Seaboard Corp Stock Research

Market Summary

USD3780.00-13.52

Market Closed

-0.36%

SEB Stock Price

SEB RSI Chart

SEB Valuation

Market Cap

4.4B

Price/Earnings (Trailing)

7.54

Price/Sales (Trailing)

0.4

EV/EBITDA

5.79

Price/Free Cashflow

18.36

SEB Price/Sales (Trailing)

SEB Profitability

EBT Margin

5.15%

Return on Equity

11.65%

Return on Assets

7.37%

Free Cashflow Yield

5.45%

SEB Fundamentals

SEB Revenue

Revenue (TTM)

11.0B

Revenue Y/Y

-7.75%

Revenue Q/Q

-6.26%

SEB Earnings

Earnings (TTM)

582.0M

Earnings Y/Y

83.61%

Earnings Q/Q

53.42%

Price Action

52 Week Range

3295.004296.77

(Low)(High)

Last 7 days

-1.0%

Last 30 days

-3.8%

Last 90 days

-4.3%

Trailing 12 Months

-7.8%

SEB Financial Health

Current Ratio

2.63

SEB Investor Care

Dividend Yield

0.24%

Dividend/Share (TTM)

Peers (Alternatives to Seaboard)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
MDLZ	105.5B	32.9B	3.87%	21.70%	26.76	3.21	12.49%	-5.98%
GIS	47.8B	20.0B	-4.21%	22.91%	16.42	2.47	7.14%	21.75%
K	23.1B	15.7B	-1.15%	-2.35%	24.02	1.51	10.00%	-45.78%
HRL	21.0B	12.4B	-3.44%	-19.67%	21.49	1.7	3.48%	5.62%
CAG	19.2B	12.2B	-7.07%	7.63%	33.31	1.63	7.46%	-38.13%
LW	15.8B	4.8B	-0.73%	67.36%	29.07	3.28	21.64%	131.27%
MID-CAP
PPC	5.4B	17.4B	5.35%	-31.00%	11.39	0.31	10.47%	122.83%
SEB	4.4B	11.0B	-3.78%	-7.83%	7.54	0.4	11.68%	1.93%
FRPT	3.0B	630.7M	-6.91%	-5.65%	-45.27	4.79	35.85%	-83.58%
SMALL-CAP
BYND	664.0M	401.7M	-20.14%	-60.45%	-2.04	1.65	-13.79%	-27.19%
BRID	113.5M	263.4M	-1.65%	2.59%	2.48	0.43	5.45%	786.05%
LWAY	105.4M	145.4M	1.67%	15.53%	39.78	0.72	17.44%	138.65%
PLAG	39.3M	-	17.94%	-22.14%	-1.52	0.88	18.50%	-164.64%
JVA	9.5M	67.3M	7.10%	-41.75%	-2.08	0.14	7.74%	-630.65%
RIBT	4.9M	41.6M	-25.16%	16.75%	-0.63	0.12	33.68%	12.19%

Financials for Seaboard

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Revenue	-1.9%	11,033	11,243	11,041	10,422	9,879
Gross Profit	-19.6%	828	1,030	951	904	876
S&GA Expenses	1.9%	380	373	369	365	364
EBITDA	20.2%	854	710	650	755	-
EBITDA Margin	18.1%	0.08*	0.06*	0.06*	0.08*	-
Earnings Before Taxes	-22.8%	447	579	459	418	556
EBT Margin	23.9%	0.05*	0.04*	0.04*	0.06*	-
Interest Expenses	-3.2%	40.00	41.00	39.00	-	-
Net Income	21.3%	582	480	428	496	-
Net Income Margin	19.1%	0.05*	0.04*	0.04*	0.05*	-
Free Cahsflow	255.4%	202	-130	-233	-177	-

Balance Sheet					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Assets	-1.4%	7,795	7,902	7,744	7,810	7,669
Current Assets	-3.8%	3,866	4,017	3,955	4,141	4,069
Cash Equivalents	-57.8%	84.00	199	70.00	95.00	94.00
Inventory	-5.0%	1,587	1,670	1,816	1,844	1,698
Goodwill	4.5%	161	154	159	159	161
Liabilities	-3.5%	2,786	2,888	-	-	-
Current Liabilities	-5.0%	1,453	1,529	1,598	1,757	1,632
LT Debt, Non Current	-0.4%	699	702	703	704	705
Shareholder's Equity	0.3%	5,009	4,996	4,752	4,639	4,534
Retained Earnings	-0.4%	5,398	5,417	5,197	5,053	4,947
Shares Outstanding	0%	1.00	1.00	1.00	1.00	1.00
Minority Interest	0%	18.00	18.00	19.00	19.00	19.00

