SIPEF NV (SIP.BR) Stock Fundamental Analysis
EBR:SIP - Euronext Brussels - BE0003898187 - Common Stock - Currency: EUR
Taking everything into account, SIP scores 6 out of 10 in our fundamental rating. SIP was compared to 58 industry peers in the Food Products industry. SIP gets an excellent profitability rating and is at the same time showing great financial health properties. SIP has a valuation in line with the averages, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
SIP had positive earnings in the past year.
SIP had a positive operating cash flow in the past year.
Of the past 5 years SIP 4 years were profitable.
SIP had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
SIP has a better Return On Assets (6.11%) than 75.86% of its industry peers.
SIP has a Return On Equity of 7.77%. This is comparable to the rest of the industry: SIP outperforms 44.83% of its industry peers.
SIP's Return On Invested Capital of 6.95% is fine compared to the rest of the industry. SIP outperforms 68.97% of its industry peers.
SIP had an Average Return On Invested Capital over the past 3 years of 10.15%. This is above the industry average of 7.10%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.11% | ||
| ROE | 7.77% | ||
| ROIC | 6.95% |
ROA(3y)8.78%
ROA(5y)5.39%
ROE(3y)11.53%
ROE(5y)7.1%
ROIC(3y)10.15%
ROIC(5y)6.69%
1.3 Margins
Looking at the Profit Margin, with a value of 15.48%, SIP belongs to the top of the industry, outperforming 94.83% of the companies in the same industry.
SIP's Profit Margin has improved in the last couple of years.
With an excellent Operating Margin value of 23.04%, SIP belongs to the best of the industry, outperforming 96.55% of the companies in the same industry.
In the last couple of years the Operating Margin of SIP has grown nicely.
SIP's Gross Margin of 33.44% is in line compared to the rest of the industry. SIP outperforms 44.83% of its industry peers.
In the last couple of years the Gross Margin of SIP has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 23.04% | ||
| PM (TTM) | 15.48% | ||
| GM | 33.44% |
OM growth 3Y28.74%
OM growth 5Y4.76%
PM growth 3Y46.78%
PM growth 5Y8.31%
GM growth 3Y14.41%
GM growth 5Y4.54%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), SIP is creating some value.
Compared to 1 year ago, SIP has about the same amount of shares outstanding.
SIP has less shares outstanding than it did 5 years ago.
SIP has a better debt/assets ratio than last year.
2.2 Solvency
SIP has an Altman-Z score of 3.48. This indicates that SIP is financially healthy and has little risk of bankruptcy at the moment.
SIP's Altman-Z score of 3.48 is amongst the best of the industry. SIP outperforms 87.93% of its industry peers.
SIP has a debt to FCF ratio of 0.39. This is a very positive value and a sign of high solvency as it would only need 0.39 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 0.39, SIP belongs to the top of the industry, outperforming 96.55% of the companies in the same industry.
SIP has a Debt/Equity ratio of 0.00. This is a healthy value indicating a solid balance between debt and equity.
The Debt to Equity ratio of SIP (0.00) is better than 98.28% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0.39 | ||
| Altman-Z | 3.48 |
ROIC/WACC0.93
WACC7.45%
2.3 Liquidity
SIP has a Current Ratio of 1.47. This is a normal value and indicates that SIP is financially healthy and should not expect problems in meeting its short term obligations.
The Current ratio of SIP (1.47) is better than 62.07% of its industry peers.
SIP has a Quick Ratio of 1.05. This is a normal value and indicates that SIP is financially healthy and should not expect problems in meeting its short term obligations.
SIP has a Quick ratio of 1.05. This is in the better half of the industry: SIP outperforms 62.07% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.47 | ||
| Quick Ratio | 1.05 |
3. Growth
3.1 Past
SIP shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -11.46%.
Measured over the past years, SIP shows a quite strong growth in Earnings Per Share. The EPS has been growing by 19.31% on average per year.
SIP shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -13.39%.
SIP shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 10.03% yearly.
EPS 1Y (TTM)-11.46%
EPS 3Y72.47%
EPS 5Y19.31%
EPS Q2Q%-20%
Revenue 1Y (TTM)-13.39%
Revenue growth 3Y17.44%
Revenue growth 5Y10.03%
Sales Q2Q%-6.44%
3.2 Future
Based on estimates for the next years, SIP will show a small growth in Earnings Per Share. The EPS will grow by 1.05% on average per year.
The Revenue is expected to grow by 1.40% on average over the next years.
EPS Next Y-7.53%
EPS Next 2Y-4.37%
EPS Next 3Y0.77%
EPS Next 5Y1.05%
Revenue Next Year-1.69%
Revenue Next 2Y0.5%
Revenue Next 3Y1.15%
Revenue Next 5Y1.4%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 10.25 indicates a reasonable valuation of SIP.
SIP's Price/Earnings ratio is a bit cheaper when compared to the industry. SIP is cheaper than 77.59% of the companies in the same industry.
SIP's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 29.35.
