Seaboard Corp
SEB—
Build a strategy around SEB
Seaboard Corp AI Insights
Informational only. Not investment advice.Snapshot
- P/B of 0.89x means market values SEB below liquidation value despite 8.4% ROE TTM and 4.0B tangible book value[Price to Book Ratio]
- Gross profit up 44.5% YoY on flat 9% 5Y revenue CAGR signals major margin recovery in commodity operations[Gross Profit 1Y Growth]
- FCF of 115M TTM constrained by 565M capex (49% of EBITDA) - heavy reinvestment cycle limits near-term returns[Free Cash Flow TTM]
Watch Triggers
- Gross Margin TTM: Falls below 5% — At 7.4% now, drop to 5% would eliminate operating income given fixed cost structure
- Free Cash Flow TTM: Turns negative for 2+ quarters — With 513M current debt and 205M cash, negative FCF forces refinancing or asset sales
- Inventory: Rises above 1.6B — 1.4B inventory already up 167M YoY - buildup signals demand weakness or margin compression
Bull Case
Trading at 0.89x book with 6% ROIC and 11x P/E - deep value with asset protection. Tangible book of 4.8B exceeds market cap by 13%.
Price to Book RatioROIC TTMP/E Ratio
Vertically integrated pork/grain operations with 9.8B revenue provide inflation hedge and pricing power through commodity cycles.
Total Revenue TTMGross Profit 1Y GrowthAsset Turnover TTM
Bear Case
Razor-thin 2.9% operating margin leaves no buffer - single bad quarter in pork or grain markets erases profitability entirely.
Operating Margin TTMGross Margin TTM
1.9B debt at 0.39x D/E with only 205M cash and 115M FCF - limited flexibility if commodity downturn extends.
Total DebtCash and EquivalentsFree Cash Flow TTM
Bull vs Bear Balance
AI-generated sentiment analysis based on fundamental metrics and market conditions.
55%
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Forward Thesis
Margin normalization should drive 15-20% earnings growth as commodity cycle stabilizes
1-3ymed
- Gross margin recovered to 7.4% from cyclical lows
- Operating leverage on 9.8B revenue base
- Capex cycle maturing with 3.2B PPE in place
Gross profit +44.5% YoY vs revenue +9% 5Y CAGROperating margin 2.9% vs industry median 0%EBITDA 816M TTM covering 71M interest 11.5x
Valuation Context
Caveats
Public Strategies Rankings
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SEB Fundamentals
Management of Companies and Enterprises → Management of Companies and Enterprises
| Metric | Value | YoY Growth | Industry Percentile |
|---|---|---|---|
$4.75B | — | ||
$6.4B | — | ||
9.6 | — | ||
$9.75B | +7.1% | — | |
$514.46 | +467.7% | — | |
2.45% | +0.7% | — | |
5.09% | +4.1% | — | |
