SIPEF NV (SIP.BR) Stock Fundamental Analysis
EBR:SIP - Euronext Brussels - BE0003898187 - Common Stock - Currency: EUR
We assign a fundamental rating of 6 out of 10 to SIP. SIP was compared to 59 industry peers in the Food Products industry. Both the health and profitability get an excellent rating, making SIP a very profitable company, without any liquidiy or solvency issues. A decent growth rate in combination with a cheap valuation! Better keep an eye on SIP. These ratings could make SIP a good candidate for value investing.
1. Profitability
1.1 Basic Checks
In the past year SIP was profitable.
In the past year SIP had a positive cash flow from operations.
Each year in the past 5 years SIP has been profitable.
SIP had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
The Return On Assets of SIP (5.87%) is better than 72.88% of its industry peers.
With a Return On Equity value of 7.33%, SIP perfoms like the industry average, outperforming 50.85% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 7.26%, SIP is in the better half of the industry, outperforming 71.19% of the companies in the same industry.
SIP had an Average Return On Invested Capital over the past 3 years of 9.65%. This is above the industry average of 6.91%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.87% | ||
| ROE | 7.33% | ||
| ROIC | 7.26% |
ROA(3y)7.58%
ROA(5y)6.74%
ROE(3y)9.68%
ROE(5y)8.83%
ROIC(3y)9.65%
ROIC(5y)8.48%
1.3 Margins
The Profit Margin of SIP (14.83%) is better than 96.61% of its industry peers.
SIP's Profit Margin has declined in the last couple of years.
SIP's Operating Margin of 22.91% is amongst the best of the industry. SIP outperforms 98.31% of its industry peers.
In the last couple of years the Operating Margin of SIP has grown nicely.
SIP has a Gross Margin (35.42%) which is in line with its industry peers.
In the last couple of years the Gross Margin of SIP has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 22.91% | ||
| PM (TTM) | 14.83% | ||
| GM | 35.42% |
OM growth 3Y-9.29%
OM growth 5Y70.13%
PM growth 3Y-13.01%
PM growth 5YN/A
GM growth 3Y-4.05%
GM growth 5Y19.38%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so SIP is still creating some value.
Compared to 1 year ago, SIP has about the same amount of shares outstanding.
The number of shares outstanding for SIP remains at a similar level compared to 5 years ago.
Compared to 1 year ago, SIP has an improved debt to assets ratio.
2.2 Solvency
An Altman-Z score of 3.78 indicates that SIP is not in any danger for bankruptcy at the moment.
With an excellent Altman-Z score value of 3.78, SIP belongs to the best of the industry, outperforming 89.83% of the companies in the same industry.
The Debt to FCF ratio of SIP is 0.04, which is an excellent value as it means it would take SIP, only 0.04 years of fcf income to pay off all of its debts.
With an excellent Debt to FCF ratio value of 0.04, SIP belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
A Debt/Equity ratio of 0.00 indicates that SIP is not too dependend on debt financing.
SIP's Debt to Equity ratio of 0.00 is amongst the best of the industry. SIP outperforms 100.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0.04 | ||
| Altman-Z | 3.78 |
ROIC/WACC0.93
WACC7.8%
2.3 Liquidity
SIP has a Current Ratio of 1.63. 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 better Current ratio (1.63) than 67.80% of its industry peers.
SIP has a Quick Ratio of 1.20. 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 1.20. This is in the better half of the industry: SIP outperforms 74.58% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.63 | ||
| Quick Ratio | 1.2 |
3. Growth
3.1 Past
The earnings per share for SIP have decreased by -9.69% in the last year.
The earnings per share for SIP have been decreasing by -11.06% on average. This is quite bad
SIP shows a decrease in Revenue. In the last year, the revenue decreased by -0.02%.
Measured over the past years, SIP shows a quite strong growth in Revenue. The Revenue has been growing by 12.32% on average per year.
EPS 1Y (TTM)-9.69%
EPS 3Y-11.06%
EPS 5YN/A
EPS Q2Q%-1.94%
Revenue 1Y (TTM)-0.02%
Revenue growth 3Y2.18%
Revenue growth 5Y12.32%
Sales Q2Q%6.22%
3.2 Future
SIP is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 9.59% yearly.
SIP is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.66% yearly.
EPS Next Y20.83%
EPS Next 2Y12.69%
EPS Next 3Y9.59%
EPS Next 5YN/A
Revenue Next Year15.2%
Revenue Next 2Y8.91%
Revenue Next 3Y6.89%
Revenue Next 5Y5.66%
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 accelerating.
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
SIP is valuated reasonably with a Price/Earnings ratio of 11.54.
Based on the Price/Earnings ratio, SIP is valued a bit cheaper than 74.58% of the companies in the same industry.
When comparing the Price/Earnings ratio of SIP to the average of the S&P500 Index (27.30), we can say SIP is valued rather cheaply.
The Price/Forward Earnings ratio is 8.96, which indicates a very decent valuation of SIP.
Based on the Price/Forward Earnings ratio, SIP is valued a bit cheaper than the industry average as 79.66% of the companies are valued more expensively.