The Price/Forward Earnings ratio is 9.86, which indicates a very decent valuation of SIP.
SIP's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. SIP is cheaper than 72.41% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.10, SIP is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.25 | ||
| Fwd PE | 9.86 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of SIP indicates a rather cheap valuation: SIP is cheaper than 82.76% of the companies listed in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of SIP is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 23.34 | ||
| EV/EBITDA | 4.39 |
4.3 Compensation for Growth
The decent profitability rating of SIP may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.53
EPS Next 2Y-4.37%
EPS Next 3Y0.77%
5. Dividend
5.1 Amount
SIP has a Yearly Dividend Yield of 2.33%. Purely for dividend investing, there may be better candidates out there.
SIP's Dividend Yield is comparable with the industry average which is at 3.37.
Compared to an average S&P500 Dividend Yield of 2.33, SIP has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.33% |
5.2 History
On average, the dividend of SIP grows each year by 11.50%, which is quite nice.
Dividend Growth(5Y)11.5%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
50.74% of the earnings are spent on dividend by SIP. This is a bit on the high side, but may be sustainable.
SIP's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP50.74%
EPS Next 2Y-4.37%
EPS Next 3Y0.77%
EBR:SIP (3/7/2025, 7:00:00 PM)
60.4
+0.4 (+0.67%)
Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupFood, Beverage & Tobacco
GICS IndustryFood Products
Earnings (Last)
Earnings (Next)
Inst Owners2.58%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap639.03M
Analysts83.33
Price Target70.38 (16.52%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.33% |
Yearly Dividend2.99
Dividend Growth(5Y)11.5%
DP50.74%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)-6.76%
PT rev (3m)0%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)8.83%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)3.74%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.25 | ||
| Fwd PE | 9.86 | ||
| P/S | 1.61 | ||
| P/FCF | 23.34 | ||
| P/OCF | 5.34 | ||
| P/B | 0.81 | ||
| P/tB | 0.92 | ||
| EV/EBITDA | 4.39 |
EPS(TTM)5.89
EY9.75%
EPS(NY)6.13
Fwd EY10.15%
FCF(TTM)2.59
FCFY4.28%
OCF(TTM)11.31
OCFY18.73%
SpS37.42
BVpS74.55
TBVpS65.41
PEG (NY)N/A
PEG (5Y)0.53
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.11% | ||
| ROE | 7.77% | ||
| ROCE | 10.16% | ||
| ROIC | 6.95% | ||
| ROICexc | 7.07% | ||
| ROICexgc | 7.93% | ||
| OM | 23.04% | ||
| PM (TTM) | 15.48% | ||
| GM | 33.44% | ||
| FCFM | 6.91% |
ROA(3y)8.78%
ROA(5y)5.39%
ROE(3y)11.53%
ROE(5y)7.1%
ROIC(3y)10.15%
ROIC(5y)6.69%
ROICexc(3y)10.48%
ROICexc(5y)6.89%
ROICexgc(3y)11.86%
ROICexgc(5y)7.81%
ROCE(3y)14.85%
ROCE(5y)9.78%
ROICexcg growth 3Y40.73%
ROICexcg growth 5Y9.08%
ROICexc growth 3Y41.97%
ROICexc growth 5Y9.84%
OM growth 3Y28.74%
OM growth 5Y4.76%
PM growth 3Y46.78%
PM growth 5Y8.31%
GM growth 3Y14.41%
GM growth 5Y4.54%
F-Score6
Asset Turnover0.39
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0.39 | ||
| Debt/EBITDA | 0.01 | ||
| Cap/Depr | 172.92% | ||
| Cap/Sales | 23.31% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 82.76% | ||
| Profit Quality | 44.66% | ||
| Current Ratio | 1.47 | ||
| Quick Ratio | 1.05 | ||
| Altman-Z | 3.48 |
F-Score6
WACC7.45%
ROIC/WACC0.93
Cap/Depr(3y)169.87%
Cap/Depr(5y)157.15%
Cap/Sales(3y)18.55%
Cap/Sales(5y)20.27%
Profit Quality(3y)66.29%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-11.46%
EPS 3Y72.47%
EPS 5Y19.31%
EPS Q2Q%-20%
EPS Next Y-7.53%
EPS Next 2Y-4.37%
EPS Next 3Y0.77%
EPS Next 5Y1.05%
Revenue 1Y (TTM)-13.39%
Revenue growth 3Y17.44%
Revenue growth 5Y10.03%
Sales Q2Q%-6.44%
Revenue Next Year-1.69%
Revenue Next 2Y0.5%
Revenue Next 3Y1.15%
Revenue Next 5Y1.4%
EBIT growth 1Y-20.51%
EBIT growth 3Y51.2%
EBIT growth 5Y15.26%
EBIT Next Year32.1%
EBIT Next 3Y12.09%
EBIT Next 5YN/A
FCF growth 1Y-74.45%
FCF growth 3Y-10.05%
FCF growth 5YN/A
OCF growth 1Y-34.01%
OCF growth 3Y18.73%
OCF growth 5Y29.49%