$6.0M | -25.0% | — | |
9.98% | +8.1% | — | |
Beta 5Y (Monthly) | unknown | — |
SEB Dividend History
82 dividends
2026
$2.250002/23/26$2.2500
2025
$9.000011/07/25$2.2500
08/08/25$2.2500
05/08/25$2.2500
02/24/25$2.2500
2024
$9.000011/08/24$2.2500
08/09/24$2.2500
05/09/24$2.2500
02/22/24$2.2500
2023
$9.000011/08/23$2.2500
08/10/23$2.2500
05/12/23$2.2500
02/23/23$2.2500
2022
$9.000011/09/22$2.2500
08/11/22$2.2500
05/12/22$2.2500
02/24/22$2.2500
2021
$9.000011/10/21$2.2500
08/12/21$2.2500
05/13/21$2.2500
02/25/21$2.2500
2020
$9.000011/05/20$2.2500
08/06/20$2.2500
05/06/20$2.2500
02/28/20$2.2500
2019
$9.000011/07/19$2.2500
08/09/19$2.2500
05/09/19$2.2500
03/01/19$2.2500
2018
$6.000011/08/18$1.5000
08/17/18$1.5000
05/11/18$1.5000
03/02/18$1.5000
2017
$6.000011/10/17$1.5000
08/10/17$1.5000
05/11/17$1.5000
02/09/17$1.5000
2012
$12.000012/13/12$12.0000
2010
$9.000012/16/10$6.7500
09/15/10$0.7500
06/16/10$0.7500
03/17/10$0.7500
2009
$3.000012/17/09$0.7500
09/16/09$0.7500
06/17/09$0.7500
03/18/09$0.7500
2008
$3.000012/18/08$0.7500
09/17/08$0.7500
06/18/08$0.7500
03/18/08$0.7500
2007
$3.000012/19/07$0.7500
09/14/07$0.7500
06/15/07$0.7500
03/16/07$0.7500
2006
$3.000012/19/06$0.7500
09/15/06$0.7500
06/16/06$0.7500
03/17/06$0.7500
2005
$3.000012/16/05$0.7500
09/16/05$0.7500
06/16/05$0.7500
03/17/05$0.7500
2004
$3.000012/17/04$0.7500
09/16/04$0.7500
06/17/04$0.7500
03/18/04$0.7500
2003
$3.000012/17/03$0.7500
09/17/03$0.7500
06/18/03$0.7500
03/19/03$0.7500
2002
$2.500012/19/02$0.7500
09/18/02$0.7500
06/14/02$0.7500
03/15/02$0.2500
2001
$1.000012/19/01$0.2500
09/14/01$0.2500
06/15/01$0.2500
03/16/01$0.2500
2000
$1.000012/15/00$0.2500
09/15/00$0.2500
06/16/00$0.2500
03/17/00$0.2500
SEB Stock Splits
No stock splits
SEB SEC Filings
| Filing Date | Report Date | Report Type | Filing Link |
|---|---|---|---|
02/12/26 | 12/31/25 | 10-K | |
10/28/25 | 09/27/25 | 10-Q | |
07/29/25 | 06/28/25 | 10-Q | |
04/28/25 | 03/31/25 | 10-Q | |
02/13/25 | 12/31/24 | 10-K | |
10/29/24 | 09/28/24 | 10-Q | |
07/30/24 | 06/29/24 | 10-Q | |
04/30/24 | 03/30/24 | 10-Q | |
02/13/24 | 12/31/23 | 10-K | |
10/30/23 | 09/30/23 | 10-Q | |
08/01/23 | 07/01/23 | 10-Q | |
05/03/23 | 04/01/23 | 10-Q | |
02/14/23 | 12/31/22 | 10-K | |
11/01/22 | 10/01/22 | 10-Q | |
08/02/22 | 07/02/22 | 10-Q | |
05/03/22 | 04/02/22 | 10-Q | |
02/15/22 | 12/31/21 | 10-K | |
11/02/21 | 10/02/21 | 10-Q | |
08/03/21 | 07/03/21 | 10-Q | |
05/04/21 | 04/03/21 | 10-Q | |
02/17/21 | 12/31/20 | 10-K | |
10/27/20 | 09/26/20 | 10-Q | |
07/28/20 | 06/27/20 | 10-Q | |
04/27/20 | 03/28/20 | 10-Q | |
02/19/20 | 12/31/19 | 10-K | |
