Financials Seeka Limited

Equities

End-of-day quote New Zealand S.E. Other stock markets 06:00:00 2024-04-25 pm EDT			5-day change	1st Jan Change
2.9 ^NZD	0.00%		+1.05%	+13.73%

Apr. 18	Transcript : Seeka Limited - Shareholder/Analyst Call
Mar. 05	Private Land and Property Fund Lowers Valuation of Kiwifruit Property; Shares Rise 3%	MT

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	144.6	142.9	196.5	126.8	106	120.9	-	-
Enterprise Value (EV) ¹	261.4	220.8	361	274.2	278.4	359.5	352.7	343
P/E ratio	20.8 x	9.33 x	-	19.1 x	-7.5 x	14.6 x	10.4 x	8.43 x
Yield	5.25%	4.54%	4.95%	0.04%	-	-	-	-
Capitalization / Revenue	0.61 x	0.57 x	0.63 x	0.36 x	0.35 x	0.3 x	0.28 x	0.27 x
EV / Revenue	1.1 x	0.88 x	1.17 x	0.79 x	0.93 x	0.88 x	0.83 x	0.78 x
EV / EBITDA	7.57 x	5.15 x	6.36 x	5.95 x	10.7 x	6.32 x	5.72 x	5.34 x
EV / FCF	-	-	-	-12,613,437 x	-	-	-	-
FCF Yield	-	-	-	-0%	-	-	-	-
Price to Book	0.87 x	0.81 x	-	-	-	0.45 x	0.44 x	0.41 x
Nbr of stocks (in thousands)	31,647	29,460	37,427	41,566	41,568	41,695	-	-
Reference price ²	4.570	4.850	5.250	3.050	2.550	2.900	2.900	2.900
Announcement Date	2/25/20	2/25/21	2/17/22	2/22/23	2/28/24	-	-	-

¹NZD in Million²NZD

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	236.9	251.5	309.6	348.4	300.9	407.1	426.1	441.2
EBITDA ¹	34.52	42.9	56.79	46.08	25.99	56.9	61.62	64.2
EBIT ¹	17.56	24.3	33.37	19.09	-4.118	29.4	33.63	36
Operating Margin	7.41%	9.66%	10.78%	5.48%	-1.37%	7.22%	7.89%	8.16%
Earnings before Tax (EBT) ¹	9.863	16.3	23.49	7.593	-20.99	11.55	16.18	20.06
Net income ¹	6.884	15.2	14.86	6.504	-14.47	8.319	11.65	14.44
Net margin	2.91%	6.04%	4.8%	1.87%	-4.81%	2.04%	2.74%	3.27%
EPS ²	0.2200	0.5200	-	0.1600	-0.3400	0.1981	0.2775	0.3439
Free Cash Flow	-	-	-	-21.74	-	-	-	-
FCF margin	-	-	-	-6.24%	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-	-
Dividend per Share	0.2400	0.2200	0.2600	0.001300	-	-	-	-
Announcement Date	2/25/20	2/25/21	2/17/22	2/22/23	2/28/24	-	-	-

¹NZD in Million²NZD

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	117	77.9	165	147	172	239	232	222
Net Cash position ¹	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	3.384 x	1.816 x	2.897 x	3.199 x	6.633 x	4.193 x	3.762 x	3.459 x
Free Cash Flow	-	-	-	-21.7	-	-	-	-
ROE (net income / shareholders' equity)	4.53%	9.15%	-	2.51%	-5.45%	3.15%	4.25%	5.03%
ROA (Net income/ Total Assets)	-	-	-	-	-2.64%	5.23%	5.91%	6.26%
Assets ¹	-	-	-	-	548.3	159.1	197.2	230.7
Book Value Per Share ²	5.280	5.990	-	-	-	6.390	6.670	7.010
Cash Flow per Share ²	-	-	-	-	-	0.7800	0.9200	0.9900
Capex ¹	34.7	13.5	29.5	33.9	22.7	20	20	20
Capex / Sales	14.64%	5.37%	9.53%	9.72%	7.56%	4.91%	4.69%	4.53%
Announcement Date	2/25/20	2/25/21	2/17/22	2/22/23	2/28/24	-	-	-

¹NZD in Million²NZD

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

UNDERPERFORM

Number of Analysts

Last Close Price

2.9 NZD

Average target price

2.3 NZD

Spread / Average Target

-20.69%

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