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No institutional (13F) filings cover this company, so the Overview and 13F tabs are thin. Everything drawn from its SEC filings is here.
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What the company returns to shareholders — and whether it's covered by cash.
No dividend to cover. Last year: $0 dividends + $0 buybacks = $0 returned on -$241.1M FCF.
Yields use the latest fiscal-year dividends/buybacks over current market cap. Dividends and buybacks from the SEC cash-flow statement; payout coverage vs net income and free cash flow. Educational — not a recommendation.
How management deployed cash over 10 years — and what it earned on reinvestment.
A reinvestment story — most cash went back into growth rather than to shareholders.
Modest payoff on reinvested capital. Current ROIC on all capital: 3%. Rough measure (includes maintenance capex).
Cash uses aggregated from the SEC cash-flow statement over 10 fiscal years. "Return on reinvestment" is a rough proxy — operating-income change ÷ cumulative CapEx + M&A — and includes maintenance capex. Educational — not a recommendation.
Solve the discounted cash flow backwards, then stress-test the assumptions.
Average free cash flow across the last 1 positive fiscal year (FY2023). Smooths the cycle. Stock compensation is NOT charged — it is added back inside operating cash flow.
To be worth $7.51 today, the market must believe free cash flow compounds 7.0%/yr for a decade (off $24.6M on the 3-yr avg basis).
Default is 9.9% — this company's computed cost of capital (computed WACC), the same rate the Analysis tab discounts at.
2-stage DCF · 0.03B shares · net debt $243.4M
mean -99.5% · volatility σ 296% · implied rate exceeded in 2/6 yrs
Central path = implied 7.0%/yr growth; shaded band = ±1σ (296%) of this company's historical FCF volatility, widening with time. The wider the band, the less certain the growth.
Reverse DCF: rather than guessing a fair value, we solve for the growth the current price implies, then you stress-test the assumptions. Enterprise value of the FCF stream, less net debt, ÷ shares. Educational — not a recommendation.
How much the company owes, how it's trended, and how comfortably it's serviced.
Cash of $8.4M is below the $21.0M due within a year — relies on refinancing or operating cash flow. Scheduled principal only (excludes interest & revolver draws). As of 2026-06-30 (10-Q). The cash figure is from 2025-12-31, so the two are not the same balance-sheet date — the schedule has not been refiled since.
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Coverage is adequate but not comfortable. Effective rate ~2.4% on $251.8M of debt.
Cash of $8.4M fully covers short-term debt of $646K.
Mostly long-term debt (balance-sheet current vs non-current split). See the maturity ladder above for the year-by-year repayment schedule.
Debt, cash, interest and equity from the SEC balance sheet & income statement. Effective rate = interest ÷ average debt. Maturity ladder from the SEC long-term-debt repayment schedule. Educational — not a recommendation.
Ranked against 14 sector peers with collected financials. Valuation from latest close × latest fiscal-year fundamentals; 13F conviction as of 2026-09-30.
Percentile is “goodness” within the peer set (100 = best). For valuation and leverage that means cheaper / less-levered ranks higher.
| Company | Mkt cap ▼ | P/E | EV/EBITDA | P/S | Rev gr | Gross | Net | ROE | ROIC | Net D/EBITDA | 13F |
|---|---|---|---|---|---|---|---|---|---|---|---|
| FLO | $1.3B | 15.4× | 8.9× | 0.3× | 3.0% | — | 1.6% | 6.4% | 2.7% | 5.1× | 94 |
| SENEA | $1.1B | 26.9× | 12.2× | 0.7× | 8.2% | 9.5% | 2.6% | 6.5% | 3.8% | 3.5× | 36 |
| BRBR | $1.1B | 5.4× | 5.5× | 0.5× | 16.1% | 33.3% | 9.3% | -47.6% | 34.3% | 2.7× | 51 |
