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Seaboard Piotroski F-Score

: 7 (As of Today)
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Good Sign:

Piotroski F-Score is 7, indicating very healthy situation.

The zones of discrimination were as such:

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Seaboard has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

The historical rank and industry rank for Seaboard's Piotroski F-Score or its related term are showing as below:

AMEX:SEB' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 6   Max: 9
Current: 7

2
9

During the past 13 years, the highest Piotroski F-Score of Seaboard was 9. The lowest was 2. And the median was 6.


Seaboard Piotroski F-Score Historical Data

The historical data trend for Seaboard's Piotroski F-Score can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Seaboard Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Piotroski F-Score
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 8.00 7.00 6.00 5.00 7.00

Seaboard Quarterly Data
Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21
Piotroski F-Score Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.00 6.00 7.00 8.00 7.00

Competitive Comparison

For the Conglomerates subindustry, Seaboard's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

   

Seaboard Piotroski F-Score Distribution

For the Conglomerates industry and Industrials sector, Seaboard's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Seaboard's Piotroski F-Score falls into.


How is the Piotroski F-Score calculated?

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

This Year (Jun21) TTM:Last Year (Jun20) TTM:
Net Income was 147 + 265 + 179 + 176 = $767 Mil.
Cash Flow from Operations was 34 + 257 + -150 + 82 = $223 Mil.
Revenue was 1645 + 1990 + 2059 + 2430 = $8,124 Mil.
Gross Profit was 118 + 230 + 178 + 253 = $779 Mil.
Average Total Assets from the begining of this year (Jun20)
to the end of this year (Jun21) was
(5873 + 5976 + 6399 + 6693 + 7070) / 5 = $6402.2 Mil.
Total Assets at the begining of this year (Jun20) was $5,873 Mil.
Long-Term Debt & Capital Lease Obligation was $1,026 Mil.
Total Current Assets was $3,878 Mil.
Total Current Liabilities was $1,413 Mil.
Net Income was -7 + 179 + -103 + -27 = $42 Mil.

Revenue was 1663 + 1812 + 1683 + 1808 = $6,966 Mil.
Gross Profit was 74 + 186 + 135 + 89 = $484 Mil.
Average Total Assets from the begining of last year (Jun19)
to the end of last year (Jun20) was
(5901 + 5946 + 6349 + 6155 + 5873) / 5 = $6044.8 Mil.
Total Assets at the begining of last year (Jun19) was $5,901 Mil.
Long-Term Debt & Capital Lease Obligation was $1,041 Mil.
Total Current Assets was $2,914 Mil.
Total Current Liabilities was $1,022 Mil.

*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.

Profitability

Question 1. Return on Assets (ROA)

Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Seaboard's current Net Income (TTM) was 767. ==> Positive ==> Score 1.

Question 2. Cash Flow Return on Assets (CFROA)

Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Seaboard's current Cash Flow from Operations (TTM) was 223. ==> Positive ==> Score 1.

Question 3. Change in Return on Assets

Compare this year's return on assets (1) to last year's return on assets.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Jun20)
=767/5873
=0.13059765

ROA (Last Year)=Net Income/Total Assets (Jun19)
=42/5901
=0.00711744

Seaboard's return on assets of this year was 0.13059765. Seaboard's return on assets of last year was 0.00711744. ==> This year is higher. ==> Score 1.

Question 4. Quality of Earnings (Accrual)

Compare Cash flow return on assets (2) to return on assets (1)

Score 1 if CFROA > ROA, 0 if CFROA <= ROA.

Seaboard's current Net Income (TTM) was 767. Seaboard's current Cash Flow from Operations (TTM) was 223. ==> 223 <= 767 ==> CFROA <= ROA ==> Score 0.

Funding

Question 5. Change in Gearing or Leverage

Compare this year's gearing (long-term debt divided by average total assets) to last year's gearing.

Score 0 if this year's gearing is higher, 1 otherwise.

Gearing (This Year: Jun21)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun20 to Jun21
=1026/6402.2
=0.16025741

Gearing (Last Year: Jun20)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun19 to Jun20
=1041/6044.8
=0.17221413

Seaboard's gearing of this year was 0.16025741. Seaboard's gearing of last year was 0.17221413. ==> This year is lower or equal to last year. ==> Score 1.

Question 6. Change in Working Capital (Liquidity)

Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.

Score 1 if this year's current ratio is higher, 0 if it's lower

Current Ratio (This Year: Jun21)=Total Current Assets/Total Current Liabilities
=3878/1413
=2.74451522

Current Ratio (Last Year: Jun20)=Total Current Assets/Total Current Liabilities
=2914/1022
=2.85127202

Seaboard's current ratio of this year was 2.74451522. Seaboard's current ratio of last year was 2.85127202. ==> Last year's current ratio is higher ==> Score 0.

