SFD
SMITHFIELD FOODS INC
SFD's fundamentals are mixed: free cash flow grew 94%, while its operating margin held steady at 7.6%. At 8.3x earnings, it's trading below its usual 10x. Its downside scenario is about five times its upside.
SFD Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Healthy | |
| Strong |
SFD's profitability, cash flow and balance sheet are currently healthy, and its revenue is stable.
SFD PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 8.3x | $18.96 | -0.1% |
| Current | 8.3x | $18.98 | — |
| Fair | 10x | $22.93 | +21% |
| Expensive | 11x | $24.64 | +30% |
| Forward | 13x | $18.98 | — |
Historical ranges are pointers, not guarantees.
SFD's PE is in its cheap range at 8.3x. Analysts expect earnings to fall, which would put today's price at 13x next year's earnings, in its expensive range.
SFD Forward outlook
| Metric | Outlook |
|---|---|
| Strongly deteriorating | |
| Strong decline | |
| Stable | |
| Strongly weakening | |
| Limited | |
| Low |
Analysts expect SFD's earnings and profitability to decline, with its revenue holding steady. However, they disagree widely on these estimates.
SFD Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.48 | -35% |
| Q3 2026 | $2.28 | +2.2% |
| Q2 2026 | $2.68 | +15% |
| Q1 2026 | $2.56 | -2.7% |
| Q4 2025 | $2.51 | +6.4% |
| Q3 2025 | $2.23 | +55% |
| Q3 2014 | $1.32 | +17% |
SFD earned $2.28 per share over the past year, up 2.2% from the year before.
SFD Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $3.4B | -8.3% |
| Q2 2026 | $3.7B | -2.3% |
| Q1 2026 | $3.8B | +0.8% |
| Q4 2025 | $4.2B | +7% |
| Q3 2025 | $3.7B | +12% |
| Q2 2025 | $3.8B | +11% |
| Q1 2025 | $3.8B | +9.5% |
| Q4 2024 | $4B | -1.2% |
SFD's revenue has held roughly level: $3.4B last quarter, down 8.3% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 3.7% | -4.6 points |
| Q2 2026 | 7.8% | +1 points |
| Q1 2026 | 8.8% | +0.3 points |
| Q4 2025 | 9.5% | +1 points |
| Q3 2025 | 8.3% | -0.3 points |
| Q2 2025 | 6.9% | -2.9 points |
| Q1 2025 | 8.5% | +3.8 points |
| Q4 2024 | 8.5% | +11 points |
SFD's operating margin was 3.7% last quarter, down 4.6 points from the same quarter a year ago.
SFD Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $45M | +$120M |
| Q2 2026 | $192M | -2% |
| Q1 2026 | -$153M | +$92M |
| Q4 2025 | $843M | +40% |
| Q3 2025 | -$75M | -138% |
| Q2 2025 | $196M | -24% |
| Q1 2025 | -$245M | +$23M |
| Q4 2024 | $601M | -18% |
SFD generated $927M in free cash flow over the past year, up 94% from the year before.
SFD Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.2% | -867K shares |
| 1 year | +0.1% | +312K shares |
| 3 years | +3.9% | +14.8M shares |
SFD has 395M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q4 2024 | — |
| Q3 2024 | — |
| Q2 2024 | — |
| Q1 2024 | — |
| Q4 2023 | — |
| Q3 2014 | — |
| Q2 2014 | — |
| Q1 2014 | — |
SFD Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.6x | Very low |
| Q2 2026 | 0.4x | Very low |
| Q1 2026 | 0.4x | Very low |
| Q4 2025 | 0.3x | Very low |
| Q3 2025 | 0.8x | Very low |
| Q2 2025 | 0.7x | Very low |
| Q1 2025 | 0.7x | Very low |
| Q4 2024 | 1.0x | Very low |
SFD's net debt is less than a year of its operating earnings (EBITDA).
SFD Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 32.7 | Neutral |
| Stochastic | 12.0 | Oversold |
SFD's weekly RSI is 33 (neutral) and its Stochastic is 12 (oversold).
SFD PE vs Consumer Defensive Sector
| Metric | SFD | Sector median | Relative |
|---|---|---|---|
| PE | 8.3x | 19x | 57% below |
| PE % | 17 | 27 | 10 pts below |
SFD is trading at 8.3x earnings, a 57% discount to the Consumer Defensive sector's median of 19x.
SFD Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $18.8 | 1% above |
| 20 week MA | $21.6 | 12% below |
| 50 week MA | $23.7 | 20% below |
SFD has bounced recently, but its long-term trend is still down: it's above its 8-week average, but 20% below its 50-week average.
SFD Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2025 | $21.5 | $22.4 | +4.4% |
| 2026 YTD | $22.4 | $19.0 | -15% |
SFD has finished every year since 2025 higher, and it's down 15% so far in 2026.