Seaboard Corporation (SEB) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-172.8%

-$2,757.33

vs $3,786.89 price

Levered DCF

-$1,662.78

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

3.32

Safe zone

Rating

Overall 4 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	8.61×	26.81×	17.66×	7.56×	8.01×	12.44×	17.27×	-243.66×
P/B	0.82×	0.5×	0.86×	0.88×	1.03×	0.92×	1.38×	1.25×
P/S	0.44×	0.26×	0.42×	0.39×	0.49×	0.49×	0.72×	0.63×
EV / EBITDA	9.77×	8.77×	27.62×	6.54×	10.01×	12.39×	26.76×	13.46×
Gross margin	6.9%	6.3%	3.3%	9.2%	8.9%	8.1%	6.5%	8.4%
Operating margin	2.3%	1.7%	-0.9%	5.8%	5.0%	3.4%	1.6%	3.6%
Net margin	5.1%	1.0%	2.4%	5.2%	6.2%	4.0%	4.2%	-0.3%
Current ratio	2.4×	2.5×	2.52×	2.63×	2.61×	3.12×	2.87×	3.86×
Debt / equity	0.35×	0.38×	0.36×	0.33×	0.4×	0.39×	0.44×	0.28×
Interest coverage	3.24×	2.17×	-1.5×	16.43×	35.23×	12.89×	3.06×	5.36×
Dividend yield	0.2%	0.4%	0.3%	0.2%	0.2%	0.3%	0.2%	0.2%
Payout ratio	1.8%	10.2%	4.4%	1.7%	1.8%	3.5%	3.5%	-41.2%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	9.5%	1.9%	4.9%	11.6%	12.9%	7.4%	8.0%	-0.5%
Return on invested capital	3.1%	0.8%	-1.3%	9.4%	6.2%	4.1%	1.9%	4.6%
Return on assets	6.0%	1.1%	3.0%	7.3%	7.6%	4.3%	4.4%	-0.3%
Free cash flow yield	0.1%	0.3%	5.1%	4.6%	-8.1%	0.9%	-3.6%	1.8%
Earnings yield	11.6%	3.7%	5.7%	13.2%	12.5%	8.0%	5.8%	-0.4%
Enterprise value	$5.9B	$4.1B	$5.6B	$5.8B	$6.2B	$4.9B	$6.4B	$4.9B
Net debt / EBITDA	2.71×	3.69×	7.97×	1.61×	2.69×	3.57×	6.03×	2.02×
Cash conversion cycle (days)	73	74	71	74	85	77	75	65