| SMPL | $926M | 10.4× | 6.0× | 0.6× | 9.0% | 36.2% | 7.1% | 5.7% | 5.0% | 0.8× | 42 |
| MALG | $914M | 55.6× | 36.6× | 24.4× | — | 72.1% | 49.9% | 66.1% | 66.1% | -0.1× | — |
| JBSS | $660M | 10.7× | 6.0× | 0.6× | 6.2% | 18.0% | 5.3% | 16.3% | 14.4% | 0.4× | 36 |
| MAMA | $605M | 98.7× | 56.9× | 3.5× | 39.2% | 25.1% | 3.1% | 10.0% | 9.1% | -1.4× | 20 |
| VITL | $399M | 6.5× | 3.6× | 0.5× | 25.3% | 37.6% | 8.7% | 18.9% | 18.9% | -0.5× | 39 |
| LWAY | $355M | 26.1× | 17.3× | 1.7× | 13.7% | 27.4% | 6.5% | 16.1% | 16.1% | -0.3× | 14 |
| AFRI | $341M | — | — | 1.9× | -35.6% | 10.4% | -8.4% | -224% | -45.1% | 9.8× | — |
| BRCC | $325M | — | — | 0.8× | 1.7% | 34.6% | -3.0% | -26.1% | -14.8% | — | 3 |
| SDSYA | $228M | 12.9× | 17.3× | 0.5× | -9.1% | 4.9% | 3.5% | 5.2% | 3.0% | 8.9× | — |
| BGS | $183M | — | 12.7× | 0.1× | -5.4% | 21.8% | -2.4% | -9.6% | -1.8% | 11.6× | 30 |
| MED | $137M | — | — | 0.4× | -36.0% | 71.3% | -4.8% | -9.4% | -9.4% | — | 12 |
| WYHG | $105M | 18.4× | 2.7× | 0.8× | -6.5% | 29.2% | 5.9% | 4.6% | 4.0% | -3.7× | — |
Peers = companies sharing SDSYA's sector (Fats & Oils) with collected SEC financials. Multiples use the most recent end-of-day close and latest fiscal-year fundamentals (trailing, not forward). Missing cells mean the peer never reported that line item, has no collected price, or has a non-positive denominator. Not investment advice.
EOD close · as of 2026-10-29
How a revenue dollar becomes profit — FY2025
Dividends and buybacks are cash paid out, shown here against the same year's profit for scale — not funded from it.
Each value shows its share of revenue below it (common-size).
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $503.8M 100.0% | $554.4M 100.0% | $703.1M 100.0% | $721.5M 100.0% | $590.2M 100.0% | $415.0M 100.0% | $371.3M 100.0% | $391.8M 100.0% | $375.8M 100.0% | $377.9M 100.0% |
| Cost of Revenue | $479.1M 95.1% | $525.0M 94.7% | $624.7M 88.8% | $648.1M 89.8% | $556.7M 94.3% | $395.8M 95.4% | $356.5M 96.0% | $362.6M 92.6% | $364.2M 96.9% | $363.8M 96.3% |
| Gross Profit | $24.7M 4.9% | $29.4M 5.3% | $78.4M 11.2% | $73.4M 10.2% | $33.5M 5.7% | $19.3M 4.6% | $14.8M 4.0% | $29.2M 7.4% | $11.6M 3.1% | $14.1M 3.7% |
| Selling, General & Admin | $7.2M 1.4% | $6.1M 1.1% | $6.5M 0.9% | $5.7M 0.8% | $4.6M 0.8% | $3.8M 0.9% | $3.6M 1.0% | $3.8M 1.0% | $3.2M 0.9% | $3.4M 0.9% |
| Operating Income | $17.5M 3.5% | $23.3M 4.2% | $71.9M 10.2% | $67.7M 9.4% | $28.9M 4.9% | $15.4M 3.7% | $11.2M 3.0% | $25.3M 6.5% | $8.4M 2.2% | $10.7M 2.8% |
| Interest Expense | $6.1M 1.2% | $6.4M 1.2% | $2.8M 0.4% | $2.2M 0.3% | $1.6M 0.3% | $1.1M 0.3% | $919K 0.2% | $898K 0.2% | $458K 0.1% | $414K 0.1% |
| Other Income (Expense), net | -$4.5M -0.9% | -$1.6M -0.3% | -$819K -0.1% | -$282K -0.0% | -$876K -0.1% | $148K 0.0% | -$195K -0.1% | $551K 0.1% | -$1.6M -0.4% | $1.9M 0.5% |
| Pretax Income | — | — | — | — | $28.0M 4.7% | $15.6M 3.8% | $11.0M 3.0% | $25.9M 6.6% | $6.8M 1.8% | $12.6M 3.3% |
| Income Tax Expense | — | — | — | — | $0 0.0% | $0 0.0% | $600 0.0% | $2K 0.0% | $2K 0.0% | -$6K -0.0% |
| Net Income | $17.7M 3.5% | $20.3M 3.7% | $70.4M 10.0% | $67.5M 9.4% | $28.0M 4.7% | $15.6M 3.8% | $11.0M 3.0% | $25.9M 6.6% | $6.8M 1.8% | $12.6M 3.3% |
| Per Share | ||||||||||
| EPS (Basic) | $0.58 | $0.67 | $2.32 | $2.22 | $0.92 | $0.51 | — | — | — | — |
| EPS (Diluted) | $0.58 | $0.67 | $2.32 | $2.22 | $0.92 | $0.51 | — | — | — | — |
| Weighted Avg Shares (Basic) | 30.4M | 30.4M | 30.4M | 30.4M | 30.4M | — | — | — | — | — |
| Weighted Avg Shares (Diluted) | 30.4M | 30.4M | 30.4M | 30.4M | 30.4M | — | — | — | — | — |
Source: SEC EDGAR XBRL filings (annual, fiscal year). Quarterly flow items are derived from cumulative filings; balance-sheet figures are as-of each period end. Ratios and margins are computed, not reported.
