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Seneca Foods

Nasdaq:SENE.A
Snowflake Description

Fair value with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SENE.A
Nasdaq
$238M
Market Cap
  1. Home
  2. US
  3. Food, Beverage & Tobacco
Company description

Seneca Foods Corporation provides packaged fruits and vegetables in the United States and internationally. The last earnings update was 45 days ago. More info.


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  • Seneca Foods has significant price volatility in the past 3 months.
SENE.A Share Price and Events
7 Day Returns
-15.6%
NasdaqGS:SENE.A
1.7%
US Food
2.4%
US Market
1 Year Returns
-13.7%
NasdaqGS:SENE.A
-10.2%
US Food
1.9%
US Market
SENE.A Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Seneca Foods (SENE.A) -15.6% -18.6% -14% -13.7% -27.7% -21.3%
US Food 1.7% -3.7% 0.3% -10.2% -14.1% 15.8%
US Market 2.4% 1.7% 11.9% 1.9% 38.2% 42.4%
1 Year Return vs Industry and Market
  • SENE.A underperformed the Food industry which returned -10.2% over the past year.
  • SENE.A underperformed the Market in United States of America which returned 1.9% over the past year.
Price Volatility
SENE.A
Industry
5yr Volatility vs Market

Value

 Is Seneca Foods undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Seneca Foods to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data    Our intrinsic value calculation method has changed recently, learn more here.

Below are the data sources, inputs and calculation used to determine the intrinsic value for Seneca Foods.

NasdaqGS:SENE.A Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 9.5%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:SENE.A
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Food Unlevered Beta Simply Wall St/ S&P Global 0.55
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.552 (1 + (1- 21%) (151.57%))
1.142
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.14
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.142 * 5.96%)
9.54%

Discounted Cash Flow Calculation for NasdaqGS:SENE.A using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Seneca Foods is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NasdaqGS:SENE.A DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 9.54%)
2019 33.62 Est @ 30.61% 30.69
2020 41.10 Est @ 22.25% 34.26
2021 47.84 Est @ 16.39% 36.40
2022 53.72 Est @ 12.29% 37.31
2023 58.78 Est @ 9.42% 37.28
2024 63.14 Est @ 7.42% 36.55
2025 66.94 Est @ 6.01% 35.38
2026 70.30 Est @ 5.03% 33.92
2027 73.35 Est @ 4.34% 32.31
2028 76.18 Est @ 3.86% 30.63
Present value of next 10 years cash flows $344.73
NasdaqGS:SENE.A DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $76.18 × (1 + 2.73%) ÷ (9.54% – 2.73%)
$1,149.47
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $1,149.47 ÷ (1 + 9.54%)10
$462.21
NasdaqGS:SENE.A Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $344.73 + $462.21
$806.93
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $806.93 / 9.58
$84.28
NasdaqGS:SENE.A Discount to Share Price
Calculation Result
Value per share (USD) From above. $84.28
Current discount Discount to share price of $24.30
= -1 x ($24.30 - $84.28) / $84.28
71.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Seneca Foods is available for.
Intrinsic value
>50%
Share price is $24.3 vs Future cash flow value of $84.28
Current Discount Checks
For Seneca Foods to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Seneca Foods's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Seneca Foods's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Seneca Foods's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Seneca Foods's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:SENE.A PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-29) in USD $-5.27
NasdaqGS:SENE.A Share Price ** NasdaqGS (2019-03-18) in USD $24.3
United States of America Food Industry PE Ratio Median Figure of 41 Publicly-Listed Food Companies 19.52x
United States of America Market PE Ratio Median Figure of 3,055 Publicly-Listed Companies 17.61x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Seneca Foods.

