S Plant-Based Food Stocks Index Continued To Gain Ground Last Week

The 5 stocks in the munKNEE Pure-Play Plant-Based Food Stocks Index are focused almost exclusively on the research, development, sales, distribution, and marketing of fake meat, dairy, egg, and seafood products and, as such, we think the Index reflects the true health of the plant-based food sector in the U.S. and Canada. This article updates the performances of the constituents last week with their YTD performances in brackets.

Note that each constituent has hyperlinks to 5 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 YTD is hyperlinked to a chart of the company's stock performance.
  4. The "financial distress" percentage is sourced from macroaxis.com (visit the site and type in the stock symbol to obtain the most recent analysis).
  5. The buy/hold/sell analyst consensus is sourced from stockanalysis.com (visit the site and type in the stock symbol to obtain a detailed consensus of their recommendations and projections). 
  1. Tattooed Chef (TTCF): UP +8.1%;  (DOWN -21.0% YTD)
    • Chance of Financial Distress in next 2 years: 26%
    • Analyst Consensus: 9 stock analysts currently rate TTCF as a BUY and forecast an increase of 70.7% in the next 12 months.
  2. Guru Organic Energy Corp. (CSE: GURU; GUROF): UP +5.9%;  (DOWN -32.6% YTD)
    • Chance of Financial Distress in next 2 years: 24%
    • Analyst Consensus: No analysts following GUROF
  3. Else Nutrition (BABYF): UP +1.1%; (UP +2.2% YTD)
    • Chance of Financial Distress in next 2 years: 25%
    • Analyst Consensus: No analysts following BABYF
  4. Laird Superfood (LSF): UP +0.6%; (DOWN -74.3% YTD)
    • Chance of Financial Distress in next 2 years: 58%
    • Analyst Consensus: 7 stock analysts currently rate LSF as a BUY and forecast an increase of 402% in the next 12 months.
  5. The Very Good Food Company (VGFC): DOWN -37.5%; (DOWN -45.9% YTD)
    • Chance of Financial Distress in next 2 years: 70%
    • Analyst Consensus: No analysts following VGFC

The average market capitalization of the above 5 stocks is $200M with an average stock price of $5.04/share. (The aforementioned currency amounts are in U.S. dollars. Go here to convert to another currency.)

The munKNEE Pure-Play Plant-Based Food Stocks Index went UP +4.9% last week but is still DOWN -7.5% to date in March and remains DOWN -40.7% YTD and DOWN -76.0% from its peak in 2021.  

Not included in the Index are two huge companies with market capitalizations in excess of $4B which performed, as follow, last week with the percentage change YTD in brackets:

  1. Beyond Meat (BYND): UP +29.7%; (DOWN -22.8% YTD)
    • Chance of Financial Distress in next 2 years: 10%
    • Analyst Consensus: 26 stock analysts currently rate BYND as a HOLD and forecast an increase of 24.4% in the next 12 months.
  2. Oatly Group (OTLY): UP +14.6%; (DOWN -28.1% YTD)
    • Chance of Financial Distress in next 2 years: 24%
    • Analyst Consensus: 25 stock analysts currently rate OTLY as a BUY and forecast an increase of 162.9% in the next 12 months.

Visit munKNEE.com and register to receive our free Market Intelligence Report newsletter (sample  more

How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.