One-glance verdict
Undervalued
$1,077.48 our estimate vs market $170.15
Wall Street consensus: $202.00 (-81.3% lower than our fair-value estimate)
84% below our estimate, below the bear case
Fundamentals snapshot
Seneca Foods Corporation
SENEA · NMS · Consumer Defensive · Packaged Foods
Current price
$170.15
52-week range
$99.58 - $187.61
Market cap
$1.15B
Balance sheet
Watch
4.34x Stretched
Net debt $247.09M. Interest coverage shows how many times profit covers the interest bill.
What stands out
3 Rewards
0 Risks
3 rewards · 0 risks
- Reward Revenue grew 5.5% last year.
- Reward Returns 16.5% on equity, ahead of 80% of its peers.
- Reward Free cash flow was positive in 5/10 years.
What this company does
Seneca Foods Corporation
Seneca Foods is a major producer of the packaged fruits and vegetables you see in grocery stores. A large part of their business comes from making store-brand (also called private label) canned and frozen goods for supermarkets, although they also sell products under familiar names like Libby's and Green Giant. This matters because they are a key part of the food supply chain (the entire process of getting food from the farm to your table), providing pantry staples that people buy regularly, which can lead to steady business.
How the company got here
Seneca Foods began in 1949 when its founder, Arthur Wolcott, intended to buy a typewriter at a liquidation sale but ended up leasing a bankrupt grape juice plant instead. The company started as Seneca Grape Juice Company and soon partnered with Minute Maid to produce the first frozen grape juice in the country. Over many decades, it grew by acquiring other food processors, shifting its focus from fruit juices to become one of the largest processors of canned and frozen vegetables in the United States. This growth was built on acquiring competitors and forming key partnerships, like its agreement to pack vegetables for the Green Giant brand.
What it actually does
Seneca Foods is a major supplier of packaged fruits and vegetables that you see in grocery stores. The company takes produce from over 1,400 American farms and packs it into cans, frozen packages, and jars. While you might see its own brand names like Seneca, Libby's, or Aunt Nellie's on shelves, a very large part of its business is packing vegetables for store brands—also known as private labels (when a manufacturer puts a retailer's name, like 'Great Value' or 'Kirkland Signature', on the products it makes). It also sells to food service distributors (companies that supply restaurants and schools), and even makes its own cans and develops its own seeds to control the entire process.
Packaged Foods
This is Seneca's only official business segment and represents almost all of its sales. This single segment is broken down into a few main product types, with canned vegetables making up the vast majority of the business. The company also sells frozen vegetables, various fruit products, and a small amount of snack chips. Seneca's customers are large grocery chains, club stores, and other food companies that need a reliable, large-scale supply of essential pantry items. The business is built on efficiency and managing the supply chain (the entire process from planting seeds to delivering a can to a store) rather than on big advertising campaigns.
What management is betting on now
The company's strategy focuses on being a low-cost, high-quality leader in the packaged fruit and vegetable industry. Management is concentrating on strengthening its relationships with large retailers for their private label brands, which is a growing market. They are also investing in technology to make their supply chain more efficient, which helps control costs from the farm to the factory. Finally, Seneca continues to look for strategic acquisitions (buying other companies) that fit well with its core business of processing fruits and vegetables.
Price history
How the share price has moved
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Earnings history
Last 8 quarters — what happened
Click any quarter to read the call summary and what the numbers say.
FY2024 Q4
$40.37M
FY2025 Q1
$38.26M
FY2025 Q2
$69.95M
FY2025 Q3
$108.66M
FY2025 Q4
$81.38M
FY2026 Q1
$42.41M
FY2026 Q2
$21.80M
FY2026 Q3
$22.91M
Revenue
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Net income
$44.77M
Diluted EPS
6.48
Operating cash flow
$31.11M
Free cash flow
$22.91M
Fetching…
Sources
Revenue
—
Net income
$29.74M
Diluted EPS
4.29
Operating cash flow
$29.34M
Free cash flow
$21.80M
Fetching…
Sources
Revenue
—
Net income
$14.88M
Diluted EPS
2.14
Operating cash flow
$53.70M
Free cash flow
$42.41M
Fetching…
Sources
Revenue
—
Net income
$601.00K
Diluted EPS
0.10
Operating cash flow
$91.88M
Free cash flow
$81.38M
Fetching…
Sources
Revenue
—
Net income
$14.66M
Diluted EPS
2.10
Operating cash flow
$117.73M
Free cash flow
$108.66M
Fetching…
Sources
Revenue
—
Net income
$13.30M
Diluted EPS
1.90
Operating cash flow
$75.54M
Free cash flow
$69.95M
Fetching…
Sources
Revenue
—
Net income
$12.66M
Diluted EPS
1.80
Operating cash flow
$50.33M
Free cash flow
$38.26M
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Sources
Revenue
—
Net income
$-2.25M
Diluted EPS
-0.19
Operating cash flow
$45.16M
Free cash flow
$40.37M
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Sources
Is it cheap or expensive?
Fair value $1,077.48 vs current price $170.15
Wall Street consensus is the average analyst price target: $202.00 (-81.3% lower than our fair-value estimate).
Our most-likely fair value is $1,077.48 a share — about 533.3% above today's price of $170.15, so the stock currently looks cheap (undervalued).
Is it drowning in debt?
Watch
Net debt $247.1M. Interest coverage 4.3x.
Net debt
$247.09M
Interest coverage
4.34x
Seneca Foods Corporation's profit covers its interest bill about 4.3 times over. which is stronger than most peers shown here.
Watch
Worse cushion
Baseline
Better cushion
SENEA
BASELINE
Seneca Foods Corporation
Total debt $297.01M Interest coverage 4.34x This is the baseline the peer rows are being compared against.
Total debt $2.06B Interest coverage 1.23x -72% vs SENEA Carries about 3.5x less debt cushion than SENEA.
Total debt $628.90M Interest coverage 16.64x +284% vs SENEA Carries about 3.8x more debt cushion than SENEA.
Total debt $4.04B Interest coverage 3.85x -11% vs SENEA Has roughly the same debt cushion as SENEA.
Total debt $7.48B Interest coverage 3.23x -26% vs SENEA Carries about 1.3x less debt cushion than SENEA.
What you should know
The case for and against SENEA
3 Rewards
0 Risks
Rewards
-
Revenue grew 5.5% last year.
-
Returns 16.5% on equity, ahead of 80% of its peers.
-
Free cash flow was positive in 5/10 years.
Risks
The numbers
All the key metrics, grouped by purpose
Tap any ? icon to learn what it means.
Valuation
How expensive the stock looks
P/E (TTM)
10.26x
Forward P/E
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P/B
1.53x
P/S
0.69x
EV/EBITDA
6.98x
PEG ratio
0.83x
Profitability
How much profit each dollar creates
Gross margin
13.9%
Operating margin
6.4%
Net margin
6.9%
ROE
16.5%
ROA
8.1%
Health
Liquidity and balance-sheet strength
Debt / equity
0.39x
Current ratio
5.06x
Quick ratio
1.06x
Total debt
$297.01M
Total cash
$49.92M
Growth
How the business has been compounding
Revenue TTM
$1.35B
Revenue 5Y CAGR
-0.5%
EPS TTM
16.58
EPS 5Y CAGR
4.0%
Cash flow
How much cash the business throws off
Operating CF TTM
$206.03M
Free CF TTM
$298.25M
FCF margin
22.1%
Dividend
Shareholder payout
Yield
—
Payout ratio
0.0%
Last ex-div date
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