Sipef NV (SIP) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Sipef NV stock €125, price €109, upside +14.6%, quality 79 out of 100. Rating: undervalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 8, 2026.
How to read this chart
60‑month range €43.65 – €112.60 · fair‑value band €82.29 – €185.90 · the €109.20 price screens below the €125.16 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. As of Nov 8, 2026.
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Sipef NV operates as an agro-industrial company. The company operates through Palm, Rubber, and Bananas segments. It also provides crude palm oil, palm kernels, and palm kernel oil; flowers; pineapple and bananas.
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The company operates in Papua New Guinea, Côte d'Ivoire, Singapore, Europe, and Indonesia. Sipef NV was incorporated in 1919 and is headquartered in Schoten, Belgium.
Stock analysis
Sipef NV (SIP) currently trades at €109.20, while our model-based Fair Value estimate is €125.16, implying the stock looks roughly 13% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of €213.18 per share, and 17 of the 26 models we run sit above the €109.20 price.
Bear case: the Dividend Discount group reads lowest at €29.85, and 9 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: €82.29 (bear) to €185.90 (bull), the price of €109.20 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 79/100 (high quality), in the Consumer Defensive sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Sipef NV reported revenue of $594M in FY2025 versus $416M in FY2021, a compound +9.3%/yr. Reported net income was $131M in FY2025, compounding +8.6%/yr from FY2021.
Key figures
Market cap €1.1B Small · P/E ratio 10.4 · P/S ratio 2.03 · EPS (TTM) €10.48 · Dividend yield 4.6% · Net margin 20.4% · Return on equity 13.2% · Return on assets (EBIT) 13.3% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 75 out of 100 (low confidence).
What moves the price
The share trades about 3% below its 52-week high and 46% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Consumer Defensive peers we cover trades at 6% fair-value upside, at 15%, SIP screens cheaper than that median.
Fair Value models
Bear€82.29Fair Value €125.16Bull€185.90
Price €109.20 · Upside +14.6%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (€4.64 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Best data coverage
FCF DCF€129.84€202.00€307.9479
Growth DCF€129.84€197.48€293.3378
Owner Earnings€104.22€161.76€246.2576
All 26 models by family
DCF Models
FCF DCF€129.84€202.00€307.9479
Owner Earnings€104.22€161.76€246.2576
5Y Revenue Exit€82.66€120.18€167.2373
5Y EBITDA Exit€172.07€294.35€441.7074
5Y P/E Exit€150.02€251.39€361.5870
10Y Revenue Exit€97.99€136.57€188.0267
10Y EBITDA Exit€154.16€253.09€393.0767
10Y P/E Exit€140.68€224.35€333.2163
Earnings-Based
Graham-Dodd€76.24€285.90€386.6864
Lynch FV€68.99€98.55€128.1261
PEG = 1.0€68.99€98.55€128.1257
EPV€106.60€121.62€134.3274
Dividend Discount
Gordon GGM€16.78€31.54€45.0967
DDM Multi-Stage€16.78€28.16€33.5467
Multiples
P/E Multiple€176.58€235.44€294.3163
P/S Multiple€61.18€81.57€101.9658
P/B Multiple€51.87€69.16€86.4555
EV/EBIT€227.53€300.88€374.2466
EV/EBITDA€223.10€294.97€366.8567
EV/Revenue€61.01€83.95€106.8954
Asset-Based
NCAV (Graham)€1.65€2.51€3.1354
Growth DCF
Growth DCF€129.84€197.48€293.3378
Rev-Margin DCF€82.66€121.33€168.6373
Economic Profit
Residual Income€78.90€92.45€129.9376
ROIC Compounder€112.35€141.07€176.8072
Growth Earnings
Growth-Adj P/E€127.18€181.69€236.2067
The fair value above starts from this blend and is adjusted for a cyclical peak year.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+33.8%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+4.0%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+16.7%
Start year 2020 (pandemic). Over 10 years: +10.1% a year
Revenue growth 23 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+7.2%
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’25
What shareholders gained per year (last 5 years) (mathematically smoothed) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip.
