company background image
SAN

Sanford NZSE:SAN Stock Report

Last Price

NZ$4.34

Market Cap

NZ$405.8m

7D

-1.4%

1Y

-2.5%

Updated

18 May, 2022

Data

Company Financials +
SAN fundamental analysis
Snowflake Score
Valuation2/6
Future Growth4/6
Past Performance0/6
Financial Health4/6
Dividends0/6

SAN Stock Overview

Sanford Limited engages in farming, harvesting, processing, storing, and marketing of seafood products.

Sanford Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for Sanford
Historical stock prices
Current Share PriceNZ$4.34
52 Week HighNZ$5.51
52 Week LowNZ$4.32
Beta0.19
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 IPO58.18%

Recent News & Updates

Jun 12
We Think Sanford (NZSE:SAN) Is Taking Some Risk With Its Debt

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

SANNZ FoodNZ Market
7D-1.4%-1.6%-1.1%
1Y-2.5%-25.2%-13.4%

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

Is SAN's price volatile compared to industry and market?
SAN volatility
SAN Average Weekly Movement3.3%
Food Industry Average Movement4.4%
Market Average Movement4.3%
10% most volatile stocks in NZ Market7.5%
10% least volatile stocks in NZ Market2.9%

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

FoundedEmployeesCEOWebsite
1881870Peter Reidiehttps://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

How do Sanford's earnings and revenue compare to its market cap?
SAN fundamental statistics
Market CapNZ$405.82m
Earnings (TTM)NZ$16.26m
Revenue (TTM)NZ$489.63m

25.0x

P/E Ratio

0.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SAN income statement (TTM)
RevenueNZ$489.63m
Cost of RevenueNZ$420.85m
Gross ProfitNZ$68.78m
Other ExpensesNZ$52.52m
EarningsNZ$16.26m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

May 19, 2022

Earnings per share (EPS)0.17
Gross Margin14.05%
Net Profit Margin3.32%
Debt/Equity Ratio28.8%

How did SAN perform over the long term?

See historical performance and comparison

Valuation

Is Sanford undervalued compared to its fair value and its price relative to the market?

Valuation Score

2/6

Valuation 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

4/6

Future 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

0/6

Past 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

4/6

Financial 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

0/6

Dividend 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/18 00:00
End of Day Share Price2022/05/18 00:00
Earnings2021/09/30
Annual Earnings2021/09/30


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.