnings growth is less than its 5-year average (12.9% vs 14.3%)
- Sanford's earnings growth has not exceeded the NZ Food industry average in the past year (12.9% vs 22.9%).
Earnings and Revenue History
All data from Sanford Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in NZD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-09-30 | 514.98 | 42.30 | 48.95 | |
| 2018-06-30 | 517.66 | 44.01 | 48.15 | |
| 2018-03-31 | 520.35 | 45.71 | 47.36 | |
| 2017-12-31 | 499.15 | 41.60 | 47.57 | |
| 2017-09-30 | 477.94 | 37.49 | 47.79 | |
| 2017-06-30 | 476.19 | 38.07 | 48.99 | |
| 2017-03-31 | 474.43 | 38.66 | 50.19 | |
| 2016-12-31 | 468.95 | 38.24 | 49.30 | |
| 2016-09-30 | 463.47 | 37.83 | 48.41 | |
| 2016-06-30 | 454.59 | 31.75 | 48.75 | |
| 2016-03-31 | 445.72 | 25.68 | 49.09 | |
| 2015-12-31 | 442.51 | 25.06 | 49.51 | |
| 2015-09-30 | 439.30 | 24.44 | 49.92 | |
| 2015-03-31 | 429.50 | 38.91 | 47.19 | |
| 2014-12-31 | 435.84 | 36.30 | 45.70 | |
| 2014-09-30 | 442.17 | 33.68 | 44.20 | |
| 2014-06-30 | 450.38 | 20.26 | 43.50 | |
| 2014-03-31 | 443.73 | 18.09 | 41.56 | |
| 2013-12-31 | 453.19 | 19.22 | 42.80 | |
| 2013-09-30 | 462.64 | 20.36 | 44.05 | |
| 2013-06-30 | 468.44 | 20.35 | 45.70 | |
| 2013-03-31 | 474.23 | 20.34 | 47.35 | |
| 2012-12-31 | 467.09 | 19.98 | 46.57 | |
| 2012-09-30 | 459.96 | 19.62 | 45.78 | |
| 2012-06-30 | 463.09 | 21.06 | 43.89 | |
| 2012-03-31 | 466.23 | 22.50 | 41.99 |
*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.
- Sanford has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Sanford used its assets less efficiently than the NZ Food industry average last year based on Return on Assets.
- Sanford has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess Sanford's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Food industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Sanford has a total score of 2/6, 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 Sanford'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 Sanford's finances.
The net worth of a company is the difference between its assets and liabilities.
- Sanford is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Sanford's cash and other short term assets cover its long term commitments.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is covered by short term assets, assets are 1x 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.
All data from Sanford Company Filings, last reported 5 months ago.
| Date (Data in NZD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-09-30 | 581.93 | 155.00 | 2.63 |
| 2018-06-30 | 581.93 | 155.00 | 2.63 |
| 2018-03-31 | 588.13 | 186.20 | 5.06 |
| 2017-12-31 | 588.13 | 186.20 | 5.06 |
| 2017-09-30 | 575.84 | 186.57 | 5.15 |
| 2017-06-30 | 575.84 | 186.57 | 5.15 |
| 2017-03-31 | 563.46 | 202.17 | 5.38 |
| 2016-12-31 | 563.46 | 202.17 | 5.38 |
| 2016-09-30 | 558.14 | 177.54 | 3.59 |
| 2016-06-30 | 558.14 | 177.54 | 3.59 |
| 2016-03-31 | 537.47 | 187.08 | 8.64 |
| 2015-12-31 | 537.47 | 187.08 | 8.64 |
| 2015-09-30 | 513.07 | 155.72 | 5.96 |
| 2015-03-31 | 537.61 | 204.36 | 5.23 |
| 2014-12-31 | 537.61 | 204.36 | 5.23 |
| 2014-09-30 | 545.84 | 179.36 | 3.75 |
| 2014-06-30 | 545.84 | 179.36 | 3.75 |
| 2014-03-31 | 555.38 | 200.24 | 10.65 |
| 2013-12-31 | 555.38 | 200.24 | 10.65 |
| 2013-09-30 | 554.91 | 177.47 | 6.45 |
| 2013-06-30 | 554.91 | 177.47 | 6.45 |
| 2013-03-31 | 557.69 | 187.14 | 2.12 |
| 2012-12-31 | 557.69 | 187.14 | 2.12 |
| 2012-09-30 | 554.69 | 169.00 | 3.35 |
| 2012-06-30 | 554.69 | 169.00 | 3.35 |
| 2012-03-31 | 554.54 | 198.67 | 2.70 |
- Sanford's level of debt (26.6%) compared to net worth is satisfactory (less than 40%).