≈ +19.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year≈ +15.1%
Dividend (yield on the price)4.6%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.base effect: 56.0% / 11.0%
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.11% → 34%
2025 sits 79% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
⚠ Base effect: the rate starts in the earnings trough around 2020 (starting value 1.36 per share, median 3.63 in 2015 to 2018). It measures the recovery from the trough, not lasting growth.
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−5.8%
The company could shrink this much every year for the next five years and today's price would still be justified.
What forecasts expect
n/a
No analyst forecast available.
After inflation (euro area: IMF forecast 2.2% a year to 2030, 2.6% from 2016 to 2025) that is about −7.8% a year for the price.
News mood ⓘNews mood, the average tone of recent news (4 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Hype
Recent news coverage is unusually upbeat, far more positive than stocks are typically covered.
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Farm Products · 291 stocks
Beats the industry median on 12/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score79 · Top 25%
Fair Value upside+14.6% · Above median
Profitability
Return on equity (12 months)13.2% · Top 25%
Return on assets10.8% · Top 25%
Net margin (12 months)20.4% · Top 25%
Operating margin (12 months)29.9% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)23.0% · Top 25%
Dividend yield (12 months)4.6% · Top 25%
Balance sheet
Debt / equity0.05× · Below median
Valuation Multiplesvs Farm Products median · lower = cheaper
P/E (12 months)10.4× · Cheaper than median
P/B1.28× · Pricier than median
P/S (12 months)2.03× · Pricier than median
Price / free cash flow (fiscal year)9.2× · Cheaper than median
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Sipef NV Fair Value". https://www.fairvalue-calculator.com/stock/SIP
Frequently asked questions
Is Sipef NV (SIP) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of €125.16 versus a price of €109.20, about +15% upside (undervalued).
What is the fair value of SIP?
Our model-based fair value for Sipef NV is €125.16 (as of Nov 8, 2026), built from audited fundamentals. The current price: €109.20.
What is the quality score of SIP?
Sipef NV has a Quality Score of 79/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Sipef NV (SIP)?
Our model-based price target is the fair value of €125.16 (as of Nov 8, 2026) from 26 valuation models. Cautious scenario €82.29, optimistic scenario €185.90. It is a calculation from audited fundamentals, not an analyst target.
What is the Sipef NV stock forecast for 2026?
Our models put fair value at €125.16, about +15% upside versus a price of €109.20 (undervalued). Cautious scenario €82.29, optimistic scenario €185.90. The calculation is refreshed regularly with new filings.
What is the revenue of Sipef NV (SIP)?
Sipef NV reported trailing-twelve-month revenue of about €628M (latest available figure, as of Nov 8, 2026).
Does Sipef NV pay a dividend?
Sipef NV currently shows a dividend yield of 4.62% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of Sipef NV (SIP) and when is the ex-dividend date?
Sipef NV pays a dividend of €5.05 per share a year, a dividend yield of 4.6%. The last ex-dividend date was Jun 12, 2026. A dividend has been paid every year since 2021. The payout ratio is 48.2% of earnings. Free cash flow covers the dividend 2.62 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into Sipef NV (SIP)?
For today's price to be fair in a discounted-cash-flow model, Sipef NV would have to grow free cash flow by -5.8 % per year for five years (discount rate 10.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +16.7 % per year. As of Nov 8, 2026.
What discount rate (WACC) does the fair value of SIP use?
Our models discount Sipef NV at 10.3 %: a base by market capitalisation (small), damped by beta 0.09, country premium for Belgium. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Sipef NV that is -5.8 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (10.3 %) and the same formula as our fair value.
How much growth has Sipef NV (SIP) delivered so far?
Over the past 5 years revenue at Sipef NV grew +16.7 % a year. The price currently implies free-cash-flow growth of -5.8 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Sipef NV (SIP) growing?
The median revenue growth in the sector is +3.6 % a year. That is the yardstick for the growth priced into Sipef NV (-5.8 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Sipef NV (SIP)?