Total return (dividends reinvested) vs the market, from quarter-end prices.
Above 0 = ahead of the S&P 500 since the window start; below 0 = behind. Rising means it's pulling ahead.
How far the stock fell below its prior peak. Deeper, longer drawdowns = a rougher ride to the same return.
Quarter-end, dividend-adjusted (total return). Beta & volatility from quarterly returns (annualized). Benchmark is the S&P 500 (SPY total return). Annual returns compound the quarters ending in each calendar year; the first and last years in a window may be partial. Past performance doesn't predict future results.
EOD close · as of 2026-10-29
Where each multiple sits in its own 8-yr range · 70th pct blended
Dot = today · shaded = middle 50% · line = median. Lower percentile = cheaper vs its own 8-yr history.
Is the profit real, and how strong is the balance sheet?
FY2025 · every deduction from revenue to net income
DuPont — the three levers
ROE 5% against ROIC 3% — 2% of the return on equity comes from leverage and buybacks rather than from the operating business.
What the company owes vs. what it holds
This shows debt/cash structure and net leverage. The year-by-year maturity schedule is on the Debt & Leverage tab.
Latest year: profit growth vs revenue growth
High operating leverage: profit moved 2.8× as fast as sales — great in an upturn, painful in a downturn.
Each line as % of revenue — the trend in color
| % of revenue | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Cost of Revenue | 92.6 | 96.0 | 95.4 | 94.3 | 89.8 | 88.8 | 94.7 | 95.1 |
| Gross Profit | 7.4 | 4.0 | 4.6 | 5.7 | 10.2 | 11.2 | 5.3 | 4.9 |
| SG&A | 1.0 | 1.0 | 0.9 | 0.8 | 0.8 | 0.9 | 1.1 | 1.4 |
| Operating Income | 6.5 | 3.0 | 3.7 | 4.9 | 9.4 | 10.2 | 4.2 | 3.5 |
| Income Tax | 0.0 | 0.0 | 0.0 | 0.0 | — | — | — | — |
| Net Income | 6.6 | 3.0 | 3.8 | 4.7 | 9.4 | 10.0 | 3.7 | 3.5 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on SDSYA: price, valuation and headline fundamentals from SEC filings. The four questions at the top of the page are where the judgements live.
Earns -7.3pts against its cost of capital — capital is being consumed, not created.
| Period | ROIC | Cost of capital | Spread |
|---|---|---|---|
| FY2020 | 12.4% | 9.9% (today's — no rate published for this year) | 2.5pts |
| FY2021 | 20.9% | 6.1% | 14.7pts |
| FY2022 | 35.3% | 7.8% | 27.5pts |
| FY2023 | 27.4% | 9.8% | 17.6pts |
| FY2024 | 5.7% | 8.1% | -2.4pts |
| FY2025 | 2.6% | 9.1% | -6.5pts |
| Now | 3.0% | 9.9% | -6.9pts |
| Fiscal year | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| FY2016 | 3.7% | 2.8% | 3.3% |
| FY2017 | 3.1% | 2.2% | 1.8% |
| FY2018 | 7.4% | 6.5% | 6.6% |
| FY2019 | 4.0% | 3.0% | 3.0% |
| FY2020 | 4.6% | 3.7% | 3.8% |
| FY2021 | 5.7% | 4.9% | 4.7% |
| FY2022 | 10.2% | 9.4% | 9.4% |
| FY2023 | 11.2% | 10.2% | 10.0% |
| FY2024 | 5.3% | 4.2% | 3.7% |
| FY2025 | 4.9% | 3.5% | 3.5% |
Leverage and buybacks account for 2 points of the 5% return on equity in FY2025. The business earns 3% on the capital it employs; the rest is balance sheet.
