Beyond Meat

0.38 (0.47%)

NASDAQ:BYND | Last traded on 11-15-2019 4:00 PM

Market Reaction

Offer Price

$25.00

Today Open Price

$81.04

Change Since IPO

Market Cap

$5B

Day High

$83.14

Day Low

$79.06

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Featured Analysis

Beyond Meat is the Kim Kardashian of IPOs. It is a unique company with its revolutionary commercialized meat alternative. But, it is a tiny company with a huge valuation- lots of sizzle but not much steak (Cha Ching). Financially, it is unprofitable, has negative cash flow from operations, and has a valuation of 17 times trailing sales. The buzz is enough for it to pop, but we don't do "KK" on this site. Or do we? Send me some comments.

Company Data

Location

El Segundo, CA

Valuation

$1.4B

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Founded

2009

Total Shares Offered

58,308,044

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Employees

383

IPO Date

2019-05-02

Background Information

Beyond Meat, Inc. is a food company specializing in plant-based meat substitutes. The company sells its product to not only grocery and retail channels, but also restaurants and schools. Started in 2009, the company has many subsidiary products, such as Beyond Chicken, The Beyond Burger, and The Cookout Classic brand products.

Financial Analysis

Years 2017 2018
Revenue growth -- 101% 170%
Net profit margin -155%-93%-34%
Valuation -- -- $1.47B
Revenue multiple -- -- 17x
Profit multiple -----49x

Financial Information

Income Statement ($M) 20162017 2018
Revenue163388
Cost of goods sold223570
Gross profit(6)(2)18
Total operating expense182646
EBIT(25)(29)(28)
Pretax profit(25)(30)(30)
Net income(25)(30)(30)
Balance Sheet ($M) 20162017 2018
Total current assets52103
Cash and cash equivalents3954
Total assets66134
Total current liabilities1225
Total liabilities1456
Total shareholder equity96122
Total liabilities and equity66134
Cash Flow Statement ($M) 201620172018
Net cash from operating expenses(23) (25)(38)
Net cash from investing activities(5) (8)(23)
Net cash from financing activities32 5576
Net increase in cash and cash equivalents3 2215