AMEX:SEB

Stock Analysis Report

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Executive Summary

Seaboard Corporation operates as an agribusiness and transportation company worldwide.


Snowflake Analysis

Adequate balance sheet with acceptable track record.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: SEB has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-1.0%

SEB

2.6%

US Food

4.0%

US Market


1 Year Return

-29.3%

SEB

-2.3%

US Food

5.0%

US Market

Return vs Industry: SEB underperformed the US Food industry which returned -2.3% over the past year.

Return vs Market: SEB underperformed the US Market which returned 4.9% over the past year.


Shareholder returns

SEBIndustryMarket
7 Day-1.0%2.6%4.0%
30 Day-3.3%-1.9%-1.1%
90 Day4.9%6.4%21.1%
1 Year-29.2%-29.3%0.2%-2.3%7.2%5.0%
3 Year-24.7%-25.1%1.7%-6.6%36.0%27.1%
5 Year-18.3%-18.8%10.6%-4.3%65.3%46.9%

Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

27.67x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: SEB ($2922) is trading above our estimate of fair value ($187.19)

Significantly Below Fair Value: SEB is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: SEB is poor value based on its PE Ratio (27.7x) compared to the Food industry average (20.9x).

PE vs Market: SEB is poor value based on its PE Ratio (27.7x) compared to the US market (16.5x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: SEB is good value based on its PB Ratio (1x) compared to the US Food industry average (1.9x).


Next Steps

Future Growth

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

14.1%

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 Seaboard 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 Seaboard performed over the past 5 years?

-22.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SEB has a large one-off loss of $225.0M impacting its March 28 2005 financial results.

Growing Profit Margin: SEB's current net profit margins (1.8%) are higher than last year (0.1%).


Past Earnings Growth Analysis

Earnings Trend: SEB's earnings have declined by -22.2% per year over the past 5 years.

Accelerating Growth: SEB's earnings growth over the past year (1493.5%) exceeds its 5-year average (-22.2% per year).

Earnings vs Industry: SEB earnings growth over the past year (1493.5%) exceeded the Food industry -2.2%.


Return on Equity

High ROE: SEB's Return on Equity (3.6%) is considered low.


Next Steps

Financial Health

How is Seaboard's financial position?


Financial Position Analysis

Short Term Liabilities: SEB's short term assets ($3.2B) exceed its short term liabilities ($1.3B).

Long Term Liabilities: SEB's short term assets ($3.2B) exceed its long term liabilities ($1.4B).


Debt to Equity History and Analysis

Debt Level: SEB's debt to equity ratio (32.9%) is considered satisfactory.

Reducing Debt: SEB's debt to equity ratio has increased from 4.7% to 32.9% over the past 5 years.

Debt Coverage: SEB's debt is not well covered by operating cash flow (15.2%).

Interest Coverage: SEB earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

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

0.31%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: SEB's dividend (0.31%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.67%).

High Dividend: SEB's dividend (0.31%) is low compared to the top 25% of dividend payers in the US market (4.5%).


Stability and Growth of Payments

Stable Dividend: SEB is not paying a notable dividend for the US market, therefore no need to check if payments are stable.

Growing Dividend: SEB is not paying a notable dividend for the US market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: SEB is not paying a notable dividend for the US market.


Future Payout to Shareholders

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


Next Steps

Management

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

9.3yrs

Average management tenure


CEO

Steven Bresky (66yo)

14yrs

Tenure

US$8,806,646

Compensation

Mr. Steven J. Bresky has been the Chief Executive Officer and President of Seaboard Corporation since July 6, 2006. Mr. Bresky has been Manager of Seaboard Flour since 2006. He served as Chief Executive Of ...


CEO Compensation Analysis

Compensation vs Market: Steven's total compensation ($USD8.81M) is above average for companies of similar size in the US market ($USD5.83M).

