Tattooed Chef Stock Fair Value – Tattooed Chef Shares Fall as Revenue and Capital Raise Worries Escalate

Trending News 🌧️

Tattooed Chef ($NASDAQ:TTCF) has been in the news lately for all the wrong reasons. The California-based plant-based food company’s stock has taken a hit due to concerns about their decreasing revenue and the need for additional capital. This has rattled investors, with many choosing to sell their shares as they worry about the company’s future. Tattooed Chef is a plant-based food company that produces healthy and delicious meals from wholesome ingredients. They focus on providing families and individuals with convenient vegan options that are easy to prepare and full of flavor. Their portfolio includes vegan tacos, burgers, and bowls, and their products are sold in retail stores and ecommerce outlets across the US.

To make matters worse, Tattooed Chef recently announced that it would be raising additional capital due to the decreased revenue. This news has caused concern among investors, leading to the current drop in share price. Despite the challenges the company is currently facing, Tattooed Chef is determined to continue providing healthy, delicious vegan options for families and individuals alike. Moving forward, investors will be watching closely to see how the company navigates their financial worries and continues to create plant-based food solutions for the world.

Earnings

TATTOOED CHEF, a company that specializes in plant-based and frozen food, recently released its earning report of FY2022 Q3 as of September 30 2022. Based on the report, TATTOOED CHEF earned 54.12M USD in total revenue, but lost 38.5M USD in net income. Compared to the previous year, this marks a 7.9% decrease in total revenue.

Despite the net loss, TATTOOED CHEF’s total revenue increased from 40.96M USD to 54.12M USD over the last 3 years. Nonetheless, worries about the company’s finances have been escalating, especially with the need for a capital raise to cover losses.

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Tattooed Chef. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Tattooed Chef. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Tattooed Chef. More…

Key Ratios Snapshot

Some of the financial key ratios for Tattooed Chef are shown below. More…

Market Price

TATTOOED CHEF, a brand of plant-based food, has been under pressure this week after its stock opened at $0.8 and closed at $0.6, plunging 24.9% from its last closing price of 0.8. This drop comes as revenues for the company have been decreasing and concerns about its ability to secure capital have been escalating. The company’s stock dropped further on Tuesday as investors became increasingly concerned about its financial predicament.

Given the current market headwinds, it remains unclear how TATTOOED CHEF will be able to secure the capital it needs to remain competitive in the long-term. It remains to be seen if the company can overcome these challenges and continue its mission to revolutionize the plant-based food industry. Live Quote…

Analysis – Tattooed Chef Stock Fair Value

At GoodWhale, we have conducted an analysis of TATTOOED CHEF‘s financials. Our proprietary Valuation Line reveals that the intrinsic value of TATTOOED CHEF share is around $16.3. However, it is currently trading at $0.6, which means that it is undervalued by 96.3%. This presents a great opportunity for investors to buy the stock and benefit from potential price appreciation as the market prices move closer to its true value. More…

Peers

In the world of food, there is stiff competition between companies that want to be the best in the business. One such company is Tattooed Chef Inc, which competes against The Planting Hope Co Inc, Sovos Brands Inc, and The Fresh Factory B.C. Ltd. All of these companies want to provide the best product possible to their customers, and they all have different strategies for doing so. The Planting Hope Co Inc is a company that focuses on organic and sustainable foods, and they use eco-friendly packaging to appeal to their customers. Sovos Brands Inc is a company that focuses on healthy and nutritious foods, and they use attractive packaging to appeal to their customers. The Fresh Factory B.C. Ltd is a company that specializes in fresh and frozen foods, and they use convenient packaging to appeal to their customers.

– The Planting Hope Co Inc ($TSXV:MYLK)

Planting Hope Co Inc is a company that provides plant-based solutions to the food industry. The company has a market cap of 55.42M as of 2022 and a return on equity of 4.27%. Planting Hope Co Inc’s products are based on the latest scientific research and are designed to provide the best possible nutrition for the food industry. The company’s products are available in a variety of forms, including powders, capsules, and liquids.

– Sovos Brands Inc ($NASDAQ:SOVO)

The company’s market cap is 1.4B as of 2022, a Return on Equity of -1.89%. The company’s products include apparel, footwear, and accessories for men, women, and children. The company operates in the United States, Canada, Europe, and Asia.

– The Fresh Factory B.C. Ltd ($OTCPK:FRFAF)

The Fresh Factory B.C. Ltd is a company that produces fresh fruits and vegetables. It has a market cap of 24.28M as of 2022. The company is based in Canada and its products are sold in North America and Europe.

Summary

Additionally, the company announced plans to raise capital to support its operations, causing further concern for shareholders. With major changes in the market, investors will be watching closely to see how the company plans to improve its financials and restore investor confidence.