Try our mobile app

General information

Sector: Consumer Goods

The company is not available at Interactive Brokers

Sea Harvest Group Limited (JSE:SHG) is a leading seafood, aquaculture, agri-processing and branded fast-moving consumer goods (FMCG) business with a global footprint. Sea Harvest was established in 1964 and has developed a strong reputation and solid long-term relationships with its geographically diverse international customer base.

The Group has three main operations:

Wild Capture Fishing

The Sea Harvest Group catches, processes and markets: Cape hake, horse mackerel, pilchards, anchovies, tuna and prawns from South Africa, as well as prawns from Mozambique and Shark Bay king and tiger prawns together with Spanish mackerel from Western Australia. These are premium wild-caught species that have become highly sought-after in local and international markets.

Acquaculture

The Sea Harvest Group, through its majority share in Viking Aquaculture, harnesses the skills and expertise of southern Africa’s foremost aquaculturists to produce a complete basket of seafood products for local and international markets.

Agro-processing

The Sea Harvest Group produces value-added dairy products, such as cheese, butter and powders, for the South African retail and foodservice markets through its wholly-owned subsidiary company, Ladismith Cheese, which is situated in Ladismith in the Western Cape Province of South Africa.

Sea Harvest Group is a Level 1 contributor in terms of the South African Department of Trade and Industry’s broad-based black economic empowerment (BBBEE) scorecard, as a result of its commitment to the economic and social transformation of South Africa, especially within the local communities in which it operates.



  • Bad financial results growth rate -1.7% (average between last period year over year growth for revenue and EBITDA), there is slowdown compared to average historical growth rates (0.0%)
  • Dividend yield for the last twelve months 0.0%
  • Free cash flow yield -1.6% (LTM)
  • Share price is 10.5% higher than minimum and 50.9% lower than maximum for the last 3 years
  • The company is overvalued by EV / LTM EBITDA multiple compared to target level (16.8x vs
    )
  • Fundamental value created in LTM (estimate)

Key Financials

Share price, ZAR:  (0.0%)8.29
Share price, USD: 0.4691
Common stocks: 359 469 240

Dividend Yield:  0.0%
FCF Yield LTM: -1.6%
EV / LTM EBITDA: 16.8x
Last revenue growth (y/y):  +0.2%
Last growth of EBITDA (y/y):  -3.6%
Historical revenue growth:  0.0%
Historical growth of EBITDA:  -9.8%
Target EV / EBITDA (hist percentile):
Fundamental value created in LTM:
EV / LTM EBITDA mutiple calculation
Market Cap ($m): 169
Net Debt ($m): 147
EV (Enterprise Value): 316
EBITDA LTM ($m): 19
EV / LTM EBITDA: 16.8x
Price to Book: 0.96x

Revenue and EBITDA

Semi-Annual values ($m)

Change (y/y)

Cash Flow

FCF ($m)

Net Debt / Cash and Equivalents ($m)

Share price and dividends (Download history)

Share price

Payment ZAR per share

Multiple and potential

EV / EBITDA

Potential dynamics

Insider trades

Date
Company
Person
B/S
Stocks
Price
volume USD
2024-05-15
Sea Harvest
[JSE:SHG]
Felix Ratheb
S
547585
ZAR 8.77
+3.9%
261 905
2024-05-15
Sea Harvest
[JSE:SHG]
Muhammad Brey
S
288365
ZAR 8.77
+3.9%
137 923
2024-05-15
Sea Harvest
[JSE:SHG]
Gerrit Johannes Nortje
S
43443
ZAR 8.77
+3.9%
20 778
2024-05-15
Sea Harvest
[JSE:SHG]
Konrad Geldenhuys
S
177259
ZAR 8.77
+3.9%
84 781
2024-05-15
Sea Harvest
[JSE:SHG]
Mary-Lou Harry
S
60523
ZAR 8.77
+3.9%
28 948
2024-05-15
Sea Harvest
[JSE:SHG]
Madoda Khumalo
S
53382
ZAR 8.77
+3.9%
25 532
2024-05-15
Sea Harvest
[JSE:SHG]
Terence Calvin Brown
S
154072
ZAR 8.77
+3.9%
73 691
2024-05-14
Sea Harvest
[JSE:SHG]
Frederick Robertson
B
5000
ZAR 7.97
+3.9%
2 167
2024-04-26
Sea Harvest
[JSE:SHG]
Frederick Robertson
B
2500
ZAR 7.97
+3.8%
1 062
2023-06-01
Sea Harvest
[JSE:SHG]
Andre Hanekom
B
25000
ZAR 9.5
-12.7%
12 107
2023-05-25
Sea Harvest
[JSE:SHG]
Andre Hanekom
B
50000
ZAR 9.5
-12.7%
23 982
2023-05-24
Sea Harvest
[JSE:SHG]
Andre Hanekom
B
90000
ZAR 9.47
-12.7%
44 262
2023-05-23
Sea Harvest
[JSE:SHG]
Andre Hanekom
B
209
ZAR 9.5
-15.6%
103
2023-05-17
Sea Harvest
[JSE:SHG]
Frederick Robertson
B
5000
ZAR 9.25
-10.4%
2 399
2023-04-20
Sea Harvest
[JSE:SHG]
Konrad Geldenhuys
S
79950
ZAR 10.1
-11.1%
44 826
2023-04-20
Sea Harvest
[JSE:SHG]
Mary-Lou Harry
S
38577
ZAR 10.1
-11.1%
21 629
2023-04-20
Sea Harvest
[JSE:SHG]
Madoda Khumalo
S
43839
ZAR 10.1
-11.1%
24 579
2023-04-20
Sea Harvest
[JSE:SHG]
Terence Calvin Brown
S
177146
ZAR 10.1
-11.1%
99 321
2023-04-20
Sea Harvest
[JSE:SHG]
Muhammad Brey
S
315139
ZAR 10.1
-11.1%
176 690
2023-04-20
Sea Harvest
[JSE:SHG]
Felix Ratheb
S
612308
ZAR 10.1
-11.1%
343 306
2022-12-19
Sea Harvest
[JSE:SHG]
Frederick Robertson
B
5984
ZAR 11.1
-25.3%
3 831
2022-12-06
Sea Harvest
[JSE:SHG]
Andre Hanekom
B
1
ZAR 11.1
-25.3%
1
2022-12-02
Sea Harvest
[JSE:SHG]
Andre Hanekom
B
42000
ZAR 11.1
-28.5%
26 568
2022-11-18
Sea Harvest
[JSE:SHG]
Andre Hanekom
B
8000
ZAR 11.1
-30.7%
5 173
More information for subscribed users:
detailed calculation of
Potential and Created Value,
website traffic data

