Benson Hill (BHIL) AI Stock Analysis

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Benson Hill

(NASDAQ:BHIL)

Rating:39Underperform

Price Target:―

Benson Hill's stock score reflects significant financial challenges, including declining revenues and high leverage, which are the primary concerns. The technical analysis does not show signs of recovery, and the negative valuation metrics further contribute to the low score. Improvements in cash flow management are noted but are insufficient to offset the broader financial instability.

Benson Hill (BHIL) vs. SPDR S&P 500 ETF (SPY)

Market Cap

$367.45K

Dividend YieldN/A

Average Volume (3M)331.46K

Price to Earnings (P/E)―

Beta (1Y)4.19

Revenue Growth-54.24%

EPS Growth23.84%

CountryUS

Employees270

SectorBasic Materials

Sector Strength66

IndustryAgricultural Inputs

Share Statistics

EPS (TTM)-18.64

Shares Outstanding6,114,020

10 Day Avg. Volume816,452

30 Day Avg. Volume331,457

Financial Highlights & Ratios

PEG Ratio>-0.01

Price to Book (P/B)2.37

Price to Sales (P/S)0.00

P/FCF Ratio-4.17

Enterprise Value/Market Cap1.69K

Enterprise Value/Revenue0.47

Enterprise Value/Gross Profit59.95

Enterprise Value/Ebitda-2.96

Forecast

1Y Price TargetN/A

Price Target UpsideN/A

Rating ConsensusHold

Number of Analyst Covering0

Benson Hill Business Overview & Revenue Model

Company DescriptionBenson Hill (BHIL) is an innovative food technology company that operates at the intersection of plant biology, data science, and food production. The company is focused on advancing food production systems by leveraging its CropOS platform, a cutting-edge computational platform that combines machine learning and genomics to improve crop performance. Benson Hill aims to deliver more nutritious, sustainable, and affordable food solutions by optimizing the growth and production of plants and plant-based ingredients.

How the Company Makes MoneyBenson Hill generates revenue primarily through its proprietary CropOS platform and its associated plant breeding and biotechnology services. The company earns money by developing and licensing improved crop varieties, which are designed to enhance yield, nutritional content, and sustainability. Additionally, Benson Hill partners with agricultural companies, food manufacturers, and ingredient suppliers to co-develop tailored crop solutions. Revenue streams also include direct sales of seeds and plant-based ingredients to food producers and processors. Strategic partnerships and collaborations with industry leaders further bolster its financial performance by expanding market reach and accelerating innovation.

Benson Hill Earnings Call Summary

Earnings Call Date:Mar 12, 2025

(Q4-2023)

% Change Since: -92.50%|

Next Earnings Date:May 08, 2025

Earnings Call Sentiment Neutral

The earnings call presented significant achievements such as revenue growth, debt reduction, and cost-cutting success, positioning the company for future opportunities. However, challenges remain with goodwill impairment, expected revenue decline in 2024 due to asset divestitures, and concerns over cash burn. The company is in a transition phase, focusing on leveraging its technology and strategic partnerships.

Q4-2023 Updates

Positive Updates

Revenue Growth

Benson Hill reported consolidated revenues of $473 million, a 24% year-over-year improvement, driven by a 52% revenue growth in proprietary and 18% growth in nonproprietary grain products.

Debt Reduction

The company retired its senior term loan, representing approximately $120 million in debt plus interest and fees, ending the year with approximately $49 million in cash.

Cost-Cutting Success

Benson Hill restructured its organization and reduced recurring OpEx and CapEx by more than 33%, achieving significant cost savings.

Expansion in Soy Segments

The company is on track to expand its seed portfolio from 22 to 35 varieties by 2025, leveraging its advanced soy genetics toolbox.

Negative Updates

Goodwill Impairment and Nonrecurring Costs

Total operating expenses included $19 million in goodwill impairment and $13 million in net charges related to nonrecurring severance and other costs.

2024 Revenue Decline

Expected lower revenue in 2024 due to the divestiture of soy processing assets and transition to a new business model.

Cash Burn Concerns

Free cash use was $87 million, including onetime cash costs of approximately $16 million, with ongoing efforts needed to reduce cash burn further.

