SE

Seaport Entertainment Group Inc.

SEG·NYSE

$24.28

-2.8%
Real EstateReal Estate - Services

Seaport Entertainment Group Inc. owns, develops, and operates a portfolio of entertainment and real estate assets primarily in New York City and Las Vegas. The company operates through three segments: Landlord Operations; Hospitality; and Sponsorships, Events, and Entertainment. The Landlord Operations segment engages in the holding of ownership interests in and operation of physical real estate assets, such as restaurant, retail, office, and entertainment properties, as well as residential units. The Hospitality segment operates six fine dining and casual dining restaurants, cocktail bars, and nightlife and entertainment venues under The Fulton, Mister Dips, Carne Mare, Malibu Farm, Gitano, and The Lawn Club brands; and the Tin Building, which offers restaurants, bars, grocery markets, retail, and private dining experiences. The Sponsorships, Events, and Entertainment segment includes the Las Vegas Aviators Triple-A Minor League Baseball team, the Las Vegas Ballpark, the Fashion Show Mall Air Rights, Seaport events, and concerts, as well as various sponsorship agreements across the Seaport and the Las Vegas Ballpark. Seaport Entertainment Group Inc. was incorporated in 2024 and is headquartered in New York, New York.

At a Glance

Live Snapshot
Market Cap$310.83M
EPS-9.1800
P/E Ratio-2.15
Earnings Date08/17/2026

Intrinsic Alpha Methodology

Thesis Lenses

Signal · Driver · Risk

Signal

Medium confidence

Valuation multiple is compressed (P/E -2.1).

Valuation inputs: P/E -2.1, earnings yield N/A, momentum -2.8%.

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

Driver

High confidence

Return profile is soft (ROE -25.6%, ROIC -1.4%).

Profitability stack: net margin -89.5%, ROE -25.6%, ROIC -1.4%.

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 +28.3%, momentum -2.8%, net margin -89.5%.

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

s

Seaport Entertainment Group Inc. Market vs Earnings Trajectory

SEG · NYSE

Loading price and EPS data...

SE

Seaport Entertainment Group Inc. Fair Value Envelope

SEG · NYSE

Our analysis suggests that SEG has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $24.28, this represents a potential HIDDEN relative to our calculated worth for Seaport Entertainment Group Inc..

Intrinsic Value
Current Price: $24.28
3Y+4.0%
5Y+43.0%
10Y+43.0%
3Y+10.0%
5Y+58.0%
10Y+58.0%
3Y+5.0%
5Y+44.0%
10Y+44.0%
3Y+47.0%
5Y+21.0%
10Y+21.0%
3Y+4.0%
5Y-4.0%
10Y-4.0%
3Y-51.0%
5Y-51.0%
10Y-51.0%
SE

Seaport Entertainment Group Inc. Profit Bridge

SEG · NYSE
Revenue130.41M
Cost of Goods Sold (160.55M)
Gross Profit-30.37M
Operating Expenses (73.94M)
Operating Income-104.31M
Interest Expense (456.00K)
Other Income/Expense-11.03M
Pretax Income-115.34M
Income Tax (0.00)
Net Income-116.74M
Net Income
-116.74M

Profitability Analysis

Gross Margin

-23.3%

Negative gross margin indicates the company is losing money on each sale—unsustainable long-term.

Operating Margin

-80.0%

Operating losses indicate the core business is unprofitable. Requires restructuring or revenue growth.

Net Profit Margin

-89.5%

Net losses indicate the company is burning cash. Sustainability depends on path to profitability.

Profitability Insight

High margin compression: Large gap between gross and net margins suggests operational inefficiencies or heavy debt burden. Focus on expense management and deleveraging.

-23.29%
Gross Profit Margin
-171%
3Y-166.0%
5Y-175.0%
10Y-175.0%
-79.99%
Operating Profit Margin
-13%
3Y+43.0%
5Y-13.0%
10Y-13.0%
-89.52%
Net Profit Margin
-35%
3Y-4.0%
5Y-9.0%
10Y-9.0%
-25.57%
Return on Equity
-6%
3Y+152.0%
5Y-
10Y-
-17.96%
Return on Assets
-13%
3Y+112.0%
5Y-
10Y-
-135.42%
Return on Invested Capital
861%
3Y+2523.0%
5Y-
10Y-
S

Seaport Entertainment Group Inc. Cash Conversion Engine

SEG · NYSE
Net Income-115.34M
Depreciation & Amortization28.41M
Stock-Based Compensation15.08M
Change in Working Capital5.46M
Others22.99M
Capital Expenditures0.00
Free Cash Flow-43.40M

Cash Flow Quality Analysis

FCF Conversion Rate

37.6%

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

FCF Growth Trend

+27.0%

Strong FCF growth demonstrates improving cash generation and business momentum. Positive signal for sustainability.

