Beyond Meat (BYND) AI Stock Analysis

• Market Cap: $192.48M
• Dividend Yield: N/A
• Average Volume (3M): 2.05M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.17
• Revenue Growth: -2.19%
• EPS Growth: 55.86%
• Country: US
• Employees: 754
• Sector: Consumer Defensive
• Sector Strength: 81
• Industry: Packaged Foods
• EPS (TTM): -0.69
• Shares Outstanding: 76,381,620
• 10 Day Avg. Volume: 1,699,905
• 30 Day Avg. Volume: 2,054,342
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 0.00
• Price to Cash Flow (P/CF): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: 7.01
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: 32.38
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: $2.70
• Price Target Upside: 18.42% Upside
• Rating Consensus: Moderate Sell
• Number of Analyst Covering: 7

Beyond Meat faces substantial financial and operational challenges, as evidenced by negative earnings, cash flow issues, and strategic restructuring efforts. Despite some strategic initiatives to improve financial stability, the overall outlook remains negative due to weak technical indicators and poor valuation metrics.

Positive Factors

Future sales guidance

Management is guiding to improved sequential sales of $80m - $85m next quarter up from $69m this time around, citing recovered distribution at 2 large retailers.

International sales

International sales trends remain positive, even as the U.S. sees markedly more negative trends, which management attributes to the deteriorating macro environment.

Revenue growth

While revenue is growing again, which is encouraging from a fundamental perspective.

Negative Factors

Capital structure

Issuance of new shares during Q4 was dilutive to equity, reflecting the vulnerability of BYND's capital structure amid continued cash burn.

Liquidity

Management withdrew 2025 guidance due to uncertainty in the operating environment and announced $100M in a secured loan at a 12% borrowing rate to ensure liquidity.

Sales performance

US Sales impacted by weak demand, with U.S. retail sales decreasing by 15.4% and U.S. Foodservice declining by 23.5%.

Beyond Meat Business Overview & Revenue Model

Company Description

Beyond Meat, Inc. manufactures, markets, and sells plant-based meat products in the United States and internationally. The company sells a range of plant-based meat products across the platforms of beef, pork, and poultry. It sells its products through grocery, mass merchandiser, club store, convenience store and natural retailer channels, and direct-to-consumer, as well as various food-away-from-home channels, including restaurants, foodservice outlets, and schools. The company was formerly known as Savage River, Inc. and changed its name to Beyond Meat, Inc. in September 2018. Beyond Meat, Inc. was founded in 2009 and is headquartered in El Segundo, California.

How the Company Makes Money

Beyond Meat generates revenue primarily through the sale of its plant-based meat products. The company's key revenue streams include retail sales through grocery stores, supermarkets, and online platforms, as well as foodservice sales to restaurants, cafés, and other food establishments. Beyond Meat has partnered with various foodservice providers and fast-food chains to integrate its products into their menus, enhancing its market reach and brand visibility. The company's earnings are significantly influenced by consumer demand for plant-based protein, expansion into international markets, and ongoing product innovation to meet diverse dietary preferences.

Beyond Meat Financial Statement Overview

Summary

Beyond Meat's financial performance is concerning. The company faces declining revenue, negative net profit margin, and substantial operational challenges. The balance sheet shows high leverage and potential solvency issues, while cash flow remains negative despite slight improvements.

Income Statement

Beyond Meat's income statement reveals a challenging financial situation. The company experienced a decline in revenue with a negative revenue growth rate from 2023 to 2024. Gross profit margin has improved from a negative position in 2023, indicating some operational improvements, but net profit margin remains deeply negative due to significant net losses. Both EBIT and EBITDA margins are substantially negative, reflecting ongoing operational challenges and high costs relative to revenue.

Balance Sheet

The balance sheet of Beyond Meat indicates a precarious financial position. The debt-to-equity ratio is concerning due to negative equity, which suggests financial instability and potential solvency issues. Return on equity is negative, aligning with the company's net losses. Equity ratio is also negative, further highlighting the company's high leverage and financial risk.

Cash Flow

Cash flow analysis shows Beyond Meat is facing cash management challenges. Operating cash flow and free cash flow are negative, although there is a slight improvement from 2023 to 2024. The company has struggled to generate cash from operations, impacting its ability to sustain operations without external financing. The free cash flow to net income ratio is negative, indicating operational cash flow issues relative to net losses.

