Download PDF

1. Company Snapshot

1.a. 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.

Show Full description

1.b. Last Insights on BYND

Beyond Meat's recent performance was negatively impacted by a 20% year-over-year decline in Q2 revenue, missing estimates, and ongoing losses. The company's cash crunch and weak Q3 revenue guidance raised bankruptcy concerns. Management announced layoffs and hired a Chief Transformation Officer. A $1.17 billion debt due in 2027 adds to the financial pressure. Despite progress in improving gross margins, sales challenges persist, with a 10-16% year-over-year decline expected in Q3. The company denied bankruptcy rumors, but financial struggles continue to mount.

1.c. Company Highlights

2. Beyond Meat's Q3 2025: A Challenging Quarter Amidst Balance Sheet Reset

Beyond Meat reported a disappointing third quarter with net revenues declining 13.3% year-over-year to $70.2 million, driven by ongoing category challenges, unfavorable product mix, and higher trade promotion spending. Gross margin also contracted to 10.3% from 17.7% in the year-ago period. The company's EPS loss widened to -$0.47, missing estimates of -$0.41. The financial performance was marred by a 10.3% decrease in volume of products sold and a 3.3% decrease in net revenue per pound.

Publication Date: Nov -21

📋 Highlights
  • Debt Reduction:: Reduced leverage by $900M (75%), with potential for an additional $209M reduction (total over 90%) via bondholder transaction.
  • Revenue Decline:: Q3 net revenue fell 13.3% YoY to $70.2M, driven by 10.3% lower volume and 3.3% lower net revenue per pound.
  • Gross Margin Drop:: Gross margin declined to 10.3% (from 17.7% in Q3 2024) due to higher materials costs and lower production volumes.
  • Operating Loss:: Net loss widened to $110.7M vs. $26.6M in Q3 2024, partly due to a $77.4M non-cash impairment charge.
  • Cash Position:: Cash balance at $131.1M as of Q3 2025, with $1.2B in outstanding debt and $98.1M net cash used in operating activities YTD.

Operational Challenges and Initiatives

The company is tackling the current challenges through five key initiatives: addressing misinformation around plant-based meat, rebuilding distribution in U.S. retail and foodservice, reducing operating expenses, expanding margin, and exploring strategic initiatives for growth. To address misinformation, Beyond Meat is focusing on the health profile of its products, such as the Beyond Pork and Beyond Steak platforms, which offer improved taste, ingredient, and nutritional profiles. As Ethan Brown stated, "We're thinking about the situation creatively and aggressively, and I've appreciated the support of the retail investors."

Financial Health and Outlook

Despite the operational challenges, Beyond Meat achieved a significant reset of its balance sheet, reducing debt levels by approximately $900 million, or nearly 75% of its total leverage. The company's cash and cash equivalents balance stood at $131.1 million as of September 27, 2025. For the fourth quarter, Beyond Meat expects net revenues in the range of $60 million to $65 million. Analysts estimate a revenue growth rate of -1.8% for the next year, indicating a continued challenging environment.

Valuation and Metrics

To understand what's priced into Beyond Meat's stock, we can look at its valuation metrics. The company trades at a P/S Ratio of 1.37, indicating a relatively low revenue multiple. The EV/EBITDA ratio stands at -7.57, reflecting the company's negative EBITDA. Additionally, the Net Debt / EBITDA ratio is -5.58, showing a significant debt burden relative to EBITDA. These metrics suggest that the market is pricing in a challenging near-term outlook for the company.

3. NewsRoom

Card image cap

Why Beyond Meat Stock Is Seeing Incredible Volatility Today

Dec -02

Source: fool.com

Card image cap

Beyond Meat stock quickly turns negative today after meme rally pushed shares up by double digits

Dec -02

Source: fastcompany.com

Card image cap

Beyond Meat's 36% Single-Day Rally Isn't A Comeback — It's A Warning

Dec -02

Source: benzinga.com

Card image cap

What's Going On With Beyond Meat (BYND) Stock After Monday's Rally?

Dec -02

Source: feeds.benzinga.com

Card image cap

Beyond Meat stock is surging as meme mania returns: Here's the latest on the volatile start to December markets

Dec -02

Source: fastcompany.com

Card image cap

Investors Flock Back to Beyond Meat -- Is It Hype or Hope?

Dec -01

Source: fool.com

Card image cap

EXCLUSIVE: November's 12 Most-Searched Tickers On Benzinga Pro — Where Do Apple, Nvidia, Opendoor Rank?

Dec -01

Source: feeds.benzinga.com

Card image cap

Beyond Meat (BYND) Stock Skyrockets Monday: What's Going On?

