Sanford Ltd
NZX:SAN

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Sanford Ltd
NZX:SAN
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Price: 4.91 NZD 2.08% Market Closed
Market Cap: 459.1m NZD

Relative Value

The Relative Value of one SAN stock under the Base Case scenario is 9.57 NZD. Compared to the current market price of 4.91 NZD, Sanford Ltd is Undervalued by 49%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

SAN Relative Value
Base Case
9.57 NZD
Undervaluation 49%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
46
vs Industry
50
Median 3Y
0.7
Median 5Y
0.8
Industry
0.9
Forward
0.8
vs History
49
vs Industry
23
Median 3Y
23.7
Median 5Y
23.1
Industry
15.8
Forward
11.6
vs History
88
vs Industry
60
Median 3Y
8.3
Median 5Y
10.2
Industry
9.8
vs History
58
vs Industry
49
Median 3Y
5.7
Median 5Y
22.9
Industry
17.4
vs History
44
vs Industry
73
Median 3Y
0.6
Median 5Y
0.6
Industry
1.5
vs History
52
vs Industry
43
Median 3Y
1.1
Median 5Y
1.1
Industry
1.1
Forward
1.2
vs History
80
vs Industry
39
Median 3Y
5.6
Median 5Y
6.7
Industry
4.7
vs History
66
vs Industry
30
Median 3Y
13.4
Median 5Y
14
Industry
9.9
Forward
6
vs History
66
vs Industry
37
Median 3Y
13.4
Median 5Y
14
Industry
12.7
Forward
9
vs History
88
vs Industry
57
Median 3Y
12.1
Median 5Y
14.7
Industry
10.8
vs History
31
vs Industry
42
Median 3Y
-15.3
Median 5Y
-15.5
Industry
15
vs History
46
vs Industry
65
Median 3Y
0.6
Median 5Y
0.7
Industry
1.1

Multiples Across Competitors

SAN Competitors Multiples
Sanford Ltd Competitors

Market Cap P/S P/E EV/EBITDA EV/EBIT
NZ
Sanford Ltd
NZX:SAN
466.9m NZD 0.8 23.3 12.4 12.4
JP
Goyo Foods Industry Co Ltd
TSE:2230
53.2T JPY 23 895.9 540 752.8 186 542.5 318 284.3
CH
Nestle SA
SIX:NESN
228.6B CHF 2.5 21 14.2 17.4
US
Mondelez International Inc
NASDAQ:MDLZ
85.3B USD 2.3 18.5 12.5 14.9
FR
Danone SA
PAR:BN
45.8B EUR 1.7 22.7 10.9 14.4
ZA
Tiger Brands Ltd
JSE:TBS
41.7B Zac 0 0 0 0
US
Kraft Heinz Co
NASDAQ:KHC
34.8B USD 1.3 12.7 8.3 9.8
US
Hershey Co
NYSE:HSY
33.4B USD 3 15.1 11 12.7
US
General Mills Inc
NYSE:GIS
31.6B USD 1.6 12.4 10.5 12
CN
Foshan Haitian Flavouring and Food Co Ltd
SSE:603288
223.4B CNY 8.5 36.5 30.9 30.9
ZA
Avi Ltd
JSE:AVI
30B Zac 0 0 0 0
P/S Multiple
Revenue Growth P/S to Growth
NZ
Sanford Ltd
NZX:SAN
Average P/S: 2 657.5
0.8
2%
0.4
JP
G
Goyo Foods Industry Co Ltd
TSE:2230
23 895.9
N/A N/A
CH
Nestle SA
SIX:NESN
2.5
4%
0.6
US
Mondelez International Inc
NASDAQ:MDLZ
2.3
4%
0.6
FR
Danone SA
PAR:BN
1.7
5%
0.3
ZA
T
Tiger Brands Ltd
JSE:TBS
Not Available
6%
N/A
US
Kraft Heinz Co
NASDAQ:KHC
1.3
0%
N/A
US
Hershey Co
NYSE:HSY
3
3%
1
US
General Mills Inc
NYSE:GIS
1.6
0%
N/A
CN
Foshan Haitian Flavouring and Food Co Ltd
SSE:603288
8.5
11%
0.8
ZA
A
Avi Ltd
JSE:AVI
Not Available
7%
N/A
P/E Multiple
Earnings Growth PEG
NZ
Sanford Ltd
NZX:SAN
Average P/E: 60 101.7
23.3
39%
0.6
JP
G
Goyo Foods Industry Co Ltd
TSE:2230
540 752.8
N/A N/A
CH
Nestle SA
SIX:NESN
21
9%
2.3
US
Mondelez International Inc
NASDAQ:MDLZ
18.5
0%
N/A
FR
Danone SA
PAR:BN
22.7
13%
1.7
ZA
T
Tiger Brands Ltd
JSE:TBS
Not Available
14%
N/A
US
Kraft Heinz Co
NASDAQ:KHC
12.7
9%
1.4
US
Hershey Co
NYSE:HSY
15.1
-12%
N/A
US
General Mills Inc
NYSE:GIS
12.4
2%
6.2
CN
Foshan Haitian Flavouring and Food Co Ltd
SSE:603288
36.5
12%
3
ZA
A
Avi Ltd
JSE:AVI
Not Available
9%
N/A
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
NZ
Sanford Ltd
NZX:SAN
Average EV/EBITDA: 20 739.2
12.4
33%
0.4
JP
G
Goyo Foods Industry Co Ltd
TSE:2230
186 542.5
N/A N/A
CH
Nestle SA
SIX:NESN
14.2
4%
3.5
US
Mondelez International Inc
NASDAQ:MDLZ
12.5
-1%
N/A
FR
Danone SA
PAR:BN
10.9
6%
1.8
ZA
T
Tiger Brands Ltd
JSE:TBS
Not Available
23%
N/A
US
Kraft Heinz Co
NASDAQ:KHC
8.3
0%
N/A
US
Hershey Co
NYSE:HSY
11
-8%
N/A
US
General Mills Inc
NYSE:GIS
10.5
-1%
N/A
CN
Foshan Haitian Flavouring and Food Co Ltd
SSE:603288
30.9
18%
1.7
ZA
A
Avi Ltd
JSE:AVI
Not Available
7%
N/A
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
NZ
Sanford Ltd
NZX:SAN
Average EV/EBIT: 35 378.8
12.4
17%
0.7
JP
G
Goyo Foods Industry Co Ltd
TSE:2230
318 284.3
N/A N/A
CH
Nestle SA
SIX:NESN
17.4
3%
5.8
US
Mondelez International Inc
NASDAQ:MDLZ
14.9
-2%
N/A
FR
Danone SA
PAR:BN
14.4
7%
2.1
ZA
T
Tiger Brands Ltd
JSE:TBS
Not Available
15%
N/A
US
Kraft Heinz Co
NASDAQ:KHC
9.8
0%
N/A
US
Hershey Co
NYSE:HSY
12.7
-10%
N/A
US
General Mills Inc
NYSE:GIS
12
-1%
N/A
CN
Foshan Haitian Flavouring and Food Co Ltd
SSE:603288
30.9
14%
2.2
ZA
A
Avi Ltd
JSE:AVI
Not Available
7%
N/A