Sea Harvest Group Limited engages in the fishing and food business serving retail and foodservice customers.
Price History & Performance
|Historical stock prices|
|Current Share Price||R13.50|
|52 Week High||R11.85|
|52 Week Low||R18.50|
|1 Month Change||-2.53%|
|3 Month Change||5.06%|
|1 Year Change||0%|
|3 Year Change||-1.82%|
|5 Year Change||n/a|
|Change since IPO||4.49%|
Recent News & Updates
Sea Harvest Group (JSE:SHG) Could Be Struggling To Allocate Capital
If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Ideally, a...
Shareholders May Not Be So Generous With Sea Harvest Group Limited's (JSE:SHG) CEO Compensation And Here's Why
CEO Felix Ratheb has done a decent job of delivering relatively good performance at Sea Harvest Group Limited ( JSE:SHG...
|SHG||ZA Food||ZA Market|
Return vs Industry: SHG underperformed the ZA Food industry which returned 2.4% over the past year.
Return vs Market: SHG underperformed the ZA Market which returned 19% over the past year.
Stable Share Price: SHG is not significantly more volatile than the rest of ZA stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: SHG's weekly volatility (5%) has been stable over the past year.
About the Company
Sea Harvest Group Limited engages in the fishing and food business serving retail and foodservice customers. The company operates through four segments: South African Fishing, Australia, Aquaculture, and Cape Harvest Foods. Its activities include the fishing of cape hake, and shark bay king and tiger prawns, as well as horse and Spanish mackerel, pilchards, anchovies, tuna, scallops, crabs, and a variety of farmed species; processing of the catch into frozen and chilled seafood; and marketing of products.
Sea Harvest Group Fundamentals Summary
|SHG fundamental statistics|
Is SHG overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|SHG income statement (TTM)|
|Cost of Revenue||R2.99b|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||1.71|
|Net Profit Margin||10.71%|
How did SHG perform over the long term?See historical performance and comparison
3.3%Current Dividend Yield
Is Sea Harvest Group undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: SHG (ZAR13.5) is trading below our estimate of fair value (ZAR15.31)
Significantly Below Fair Value: SHG is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: SHG is good value based on its PE Ratio (7.9x) compared to the ZA Food industry average (11.3x).
PE vs Market: SHG is good value based on its PE Ratio (7.9x) compared to the ZA market (11.3x).
Price to Earnings Growth Ratio
PEG Ratio: SHG is poor value based on its PEG Ratio (1.3x)
Price to Book Ratio
PB vs Industry: SHG is overvalued based on its PB Ratio (1.3x) compared to the ZA Food industry average (1.2x).
How is Sea Harvest Group forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SHG's forecast earnings growth (6.1% per year) is below the savings rate (8.8%).
Earnings vs Market: SHG's earnings (6.1% per year) are forecast to grow slower than the ZA market (12.1% per year).
High Growth Earnings: SHG's earnings are forecast to grow, but not significantly.
Revenue vs Market: SHG's revenue (6.8% per year) is forecast to grow faster than the ZA market (6.4% per year).
High Growth Revenue: SHG's revenue (6.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if SHG's Return on Equity is forecast to be high in 3 years time
How has Sea Harvest Group performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SHG has high quality earnings.
Growing Profit Margin: SHG's current net profit margins (10.7%) are higher than last year (10.1%).
Past Earnings Growth Analysis
Earnings Trend: SHG's earnings have grown significantly by 26.8% per year over the past 5 years.
Accelerating Growth: SHG's earnings growth over the past year (16.4%) is below its 5-year average (26.8% per year).
Earnings vs Industry: SHG earnings growth over the past year (16.4%) exceeded the Food industry 0.6%.
Return on Equity
High ROE: SHG's Return on Equity (15.3%) is considered low.
How is Sea Harvest Group's financial position?
Financial Position Analysis
Short Term Liabilities: SHG's short term assets (ZAR1.9B) exceed its short term liabilities (ZAR943.3M).
Long Term Liabilities: SHG's short term assets (ZAR1.9B) do not cover its long term liabilities (ZAR2.1B).
Debt to Equity History and Analysis
Debt Level: SHG's debt to equity ratio (49.3%) is considered high.
Reducing Debt: SHG's debt to equity ratio has reduced from 175% to 49.3% over the past 5 years.
Debt Coverage: SHG's debt is well covered by operating cash flow (51.6%).
Interest Coverage: SHG's interest payments on its debt are well covered by EBIT (13.6x coverage).
What is Sea Harvest Group current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: SHG's dividend (3.33%) is higher than the bottom 25% of dividend payers in the ZA market (3.14%).
High Dividend: SHG's dividend (3.33%) is low compared to the top 25% of dividend payers in the ZA market (7.52%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, SHG has been paying a dividend for less than 10 years.
Growing Dividend: SHG's dividend payments have increased, but the company has only paid a dividend for 4 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (26.3%), SHG's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: SHG's dividends in 3 years are forecast to be well covered by earnings (34.5% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Felix Ratheb (48 yo)
Mr. Felix Ratheb, BSc Engineering (Hons), MBA serves as Chief Executive Officer of Sea Harvest Corporation (Pty) Ltd since December 31, 2013 and also serves as its Executive Director. Mr. Ratheb has been t...
CEO Compensation Analysis
Compensation vs Market: Felix's total compensation ($USD1.24M) is above average for companies of similar size in the ZA market ($USD502.17K).
Compensation vs Earnings: Felix's compensation has increased by more than 20% in the past year.
Experienced Management: SHG's management team is considered experienced (4.6 years average tenure).
Experienced Board: SHG's board of directors are considered experienced (4.9 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: SHG insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Sea Harvest Group Limited's employee growth, exchange listings and data sources
- Name: Sea Harvest Group Limited
- Ticker: SHG
- Exchange: JSE
- Founded: 1964
- Industry: Packaged Foods and Meats
- Sector: Food, Beverage & Tobacco
- Market Cap: R3.779b
- Shares outstanding: 279.90m
- Website: https://www.seaharvestgroup.co.za
Number of Employees
- Sea Harvest Group Limited
- The Boulevard Office Park
- 1st Floor, Block C
- Cape Town
- Western Cape
- South Africa
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/25 21:43|
|End of Day Share Price||2021/10/25 00:00|
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.