Is Beyond Meat Really Worth $4.2B?

Published: May 9, 2019, 9:40 p.m.

The plant-based burger startup rose more than 150% on its first day of trading, and hasn't looked back since. Today, Beyond Meat is worth $4.2B, and on track for ~$175M in revenue in 2019 (my estimates). Would you pay 24X sales for Beyond Meat? 

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LINK - Beyond Meat HyperCharts: https://www.hypercharts.co/bynd 

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LINK - Beyond Meat investor relations: https://investors.beyondmeat.com/ 

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LINK - Beyond Meat S-1 filing: https://www.sec.gov/Archives/edgar/da... 

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LINK - HSI report on climate impact of animal agriculture: https://www.humanesociety.org/sites/d...