潜水简介:
超越肉became the first plant-based food manufacturer to go public on a major exchange on Thursday. The company's stock, which was priced at $25 a share, closed the day up 163%, to $65.75. Beyond Meat ended the day with a market capitalization of $3.9 billion. It rose another $3.50 in morning trading on Friday.
去年，超越肉的收入近8800万美元。考虑销售及其市值，CNBC说the plant-based food maker is being valued at 44 times sales, a figure more likely to be associated with fast-growing technology companies. The business network noted that food companies have much smaller multiples.Hormel销售额的2.3倍Tyson Foods具有0.7的倍数。
这家总部位于加利福尼亚的公司使Beyond Burger和基于植物的香肠正在迅速发展。塞思·戈德曼（Seth Goldman），联合创始人Honest Teawho isthe executive chairman of the Beyond Meat board of directors,告诉《华盛顿邮报》that guidance for sales for the first quarter of 2019 at the plant-based food maker were around $40 million, triple the same quarter a year ago.
潜水见解：
除了肉类令人印象深刻的表现之外，很明显投资者并不关心公司has never turned a profit和posted a $29.9 million net loss last year. What interests them is its growth potential, reflected in its roughly $4 billion valuation.
基于植物的肉类市场正在以令人印象深刻的速度扩展。2016年3月至2019年3月之间的销售额攀升了42％，达到8.88亿美元，Nielsen figures cited by the AP show。At the same time, sales of conventional meat were up 1% to $85 billion.
Despite the plant-based segment's relatively small size,Ethan Brown, Beyond Meat's CEO and founder, said the companyis ready to take on the conventional sector and is going global. The company recently announced it's expanding into the nationwide retail market in加拿大by the end of May, and its products are already in chains in比利时和荷兰人。如果这种增长水平持续下去，那么跟上需求可能是一个挑战。
根据食品导航员引用的Euromonitor数字, Beyond Meat has a less than 2% market share in the retail meat alternatives segment. However, if it can push that to 5%, and the total market grows to $40.5 billion in 15 years, the company could see annual sales jump from $88 million last year to $2 billion by 2033, Food Navigator added, citing a pre-IPO report from Bernstein analysts.
With a big influx of cash from this successful IPO, a higher profile and a strong consumer base, Beyond Meat could introduce reformulated chicken strips and potentially plant-based chicken breasts or even steak, which arethe most in-demand itemsfor carnivores. Beyond Meat has more than 60 people on its innovation team to help work on new products and improve existing ones already on the market. The pressure will remain on the company to keep innovating.
The rapid growth in the space has attracted a number of deep-pocketed competitors, many of them in the big food space.泰森食品，这剥离了6.52％的股份in Beyond Meat before the IPO, plans to introduce its own plant-based meat alternative this year. Other competitors include不可能的食物不可能的汉堡， 哪个正在添加汉堡王的菜单,雀巢的花园美食令人难以置信的汉堡和the灯泡汉堡。孟菲斯肉也正在研究实验室种植的肉。虽然超越肉的库存令人震惊，但现在是一家上市公司，这意味着其财务状况，增长率和其他所有行动将被放大和审查。
