Logo image of SIP.BR

SIPEF NV (SIP.BR) Stock Fundamental Analysis

EBR:SIP - Euronext Brussels - BE0003898187 - Common Stock - Currency: EUR

61.8  +0.4 (+0.65%)

Fundamental Rating

6

Taking everything into account, SIP scores 6 out of 10 in our fundamental rating. SIP was compared to 57 industry peers in the Food Products industry. SIP scores excellent points on both the profitability and health parts. This is a solid base for a good stock. SIP is valued quite cheap, while showing a decent growth score. This is a good combination! With these ratings, SIP could be worth investigating further for value investing!.


Dividend Valuation Growth Profitability Health

7

1. Profitability

1.1 Basic Checks

SIP had positive earnings in the past year.
In the past year SIP had a positive cash flow from operations.
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.
SIP.BR Yearly Net Income VS EBIT VS OCF VS FCFSIP.BR Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50M 100M 150M

1.2 Ratios

With a decent Return On Assets value of 5.87%, SIP is doing good in the industry, outperforming 71.93% of the companies in the same industry.
With a Return On Equity value of 7.33%, SIP perfoms like the industry average, outperforming 49.12% of the companies in the same industry.
SIP has a Return On Invested Capital of 7.26%. This is in the better half of the industry: SIP outperforms 70.18% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for SIP is above the industry average of 6.98%.
Industry RankSector 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%
SIP.BR Yearly ROA, ROE, ROICSIP.BR Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5 10 15 20

1.3 Margins

SIP has a better Profit Margin (14.83%) than 96.49% of its industry peers.
SIP's Profit Margin has declined in the last couple of years.
SIP has a Operating Margin of 22.91%. This is amongst the best in the industry. SIP outperforms 98.25% of its industry peers.
SIP's Operating Margin has improved in the last couple of years.
SIP's Gross Margin of 35.42% is in line compared to the rest of the industry. SIP outperforms 47.37% of its industry peers.
In the last couple of years the Gross Margin of SIP has grown nicely.
Industry RankSector 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%
SIP.BR Yearly Profit, Operating, Gross MarginsSIP.BR Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 20 30 40 50

8

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.
SIP has about the same amout of shares outstanding than it did 1 year ago.
SIP has about the same amout of shares outstanding than it did 5 years ago.
The debt/assets ratio for SIP has been reduced compared to a year ago.
SIP.BR Yearly Shares OutstandingSIP.BR Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2M 4M 6M 8M 10M
SIP.BR Yearly Total Debt VS Total AssetsSIP.BR Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B

2.2 Solvency

An Altman-Z score of 3.76 indicates that SIP is not in any danger for bankruptcy at the moment.
SIP's Altman-Z score of 3.76 is amongst the best of the industry. SIP outperforms 89.47% 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.
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.
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 100.00% of its industry peers.
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0.04
Altman-Z 3.76
ROIC/WACC0.93
WACC7.8%
SIP.BR Yearly LT Debt VS Equity VS FCFSIP.BR Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M 400M 600M 800M

2.3 Liquidity

A Current Ratio of 1.63 indicates that SIP should not have too much problems paying its short term obligations.
SIP has a Current ratio of 1.63. This is in the better half of the industry: SIP outperforms 70.18% 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 77.19% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.63
Quick Ratio 1.2
SIP.BR Yearly Current Assets VS Current LiabilitesSIP.BR Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M

4

3. Growth

3.1 Past

The earnings per share for SIP have decreased by -9.69% in the last year.
Measured over the past years, SIP shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -11.06% on average per year.
Looking at the last year, SIP shows a decrease in Revenue. The Revenue has decreased by -0.02% in the last 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

Based on estimates for the next years, SIP will show a quite strong growth in Earnings Per Share. The EPS will grow by 9.59% on average per year.
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

The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
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.
SIP.BR Yearly Revenue VS EstimatesSIP.BR Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 100M 200M 300M 400M 500M
SIP.BR Yearly EPS VS EstimatesSIP.BR Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0 2 4 6 8 10

7

4. Valuation

4.1 Price/Earnings Ratio

A Price/Earnings ratio of 11.42 indicates a reasonable valuation of SIP.
Based on the Price/Earnings ratio, SIP is valued a bit cheaper than 73.68% 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 27.18.
A Price/Forward Earnings ratio of 8.87 indicates a reasonable valuation of SIP.
80.70% of the companies in the same industry are more expensive than SIP, based on the Price/Forward Earnings ratio.
Compared to an average S&P500 Price/Forward Earnings ratio of 35.34, SIP is valued rather cheaply.
Industry RankSector Rank
PE 11.42
Fwd PE 8.87
SIP.BR Price Earnings VS Forward Price EarningsSIP.BR Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, SIP is valued cheaper than 80.70% of the companies 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 RankSector Rank
P/FCF 16.51
EV/EBITDA 4.7
SIP.BR Per share dataSIP.BR EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60

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.
The decent profitability rating of SIP may justify a higher PE ratio.
PEG (NY)0.55
PEG (5Y)N/A
EPS Next 2Y12.69%
EPS Next 3Y9.59%

4

5. Dividend

5.1 Amount

SIP has a Yearly Dividend Yield of 2.27%. Purely for dividend investing, there may be better candidates out there.
SIP's Dividend Yield is comparable with the industry average which is at 3.34.
Compared to an average S&P500 Dividend Yield of 2.34, SIP has a dividend comparable with the average S&P500 company.
Industry RankSector Rank
Dividend Yield 2.27%

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
SIP.BR Yearly Dividends per shareSIP.BR Yearly Dividends per shareYearly Dividends per share 2018 2019 2021 2022 2023 2024 2025 0 0 0 0 0

5.3 Sustainability

34.07% of the earnings are spent on dividend by SIP. This is a low number and 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%
SIP.BR Yearly Income VS Free CF VS DividendSIP.BR Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50M 100M
SIP.BR Dividend Payout.SIP.BR Dividend Payout, showing the Payout Ratio.SIP.BR Dividend Payout.PayoutRetained Earnings

SIPEF NV

EBR:SIP (7/16/2025, 9:36:02 AM)

61.8

+0.4 (+0.65%)

Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupFood, Beverage & Tobacco
GICS IndustryFood Products
Earnings (Last)04-16 2025-04-16
Earnings (Next)08-14 2025-08-14
Inst Owners2.76%
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap653.84M
Analysts83.33
Price Target79.05 (27.91%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 2.27%
Yearly Dividend1.84
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 RankSector Rank
PE 11.42
Fwd PE 8.87
P/S 1.72
P/FCF 16.51
P/OCF 5.73
P/B 0.85
P/tB 0.96
EV/EBITDA 4.7
EPS(TTM)5.41
EY8.75%
EPS(NY)6.97
Fwd EY11.28%
FCF(TTM)3.74
FCFY6.06%
OCF(TTM)10.78
OCFY17.44%
SpS35.96
BVpS72.8
TBVpS64.3
PEG (NY)0.55
PEG (5Y)N/A
Profitability
Industry RankSector 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 RankSector 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 3.76
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%