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SEK

SeekaNZSE:SEK Stock Report

Last Price

NZ$5.28

Market Cap

NZ$197.2m

7D

1.0%

1Y

8.9%

Updated

21 Jan, 2022

Data

Company Financials +
SEK fundamental analysis
Snowflake Score
Valuation2/6
Future Growth3/6
Past Performance4/6
Financial Health3/6
Dividends4/6

SEK Stock Overview

Seeka Limited, together with its subsidiaries, provides orchard lease and management, and post harvest services to the horticulture industry primarily in New Zealand.

Price History & Performance

Summary of all time highs, changes and price drops for Seeka
Historical stock prices
Current Share PriceNZ$5.28
52 Week HighNZ$5.68
52 Week LowNZ$4.66
Beta0.74
1 Month Change0.57%
3 Month Change2.92%
1 Year Change8.87%
3 Year Change24.53%
5 Year Change16.30%
Change since IPO8.87%

Recent News & Updates

Jun 02
Is Seeka (NZSE:SEK) A Risky Investment?

Is Seeka (NZSE:SEK) A Risky Investment?

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...

Apr 06
Does Seeka (NZSE:SEK) Deserve A Spot On Your Watchlist?

Does Seeka (NZSE:SEK) Deserve A Spot On Your Watchlist?

Some have more dollars than sense, they say, so even companies that have no revenue, no profit, and a record of falling...

Shareholder Returns

SEKNZ FoodNZ Market
7D1.0%-0.4%-2.1%
1Y8.9%-34.0%-10.3%

Return vs Industry: SEK exceeded the NZ Food industry which returned -34% over the past year.

Return vs Market: SEK exceeded the NZ Market which returned -10.3% over the past year.

Price Volatility

Is SEK's price volatile compared to industry and market?
SEK volatility
SEK Average Weekly Movement1.4%
Food Industry Average Movement3.4%
Market Average Movement3.7%
10% most volatile stocks in NZ Market6.4%
10% least volatile stocks in NZ Market2.4%

Stable Share Price: SEK is less volatile than 75% of NZ stocks over the past 3 months, typically moving +/- 1% a week.

Volatility Over Time: SEK's weekly volatility (1%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1987424Michael Frankshttps://www.seeka.co.nz

Seeka Limited, together with its subsidiaries, provides orchard lease and management, and post harvest services to the horticulture industry primarily in New Zealand. It operates through Orchard Operations, Post Harvest Operations, and Retail Service Operations segments. The Orchard Operations segment offers on-orchard management services to orchard owners who produce kiwifruit, avocado, and kiwiberry crops.

Seeka Fundamentals Summary

How do Seeka's earnings and revenue compare to its market cap?
SEK fundamental statistics
Market CapNZ$197.24m
Earnings (TTM)NZ$17.34m
Revenue (TTM)NZ$297.26m

0.0x

P/E Ratio

0.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SEK income statement (TTM)
RevenueNZ$297.26m
Cost of RevenueNZ$222.16m
Gross ProfitNZ$75.10m
ExpensesNZ$57.76m
EarningsNZ$17.34m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0
Gross Margin25.26%
Net Profit Margin5.83%
Debt/Equity Ratio55.7%

How did SEK perform over the long term?

See historical performance and comparison

Dividends

4.9%

Current Dividend Yield

42%

Payout Ratio

Valuation

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

26.7%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: SEK (NZ$5.28) is trading below our estimate of fair value (NZ$7.21)

Significantly Below Fair Value: SEK is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: Insufficient data to calculate SEK's PE Ratio to determine if it is good value compared to the Oceanic Food industry average.

PE vs Market: Insufficient data to calculate SEK's PE Ratio to determine if it is good value compared to the NZ market.


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: Insufficient data to calculate SEK's PB Ratio to determine if it is good value.


Future Growth

How is Seeka forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

11.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: SEK's forecast earnings growth (11% per year) is above the savings rate (2.1%).

Earnings vs Market: SEK's earnings (11% per year) are forecast to grow faster than the NZ market (7.4% per year).

High Growth Earnings: SEK's earnings are forecast to grow, but not significantly.

Revenue vs Market: SEK's revenue (13% per year) is forecast to grow faster than the NZ market (4.8% per year).

High Growth Revenue: SEK's revenue (13% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: SEK's Return on Equity is forecast to be low in 3 years time (8.4%).


Past Performance

How has Seeka performed over the past 5 years?

12.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SEK has a large one-off gain of NZ$5.6M impacting its June 30 2021 financial results.

Growing Profit Margin: SEK's current net profit margins (5.8%) are higher than last year (5.5%).


Past Earnings Growth Analysis

Earnings Trend: SEK's earnings have grown by 12.2% per year over the past 5 years.

Accelerating Growth: SEK's earnings growth over the past year (29.4%) exceeds its 5-year average (12.2% per year).

Earnings vs Industry: SEK earnings growth over the past year (29.4%) exceeded the Food industry 2.9%.


Return on Equity

High ROE: SEK's Return on Equity (7.4%) is considered low.


Financial Health

How is Seeka's financial position?


Financial Position Analysis

Short Term Liabilities: SEK's short term assets (NZ$129.8M) do not cover its short term liabilities (NZ$130.3M).

Long Term Liabilities: SEK's short term assets (NZ$129.8M) do not cover its long term liabilities (NZ$155.2M).


Debt to Equity History and Analysis

Debt Level: SEK's net debt to equity ratio (55%) is considered high.

Reducing Debt: SEK's debt to equity ratio has reduced from 102.4% to 55.7% over the past 5 years.

Debt Coverage: SEK's debt is well covered by operating cash flow (28.6%).

Interest Coverage: SEK's interest payments on its debt are well covered by EBIT (4.1x coverage).


Balance Sheet


Dividend

What is Seeka current dividend yield, its reliability and sustainability?

4.92%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: SEK's dividend (4.92%) is higher than the bottom 25% of dividend payers in the NZ market (2.73%).

High Dividend: SEK's dividend (4.92%) is low compared to the top 25% of dividend payers in the NZ market (4.99%).


Stability and Growth of Payments

Stable Dividend: SEK's dividend payments have been volatile in the past 10 years.

Growing Dividend: SEK's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (42%), SEK's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: SEK's dividends in 3 years are forecast to be covered by earnings (62.5% payout ratio).


Next Steps

Management

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

8.2yrs

Average board tenure


CEO

Michael Franks

no data

Tenure

NZ$833,587

Compensation

Mr. Michael Franks serves as the Chief Executive Officer at Seeka Limited and served as its Chief Financial Officer and General Manager of Commercial.


CEO Compensation Analysis

Compensation vs Market: Michael's total compensation ($USD566.56K) is above average for companies of similar size in the NZ market ($USD369.90K).

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


Board Members

Experienced Board: SEK's board of directors are considered experienced (8.2 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: Insufficient data to determine if shareholders have been diluted in the past year.


Top Shareholders

Company Information

Seeka Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Seeka Limited
  • Ticker: SEK
  • Exchange: NZSE
  • Founded: 1987
  • Industry: Agricultural Products
  • Sector: Food, Beverage & Tobacco
  • Implied Market Cap: NZ$197.242m
  • Shares outstanding: 37.43m
  • Website: https://www.seeka.co.nz

Number of Employees


Location

  • Seeka Limited
  • 34 Young Road
  • RD9, Paengaroa 3189
  • Te Puke
  • 3153
  • New Zealand

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/21 12:43
End of Day Share Price2022/01/21 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.