Seaboard Corp (SEB) is undervalued and Valmont Industries Inc (VMI) is overvalued.
Against our estimates of intrinsic value, SEB trades at the wider discount: a margin of safety of +41%, against -23% for VMI.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 6.6% (average of 3 methods) values the shares at $7026.28; the price of $4124.09 is 41% below that value, and 85% of that value comes from beyond year five.
Leak Score 100/100 on 3 of 12 signals
Discounting its cash flows at 10.7% (average of 3 methods) values the shares at $380.52; the price of $468.01 is 23% above that value, and 70% of that value comes from beyond year five.
Leak Score 59/100 on 3 of 12 signals
| Metric | SEB | VMI |
|---|---|---|
| Verdict | Undervalued | Overvalued |
| Price | $4124.09 | $468.01 |
| Intrinsic value | $7026.28 | $380.52 |
| Margin of safety | +41% | -23% |
| Leak Score | 100/100 (3/12) | 59/100 (3/12) |
| Market cap | $4.0B | $9.0B |
| Revenue growth, 5 years | 6.5% | 7.2% |
| Operating margin | 3.6% | 13.8% |
| Net margin | 6.2% | 11.9% |
| Return on equity | 12.3% | 31.1% |
| Debt to equity | 0.36 | 0.50 |
| P/E | 6.2x | 18.2x |
| Forward P/E | — | 18.0x |
| P/B | 0.7x | 5.1x |
| Dividend yield | 0.2% | 0.7% |