---
title: Sysco (SYY) — intrinsic value and fair price
canonical: https://sweetvaluelab.com/stocks/syy
ticker: SYY
as_of: 2026-10-17
sector: Consumer Defensive
industry: Food Distribution
---
# Sysco (SYY)

Sysco (SYY) closed at $82.22 on Oct 16, 2026, undervalued by 15% vs its model value of $97.12 (from a five-year discounted cash flow).

## Key figures

| Figure | Value |
| --- | ---: |
| Last close | $82.22 (Oct 16, 2026) |
| Model value (from a five-year discounted cash flow) | $97.12 |
| Price vs model | undervalued by 15% vs model |
| Range of that model | $53.15 – $299.59 |
| Market value | $40.4B |
| P/E (fiscal 2026) | 22.5 |
| Net margin (fiscal 2026) | 2.1% |
| Free cash flow (fiscal 2026) | $1.9B |
| Dividend yield (trailing twelve months) | 2.65% |
| Beta | 0.64 |
| Cost of capital (WACC) | 7.15% |
| Business classification | Dividend Payer (Low/slowing growth (~4% recent), Thin margins (2.1% net margin), Pays dividends, Highly cyclical earnings, High leverage (D/E 5.1x)) |

## On the stock lists

| List | Place | Figure | Page |
| --- | ---: | ---: | --- |
| Dividend growth streaks | #28 | 38+ years | https://sweetvaluelab.com/lists/dividend-growth-streaks |

## Dividends

| Figure | Value |
| --- | ---: |
| Trailing dividend yield | 2.65% |
| Dividends per share, last 12 months | $2.18 |
| Dividends / free cash flow (fiscal 2026) | 53.5% |
| Raised | 38+ years in a row |
| Growth over 5 years | 3.4% a year |
| Latest payment | $0.55, ex-date Oct 2, 2026, paid Oct 23, 2026 |

| Year of payments | Dividends per share |
| --- | ---: |
| To Sep 30, 2021 | $1.84 |
| To Oct 6, 2022 | $1.92 |
| To Oct 5, 2023 | $1.98 |
| To Oct 4, 2024 | $2.02 |
| To Oct 3, 2025 | $2.10 |
| Trailing twelve months (to Oct 2, 2026) | $2.18 |

## Valuation models

Each model's value per share and the role the engine gave it for this business. The headline above is one model's value; every other model is listed with its own, and each has a page of its own under the valuation. Computed Oct 17, 2026.

| Model | Role | Value per share | Low | High |
| --- | --- | ---: | ---: | ---: |
| DCF · Perpetuity growth · 5y | primary | $97.12 | $53.15 | $299.59 |
| DCF · Perpetuity growth · 10y | cross check | $102.86 | $59.03 | $301.37 |
| DCF · EBITDA exit · 5y | cross check | $102.73 | $67.10 | $144.76 |
| DCF · EBITDA exit · 10y | cross check | $107.19 | $69.50 | $157.55 |
| P/E · peers | cross check | $124.20 | $79.46 | $175.54 |
| P/E · own history | cross check | $95.14 | $87.11 | $127.87 |
| PEG | sanity check | $97.89 | $97.89 | $97.89 |
| EV/EBITDA · peers | cross check | $98.73 | $52.02 | $108.99 |
| EV/Revenue · peers | cross check | $79.11 | $20.24 | $79.22 |
| Earnings power value | cross check | $41.15 | $29.78 | $58.54 |
| Dividend discount | cross check | $39.48 | $26.86 | $66.40 |

## Insider activity (SEC Form 4)

Past 90 days: 0 open-market buys ($0) and 4 open-market sales ($741,569.3); 10b5-1 plan sales included.

| Date | Insider | Relationship | Transaction | Shares | Value |
| --- | --- | --- | --- | ---: | ---: |
| Sep 30, 2026 | Dibadj Ali | Director | Grant / award | 350 | $27,471.5 |
| Sep 30, 2026 | Paul Alison Kenney | Director | Grant / award | 105 | $8,241.4 |
| Sep 30, 2026 | Brutto Daniel J | Director | Grant / award | 63 | $4,944.9 |
| Sep 30, 2026 | GLASSCOCK LARRY C | Director | Grant / award | 334 | $26,215.7 |
| Sep 11, 2026 | Higgs Stephen Dale | SVP | Tax withholding | 176 | $14,486.6 |

## Recent SEC filings

| Filed | Form | What | Filing |
| --- | --- | --- | --- |
| Oct 6, 2026 | 8-K | 1.01 Entry into a Material Agreement; 2.03 Creation of a Direct Financial Obligation; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/96021/000110465926114079/tm2625144d27_8k.htm |
| Oct 1, 2026 | ARS | Annual report to shareholders | https://www.sec.gov/Archives/edgar/data/96021/000009602126000039/a2026syyars.pdf |
| Oct 1, 2026 | DEFA14A | Additional proxy materials | https://www.sec.gov/Archives/edgar/data/96021/000009602126000038/a2026syydefa14a.htm |
| Oct 1, 2026 | DEF 14A | Proxy statement | https://www.sec.gov/Archives/edgar/data/96021/000009602126000037/syy-20261001.htm |
| Sep 25, 2026 | 8-K | 1.01 Entry into a Material Agreement; 2.03 Creation of a Direct Financial Obligation; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/96021/000110465926110977/tm2625144d26_8k.htm |

## Superinvestors holding it (latest 13F)

| Manager | Quarter | Shares | Value |
| --- | --- | ---: | ---: |
| Bill Nygren | 2026-06-30 | 16,292,380 | $1.4B |
| Yacktman | 2026-06-30 | 1,293,545 | $108.1M |
| Loeb | 2026-06-30 | 580,000 | $48.2M |
| Bridgewater | 2026-06-30 | 172,898 | $14.5M |

7 tracked managers in all.

## About

Sysco Corporation, through its subsidiaries, engages in the marketing and distribution of various food and related products to the foodservice or food-away-from-home industry in the United States, Canada, the United Kingdom, France, and internationally. It operates through U.S. Foodservice Operations, International Foodservice Operations, SYGMA, and Other segments. The company distributes frozen food, such as meat, seafood, fully prepared entrées, fruits, vegetables, and desserts; canned and dry food products; fresh meat and seafood products; dairy products; beverages; imported specialties; and fresh produce products. It also supplies various non-food items, including paper products comprising disposable napkins, plates, and cups; tableware consisting of glassware and silverware; cookware, such as pots, pans, and utensils; restaurant and kitchen equipment and supplies; and cleaning suppl…

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Source: https://sweetvaluelab.com/stocks/syy (SweetValueLab, free, no account). Prices and statements from Financial Modeling Prep; filings from SEC EDGAR. Research and educational data, not investment advice; nothing here is a recommendation to buy, sell or hold any security.