NasdaqGS:SENE.A PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:SENE.A Share Price ÷ EPS (both in USD)

= 24.3 ÷ -5.27

-4.61x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Seneca Foods is loss making, we can't compare its value to the US Food industry average.
  • Seneca Foods is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does Seneca Foods's expected growth come at a high price?
Raw Data
NasdaqGS:SENE.A PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -4.61x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
46.3%per year
United States of America Food Industry PEG Ratio Median Figure of 30 Publicly-Listed Food Companies 1.72x
United States of America Market PEG Ratio Median Figure of 2,109 Publicly-Listed Companies 1.48x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Seneca Foods, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Seneca Foods's assets?
Raw Data
NasdaqGS:SENE.A PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-29) in USD $43.79
NasdaqGS:SENE.A Share Price * NasdaqGS (2019-03-18) in USD $24.3
United States of America Food Industry PB Ratio Median Figure of 70 Publicly-Listed Food Companies 1.97x
United States of America Market PB Ratio Median Figure of 5,152 Publicly-Listed Companies 1.87x
NasdaqGS:SENE.A PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:SENE.A Share Price ÷ Book Value per Share (both in USD)

= 24.3 ÷ 43.79

0.55x

* Primary Listing of Seneca Foods.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Seneca Foods is good value based on assets compared to the US Food industry average.
X
Value checks
We assess Seneca Foods's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Food industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Food industry average (and greater than 0)? (1 check)
  5. Seneca Foods has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Seneca Foods expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Seneca Foods, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
46.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Seneca Foods expected to grow at an attractive rate?
  • Seneca Foods's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Seneca Foods's earnings growth is expected to exceed the United States of America market average.
  • Unable to compare Seneca Foods's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:SENE.A Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:SENE.A Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 46.3%
United States of America Food Industry Earnings Growth Rate Market Cap Weighted Average 16.7%
United States of America Food Industry Revenue Growth Rate Market Cap Weighted Average 2.3%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGS:SENE.A Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:SENE.A Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-29 1,328 60 -51
2018-09-29 1,311 71 -22
2018-06-30 1,318 53 -15
2018-03-31 1,315 -13 -14
2017-12-30 1,204 7 10
2017-09-30 1,206 35 9
2017-07-01 1,231 25 14
2017-03-31 1,262 24 16
2016-12-31 1,289 42 31
2016-10-01 1,365 68 54
2016-07-02 1,325 13 54
2016-03-31 1,280 39 56

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Seneca Foods's earnings are expected to grow significantly at over 20% yearly.
  • Unable to determine if Seneca Foods is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:SENE.A Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Seneca Foods Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:SENE.A Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-29 -5.27
2018-09-29 -2.30
2018-06-30 -1.57
2018-03-31 -1.41
2017-12-30 1.02
2017-09-30 0.90
2017-07-01 1.45
2017-03-31 1.61
2016-12-31 3.17
2016-10-01 5.51
2016-07-02 5.46
2016-03-31 5.65

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Seneca Foods will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Seneca Foods's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Seneca Foods has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Seneca Foods performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Seneca Foods's growth in the last year to its industry (Food).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Seneca Foods does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Seneca Foods's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Seneca Foods's 1-year growth to the US Food industry average as it is not currently profitable.
Earnings and Revenue History
Seneca Foods's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Seneca Foods Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:SENE.A Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-29 1,328.02 -51.14 74.96
2018-09-29 1,310.68 -22.34 74.78
2018-06-30 1,317.68 -15.29 74.44
2018-03-31 1,314.77 -13.77 73.51
2017-12-30 1,204.42 9.94 69.96
2017-09-30 1,206.30 8.82 71.87
2017-07-01 1,231.24 14.14 72.56
2017-03-31 1,262.20 15.73 73.00
2016-12-31 1,289.42 31.05 78.58
2016-10-01 1,364.85 54.14 76.97
2016-07-02 1,325.44 53.84 75.66
2016-03-31 1,279.57 55.81 73.52
2015-12-26 1,249.60 42.90 68.66
2015-09-26 1,273.61 19.78 67.91
2015-06-27 1,272.57 12.75 66.72
2015-03-31 1,286.35 9.72 67.38
2014-12-27 1,302.17 6.01 68.76
2014-09-27 1,323.66 4.95 70.28
2014-06-28 1,348.12 11.91 69.93
2014-03-31 1,340.21 13.32 70.13
2013-12-28 1,321.37 18.10 71.28
2013-09-28 1,296.41 25.75 69.55
2013-06-29 1,277.37 33.38 69.94
2013-03-31 1,276.30 39.98 68.85
2012-12-29 1,271.76 34.08 66.88
2012-09-29 1,265.92 37.70 67.53
2012-06-30 1,231.02 26.47 66.70
2012-03-31 1,257.81 10.85 67.97

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Seneca Foods has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Seneca Foods has efficiently used its assets last year compared to the US Food industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Seneca Foods improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Seneca Foods's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Food industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Seneca Foods has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Seneca Foods's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Seneca Foods's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Seneca Foods is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Seneca Foods's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Seneca Foods's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Seneca Foods Company Filings, last reported 2 months ago.

