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Seaboard (Seaboard) Piotroski F-Score : 4 (As of May. 29, 2024)


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What is Seaboard Piotroski F-Score?

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 4 indicating the company's financial situation is typical for a stable company.

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

SEB' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 6   Max: 8
Current: 4

During the past 13 years, the highest Piotroski F-Score of Seaboard was 8. The lowest was 4. 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 Piotroski F-Score Chart

Seaboard Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.00 7.00 7.00 8.00 4.00

Seaboard Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Piotroski F-Score Get a 7-Day Free Trial 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 6.00 4.00 4.00

Competitive Comparison of Seaboard's Piotroski F-Score

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's Piotroski F-Score Distribution in the Conglomerates Industry

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 (Mar24) TTM:Last Year (Mar23) TTM:
Net Income was 52 + 126 + 64 + 22 = $264 Mil.
Cash Flow from Operations was 111 + 377 + 129 + 19 = $636 Mil.
Revenue was 2393 + 2388 + 2282 + 2191 = $9,254 Mil.
Gross Profit was 96 + 165 + 21 + 87 = $369 Mil.
Average Total Assets from the begining of this year (Mar23)
to the end of this year (Mar24) was
(7795 + 7805 + 7596 + 7566 + 7577) / 5 = $7667.8 Mil.
Total Assets at the begining of this year (Mar23) was $7,795 Mil.
Long-Term Debt & Capital Lease Obligation was $1,299 Mil.
Total Current Assets was $3,387 Mil.
Total Current Liabilities was $1,334 Mil.
Net Income was 108 + 146 + 223 + -16 = $461 Mil.

Revenue was 2973 + 2895 + 2666 + 2499 = $11,033 Mil.
Gross Profit was 281 + 247 + 266 + 34 = $828 Mil.
Average Total Assets from the begining of last year (Mar22)
to the end of last year (Mar23) was
(7669 + 7810 + 7744 + 7902 + 7795) / 5 = $7784 Mil.
Total Assets at the begining of last year (Mar22) was $7,669 Mil.
Long-Term Debt & Capital Lease Obligation was $998 Mil.
Total Current Assets was $3,866 Mil.
Total Current Liabilities was $1,453 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 264. ==> 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 636. ==> 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 (Mar23)
=264/7795
=0.03386786

ROA (Last Year)=Net Income/Total Assets (Mar22)
=461/7669
=0.06011214

Seaboard's return on assets of this year was 0.03386786. Seaboard's return on assets of last year was 0.06011214. ==> Last year is higher ==> Score 0.

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 264. Seaboard's current Cash Flow from Operations (TTM) was 636. ==> 636 > 264 ==> CFROA > ROA ==> Score 1.

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: Mar24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar23 to Mar24
=1299/7667.8
=0.16940974

Gearing (Last Year: Mar23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar22 to Mar23
=998/7784
=0.12821172

Seaboard's gearing of this year was 0.16940974. Seaboard's gearing of last year was 0.12821172. ==> Last year is lower than this year ==> Score 0.

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: Mar24)=Total Current Assets/Total Current Liabilities
=3387/1334
=2.53898051

Current Ratio (Last Year: Mar23)=Total Current Assets/Total Current Liabilities
=3866/1453
=2.660702

Seaboard's current ratio of this year was 2.53898051. Seaboard's current ratio of last year was 2.660702. ==> 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 0.971. 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
=369/9254
=0.03987465

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=828/11033
=0.07504758

Seaboard's gross margin of this year was 0.03987465. Seaboard's gross margin of last year was 0.07504758. ==> Last year's gross margin is higher ==> Score 0.

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 (Mar23)
=9254/7795
=1.18717126

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar22)
=11033/7669
=1.43864911

Seaboard's asset turnover of this year was 1.18717126. Seaboard's asset turnover of last year was 1.43864911. ==> Last year's asset turnover is higher ==> Score 0.

Evaluation

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

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

Seaboard has an F-score of 4 indicating the company's financial situation is typical for a stable company.

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 (Seaboard) Business Description

Traded in Other Exchanges
Address
9000 West 67th Street, Merriam, KS, USA, 66202
Seaboard Corp is a diversified group of companies that operate in agricultural and ocean transport businesses. The company is engaged in hog production and pork processing in the United States; commodity trading and grain processing in Africa and South America; cargo shipping services in the U.S., Caribbean and Central and South America; sugar and alcohol production in Argentina; and electric power generation in the Dominican Republic. It also has an equity method investment in Butterball, LLC, a producer and processor of turkey products. The group operates six business segments: pork, commodity trading and milling, marine, sugar and alcohol, power, and turkey. It operates in 45 countries, with a concentration in the U.S. and countries in Central and South America and Africa.
Executives
Cerezo Baena Laura P officer: Assistant Secretary 9000 W 67TH STREET, SHAWNEE MISSION KS 66202
Barbara M Smith officer: Interim Controller and PAO 9000 W 67TH STREET, MERRIAM KS 66202
Frances B Shifman director 9000 WEST 67TH STREET, SHAWNEE MISSION KS 66202
Vacas Jacques Emma Alejandra officer: Assistant Treasurer 9000 WEST 67TH STREET, SHAWNEE MISSION KS 66202
James T Hubler officer: Assoc. Gen Counsel & Asst. Sec 9000 WEST 67TH STREET, SHAWNEE MISSION KS 66202
Benjamin R Hodes officer: Vice President, Finance 9000 WEST 67TH STREET, SHAWNEE MISSION KS 66202
Elizabeth A Loudon officer: Vice President, Tax 9000 WEST 67TH STREET, SHAWNEE MISSION KS 66202
John B Warner officer: Vice President-Human Resources 9000 WEST 67TH STREET, SHAWNEE MISSION KS 66202
Adriana N Hoskins officer: Vice President and Treasurer 9000 WEST 67TH STREET, MERRIAM KS 66202
Peter B Brown officer: Pres. & CEO, Seaboard Foods 9000 WEST 67TH STREET, SHAWNEE MISSION KS 66202
Jacob A. Bresky officer: Vice Pres-Business Development 9000 WEST 67TH STREET, 3RD FLOOR, SHAWNEE MISSION KS 66202
Ellen S. Bresky director, 10 percent owner 9000 WEST 67TH STREET, 3RD FLOOR, SHAWNEE MISSION KS 66202
Douglas W Baena director
Darwin E Sand 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

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