SIP is valuated cheaply when we compare the Price/Forward Earnings ratio to 21.76, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.54 | ||
| Fwd PE | 8.96 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, SIP is valued cheaply inside the industry as 81.36% of the companies are valued more expensively.
SIP's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 16.68 | ||
| EV/EBITDA | 4.75 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
SIP has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)0.55
PEG (5Y)N/A
EPS Next 2Y12.69%
EPS Next 3Y9.59%
5. Dividend
5.1 Amount
SIP has a Yearly Dividend Yield of 2.23%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 3.27, SIP has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.37, SIP has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.23% |
5.2 History
The dividend of SIP is nicely growing with an annual growth rate of 28.18%!
Dividend Growth(5Y)28.18%
Div Incr Years0
Div Non Decr Years1
5.3 Sustainability
SIP pays out 34.07% of its income as dividend. This is a sustainable payout ratio.
The dividend of SIP is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP34.07%
EPS Next 2Y12.69%
EPS Next 3Y9.59%
EBR:SIP (7/11/2025, 7:00:00 PM)
62.2
+0.4 (+0.65%)
Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupFood, Beverage & Tobacco
GICS IndustryFood Products
Earnings (Last)
Earnings (Next)
Inst Owners2.76%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap658.08M
Analysts83.33
Price Target79.05 (27.09%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.23% |
Yearly Dividend1.83
Dividend Growth(5Y)28.18%
DP34.07%
Div Incr Years0
Div Non Decr Years1
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)0%
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)5.64%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)7.53%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.54 | ||
| Fwd PE | 8.96 | ||
| P/S | 1.74 | ||
| P/FCF | 16.68 | ||
| P/OCF | 5.79 | ||
| P/B | 0.86 | ||
| P/tB | 0.97 | ||
| EV/EBITDA | 4.75 |
EPS(TTM)5.39
EY8.67%
EPS(NY)6.94
Fwd EY11.16%
FCF(TTM)3.73
FCFY5.99%
OCF(TTM)10.74
OCFY17.27%
SpS35.83
BVpS72.52
TBVpS64.06
PEG (NY)0.55
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.87% | ||
| ROE | 7.33% | ||
| ROCE | 10.03% | ||
| ROIC | 7.26% | ||
| ROICexc | 7.4% | ||
| ROICexgc | 8.28% | ||
| OM | 22.91% | ||
| PM (TTM) | 14.83% | ||
| GM | 35.42% | ||
| FCFM | 10.41% |
ROA(3y)7.58%
ROA(5y)6.74%
ROE(3y)9.68%
ROE(5y)8.83%
ROIC(3y)9.65%
ROIC(5y)8.48%
ROICexc(3y)9.95%
ROICexc(5y)8.72%
ROICexgc(3y)11.21%
ROICexgc(5y)9.86%
ROCE(3y)13.33%
ROCE(5y)11.71%
ROICexcg growth 3Y-12.26%
ROICexcg growth 5Y81.31%
ROICexc growth 3Y-11.7%
ROICexc growth 5Y82.46%
OM growth 3Y-9.29%
OM growth 5Y70.13%
PM growth 3Y-13.01%
PM growth 5YN/A
GM growth 3Y-4.05%
GM growth 5Y19.38%
F-Score6
Asset Turnover0.4
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0.04 | ||
| Debt/EBITDA | 0.01 | ||
| Cap/Depr | 155.53% | ||
| Cap/Sales | 19.57% | ||
| Interest Coverage | 70.86 | ||
| Cash Conversion | 84.46% | ||
| Profit Quality | 70.15% | ||
| Current Ratio | 1.63 | ||
| Quick Ratio | 1.2 | ||
| Altman-Z | 3.78 |
F-Score6
WACC7.8%
ROIC/WACC0.93
Cap/Depr(3y)174.62%
Cap/Depr(5y)156.78%
Cap/Sales(3y)19.57%
Cap/Sales(5y)18.82%
Profit Quality(3y)57.1%
Profit Quality(5y)84.25%
High Growth Momentum
Growth
EPS 1Y (TTM)-9.69%
EPS 3Y-11.06%
EPS 5YN/A
EPS Q2Q%-1.94%
EPS Next Y20.83%
EPS Next 2Y12.69%
EPS Next 3Y9.59%
EPS Next 5YN/A
Revenue 1Y (TTM)-0.02%
Revenue growth 3Y2.18%
Revenue growth 5Y12.32%
Sales Q2Q%6.22%
Revenue Next Year15.2%
Revenue Next 2Y8.91%
Revenue Next 3Y6.89%
Revenue Next 5Y5.66%
EBIT growth 1Y-5.67%
EBIT growth 3Y-7.31%
EBIT growth 5Y91.08%
EBIT Next Year76.49%
EBIT Next 3Y23.37%
EBIT Next 5YN/A
FCF growth 1Y195.19%
FCF growth 3Y-20.41%
FCF growth 5YN/A
OCF growth 1Y8.49%
OCF growth 3Y-6.03%
OCF growth 5Y33.07%