SAFM · Sanderson Farms Inc - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|
| Revenue | - | - | - | $2.88B | - | - |
| Cost of Revenue | $3.90B | $3.37B | $3.16B | $2.36B | - | - |
| Gross Profit | - | - | - | $521.74M | - | - |
| R&D | - | - | - | - | - | - |
| SG&A | $295.79M | $205.75M | $211.14M | $221.97M | $216.30M | $159.89M |
| Total Operating Expenses | $4.20B | $3.58B | $3.37B | $3.21B | $2.92B | $2.52B |
| D&A | $168.23M | $156.75M | $135.42M | $110.90M | $100.34M | $84.58M |
| Operating Income | $598.87M | ($11.59M) | $67.99M | $29.70M | $425.24M | $294.11M |
| Interest Expense | $2.53M | $5.21M | $4.16M | $2.07M | $1.89M | $1.71M |
| Income Tax | $141.29M | ($44.59M) | $10.55M | ($30.87M) | $144.78M | $103.72M |
| Net Income | $455.09M | $28.27M | $53.29M | $61.43M | $279.75M | $188.96M |
| EPS - Basic | $20.38 | $1.27 | $2.41 | $2.70 | $12.30 | $8.37 |
| EPS - Diluted | $20.38 | $1.27 | $2.41 | $2.70 | $12.30 | $8.37 |
Balance Sheet
| Line item | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $439.34M | $49.06M | $95.42M | $121.19M | $419.29M | $234.11M |
| Accounts Receivable | $223.87M | $147.55M | $131.78M | $121.93M | $138.87M | $124.35M |
| Inventory | $350.96M | $290.01M | $289.93M | $240.06M | $252.76M | $220.31M |
| Accounts Payable | $152.42M | $111.46M | $132.74M | $128.94M | $90.90M | $72.77M |
| Current Assets | $1.09B | $578.13M | $581.11M | $566.49M | $849.54M | $613.32M |
| Total Assets | $2.35B | $1.85B | $1.77B | $1.66B | $1.73B | $1.42B |
| Current Liabilities | $309.06M | $224.11M | $215.68M | $198.89M | $198.72M | $148.19M |
| Long-term Debt | $0 | $25.00M | $0 | - | - | $0 |
| Total Liabilities | - | - | - | - | - | - |
| Stockholders' Equity | $1.85B | $1.42B | $1.42B | $1.39B | $1.43B | $1.19B |
| Retained Earnings | $1.72B | $1.31B | $1.31B | $1.28B | $1.28B | $1.04B |
Cash Flow
| Line item | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $623.48M | $222.01M | $206.80M | $131.41M | $408.95M | $292.85M |
| Investing Cash Flow | ($165.26M) | ($201.96M) | ($248.51M) | ($306.67M) | ($165.91M) | ($200.40M) |
| Financing Cash Flow | ($67.94M) | ($66.41M) | $15.93M | ($122.83M) | ($57.86M) | ($54.99M) |
| CapEx | $166.35M | $202.44M | $249.50M | $308.88M | $166.77M | $200.88M |
| Free Cash Flow | $457.13M | $19.57M | ($42.70M) | ($177.46M) | $242.19M | $91.97M |
Ratios
| Metric | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | - | - | - | 18.1% | - | - |
| Operating margin | - | - | - | 1.0% | - | - |
| EBITDA margin | - | - | - | 4.9% | - | - |
| Net margin | - | - | - | 2.1% | - | - |
| Free cash flow margin | - | - | - | -6.2% | - | - |
| FCF / Net income | 1.00 | 0.69 | -0.80 | -2.89 | 0.87 | 0.49 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | 7.7% | - | - |
| Effective tax rate | 23.7% | - | 16.5% | -101.0% | 34.1% | 35.4% |
| Return on assets | 19.4% | 1.5% | 3.0% | 3.7% | 16.1% | 13.3% |
| Return on equity | 24.6% | 2.0% | 3.8% | 4.4% | 19.5% | 15.9% |
| Return on invested capital | 24.7% | -0.6% | 4.0% | - | - | 16.0% |
| Liquidity | ||||||
| Current ratio | 3.51 | 2.58 | 2.69 | 2.85 | 4.28 | 4.14 |
| Quick ratio | 2.38 | 1.29 | 1.35 | 1.64 | 3.00 | 2.65 |
| Cash ratio | 1.42 | 0.22 | 0.44 | 0.61 | 2.11 | 1.58 |
| Leverage | ||||||
| Debt / Equity | 0.00 | 0.02 | 0.00 | - | - | 0.00 |
| Debt / Assets | 0.00 | 0.01 | 0.00 | - | - | 0.00 |
| Debt / EBITDA | 0.00 | 0.17 | 0.00 | - | - | 0.00 |
| Interest coverage | 236.3x | -2.2x | 16.4x | 14.4x | 225.5x | 172.2x |
| Equity multiplier | 1.27 | 1.30 | 1.25 | 1.20 | 1.21 | 1.20 |
| Liabilities / Assets | - | - | - | - | - | - |
| Efficiency | ||||||
| Asset turnover | - | - | - | 1.74 | - | - |
| Inventory turnover | 11.13 | 11.62 | 10.89 | 9.84 | - | - |
| Days sales outstanding | - | - | - | 15d | - | - |
| Days inventory outstanding | 33d | 31d | 34d | 37d | - | - |
| Days payable outstanding | 14d | 12d | 15d | 20d | - | - |
| Cash conversion cycle | - | - | - | 33d | - | - |
| Valuation | ||||||
| P / E | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | - | - | - | - | - | - |
| Revenue CAGR (3y) | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - |
| Operating income growth (YoY) | - | - | 128.9% | -93.0% | 44.6% | -12.5% |
| Net income growth (YoY) | 1509.6% | -46.9% | -13.2% | -78.0% | 48.0% | -12.5% |
| EPS growth (YoY) | 1504.7% | -47.3% | -10.7% | -78.0% | 47.0% | -12.1% |
| EPS CAGR (3y) | 96.2% | -53.1% | -34.0% | -34.3% | 4.4% | 13.8% |
| EPS CAGR (5y) | 19.5% | -33.2% | -25.9% | -13.8% | 39.2% | - |
| FCF growth (YoY) | 2235.7% | - | 75.9% | - | 163.3% | -34.1% |
| FCF CAGR (5y) | 37.8% | -32.5% | - | - | 9.2% | -7.7% |
| Book value growth (YoY) | 30.4% | 0.1% | 2.1% | -3.1% | 20.4% | 15.6% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2021-10-31.
Product / service
$49.90M totalProduct Six$49.90M · 100.0%
Geographic
$445.20M totalNon Us$445.20M · 100.0%
Stability scores
Piotroski F-score
FY 2021 · 9-point quality
7/9
Strong
- ✓Net income positive
- ✓Operating cash flow positive
- ✓ROA improved YoY
- ✓Cash flow > net income
- ✓Long-term debt decreased
- ✓Current ratio improved
- ✓No share dilution
- -Gross margin improved
- -Asset turnover improved
Peer comparison
Same SIC group: Poultry Slaughtering and Processing
Comparing SANDERSON FARMS INC against the 2 most active filers in the same SIC group.