Sanford Limited

NZSE:SAN Stock Report

Market Cap: NZ$673.2m

Sanford Management

Management criteria checks 3/4

Sanford's CEO is David Mair, appointed in May 2024, has a tenure of 2.08 years. total yearly compensation is NZ$1.05M, comprised of 85.3% salary and 14.7% bonuses, including company stock and options. directly owns 0.017% of the company’s shares, worth NZ$111.62K. The average tenure of the management team and the board of directors is 3.4 years and 2.5 years respectively.

Key information

David Mair

Chief executive officer

NZ$1.1m

Total compensation

CEO salary percentage85.32%
CEO tenure2.1yrs
CEO ownership0.02%
Management average tenure3.4yrs
Board average tenure2.5yrs

Recent management updates

Recent updates

Analysis Article • Nov 21

Improved Earnings Required Before Sanford Limited (NZSE:SAN) Stock's 26% Jump Looks Justified

Despite an already strong run, Sanford Limited ( NZSE:SAN ) shares have been powering on, with a gain of 26% in the...
Analysis Article • Nov 20

Sanford Limited Just Beat EPS By 19%: Here's What Analysts Think Will Happen Next

Shareholders of Sanford Limited ( NZSE:SAN ) will be pleased this week, given that the stock price is up 13% to NZ$7.03...
Analysis Article • Nov 20

Sanford (NZSE:SAN) Is Paying Out Less In Dividends Than Last Year

Sanford Limited ( NZSE:SAN ) has announced that on 9th of December, it will be paying a dividend ofNZ$0.0588, which a...
Analysis Article • Nov 19

Sanford Limited Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

It's been a good week for Sanford Limited ( NZSE:SAN ) shareholders, because the company has just released its latest...
Analysis Article • Jun 01

Sanford (NZSE:SAN) Will Pay A Smaller Dividend Than Last Year

Sanford Limited's ( NZSE:SAN ) dividend is being reduced from last year's payment covering the same period to NZ$0.0588...
Analysis Article • Nov 27

Sanford (NZSE:SAN) Will Pay A Dividend Of NZ$0.0706

Sanford Limited's ( NZSE:SAN ) investors are due to receive a payment of NZ$0.0706 per share on 6th of December. This...
Analysis Article • Nov 16

Sanford Limited Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

Sanford Limited ( NZSE:SAN ) came out with its full-year results last week, and we wanted to see how the business is...
Analysis Article • Jun 12

We Think Sanford (NZSE:SAN) Is Taking Some Risk With Its Debt

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...
Analysis Article • Mar 17

Should We Be Excited About The Trends Of Returns At Sanford (NZSE:SAN)?

Did you know there are some financial metrics that can provide clues of a potential multi-bagger? In a perfect world...
Analysis Article • Feb 16

These 4 Measures Indicate That Sanford (NZSE:SAN) Is Using Debt Extensively

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Analysis Article • Feb 01

What Kind Of Shareholders Hold The Majority In Sanford Limited's (NZSE:SAN) Shares?

If you want to know who really controls Sanford Limited ( NZSE:SAN ), then you'll have to look at the makeup of its...
Analysis Article • Jan 17

How Much Are Sanford Limited (NZSE:SAN) Insiders Taking Off The Table?

It is not uncommon to see companies perform well in the years after insiders buy shares. The flip side of that is that...
Analysis Article • Jan 02

Sanford's(NZSE:SAN) Share Price Is Down 38% Over The Past Three Years.

In order to justify the effort of selecting individual stocks, it's worth striving to beat the returns from a market...
Analysis Article • Dec 17

Returns On Capital At Sanford (NZSE:SAN) Paint An Interesting Picture

If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
Analysis Article • Dec 02

Are Sanford's (NZSE:SAN) Statutory Earnings A Good Reflection Of Its Earnings Potential?

Many investors consider it preferable to invest in profitable companies over unprofitable ones, because profitability...
Analysis Article • Nov 17

Is Sanford (NZSE:SAN) A Risky Investment?

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...

CEO Compensation Analysis

How has David Mair's remuneration changed compared to Sanford's earnings?
DateTotal CompensationSalaryCompany Earnings
Mar 31 2026n/an/a

NZ$72m

Dec 31 2025n/an/a

NZ$68m

Sep 30 2025NZ$1mNZ$900k

NZ$64m

Jun 30 2025n/an/a

NZ$51m

Mar 31 2025n/an/a

NZ$38m

Dec 31 2024n/an/a

NZ$29m

Sep 30 2024NZ$1mNZ$375k

NZ$20m

Jun 30 2024n/an/a

NZ$17m

Mar 31 2024n/an/a

NZ$15m

Dec 31 2023n/an/a

NZ$13m

Sep 30 2023NZ$88kn/a

NZ$10m

Compensation vs Market: David's total compensation ($USD614.37K) is about average for companies of similar size in the NZ market ($USD808.10K).

Compensation vs Earnings: David's compensation has been consistent with company performance over the past year.

CEO

David Mair

2.1yrs
Tenure
NZ$1,054,807
Compensation

Mr. David William Mair, B.E., M.B.A., is Managing Director at Sanford Limited from 2024 and was its Independent Director from November 11, 2022 until May 01, 2024 and served as its Chief Executive Officer...

Leadership Team

NamePositionTenureCompensationOwnership
David Mair
MD & Executive Director2.1yrsNZ$1.05m0.017%
NZ$ 111.6k
Paul Alston
Chief Financial Officer4.7yrsno datano data
Debra Lumsden
Chief People Officer3.4yrsno datano data
Vaughan Wilkinson
Executive General Managar of Strategy & Innovationno datano datano data
Stuart Houliston
Financial Controllerno datano datano data
3.4yrs
Average Tenure

Experienced Management: SAN's management team is considered experienced (3.4 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
David Mair
MD & Executive Director3.6yrsNZ$1.05m0.017%
NZ$ 111.6k
Joanne Curin
Independent Non-Executive Director1.8yrsNZ$107.50k0.0011%
NZ$ 7.2k
Robert McLeod
Independent Non-Executive Chairman10.4yrsNZ$189.17k0.045%
NZ$ 300.4k
Antony Carter
Directorless than a yearno data0.0037%
NZ$ 25.2k
Thomas McClurg
Independent Non-Executive Director2.3yrsNZ$119.17k0.00053%
NZ$ 3.6k
Craig Ellison
Non-Executive Director4.5yrsNZ$95.83k0.0011%
NZ$ 7.2k
William Strowger
Non-Executive Director2.5yrsNZ$118.33k0.024%
NZ$ 162.0k
2.5yrs
Average Tenure

Experienced Board: SAN's board of directors are not considered experienced ( 2.5 years average tenure), which suggests a new board.

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/16 13:19
End of Day Share Price 2026/06/16 00:00
Earnings2026/03/31
Annual Earnings2025/09/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Sanford Limited is covered by 6 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Luke MillsDeutsche Bank
Matt MontgomerieForsyth Barr Group Ltd.
Paul KorauaForsyth Barr Group Ltd.