Seaport Entertainment Group Inc. · Miscellaneous Amusement & Recreation

SEG

Moderate riskNext report: Around Nov 9 (est.)

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The short version

A company still losing money with shrinking sales, with elevated risk. Institutions are adding.

Going well

Sales up 18% last year
Little debt

Watch out for

Sales down 14% in the latest quarter vs a year ago
About 19 months of cash left at its current burn
Share count growing 32.1% a year (dilution)

Money moves

No insider buying or selling in the last 30 days
Institutions added 96% to their holdings in the quarter ending June 2026 (52 bought, 36 sold)
Held by Bill Ackman (Pershing Square)

Facts from SEC filings, not a recommendation.

What the price means

Price as of Oct 26

$22.60-0.4% that day

Company value: $289M; Share price times all shares
Price vs sales: 2.4x; No profit over the last year, so this compares value with sales instead
Cash vs value: 41%; A big cushion: cash is a large part of what the company is worth
Debt vs value: 13%; Debt as a share of company value

From SEG's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.

The business over time

Last 12 quarters, from SEC filings

Sales, Jun '26

$34.3M-14% vs a year earlier

Sep '23Tap a barJun '26

Last 12 months: $121.6M, up 3.1% from the 12 months before.

What the price assumes

Your guesses, our math

Move the sliders to your own view of SEG. Starting points are the company's recent numbers (it isn't profitable yet, so the margin starts at a 10% guess).

Sales growth+3% a yearRecently: +3.1% a yearProfit margin10%Not reportedP/E at the end15xMany steady companies trade at 12x to 25xShare count change+10% a yearBelow zero means buybacks; above zero means new shares (dilution)

Sales in 5 years$141M

Profit in 5 years$14M

Price these guesses point to$10.25-55% vs $22.60 todayAbout -15% a year, before dividends

What today's price needs: with a 10% margin and a 15x P/E, sales would have to grow about 21% a year for 5 years just to match today's price.

Simple math on your guesses, not a forecast or a price target. Real results depend on many things these sliders leave out.

Price

Price chart by TradingView.

Business quality

The checklist Warren Buffett-style investors use. Annual numbers for 2025.

1/5Weak

MissReturn on equity 15%+Earns a lot on the money owners have in the business.-22.9%
PassDebt under half of equityNot relying on borrowed money.0.08x equity
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.-89.5%
MissFree cash flow positiveBrings in more cash than it spends to run and grow.-$49.7M
MissShare count not growingNot diluting owners. Falling means buybacks.+130.3% in 3 years

Revenue: $130.4M; +18.3% vs prior year
Total debt: $38.3M; 0.08x equity
Free cash flow: -$49.7M; -38.1% of revenue

From annual reports filed with the SEC. Not in this company's SEC data, so not scored: profitable every year, gross margin 40%+. A checklist is a starting point for research, not a verdict.