A Business at a Glance
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Beyond Meat is a leading plant-based meat company offering a portfolio of revolutionary plant-based meats. We build meat directly from plants, an innovation that enables consumers to experience the taste, texture and other sensory attributes of popular animal-based meat products while enjoying the nutritional and environmental benefits of eating our plant-based meat products. Our brand promise, “Eat What You Love,” represents a strong belief that there is a better way to feed our future and that the positive choices we all make, no matter how small, can have a great impact on our personal health and the health of our planet. By shifting from animal-based meat to plant-based meat, we can positively impact four growing global issues: human health, climate change, constraints on natural resources and animal welfare.
| Metric | TTM | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | 291M | 326M | 343M | 419M | 465M | 407M |
| Net Income | -238M | -160M | -338M | -366M | -182M | -53M |
| EPS | $-3.17 | $-2.43 | $-5.26 | $-5.75 | $-2.88 | $-0.85 |
| Free Cash Flow | -143M | -110M | -118M | -391M | -437M | -98M |
| ROIC | -31.8% | -29.7% | -54.2% | -39.4% | -14.4% | -14.4% |
| Gross Margin | 8.5% | 12.8% | -24.1% | -5.7% | 25.2% | 30.1% |
| Debt/Equity | 0.00 | -1.90 | -2.22 | -5.57 | 8.53 | 0.00 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | -241M | -156M | -342M | -343M | -175M | -49M |
| Operating Margin | -83.0% | -47.8% | -99.6% | -81.8% | -37.6% | -12.1% |
| ROE | 0.0% | - | - | - | -137.4% | -14.4% |
| Shares Outstanding | 454M | 66M | 64M | 64M | 63M | 62M |
| Metric | 2018 | 2019 | 2020 | 2021 | 2022 | |||
|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||
| Revenue | 88M | 298M | 407M | 465M | 419M | 343M | 326M | 291M |
| Gross Margin | 20.0% | 33.5% | 30.1% | 25.2% | -5.7% | -24.1% | 12.8% | 8.5% |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| EBIT | -28M | -9.4M | -49M | -175M | -343M | -342M | -156M | -241M |
| Op. Margin | -31.8% | -3.1% | -12.1% | -37.6% | -81.8% | -99.6% | -47.8% | -83.0% |
| Net Income | -30M | -12M | -53M | -182M | -366M | -338M | -160M | -238M |
| Net Margin | -34.0% | -4.2% | -13.0% | -39.2% | -87.4% | -98.5% | -49.1% | -81.8% |
| Non-Recurring | 1.5M | 4.9M | 6.4M | 16M | 17M | 631K | 0 | 0 |
| Returns on Capital | ||||||||
| ROIC | -16.5% | -3.1% | -14.4% | -14.4% | -39.4% | -54.2% | -29.7% | -31.8% |
| ROE | N/A | -3.2% | -14.4% | -137.4% | N/A | N/A | N/A | 0.0% |
| ROA | -22.3% | -2.8% | -11.3% | -13.2% | -34.5% | -43.7% | -22.1% | -39.6% |
| Cash Flow | ||||||||
| Op. Cash Flow | -38M | -47M | -40M | -301M | -320M | -108M | -99M | -127M |
| Free Cash Flow | -60M | -71M | -98M | -437M | -391M | -118M | -110M | -143M |
| Owner Earnings | -45M | -68M | -81M | -351M | -387M | -185M | -146M | -174M |
| CapEx | 22M | 24M | 58M | 136M | 70M | 11M | 11M | 16M |
| Maint. CapEx | 4.9M | 8.1M | 13M | 22M | 33M | 48M | 23M | 23M |
| Growth CapEx | 17M | 16M | 44M | 114M | 38M | 0 | 0 | 0 |
| D&A | 4.9M | 8.1M | 13M | 22M | 33M | 48M | 23M | 23M |
| CapEx/OCF | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Capital Allocation | ||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 514K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Stock-Based Comp | 2.2M | 13M | 27M | 28M | 34M | 29M | 24M | 24M |