NasdaqGS:SENE.A Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-29 420.03 361.02 12.83
2018-09-29 409.78 390.94 12.80
2018-06-30 402.27 370.54 12.63
2018-03-31 396.93 459.84 15.10
2017-12-30 422.41 458.95 13.12
2017-09-30 418.71 442.45 14.94
2017-07-01 433.49 392.98 15.78
2017-03-31 425.20 371.83 11.99
2016-12-31 417.61 381.99 10.26
2016-10-01 410.24 383.32 10.12
2016-07-02 404.64 315.71 12.49
2016-03-31 405.17 321.17 8.60
2015-12-26 390.27 348.92 19.03
2015-09-26 359.61 344.40 9.40
2015-06-27 354.01 237.94 7.93
2015-03-31 351.73 284.07 10.61
2014-12-27 391.69 302.78 23.01
2014-09-27 383.84 349.48 14.04
2014-06-28 386.44 227.85 11.10
2014-03-31 393.63 230.77 13.84
2013-12-28 381.34 272.94 17.88
2013-09-28 374.60 329.45 18.07
2013-06-29 368.26 231.33 6.07
2013-03-31 367.17 270.19 14.10
2012-12-29 363.84 269.92 12.51
2012-09-29 349.62 319.47 18.80
2012-06-30 362.43 188.28 12.17
2012-03-31 354.67 234.21 9.42
  • Seneca Foods's level of debt (86%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (71.3% vs 86% today).
  • Debt is not well covered by operating cash flow (16.6%, less than 20% of total debt).
  • Seneca Foods is making a loss, therefore interest payments are not well covered by earnings.
X
Financial health checks
We assess Seneca Foods's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Seneca Foods has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Seneca Foods dividends.
If you bought $2,000 of Seneca Foods shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Seneca Foods's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Seneca Foods's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGS:SENE.A Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
United States of America Food Industry Average Dividend Yield Market Cap Weighted Average of 32 Stocks 3%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2004 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Seneca Foods has not reported any payouts.
  • Unable to verify if Seneca Foods's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Seneca Foods's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Seneca Foods has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Seneca Foods's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Seneca Foods afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Seneca Foods has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Seneca Foods's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Kraig Kayser
COMPENSATION $705,678
AGE 57
TENURE AS CEO 26.2 years
CEO Bio

Mr. Kraig H. Kayser has been the Chief Executive Officer and President of Seneca Foods Corp. since 1993. Mr. Kayser served as Chief Financial Officer at Seneca Foods Corp. from 1991 to 1993 and as its Acting Chief Financial Officer from May 24, 2012 to June 11, 2012. Prior to joining Seneca Foods Corporation in 1991, Mr. Kayser served as Vice President of J.P. Morgan Investment Management. He has been an Independent Director of Moog Inc. since 1998. He has been a Director for Seneca Foods Corp. since 1985. He served as a Director of Signature Fruit Company LLC. Mr. Kayser holds a BA from Hamilton College and an M.B.A degree from Cornell University.

CEO Compensation
  • Kraig's compensation has increased whilst company is loss making.
  • Kraig's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Seneca Foods management team in years:

13.2
Average Tenure
56
Average Age
  • The average tenure for the Seneca Foods management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Kraig Kayser

TITLE
President
COMPENSATION
$706K
AGE
57
TENURE
26.2 yrs

Timothy Benjamin

TITLE
Senior VP
COMPENSATION
$282K
AGE
59
TENURE
6.8 yrs

Paul Palmby

TITLE
Executive VP & COO
COMPENSATION
$502K
AGE
55
TENURE
13.2 yrs

Dean Erstad

TITLE
Senior Vice President of Sales & Marketing
COMPENSATION
$315K
AGE
55
TENURE
18.2 yrs