Working Capital Impact

+$5.46M

Working capital inflow boosted cash flow. Efficient management of receivables, inventory, and payables contributing positively.

s

Seaport Entertainment Group Inc. Funding & Solvency Profile

SEG · NYSE
Cash & Cash Equivalents77.81M
Net Receivables7.15M
Inventory0.00
Other Current Assets0.00
Total Current Assets85 M
Property, Plant & Equipment45.10M
Goodwill & Intangible Assets14.22M
Long-Term Investments16.68M
Other Non-Current Assets-30.90M
Total Non-Current Assets31 M
Total Assets
650.12M

Financial Health Analysis

Current Ratio

1.50x

Strong liquidity. The company has adequate resources to meet short-term liabilities.

Debt-to-Equity Ratio

0.39x

Conservative capital structure. The company relies primarily on equity financing, indicating low financial risk.

Working Capital

28 M

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

Asset Composition

13% Current

Capital-intensive business with significant long-term investments in property, equipment, or intangibles.

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.

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Seaport Entertainment Group Inc. Street Expectations Map

SEG · NYSE

Wall Street analysts project that SEG stock may rise significantly over the coming 12 months. The consensus 1-year price target stands at 27.50, with estimates ranging from a low of 27.50 to a high of 27.50.

Lowest Target
27.50
13.26%
Consensus Target
27.50
13.26%
Highest Target
27.50
13.26%

The consensus 1-year price target stands at 27.50, with estimates ranging from a low of 27.50 to a high of 27.50.

Analyst Consensus Analysis

Upside Potential

+13.3%

Moderate upside. Analysts expect positive returns but with limited margin of safety. Consider entry timing.

Analyst Agreement

0.0% spread

High analyst agreement. Narrow target range indicates strong consensus on valuation, suggesting clear investment thesis and predictable outlook.

Analyst Conviction

High

Positive outlook with reasonable agreement. Analysts generally optimistic about prospects with manageable uncertainty.

Market Sentiment Insight

Monitor and evaluate: Current analyst consensus suggests limited conviction or near-term catalysts. Stay informed on company developments and reassess positioning as new information emerges.

s

Seaport Entertainment Group Inc. Insider Positioning

SEG · NYSE

During the last 12 months, insiders have purchased $560K and sold $172K worth of SEG shares, resulting in $388K of net buying activity.

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

22.2K

559.83K

Sold

0

0.00

Net Activity

+560K

+$560K

9-12 Months

Bought

0

0.00

Sold

7.7K

172.06K

Net Activity

-172K

-$172K

Top Buyers

1
PMM

Partridge Matthew Morris

Director, Officer: Chief Executive Officer

22.2K shares1 transactions

$560K

Top Sellers

1
PMM

Partridge Matthew Morris

Officer: Chief Financial Officer

5.4K shares1 transactions

$122K

2
EL

Elaiwat Lenah

Officer: Chief Accounting Officer

1.2K shares1 transactions

$26K

3
FL

Fato Luciana

Officer: General Counsel

1.1K shares1 transactions

$24K

Insider Activity Analysis

Net Insider Sentiment

Bullish

Strong bullish signal with $388K net buying. Insiders are aggressively accumulating shares, suggesting significant confidence in future prospects.

Buy/Sell Ratio

3.25:1

Exceptional buy/sell ratio. Buying dramatically outweighs selling—one of the strongest possible insider signals.

Insider Participation

High Selling

3 insider sellers vs. 1 buyers. Widespread selling across multiple insiders may signal concerns.

No Dividend Yield Data

SEG has not reported any dividend yield values in the available annual periods.

 

seg Dividend History

SEG
10Y CAGR +0%
Latest $0
Annual $0
Stable dividend payments
Last Period: +0%