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
326.45M	343.38M	418.93M	464.70M	406.79M
	Gross Profit
41.70M	-82.66M	-23.74M	117.28M	122.28M
	EBIT
-156.12M	-341.90M	-342.77M	-159.14M	-42.91M
	EBITDA
-156.12M	-282.19M	-305.44M	-150.34M	-34.46M
	Net Income Common Stockholders
-160.28M	-338.14M	-347.19M	-179.13M	-52.75M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
131.91M	190.50M	309.92M	733.29M	159.13M
	Total Assets
678.15M	774.45M	1.06B	1.38B	468.01M
	Total Debt
1.22B	1.22B	1.19B	1.16B	40.11M
	Net Debt
1.09B	1.03B	883.82M	424.06M	-119.02M
	Total Liabilities
1.28B	1.29B	1.27B	1.25B	100.91M
	Stockholders Equity
-539.75M	-513.37M	-203.55M	132.50M	367.10M
Cash Flow		Free Cash Flow
-109.83M	-118.39M	-393.54M	-437.33M	-99.98M
	Operating Cash Flow
-98.81M	-107.83M	-320.24M	-301.37M	-39.99M
	Investing Cash Flow
-6.23M	-9.49M	-87.53M	-147.48M	-74.90M
	Financing Cash Flow
45.78M	-550.00K	276.00K	1.02B	-1.76M

Beyond Meat Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 2.28
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Positive
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BYND, the sentiment is Negative. The current price of 2.28 is below the 20-day moving average (MA) of 2.55, below the 50-day MA of 2.93, and below the 200-day MA of 4.66, indicating a bearish trend. The MACD of -0.16 indicates Negative momentum. The RSI at 29.70 is Positive, neither overbought nor oversold. The STOCH value of 37.92 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for BYND.

Beyond Meat Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
VITL	78 Outperform	$1.60B	30.26	20.42%	―	29.14%	140.02%
WMK	77 Outperform	$2.39B	21.65	7.54%	1.69%	1.76%	6.01%
Sector *	64 Neutral	$8.79B	14.77	5.05%	174.29%	3.63%	3.48%
OTLY	56 Neutral	$323.52M	―	-85.68%	―	4.56%	57.03%
HNST	54 Neutral	$546.74M	―	-0.96%	―	12.19%	92.40%
WVVI	49 Neutral	$28.40M	―	-0.17%	―	1.65%	26.95%
BYND	20 Underperform	$192.48M	―	44.21%	―	-2.19%	55.86%

Beyond Meat Corporate Events

Beyond Meat Secures $100 Million Financing Agreement

On May 7, 2025, Beyond Meat announced a $100 million senior secured financing agreement with Unprocessed Foods, LLC, an affiliate of the Ahimsa Foundation. This agreement introduces a Delayed Draw Term Loan Facility, allowing Beyond Meat to draw funds until February 2026, with an initial maturity date set for February 2030. The financing aims to bolster Beyond Meat’s financial position amid declining revenues and operational losses reported for the first quarter of 2025. The company experienced a 9.1% decrease in net revenues compared to the previous year, attributed to reduced product demand in the U.S. retail and foodservice channels. Despite these challenges, Beyond Meat is committed to cost-saving measures and aims to achieve EBITDA-positive operations by the end of 2026.

Spark’s Take on BYND Stock

According to Spark, TipRanks’ AI Analyst, BYND is a Underperform.

Beyond Meat faces significant financial challenges with ongoing net losses, negative cash flows, and a heavily leveraged balance sheet. Technical indicators suggest weak momentum and a valuation that reflects market skepticism. While strategic efforts to reduce costs and achieve profitability are underway, the company’s financial instability remains a major concern.

To see Spark’s full report on BYND stock, click here.

Beyond Meat Announces CMO Departure Amid Restructuring

Beyond Meat, Inc. announced the departure of its former Chief Marketing Officer, Akerho ‘AK’ Oghoghomeh, as part of a reduction in force, with his last working day being February 25, 2025. A separation agreement was reached on March 12, 2025, which included a severance package and other benefits, indicating a strategic restructuring effort within the company.

Beyond Meat Announces Workforce Reduction and China Exit

On February 24, 2025, Beyond Meat’s Board of Directors approved a plan to reduce its workforce in North America and the EU by approximately 44 employees, representing 17% of its global non-production workforce, as part of cost-reduction initiatives. Additionally, the company announced the suspension of its operational activities in China, reducing its workforce there by 95%, to support its long-term goal of achieving EBITDA-positive operations by the end of 2026. These measures are expected to result in significant cost savings and are part of a broader restructuring effort to improve the company’s financial standing.