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 60 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. SIP has a decent growth rate and is not valued too expensively.
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.
Each year in the past 5 years SIP has been profitable.
In the past 5 years SIP always reported a positive cash flow from operatings.
1.2 Ratios
SIP has a better Return On Assets (5.87%) than 75.00% of its industry peers.
The Return On Equity of SIP (7.33%) is comparable to the rest of the industry.
SIP has a Return On Invested Capital of 7.26%. This is in the better half of the industry: SIP outperforms 73.33% of its industry peers.
The Average Return On Invested Capital over the past 3 years for SIP is above the industry average of 6.51%.
| 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
SIP has a Profit Margin of 14.83%. This is amongst the best in the industry. SIP outperforms 95.00% of its industry peers.
In the last couple of years the Profit Margin of SIP has declined.
The Operating Margin of SIP (22.91%) is better than 98.33% of its industry peers.
In the last couple of years the Operating Margin of SIP has grown nicely.
With a Gross Margin value of 35.42%, SIP perfoms like the industry average, outperforming 48.33% of the companies in the same industry.
SIP's Gross Margin has improved in the last couple of years.
| 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
SIP has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
The number of shares outstanding for SIP remains at a similar level compared to 1 year ago.
SIP has about the same amout of shares outstanding than it did 5 years ago.
Compared to 1 year ago, SIP has an improved debt to assets ratio.
2.2 Solvency
An Altman-Z score of 3.89 indicates that SIP is not in any danger for bankruptcy at the moment.
SIP's Altman-Z score of 3.89 is amongst the best of the industry. SIP outperforms 90.00% of its industry peers.
SIP has a debt to FCF ratio of 0.04. This is a very positive value and a sign of high solvency as it would only need 0.04 years to pay back of all of its debts.
SIP's Debt to FCF ratio of 0.04 is amongst the best of the industry. SIP outperforms 100.00% of its industry peers.
SIP has a Debt/Equity ratio of 0.00. This is a healthy value indicating a solid balance between debt and equity.
SIP's Debt to Equity ratio of 0.00 is amongst the best of the industry. SIP outperforms 98.33% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0.04 | ||
| Altman-Z | 3.89 |
ROIC/WACC0.94
WACC7.75%
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.
The Current ratio of SIP (1.63) is better than 68.33% of its industry peers.
A Quick Ratio of 1.20 indicates that SIP should not have too much problems paying its short term obligations.
Looking at the Quick ratio, with a value of 1.20, SIP is in the better half of the industry, outperforming 75.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.63 | ||
| Quick Ratio | 1.2 |
3. Growth
3.1 Past
SIP shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -9.69%.
The earnings per share for SIP have been decreasing by -11.06% on average. This is quite bad
The Revenue has decreased by -0.02% in the past year.
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
The Earnings Per Share is expected to grow by 9.59% on average over the next years. This is quite good.
Based on estimates for the next years, SIP will show a small growth in Revenue. The Revenue will grow by 5.66% on average per year.
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
A Price/Earnings ratio of 12.18 indicates a correct valuation of SIP.
SIP's Price/Earnings ratio is a bit cheaper when compared to the industry. SIP is cheaper than 71.67% of the companies in the same industry.
When comparing the Price/Earnings ratio of SIP to the average of the S&P500 Index (26.48), we can say SIP is valued rather cheaply.
With a Price/Forward Earnings ratio of 9.45, the valuation of SIP can be described as very reasonable.
Based on the Price/Forward Earnings ratio, SIP is valued cheaper than 81.67% of the companies in the same industry.
SIP's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 34.04.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.18 | ||
| Fwd PE | 9.45 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of SIP indicates a somewhat cheap valuation: SIP is cheaper than 80.00% of the companies listed in the same industry.
SIP's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 17.6 | ||
| EV/EBITDA | 5.02 |
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)0.58
PEG (5Y)N/A
EPS Next 2Y12.69%
EPS Next 3Y9.59%
5. Dividend
5.1 Amount
SIP has a Yearly Dividend Yield of 2.25%.
SIP's Dividend Yield is comparable with the industry average which is at 3.41.
SIP's Dividend Yield is comparable with the S&P500 average which is at 2.40.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.25% |
5.2 History
On average, the dividend of SIP grows each year by 28.18%, which is quite nice.
Dividend Growth(5Y)28.18%
Div Incr Years0
Div Non Decr Years1
5.3 Sustainability
34.07% of the earnings are spent on dividend by SIP. This is a low number and sustainable payout ratio.
SIP's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP34.07%
EPS Next 2Y12.69%
EPS Next 3Y9.59%
EBR:SIP (8/8/2025, 7:00:00 PM)
66
+0.4 (+0.61%)
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 Cap698.28M
Analysts83.33
Price Target82.62 (25.18%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.25% |
Yearly Dividend1.89
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)4.52%
PT rev (3m)4.52%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.18 | ||
| Fwd PE | 9.45 | ||
| P/S | 1.83 | ||
| P/FCF | 17.6 | ||
| P/OCF | 6.11 | ||
| P/B | 0.9 | ||
| P/tB | 1.02 | ||
| EV/EBITDA | 5.02 |
EPS(TTM)5.42
EY8.21%
EPS(NY)6.98
Fwd EY10.58%
FCF(TTM)3.75
FCFY5.68%
OCF(TTM)10.8
OCFY16.36%
SpS36.03
BVpS72.93
TBVpS64.42
PEG (NY)0.58
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 | 3.89 |
F-Score6
WACC7.75%
ROIC/WACC0.94
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%