Seneca Foods (SENEA) & Its Competitors Critical Review

Volatility and Risk

Seneca Foods has a beta of 0.41, indicating that its stock price is 59% less volatile than the S&P 500. Comparatively, Seneca Foods’ peers have a beta of 0.83, indicating that their average stock price is 17% less volatile than the S&P 500.

Earnings & Valuation

This table compares Seneca Foods and its peers gross revenue, earnings per share and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
Seneca Foods	$1.58 billion	$41.22 million	15.33
Seneca Foods Competitors	$8.25 billion	$408.09 million	23.96

Seneca Foods’ peers have higher revenue and earnings than Seneca Foods. Seneca Foods is trading at a lower price-to-earnings ratio than its peers, indicating that it is currently more affordable than other companies in its industry.

Profitability

This table compares Seneca Foods and its peers’ net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Seneca Foods	2.61%	11.03%	5.10%
Seneca Foods Competitors	-3.74%	-16.93%	1.89%

Institutional and Insider Ownership

42.5% of Seneca Foods shares are held by institutional investors. Comparatively, 54.9% of shares of all “FOOD – MISC/DIVERSIFIED” companies are held by institutional investors. 8.2% of Seneca Foods shares are held by company insiders. Comparatively, 15.0% of shares of all “FOOD – MISC/DIVERSIFIED” companies are held by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company is poised for long-term growth.

Summary

Seneca Foods peers beat Seneca Foods on 6 of the 9 factors compared.

About Seneca Foods

Seneca Foods Corporation provides packaged fruits and vegetables in the United States and internationally. The company offers canned, frozen, and jarred produce; jarred fruit; and snack chips and other food products under the private label, as well as under various national and regional brands that the company owns or licenses, including Seneca, Libby’s, Aunt Nellie’s, Cherryman, Green Valley, and READ. In addition, it packs canned and frozen vegetables under contract packing agreements. Further, the company engages in the sale of cans, ends, and seeds, as well as trucking and aircraft operations. It provides its products to grocery outlets, including supermarkets, mass merchandisers, limited assortment stores, club stores, and dollar stores; specialty retailers; and food service distributors, restaurant chains, industrial markets, other food packagers, and export customers in approximately 55 countries, as well as federal, state, and local governments for school and other feeding programs. Seneca Foods Corporation was incorporated in 1949 and is headquartered in Fairport, New York.