SEB
Seaboard CorporationIndustrials·Conglomerates
$5,081.93
$4.9B market cap
Revenue
$4.8B
Free Cash Flow
$-97.0M
Rev Growth
+0.0%
FCF Margin
-2.0%
P/FCF
--
EV/FCF
--
Fwd EV/EBITDA
--
Fair Value
--
Upside
--
Seaboard Corporation operates as an agribusiness and transportation company worldwide. It operates through six segments: Pork, Commodity Trading and Milling (CT&M), Marine, Sugar and Alcohol, Power, and Turkey. The Pork segment produces and sells fresh and frozen pork products to further processors, foodservice operators, grocery stores, and distributors; hogs; and biodiesel. The CT&M segment sources, transports, and markets wheat, corn, soybeans, soybean meal, and other commodities; and produce
2-Year Price History
$4921.46+48.1%
Quarterly Financials & Projections
Quarterly Waterfall ($ M)
| Period | Rev | EBITDA | OpIn | NI | OCF | FCF | CapEx | Cash | Debt | Shares | ROIC | IntCov | EV/EBITDA | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Act | 2026-Q1 | 2,400 | 185.0 | 102.0 | 119.0 | -54.0 | -150.0 | -96.0 | 1,161 | 374.0 | 1.0 | 14.6% | 18.5x | -- |
| Act | 2025-Q4 | 2,410 | 135.0 | 53.0 | 252.0 | 188.0 | 53.0 | -135.0 | 1,230 | 1,823 | 1.0 | 6.0% | 6.4x | -- |
Valuation & Metrics
Market Stats
Price$5,081.93
Market Cap$4.9B
Enterprise Value$4.1B
P/S Ratio1.0x
P/FCF--
EV/FCF--
FCF Margin (TTM)-2.0%
FCF Yield-2.0%
Dividend Yield (TTM)0.2%
Annual Dilution0.0%
CurrencyUSD
TTM Financial Snapshot
Revenue$4.8B
Net Income$371.0M
Free Cash Flow$-97.0M
Revenue Growth (YoY)+0.0%
EBITDA Margin6.7%
Net Margin7.7%
FCF Margin-2.0%
CapEx % of Revenue4.8%
SBC % of Revenue0.0%
ROIC10.3%
WC Change % Rev-12.4%
Interest Coverage10.3x
Forward Outlook & Risk
Short Interest
Short % of Float--
Short Shares0.0M
Days to Cover2.0
Change (vs Prior)+3.9%
Need at least 2 settlement dates for chart
Employees
Headcount14,000
Revenue / Employee$343,571
Gross Profit / Employee$28,714
Institutional Ownership
Headline & net flow
NEUTRAL
Net flow · —still filing
No float data — flow unavailable.
Ownership composition
Active
14.7%(+8.2% YoY)
187 filers
hedge / family / endowment
Retail funds
—
Fidelity, Schwab, 401(k)
Passive
13.4%(+7.4% YoY)
12 filers
Vanguard, iShares, SPDR
Market makers
0.3%(+0.2% YoY)
5 filers
Citadel, Susquehanna
Insiders
—
Form 4 — latest per insider
ActiveRetail fundsPassiveMarket makersRetail direct
Top holders
| Fund | $ value | Cost basis | Δ QoQ | Δ YoY | α life | Fund AUM |
|---|---|---|---|---|---|---|
| DIMENSIONAL FUND ADVISORS LPPassive | $266M | $3808.70 | +$11.4M | +$8.5M | -0.4% | $480.92B |
| BlackRock, Inc.Passive | $136M | $3139.36 | +$4.6M | +$1.9M | -0.2% | $5.69T |
| VANGUARD PORTFOLIO MANAGEMENT LLCPassive | $109M | $5651.31 | +$109M | +$109M | — | $1.91T |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $69.7M | $5010.05 | +$49.1M | +$63.7M | +0.1% | $184.72B |
| VANGUARD CAPITAL MANAGEMENT LLCPassive | $61.8M | $5651.31 | +$61.8M | +$61.8M | — | $4.04T |
| AQR CAPITAL MANAGEMENT LLC | $44.0M | $3928.10 | +$16.9M | +$9.4M | -0.2% | $218.19B |
| PRIVATE MANAGEMENT GROUP INC | $42.5M | $2874.54 | −$12.5M | −$14.7M | -0.5% | $3.47B |
| AMERICAN CENTURY COMPANIES INC | $42.1M | $3716.23 | +$5.6M | +$15.8M | +0.7% | $193.48B |
| Wallace Capital Management Inc. | $41.8M | $2767.78 | −$1.8M | +$17.4M | -0.3% | $871M |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $34.1M | $2822.90 | −$859K | −$6.2M | +0.7% | $645.81B |
| KAHN BROTHERS GROUP INC | $33.2M | $3321.27 | −$8.0M | −$16.7M | -1.3% | $564M |
| GEODE CAPITAL MANAGEMENT, LLCPassive | $27.8M | $4114.77 | +$3.4M | +$4.3M | +2.3% | $1.61T |
| MORGAN STANLEY | $26.2M | $3957.55 | +$4.5M | +$8.8M | -0.3% | $1.65T |
| STATE STREET CORPPassive | $25.9M | $3060.94 | +$11K | +$972K | -0.2% | $2.89T |
| TWO SIGMA INVESTMENTS, LP | $24.9M | $4162.67 | +$14.5M | +$1.8M | -0.9% | $117.03B |
| CWA Asset Management Group, LLC | $19.9M | $5651.31 | +$19.9M | +$19.9M | +0.3% | $2.92B |
| RENAISSANCE TECHNOLOGIES LLC | $18.4M | $3517.08 | −$10.5M | −$11.8M | +1.2% | $63.91B |
| Twin Lions Management LLC | $17.9M | $3742.24 | −$7.0M | +$17.9M | -2.6% | $165M |
| Qube Research & Technologies Ltd | $14.4M | $3743.07 | +$2.3M | −$1.3M | +0.3% | $70.36B |
| BARCLAYS PLC | $12.5M | $2950.76 | −$2.1M | −$3.9M | -0.1% | $279.69B |
Cost basis is a volume-weighted estimate from accumulation periods within our 13F history; holders who built their position before our window started will show a stale basis. % above the cost basis is the unrealized gain at the current price.
