Seaboard Corporation SEB

Competitive advantage analysis · industrials

Corporate Default
Overall moat score
54/100
Moderate

Ranked against 26 peers in Conglomerates

About Seaboard Corporation

Seaboard Corporation, together with its subsidiaries, operates in agricultural, energy, and ocean transportation business worldwide. It operates through Pork, Commodity Trading and Milling (CT&M), Marine, Liquid Fuels, Power, and Turkey segments. The Pork segment produces and sells pork products to further processors, food service operators, grocery stores, and distributors; and hogs. The CT&M segment sources, transports, and markets wheat, corn, … Full SEB analysis →

Key strengths

  • Strong Interest Coverage & Conservative Leverage Debt serviceability is strong (score 0.72), with robust interest coverage.
  • Margins Stable Across Cycles Operating margin volatility is low (stability score 0.76), demonstrating pricing resilience across cycles.

Key risks

  • Scale Without Profitability Despite scale, profitability lags peers (score 0.30), suggesting limited competitive advantage.

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

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Pricing Power

Developing
46
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Signals, strengths and risks for Pricing Power

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Signals, strengths and risks for Cost Advantage

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Signals, strengths and risks for Customer Stickiness

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Signals, strengths and risks for Capital Efficiency

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Signals, strengths and risks for Resilience

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Signals, strengths and risks for Scale & Market Position

Where SEB ranks in Conglomerates

Seaboard Corporation ranks #12 of 27 scored companies in Conglomerates by moat score — the top 44%. The widest moat in the group is Steel Partners Holdings LP LTD (SPLP) at 79/100.

# Company Moat score Rating
8 Cresud S.A.C.I.F. y A. Warrant CRESW 62/100 Moderate
9 Cresud S.A.C.I.F. y A. CRESY 62/100 Moderate
10 MDU Resources Group, Inc. MDU 61/100 Moderate
11 Brookfield Business Partners L. BBU 58/100 Moderate
12 Seaboard Corporation SEB 54/100 Moderate
13 FTAI Infrastructure Inc. FIP 50/100 Developing
14 Harte Hanks, Inc. HHS 47/100 Developing
15 Matthews International Corporat MATW 46/100 Developing
16 Boston Omaha Corporation BOC 46/100 Developing

See every General Corporate company ranked by moat score →

How SEB scores on the Corporate Default defenses

Pricing Power

Score 46 · 20% of the moat score

Pricing power is the ability to raise prices without losing volume.

Cost Advantage

Score 69 · 15% of the moat score

A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.

Customer Stickiness

Score 53 · 15% of the moat score

Stickiness is what makes revenue repeat without being re-won every year.

Capital Efficiency

Score 51 · 18% of the moat score

Capital efficiency asks what the company earns on the money tied up in the business.

Resilience

Score 71 · 17% of the moat score

Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.

Scale & Market Position

Score 36 · 15% of the moat score

Scale matters only when it converts into economics.

How each Corporate Default defense is measured, in full →

Understanding SEB's moat

What is Seaboard Corporation's moat score?

Seaboard Corporation (SEB) scores 54 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as moderate. It ranks #12 of 27 scored companies in Conglomerates, the top 44%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 26 companies in Conglomerates. Its strongest defense is Resilience (71/100) and its weakest is Scale & Market Position (36/100).

How does Seaboard Corporation compare with other Conglomerates companies?

Seaboard Corporation ranks #12 of 27 scored companies in Conglomerates by moat score. The widest moat in Conglomerates is Steel Partners Holdings LP LTD (SPLP) at 79/100. The companies ranked closest are Brookfield Business Partners L. (BBU) at 58 just above it and FTAI Infrastructure Inc. (FIP) at 50 just below it.

How is the moat score calculated?

Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 26 companies in Conglomerates. The defenses are then weighted to produce the overall score out of 100.

Why is Seaboard Corporation scored with the Corporate Default template?

Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.

Which competitive defenses are measured for Seaboard Corporation?

The Corporate Default template measures 6 defenses, and SEB scores: Pricing Power (46), Cost Advantage (69), Customer Stickiness (53), Capital Efficiency (51), Resilience (71), Scale & Market Position (36). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.

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