| Debt Repayment | 437K | 0 | 1.2M | 24M | 0 | 0 | 0 | 0 |
| Balance Sheet | ||||||||
| Net Debt | -54M | -254M | -159M | 396M | 824M | 947M | 1.0B | -117M |
| Cash & Equiv. | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 117M |
| Long-Term Debt | 0 | 11M | 0 | 1.1B | 1.1B | 1.1B | 1.1B | 1.1B |
| Debt/Equity | 0.00 | 0.06 | 0.00 | 8.53 | -5.57 | -2.22 | -1.90 | 0.00 |
| Interest Coverage | -24.8 | -3.0 | -19.2 | -48.0 | -86.4 | -86.4 | -38.1 | -38.1 |
| Equity | -122M | 384M | 367M | 132M | -204M | -513M | -601M | -784M |
| Total Assets | 134M | 452M | 468M | 1.4B | 1.1B | 774M | 678M | 600M |
| Total Liabilities | 255M | 68M | 101M | 1.2B | 1.3B | 1.3B | 1.3B | 11M |
| Intangibles | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Retained Earnings | -130M | -142M | -195M | -377M | -743M | -1.1B | -1.2B | -1.2B |
| Working Capital | 78M | 356M | 243M | 958M | 531M | 298M | 225M | 225M |
| Current Assets | 103M | 404M | 332M | 1.1B | 606M | 373M | 286M | 286M |
| Current Liabilities | 25M | 48M | 89M | 94M | 76M | 74M | 61M | 61M |
| Per Share Data | ||||||||
| EPS | -4.75 | -0.29 | -0.85 | -2.88 | -5.75 | -5.26 | -2.43 | -3.17 |
| Owner EPS | -0.73 | -1.58 | -1.30 | -5.55 | -6.07 | -2.88 | -2.21 | -0.38 |
| Book Value | -1.97 | 8.95 | 5.92 | 2.10 | -3.20 | -7.99 | -9.12 | -1.73 |
| Cash Flow/Share | -0.61 | -1.10 | -0.64 | -4.77 | -5.03 | -1.68 | -1.50 | -0.47 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 61.8M | 42.9M | 62.1M | 63.2M | 63.7M | 64.3M | 66.0M | 453.6M |
| Valuation | ||||||||
| P/E Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -0.2 |
| P/FCF | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Price/Book | N/A | 8.4 | 21.4 | 31.6 | N/A | N/A | N/A | N/A |
| Price/Sales | N/A | 18.0 | 19.1 | 16.6 | 5.0 | 2.3 | 1.3 | 1.0 |
| FCF Yield | N/A | -2.2% | -1.2% | -10.4% | -54.1% | -21.1% | -40.8% | -47.7% |
| Market Cap | N/A | 3.2B | 7.8B | 4.2B | 722M | 561M | 269M | 299M |
| Avg. Price | N/A | 125.15 | 125.29 | 122.24 | 32.68 | 12.51 | 6.62 | 0.66 |
| Year-End Price | N/A | 75.64 | 126.44 | 66.31 | 11.34 | 8.72 | 4.08 | 0.66 |
BEYOND MEAT, INC. passes 0 of 9 quality checks, indicating weak fundamentals.
The company's 5-year average gross margin is 7.7%.
BEYOND MEAT, INC. (BYND) has a 5-year average return on invested capital (ROIC) of -30.4%. This is below average and may indicate limited pricing power.
BEYOND MEAT, INC. (BYND) has a market capitalization of $299M. It is classified as a small-cap stock.
BEYOND MEAT, INC. (BYND) does not currently pay a regular dividend.
BEYOND MEAT, INC. (BYND) operates in the Food And Kindred Products industry, within the Consumer Defensive sector.
BEYOND MEAT, INC. (BYND) reported annual revenue of $326 million in its most recent fiscal year, based on SEC EDGAR filings.
BEYOND MEAT, INC. (BYND) has a net profit margin of -49.1%. The company is currently unprofitable.
BEYOND MEAT, INC. (BYND) generated $-110 million in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
BEYOND MEAT, INC. (BYND) reported earnings per share (EPS) of $-2.43 in its most recent fiscal year.
BEYOND MEAT, INC. (BYND) has a 5-year average gross margin of 7.7%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 7 years of financial data for BEYOND MEAT, INC. (BYND), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
BEYOND MEAT, INC. (BYND) has a book value per share of $-9.12, based on its most recent annual SEC filing.