Trading behavior
Smart-money alpha (lifetime, %/qtr)NEUTRAL
Holders
-0.07%
avg per quarter
Holders (ex-self)
-0.12%
excl. this stock
Buyers (this Q)
-0.00%
97 buyers · $0.54B in
Sellers (this Q)
+0.42%
61 sellers · $0.01B out
alpha coverage: 87% of $ has a lifetime-alpha record
Holder behavior on this stocksource: stock
On big dips (−10%+)
-18.5%
how holders react when this stock falls
On quiet Qs
-0.8%
−10% to +10% baseline
On rallies (+10%+)
-15.6%
how they react when this stock rises
Holders' portfolio flow this Q
+4.7%
inflows — adds are organic
Sellers' portfolio flow this Q
-3.1%
Sellers shed AUM broadly — partly forced.
▸ Compare to holder-profile behavior (across all their stocks)
Holder dip (any stock)
-3.5%
Holder mid (any stock)
-3.0%
Holder rally (any stock)
-6.4%
Biggest decreases this quarter
PRIVATE MANAGEMENT GROUP INC−$12.5Mα-0.5RENAISSANCE TECHNOLOGIES LLC−$10.5Mα+1.2KAHN BROTHERS GROUP INC−$8.0Mα-1.3Twin Lions Management LLC−$7.0Mα-2.6VOLORIDGE INVESTMENT MANAGEMENT, LLCexited−$6.7MJANE STREET GROUP, LLCexited−$6.2MVELA Investment Management, LLCexited−$2.7MBARCLAYS PLC−$2.1Mα-0.1BRANDES INVESTMENT PARTNERS, LPexited−$2.1MHRT FINANCIAL LPexited−$2.0M
New buyers this quarter
Top-5 holders · 46.8%
DIMENSIONAL FUND ADVISORS LP--
BlackRock, Inc.--
VANGUARD PORTFOLIO MANAGEMENT LLC--
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP--
VANGUARD CAPITAL MANAGEMENT LLC--
Top Holders Over Time
5-year share-count history (top 10 holders by peak, incl. exited) + price
hover the chart for per-quarter detailprice (right axis)
FMR LLC508ARROWSTREET CAPITAL, LIMITED PARTNERSHIP12KAQR CAPITAL MANAGEMENT LLC8KPRIVATE MANAGEMENT GROUP INC8KAMERICAN CENTURY COMPANIES INC7KWallace Capital Management Inc.7KKAHN BROTHERS GROUP INC6KPacer Advisors, Inc.—CHARLES SCHWAB INVESTMENT MANAGEMENT INC6KRENAISSANCE TECHNOLOGIES LLC3K
Corporate
Order Flow (FINRA, ~3w lag)
16.3%retail-2.2pp
15.9%dark+1.6pp
week of 2026-04-27
Off-exchange volume from FINRA. Retail = non-ATS (wholesaler PFOF + broker internalization). Dark = ATS (dark-pool crossing networks, institutional). Lit-exchange = remainder.
Filing Risk Analysis
Filing Risk Scores
Seaboard Corporation: Global Conglomerate Masking Domestic Weakness with Investment Gains and Complex Affiliate Accounting
Overall Risk
6/10
Fraud
4/10
Dilution
1/10
Insolvency
3/10
Earnings Overstated
5/10
Hidden Liabilities
8/10
Legal
9/10
Audit Warnings
5/10
Hidden Upside
4/10
Contextually Acceptable
7/10