Releases

2022-07-27
Posting of Specific Repurchase Circular and notice of General Meeting
2022-05-24
Update On The Acquisition Of The Western Australia Based Fishing Businesses Of MG Kailis
2022-05-19
Results of Annual General Meeting
2022-05-16
Appointment of Company Secretary
2022-04-26
Dealings in securities by directors
2022-04-14
Notice of Annual General Meeting and Release of Integrated Report and ESG Report and Specific Repurchase Authority
2022-03-31
Availability of Annual Financial Statements
2022-03-25
Dealings in securities by directors
2022-03-02
Resignation of Company Secretary
2022-02-28
Reviewed preliminary financial results for the year ended 31 Dec 2021
2022-01-11
Acquisition Of The Western Australia Based Fishing Businesses Of Mg Kailis Holdings Proprietary Limited
2021-12-02
Dealings in securities
2021-10-12
Dealing in securities
2021-10-06
Dealing in securities
2021-10-06
CANCELLATION OF S452183 Dealings in securities by a director
2021-10-06
Dealings in securities by a director

SENS Announcements

2024-09-11
Change in beneficial interest
2024-08-27
Unaudited interim results for the six months ended 30 June 2024
2024-08-05
Result of General Meeting and appointment of director
2024-07-26
Trading Statement
2024-07-04
Notice of General Meeting of Shareholders
2024-05-30
Results of Annual General Meeting
2024-05-20
Dealings in securities by associates of a director
2024-05-17
Dealings in securities by directors
2024-05-14
Update on the acquisition of Terrasan
2024-04-30
Dealings in securities by associates of a director
2024-04-19
Notice of Annual General Meeting and Release of Integrated Report, ESG Report and Specific Authority
2024-04-19
CANCELLATION OF S488393 Notice of Annual General Meeting and Release of Integrated Report, ESG Report and Specific Repurchase Authority
2024-04-19
Notice of Annual General Meeting and Release of Integrated Report, ESG Report and Specific Repurchase Authority
2024-03-28
Availability of Annual Financial Statements
2024-03-18
Dealings in securities by directors
2024-03-15
Dealings in securities by directors
2024-03-06
Sea Harvest Financial Results for the year ended 31 December 2023
2024-02-26
Results of General Meeting
2024-01-26
Notice of general meeting of Sea Harvest shareholders
2024-01-22
Sea Harvest To Acquire Terrasan's Pelagic Business And A Portion Of Its Abalone Business
2024-01-10
TRP121: Notification of a change of a beneficial interest in Sea Harvest
2023-12-13
Cautionary Announcement
2023-09-04
Sea Harvest Unaudited Interim Results for the six months ended 30 June 2023
2023-06-13
TRP121: Notification of a disposal of a beneficial interest in Sea Harvest
2023-06-05
Dealings in securities by an associate of a director
2023-05-26
Dealings in securities by an associate of a director
2023-05-23
Dealings in securities by an associate of a director
2023-05-18
Results of the annual general meeting of shareholders
2023-04-20
Dealings in securities by directors
2023-04-18
Notice of Annual General Meeting and Release of Integrated Report, ESG Report and Specific Repurchase Authority
2023-03-31
Availability of Annual Financial Statements
2023-03-15
Dealings in securities by directors
2023-03-08
Announcement regarding the acquisition of a further 28% Equity Interest In Viking Aquaculture Proprietary Limited
2023-03-07
Sea Harvest Group Limited Financial Results for the year ended 31 December 2022
2023-01-31
Trading Statement
2022-12-22
Dealings in securities by an associate of a director
2022-12-14
Extension Of Supply Agreement With Seavuna Fishing Company And Vuna Fishing Company
2022-12-09
Dealings in securities by an associate of a director
2022-11-22
Dealings in securities
2022-09-20
Dealings in securities by Share Incentive Scheme
2022-08-29
Notification of interim financial results presentation
2022-08-29
Interim results for the six months ended 30 June 2022
2022-08-26
Results of General Meeting
2022-07-27
Posting of Specific Repurchase Circular and notice of General Meeting
2022-05-24
Update On The Acquisition Of The Western Australia Based Fishing Businesses Of MG Kailis
2022-05-19
Results of Annual General Meeting
2022-05-16
Appointment of Company Secretary