NZSE:SEA

Stock Analysis Report

Executive Summary

SeaDragon Limited, together with its subsidiaries, manufactures and markets refined fish oils in New Zealand and internationally.


Snowflake Analysis

Adequate balance sheet and overvalued.

Share Price & News

How has SeaDragon's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: SEA's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-50.0%

SEA

-2.1%

NZ Food

-1.1%

NZ Market


1 Year Return

-66.7%

SEA

-4.8%

NZ Food

20.2%

NZ Market

Return vs Industry: SEA underperformed the NZ Food industry which returned -3.9% over the past year.

Return vs Market: SEA underperformed the NZ Market which returned 20.2% over the past year.


Shareholder returns

SEAIndustryMarket
7 Day-50.0%-2.1%-1.1%
30 Day-50.0%-4.0%-1.3%
90 Day0%-1.1%5.3%
1 Year-66.7%-66.7%-3.7%-4.8%25.0%20.2%
3 Year-81.7%-83.3%56.2%43.2%57.4%37.0%
5 Year-94.4%-95.7%110.6%72.4%93.6%50.5%

Price Volatility Vs. Market

How volatile is SeaDragon's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

0.47x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate SEA's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate SEA's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: SEA is unprofitable, so we can't compare its PE Ratio to the Food industry average.

PE vs Market: SEA is unprofitable, so we can't compare its PE Ratio to the NZ market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate SEA's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: SEA is good value based on its PB Ratio (0.5x) compared to the NZ Food industry average (1.2x).


Next Steps

Future Growth

How is SeaDragon forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

14.9%

Forecasted Food, Beverage & Tobacco industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as SeaDragon has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has SeaDragon performed over the past 5 years?

-23.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SEA is currently unprofitable.

Growing Profit Margin: SEA is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: SEA is unprofitable, and losses have increased over the past 5 years at a rate of -23.5% per year.

Accelerating Growth: Unable to compare SEA's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: SEA is unprofitable, making it difficult to compare its past year earnings growth to the Food industry (-9.7%).


Return on Equity

High ROE: SEA has a negative Return on Equity (-81.56%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is SeaDragon's financial position?


Financial Position Analysis

Short Term Liabilities: SEA's short term assets (NZ$3.3M) exceed its short term liabilities (NZ$1.5M).

Long Term Liabilities: SEA's short term assets (NZ$3.3M) exceed its long term liabilities (NZ$2.2M).


Debt to Equity History and Analysis

Debt Level: SEA is debt free.

Reducing Debt: SEA has no debt compared to 5 years ago when its debt to equity ratio was 0.3%.


Balance Sheet

Inventory Level: SEA has a high level of physical assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if SEA's debt is covered by short term assets.


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: SEA has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: SEA has less than a year of cash runway if free cash flow continues to reduce at historical rates of -4.8% each year


Next Steps

Dividend

What is SeaDragon's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%2.9%markettop25%5.5%industryaverage4.4%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate SEA's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate SEA's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if SEA's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if SEA's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of SEA's dividend in 3 years as they are not forecast to pay a notable one for the NZ market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.4yrs

Average board tenure


CEO

Nevin Amos 0

3.3yrs

Tenure

0

Dr. Nevin Amos, B. Hort Sci (Hons), Ph.D. has been Chief Executive of SeaDragon Limited since October 2016. Dr. Amos served as General Manager of Asia at Comvita Limited from September 2014 to January 2015 ...


Board Members

NamePositionTenureCompensationOwnership
Jeremy Curnock-Cook
Alternate Director4.5yrsno datano data
Bryan Mogridge
Independent Chairman0.8yrsNZ$8.00kno data
Stuart Macintosh
Non-Executive Director4.7yrsNZ$24.00k9.05% NZ$438.4k
Mark Stewart
Non-Executive Director2.3yrsNZ$24.00kno data
Warwick Webb
Alternate Director2.3yrsno datano data
Matthew McNamara
Non-Executive Director7.3yrsNZ$24.00kno data
Colin Groves
Independent Non-Executive Director4.7yrsNZ$106.00k0.62% NZ$30.0k
Mark Sadd
Non-Executive Director2.3yrsNZ$24.00kno data

3.4yrs

Average Tenure

Experienced Board: SEA's board of directors are considered experienced (3.4 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.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 7.8%.


Top Shareholders

Company Information

SeaDragon Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: SeaDragon Limited
  • Ticker: SEA
  • Exchange: NZSE
  • Founded: 1986
  • Industry: Packaged Foods and Meats
  • Sector: Food, Beverage & Tobacco
  • Market Cap: NZ$4.843m
  • Shares outstanding: 4.84b
  • Website: https://www.seadragon.co.nz

Number of Employees


Location

  • SeaDragon Limited
  • 12 Nayland Road
  • Stoke
  • Nelson
  • 7011
  • New Zealand

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SEANZSE (New Zealand Stock Exchange)YesOrdinary SharesNZNZDOct 2012

Biography

SeaDragon Limited, together with its subsidiaries, manufactures and markets refined fish oils in New Zealand and internationally. The company engages in the processing of fish oils into marine bioactive compounds; and offers Omega-2 and Omega-3 fish oil products. It is also involved in fish oil blending activities. The company primarily serves health supplement manufacturers. SeaDragon Limited was incorporated in 1986 and is based in Nelson, New Zealand. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/25 10:40
End of Day Share Price2020/02/24 00:00
Earnings2019/09/30
Annual Earnings2019/03/31


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.