| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 4/6 |
| Past Performance | 0/6 |
| Financial Health | 4/6 |
| Dividends | 0/6 |
SAN Stock Overview
Sanford Limited engages in farming, harvesting, processing, storing, and marketing of seafood products.
Sanford Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | NZ$4.34 |
| 52 Week High | NZ$5.51 |
| 52 Week Low | NZ$4.32 |
| Beta | 0.19 |
| 1 Month Change | -7.07% |
| 3 Month Change | -8.44% |
| 1 Year Change | -2.47% |
| 3 Year Change | -35.70% |
| 5 Year Change | -38.87% |
| Change since IPO | 58.18% |
Recent News & Updates
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...
Shareholder Returns
| SAN | NZ Food | NZ Market | |
|---|---|---|---|
| 7D | -1.4% | -1.0% | 0.4% |
| 1Y | -2.5% | -25.0% | -13.3% |
Return vs Industry: SAN exceeded the NZ Food industry which returned -25.2% over the past year.
Return vs Market: SAN exceeded the NZ Market which returned -13.4% over the past year.
Price Volatility
| SAN volatility | |
|---|---|
| SAN Average Weekly Movement | 3.3% |
| Food Industry Average Movement | 4.4% |
| Market Average Movement | 4.3% |
| 10% most volatile stocks in NZ Market | 7.4% |
| 10% least volatile stocks in NZ Market | 2.9% |
Stable Share Price: SAN is less volatile than 75% of NZ stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: SAN's weekly volatility (3%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1881 | 870 | Peter Reidie | https://www.sanford.co.nz |
Sanford Limited engages in farming, harvesting, processing, storing, and marketing of seafood products. It operates through Wildcatch and Aquaculture segments. The company catches and processes inshore and deepwater fish species, as well as farms, harvests, and processes mussels and salmon.
Sanford Fundamentals Summary
| SAN fundamental statistics | |
|---|---|
| Market Cap | NZ$405.82m |
| Earnings (TTM) | NZ$16.26m |
| Revenue (TTM) | NZ$489.63m |
25.0x
P/E Ratio0.8x
P/S RatioIs SAN overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| SAN income statement (TTM) | |
|---|---|
| Revenue | NZ$489.63m |
| Cost of Revenue | NZ$420.85m |
| Gross Profit | NZ$68.78m |
| Other Expenses | NZ$52.52m |
| Earnings | NZ$16.26m |
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
May 19, 2022
| Earnings per share (EPS) | 0.17 |
| Gross Margin | 14.05% |
| Net Profit Margin | 3.32% |
| Debt/Equity Ratio | 28.8% |
How did SAN perform over the long term?
See historical performance and comparisonValuation
Is Sanford undervalued compared to its fair value and its price relative to the market?
Valuation Score
2/6Valuation Score 2/6
Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry
24.95x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: SAN (NZ$4.34) is trading above our estimate of fair value (NZ$3.34)
Significantly Below Fair Value: SAN is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: SAN is poor value based on its PE Ratio (25x) compared to the NZ Food industry average (14.1x).
PE vs Market: SAN is poor value based on its PE Ratio (25x) compared to the NZ market (17.3x).
Price to Earnings Growth Ratio
PEG Ratio: SAN is good value based on its PEG Ratio (0.9x)
Price to Book Ratio
PB vs Industry: SAN is good value based on its PB Ratio (0.6x) compared to the NZ Food industry average (0.9x).
Future Growth
How is Sanford forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Future Growth Score
4/6Future Growth Score 4/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
27.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SAN's forecast earnings growth (27.2% per year) is above the savings rate (2%).
Earnings vs Market: SAN's earnings (27.2% per year) are forecast to grow faster than the NZ market (6.6% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: SAN's revenue (5.2% per year) is forecast to grow faster than the NZ market (5.2% per year).
High Growth Revenue: SAN's revenue (5.2% 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 (5.6%).
Past Performance
How has Sanford performed over the past 5 years?
Past Performance Score
0/6Past Performance Score 0/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
-13.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SAN has a large one-off gain of NZ$12.9M impacting its September 30 2021 financial results.
Growing Profit Margin: SAN's current net profit margins (3.3%) are lower than last year (4.1%).
Past Earnings Growth Analysis
Earnings Trend: SAN's earnings have declined by 13.6% 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 (-16.3%) over the past year, making it difficult to compare to the Food industry average (4.8%).
Return on Equity
High ROE: SAN's Return on Equity (2.6%) is considered low.
Financial Health
How is Sanford's financial position?
Financial Health Score
4/6Financial Health Score 4/6
Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage
Financial Position Analysis
Short Term Liabilities: SAN's short term assets (NZ$208.5M) exceed its short term liabilities (NZ$118.5M).
Long Term Liabilities: SAN's short term assets (NZ$208.5M) exceed its long term liabilities (NZ$187.7M).
Debt to Equity History and Analysis
Debt Level: SAN's net debt to equity ratio (28.2%) is considered satisfactory.
Reducing Debt: SAN's debt to equity ratio has reduced from 31.7% to 28.8% over the past 5 years.
Debt Coverage: SAN's debt is not well covered by operating cash flow (17.7%).
Interest Coverage: SAN's interest payments on its debt are not well covered by EBIT (1.8x coverage).
Balance Sheet
Dividend
What is Sanford current dividend yield, its reliability and sustainability?
Dividend Score
0/6Dividend Score 0/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage
2.61%
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate SAN's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate SAN'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 SAN's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if SAN's dividend payments have been increasing.
Earnings Payout to Shareholders
Earnings Coverage: SAN is not paying a notable dividend for the NZ market.
Cash Payout to Shareholders
Cash Flow Coverage: Unable to calculate sustainability of dividends as SAN has not reported any payouts.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.8yrs
Average board tenure
CEO
Peter Reidie
1.08yrs
Tenure
Mr. Peter Robertson Reidie has been Chief Executive Officer of Sanford Limited since April 6, 2021. He served as the Chief Executive Officer of Farmlands Co-operative Society Limited until April 6, 2021. M...
Board Members
Experienced Board: SAN's board of directors are considered experienced (3.8 years average tenure).
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.
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 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
- Implied Market Cap: NZ$405.817m
- 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
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/05/18 00:00 |
| End of Day Share Price | 2022/05/18 00:00 |
| Earnings | 2021/09/30 |
| Annual Earnings | 2021/09/30 |
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.