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General information

Country: UNITED STATES

Sector: Conglomerates

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...
Website: seaboardcorp.com



Growth: Good revenue growth rate 22.3%, there is acceleration compared to average historical growth rates 16.6%. The revenue growth dynamics is moderately stable

Profitability: LTM EBITDA margin is positive, +7.9%. On average the margin is decreasing unsteadily. Gross margin is low, +9.5%.

Cash Flow Generation: Dividend yield for the last twelve months 0.3%. Free cash flow yield 25.0% (LTM)

Undervaluation: Fundamental value created in LTM (estimate)


Entry Point: Share price is 4.2% higher than minimum and 25.5% lower than maximum for the last 3 years

AI Insight: the companies with similar growth trajectories, EBITDA margin, industries and geography on average are valued 2.8x by EV / Sales multiple , the company can be >100% undervalued

Key Financials (Download financials)

Ticker: SEB
Share price, USD:  (-2.5%)3205.33
year average price 3559  


year start price 3941 2023-04-28

max close price 3986 2023-05-02

min close price 3076 2024-04-17

current price 3205 2024-04-26
Common stocks: 1 161 526

Dividend Yield:  0.3%
FCF Yield LTM: 25.0%
EV / LTM EBITDA: 5.2x
EV / EBITDA annualized: 3.8x
Last revenue growth (y/y):  22.3%
Last growth of EBITDA (y/y):  10.8%
Historical revenue growth:  16.6%
Historical growth of EBITDA:  41.4%
EV / Sales: 0.4x
Margin (EBITDA LTM / Revenue): 7.9%
Fundamental value created in LTM:
Market Cap ($m): 3 723
Net Debt ($m): 547
EV (Enterprise Value): 4 270
Price to Book: 0.8x

Revenue and EBITDA

Quarterly values ($m)

Change (y/y)

Cash Flow

FCF ($m)

Net Debt / Cash and Equivalents ($m)

Share price and dividends (Download history)

Share price

Payment USD per share

Multiple and potential

EV / Sales

Potential dynamics

News


2024-02-18Seeking Alpha

Seaboard: Exposure To Pork And Turkey At A 24% Discount To TBV

2023-10-19Seeking Alpha

Seaboard: Stable Farm Economy Assets At Rare 20%+ Discount To Tangible Book Value

2023-08-01Seeking Alpha

Seaboard Corporation: Assessing Recent Issues

2023-07-26Seeking Alpha

Seaboard: A Call Option On Pork Prices

2023-07-11Market Watch

Seaboard gets stock buyback proposal from founding Bresky family
More information for subscribed users:
detailed calculation of
Fundamental value created in LTM

Financial reporting

Income Statement

Property 2023 q4 2023 q3 2023 q2 2023 q1 2022 q4 2022 q3
date 2023-12-31 2023-09-30 2023-07-01 2023-04-01 2022-12-31 2022-10-01
symbol SEB SEB SEB SEB SEB SEB
reportedCurrency USD USD USD USD USD USD
cik 88 121 88 121 88 121 88 121 88 121 88 121
fillingDate 2024-02-13 2023-10-30 2023-08-01 2023-05-03 2023-02-14 2022-11-01
acceptedDate 2024-02-13 17:05:34 2023-10-30 16:10:20 2023-08-01 16:10:03 2023-05-03 16:11:15 2023-02-14 16:22:34 2022-11-01 16:09:34
calendarYear 2023.000 2023.000 2023.000 2023.000 2022.000 2022.000
period Q4 Q3 Q2 Q1 Q4 Q3
revenue 2 282M 2 388M 2 393M 2 499M 2 666M 2 895M
costOfRevenue 2 261M 2 223M 2 297M 2 465M 2 400M 2 648M
grossProfit 21M 165M 96M 34M 266M 247M
grossProfitRatio 0.009 0.069 0.040 0.014 0.100 0.085
researchAndDevelopmentExpenses 361M 0 0 0 0 0
generalAndAdministrativeExpenses 0 0 0 0 0 0
sellingAndMarketingExpenses 0 0 0 0 0 0
sellingGeneralAndAdministrativeExpenses 108M 98M 100M 97M 102M 92M
otherExpenses 0 1 000 000 3M 0 1 000 000 0
operatingExpenses 108M 98M 100M 97M 102M 92M
costAndExpenses 2 369M 2 321M 2 397M 2 562M 2 502M 2 740M
interestIncome 17M 18M 14M 13M 11M 9M
interestExpense 17M 9M 20M 12M 17M 13M
depreciationAndAmortization 69M 72M 71M 71M 72M 61M
ebitda 30M 181M 109M 47M 306M 274M
ebitdaratio 0.013 0.076 0.046 0.019 0.115 0.095
operatingIncome -87M 67M -4M -24M 234M 213M
operatingIncomeRatio -0.038 0.028 -0.002 -0.010 0.088 0.074
totalOtherIncomeExpensesNet 66M 17M 58M 11M 19M -68M
incomeBeforeTax -21M 93M 48M -13M 253M 145M
incomeBeforeTaxRatio -0.009 0.039 0.020 -0.005 0.095 0.050
incomeTaxExpense -86M -33M -4M 3M 29M -1 000 000
netIncome 64M 126M 52M -16M 223M 146M
netIncomeRatio 0.028 0.053 0.022 -0.006 0.084 0.050
eps 64.670 108.550 44.800 -13.780 191.990 125.780
epsdiluted 64.670 108.550 44.800 -13.780 191.990 125.780
weightedAverageShsOut 989 615 1M 1M 1M 1M 1M
weightedAverageShsOutDil 989 615 1M 1M 1M 1M 1M
link Link Link Link Link Link Link
finalLink Link Link Link Link Link Link