Question 7. Change in Shares in Issue

Compare the number of shares in issue this year, to the number in issue last year.

Score 0 if there is larger number of shares in issue this year, 1 otherwise.

Seaboard's number of shares in issue this year was 1.161. Seaboard's number of shares in issue last year was 1.161. ==> There is smaller number of shares in issue this year, or the same. ==> Score 1.

Efficiency

Question 8. Change in Gross Margin

Compare this year's gross margin (Gross Profit divided by sales) to last year's.

Score 1 if this year's gross margin is higher, 0 if it's lower.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=779/8124
=0.09588872

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=484/6966
=0.06948033

Seaboard's gross margin of this year was 0.09588872. Seaboard's gross margin of last year was 0.06948033. ==> This year's gross margin is higher. ==> Score 1.

Question 9. Change in asset turnover

Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.

Score 1 if this year's asset turnover ratio is higher, 0 if it's lower

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Jun20)
=8124/5873
=1.38327941

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun19)
=6966/5901
=1.18047789

Seaboard's asset turnover of this year was 1.38327941. Seaboard's asset turnover of last year was 1.18047789. ==> This year's asset turnover is higher. ==> Score 1.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=1+1+1+0+1+0+1+1+1
=7

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Seaboard has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

Seaboard  (AMEX:SEB) Piotroski F-Score Explanation

The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.

He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.

In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).

He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.

What he found was something that exceeded his most optimistic expectations.

Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.

Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).

Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.


Seaboard Piotroski F-Score Related Terms

Thank you for viewing the detailed overview of Seaboard's Piotroski F-Score provided by GuruFocus.com. Please click on the following links to see related term pages.


Seaboard Business Description

Seaboard logo
Industry
Industrials » Conglomerates NAICS : 551112 SIC : 6719
Traded in Other Exchanges
Address
9000 West 67th Street, Merriam, KS, USA, 66202
Seaboard Corp is a conglomerate of food production and transportation businesses. The group operates six business segments: pork, commodity trading and milling, marine, sugar and alcohol, power, and turkey. The group offers hog production and pork processing, biodiesel production, agriculture commodity trading, agriculture commodity processing and logistics, grain and feed milling, cargo shipping, sugarcane production, alcohol production, sugar refining, power production, turkey production and processing, and production of jalapeno peppers. The largest end markets by revenue are the Caribbean and Central and South America.
Executives
Bresky Jacob A. officer: Vice Pres-Business Development 9000 WEST 67TH STREET 3RD FLOOR SHAWNEE MISSION KS 66202
Bresky Ellen S. director, 10 percent owner 9000 WEST 67TH STREET 3RD FLOOR SHAWNEE MISSION KS 66202
Baena Douglas W director PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> Ownership Information: BAENA DOUGLAS W a.header:link {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:visited {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:hover {color: #191970;}
Sand Darwin E officer: Pres. & CEO, Seaboard Foods 9000 WEST 67TH STREET SHAWNEE MISSION KS 66202
Winfield Ivan J. Jr officer: VP-Information Technology 9000 WEST 67TH STREET SHAWNEE MISSION KS 66202
Moss Ralph L officer: Senior Vice President 818 CONNECTICUT AVE NW STE 801 WASHINGTON DC 20006
Bresky Steven J director, 10 percent owner, officer: President & CEO P.O. BOX 2972 SHAWNEE MISSION KS 66201
Squires Paul M. director SEABOARD FLOUR 1320 CENTRE STREET, SUITE 200 NEWTON CENTER MA 02459
Trollinger Michael D. officer: VP, Corporate Controller, CAO 9000 WEST 67TH STREET SHAWNEE MISSION KS 66202
Holden Zachery J officer: Assistant Secretary 9000 WEST 67TH STREET MERRIAM KS 66202
Shifman Edward I. Jr. director 219 FULLER STREET WEST NEWTON MA 02465
Rodrigues J E director PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> Ownership Information: RODRIGUES J E a.header:link {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:visited {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:hover {color: #191970;}
Becker David M officer: Sr Vice President-Gen. Counsel PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> Ownership Information: BECKER DAVID M a.header:link {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:visited {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:hover {color: #191970;}
Tywater Ty A officer: Vice President 9000 WEST 67TH STREET MERRIAM KS 66202
Rankin David H. officer: Vice President 9000 WEST 67TH STREET SHAWNEE MISSION KS 66202
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