SEB
SEABOARD CORP /DE/
Next earnings Jul 27, 2026
Last earnings +1.8% on 2026-05-05
$4,738.08
▲ +0.05%$4,738.08▲ +66.57%
over 1Y
L $2,837.13EODHDH $5,956.04
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today+0.1%
1W-2.3%
1M-6.2%
3M-14.7%
YTD+7.2%
1Y+66.6%
Hold
Conviction
Horizon
Long (>12mo)
12-mo target
$•••
Asset-rich, cheaply valued agribusiness trading below book, but commodity cyclicality makes earnings violently volatile.
Net income $501M · FY2025
The read
Middling fundamentals offset by an attractive price (~313% below fair value) — worth a look on the value angle.
Seaboard is a diversified, family-controlled agribusiness spanning pork production, commodity trading & milling, marine shipping, sugar/alcohol, and power. FY2025 was a strong rebound year: revenue grew 7.1% to $9.75B, gross profit rose 20.3%, operating income jumped 53.2% to $239M, and net income surged 456.7% to $501M (diluted EPS $514.46) off a deeply depressed FY2024 base of just $90M. Notably, net income ($501M) far exceeds operating income ($239M), meaning a large share of earnings came from non-operating sources — equity-method affiliates and investment results — which is characteristic of Seaboard's structure but makes earnings quality and repeatability harder to gauge.
Financials · annual, by fiscal year
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $9.23B | $11.2B | $9.56B | $9.10B | $9.75B |
| Gross profit | $818M | $1.03B | $316M | $576M | $693M |
| Operating income | $458M | $657M | -$87.0M | $156M | $239M |
| Net income | $571M | $582M | $227M | $90.0M | $501M |
| Diluted EPS | — | $499.66 | $202.21 | $90.62 | $514.46 |
| Net margin | 6.2% | 5.2% | 2.4% | 1.0% | 5.1% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Key statistics
Valuation
Enterprise value$5.35B
EV / EBITDA9.6
EV / Sales0.5
EV / FCF890.9
P / FCF756.4
PEG (trailing)0.02
Earnings yield11.0%
FCF yield0.1%
Quality & risk
ROIC (est.)3.0%
Free cash flow$6.00M
Total debt$985M
Net cash-$807M
Altman Z-Score3.43 safe
Piotroski F-Score7/9
Capital returns
Buyback yield0.9%
Dividend yield (est.)0.2%
Shareholder yield1.1%
Shares Δ YoY-1.4%
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Disclosure timeline
SEC · 8-Ks + reportsRoutine disclosure cadence — no material red flags in recent filings.
Recent filings
all on EDGAR ↗10-QPeriod ending 2026-04-042026-05-05open ↗8-KPeriod ending 2026-05-052026-05-05open ↗8-KPeriod ending 2026-04-222026-04-22open ↗ARSPeriod ending 2025-12-312026-03-06open ↗DEF 14APeriod ending 2026-04-202026-03-06open ↗10-KPeriod ending 2025-12-312026-02-12open ↗8-KPeriod ending 2026-02-122026-02-12open ↗10-QPeriod ending 2025-09-272025-10-28open ↗8-KPeriod ending 2025-10-282025-10-28open ↗10-QPeriod ending 2025-06-282025-07-29open ↗8-KPeriod ending 2025-07-292025-07-29open ↗8-KPeriod ending 2025-05-212025-05-21open ↗
Frequently asked
- Is SEABOARD CORP /DE/ (SEB) a buy?
- SEB currently carries a Hold rating with 3/5 conviction, derived from its latest SEC filings. Asset-rich, cheaply valued agribusiness trading below book, but commodity cyclicality makes earnings violently volatile.
- What is SEB's fair value?
- A Modified-Graham model based on SEB's SEC fundamentals estimates a fair value of about $19,549.48. It is an estimate from reported earnings, not a price target.
- Is SEB overvalued or undervalued?
- Against a Modified-Graham fair-value estimate, SEB currently appears undervalued relative to its SEC-grounded earnings power.
- What is SEABOARD CORP /DE/'s quality score?
- SEB scores 77.62745098039215/100 (grade B+) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.
Sources: SEC EDGAR (CIK 0000088121, latest 10-Q filed 2026-05-05) · EODHD · analysis by claude-code · as of 6/21/2026, 9:01:28 PM.
Research and education only — not financial advice. EDGAR is not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities EDGAR rates; see Disclosures. Past performance does not guarantee future results. Do your own research.