Jeffrey Van Riper

TITLE
VP, Corporate Controller
AGE
61
TENURE
33.2 yrs

Carl Cichetti

TITLE
Chief Information Officer and Senior VP of Technology & Planning
COMPENSATION
$180K
AGE
60
TENURE
10.2 yrs

Cynthia Fohrd

TITLE
Senior VP & Chief Administrative Officer
AGE
55
TENURE
12.2 yrs

John Exner

TITLE
General Counsel & Assistant Secretary
AGE
56
TENURE
13.2 yrs

Jim Uttech

TITLE
Vice President of Human Resources

Aaron Girard

TITLE
Senior Vice President of Logistics
AGE
47
TENURE
9.2 yrs
Board of Directors Tenure

Average tenure and age of the Seneca Foods board of directors in years:

12.3
Average Tenure
62
Average Age
  • The average tenure for the Seneca Foods board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Arthur Wolcott

TITLE
Founder & Chairman
COMPENSATION
$626K
AGE
92
TENURE
70.2 yrs

Kraig Kayser

TITLE
President
COMPENSATION
$706K
AGE
57
TENURE
34.2 yrs

Tom Paulson

TITLE
Independent Director
COMPENSATION
$25K
AGE
62
TENURE
15.2 yrs

Susan Stuart

TITLE
Director
COMPENSATION
$25K
AGE
63
TENURE
33.2 yrs

John Gaylord

TITLE
Independent Director
COMPENSATION
$25K
AGE
57
TENURE
9.4 yrs

Peter Call

TITLE
Director
COMPENSATION
$25K
AGE
62
TENURE
8.2 yrs

Tom Hubbard

TITLE
Director
COMPENSATION
$25K
AGE
67
TENURE
8.2 yrs

Keith Woodward

TITLE
Director
AGE
53
TENURE
0.7 yrs

Kathryn Boor

TITLE
Director
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Seneca Foods's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Seneca Foods has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Does The Seneca Foods Corporation (NASDAQ:SENE.A) Share Price Tend To Follow The Market?

Every stock in the market is exposed to this volatility, which is linked to the fact that stocks prices are correlated in an efficient market. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … Any stock with a beta of greater than one is considered more volatile than the market, while those with a beta below one are either less volatile or poorly correlated with the market.

Simply Wall St -

Seneca Foods Corporation (NASDAQ:SENE.A): Time For A Financial Health Check

While small-cap stocks, such as Seneca Foods Corporation (NASDAQ:SENE.A) with its market cap of US$284m, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn.

Simply Wall St -

What Kind Of Risk Should You Expect For Seneca Foods Corporation (NASDAQ:SENE.A)?

Volatility is considered to be a measure of risk in modern finance theory. … Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … A stock with a beta greater than one is more sensitive to broader market movements than a stock with a beta of less than one.

Simply Wall St -

Is Seneca Foods Corporation's (NASDAQ:SENE.A) PE Ratio A Signal To Sell For Investors?

and want to begin learning the link between Seneca Foods Corporation (NASDAQ:SENE.A)’s fundamentals and stock market performance. … Seneca Foods Corporation (NASDAQ:SENE.A) is currently trading at a trailing P/E of 64.5x, which is higher than the industry average of 19.2x. … Although some investors may jump to the conclusion that you should avoid the stock or sell if you own it, understanding the assumptions behind the P/E ratio might change your mind.

Simply Wall St -

With An ROE Of 0.95%, Has Seneca Foods Corporation's (NASDAQ:SENE.A) Management Done Well?

See our latest analysis for Seneca Foods Breaking down ROE — the mother of all ratios Return on Equity (ROE) weighs Seneca Foods’s profit against the level of its shareholders’ equity. … Since Seneca Foods’s return does not cover its cost, with a difference of -11.37%, this means its current use of equity is not efficient and not sustainable. … This is called the Dupont Formula: Dupont Formula ROE = profit margin × asset turnover × financial leverage ROE = (annual net profit ÷ sales) × (sales ÷ assets) × (assets ÷ shareholders’ equity) ROE = annual net profit ÷ shareholders’ equity NasdaqGS:SENE.A Last Perf Mar 31st 18 Basically, profit margin measures how much of revenue trickles down into earnings which illustrates how efficient the business is with its cost management.