Balance Sheet Statement

Property 2023 q4 2023 q3 2023 q2 2023 q1 2022 q4 2022 q3
date 2023-12-31 2023-09-30 2023-07-01 2023-04-01 2022-12-31 2022-10-01
symbol SEB SEB SEB SEB SEB SEB
reportedCurrency USD USD USD USD USD USD
cik 88 121 88 121 88 121 88 121 88 121 88 121
fillingDate 2024-02-13 2023-10-30 2023-08-01 2023-05-03 2023-02-14 2022-11-01
acceptedDate 2024-02-13 17:05:34 2023-10-30 16:10:20 2023-08-01 16:10:03 2023-05-03 16:11:15 2023-02-14 16:22:34 2022-11-01 16:09:34
calendarYear 2023.000 2023.000 2023.000 2023.000 2022.000 2022.000
period Q4 Q3 Q2 Q1 Q4 Q3
cashAndCashEquivalents 56M 100M 68M 84M 199M 70M
shortTermInvestments 973M 1 134M 1 225M 1 213M 1 086M 1 023M
cashAndShortTermInvestments 1 029M 1 234M 1 293M 1 297M 1 285M 1 093M
netReceivables 749M 727M 816M 834M 923M 884M
inventory 1 462M 1 516M 1 610M 1 587M 1 670M 1 816M
otherCurrentAssets 123M 128M 147M 148M 139M 162M
totalCurrentAssets 3 363M 3 605M 3 866M 3 866M 4 017M 3 955M
propertyPlantEquipmentNet 2 804M 2 700M 2 689M 2 680M 2 691M 2 630M
goodwill 160M 162M 162M 161M 154M 159M
intangibleAssets 26M 28M 0 0 31M 35M
goodwillAndIntangibleAssets 186M 162M 162M 161M 185M 194M
longTermInvestments 731M 742M 734M 759M 753M 717M
taxAssets 199M 0 0 0 0 0
otherNonCurrentAssets 283M 387M 354M 329M 256M 248M
totalNonCurrentAssets 4 203M 3 991M 3 939M 3 929M 3 885M 3 789M
otherAssets 0 0 0 0 0 0
totalAssets 7 566M 7 596M 7 805M 7 795M 7 902M 7 744M
accountPayables 399M 369M 348M 368M 429M 421M
shortTermDebt 372M 300M 592M 610M 613M 645M
taxPayables 0 0 0 0 0 0
deferredRevenue 66M 98M 79M 101M 70M 124M
otherCurrentLiabilities 498M 398M 439M 374M 417M 408M
totalCurrentLiabilities 1 335M 1 165M 1 458M 1 453M 1 529M 1 598M
longTermDebt 1 301M 961M 979M 998M 1 020M 982M
deferredRevenueNonCurrent 74M 0 0 0 0 0
deferredTaxLiabilitiesNonCurrent 32M 0 0 0 0 0
otherNonCurrentLiabilities 190M 287M 306M 335M 339M 185M
totalNonCurrentLiabilities 1 597M 1 248M 1 285M 1 333M 1 359M 1 375M
otherLiabilities 0 0 0 0 0 0
capitalLeaseObligations 421M 395M 429M 450M 474M 434M
totalLiabilities 2 932M 2 413M 2 743M 2 786M 2 888M 2 973M
preferredStock 0 0 0 0 0 0
commonStock 1 000 000 1 000 000 1 000 000 1 000 000 1 000 000 1 000 000
retainedEarnings 5 025M 5 572M 5 448M 5 398M 5 417M 5 197M
accumulatedOtherComprehensiveIncomeLoss -410M -408M -405M -408M -422M -446M
othertotalStockholdersEquity 0 0 0 0 0 0
totalStockholdersEquity 4 616M 5 165M 5 044M 4 991M 4 996M 4 752M
totalEquity 4 634M 5 183M 5 062M 4 991M 4 996M 4 752M
totalLiabilitiesAndStockholdersEquity 7 566M 7 596M 7 805M 7 795M 7 902M 7 744M
minorityInterest 18M 18M 18M 18M 18M 0
totalLiabilitiesAndTotalEquity 7 566M 7 596M 7 805M 7 795M 7 902M 7 744M
totalInvestments 1 704M 1 876M 1 959M 1 972M 1 839M 1 740M
totalDebt 1 673M 1 261M 1 571M 1 608M 1 633M 1 627M
netDebt 1 617M 1 161M 1 503M 1 524M 1 434M 1 557M
link Link Link Link Link Link Link
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Cash Flow Statement

