Market Cap
NZ$733.1m
Last Updated
2020/02/19 10:33 UTC
Data Sources
Company Financials +
Executive Summary
Sanford Limited engages in farming, harvesting, processing, storing, and marketing seafood products.
Rewards
Risk Analysis
SAN passed our risk checks.
Snowflake Analysis
Flawless balance sheet average dividend payer.
Share Price & News
How has Sanford's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: SAN has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-0.6%
SAN
1.6%
NZ Food
0.3%
NZ Market
1 Year Return
17.7%
SAN
3.4%
NZ Food
21.9%
NZ Market
Return vs Industry: SAN exceeded the NZ Food industry which returned 3.4% over the past year.
Return vs Market: SAN underperformed the NZ Market which returned 21.9% over the past year.
Shareholder returns
| SAN | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.6% | 1.6% | 0.3% |
| 30 Day | -3.2% | 0.6% | -0.2% |
| 90 Day | 6.7% | 2.3% | 7.2% |
| 1 Year | 22.2%17.7% | 4.7%3.4% | 26.9%21.9% |
| 3 Year | 20.9%8.1% | 59.2%46.0% | 60.1%39.2% |
| 5 Year | 96.2%60.0% | 119.0%79.3% | 98.3%54.2% |
Price Volatility Vs. Market
How volatile is Sanford's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Sanford (NZSE:SAN) Seems To Use Debt Quite Sensibly2 weeks ago | Simply Wall St
What Kind Of Shareholder Appears On The Sanford Limited's (NZSE:SAN) Shareholder Register?1 month ago | Simply Wall St
Taking A Look At Sanford Limited's (NZSE:SAN) ROEValuation
Is Sanford undervalued compared to its fair value and its price relative to the market?
44.0%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: SAN (NZ$7.84) is trading below our estimate of fair value (NZ$14)
Significantly Below Fair Value: SAN is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: SAN is poor value based on its PE Ratio (17.6x) compared to the Food industry average (15.8x).
PE vs Market: SAN is good value based on its PE Ratio (17.6x) compared to the NZ market (19.8x).
Price to Earnings Growth Ratio
PEG Ratio: SAN is poor value based on its PEG Ratio (1.2x)
Price to Book Ratio
PB vs Industry: SAN is overvalued based on its PB Ratio (1.2x) compared to the NZ Food industry average (1.2x).
Next Steps
Future Growth
How is Sanford forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
14.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SAN's forecast earnings growth (14.4% per year) is above the savings rate (1.3%).
Earnings vs Market: SAN's earnings (14.4% per year) are forecast to grow faster than the NZ market (6.3% per year).
High Growth Earnings: SAN's earnings are forecast to grow, but not significantly.
Revenue vs Market: SAN's revenue (5.8% per year) is forecast to grow faster than the NZ market (5.1% per year).
High Growth Revenue: SAN's revenue (5.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: SAN's Return on Equity is forecast to be low in 3 years time (9.3%).
Next Steps
Past Performance
How has Sanford performed over the past 5 years?
6.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SAN has high quality earnings.
Growing Profit Margin: SAN's current net profit margins (7.6%) are lower than last year (8.2%).
Past Earnings Growth Analysis
Earnings Trend: SAN's earnings have grown by 6.6% per year over the past 5 years.
Accelerating Growth: SAN's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: SAN had negative earnings growth (-1.4%) over the past year, making it difficult to compare to the Food industry average (-9.7%).
Return on Equity
High ROE: SAN's Return on Equity (7.1%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Sanford's financial position?
Financial Position Analysis
Short Term Liabilities: SAN's short term assets (NZ$164.4M) exceed its short term liabilities (NZ$114.4M).
Long Term Liabilities: SAN's short term assets (NZ$164.4M) exceed its long term liabilities (NZ$118.7M).
Debt to Equity History and Analysis
Debt Level: SAN's debt to equity ratio (23.6%) is considered satisfactory.
Reducing Debt: SAN's debt to equity ratio has reduced from 32.7% to 23.6% over the past 5 years.
Debt Coverage: SAN's debt is well covered by operating cash flow (35%).
Interest Coverage: SAN's interest payments on its debt are well covered by EBIT (7.8x coverage).
Balance Sheet
Inventory Level: SAN has a high level of physical assets or inventory.
Debt Coverage by Assets: SAN's debt is covered by short term assets (assets are 1.2x debt).
Next Steps
Dividend
What is Sanford's current dividend yield, its reliability and sustainability?
2.93%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: SAN's dividend (2.93%) is higher than the bottom 25% of dividend payers in the NZ market (2.87%).
High Dividend: SAN's dividend (2.93%) is low compared to the top 25% of dividend payers in the NZ market (5.53%).
Stability and Growth of Payments
Stable Dividend: SAN's dividends per share have been stable in the past 10 years.
Growing Dividend: SAN's dividend payments have not increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (51.6%), SAN's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: SAN's dividends in 3 years are forecast to be well covered by earnings (34.5% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
5.4yrs
Average management tenure
CEO
Volker Kuntzsch 0
6.2yrs
Tenure
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 ...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chief Executive Officer | 6.2yrs | no data | 0.0050% NZ$36.4k | |
| Chief Financial Officer | 5.4yrs | no data | no data | |
| Chief People Officer | 0yrs | no data | no data | |
| Chief Customer Officer | 4yrs | no data | no data | |
| Financial Controller | 0yrs | no data | no data | |
| General Manager of Risk and Corporate Affairs | 0yrs | no data | no data |
5.4yrs
Average Tenure
Experienced Management: SAN's management team is seasoned and experienced (5.4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Non-Executive Chairman | 1.1yrs | NZ$78.75k | 0.0091% NZ$66.6k | |
| Independent Non-Executive Director | 5.2yrs | NZ$100.52k | 0.0053% NZ$39.2k | |
| Non-Executive Director | 13.8yrs | NZ$90.00k | 0.30% NZ$2.2m | |
| Independent Non-Executive Director | 1.1yrs | no data | 0.013% NZ$94.1k | |
| Independent Non-Executive Director | 0.08yrs | no data | no data | |
| Independent Non-Executive Director | 2.1yrs | no data | 0.013% NZ$94.1k |
1.6yrs
Average Tenure
Experienced Board: SAN's board of directors are not considered experienced ( 1.6 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: SAN insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Sanford Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Sanford Limited
- Ticker: SAN
- Exchange: NZSE
- Founded: 1881
- Industry: Packaged Foods and Meats
- Sector: Food, Beverage & Tobacco
- Market Cap: NZ$733.088m
- Shares outstanding: 93.51m
- Website: https://www.sanford.co.nz
Number of Employees
Location
- Sanford Limited
- 22 Jellicoe Street
- Freemans Bay
- Auckland
- 1010
- New Zealand
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| SAN | NZSE (New Zealand Stock Exchange) | Yes | Ordinary Shares | NZ | NZD | Jan 1992 |
| SARD.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Jan 1992 |
Biography
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.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/19 10:33 |
| End of Day Share Price | 2020/02/18 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2019/09/30 |
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.