Simply Wall St -

Is It Time To Sell Seneca Foods Corporation (NASDAQ:SENE.A) Based Off Its PE Ratio?

Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for SENE.A Price per share = $30.25 Earnings per share = $0.418 ∴ Price-Earnings Ratio = $30.25 ÷ $0.418 = 72.3x On its own, the P/E ratio doesn’t tell you much; however, it becomes extremely useful when you compare it with other similar companies. … For example, if you inadvertently compared riskier firms with SENE.A, then investors would naturally value SENE.A at a higher price since it is a less risky investment. … Similarly, if you accidentally compared lower growth firms with SENE.A, investors would also value SENE.A at a higher price since it is a higher growth investment.

Simply Wall St -

What You Must Know About Seneca Foods Corporation's (NASDAQ:SENE.A) Financial Strength

How does SENE.A’s operating cash flow stack up against its debt? … Additionally, SENE.A has produced $24.3M in operating cash flow in the last twelve months, resulting in an operating cash to total debt ratio of 6.54%, indicating that SENE.A’s operating cash is not sufficient to cover its debt. … For SENE.A, the ratio of 1.42x suggests that interest is not strongly covered, which means that lenders may be more reluctant to lend out more funding as SENE.A’s low interest coverage already puts the company at higher risk of default.Next Steps: At its current level of cash flow coverage, SENE.A has room for improvement to better cushion for events which may require debt repayment.

Simply Wall St -

With An ROE Of 1.09%, Has Seneca Foods Corporation's (SENEA) Management Done A Good Job?

Since SENE.A’s return does not cover its cost, with a difference of -9.07%, this means its current use of equity is not efficient and not sustainable. … ROE can be split up into three useful ratios: net profit margin, asset turnover, and financial leverage. … This is called the Dupont Formula: Dupont Formula ROE = profit margin × asset turnover × financial leverage ROE = (annual net profit ÷ sales) × (sales ÷ assets) × (assets ÷ shareholders’ equity) ROE = annual net profit ÷ shareholders’ equity NasdaqGS:SENE.A Last Perf Dec 1st 17 Basically, profit margin measures how much of revenue trickles down into earnings which illustrates how efficient SENE.A is with its cost management.

Simply Wall St -

Company Info

Description

Seneca Foods Corporation provides packaged fruits and vegetables in the United States and internationally. It offers canned, frozen, and bottled produce; and snack chips and other food products under the private label, as well as under various national and regional brands that the company owns or licenses, including Seneca, Libby’s, Aunt Nellie’s, READ, Green Valley, Cherryman, and Seneca Farms. The company also packs Green Giant, Le Sueur, and other brands of canned vegetables, as well as selected Green Giant frozen vegetables for B&G Foods North America under a contract packing agreement. In addition, it is involved in the sale of cans and ends, as well as trucking and aircraft operations. The company offers its products to grocery outlets, including supermarkets, mass merchandisers, limited assortment stores, club stores, and dollar stores; and food service distributors, industrial markets, other food packagers, and export customers in 90 countries, as well as to the federal, state, and local governments for school and other feeding programs. Seneca Foods Corporation was founded in 1949 and is headquartered in Marion, New York.

Details
Name: Seneca Foods Corporation
SENE.A
Exchange: NasdaqGS
Founded: 1949
$238,192,093
9,575,003
Website: http://www.senecafoods.com
Address: Seneca Foods Corporation
3736 South Main Street,
Marion,
New York, 14505,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS SENE.A Class A Common Stock Nasdaq Global Select US USD 20. Sep 1995
NasdaqGS SENE.B Class B Common Stock Nasdaq Global Select US USD 02. Jan 1980
Number of employees
Current staff
Staff numbers
3,800
Seneca Foods employees.
Industry
Packaged Foods and Meats
Food, Beverage & Tobacco
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/18 23:42
End of day share price update: 2019/03/18 00:00
Last earnings filing: 2019/02/01
Last earnings reported: 2018/12/29
Last annual earnings reported: 2018/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.