Quality Investor

Seneca Foods Corporation

Rank #433Op. Leverage

SENEA · Nasdaq · Consumer Defensive

Seneca Foods Corporation (SENEA) — Rank #433 by gross profitability (GP/assets 0.12) · ROE 5.3% · Piotroski F-Score 7 / 9.

As-of 2026-09-15 · CIK 0000088948 · all metrics point-in-time as of the filing date.

About

Seneca Foods Corporation provides packaged fruits and vegetables in the United States and internationally.

Show more

The company offers canned, frozen, and jarred fruits and vegetables; and packaged snack chips and other food products under the private label, as well as under various national and regional brands that the company owns or licenses, including Aunt Nellie's, CherryMan, Green Giant, Green Valley, Libby's, READ, and Seneca. In addition, it packs canned and frozen vegetables. Further, the company engages in the sale of cans, ends, and seeds, as well as aircraft operations. It provides its products to grocery outlets, including supermarkets, mass merchandisers, limited assortment stores, club stores, and dollar stores; specialty retailers; and food service distributors, restaurant chains, industrial markets, other food packagers, and export customers in approximately 55 countries, as well as federal, state, and local governments for school and other feeding programs.

Seneca Foods Corporation was incorporated in 1949 and is headquartered in Fairport, New York.

Industry
Packaged Foods
Sector
Consumer Defensive
State
NY
Filer Category
Accelerated filer
Fiscal Year End
March 31

Price History

SENEA+291.5% · +31.4% CAGRSPY+80.5% · +12.5% CAGR

Company Snapshot

P/E and reverse DCF are the primary valuation lenses at this stage.

Market Cap

$1.24B

P/E (annual)

31.0

P/S (annual)

0.8

P/B

1.6

P/OCF (annual)

3.7

Shareholder Yield

-70724.0%

Employees

2,900

Industry

Packaged Foods

Exchange

Nasdaq

Signal Flags

2 green2 yellow
Revenue growth acceleratingGrowth rate increasing year over year
Operating leverage expandingOperating income growing faster than revenue
Dilution above 2%Annual share count increase exceeds 2%. May be acceptable for high-growth companies funding talent via stock compensation
Disclosure regressionA previously-disclosed line item is no longer reported — worth checking the filing for why

Quality Profile

Profitability

1/1 pass
GP / assets
0.12
Return on equity
5.3%
Gross margin trend
PASS

Safety

1/1 pass
Balance-sheet safety
PASS
Debt / equity
0.63
Current ratio
3.77×
Net cash
-$130.18M

Cash Flow

3/3 pass
Positive FCF
PASS
Cash-backed earnings
PASS
Accruals healthy
PASS
SBC / revenue
0.0%

Growth

1/2 pass
Revenue growth
25.1%
Piotroski F-Score
7 / 9
Share dilution
70724.0%

Terry Smith quality gate

Passes 1/5 Terry Smith thresholds

1 of 5 threshold not computable from filed data.

What Growth Is Priced In

Implied revenue growth (10Y)

-14.6%

incredible deal

The annual FCF growth rate today's price requires over a 10-year horizon (discount rate 10%, terminal growth 2.5%).

Dilution drag: 70724.0% — per-share value needs a total required return of 70709.4% once share-count change is priced in.

vs. own 6-year median revenue growth: 4.2%

within its own history

Cost-of-equity sensitivity (implied growth at different discount rates)

r = 8%

-17.5%

r = 10% (base)

-14.6%

r = 12%

-12.1%

Net debt / market cap: 10.2%

Base FCF: $298.3M3Y mean FCF: -$45.9M

Valuation History

Current multiple vs historical range at each filing date. Band spans 25th-75th percentile.

P / E

Price / diluted EPS

N/A
4.8xmed 16.0x25.3x

P / S

Price / revenue per share

0.0xCheap
0.0xmed 0.0x0.3x

P / B

Price / book value per share

0.0xCheap
0.0xmed 0.0x1.0x

P / GP

Price / gross profit per share

0.0xFair
0.0xmed 0.0x3.4x

Operating margin expansion and free cash flow are the primary reads at this stage.

Profitability

Gross profitability (GP / assets)

0.12

Primary signal (Novy-Marx).

15th of 18 SIC 20 peers

Return on equity

5.3%

Gross margin

9.5%

15th of 18 SIC 20 peers

Revenue growth (YoY)

25.1%

Gross margin improving

Margin trend vs prior year.

PASS

Operating Leverage

2014201620172018
Revenue vs COGS
Revenue vs OpEx
Op. Income vs Revenue

Growth

Revenue CAGR (3Y)

Revenue CAGR (5Y)

Earnings CAGR (3Y)

-3.7%

FCF CAGR (3Y)

Anti-fragile safety

Balance-sheet safety

Composite anti-fragile check.

PASS

Debt / equity

0.63

8th of 18 SIC 20 peers (best = lowest)

Current ratio

3.77×

3rd of 18 SIC 20 peers

Quick ratio

0.85×

Net cash

-$130.18M

Cash & equivalents minus total debt.

Cash-flow health

Free cash flow

$298.25M

Operating cash flow minus capex.

Positive free cash flow

PASS

FCF / net income

6.23

Cash-backing of earnings.

FCF/NI divergence

Unfavorable divergence (yellow flag).

PASS

Accruals healthy

Cash-backed earnings.

PASS

SBC / revenue

0.0%

Stock-based comp intensity.

Dividend safety

Composite score

3.0 / 5

Good
Payout ratio
0.1%5/5 Strong
FCF coverage
12967.39×5/5 Strong
Dividend growth streak
0 yr0/5 Weak
Balance-sheet health
D/E 0.63 · IC N/A2/5 Fair

Piotroski F-Score

F-Score

7 / 9

Fundamental-strength score (0-9).

Lifecycle Phase History

20122018
Capital Return
Value
Startup