ROE is on average equity; ROIC is NOPAT over average invested capital (debt plus equity less excess cash). The gap is not a single adjustment.
Margins have compressed 2 years running even as the spread stayed positive.
Free cash flow has fallen short of reported profit in 3 of the last three years.
The cash conversion cycle has lengthened +24 days over 3 years to 120 — that many more days of the company's own cash funding the same volume of business.
Missing from our data, so excluded from this answer: share_based_compensation.
Covers interest 2.0x under stress — adequate, without much room.
| EBITDA decline | Interest coverage |
|---|---|
| 0% | 2.86x |
| 5% | 2.72x |
| 10% | 2.58x |
| 15% | 2.43x |
| 20% | 2.29x |
| 25% | 2.15x |
| 30% | 2.00x |
| 35% | 1.86x |
| 40% | 1.72x |
| 45% | 1.58x |
| 50% | 1.43x |
| 55% | 1.29x |
| 60% | 1.15x |
Ladder as of 2026-06-30 (10-Q); cash from the 2025-12-31 balance sheet; FCF from FY2025. Free cash flow is negative, so projected resources fall rather than accumulate.
Balance sheet at 2025-12-31. Undrawn revolving credit is not shown: the tag is collected but not yet mapped through to the API.
Free cash flow is negative, so debt service depends on the cash balance rather than on the business.
At $7.51, free cash flow must compound 9.22%/yr for 10 years. It has no positive compounding record to compare against.
| Fiscal year | FCF growth | Price requires |
|---|---|---|
| FY2021 | −52.1% | 9.2% |
| FY2022 | 330.3% | 9.2% |
| FY2023 | 25.1% | 9.2% |
| FY2024 | −576.4% | 9.2% |
The implied rate has been matched or beaten in 2 of the last 4 years.
| Step | Amount | Running total |
|---|---|---|
| Net income | $18M | $18M |
| Share-based comp | not reported | not reported |
| Other non-cash & working capital | −$57M | −$39M |
| Operating cash flow | −$39M | −$39M |
| Capex | −$202M | −$241M |
| Free cash flow | −$241M | −$241M |
| Fiscal year | Revenue growth | Receivables growth | Gap |
|---|---|---|---|
| FY2020 | 11.8% | 18.7% | 6.9 points |
| FY2021 | 42.2% | 26.1% | -16.1 points |
| FY2022 | 22.3% | 19.0% | -3.3 points |
| FY2023 | -2.5% | 0.1% | 2.6 points |
| FY2024 | -21.1% | -31.6% | -10.5 points |
| FY2025 | -9.1% | -1.6% | 7.5 points |
| Fiscal year | DSO | DIO | DPO | Cash conversion cycle |
|---|---|---|---|---|
| FY2019 | 24 days | 51.3 days | 5 days | 70.3 days |
| FY2020 | 25.5 days | 64.2 days | 1.4 days | 88.3 days |
| FY2021 | 22.6 days | 62.3 days | 1.3 days | 83.7 days |
| FY2022 | 22 days | 75.6 days | 1.3 days | 96.4 days |
| FY2023 | 22.6 days | 42.1 days | 4.4 days | 60.3 days |
| FY2024 | 19.6 days | 31.3 days | 2.8 days | 48.2 days |
| FY2025 | 21.2 days | 101.2 days | 2.4 days | 120 days |
| Fiscal year | Accruals / assets |
|---|---|
| FY2019 | 8.6 percent |
| FY2020 | 0.6 percent |
| FY2021 | 4.1 percent |
| FY2022 | 12.9 percent |
| FY2023 | -13.8 percent |
| FY2024 | -7.0 percent |
| FY2025 | 6.7 percent |
Below the line, the asset base is being consumed faster than it is replaced.
Depreciation here includes amortisation of acquired intangibles — goodwill written down over time, customer lists, acquired technology. Capex does not replace those and is not meant to, so an acquisitive or asset-light company sits below 1.0 permanently and correctly. The signal is cleanest for capital-intensive businesses, where the two measure the same physical base. For that reason this informs the earnings-quality verdict but never caps it.