Stryve Foods (SNAX) AI Stock Analysis

• Market Cap: $14.86K
• Dividend Yield: N/A
• Average Volume (3M): 4.08K
• Price to Earnings (P/E): ―
• Beta (1Y): -4.33
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: US
• Employees: 86
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Packaged Foods
• EPS (TTM): N/A
• Shares Outstanding: 5,334,375
• 10 Day Avg. Volume: 4,632
• 30 Day Avg. Volume: 4,079
• PEG Ratio: <0.01
• Price to Book (P/B): 3.62
• Price to Sales (P/S): 0.33
• P/FCF Ratio: -0.77
• Enterprise Value/Market Cap: 1.59K
• Enterprise Value/Revenue: 1.22
• Enterprise Value/Gross Profit: 11.66
• Enterprise Value/Ebitda: -2.44
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 30 Underperform
• Price Target: ―

Stryve Foods' overall stock score reflects significant financial challenges, including negative cash flows and high leverage, which weigh heavily on the company's stability and growth prospects. Despite improvements in operational efficiency and strategic partnerships, ongoing financial constraints and bearish technical indicators contribute to a low overall score. The company needs to address its financial health to improve investor confidence and capitalize on growth opportunities.

Positive Factors

Revenue Growth

The significant year-over-year revenue growth indicates strong market demand and successful strategic pricing, enhancing long-term sales potential.

Improved Gross Margin

The improvement in gross margin reflects enhanced operational efficiencies and strategic pricing, which can lead to better profitability over time.

Strategic Partnership

The partnership with Dot Foods enhances distribution capabilities, potentially expanding market reach and improving service levels, supporting growth.

Negative Factors

High Leverage

High leverage and negative equity indicate financial instability, posing risks to sustainability and limiting strategic flexibility.

Negative Cash Flows

Ongoing negative cash flows reflect inefficiency in cash management, potentially hindering the company's ability to fund operations and growth.

Need for Additional Capital

The need for additional capital indicates potential liquidity issues, which could limit the company's ability to seize growth opportunities and manage operations.

Stryve Foods Business Overview & Revenue Model

Company Description

Stryve Foods, Inc. manufactures, markets, and sells snacking products in North America. The company's product portfolio consists primarily of air-dried meat snack products marketed under the Stryve, Kalahari, Braaitime, and Vacadillos brands. It also produces meat sticks, chili bites, meat crisps, and nutrition products, as well as carne seca products. The company distributes its products through retail channels, including grocery, club stores, and other retail outlets; and directly to consumers through its e-commerce websites, as well as directly to consumer through the Amazon platform. Stryve Foods, Inc. was founded in 2017 and is headquartered in Plano, Texas.

How the Company Makes Money

Stryve Foods generates revenue through the sale of its packaged meat snacks across various distribution channels, including retail stores, e-commerce platforms, and direct-to-consumer sales via their own website. Key revenue streams include partnerships with major retailers and grocery chains where their products are stocked, as well as online sales through platforms like Amazon. The company's earnings are influenced by factors such as consumer demand for healthy snacks, brand recognition, and their ability to expand product offerings and distribution networks. Additionally, Stryve Foods may engage in strategic partnerships and marketing initiatives to boost sales and increase market reach.

Stryve Foods Financial Statement Overview

Summary

Stryve Foods faces significant financial challenges, with unprofitable operations, high leverage, and negative cash flows. The company's financial health is strained, reflecting potential risks in sustainability and growth. Urgent corrective actions are needed to stabilize the financial position and improve profitability.

Income Statement

The company shows a concerning trend in its income statement with consistently negative net income and declining gross profit margins. Revenue growth is inconsistent, with a recent decline in revenue compared to two years ago. The negative EBIT and EBITDA margins indicate ongoing operational challenges and unprofitability.

Balance Sheet

The balance sheet reveals a negative stockholders' equity, suggesting financial instability. The debt-to-equity ratio is not calculable due to negative equity, indicating high leverage and risk. The equity ratio is also negative, pointing to potential solvency issues.

Cash Flow

Cash flow analysis shows negative operating and free cash flows, reflecting ongoing cash burn. The free cash flow to net income ratio is negative, indicating inefficiency in cash management. There is no significant improvement in free cash flow growth.

Breakdown	TTM	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Income Statement
Total Revenue	19.36M	17.71M	29.95M	30.08M	17.00M	10.77M
Gross Profit	2.03M	2.43M	-711.00K	10.27M	5.90M	-2.54M
EBITDA	-9.69M	-12.79M	-30.14M	-27.31M	-12.96M	2.85M
Net Income	-15.31M	-19.04M	-33.14M	-31.99M	-17.55M	-296.00K
Balance Sheet
Total Assets	31.46M	32.71M	39.56M	36.78M	26.24M	110.51M
Cash, Cash Equivalents and Short-Term Investments	183.36K	369.11K	623.00K	2.22M	591.63K	352.52K
Total Debt	28.11M	23.97M	18.27M	15.33M	30.02M	20.72M
Total Liabilities	37.83M	31.12M	23.12M	20.33M	35.57M	5.72K
Stockholders Equity	-6.38B	1.59M	16.44M	16.44M	-9.34M	110.50M
Cash Flow
Free Cash Flow	-6.23M	-7.53M	-32.41M	-39.68M	-16.83M	-1.72M
Operating Cash Flow	-6.26M	-7.43M	-28.65M	-38.24M	-15.79M	-399.10K
Investing Cash Flow	31.61K	-88.71K	-3.63M	-1.37M	-2.50M	-108.00M
Financing Cash Flow	6.10M	7.26M	30.69M	41.23M	18.82M	108.75M

Stryve Foods Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.01
• 50DMA: Negative
• 100DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SNAX, the sentiment is Negative. The current price of 0.01 is below the 20-day moving average (MA) of 0.06, below the 50-day MA of 0.11, and equal to the 200-day MA of ―, indicating a neutral trend. The MACD of -0.03 indicates Positive momentum. The RSI at 35.69 is Neutral, neither overbought nor oversold. The STOCH value of 26.55 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SNAX.

Stryve Foods Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
LSF	50 Neutral	$34.84M	-18.36	-14.63%	―	17.73%	-34.71%
SOWG	48 Neutral	$8.52M	-0.35	-84.22%	―	-81.88%	-672.01%
BYND	46 Neutral	$385.58M	-0.26	―	―	-10.17%	24.25%
HAIN	42 Neutral	$115.93M	-0.22	-75.51%	―	-10.13%	-532.32%
HCWC	40 Underperform	$6.17M	―	―	―	―	―
SNAX	30 Underperform	$14.86K	>-0.01	―	―	―	―