Property 2023 q4 2023 q3 2023 q2 2023 q1 2022 q4 2022 q3
date 2023-12-31 2023-09-30 2023-07-01 2023-04-01 2022-12-31 2022-10-01
symbol SEB SEB SEB SEB SEB SEB
reportedCurrency USD USD USD USD USD USD
cik 88 121 88 121 88 121 88 121 88 121 88 121
fillingDate 2024-02-13 2023-10-30 2023-08-01 2023-05-03 2023-02-14 2022-11-01
acceptedDate 2024-02-13 17:05:34 2023-10-30 16:10:20 2023-08-01 16:10:03 2023-05-03 16:11:15 2023-02-14 16:22:34 2022-11-01 16:09:34
calendarYear 2023.000 2023.000 2023.000 2023.000 2022.000 2022.000
period Q4 Q3 Q2 Q1 Q4 Q3
netIncome 65M 126M 52M -16M 224M 146M
depreciationAndAmortization 69M 72M 71M 71M 72M 61M
deferredIncomeTax -67M -27M -17M -43M -9M -23M
stockBasedCompensation 0 0 -2M 0 0 0
changeInWorkingCapital 101M 214M 1 000 000 104M 92M 27M
accountsReceivables -24M 91M 0 0 0 0
inventory 42M 92M -19M 85M 140M 32M
accountsPayables 31M 16M -21M -58M 13M -66M
otherWorkingCapital 52M 15M 41M -27M -61M 61M
otherNonCashItems 5M -15M 6M -23M -80M 49M
netCashProvidedByOperatingActivities 129M 377M 111M 93M 299M 260M
investmentsInPropertyPlantAndEquipment -162M -125M -108M -111M -107M -94M
acquisitionsNet 6M -11M 108M 0 2M -58M
purchasesOfInvestments -812M -1 086M -263M -374M -124M -264M
salesMaturitiesOfInvestments 1 016M 1 176M 273M 281M 113M 202M
otherInvestingActivites 1 000 000 6M -101M 13M 4M 8M
netCashUsedForInvestingActivites 49M -40M -91M -191M -112M -206M
debtRepayment -282M -351M -364M -439M -190M -215M
commonStockIssued 600M 0 0 0 0 0
commonStockRepurchased -600M 0 0 0 0 0
dividendsPaid -3M -2M -2M -3M -3M -2M
otherFinancingActivites 60M 48M 331M 426M 137M 137M
netCashUsedProvidedByFinancingActivities -225M -305M -35M -16M -56M -80M
effectOfForexChangesOnCash 3M 0 -1 000 000 -1 000 000 -2M 1 000 000
netChangeInCash -44M 32M -16M -115M 129M -25M
cashAtEndOfPeriod 56M 100M 68M 84M 199M 70M
cashAtBeginningOfPeriod 100M 68M 84M 199M 70M 95M
operatingCashFlow 129M 377M 111M 93M 299M 260M
capitalExpenditure -162M -125M -108M -111M -107M -94M
freeCashFlow -33M 252M 3M -18M 192M 166M
link Link Link Link Link Link Link
finalLink Link Link Link Link Link Link

