Seeka Limited (SEK) AI Stock Analysis

Seeka Limited

(NZX:SEK)

Select Model

Rating:74Outperform

Price Target:NZD 6.00▲(19.05% Upside)

Action:initiatedcoverage

Date:10/05/26

The score is driven primarily by improved (but still cyclical) financial performance and a very compelling valuation (low P/E and high dividend yield). Technicals also contribute positively, with the stock trading above key moving averages and supportive momentum indicators, while rising leverage and prior earnings volatility keep the overall score from moving higher.

Positive Factors

Regional infrastructure expansionThe Gisborne hub should expand Seeka’s regional packing and storage capacity while placing services closer to growers and export routes. This investment can deepen customer relationships, improve asset utilization, and support sustained horticultural volume growth over multiple seasons.

Negative Factors

Rising leverage historyThe increase in debt relative to equity reduces financial flexibility if horticultural earnings weaken or investment needs rise. Although equity has grown and later news reports deleveraging, the 2025 balance-sheet trend leaves Seeka more exposed to interest costs and cyclical downturns.

Seeka Limited (SEK) vs. SPDR S&P 500 ETF (SPY)

Market Cap: NZD 217.69M
Dividend Yield: 12.84%
Average Volume (3M): 22.42K
Price to Earnings (P/E): 5.2
Beta (1Y): 0.26
Revenue Growth: 0.48%
EPS Growth: 38.02%
Country: NZ
Employees: 600
Sector: General
Sector Strength: 55
Industry: Agricultural Farm Products

Seeka Limited Business Overview & Revenue Model

Company Description

Based in Te Puke, New Zealand, Seeka Limited is a long-standing horticultural enterprise, established in 1987 and known as Seeka Kiwifruit Industries Limited until October 2016. The company delivers a comprehensive array of services to the horticultu...

How the Company Makes Money

Seeka makes money primarily by providing contracted post-harvest and supply-chain services to horticultural growers and marketers. Key revenue streams include: (1) packing and processing fees charged for handling fruit (e.g., receiving, grading/sorti...

Seeka Limited Financial Statement Overview

Summary

Financials show a clear recovery in 2024–2025 with stronger profitability and improved operating cash flow (FCF positive), but confidence is tempered by historical cyclicality (loss in 2023), notable margin volatility, and rising leverage (debt-to-equity up to ~0.92 in 2025).

Income Statement

72Positive

Balance Sheet

58Neutral

Cash Flow

66Positive

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	437.20M	439.61M	411.41M	300.92M	348.39M	309.57M
Gross Profit	96.02M	79.68M	104.93M	48.73M	68.31M	73.23M
EBITDA	97.52M	92.74M	70.58M	17.39M	40.77M	50.99M
Net Income	39.62M	31.96M	8.75M	-14.47M	6.50M	14.86M
Balance Sheet
Total Assets	684.81M	605.36M	549.86M	548.81M	547.87M	482.27M
Cash, Cash Equivalents and Short-Term Investments	3.35M	19.36M	2.98M	5.21M	3.55M	12.36M
Total Debt	206.56M	272.88M	202.86M	242.34M	221.01M	176.37M
Total Liabilities	347.05M	307.25M	283.46M	288.86M	276.93M	235.78M
Stockholders Equity	337.77M	298.11M	266.40M	259.95M	270.94M	246.49M
Cash Flow
Free Cash Flow	42.08M	53.30M	47.74M	-20.07M	-17.55M	19.66M
Operating Cash Flow	73.15M	79.01M	66.04M	2.67M	12.13M	41.58M
Investing Cash Flow	-32.87M	-19.35M	-19.17M	-16.64M	-41.90M	-29.75M
Financing Cash Flow	-44.17M	-43.45M	-49.20M	15.78M	20.95M	-3.88M

Seeka Limited Technical Analysis

Technical Analysis SentimentPositive

Last Price5.04

Price Trends

50DMA5.08Negative

100DMA4.92Positive

200DMA4.76Positive

Market Momentum

MACD-0.02Positive

RSI42.42Neutral

STOCH9.88Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NZ:SEK, the sentiment is Positive. The current price of 5.04 is below the 20-day moving average (MA) of 5.15, below the 50-day MA of 5.08, and above the 200-day MA of 4.76, indicating a neutral trend. The MACD of -0.02 indicates Positive momentum. The RSI at 42.42 is Neutral, neither overbought nor oversold. The STOCH value of 9.88 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for NZ:SEK.

Seeka Limited Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

NZ:SEK against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
NZ:SCT	75Outperform	NZD 216.48M	14.82	―	3.47%	9.60%	82.63%
NZ:SEK	74Outperform	NZD 212.79M	5.20	―	12.84%	0.48%	38.02%
NZ:SCL	69Neutral	NZD 960.09M	11.29	―	4.15%	100.12%	60.22%
NZ:DGL	67Neutral	NZD 420.70M	10.67	―	6.22%	4.14%	-19.51%
NZ:NZL	62Neutral	NZD 132.58M	14.48	―	5.94%	5.06%	-36.77%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
NZ:TGG	52Neutral	NZD 269.60M	21.21	―	―	-17.18%	196.29%

* General Sector Average

Performance Comparison

NZ:SEK and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
NZ:SEK	Seeka Limited	5.04	1.01	24.94%
NZ:SCL	Scales Corp. Ltd.	6.55	0.81	14.07%
NZ:DGL	Delegat Group Limited	4.16	0.26	6.75%
NZ:NZL	New Zealand Rural Land Co. Ltd.	0.91	-0.15	-14.38%
NZ:TGG	T&G Global Limited	2.20	-0.16	-6.78%
NZ:SCT	Scott Technology Limited	2.55	-0.52	-17.05%

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

Seeka Limited AI Stock Analysis