Benson Hill to Sell Fresh Business in Two Parts for $21 Million
January 4, 2023
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Benson Hill ($NYSE:BHIL) is a publicly traded consumer packaged goods company that focuses on food and beverage products. The company’s portfolio includes well-known brands such as Juicy Juice, SmashMallow, and Nature’s Bakery. Benson Hill has been growing rapidly in recent years and has seen success in both its retail and online channels. On Tuesday, the company announced that it would be selling its Fresh business in two parts for a total of $21 million to IMG Enterprises. The first part of the transaction, which included the sale of the Vero Beach facility, real estate, and packhouse, was closed on December 29, 2022, for $18 million. This will allow Benson Hill to focus on growing its core business and expanding into new markets.
The second part of the agreement, involving the remaining assets and equity related to the Fresh business, is expected to be finalized in the second quarter of 2023 through a stock purchase agreement for $3 million. The company plans to use Benson Hill’s existing infrastructure to expand their own food and beverage business. They will also be able to leverage Benson Hill’s established relationships with suppliers and customers. This move is expected to be beneficial for both companies and will help them to continue to grow their respective businesses.
Price History
The news has been generally positive so far, and the stock opened at $2.6 and closed at the same price. The two parts of the business will be sold separately, but they will both remain under Benson Hill‘s umbrella. This will allow the company to focus on their core operations while also expanding their reach. The sale of Benson Hill’s two parts is an important step forward in the company’s overall growth. It will allow them to increase their customer base and increase their profits. This is especially important for Benson Hill since many fresh businesses struggle to keep up with the competition.
By selling off two parts of their business, Benson Hill will be able to focus on the areas where they have the most success. This news has been mostly positive for Benson Hill, with their stock opening and closing at the same price on Tuesday. This is a good sign, and it could indicate that the company is on track for further success. It will help them to focus on their core operations while also expanding their reach. This is an important step forward for the company, and it could signal that they are on track for continued success in the future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Benson Hill. More…
| Total Revenues | Net Income | Net Margin |
| 377.09 | -116.51 | -37.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Benson Hill. More…
| Operations | Investing | Financing |
| -108.55 | -300.69 | 182.25 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Benson Hill. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 531.28 | 289.18 | 1.17 |
Key Ratios Snapshot
Some of the financial key ratios for Benson Hill are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | -26.5% |
| FCF Margin | ROE | ROA |
| -33.2% | -24.4% | -11.7% |
VI Analysis
Investors looking for long-term potential should consider taking a closer look at the fundamentals of Benson Hill. The VI app provides a simple analysis of the company’s fundamentals, giving it a star chart rating of strong in assets and growth, and weak in dividend and profitability. Benson Hill has an intermediate health score of 5/10 with regard to its cashflows and debt, suggesting it may be able to pay off debt and fund future operations. Benson Hill is classified as a “cheetah” company, meaning it has achieved high revenue or earnings growth but is considered less stable due to lower profitability. Investors looking for high returns without sacrificing stability may be interested in Benson Hill, as it provides a balance between the two. However, investors should be aware of the company’s weak dividend and profitability ratings, as these could be indicators of future problems. Overall, Benson Hill may be an attractive prospect for investors looking for long-term potential, but they should be aware of the potential risks associated with investing in such a company. It is important to do further research and review the company’s financials before making any decisions. More…
VI Peers
The company’s products include plant-based proteins, oils, and flours. Benson Hill‘s competitors include Arcadia Biosciences Inc, Yield10 Bioscience Inc, Vikas Proppant & Granite Ltd, and other companies that produce plant-based food and ingredients.
– Arcadia Biosciences Inc ($NASDAQ:RKDA)
Arcadia Biosciences Inc is a publicly traded company with a market cap of 8.35M as of 2022. The company has a Return on Equity of -27.94%. Arcadia Biosciences is a biotechnology company that focuses on improving the quality and nutritional value of crops. The company uses its proprietary technologies to develop and commercialize products that improve crop yield, reduce pesticide use, and improve human health.
– Yield10 Bioscience Inc ($NASDAQ:YTEN)
Bioscience Inc is a company that focuses on providing innovative and sustainable solutions for the food and beverage industry. They have a market cap of 11.94M as of 2022 and a Return on Equity of -68.22%. The company has been facing some financial difficulties recently, but they are still working hard to provide the best possible products and services for their customers.
– Vikas Proppant & Granite Ltd ($BSE:531518)
Vikas Proppant & Granite Ltd, a mid-sized company in the mining industry, has a market capitalization of 416.89 million as of 2022. The company’s return on equity is -1.48%. The company’s primary business is the extraction and processing of minerals, including proppants and granite. The company has a strong presence in India and also has operations in other countries, including the United States, China, and Australia. Vikas Proppant & Granite Ltd has a diversified product portfolio and a experienced management team. The company is well-positioned to capitalize on the growing demand for minerals globally.
Summary
Benson Hill, a fresh business enterprise, is set to be sold in two parts for a total of $21 million. The news has been met with positive reactions from investors, who are optimistic about the potential of the company. Benson Hill offers investors a great opportunity to capitalize on the growing demand for fresh goods, as well as the potential for further growth and expansion.
With the right investments and a strong strategy, Benson Hill could become a major player in the industry. Investors should carefully research the company before investing to ensure they are taking advantage of the best opportunities available.
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