Seaboard (SEB) AI Stock Analysis

• Market Cap: $2.63B
• Dividend Yield: 0.33%
• Average Volume (3M): 1.99K
• Price to Earnings (P/E): 26.9
• Beta (1Y): 0.11
• Revenue Growth: -0.31%
• EPS Growth: -58.07%
• Country: US
• Employees: 14,000
• Sector: Industrials
• Sector Strength: 90
• Industry: Conglomerates
• EPS (TTM): 32.95
• Shares Outstanding: 971,055
• 10 Day Avg. Volume: 2,325
• 30 Day Avg. Volume: 1,987
• PEG Ratio: 4.31
• Price to Book (P/B): 0.88
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 21.69
• Enterprise Value/Market Cap: 2.21
• Enterprise Value/Revenue: 0.16
• Enterprise Value/Gross Profit: 8.85
• Enterprise Value/Ebitda: 2.64
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 54 Neutral
• Price Target: $2,647.00 ▼(-3.71%Downside)

Seaboard's overall stock score reflects its financial stability and low leverage, but is weighed down by low profitability and challenging cash flow management. The technical indicators suggest a neutral to bearish outlook, and the valuation appears high relative to earnings. The recent share buyback program is a positive strategic move but has limited immediate impact on the score.

Seaboard Business Overview & Revenue Model

Company Description

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.

How the Company Makes Money

Seaboard Corporation generates revenue through a variety of business segments, each contributing to its overall earnings. The primary revenue stream comes from its agribusiness segment, which includes the production and sale of pork products, animal nutrition, and commodity trading. The company owns and operates vertically integrated pork production facilities, which allow it to manage costs and maintain quality control from farm to fork. Additionally, Seaboard's transportation segment provides shipping and logistics services, primarily through its fleet of vessels that facilitate international trade. This segment benefits from long-term contracts and the global demand for shipping services. The energy segment, although smaller, contributes to revenue through the sale of electricity and related services. Seaboard's diversified revenue model is bolstered by strategic partnerships and joint ventures, which help expand its market reach and enhance operational efficiency.

Seaboard Financial Statement Overview

Summary

Seaboard demonstrates financial stability with low leverage and strong equity funding. However, profitability is under pressure due to low profit margins and operational efficiency. Cash flow management is challenging, impacting overall financial flexibility.

Income Statement

Seaboard's TTM financials show a modest gross profit margin of 30.6% and a net profit margin of 1.06%. Revenue growth is slightly positive at 1.37% over the previous year. However, EBIT and EBITDA margins are relatively low at 2.49% and 6.1%, respectively, indicating pressure on operational efficiency and profitability.

Balance Sheet

The company maintains a robust balance sheet with a debt-to-equity ratio of 0.08, reflecting low leverage and financial stability. ROE at 2.07% suggests limited profitability relative to equity. An equity ratio of 62.16% highlights substantial equity funding, enhancing financial resilience.

Cash Flow

Seaboard's cash flows indicate a challenging environment, with a negative free cash flow of -$36 million in the TTM. The operating cash flow to net income ratio of 4.9 suggests strong cash generation relative to net income, yet the free cash flow to net income ratio is negative, reflecting cash constraints due to high capital expenditures.

Breakdown
TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
9.22B	9.10B	9.56B	11.24B	9.23B	7.13B
	Gross Profit
657.00M	576.00M	316.00M	1.03B	818.00M	574.00M
	EBIT
230.00M	156.00M	-87.00M	657.00M	458.00M	245.00M
	EBITDA
653.00M	629.00M	448.00M	860.00M	831.00M	477.00M
	Net Income Common Stockholders
98.00M	88.00M	226.00M	580.00M	570.00M	283.00M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
1.10B	1.17B	1.03B	1.28B	1.49B	1.54B
	Total Assets
7.63B	7.67B	7.57B	7.90B	7.50B	6.40B
	Total Debt
1.75B	1.71B	1.67B	1.63B	1.76B	1.41B
	Net Debt
1.66B	1.61B	1.62B	1.43B	1.69B	1.34B
	Total Liabilities
2.87B	2.92B	2.93B	2.89B	3.07B	2.57B
	Stockholders Equity
4.75B	4.73B	4.62B	5.00B	4.42B	3.82B
Cash Flow		Free Cash Flow
-36.00M	8.00M	204.00M	202.00M	-368.00M	32.00M
	Operating Cash Flow
480.00M	519.00M	710.00M	676.00M	92.00M	291.00M
	Investing Cash Flow
-426.00M	-484.00M	-273.00M	-437.00M	-302.00M	-262.00M
	Financing Cash Flow
-45.00M	12.00M	-581.00M	-116.00M	213.00M	-82.00M

Seaboard Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 2749.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SEB, the sentiment is Positive. The current price of 2749 is above the 20-day moving average (MA) of 2646.09, above the 50-day MA of 2598.56, and above the 200-day MA of 2720.97, indicating a bullish trend. The MACD of 47.84 indicates Negative momentum. The RSI at 60.49 is Neutral, neither overbought nor oversold. The STOCH value of 39.51 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SEB.

Seaboard Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GFF	71 Outperform	$3.31B	14.58	110.90%	1.02%	-3.38%	26.22%
MDU	68 Neutral	$3.42B	13.09	9.63%	3.10%	-25.50%	-45.13%
Sector *	66 Neutral	$4.52B	12.34	5.41%	3.62%	4.15%	-12.18%
IRS	65 Neutral	$1.09B	7.67	11.71%	6.79%	-0.52%	―
SPLP	63 Neutral	$793.79M	3.59	24.14%	―	5.83%	72.33%
SEB	54 Neutral	$2.63B	26.86	2.09%	0.33%	-0.31%	-58.07%
CODI	48 Neutral	$480.76M	―	-4.98%	15.65%	6.77%	9.95%

Seaboard Corporate Events

Seaboard Announces $100 Million Share Buyback Program

On May 21, 2025, Seaboard Corporation’s Board of Directors approved a share repurchase program allowing the company to buy back up to $100 million of its common stock by December 31, 2027. This initiative provides flexibility as the company is not obligated to repurchase a minimum number of shares, and decisions will be based on market conditions and the company’s financial state. The repurchased shares will be retired, potentially impacting the company’s stock value and shareholder returns.