Beyond Meat’s current valuation of $9 billion is equivalent to $143 per Beyond Burger patty sold last year.

by markyu007

The company sold 15.2 million pounds of food last year, equivalent to 61.0 million 4-ounce patties, the weight of the Beyond Burger sold in supermarkets. That puts the company’s current market capitalization at the equivalent of $143 per Beyond Burger patty sold last year.

Analysts on average expect Beyond Meat’s revenue to surge 152% this year to $221 million, according to Refinitiv. Conservatively assuming no price increases, it would be on track to sell 153 million patties in 2019, making its current stock market value equivalent to $57 per 4-ounce patty sold in 2019.

More www.reuters.com/article/us-usa-stocks-beyond-meat-idUSKCN1TQ2JD