Seneca Foods Stock Fair Value – SENECA FOODS Reports 12.6% Year-Over-Year Revenue Increase of USD 298.7 Million for FY2024 Q1
August 23, 2023
☀️Earnings Overview
SENECA FOODS ($NASDAQ:SENEA) reported total revenue of USD 298.7 million for Q1 of FY2024 on June 30 2023, a 12.6% year-over-year increase. Net income for the quarter amounted to USD 23.1 million, compared to 5.1 million in the same period of the previous year.
Analysis – Seneca Foods Stock Fair Value
GoodWhale has completed an evaluation of SENECA FOODS and its fundamentals. According to our proprietary Valuation Line, the intrinsic value of the company’s shares is estimated to be around $58.8. At present, SENECA FOODS stocks are traded at $41.1, which represents a potential undervaluation of 30.1%. This could present an interesting opportunity for investors looking to buy the stock at a discount. In order to accurately assess the company’s financial situation, GoodWhale recommends that potential buyers take into consideration a range of other financial metrics such as its income statement, balance sheet and cash flow statement. Furthermore, it is important to consider the company’s past performance, as well as its current and future prospects in order to make an informed decision. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Seneca Foods. More…
| Total Revenues | Net Income | Net Margin |
| 1.54k | 51.01 | 3.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Seneca Foods. More…
| Operations | Investing | Financing |
| -164.96 | -61.26 | 226.28 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Seneca Foods. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.26k | 680.79 | 75.83 |
Key Ratios Snapshot
Some of the financial key ratios for Seneca Foods are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 4.3% | -5.2% | 5.8% |
| FCF Margin | ROE | ROA |
| -15.0% | 9.6% | 4.4% |
Peers
Seneca Foods Corporation is one of the largest producers and processors of fruits and vegetables in the United States. The company’s competitors in the processed fruits and vegetables industry include Century Pacific Food Inc, PRG Corp PCL, and Del Monte Pacific Ltd.
– Century Pacific Food Inc ($PSE:CNPF)
Century Pacific Food Inc is a Philippines-based company engaged in the manufacture, sale and distribution of food and beverage products. The Company’s product portfolio includes canned fish and meat, condiments, instant noodles, coffee, tea, milk, juices, breads and biscuits. It also manufactures, processes and sells a range of other food products, such as frozen fish, chicken and meat, as well as dairy products. The Company’s brands include Century Tuna, Swift, 555, Angel and Birch Tree. The Company operates a canning facility in General Santos City. It also has a range of other facilities, including a fishmeal plant in Puerto Princesa, Palawan and a slaughterhouse in General Santos City.
– PRG Corp PCL ($SET:PRG)
PRG Corp PCL is a Thailand-based company engaged in the provision of telecommunication services. The Company operates in three business segments: mobile phone services, broadband Internet services and fixed-line telephone services. It offers a range of services, including mobile phone service, broadband Internet service, fixed-line telephone service, international call service and other value-added services. The Company’s mobile phone services include prepaid and postpaid service. The Company’s broadband Internet services provide high-speed Internet access through various technologies, including asymmetric digital subscriber line (ADSL), very-high-bit-rate digital subscriber line (VDSL) and fiber to the home/building (FTTH/B). The Company’s fixed-line telephone services provide local, long distance and international call services.
– Del Monte Pacific Ltd ($SGX:D03)
Del Monte Pacific Ltd is a food and beverage company with a market cap of 544.31M as of 2022. The company has a return on equity of 39.81%. Del Monte Pacific Ltd is engaged in the production, marketing and distribution of food and beverage products. The company’s products include canned fruits, vegetables, soups, juices, beverages, snacks, and prepared meals.
Summary
SENECA FOODS has seen a remarkable 12.6% year-over-year increase in total revenue for Q1 of FY2024, amounting to USD 298.7 million. The company’s net income for this period was USD 23.1 million, representing a significant improvement from 5.1 million for the same period last year. This data shows potential for strong growth in the near future, making it an attractive option for investors. It is likely that SENECA FOODS will experience increasing demand and increasing profits as the market continues to evolve.
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