BYND Sales declined -44%

Current 13 Target 8 -39%

12/21/2022
1 minute read

  • Last 12 months sales growth -22%
  • Last 12 months cash flow -59% of market cap
  • Last 12 months Capital (debt & equity) paid (raised) -30% of market cap
  • Latest cash minus liabilities -106% of market cap
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Sales declined -44%
Last 5 quarters quarterly sales growth, quarterlysales
-29% -5% 9% 34% -44%
106 ; 101 ; 110 ; 147 ; 83 million dollars
  • Sales declined -44% in the third quarter to 83 million dollars ; our total forecasts v actual sales are -7% now.
  • This brings the average to -1% growth.
  • We predict average growth of 1% in this next 12 months to bring sales to 86 million dollars in the third quarter 2023.
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Margin down profit down
Last 5 quarters cash margin, profit
-38% -65% -74% -47% -81%
-55 ; -80 ; -101 ; -97 ; -101 million dollars
  • The cash margin went from -47% to -81% profit from -97 to -101 million dollars in the third quarter.
  • The average cash margin is at -67% now.
  • We use a -29% cash margin to predict a -53 million dollars profit in the third quarter 2023.
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Cashflow less negative
Last 5 quarters operating, investment cashflow
-71 ; -110 ; -165 ; -71 ; -34 million dollars
-52 ; -43 ; -22 ; -21 ; -29 million dollars
  • Free cashflow went from -91 to -63 million dollars in the third quarter with -29 million dollars investment cashflow.
  • Average quarterly Cashflow is at -124 million dollars now.
  • We assume -24 million dollars investment spending which with higher sales gives -49 million dollars average Cashflow in the next 12 months.
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Net cash down
Last 5 quarters cash, liabilities
886 ; 733 ; 548 ; 455 ; 390 million dollars
1,225 ; 1,248 ; 1,254 ; 1,267 ; 1,284 million dollars
  • Cash declined 455 to 390 million dollars in the third quarter.
  • Liabilities increased 1,267 to 1,284 million dollars so net cash was down -812 to -894 million dollars .
  • With our forecast cashflow & a 0 million dollars equity payout + 195 million dollars liabilities net cash will be -1,089 million dollars in 12 months time.
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Capital flat
Last 5 quarters capital (raised) paid from liabilities, equity
-254 ; -254 ; 0 ; 0 ; 0 million dollars
-2 ; -2 ; -0 ; -0 ; 0 million dollars
  • BYND paid 0 million dollars in the third quarter 0 million dollars liabilities 0 million dollars equity, will raise -195 million dollars this next 12 months.
  • At the current market cap of 840 million dollars based on our forecasts it’s at 0.75 X assets with a -4 years payback & a 0% yield.
  • Our cashflow forecast is -195 million dollars which means a -4 X valuation. A 1.5 X valuation gives a -39% lower target price 8 dollars.
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