Seneca Foods Stock Intrinsic Value – SENECA FOODS Reports 12.6% Year-Over-Year Revenue Increase in Q1 of FY2024
August 13, 2023
☀️Earnings Overview
For the first quarter of fiscal year 2024, which ended on June 30 2023, SENECA FOODS ($NASDAQ:SENEA) reported total revenue of USD 298.7 million – a 12.6% increase from the same quarter of the prior year. The company also saw a 5.1 million rise in net income for the same period, reaching USD 23.1 million.
Analysis – Seneca Foods Stock Intrinsic Value
GoodWhale conducted an analysis of SENECA FOODS‘ fundamentals to determine a fair value for the company’s stock. Using their proprietary Valuation Line, they concluded that the fair value of SENECA FOODS share is around $58.9. Currently, the stock is being traded at $41.1, which is undervalued by 30.2%. This indicates that now is an opportune time to invest in SENECA FOODS and investors can expect to enjoy a good return on their investment. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Seneca Foods. More…
| Total Revenues | Net Income | Net Margin |
| 1.54k | 51.01 | 3.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Seneca Foods. More…
| Operations | Investing | Financing |
| -164.96 | -61.26 | 226.28 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Seneca Foods. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.26k | 680.79 | 75.83 |
Key Ratios Snapshot
Some of the financial key ratios for Seneca Foods are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 4.3% | -5.2% | 5.8% |
| FCF Margin | ROE | ROA |
| -15.0% | 9.6% | 4.4% |
Peers
Seneca Foods Corporation is one of the largest producers and processors of fruits and vegetables in the United States. The company’s competitors in the processed fruits and vegetables industry include Century Pacific Food Inc, PRG Corp PCL, and Del Monte Pacific Ltd.
– Century Pacific Food Inc ($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’ financial performance in the first quarter of FY2024 was very strong, as evidenced by their total revenue increase of 12.6% year-over-year to USD 298.7 million. Net income also increased by 5.1 million compared to the same quarter the previous year, reaching USD 23.1 million. Overall, the company’s outlook for investors is optimistic and may continue to grow over the coming years. Investing in SENECA FOODS is likely to generate a healthy return in the long-term, however, investors should do their own research and due diligence before investing their capital.
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