Image by Sean Hayes from Pixabay

With all the hype regarding plant-based foods you would think that there would be many pure-play companies in the sector but there are only 3 that have market caps in excess of $100M and their stock performances are tracked in the munKNEE Plant-based Food Stocks Index as presented below.

1. Beyond Meat (BYND): UP 52.4% YTD
   • Seeks to replicate the look, cook, and taste of meat. Its products are sold in the meat case of retail food stores across the U.S. and Canada and 83 other countries.
   • Likelihood of Financial Distress within the next 2 years: 46%
   • Read: Beyond Meat is viewed cautiously by BTIG with cash flow still a concern
     • Beyond Meat: Latest Results Provide Little Clarity
     • Beyond Meat Keeps Shrinking And Burning Cash
     • Beyond Meat's Survival Is Unlikely, But May Be Too Dangerous To Short
2. Oatly Group (OTLY): UP 37.4% YTD
   • The world’s largest oat drink company catering primarily to customers in Sweden, Germany, the United Kingdom, Netherlands, Finland, and North America.
   • Likelihood of Financial Distress within the next 2 years: 30%
     • Read: Oatly stock is defended at BofA with liquidity on the mend
3. Tattooed Chef (TTCF): UP 2.4% YTD
   • 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.
   • Likelihood of Financial Distress within the next 2 years according to data from macroaxis.com: 26%
     • Read: Tattooed Chef: Insolvency Risk And Speculative Growth
       • Tattooed Chef: One More Hurdle To Entry Point, Wait For The Greenlight

In total, the munKNEE Plant-Based Food Stocks Index is UP 46.6% YTD.

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