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%.
Beyondm 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.
Earnings: A price-to-earnings ratio (PE) is one of the most basic fundamental metrics for gauging a stock’s value. The lower the PE, the higher the value.
For comparison, the S&P 500’s PE is currently at about 29.4, nearly double its long-term average of 15.9. Beyond doesn’t currently have a PE ratio because the company is not profitable. In the most recent quarter, Beyond reported a $54.8 million net loss.
Growth: Looking ahead to the next four quarters, the S&P 500’s forward PE ratio looks much more reasonable at just 21.6. Unfortunately, analysts are not expecting Beyond to turn a profit over the next four quarters.
The current consensus earnings per share estimate for Beyond for 2022 is a per-share loss of 66 cents. Beyond Meat’s consumer staples sector peers are currently averaging a 20.7 forward earnings multiple.
Yet when it comes to evaluating a stock, earnings aren't everything.
The growth rate is also critical for companies that are rapidly building their bottom lines. The price-to-earnings-to-growth ratio (PEG) is a good way to incorporate growth rates into the evaluation process. The S&P 500’s overall PEG is about 0.9. Once again, without positive earnings, Beyond doesn’t have a positive PEG ratio to use as a valuation gauge.
Price-to-sales ratio is another important valuation metric, particularly for unprofitable companies and growth stocks. The S&P 500’s PS ratio is 3.19, well above its long-term average of 1.62. Beyond Meat’s PS ratio is 13.5, more than four times the S&P 500 average. 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.
Finally, Wall Street analysts see little value in Beyond stock over the next 12 months. The average analyst price target among the 13 analysts covering Beyond is $80, suggesting about 0.6% downside from current levels.
The Verdict: At today's price, Beyond stock appears to be overvalued based on a sampling of common fundamental valuation metrics.
The intrinsic value of one BYND stock under the Base Case scenario is 13.23 USD. Compared to the current market price of 6.19 USD, Beyond Meat Inc is Undervalued by 53%. What is intrinsic value? The backtest shows that BYND's market price has consistently been higher than its intrinsic value.
The company slashed its prices with net revenue per pound down 17%, yet sales volumes still fell 7%. That's not what you'd expect to see in a stabilizing demand environment. Beyond Meat didn't fare any better in its foodservice channel, which caters to restaurants and fast-food chains.
Based on 9 Wall Street analysts offering 12 month price targets for Beyond Meat in the last 3 months. The average price target is $6.29 with a high forecast of $10.00 and a low forecast of $3.00. The average price target represents a -1.87% change from the last price of $6.41.
(NASDAQ:BYND) Given Average Recommendation of "Strong Sell" by Analysts. Shares of Beyond Meat, Inc. (NASDAQ:BYND - Get Free Report) have been given a consensus rating of "Strong Sell" by the seven brokerages that are presently covering the company, Marketbeat.com reports.
There are definitely good things going on at this food maker. But the bad news is still material, and that should worry investors. For example, despite the strength of the company's products in foreign markets, overall sales for Beyond Meat fell 7.8% in the final part of 2023. For the full year, sales were down by 18%.
There are few to no technical positive signals at the moment. The Beyond Meat Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock.
Is Beyond Meat stock a Buy, Sell or Hold? Beyond Meat stock has received a consensus rating of sell. The average rating score is and is based on 6 buy ratings, 14 hold ratings, and 16 sell ratings.
Largest shareholders include Parkwood LLC, Vanguard Group Inc, BlackRock Inc., Wolverine Asset Management Llc, Whitebox Advisors Llc, Group One Trading, L.p., Susquehanna International Group, Llp, Susquehanna International Group, Llp, Morgan Stanley, and Two Sigma Investments, Lp . Beyond Meat, Inc.
Beyond Meat's competitors and similar companies include Sovos Brands, Next Level Burger, Hungry Planet, Perfect Day and Impossible Foods. Beyond Meat is a company that produces plant-based meat substitutes.
Con #1: Plant-based meat can be more heavily processed than animal meat. As some plant-based meat and mock meat products are created to replicate animal meat, they may undergo more processing. This leads to a high content of saturated fat, sodium, and added sugar.
In 2025, our analysis predicts Beyond Meat tokenized stock FTX to be traded between a low of $13.88 and a high of $70.39. Furthermore, with the analysis of market sentiment, we project an average trading price for BYND at approximately $44.09 in 2025.
The result? Producing a Beyond Burger® uses significantly less water, land and (non-renewable) energy – and it generates 10x less Greenhouse Gas Emissions (GHGE) than a beef patty. To receive exclusive Beyond Meat® offers, updates and more.
According to Beyond Meat's latest financial reports and stock price the company's current number of shares outstanding is 64,556,557. At the end of 2023 the company had 64,556,557 shares outstanding. The number of outstanding shares is usually impacted by stock plits and shares buy back.
The company's initial products were launched in the United States in 2012. The company went public in 2019, becoming the first plant-based meat analogue company to go public. Beyond Meat, Inc.
The plant-based meat company is making some significant changes as a result of its declining sales. Plant-based meat producer, Beyond Meat, is hitting the reset button on its failing business, and it involves implementing some changes consumers may not like.
(NASDAQ: BYND) (“Beyond Meat”), a leader in plant-based meat, today announced the pricing of its initial public offering of 9,625,000 shares of common stock at a price to the public of $25.00 per share.
Beyond Meat (NASDAQ: BYND) is owned by 46.44% institutional shareholders, 18.71% Beyond Meat insiders, and 34.85% retail investors. Kleiner Perkins Caufield Byers Xiv LLC is the largest individual Beyond Meat shareholder, owning 4.92M shares representing 7.61% of the company.
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