Sanford (SAN) AI Stock Analysis

Sanford

(NZX:SAN)

Select Model

Rating:77Outperform

Price Target:NZD 8.00▲(16.79% Upside)

Action:reiterated

Date:10/28/26

Strong financial performance with margin gains and robust cash flows is the main driver, reinforced by attractive low P/E valuation; technical indicators add modest support with mixed momentum signals.

Positive Factors

Profitability recoveryThe sharp recovery in net, EBIT, EBITDA, and gross margins shows that Sanford converted its existing business base into substantially better earnings in 2025. If improved pricing, product mix, and cost control persist, stronger margins can support reinvestment and make earnings more resilient.

Negative Factors

Weak revenue momentumProfit improvement has been driven mainly by margin recovery rather than sustained top-line expansion. Persistent flat or declining revenue can limit operating leverage, reduce the pool of future earnings growth, and make longer-term progress more dependent on continued efficiency gains.

Sanford (SAN) vs. SPDR S&P 500 ETF (SPY)

Market Cap: NZD 259.95M
Dividend Yield: 1.72%
Average Volume (3M): 181.87K
Price to Earnings (P/E): 8.9
Beta (1Y): 0.88
Revenue Growth: -4.16%
EPS Growth: 91.88%
Country: NZ
Employees: 1,294
Sector: Consumer Defensive
Sector Strength: 62
Industry: Agricultural Farm Products

Sanford Business Overview & Revenue Model

Company Description

Sanford Limited engages in the farming, harvesting, processing, storage, and marketing of seafood products. It operates through Wildcatch and Aquaculture segments. The company catches and processes inshore and deepwater fish species, as well as farms...

Sanford Financial Statement Overview

Summary

Solid margin expansion to 26.5% gross and 10.9% net, strong cash flow growth to 136M operating, and reduced leverage to 0.20 debt-to-equity support improved stability and flexibility.

Income Statement

76Positive

Balance Sheet

84Very Positive

Cash Flow

89Very Positive

Financial statement breakdown
Breakdown	TTM	Sep 2025	Sep 2024	Sep 2023	Sep 2022	Sep 2021
Income Statement
Total Revenue	568.26M	584.11M	582.91M	553.40M	531.89M	489.63M
Gross Profit	165.38M	154.77M	126.19M	108.64M	96.85M	68.78M
EBITDA	165.38M	147.83M	95.35M	68.44M	106.29M	65.37M
Net Income	72.06M	63.69M	19.68M	10.02M	55.89M	16.26M
Balance Sheet
Total Assets	1.06B	1.01B	1.05B	1.07B	977.68M	940.36M
Cash, Cash Equivalents and Short-Term Investments	17.86M	11.59M	14.47M	6.80M	9.53M	3.93M
Total Debt	150.72M	146.41M	234.33M	244.00M	193.51M	218.91M
Total Liabilities	283.05M	265.96M	342.07M	387.36M	312.81M	306.26M
Stockholders Equity	779.83M	740.40M	703.99M	684.57M	664.49M	633.39M
Cash Flow
Free Cash Flow	86.38M	113.54M	27.08M	-23.36M	-8.54M	-6.67M
Operating Cash Flow	99.79M	136.03M	73.00M	41.05M	44.90M	32.41M
Investing Cash Flow	-13.61M	-20.27M	-38.97M	-64.03M	-339.00K	-15.48M
Financing Cash Flow	-80.26M	-118.68M	-26.42M	7.68M	-29.06M	-13.52M

Sanford Technical Analysis

Technical Analysis SentimentPositive

Last Price6.85

Price Trends

50DMA6.49Positive

100DMA6.76Positive

200DMA7.08Negative

Market Momentum

MACD0.08Negative

RSI63.94Neutral

STOCH87.73Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NZ:SAN, the sentiment is Positive. The current price of 6.85 is above the 20-day moving average (MA) of 6.25, above the 50-day MA of 6.49, and below the 200-day MA of 7.08, indicating a neutral trend. The MACD of 0.08 indicates Negative momentum. The RSI at 63.94 is Neutral, neither overbought nor oversold. The STOCH value of 87.73 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for NZ:SAN.

Sanford Peers Comparison

Overall Rating

UnderperformOutperform

Sector (62)

Financial Indicators

NZ:SAN against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
NZ:SAN	77Outperform	NZD 640.52M	8.90	9.48%	1.72%	-4.16%	91.88%
NZ:SEK	74Outperform	NZD 212.79M	5.20	―	12.84%	0.48%	38.02%
NZ:CVT	68Neutral	NZD 98.04M	7.56	9.98%	―	10.67%	―
Sector *	62Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
NZ:NZK	54Neutral	NZD 129.16M	-13.64	-4.98%	―	―	―
NZ:TGG	52Neutral	NZD 269.60M	21.21	―	―	-17.18%	196.29%
NZ:SML	49Neutral	NZD 310.65M	-4.24	-10.58%	―	-7.94%	-95.77%

* Consumer Defensive Sector Average

Performance Comparison

NZ:SAN and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
NZ:SAN	Sanford	6.85	0.80	13.15%
NZ:CVT	Comvita	0.76	0.03	3.85%
NZ:NZK	New Zealand King Salmon Investments Ltd.	0.24	0.04	20.00%
NZ:SML	Synlait Milk Ltd.	0.52	-0.20	-28.47%
NZ:SEK	Seeka Limited	5.04	1.01	24.94%
NZ:TGG	T&G Global Limited	2.20	-0.16	-6.78%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Oct 05, 2026

Sanford AI Stock Analysis