Seaboard/$SEB

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About Seaboard

Seaboard Corp is a diversified group of companies that operate in agricultural, energy, and ocean transport businesses. The company is engaged in hog production, biofuel 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's operating segments are; pork, commodity trading and milling, marine, liquid fuels, power, turkey, and others. It operates in 45 countries, with a concentration in the Caribbean, Central and South American region.
Ticker
$SEB
Primary listing
AMEX
Employees
14,000

Seaboard Metrics

BasicAdvanced
$3.9B
6.21
$661.87
0.24
$9.00
0.22%

Bulls say / Bears say

Seaboard's first-half 2026 recovery is substantial: sales rose to $5.322bn from $4.796bn, operating income to $196m from $90m, and attributable earnings to $272m from $134m. If these gains persist, they show earnings can rebound sharply from weak conditions. (PR Newswire)
Butterball was a clear offset to pork weakness: second-quarter sales rose to $516m from $444m, while operating income rose to $59m from $31m. Management expects the Turkey segment to remain profitable for the rest of 2026, giving Seaboard a stronger earnings counterweight. (Swineweb)
The shares look inexpensive relative to reported earnings, while Seaboard held nearly $1.2bn of cash and short-term investments and $1.2bn of net working capital at the end of the second quarter. That liquidity can fund investment and cushion cyclical shocks. (EveryTicker, StockTitan)
Damage to the EDM III power barge left it non-operational for an undetermined period, and management said it was uncertain whether Power would be profitable for the rest of 2026. The replacement EDM IV project also requires further capital, raising execution and return risk. (StockTitan)
Pork sales fell as lower prices and reduced hog availability cut volumes, while higher unit costs squeezed margins. Management said it was uncertain whether Pork would remain profitable through the rest of 2026, leaving a major segment exposed to prices, disease and supply. (Swineweb)
Cash conversion weakened materially: operating cash flow was a $30m use in the first half of 2026 versus $61m provided a year earlier, largely because working capital absorbed $160m. This matters because Seaboard still planned about $305m of 2026 capital expenditure, increasing reliance on cash reserves, asset sales or borrowing. (StockTitan)
Data summarised monthly by Lightyear AI. Last updated on 18 Sept 2026.

Seaboard Financial Performance

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Funds containing Seaboard

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