What is Seaboard Corp worth?
With the base-case assumptions below, a discounted cash flow model on Seaboard Corp's reported free cash flow gives -$715.87 per share. The share price was $3,807.96 on November 10, 2026, 632% below that value.
Inputs from the filings
Three sets of assumptions
| Case | Growth yrs 1-5 | Discount rate | Value per share | Value vs price |
|---|---|---|---|---|
| Bear | 1.5% | 10.0% | -$762.47 | -120% |
| Base | 6.5% | 9.0% | -$715.87 | -119% |
| Bull | 11.5% | 8.0% | -$622.97 | -116% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | -$681.45 | -$670.95 | -$658.10 | -$642.05 | -$621.41 |
| 8.0% | -$707.14 | -$700.32 | -$692.27 | -$682.61 | -$670.79 |
| 9.0% | -$725.91 | -$721.25 | -$715.87 | -$709.60 | -$702.19 |
| 10.0% | -$740.21 | -$736.89 | -$733.14 | -$728.85 | -$723.89 |
| 11.0% | -$751.45 | -$749.02 | -$746.31 | -$743.25 | -$739.79 |
Where the presets come from
Base: years 1 to 5 grow at Seaboard Corp's revenue growth rate over the last 5 fiscal years (6.5% a year), held between -5% and 15%. Years 6 to 10 grow halfway between that and the long-run rate of 2.5%. Future cash is discounted at 9% a year.
Bear: 5 points less growth, 2% long-run growth, 10% discount rate. Bull: 5 points more growth (at most 25%), 3% long-run growth, 8% discount rate.
Value per share = (present value of 10 years of free cash flow + present value of everything after + cash - debt) / diluted shares.
This is a model run on assumptions, not a recommendation or a price target. Small changes in the discount rate or growth move the result a lot, as the table above shows. Change them yourself in the calculator.
Adjust the assumptions
Move the sliders for growth, long-run growth and discount rate, or switch to average free cash flow, and see the value per share change.
Adjust the assumptions