Modern Meat (MEAT) AI Stock Analysis

• Market Cap: C$740.86K
• Dividend Yield: N/A
• Average Volume (3M): 78.37K
• Price to Earnings (P/E): ―
• Beta (1Y): 2.10
• Revenue Growth: -6.24%
• EPS Growth: 81.75%
• Country: CA
• Employees: N/A
• Sector: Consumer Defensive
• Sector Strength: 55
• Industry: Packaged Foods
• EPS (TTM): >-0.01
• Shares Outstanding: 12,347,675
• 10 Day Avg. Volume: 6,800
• 30 Day Avg. Volume: 78,374
• PEG Ratio: 0.02
• Price to Book (P/B): -8.49
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -5.60
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 41 Neutral
• Price Target: ―

Modern Meat's overall stock score of 41 reflects significant financial challenges, including negative profitability and high leverage, as highlighted in the financial performance analysis. Technical indicators provide mixed signals, with some potential for upward movement but overall bearish trends. Valuation metrics are also unfavorable, with negative earnings and no dividend yield, contributing to the low score.

Modern Meat Business Overview & Revenue Model

Company Description

Modern Meat (MEAT) is a plant-based food company that operates in the alternative protein sector. The company focuses on developing, manufacturing, and distributing plant-based meat substitutes that cater to health-conscious consumers and those seeking sustainable dietary options. Its core products include burgers, meatballs, and sausages, which are crafted from natural, non-GMO ingredients. Modern Meat aims to offer delicious and nutritious alternatives to traditional meat products, contributing to a more sustainable food system.

How the Company Makes Money

Modern Meat makes money primarily through the sale of its plant-based food products to retailers, restaurants, and directly to consumers. The company's key revenue streams include wholesale distribution to grocery chains and foodservice providers, as well as direct-to-consumer sales through its online platform. Strategic partnerships with established food distributors and retail chains help expand its market reach and drive sales. Additionally, Modern Meat may engage in co-branding initiatives and collaborations with other companies in the food industry to further boost its earnings.

Modern Meat Financial Statement Overview

Summary

Modern Meat faces significant financial distress across all dimensions. The income statement shows deteriorating profitability and declining revenues. The balance sheet highlights a precarious financial position with negative equity and high liabilities, posing solvency risks. Cash flow challenges further exacerbate the company's financial health, underscoring the need for strategic restructuring and potential capital infusion to stabilize operations.

Income Statement

Modern Meat shows significant challenges in profitability and revenue growth. The TTM net profit margin is severely negative at -173.1%, highlighting substantial losses. Gross profit margin has decreased to 15.6% from 20.1% in the previous annual period. Revenue has declined by 15.3% year-over-year, indicating a shrinking sales base. Additionally, the EBIT and EBITDA margins are negative, reflecting operational inefficiencies.

Balance Sheet

The balance sheet indicates financial instability with a negative stockholders' equity of -144.2%. The debt-to-equity ratio cannot be calculated due to negative equity, suggesting high leverage. The equity ratio is also negative, reinforcing the company's over-leveraged position. Overall, the balance sheet presents a risky financial structure with potential solvency issues.

Cash Flow

Cash flow analysis reveals substantial cash burn, with negative operating and free cash flows in the TTM period. The operating cash flow to net income ratio is positive, suggesting some alignment between reported losses and cash outflows. However, the free cash flow to net income ratio is negative, indicating cash constraints. The lack of free cash flow growth signals ongoing cash management challenges.

Breakdown	TTM	Sep 2024	Sep 2023	Sep 2022	Sep 2021	Sep 2020
Income Statement
Total Revenue	593.90K	625.48K	751.35K	1.65M	2.27M	82.14K
Gross Profit	116.09K	125.03K	103.72K	23.15K	386.90K	1.04K
EBITDA	-894.27K	-643.00K	-8.18M	-11.31M	-5.84M	-5.15M
Net Income	-1.10M	-810.00K	-8.29M	-11.59M	-6.18M	-5.16M
Balance Sheet
Total Assets	1.11M	612.77K	702.53K	1.24M	3.48M	3.40M
Cash, Cash Equivalents and Short-Term Investments	80.76K	166.08K	57.71K	216.60K	647.49K	2.79M
Total Debt	1.61M	1.31M	657.92K	166.79K	527.87K	248.28K
Total Liabilities	2.65M	2.27M	1.66M	1.13M	1.67M	885.72K
Stockholders Equity	-1.53M	-1.65M	-952.32K	108.91K	1.83M	2.51M
Cash Flow
Free Cash Flow	-678.59K	-552.20K	-1.45M	-1.98M	-4.82M	-1.82M
Operating Cash Flow	-678.59K	-552.20K	-1.44M	-1.98M	-4.07M	-1.69M
Investing Cash Flow	8.00	0.00	317.93K	-5.21K	-733.46K	344.19K
Financing Cash Flow	590.00K	662.66K	971.23K	1.56M	2.66M	3.69M

Modern Meat Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.06
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:MEAT, the sentiment is Negative. The current price of 0.06 is below the 20-day moving average (MA) of 0.07, below the 50-day MA of 0.10, and below the 200-day MA of 0.17, indicating a bearish trend. The MACD of -0.01 indicates Negative momentum. The RSI at 22.25 is Positive, neither overbought nor oversold. The STOCH value of <0.01 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:MEAT.

Modern Meat Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	53 Neutral	C$4.46B	3.71	-22.83%	4.40%	8.13%	2.00%
MEAT	41 Neutral	C$740.86K	―	49.10%	―	-6.24%	81.75%
BITE		C$1.62M	―	-113.86%	―	―	―
BABYF		$4.99M	―	-351.09%	―	―	―
MOOO		C$1.40M	―		―	―	―
CULT	33 Underperform	C$1.87M	―	-185.93%	―	―	48.34%
PNGA	27 Underperform	C$4.04M	―		―	-97.30%	39.70%

Modern Meat Corporate Events

Modern Meat Expands into Plant-Based Pet Food Market

Modern Plant Based Foods has completed the acquisition of AnimalKind, a plant-based pet food company, marking its entry into the expanding plant-based pet food market. This strategic move aligns with the growing demand for sustainable and ethical products, enhancing Modern’s position as an emerging player in the industry. The acquisition signals Modern’s commitment to innovation and sustainability in plant-based products.