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Cashflow From Operations	-1.9%	663	676	373	277	348
Cashflow From Investing	-21.5%	-531	-437	-346	-316	-468
Cashflow From Financing	-21.6%	-141	-116	-20.00	41.00	151
Dividend Payments	0%	10.00	10.00	10.00	10.00	10.00

Risks for SEB

What is the probability of a big loss on SEB?

33.9%

Probability that Seaboard stock will be more than 20% underwater in next one year

18.9%

Probability that Seaboard stock will be more than 30% underwater in next one year.

1.5%

Probability that Seaboard stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does SEB drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Seaboard was unfortunately bought at previous high price.

Drawdowns

Returns for SEB

Cumulative Returns on SEB

3.2%

10-Year Cumulative Returns

2.9%

7-Year Cumulative Returns

-0.9%

5-Year Cumulative Returns

8.4%

3-Year Cumulative Returns

What are the long-term rolling returns for SEB?

FIve years rolling returns for Seaboard.

Annualized Returns

Which funds bought or sold SEB recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-05-22	AMERIPRISE FINANCIAL INC	reduced	-10.47	-34,465	291,535	-%
2023-05-18	NEW YORK STATE COMMON RETIREMENT FUND	reduced	-11.04	-274,000	2,187,000	-%
2023-05-18	JPMORGAN CHASE & CO	added	43.22	695,620	2,311,620	-%
2023-05-16	Ancora Advisors, LLC	unchanged	-	-140	67,860	-%
2023-05-16	Rockefeller Capital Management L.P.	sold off	-100	-3,000	-	-%
2023-05-16	JANE STREET GROUP, LLC	new	-	218,661	218,661	-%
2023-05-16	IMA Wealth, Inc.	sold off	-100	-147,233	-	-%
2023-05-16	SUSQUEHANNA INTERNATIONAL GROUP, LLP	added	23.81	149,928	784,163	-%
2023-05-16	THIRD AVENUE MANAGEMENT LLC	unchanged	-	-12,148	8,806,740	1.50%
2023-05-16	Thomas J. Herzfeld Advisors, Inc.	unchanged	-	-713	516,491	0.21%

Latest Funds Activity

Are funds buying SEB calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own SEB

No. of Funds

Seaboard News

Schedule 13G FIlings of Seaboard

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Jul 28, 2020	bresky ellen s.	40.1%	465,825	SC 13D/A
Feb 07, 2020	fmr llc	-	0	SC 13G/A

SEB Fair Value

Seaboard fair value in different scenarios

The table shows the Fair Value estimates for Seaboard for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.

Fair Value	Very Pessimistic	Pessimistic	Base Case	Optimistic	Very Optimistic
Very Low Inflation	8562.90 126.53%	10376.97 174.52%	13954.85 269.18%	22215.59 487.71%	26813.16 609.34%
Current Inflation	7910.21 109.26%	9447.60 149.94%	12448.44 229.32%	19408.62 413.46%	23268.44 515.57%
Very High Inflation	7106.96 88.01%	8326.46 120.28%	10675.31 182.42%	16168.80 327.75%	19200.60 407.95%

Historical Seaboard Fair Value Estimates

Very Pessimistic Case

Pessimistic Case

Fair Value

Optimistic Case

Very Optimistic Case

Closing Stock Price

Recent SEC filings of Seaboard

View All Filings

Date Filed	Form Type	Document
May 03, 2023	8-K	Current Report
May 03, 2023	3	Insider Trading
May 03, 2023	10-Q	Quarterly Report
Apr 27, 2023	8-K	Current Report
Apr 24, 2023	UPLOAD	UPLOAD
Apr 10, 2023	CORRESP	CORRESP
Mar 28, 2023	UPLOAD	UPLOAD
Mar 10, 2023	DEF 14A	DEF 14A
Mar 10, 2023	ARS	ARS
Mar 03, 2023	3	Insider Trading