Company Guidance

During the Benson Hill Q4 2023 earnings call, management provided a comprehensive update on the company's strategic initiatives and financial performance metrics. The company reported consolidated revenues of $473 million for 2023, marking a 24% year-over-year improvement, with proprietary grain products growing by 52% and nonproprietary grain products by 18%. Gross profit reached $23 million, more than tripling the prior year's figure, while adjusted EBITDA showed a loss of $48 million, improved by over 40% from the previous year. The company successfully reduced recurring operating expenses (OpEx) and capital expenditures (CapEx) by more than 33% and ended the year with approximately $49 million in cash. Looking ahead to 2024, Benson Hill aims to transition to an asset-light business model, focusing on strategic partnerships and licensing deals. While revenues are expected to decline due to recent asset divestitures, the company anticipates enhancing earnings quality and reducing cash burn. Key performance areas for 2024 include transitioning from the legacy business model, improving operating margins, securing partnerships, optimizing capital structure, and expanding its intellectual property and technology pipeline.

Benson Hill Financial Statement Overview

Summary

Income Statement

Balance Sheet

Cash Flow

TTM	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Breakdown
Income Statement		Total Revenue
205.82M	473.34M	381.23M	147.21M	59.07M	79.52M
	Gross Profit
10.36M	23.63M	3.53M	-945.00K	4.65M	8.56M
	EBIT
-68.37M	-72.73M	-125.01M	-123.08M	-54.27M	-43.70M
	EBITDA
-57.48M	-54.27M	-55.36M	-109.09M	-46.80M	-39.91M
	Net Income Common Stockholders
-101.77M	-115.31M	-127.91M	-126.25M	-64.52M	-43.91M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
14.41M	48.68M	157.17M	182.65M	110.08M	10.93M
	Total Assets
137.54M	274.76M	500.92M	534.90M	231.78M	96.74M
	Total Debt
94.40M	145.83M	187.64M	165.73M	65.42M	18.70M
	Net Debt
87.41M	130.00M	162.58M	86.76M	55.68M	16.08M
	Total Liabilities
110.70M	188.72M	307.02M	283.45M	99.10M	45.04M
	Stockholders Equity
26.84M	86.04M	193.90M	251.45M	132.68M	51.70M
Cash Flow		Free Cash Flow
-40.20M	-84.89M	-109.88M	-149.24M	-62.53M	-51.19M
	Operating Cash Flow
-38.02M	-73.13M	-93.40M	-117.75M	-52.68M	-44.35M
	Investing Cash Flow
131.46M	118.03M	-40.25M	-154.59M	-100.67M	-4.55M
	Financing Cash Flow
-119.08M	-72.14M	98.01M	341.56M	160.70M	48.55M

Benson Hill Technical Analysis

Technical Analysis Sentiment

Negative

Last Price0.06

Price Trends

50DMA

0.99

Negative

100DMA

2.00

Negative

200DMA

4.28

Negative

Market Momentum

MACD

-0.29

Positive

RSI

24.37

Positive

STOCH

3.53

Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BHIL, the sentiment is Negative. The current price of 0.06 is below the 20-day moving average (MA) of 0.39, below the 50-day MA of 0.99, and below the 200-day MA of 4.28, indicating a bearish trend. The MACD of -0.29 indicates Positive momentum. The RSI at 24.37 is Positive, neither overbought nor oversold. The STOCH value of 3.53 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for BHIL.

Benson Hill Risk Analysis

Benson Hill disclosed 59 risk factors in its most recent earnings report. Benson Hill reported the most risks in the "Finance & Corporate" category.

Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy

Latest Risks Added 0 New Risks

Benson Hill Peers Comparison

Overall Rating

UnderperformOutperform

Sector (51)

Financial Indicators

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CORT	72 Outperform	$7.55B	61.96	21.52%	―	30.93%	11.78%
ADM	66 Neutral	$25.94B	19.25	6.03%	3.78%	-8.59%	-50.72%
RGEN	56 Neutral	$6.60B	―	-1.16%	―	4.88%	-196.93%
PLUG	51 Neutral	$1.31B	―	-83.81%	―	-19.85%	4.94%
Sector *	51 Neutral	$1.99B	-1.26	-21.11%	5.30%	2.92%	-30.46%
BHIL	39 Underperform	$367.45K	―	-141.52%	―	-54.24%	23.84%
DNMRQ	32 Underperform	$697.94K	―	-43.11%	―	-26.70%	27.53%

* Basic Materials Sector Average

Performance Comparison

BHIL

Benson Hill

0.06

-5.72

-98.96%

ADM

Archer Daniels Midland

53.61

-6.13

-10.26%

CORT

Corcept Therapeutics

71.38

40.79

133.34%

PLUG

Plug Power

1.11

-1.34

-54.69%

RGEN

Repligen

118.85

-4.80

-3.88%

DNMRQ

Danimer Scientific

0.21

-25.63

-99.19%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.