10/30/19 | 09/28/19 | 10-Q | |
07/31/19 | 06/29/19 | 10-Q | |
04/30/19 | 03/30/19 | 10-Q | |
02/20/19 | 12/31/18 | 10-K | |
10/31/18 | 09/29/18 | 10-Q | |
08/07/18 | 06/30/18 | 10-Q | |
05/02/18 | 03/31/18 | 10-Q | |
02/21/18 | 12/31/17 | 10-K | |
11/01/17 | 09/30/17 | 10-Q | |
08/02/17 | 07/01/17 | 10-Q | |
05/03/17 | 04/01/17 | 10-Q | |
02/21/17 | 12/31/16 | 10-K | |
11/02/16 | 10/01/16 | 10-Q | |
08/10/16 | 07/02/16 | 10-Q | |
05/06/16 | 04/02/16 | 10-Q | |
02/25/16 | 12/31/15 | 10-K | |
11/06/15 | 10/03/15 | 10-Q | |
08/11/15 | 07/04/15 | 10-Q | |
05/08/15 | 04/04/15 | 10-Q | |
02/26/15 | 12/31/14 | 10-K | |
10/31/14 | 09/27/14 | 10-Q | |
08/05/14 | 06/28/14 | 10-Q | |
05/02/14 | 03/29/14 | 10-Q | |
02/26/14 | 12/31/13 | 10-K | |
11/01/13 | 09/28/13 | 10-Q | |
08/06/13 | 06/29/13 | 10-Q | |
05/09/13 | 03/30/13 | 10-Q | |
02/27/13 | 12/31/12 | 10-K | |
11/02/12 | 09/29/12 | 10-Q | |
08/07/12 | 06/30/12 | 10-Q | |
05/04/12 | 03/31/12 | 10-Q | |
02/28/12 | 12/31/11 | 10-K | |
11/08/11 | 10/01/11 | 10-Q | |
08/09/11 | 07/02/11 | 10-Q | |
05/06/11 | 04/02/11 | 10-Q | |
03/09/11 | 12/31/10 | 10-K | |
11/05/10 | 10/02/10 | 10-Q | |
08/10/10 | 07/03/10 | 10-Q | |
05/10/10 | 04/03/10 | 10-Q | |
03/05/10 | 12/31/09 | 10-K | |
11/06/09 | 10/03/09 | 10-Q | |
08/12/09 | 07/04/09 | 10-Q | |
05/08/09 | 04/04/09 | 10-Q | |
03/02/09 | 12/31/08 | 10-K | |
11/03/08 | 09/30/08 | Unknown | -- |
08/06/08 | 06/30/08 | Unknown | -- |
04/29/08 | 03/30/08 | Unknown | -- |
02/28/08 | 12/31/07 | 10-K | |
11/02/07 | 09/30/07 | Unknown | -- |
08/08/07 | 06/30/07 | 10-Q | |
05/02/07 | 03/30/07 | Unknown | -- |
03/05/07 | 12/31/06 | 10-K | |
11/03/06 | 09/30/06 | 10-Q | |
08/09/06 | 06/30/06 | Unknown | -- |
05/05/06 | 03/30/06 | Unknown | -- |
03/07/06 | 12/31/05 | 10-K | |
11/04/05 | 09/30/05 | Unknown | -- |
08/11/05 | 06/30/05 | Unknown | -- |
05/04/05 | 03/30/05 | Unknown | -- |
03/04/05 | 12/31/04 | 10-K | |
11/05/04 | 09/30/04 | Unknown | -- |
08/10/04 | 06/30/04 | Unknown | -- |
05/07/04 | 03/30/04 | Unknown | -- |
02/27/04 | 12/31/03 | 10-K | |
11/04/03 | 09/30/03 | Unknown | -- |
08/08/03 | 06/30/03 | Unknown | -- |
05/06/03 | 03/30/03 | Unknown | -- |
03/04/03 | 12/31/02 | 10-K | |
11/04/02 | 09/30/02 | Unknown | -- |
08/05/02 | 06/30/02 | Unknown | -- |
04/25/02 | 03/31/02 | 10-Q | |
03/13/02 | 12/31/01 | 10-K | |
11/02/01 | 09/30/01 | Unknown | -- |
08/06/01 | 06/30/01 | 10-Q | |
05/07/01 | 03/30/01 | Unknown | -- |
03/09/01 | 12/31/00 | 10-K | |
10/30/00 | 09/30/00 | 10-Q | |
08/14/00 | 06/30/00 | 10-Q | |
04/28/00 | 03/30/00 | Unknown | -- |