The free-cash-flow yield on the price is 12.06 %: that much free cash flow Sipef NV produces per unit of market value. When it exceeds the discount rate of our models (10.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Sipef NV (SIP)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Sipef NV it is €125.16 per share (as of Nov 8, 2026), against a price of €109.20. It is the blended result of 26 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Sipef NV stock overvalued or undervalued in 2026?
As of Nov 8, 2026, SIP trades below its calculated fair value: price €109.20, fair value €125.16, a gap of about +15% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of SIP?
No. The price is what the market pays today (€109.20); the fair value is what the company's own numbers justify (€125.16). For Sipef NV the two are €15.96 per share apart. That gap is exactly why we show both numbers side by side.
How much is Sipef NV worth?
The market values Sipef NV at about €1.1B (market capitalisation, as of Nov 8, 2026). Per share that is €109.20; our models calculate a fair value of €125.16 per share.
What do the bullish and bearish scenarios say about SIP?
Our models span a range for Sipef NV: cautious scenario €82.29, base €125.16, optimistic €185.90 per share (as of Nov 8, 2026, price €109.20). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of SIP?
Sipef NV trades at a price-to-earnings ratio of 10.4 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of €125.16 is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings: 8.3. Other multiples: P/B 1.3, P/S 2.0, EV/EBITDA 4.8.
How solid is the balance sheet of Sipef NV (SIP)?
Balance-sheet figures for Sipef NV (as of Nov 8, 2026): return on equity 13.2%, debt of 0.05 per unit of equity. They feed the Quality Score of 79/100, which measures business quality independently of the share price.
How far is SIP from its 52-week high?
Sipef NV trades at €109.20, about 3% below its 52-week high of €112.60 and 46% above the low of €74.81 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of €125.16 is for.
Which stocks are comparable to Sipef NV?
From the same area (Consumer Defensive) we also value Muyuan Foods Group, Archer-Daniels-Midland Company, Tyson Foods, Inc, Bunge Global SA, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Sipef NV stock attractive at the current price?
The data as of Nov 8, 2026: price €109.20, calculated fair value €125.16 (+15%), Quality Score 79/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of SIP calculated?
We run Sipef NV through 26 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of €125.16 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0% above its aggregate fair value. Sipef NV currently trades 13% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Sipef NV (SIP)?
The closing price on Nov 6, 2026 was €109.20. Our model-based fair value is €125.16, about +15% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Sipef NV right now?
A fairly wide model range (€82.29 to €185.90) leaves room in how you read the outcome. The price sits in the lower half of our model range, the side with the larger margin of safety. The data supports the verdict: every model runs on fully documented inputs.
Where does the earnings growth of Sipef NV (SIP) come from?
Earnings per share at Sipef NV grew +8.2 % a year from 2014 to 2025. Broken into its drivers: revenue per share +5.8 %, EBIT margin +4.8 %, tax rate −0.6 %, residual (interest, one-offs) −1.8 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Sipef NV
How large is the market capitalisation of Sipef NV (SIP)?
The market capitalisation of Sipef NV is €1.1B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Sipef NV (SIP)?
The price-to-sales ratio of Sipef NV is 2.03 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Sipef NV (SIP)?
Earnings per share at Sipef NV are €10.48 (price ÷ EPS = P/E 10.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Sipef NV (SIP)?
The dividend yield of Sipef NV is 4.6% (payout 48.2%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Sipef NV (SIP)?
The net margin of Sipef NV is 20.4% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Sipef NV (SIP)?
The return on equity (ROE) of Sipef NV is 13.2% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Sipef NV (SIP)?
On an EBIT basis the return on assets of Sipef NV is 13.3% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Sipef NV (SIP)?
The operating margin of Sipef NV is 29.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Sipef NV (SIP)?
Revenue at Sipef NV is growing +23.0% versus a year earlier (3y avg +4.0%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Sipef NV (SIP)?
Earnings per share at Sipef NV are growing +3.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Sipef NV (SIP) hold?
Sipef NV holds more cash than debt, €87.1M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Broad data
Nov 8, 2026