Earning call transcript

Press-releases

Show financial reports only

2024-02-13 22:16 ET
SEABOARD CORPORATIONREPORT OF EARNINGS AND DIVIDEND DECLARATION
2023-10-30 21:31 ET
SEABOARD CORPORATION REPORT OF EARNINGS AND DIVIDEND DECLARATION
2023-10-09 12:43 ET
Seaboard Corporation Announces Share Repurchase
2023-08-01 21:11 ET
SEABOARD CORPORATION: REPORT OF EARNINGS AND DIVIDEND DECLARATION
2023-05-03 20:16 ET
/C O R R E C T I O N -- Seaboard Corporation/
2023-05-03 20:16 ET
SEABOARD CORPORATION REPORT OF EARNINGS AND DIVIDEND DECLARATION
2023-02-14 23:58 ET
REPORT OF EARNINGS AND DIVIDEND DECLARATION
2022-11-01 21:41 ET
REPORT OF EARNINGS AND DIVIDEND DECLARATION
2022-08-02 21:27 ET
REPORT OF EARNINGS AND DIVIDEND DECLARATION
2022-05-03 21:13 ET
SEABOARD CORPORATION REPORT OF EARNINGS AND DIVIDEND DECLARATION
2022-02-15 22:31 ET
SEABOARD CORPORATION REPORT OF EARNINGS AND DIVIDEND DECLARATION
2021-11-02 21:08 ET
Seaboard Corporation Report Of Earnings And Dividend Declaration
2021-08-03 21:47 ET
Seaboard Corporation Report Of Earnings And Dividend Declaration
2021-05-04 21:23 ET
Seaboard Corporation Report of Earnings and Dividend Declaration
2021-02-16 23:27 ET
Seaboard Corporation Report Of Earnings And Dividend Declaration
2020-11-19 00:38 ET
Peter Brown Joins Seaboard Foods LLC as President and Chief Executive Officer to Succeed Current President
2020-10-27 21:19 ET
Seaboard Corporation Report Of Earnings And Dividend Declaration
2020-07-28 21:18 ET
Seaboard Corporation Report Of Earnings And Dividend Declaration
2020-07-20 21:50 ET
Seaboard Corporation Press Release
2020-07-13 13:19 ET
Seaboard Corporation Announcement
2020-04-27 22:37 ET
Seaboard Corporation Report Of Earnings And Dividend Declaration
2020-03-25 21:09 ET
Seaboard Corporation Announces Change Of Location Of Annual Meeting Of Stockholders
2020-02-19 22:41 ET
Seaboard Corporation Report Of Earnings And Dividend Declaration
2019-10-30 21:23 ET
Seaboard Corporation Reports Earnings And Dividend Declaration
2019-04-04 00:06 ET
SEB Reports Results for Fiscal 2018