Compensation vs Earnings: Steven's compensation has increased by more than 20% in the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Steven Bresky
President14yrsUS$8.81m37.86% $1.3b
Robert Steer
Executive VP & CFO9.25yrsUS$4.41mno data
Edward Gonzalez
President of Seaboard Marine Ltd.15.5yrsUS$3.35mno data
David Dannov
President of Seaboard Overseas & Trading Group13.92yrsUS$653.18k0.00086% $29.2k
Darwin Sand
President & CEO of Seaboard Foods LLC2.33yrsUS$2.35mno data
Michael Trollinger
VP, Corporate Controller & Chief Accounting Officer5.33yrsno datano data
Ivan Winfield
Vice President of Information Technology2.42yrsno datano data
David Becker
Senior VP16.58yrsno datano data
James Gutsch
Senior Vice President of Engineering9.25yrsno datano data
Ralph Moss
Senior Vice President of Governmental Affairs9.25yrsno datano data

9.3yrs

Average Tenure

58yo

Average Age

Experienced Management: SEB's management team is seasoned and experienced (9.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Steven Bresky
President14yrsUS$8.81m37.86% $1.3b
David Adamsen
Independent Director25.5yrsUS$82.00k0.0017% $58.3k
Douglas Baena
Independent Director19.5yrsUS$92.00k0.0099% $336.1k
Edward Shifman
Independent Director11.5yrsUS$82.00kno data
Paul Squires
Director4.25yrsUS$72.00kno data

15.5yrs

Average Tenure

68yo

Average Age

Experienced Board: SEB's board of directors are seasoned and experienced ( 15.5 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

Seaboard Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Seaboard Corporation
  • Ticker: SEB
  • Exchange: AMEX
  • Founded: 1918
  • Industry: Packaged Foods and Meats
  • Sector: Food, Beverage & Tobacco
  • Market Cap: US$3.392b
  • Shares outstanding: 1.16m
  • Website: https://www.seaboardcorp.com

Number of Employees


Location

  • Seaboard Corporation
  • 9000 West 67th Street
  • Shawnee Mission
  • Merriam
  • Kansas
  • 66202
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SEBAMEX (NYSE MKT LLC)YesCommon SharesUSUSDJan 1968
S0VDB (Deutsche Boerse AG)YesCommon SharesDEEURJan 1968

Biography

Seaboard Corporation operates as an agribusiness and transportation company worldwide. It operates through six segments: Pork, Commodity Trading and Milling (CT&M), Marine, Sugar and Alcohol, Power, and Turkey. The Pork segment produces and sells fresh pork products, such as loins, tenderloins, and ribs, as well as frozen pork products to further processors, foodservice operators, grocery stores, and distributors; hogs; and biodiesel. The CT&M segment sources, transports, and markets wheat, corn, soybeans, soybean meal, and other commodities; and produces wheat flour, maize meal, manufactured feed, and oilseed crush commodities. The Marine segment provides cargo shipping services in the United States, as well as in 26 countries in the Caribbean, and Central and South America. It operates a terminal and an off-port warehouse for cargo consolidation and temporary storage; and a cargo terminal facility that includes an on-dock warehouse space for temporary storage of bagged grains, resins, and other cargoes. This segment operates through a fleet of 22 chartered and 3 owned vessels; dry, refrigerated, and specialized containers; and other related equipment. The Sugar and Alcohol segment produces and sells sugar and alcohol; and generates and sells energy through its 51-megawatt cogeneration power plant that is fueled by sugarcane by-products, natural gas, and other biomass. The Power segment operates as an independent power producer that generates electricity for the power grid in the Dominican Republic. The Turkey segment produces, processes, and markets branded and non-branded turkey products to retail stores, foodservice outlets, and industrial entities, as well as exports products to Mexico and internationally. The company also processes and sells jalapeño peppers. Seaboard Corporation was founded in 1918 and is headquartered in Merriam, Kansas. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/05 23:51
End of Day Share Price2020/07/02 00:00
Earnings2020/03/28
Annual Earnings2019/12/31


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.