Tuesday , 5 July 2022

No Sign Of Rebound In Plant-based Food Stocks In January

The Pure-Play Plant-Based Food Stocks Index of 5 fledgling fake meat, dairy, egg, and seafood companies was DOWN -4.3% last week, is DOWN -21.0% YTD with the average stock price DOWN -10.3% from its lowest price in 2021.

By Lorimer Wilson, Managing Editor of munKNEE.com – Your KEY To Making Money! @HELP

Note that each constituent has hyperlinks to 4 areas of additional information which are imperative for any individual considering investing in this sector:

  1. The company name is hyperlinked to its web site to provide you with a description of the company and an analysis of its stock.
  2. The trading symbol is hyperlinked to additional financial data and commentary on the company (where available).
  3. The percentage change from the market high in 2021 is hyperlinked to a chart of the company’s stock performance.
  4. The “financial distress” percentage is sourced from macroaxis.com.

Below is how the munKNEE Pure-Play Plant-Based Food Stocks Index constituents performed in January, 2022, in descending order, and the percent to which they have changed in price in relation to their previous or current 52-week lows in brackets:

  1. Else Nutrition (BABYF): UP +30.0% YTD. (Remains UP +53.2% from its 52-week low.)
    • an Israel-based food and nutrition company focused on developing innovative, clean and plant-based food and nutrition products for infants, toddlers, children, and adults.
    • has over a 24% probability of financial distress in the next few years of operation.
  2. Guru Organic Energy Corp. (CSE: GURU; GUROF): No Change in price YTD. (Remains UP just +1.9% from its 52-week low.)
    • a Montreal, Canada beverage company launched in 1999, when it pioneered the world’s first natural, plant-based energy drink.
    • has over a 75% chance of experiencing financial distress in the next few years of operation.
  3. Tattooed Chef (TTCF): DOWN -23.7% YTD; (now DOWN -12.0% from its previous 52-week low.)
    • offers a broad portfolio of plant-based food products that are available in the frozen food sections of national retail food stores across the United States.
    • has less than a 25% chance of experiencing some form of financial distress in the next two years of operation.
  4. The Very Good Food Company (VGFC): DOWN -21.6% YTD; ( Now DOWN -15.9% from its previous 52-week low.)
    • designs, develops, produces, distributes, and sells a variety of plant-based meat and other food alternatives to customers in Canada and the United States.
    • has about a 66% probability of financial distress in the next few years of operation.
  5. Laird Superfood (LSF): DOWN -41.4% YTD; (now DOWN -30.5% from its previous 52-week low)
    • has more than a 62% chance of experiencing financial distress in the next 2 years of operation.

The average market capitalization of the above 5 stocks is $190M with an average stock price of $6.70/share. (The aforementioned currency amounts are in U.S. dollars. Go here to convert to another currency.)

Not included in the Index are two huge companies with market capitalizations in excess of $4B which performed, as follow, since the end of 2021 with the percentage change from their previous 52-week lows in brackets:

  1. Beyond Meat (BYND): DOWN -13.2% YTD; (DOWN -2.5% from its previous 52-week low.)
  2. Oatly Group (OTLY): DOWN -16.5% YTD; (DOWN -10.9% from its previous 52-week low.)

The 5 pure-play stocks in the munKNEE Pure-Play Plant-Based Food Stocks Index are just that, focused almost exclusively on the research, development, sales, distribution, and marketing of vegan food products; as such, we think the Index reflects the true health of the plant-based food sector in the U.S. and Canada.

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