By September 2022, the stock price had fallen to an all-time low, that was 93 % lower than the all-time high set in July 2019 and 74 % lower than at the start of 2022. Beyond Meat shifted its focus to grocery, convenience stores, and other forms of distribution during the COVID-19 pandemic. In November 2020, Beyond Meat announced sales had only grown by 2% year-on-year compared to an expected increase of 40% due to the impact of COVID-19 on foodservice sales. As of June 2021, Beyond Meat had a market cap of $9.44 billion. On the day of its IPO, the company was valued at $3.8 billion and was the best-performing public offering by a major U.S. It is the first plant-based meat analogue company to go public. In May 2019, Beyond Meat went public and trades on the United States Nasdaq exchange under the symbol BYND. Beyond Meat is also backed by celebrity and athlete investors such as Leonardo DiCaprio, Jessica Chastain, Snoop Dogg, Liza Koshy, Chris Paul, Kyrie Irving, DeAndre Hopkins and others. īy 2018, Beyond Meat had raised US$72 million in venture financing. Tyson Foods purchased a 5% stake in Beyond Meat in October 2016, but sold its 6.5% stake and exited the investment in April 2019, ahead of the company's initial public offering. Over the years 2013 to 2016, the company received venture funding from GreatPoint Ventures, Kleiner Perkins, Obvious Corporation, Bill Gates, Biz Stone, the Humane Society and Tyson Foods. The People for the Ethical Treatment of Animals (PETA) named Beyond Meat as its Company of the Year for 2013. In 2014, Beyond Meat developed its first plant-based beef product, Beyond Beef Crumbles, and has since expanded into plant-based pork. Upon licensing Hsieh and Huff's technology, Beyond Meat launched its first product, Beyond Chicken Strips (originally called "Chicken-Free Strips"), at Whole Foods in 2012 and expanded nationally in 2013. Brown initially contacted two University of Missouri professors, Fu-hung Hsieh and Harold Huff, who had been developing their meatless protein for years. History A Beyond burger served at a restaurant in Tuolumne County, California, United States FoundingĮthan Brown founded the company in 2009 with the stated mission of combating climate change. The company went public in 2019, becoming the first plant-based meat analogue company to go public. The company's initial products were launched in the United States in 2012. is a Los Angeles–based producer of plant-based meat substitutes founded in 2009 by Ethan Brown. However, Beyond's PS ratio is also down 35.8% over the past two years, suggesting the stock is priced at the low end of its historical valuation range.Beyond Meat, Inc. Beyond Meat’s PS ratio is 13.5, more than four times the S&P 500 average. The S&P 500’s PS ratio is 3.19, well above its long-term average of 1.62. Price-to-sales ratio is another important valuation metric, particularly for unprofitable companies and growth stocks. Once again, without positive earnings, Beyond doesn’t have a positive PEG ratio to use as a valuation gauge. The price-to-earnings-to-growth ratio (PEG) is a good way to incorporate growth rates into the evaluation process. The growth rate is also critical for companies that are rapidly building their bottom lines. Yet when it comes to evaluating a stock, earnings aren't everything. Beyond Meat’s consumer staples sector peers are currently averaging a 20.7 forward earnings multiple. The current consensus earnings per share estimate for Beyond for 2022 is a per-share loss of 66 cents. Unfortunately, analysts are not expecting Beyond to turn a profit over the next four quarters. Growth: Looking ahead to the next four quarters, the S&P 500’s forward PE ratio looks much more reasonable at just 21.6. Related Link: Why Beyond Meat Shares Are Falling In the most recent quarter, Beyond reported a $54.8 million net loss. Beyond doesn’t currently have a PE ratio because the company is not profitable. The lower the PE, the higher the value.įor comparison, the S&P 500’s PE is currently at about 29.4, nearly double its long-term average of 15.9. Beyond Meat Inc (NASDAQ: BYND) shares have lagged the S&P 500 in 2021, generating a year-to-date total return loss of 35.7%.īeyondm Meat's stock has had a wild ride in 2021, but investors may be wondering whether there’s any value to be found in Beyond shares.Įarnings: A price-to-earnings ratio (PE) is one of the most basic fundamental metrics for gauging a stock’s value.
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