- The level of debt compared to net worth has been reduced over the past 5 years (32% vs 26.6% today).
- Debt is well covered by operating cash flow (46.9%, greater than 20% of total debt).
- Interest payments on debt are well covered by earnings (EBIT is 7.5x coverage).
Financial health checks
We assess Sanford's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Sanford has a total score of 6/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- 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 Sanford'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
If you bought
NZ$2,000 of
Sanford
shares you are expected to receive
NZ$71
in your first year as a dividend.
Dividend Amount
- Sanford's pays a higher dividend yield than the bottom 25% of dividend payers in New Zealand (3.31%).
- Sanford's dividend is below the markets top 25% of dividend payers in New Zealand (5.87%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 3 Analyst Estimates (S&P Global) | See Below |
| New Zealand Food Industry Average Dividend Yield | Market Cap Weighted Average of 8 Stocks | 3.6% |
| New Zealand Market Average Dividend Yield | Market Cap Weighted Average of 76 Stocks | 4% |
| New Zealand Minimum Threshold Dividend Yield | 10th Percentile | 1.9% |
| New Zealand Bottom 25% Dividend Yield | 25th Percentile | 3.3% |
| New Zealand Top 25% Dividend Yield | 75th Percentile | 5.9% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in NZ$) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2023-09-30 | ||
| 2022-09-30 | ||
| 2021-09-30 | 0.24 | 3.00 |
| 2020-09-30 | 0.23 | 3.00 |
| 2019-09-30 | 0.23 | 3.00 |
| Date (Data in NZ$) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2018-11-15 | 0.230 | 3.429 |
| 2017-11-15 | 0.230 | 2.959 |
| 2016-11-16 | 0.230 | 3.190 |
| 2015-11-18 | 0.230 | 3.902 |
| 2014-11-19 | 0.230 | 4.621 |
| 2014-10-15 | 0.230 | 4.535 |
| 2013-11-20 | 0.230 | 5.295 |
| 2012-11-28 | 0.230 | 5.117 |
| 2012-05-30 | 0.230 | 5.665 |
| 2011-11-30 | 0.230 | 5.594 |
| 2010-11-24 | 0.230 | 4.603 |
| 2009-11-25 | 0.230 | 5.281 |
| 2009-03-23 | 0.230 | 4.383 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Dividends per share have been stable in the past 10 years.
- No dividend growth in 10 years.
Current Payout to shareholders
What portion of
Sanford's earnings are
paid
to the shareholders as a dividend.
- Dividends paid are covered by earnings (2x coverage).
- Dividends after 3 years are expected to be well covered by earnings (2.5x coverage).
Income/ dividend checks
We assess Sanford's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 1.9%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Sanford afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Sanford has a total score of 4/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
Management
CEO
| TENURE AS CEO | 5.3 years |
CEO Bio
Mr. Kuntzsch Volker, MSc has been the Chief Executive Officer of Sanford Limited since December 2013. Mr. Volker's distinguished international career in the fishing industry spanning 25 years. He served as the President and Chief Executive Officer of King & Prince Seafood Corporation. He served as the President of Nissui U.S.A. He was formerly the President of Nippon Suisan (USA). He served as an Executive Officer of Nippon Suisan Kaisha Ltd. He served as Global Marketing Director for Nippon Suisan Kaisha Ltd, Tokyo, Managing Director of Hangana Seafood, Namibia and senior roles with Unilever Europe in Germany and the United Kingdom. His international track record and global reputation in the industry, emphasising his background in a wide range of challenging senior management roles. His experience and achievements in developing awareness of seafood sustainability through development of Marine Stewardship Council (MSC). Mr. Volker was educated in South Africa where he gained a Master of Science from the University of Stellenbosch.
