BYND equity now negative
BYND Current 37 Target 20 -46%
Aug 12, 2022
1 minute read
Sales grew 34%
Last 5 quarters growth & sales million dollars
38% -29% -5% 9% 34%
149 106 101 110 147
Costs down profit up slightly
Last 5 quarters cost ratio & profit million dollars
-103% -138% -165% -174% -147%
-20 -55 -80 -101 -97
Cashflow less negative
Last 5 quarters operating & investment million dollars
-89 -71 -110 -165 -71
-29 -52 -43 -22 -21
Net cash down
Last 5 quarters cash & liabilities million dollars
1,009 886 733 548 455
1,212 1,225 1,248 1,254 1,267
Capital worsened
Last 5 quarters cumulative capital , liabilities & equity
-1,322 -1,322 -1,323 -1,323 -1,323
0 0 0 0 0
0 0 0 -0.4 -0.1
Aug 12, 2022
1 minute read
- Last 12 months cash flow -24% of market cap
- Last 12 months Capital -0% of market cap
- Latest net cash -35% of market cap
Sales grew 34%
Last 5 quarters growth & sales million dollars
38% -29% -5% 9% 34%
149 106 101 110 147
- Sales grew 34% in the second quarter to 147 million dollars ; our forecasts v sales is -3% now.
- This brings the average to 2% growth.
- We predict average growth of 2% in this next 12 months to bring sales to 158 million dollars in the second quarter 2023.
Costs down profit up slightly
Last 5 quarters cost ratio & profit million dollars
-103% -138% -165% -174% -147%
-20 -55 -80 -101 -97
- The cash cost ratio went from -174% to -147% profit from -101 to -97 million dollars in the second quarter.
- The average cost ratio is at -156% now.
- We use a -137% cost ratio to predict a -86 million dollars profit in the second quarter 2023.
Cashflow less negative
Last 5 quarters operating & investment million dollars
-89 -71 -110 -165 -71
-29 -52 -43 -22 -21
- Free cashflow went less negative from -187 to -91 million dollars in the second quarter with -21 investment cashflow.
- Average quarterly Cashflow is at -139 million dollars now.
- We assume the same -21 million dollars investment cashflow which with higher sales gives -79 million dollars average Cashflow in the second quarter 2023.
Net cash down
Last 5 quarters cash & liabilities million dollars
1,009 886 733 548 455
1,212 1,225 1,248 1,254 1,267
- Cash declined 548 to 455 million dollars in the second quarter.
- Liabilities increased 1,254 to 1,267 million dollars so net cash was down -706 to -812 million dollars .
- With our forecast cashflow & a 0 million dollars equity payout 325 million dollars liabilities payment net cash will be -1,137 million dollars in 12 months time.
Capital worsened
Last 5 quarters cumulative capital , liabilities & equity
-1,322 -1,322 -1,323 -1,323 -1,323
0 0 0 0 0
0 0 0 -0.4 -0.1
- BYND cumulative capital worsened -1,323 to -1,323 million dollars with 0 & -0.1 million dollars from liabilities, equity in the second quarter & will be -1,648 million dollars in12 months time.
- At the current market value of 2,351 million dollars based on our forecasts it’s at 2.0 X assets with a years payback & a 0% yield.
- Our sales forecast is 630 million dollars which means a 4 X valuation. A 2 X valuation gives a -46% lower target price 20 dollars.