SEC forms

Show financial reports only

SEC form 8
2024-02-13 00:00 ET
Seaboard Corporation reported for 2023 q4
SEC form 10
2024-02-13 00:00 ET
Seaboard Corporation reported for 2023 q4
SEC form 8
2024-02-13 00:00 ET
Seaboard Corporation published news for 2023 q4
SEC form 10
2023-10-30 16:10 ET
Seaboard Corporation reported for 2023 q3
SEC form 8
2023-10-30 16:06 ET
Seaboard Corporation reported for 2023 q3
SEC form 10
2023-10-30 00:00 ET
Seaboard Corporation reported for 2023 q3
SEC form 10
2023-08-01 16:10 ET
Seaboard Corporation reported for 2023 q2
SEC form 6
2023-08-01 16:07 ET
Seaboard Corporation published news for 2023 q2
SEC form 8
2023-08-01 00:00 ET
Seaboard Corporation published news for 2023 q2
SEC form 6
2023-07-11 17:20 ET
Seaboard Corporation published news for 2023 q2
SEC form 8
2023-05-03 00:00 ET
Seaboard Corporation published news for 2023 q1
SEC form 10
2023-05-03 00:00 ET
Seaboard Corporation reported for 2023 q1
SEC form 6
2023-02-24 17:05 ET
Seaboard Corporation published news for 2022 q4
SEC form 10
2023-02-14 16:22 ET
Seaboard Corporation reported for 2022 q4
SEC form 6
2023-02-14 16:06 ET
Seaboard Corporation reported for 2022 q4
SEC form 10
2023-02-14 00:00 ET
Seaboard Corporation reported for 2022 q4
SEC form 8
2023-02-14 00:00 ET
Seaboard Corporation reported for 2022 q4
SEC form 6
2023-01-13 16:07 ET
Seaboard Corporation published news for 2022 q4
SEC form 10
2022-11-01 16:09 ET
Seaboard Corporation reported for 2022 q3
SEC form 6
2022-11-01 16:06 ET
Seaboard Corporation published news for 2022 q3
SEC form 8
2022-11-01 00:00 ET
Seaboard Corporation published news for 2022 q3
SEC form 10
2022-11-01 00:00 ET
Seaboard Corporation reported for 2022 q3
SEC form 10
2022-08-02 16:13 ET
Seaboard Corporation reported for 2022 q2
SEC form 6
2022-08-02 16:07 ET
Seaboard Corporation published news for 2022 q2
SEC form 8
2022-08-02 00:00 ET
Seaboard Corporation reported for 2022 q2
SEC form 10
2022-08-02 00:00 ET
Seaboard Corporation reported for 2022 q2
SEC form 10
2022-05-03 16:10 ET
Seaboard Corporation reported for 2022 q1
SEC form 6
2022-05-03 16:05 ET
Seaboard Corporation published news for 2022 q1
SEC form 10
2022-05-03 00:00 ET
Seaboard Corporation reported for 2022 q1
SEC form 8
2022-05-03 00:00 ET
Seaboard Corporation published news for 2022 q1
SEC form 6
2022-04-26 16:07 ET
Seaboard Corporation published news for 2022 q1
SEC form 6
2022-03-11 06:04 ET
Seaboard Corporation published news for 2021 q4
SEC form 10
2022-02-15 16:21 ET
Seaboard Corporation published news for 2021 q4
SEC form 6
2022-02-15 16:06 ET
Seaboard Corporation published news for 2021 q4
SEC form 10
2022-02-15 00:00 ET
Seaboard Corporation published news for 2021 q4
SEC form 8
2022-02-15 00:00 ET
Seaboard Corporation published news for 2021 q4
SEC form 10
2021-11-02 16:17 ET
Seaboard Corporation published news for 2021 q3
SEC form 6
2021-11-02 16:06 ET
Seaboard Corporation published news for 2021 q3
SEC form 10
2021-11-02 00:00 ET
Seaboard Corporation published news for 2021 q3
SEC form 8
2021-11-02 00:00 ET
Seaboard Corporation published news for 2021 q3
SEC form 10
2021-08-03 16:18 ET
Seaboard Corporation published news for 2021 q2
SEC form 6
2021-08-03 16:07 ET
Seaboard Corporation published news for 2021 q2
SEC form 8
2021-08-03 00:00 ET
Seaboard Corporation published news for 2021 q2
SEC form 10
2021-08-03 00:00 ET
Seaboard Corporation published news for 2021 q2
SEC form 10
2021-05-04 16:21 ET
Seaboard Corporation published news for 2021 q1
SEC form 6
2021-05-04 16:09 ET
Seaboard Corporation published news for 2021 q1
SEC form 8
2021-05-04 00:00 ET
Seaboard Corporation published news for 2021 q1
SEC form 10
2021-05-04 00:00 ET
Seaboard Corporation published news for 2021 q1
SEC form 6
2021-04-27 16:09 ET
Seaboard Corporation published news for 2021 q1
SEC form 6
2021-03-12 06:04 ET
Seaboard Corporation published news for 2020 q4
SEC form 10
2021-02-16 17:32 ET
Seaboard Corporation published news for 2020 q4
SEC form 6
2021-02-16 17:20 ET
Seaboard Corporation published news for 2020 q4
SEC form 6
2021-01-13 16:21 ET
Seaboard Corporation published news for 2020 q4
SEC form 6
2020-12-08 16:05 ET
Seaboard Corporation published news for 2020 q3
SEC form 6
2020-11-23 16:05 ET
Seaboard Corporation published news for 2020 q3
SEC form 10
2020-10-27 16:21 ET
Seaboard Corporation published news for 2020 q3
SEC form 6
2020-10-27 16:07 ET
Seaboard Corporation published news for 2020 q3