Dec -01

Source: benzinga.com

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (3.13%)

6. Segments

Retail

Expected Growth: 3.5%

Beyond Meat's retail segment growth of 3.5% is driven by increasing consumer adoption of plant-based meat alternatives, expanding distribution channels, and rising demand for healthier and sustainable food options. Additionally, strategic partnerships with major retailers and restaurants, as well as innovative product launches, contribute to the segment's growth.

Foodservice

Expected Growth: 2.5%

Beyond Meat's 2.5% foodservice growth is driven by increasing demand for plant-based options, strategic partnerships with major foodservice providers, and expansion into new channels such as education and healthcare. Additionally, the company's product innovation, including new menu items and formats, is also contributing to growth.

7. Detailed Products

Beyond Burger

A plant-based burger patty designed to mimic the taste and texture of a traditional beef burger

Beyond Sausage

A plant-based sausage alternative designed to mimic the taste and texture of traditional pork sausage

Beyond Ground Beef

A plant-based ground beef alternative designed to mimic the taste and texture of traditional ground beef

Beyond Meatballs

Pre-formed plant-based meatballs designed to mimic the taste and texture of traditional meatballs

Beyond Breakfast Sausage

A plant-based breakfast sausage alternative designed to mimic the taste and texture of traditional breakfast sausage

Beyond Chicken Tenders

Breaded and tenderized plant-based chicken strips designed to mimic the taste and texture of traditional chicken tenders

Beyond Beef Crumbles

A plant-based beef crumbles alternative designed to mimic the taste and texture of traditional ground beef

8. Beyond Meat, Inc.'s Porter Forces

Forces Ranking

Threat Of Substitutes

Beyond Meat, Inc. faces moderate threat from substitutes, as consumers have alternative protein sources such as traditional meat, fish, and poultry. However, the company's unique plant-based products and strong brand recognition mitigate this threat.

Bargaining Power Of Customers

Beyond Meat, Inc. has a diverse customer base, which reduces the bargaining power of individual customers. The company's strong brand loyalty and premium pricing strategy also limit customers' negotiating power.

Bargaining Power Of Suppliers

Beyond Meat, Inc. relies on a concentrated supplier base for its plant-based ingredients, which increases the bargaining power of suppliers. However, the company's scale and vertical integration efforts help mitigate this risk.

Threat Of New Entrants

The plant-based meat alternative market is rapidly growing, and new entrants are attracted to this space. Beyond Meat, Inc. faces a high threat from new entrants, which could erode its market share and pricing power.

Intensity Of Rivalry

The plant-based meat alternative market is highly competitive, with established players like Impossible Foods and new entrants vying for market share. Beyond Meat, Inc. faces intense rivalry, which could lead to pricing pressure and increased marketing expenses.

9. SWOT Analysis

Strength

Weaknesses

Opportunities

Threats

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 172.95%
Debt Cost 3.95%
Equity Weight -72.95%
Equity Cost 16.09%
WACC -4.91%
Leverage -237.09%

11. Quality Control: Beyond Meat, Inc. passed 4 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Stock-Card
Herbalife Nutrition

A-Score: 4.9/10

Value: 9.5

Growth: 3.6

Quality: 5.8

Yield: 0.0

Momentum: 8.0

Volatility: 2.3

1-Year Total Return ->

View Full Report
Stock-Card
BRC

A-Score: 3.2/10

Value: 7.0

Growth: 6.4

Quality: 3.8

Yield: 0.0

Momentum: 0.0

Volatility: 2.0

1-Year Total Return ->

View Full Report
Stock-Card
TreeHouse Foods

A-Score: 3.0/10

Value: 6.6

Growth: 4.2

Quality: 2.6

Yield: 0.0

Momentum: 0.0

Volatility: 4.3

1-Year Total Return ->

View Full Report
Stock-Card
Beyond Meat

A-Score: 3.0/10

Value: 9.0

Growth: 3.0

Quality: 5.2

Yield: 0.0

Momentum: 0.5

Volatility: 0.0

1-Year Total Return ->

View Full Report
Stock-Card
Real Good Food

A-Score: 2.8/10

Value: 9.8

Growth: 3.7

Quality: 3.1

Yield: 0.0

Momentum: 0.0

Volatility: 0.0

1-Year Total Return ->

View Full Report
Stock-Card
Hain Celestial

A-Score: 2.5/10

Value: 9.8

Growth: 0.8

Quality: 2.8

Yield: 0.0

Momentum: 0.0

Volatility: 1.7

1-Year Total Return ->

View Full Report

Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

1.22$

Current Price

1.22$

Potential

0.00%

Expected Cash-Flows