Beyond Meat Stock Fair Value Calculator – BEYOND MEAT Reports Q2 FY2023 Earnings Results on June 30th 2023
August 16, 2023
🌥️Earnings Overview
BEYOND MEAT ($NASDAQ:BYND) reported a total revenue of USD 102.2 million for the second quarter of its fiscal year 2023, which was a decrease of 30.5% from its earnings results for the same period in the prior year. Net income for the quarter was reported to be USD -53.5 million, a decrease of 97.1 million from the year before.
Share Price
On June 30th 2023, BEYOND MEAT reported their second quarter FY2023 earnings results. To start the week, BEYOND MEAT stock opened at $15.6 but by the end of the day, the stock had dropped 2.9% and closed at $15.3, lower than the previous closing price of $15.7. This decline was concerning to many investors, who were hoping the company would report a strong quarter of growth. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Beyond Meat. More…
| Total Revenues | Net Income | Net Margin |
| 356.82 | -281.09 | -77.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Beyond Meat. More…
| Operations | Investing | Financing |
| -172.89 | -53.61 | -0.52 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Beyond Meat. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 968.59 | 1.27k | -4.65 |
Key Ratios Snapshot
Some of the financial key ratios for Beyond Meat are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -3.8% | – | -71.9% |
| FCF Margin | ROE | ROA |
| -59.2% | 58.1% | -16.6% |
Analysis – Beyond Meat Stock Fair Value Calculator
GoodWhale recently conducted an analysis on BEYOND MEAT‘s wellbeing and discovered that its fair value of stock is around $58.0. Our proprietary Valuation Line was used to assess the fair value of the stock, and the results revealed that the current price of BEYOND MEAT’s share at $15.3 is undervalued by 73.6%. This means that investors have the opportunity to purchase BEYOND MEAT stocks at a remarkable discount. The Valuation Line methodology entails a comprehensive analysis of a company’s financials, market position, competitive landscape, and macroeconomic factors. We believe that our analysis is reliable and comprehensive, and provides investors with an accurate estimation of BEYOND MEAT’s true value. We believe that BEYOND MEAT is currently undervalued and would be an excellent investment choice for investors looking to capitalize on the current market conditions. Investors should consider taking advantage of this bargain as soon as possible. More…
Peers
With the recent surge in popularity of plant-based meat products, many companies are scrambling to get a piece of the pie. Beyond Meat Inc, Tyson Foods Inc, Hormel Foods Corp, and Kellogg Co are all major players in the game, and they are all fighting for market share. Beyond Meat Inc has been one of the most successful companies in this space, but Tyson Foods Inc, Hormel Foods Corp, and Kellogg Co are all making moves to try to take away some of Beyond Meat’s market share. It is going to be interesting to see how this plays out over the next few years.
– Tyson Foods Inc ($NYSE:TSN)
Tyson Foods Inc has a market cap of 23.63B as of 2022, a Return on Equity of 18.58%. The company is a food company that produces and markets chicken, beef, pork, and prepared foods. It operates through four segments: Chicken, Beef, Pork, and Prepared Foods. The company has operations in the United States, Canada, Mexico, Brazil, the United Kingdom, Ireland, Continental Europe, China, and Asia.
– Hormel Foods Corp ($NYSE:HRL)
Hormel Foods Corporation is an American multinational manufacturer and marketer of consumer-branded meat and food products, many of which are sold under the company’s flagship brand, Hormel. The company was founded in 1891 and is headquartered in Austin, Minnesota. As of 2022, Hormel Foods had a market cap of $25 billion and a return on equity of 11.34%. The company’s products are sold in more than 90 countries around the world.
– Kellogg Co ($NYSE:K)
Kellogg Co is a public company that manufactures and markets cereal, snacks, and other food products. The company has a market capitalization of $24.99 billion as of April 2021 and a return on equity of 33.71%. Kellogg Co’s products are sold in more than 180 countries and include brands such as Kellogg’s, Pop-Tarts, Rice Krispies, and Cheez-It. The company has a history of strong financial performance, with revenue and earnings increasing in each of the last five fiscal years.
Summary
Investors are likely to remain cautious when evaluating Beyond Meat‘s financial performance, given the company’s 30.5% decrease in total revenue for the second quarter of 2023. Net income also decreased from the prior year, coming in at -53.5 million. Analysts will want to consider the company’s strategic initiatives and outlook as they evaluate its future performance.
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