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Seaboard Altman Z-Score

: 3.72 (As of Today)
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Good Sign:

Altman Z-score of 3.72 is strong.

Seaboard has a Altman Z-Score of 3.72, indicating it is in Safe Zones. This implies the Altman Z-Score is strong.

The zones of discrimination were as such:

When Altman Z-Score <= 1.8, it is in Distress Zones.
When Altman Z-Score >= 3, it is in Safe Zones.
When Altman Z-Score is between 1.8 and 3, it is in Grey Zones.

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

SEB' s Altman Z-Score Range Over the Past 10 Years
Min: 1.65   Med: 3.76   Max: 6.92
Current: 3.72

During the past 13 years, Seaboard's highest Altman Z-Score was 6.92. The lowest was 1.65. And the median was 3.76.


Seaboard Altman Z-Score Historical Data

The historical data trend for Seaboard's Altman Z-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 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Altman Z-Score
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.74 4.02 3.64 3.46 3.72

Seaboard Quarterly Data
Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
Altman Z-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 3.77 3.85 3.72 3.76 3.65

Competitive Comparison

For the Conglomerates subindustry, Seaboard's Altman Z-Score, along with its competitors' market caps and Altman Z-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 Altman Z-Score Distribution

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

* The bar in red indicates where Seaboard's Altman Z-Score falls into.



Seaboard Altman Z-Score Calculation

Altman Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.

Seaboard's Altman Z-Score for today is calculated with this formula:

Z=1.2*X1+1.4*X2+3.3*X3+0.6*X4+1.0*X5
=1.2*0.3052+1.4*0.647+3.3*0.0572+0.6*1.5466+1.0*1.3344
=3.72

* 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. GuruFocus does not calculate Altman Z-Score when X4 or X5 value is 0.

Trailing Twelve Months (TTM) ended in Jun. 2022:
Total Assets was $7,810 Mil.
Total Current Assets was $4,141 Mil.
Total Current Liabilities was $1,757 Mil.
Retained Earnings was $5,053 Mil.
Pre-Tax Income was 62 + 119 + 133 + 104 = $418 Mil.
Interest Expense was -12 + 0 + -6 + -11 = $-29 Mil.
Revenue was 2973 + 2709 + 2464 + 2276 = $10,422 Mil.
Market Cap (Today) was $4,904 Mil.
Total Liabilities was $3,171 Mil.

* Note that for stock reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data.

X1=Working Capital/Total Assets
=(Total Current Assets - Total Current Liabilities)/Total Assets
=(4141 - 1757)/7810
=0.3052

X2=Retained Earnings/Total Assets
=5053/7810
=0.647

X3=Earnings Before Interest and Taxes/Total Assets
=(Pre-Tax Income - Interest Expense)/Total Assets
=(418 - -29)/7810
=0.0572

X4=Market Value Equity/Book Value of Total Liabilities
=Market Cap/Total Liabilities
=4904.281/3171
=1.5466

X5=Revenue/Total Assets
=10422/7810
=1.3344

The zones of discrimination were as such:

Distress Zones - 1.81 < Grey Zones < 2.99 - Safe Zones

Seaboard has a Altman Z-Score of 3.72 indicating it is in Safe Zones.

Study by Altman found that companies that are in Distress Zone have more than 80% of chances of bankruptcy in two years.


Seaboard  (AMEX:SEB) Altman Z-Score Explanation

X1: The Working Capital/Total Assets (WC/TA) ratio is a measure of the net liquid assets of the firm relative to the total capitalization. Working capital is defined as the difference between current assets and current liabilities. Ordinarily, a firm experiencing consistent operating losses will have shrinking current assets in relation to total assets. Altman found this one proved to be the most valuable liquidity ratio comparing with the current ratio and the quick ratio. This is however the least significant of the five factors.

X2: Retained Earnings/Total Assets: the RE/TA ratio measures the leverage of a firm. Retained earnings is the account which reports the total amount of reinvested earnings and/or losses of a firm over its entire life. Those firms with high RE, relative to TA, have financed their assets through retention of profits and have not utilized as much debt.

X3, Earnings Before Interest and Taxes/Total Assets (EBIT/TA): This ratio is a measure of the true productivity of the firm's assets, independent of any tax or leverage factors. Since a firm's ultimate existence is based on the earning power of its assets, this ratio appears to be particularly appropriate for studies dealing with corporate failure. This ratio continually outperforms other profitability measures, including cash flow.

X4, Market Value of Equity/Book Value of Total Liabilities (MVE/TL): The measure shows how much the firm's assets can decline in value (measured by market value of equity plus debt) before the liabilities exceed the assets and the firm becomes insolvent.

X5, Revenue/Total Assets (S/TA): The capital-turnover ratio is a standard financial ratio illustrating the sales generating ability of the firm's assets.

Read more about Altman Z-Score and the original research.


Be Aware

Altman Z-Score does not apply to financial companies.


Seaboard Altman Z-Score Related Terms

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


Seaboard Business Description

Seaboard logo
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
Shifman Frances B director 9000 WEST 67TH STREET SHAWNEE MISSION KS 66202
Vacas Jacques Emma Alejandra officer: Assistant Treasurer 9000 WEST 67TH STREET SHAWNEE MISSION KS 66202
Hubler James T officer: Assoc. Gen Counsel & Asst. Sec 9000 WEST 67TH STREET SHAWNEE MISSION KS 66202
Hodes Benjamin R officer: Vice President, Finance 9000 WEST 67TH STREET SHAWNEE MISSION KS 66202
Loudon Elizabeth A officer: Vice President, Tax 9000 WEST 67TH STREET SHAWNEE MISSION KS 66202
Warner John B officer: Vice President-Human Resources 9000 WEST 67TH STREET SHAWNEE MISSION KS 66202
Hoskins Adriana N officer: Vice President and Treasurer 9000 WEST 67TH STREET MERRIAM KS 66202
Brown Peter B officer: Pres. & CEO, Seaboard Foods 9000 WEST 67TH STREET SHAWNEE MISSION KS 66202
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
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
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
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