CEO Compensation
- Insufficient data for Volker to compare compensation growth.
- Insufficient data for Volker to establish whether their remuneration is reasonable compared to companies of similar size in New Zealand.
Management Team Tenure
Average tenure of the Sanford management team in years:
- The tenure for the Sanford management team is about average.
Management Team
Volker Kuntzsch
Chief Executive Officer
5.3 yrs
Clement Chia
Chief Financial Officer
4.5 yrs
Karen Duffy
Chief People Officer
Andre Gargiulo
Chief Customer Officer
3.1 yrs
Stuart Houliston
Financial Controller
Dean McIntosh
General Manager of Risk and Corporate Affairs
Board of Directors Tenure
Average tenure of the Sanford board of directors in years:
- The average tenure for the Sanford board of directors is less than 3 years, this suggests a new board.
Board of Directors
Paul Norling
Chairman
NZ$167K
4.2 yrs
Rob McLeod
Deputy Chair
NZ$79K
1.2 yrs
Abby Foote
Director
1.2 yrs
Peter Goodfellow
Non-Executive Director
NZ$90K
12.9 yrs
Peter Kean
Independent Non-Executive Director
NZ$101K
4.3 yrs
Peter Cullinane
Independent Non-Executive Director
0.2 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (NZ$) | Value (NZ$) | |
|---|---|---|---|---|---|---|---|---|---|---|
Management checks
We assess Sanford's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Sanford 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
Simply Wall St News
How Do Sanford Limited’s (NZSE:SAN) Returns Compare To Its Industry?
Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … What is Return On Capital Employed (ROCE)? … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.
Simply Wall St - – Full articleDoes Sanford Limited's (NZSE:SAN) Recent Track Record Look Strong?
When Sanford Limited (NZSE:SAN) released its most recent earnings update (30 September 2018), I wanted to understand how these figures stacked up against its past performance. … The two benchmarks I used were Sanford's average earnings over the past couple of years, and its industry performance. … However, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of 14%, indicating the rate at which SAN is growing has slowed down
Simply Wall St - – Full articleUnderstanding Your Return On Investment In Sanford Limited (NZSE:SAN)
and want to better understand how you can grow your money by investing in Sanford Limited (NZSE:SAN). … As a result, your investment is being put to work to fund operations and if you want to earn an attractive return on your investment, the business needs to be making an adequate amount of money from the funds you provide. … Your return is tied to SAN’s ability to do this because the amount earned is used to invest in opportunities to grow the business or payout dividends, which are the two sources of return on investment.
Simply Wall St - – Full articleIs Sanford Limited (NZSE:SAN) A Smart Pick For Income Investors?
Over the past 10 years, Sanford Limited (NZSE:SAN) has returned an average of 4.00% per year to shareholders in terms of dividend yield. … Does Sanford tick all the boxes of a great dividend stock? … How I analyze a dividend stock
Simply Wall St - – Full articleHow Do Analysts See Sanford Limited (NZSE:SAN) Performing Over The Next Year?
Since Sanford Limited (NZSE:SAN) released its earnings in March 2018,. … in-line with its track record, as upcoming earnings growth is expected to be 12.42% next year, similar to the range of average earnings growth for the past five years of 12.64% per year … Below is a brief commentary around Sanford's earnings outlook going forward, which may give you a sense of market sentiment for the company.
