Seaboard Corporation

Seaboard Corporation

SEB·AMEX

$5.26K

-0.96%
IndustrialsConglomerates

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 jalapeño peppers. Seaboard Corporation was founded in 1918 and is headquartered in Merriam, Kansas.

At a Glance

Live Snapshot
Market Cap$5.04B
EPS516.1100
P/E Ratio10.19
Earnings Date07/27/2026

Intrinsic Alpha Methodology

Thesis Lenses

Signal · Driver · Risk

Signal

High confidence

Valuation multiple is compressed (P/E 10.2).

Valuation inputs: P/E 10.2, earnings yield +9.8%, momentum -1.0%.

If multiples stay elevated while momentum fades, downside repricing risk rises.

Driver

High confidence

Return profile is soft (ROE +9.5%, ROIC +3.1%).

Profitability stack: net margin +5.1%, ROE +9.5%, ROIC +3.1%.

Quality deterioration often appears in margins before it shows up in headline EPS.

Risk

High confidence

Risk profile is balanced but has notable pressure points to monitor.

Risk factors: liabilities/assets +36.5%, momentum -1.0%, net margin +5.1%.

Higher leverage with weak momentum and thin margins can amplify drawdown severity.

seb

Seaboard Corporation Market vs Earnings Trajectory

SEB · AMEX

Loading price and EPS data...

Seaboard Corporation

Seaboard Corporation Fair Value Envelope

SEB · AMEX

Our analysis suggests that SEB has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $5258.1, this represents a potential HIDDEN relative to our calculated worth for Seaboard Corporation.

Intrinsic Value
Current Price: $5258.1
3Y+3.0%
5Y+112.0%
10Y+94.0%
3Y-13.0%
5Y+37.0%
10Y+81.0%
3Y-14.0%
5Y+75.0%
10Y+59.0%
3Y-16.0%
5Y+95.0%
10Y+33.0%
3Y-97.0%
5Y-81.0%
10Y-98.0%
3Y+4.0%
5Y+25.0%
10Y+73.0%
Seaboard Corporation

Seaboard Corporation Profit Bridge

SEB · AMEX
Revenue9.75B
Cost of Goods Sold (9.07B)
Gross Profit677.00M
Operating Expenses (450.00M)
Operating Income227.00M
Interest Expense (70.00M)
Other Income/Expense183.00M
Pretax Income410.00M
Income Tax (-91.00M)
Net Income496.00M
Net Income
496.00M

Profitability Analysis

Gross Margin

6.9%

Thin margins leave little room for error. Cost management and pricing strategy are critical.

Operating Margin

2.3%

Minimal operating profit suggests high operating costs or pricing challenges. Scalability is concerning.

Net Profit Margin

5.1%

Moderate profitability with room for improvement. Monitor interest expenses and tax efficiency.

Effective Tax Rate

-22.2%

Below-average tax rate suggests effective tax planning, favorable jurisdictions, or tax credits.

Profitability Insight

Efficient profit conversion: Minimal margin compression from gross to net indicates lean operations and favorable tax/interest environment.

6.95%
Gross Profit Margin
10%
3Y-24.0%
5Y-14.0%
10Y-25.0%
2.33%
Operating Profit Margin
36%
3Y-60.0%
5Y-32.0%
10Y-46.0%
5.09%
Net Profit Margin
426%
3Y-1.0%
5Y+28.0%
10Y-12.0%
9.52%
Return on Equity
411%
3Y-18.0%
5Y+28.0%
10Y-4.0%
6.02%
Return on Assets
424%
3Y-18.0%
5Y+40.0%
10Y-8.0%
3.11%
Return on Invested Capital
267%
3Y-67.0%
5Y-24.0%
10Y-32.0%
SEB

Seaboard Corporation Cash Conversion Engine

SEB · AMEX
Net Income496.00M
Depreciation & Amortization318.00M
Stock-Based Compensation0.00
Change in Working Capital-100.00M
Others-70.00M
Capital Expenditures-562.00M
Free Cash Flow6.00M

Cash Flow Quality Analysis

FCF Conversion Rate

1.2%

Weak cash conversion. Significant portion of earnings not converting to cash—review working capital trends and capital intensity.

CapEx Intensity

98.9%

Very high capital intensity consumes most operating cash flow. Limited flexibility for dividends or debt reduction.

FCF Growth Trend

-25.0%

Significant FCF decline raises concerns. Urgent review needed of operational performance and capital allocation.

Working Capital Impact

-$100.00M

Significant working capital drain. Growth may be consuming cash through inventory buildup or receivables extension—monitor closely.

Cash Flow Quality Insight

Deteriorating cash generation: Both declining FCF and weak conversion rate signal fundamental challenges. Investigate margin pressure, rising costs, or working capital issues.

seb

Seaboard Corporation Funding & Solvency Profile

SEB · AMEX
Cash & Cash Equivalents111.00M
Net Receivables748.00M
Inventory1.72B
Other Current Assets133.00M
Total Current Assets4 B
Property, Plant & Equipment3.22B
Goodwill & Intangible Assets168.00M
Long-Term Investments805.00M
Other Non-Current Assets330.00M
Total Non-Current Assets4 B
Total Assets
8.43B

Financial Health Analysis

Current Ratio

2.38x

Excellent liquidity position. The company can easily cover its short-term obligations with substantial cushion.

Debt-to-Equity Ratio

0.57x

Balanced capital structure with moderate leverage. Equity exceeds debt, suggesting healthy financial stability.

Working Capital

2 B

Strong working capital position provides significant operational flexibility and financial cushion.

Asset Composition

45% Current

Balanced asset mix between current and non-current assets, typical of many stable businesses.

Financial Health Insight

Strong financial foundation: Excellent liquidity combined with conservative leverage suggests the company is well-positioned to weather economic uncertainties and fund growth opportunities.

seb

Seaboard Corporation Street Expectations Map

SEB · AMEX

No Target Data

No analyst price targets available for seb.

seb

Seaboard Corporation Insider Positioning

SEB · AMEX

During the last 12 months, there has been no insider trading activity reported for SEB.

3 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

3-6 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

6-9 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

9-12 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

Top Buyers

No buying activity

Top Sellers

No selling activity

Insider Activity Analysis

Net Insider Sentiment

Neutral

No insider trading activity reported. This could indicate blackout periods, lack of conviction, or regulatory restrictions.

Insider Participation

No Activity

No insider trading activity reported from any insiders in the past year.

0.60%
Dividend Yield
759%
3Y+776.0%
5Y+786.0%
10Y-
 

seb Dividend History

SEB
10Y CAGR +12%
Latest $2.25
Annual $9
5 year growth trend
Last Period: +0%