Definitive Analysis
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Definitive Analysis

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Ticker

Industry

Sector

Seneca Foods Corporation (SENEA)

Company Dividend Discount ModelIndustry: Packaged FoodsSector: Consumer Defensive

Valuation Snapshot

Stable Growth$77.62 - $118.11$96.61
Multi-Stage$107.15 - $117.76$112.35
Blended Fair Value$104.48
Current Price$100.60
Upside3.86%
DecisionDon't Buy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2025202420232022202120202019201820172016
DPS0.00%0.00%0.000.000.000.000.000.000.000.000.000.00
YoY Growth--0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Dividend Yield--0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)59.88
(-) Cash Dividends Paid (M)0.02
(=) Cash Retained (M)59.86
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)11.987.494.49
Cash Retained (M)59.8659.8659.86
(-) Cash Required (M)-11.98-7.49-4.49
(=) Excess Retained (M)47.8852.3855.37
(/) Shares Outstanding (M)6.956.956.95
(=) Excess Retained per Share6.897.547.97
LTM Dividend per Share0.000.000.00
(+) Excess Retained per Share6.897.547.97
(=) Adjusted Dividend6.907.547.98
WACC / Discount Rate8.96%8.96%8.96%
Growth Rate0.07%1.07%2.07%
Fair Value$77.62$96.61$118.11
Upside / Downside-22.84%-3.97%17.40%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)59.8860.5261.1761.8362.4963.1665.05
Payout Ratio0.04%18.03%36.02%54.02%72.01%90.00%92.50%
Projected Dividends (M)0.0210.9122.0433.4045.0056.8460.17

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate8.96%8.96%8.96%
Growth Rate0.07%1.07%2.07%
Year 1 PV (M)9.9210.0210.11
Year 2 PV (M)18.1918.5618.93
Year 3 PV (M)25.0625.8126.59
Year 4 PV (M)30.6831.9233.20
Year 5 PV (M)35.2137.0138.87
PV of Terminal Value (M)625.14657.01690.16
Equity Value (M)744.20780.33817.87
Shares Outstanding (M)6.956.956.95
Fair Value$107.15$112.35$117.76
Upside / Downside6.51%11.68%17.05%

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