Simply Wall St - – Full articleWhat You Must Know About Sanford Limited's (NZSE:SAN) Financial Strength
While small-cap stocks, such as Sanford Limited (NZSE:SAN) with its market cap of NZ$724.67m, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn. … Evaluating financial health as part of your investment thesis is. … Here are a few basic checks that are good enough to have a broad overview of the company’s financial strength.
Simply Wall St - – Full articleIs Sanford Limited (NZSE:SAN) A Sell At Its Current PE Ratio?
SAN's current PE is 15.85x based on past earnings,. … Yes, this sober multiple may convince you to look elsewhere, but there are many company-specific elements which are not captured in such a static ratio – such as its growth outlook and debt obligations … This article will cover some key aspects we should consider in order to determine the best multiple to be used for
Simply Wall St - – Full articleIs Sanford Limited's (NZSE:SAN) PE Ratio A Signal To Buy For Investors?
and want to better understand how you can grow your money by investing in Sanford Limited (NZSE:SAN). … Sanford Limited (NZSE:SAN) is currently trading at a trailing P/E of 15.5x, which is lower than the industry average of 16.2x. … Although some investors may jump to the conclusion that this is a great buying opportunity, understanding the assumptions behind the P/E ratio might change your mind
Simply Wall St - – Full articleRead This Before Buying Sanford Limited (NZE:SAN) For Its Upcoming $0.11 Dividend
Check out our latest analysis for Sanford How I analyze a dividend stock When assessing a stock as a potential addition to my dividend Portfolio, I look at these five areas: Does it pay an annual yield higher than 75% of dividend payers? … The current trailing twelve-month payout ratio for the stock is 47.05%, which means that the dividend is covered by earnings. … In the near future, analysts are predicting a payout ratio of 45.17%, leading to a dividend yield of around 3.67%.
Simply Wall St - – Full articleShould Sanford Limited (NZE:SAN) Be Part Of Your Dividend Portfolio?
The company currently pays out a dividend yield of 2.97% to shareholders, making it a relatively attractive dividend stock. … View our latest analysis for Sanford 5 checks you should do on a dividend stock When assessing a stock as a potential addition to my dividend Portfolio, I look at these five areas: Is its annual yield among the top 25% of dividend payers? … The company currently pays out 47.05% of its earnings as a dividend, according to its trailing twelve-month data, which means that the dividend is covered by earnings.
Simply Wall St - – Full articleCompany Info
Description
Sanford Limited engages in farming, harvesting, processing, storing, and marketing seafood products. It operates through Wildcatch and Aquaculture segments. The company catches and processes inshore and deep water fish species, as well as farms, harvests, and processes mussels and salmon, as well as oyster. It also provides auction, wharf, and research services; and retails and wholesales seafood. The company operates in New Zealand and Australia; Europe; North America; Japan, China, Hong Kong, South Korea, and the rest of Asia; Africa; the Middle East; the Pacific; and internationally. Sanford Limited was founded in 1881 and is headquartered in Auckland, New Zealand.
Details
| Name: | Sanford Limited |
| SAN | |
| Exchange: | NZSE |
| Founded: | 1881 |
| NZ$604,049,645 | |
| 93,506,137 | |
| Website: | http://www.sanford.co.nz |
| Address: |
Sanford Limited 22 Jellicoe Street, Freemans Bay, Auckland, 1010, New Zealand |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NZSE | SAN | Ordinary Shares | New Zealand Stock Exchange | NZ | NZD | 01. Jan 1992 | |
| OTCPK | SARD.F | Ordinary Shares | Pink Sheets LLC | US | USD | 01. Jan 1992 |
Number of employees
Current staff
Industry
| Packaged Foods and Meats | |
| Food, Beverage & Tobacco |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/03/20 10:32 |
| End of day share price update: | 2019/03/20 00:00 |
| Last estimates confirmation: | 2019/03/17 |
| Last earnings filing: | 2018/11/15 |
| Last earnings reported: | 2018/09/30 |
| Last annual earnings reported: | 2018/09/30 |
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.