Latest Insider Trading transactions for SEB

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2020-02-27	BAENA DOUGLAS W	bought	52,875	3,525	15.00	-

About Seaboard

Robert L. Steer

www.seaboardcorp.com

13200

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 and 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; dry, refrigerated, and specialized containers, as well as other related equipment; and operates a terminal and an off-port warehouse for cargo consolidation and temporary storage. As of December 31, 2021, this segment operated through a fleet of 20 chartered and 4 owned vessels. 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 and processes organic 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 jalapeÃƒÂ±o peppers. Seaboard Corporation was founded in 1918 and is headquartered in Merriam, Kansas.

SEB Income Statement

2023-04-01

Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Millions	3 Months Ended
	Apr. 01, 2023	Apr. 02, 2022
Net sales:
Total net sales	$ 2,499	$ 2,709
Cost of sales and operating expenses:
Total cost of sales and operating expenses	2,465	2,473
Gross income	34	236
Selling, general and administrative expenses	97	90
Operating income (loss)	(63)	146
Other income (expense):
Interest expense	(12)	2
Interest income	13	5
Income from affiliates	26	23
Other investment income (loss), net	27	(65)
Foreign currency losses, net	(4)
Miscellaneous, net		8
Total other income (loss), net	50	(27)
Earnings (losses) before income taxes	(13)	119
Income tax expense	(3)	(15)
Net earnings (loss)	(16)	104
Less: Net income attributable to noncontrolling interests	0	(1)
Net earnings (losses) attributable to Seaboard	$ (16)	$ 103
Earnings per common share (in dollars per share)	$ (13.78)	$ 89.28
Average number of shares outstanding (in shares)	1,160,779	1,160,779
Other comprehensive income (loss), net of income tax expense of $0 and $0:
Foreign currency translation adjustment	$ 12	$ (1)
Unrecognized pension cost	2
Other comprehensive income (loss), net of tax	14	(1)
Comprehensive income (loss)	(2)	103
Less: Comprehensive income attributable to noncontrolling interests	0	(1)
Comprehensive income (loss) attributable to Seaboard	(2)	102
Products
Net sales:
Total net sales	1,984	2,214
Cost of sales and operating expenses:
Total cost of sales and operating expenses	2,094	2,121
Services
Net sales:
Total net sales	463	477
Cost of sales and operating expenses:
Total cost of sales and operating expenses	331	331
Other
Net sales:
Total net sales	52	18
Cost of sales and operating expenses:
Total cost of sales and operating expenses	$ 40	$ 21

SEB Balance Sheet

2023-04-01

Consolidated Balance Sheets - USD ($) $ in Millions	Apr. 01, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 84	$ 199
Short-term investments	1,213	1,086
Receivables:
Trade	601	588
Due from affiliates	139	195
Other	125	171
Total receivables	865	954
Allowance for credit losses	(31)	(31)
Receivables, net	834	923
Inventories	1,587	1,670
Other current assets	148	139
Total current assets	3,866	4,017
Property, plant and equipment, net of accumulated depreciation of $1,794 and $1,744	2,260	2,246
Operating lease right of use assets, net	420	445
Investments in and advances to affiliates	759	753
Goodwill	161	154
Other non-current assets	329	287
Total assets	7,795	7,902
Current liabilities:
Lines of credit	459	457
Accounts payable	368	429
Deferred revenue (includes $39 and $12 from affiliates)	101	70
Operating lease liabilities	151	156
Other current liabilities	374	417
Total current liabilities	1,453	1,529
Long-term debt, less current maturities	699	702
Long-term operating lease liabilities	299	318
Other non-current liabilities	335	339
Total liabilities	2,786	2,888
Commitments and contingent liabilities
Stockholders' equity:
Common stock of $1 par value. Authorized 1,250,000 shares; issued and outstanding 1,160,779 shares in 2023 and 2022	1	1
Accumulated other comprehensive loss	(408)	(422)
Retained earnings	5,398	5,417
Total Seaboard stockholders' equity	4,991	4,996
Noncontrolling interests	18	18
Total equity	5,009	5,014
Total liabilities and equity	$ 7,795	$ 7,902