| Snowflake Score | |
|---|---|
| Valuation | 0/6 |
| Future Growth | 0/6 |
| Past Performance | 0/6 |
| Financial Health | 2/6 |
| Dividends | 0/6 |
MEAT Stock Overview
Modern Plant Based Foods Inc., a food company, develops and distributes plant-based meat alternative products in Canada and the United States.
Modern Plant Based Foods Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | CA$0.58 |
| 52 Week High | CA$3.09 |
| 52 Week Low | CA$0.34 |
| Beta | 1.31 |
| 1 Month Change | 41.46% |
| 3 Month Change | 1.75% |
| 1 Year Change | -66.86% |
| 3 Year Change | n/a |
| 5 Year Change | 5,700.00% |
| Change since IPO | 11,500.00% |
Recent News & Updates
Shareholder Returns
| MEAT | CA Food | CA Market | |
|---|---|---|---|
| 7D | 7.4% | -6.3% | -6.2% |
| 1Y | -66.9% | -27.8% | 4.4% |
Return vs Industry: MEAT underperformed the Canadian Food industry which returned -27.8% over the past year.
Return vs Market: MEAT underperformed the Canadian Market which returned 4.4% over the past year.
Price Volatility
| MEAT volatility | |
|---|---|
| MEAT Average Weekly Movement | 18.0% |
| Food Industry Average Movement | 7.4% |
| Market Average Movement | 9.4% |
| 10% most volatile stocks in CA Market | 16.0% |
| 10% least volatile stocks in CA Market | 4.1% |
Stable Share Price: MEAT is more volatile than 90% of Canadian stocks over the past 3 months, typically moving +/- 18% a week.
Volatility Over Time: MEAT's weekly volatility (18%) has been stable over the past year, but is still higher than 75% of Canadian stocks.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| n/a | n/a | Avtar Dhaliwal | https://modernfoods.ca |
Modern Plant Based Foods Inc., a food company, develops and distributes plant-based meat alternative products in Canada and the United States. The company offers plant-based products, including meat and dairy-free alternatives, soups, and vegan snacks under the Modern Meat, KitsKitchen, Snacks From The Sun, and Modern Wellness Bar brands. It offers its products through retail supermarkets, natural grocers, and independents, as well as e-commerce platforms.
Modern Plant Based Foods Fundamentals Summary
| MEAT fundamental statistics | |
|---|---|
| Market Cap | CA$27.63m |
| Earnings (TTM) | -CA$7.32m |
| Revenue (TTM) | CA$2.74m |
10.1x
P/S Ratio-3.8x
P/E RatioIs MEAT overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| MEAT income statement (TTM) | |
|---|---|
| Revenue | CA$2.74m |
| Cost of Revenue | CA$2.31m |
| Gross Profit | CA$433.52k |
| Other Expenses | CA$7.75m |
| Earnings | -CA$7.32m |
Last Reported Earnings
Feb 28, 2022
Next Earnings Date
n/a
| Earnings per share (EPS) | -0.15 |
| Gross Margin | 15.83% |
| Net Profit Margin | -267.18% |
| Debt/Equity Ratio | 59.4% |
How did MEAT perform over the long term?
See historical performance and comparisonValuation
Is Modern Plant Based Foods undervalued compared to its fair value and its price relative to the market?
Valuation Score
0/6Valuation Score 0/6
Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry
34.73x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate MEAT's fair value for valuation analysis.
Significantly Below Fair Value: Insufficient data to calculate MEAT's fair value for valuation analysis.
Price To Earnings Ratio
PE vs Industry: MEAT is unprofitable, so we can't compare its PE Ratio to the Canadian Food industry average.
PE vs Market: MEAT is unprofitable, so we can't compare its PE Ratio to the Canadian market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate MEAT's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: MEAT is overvalued based on its PB Ratio (34.7x) compared to the CA Food industry average (2.2x).
Future Growth
How is Modern Plant Based Foods forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Future Growth Score
0/6Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
50.0%
Forecasted Food, Beverage & Tobacco industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Modern Plant Based Foods has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
Past Performance
How has Modern Plant Based Foods performed over the past 5 years?
Past Performance Score
0/6Past Performance Score 0/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
-71.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MEAT is currently unprofitable.
Growing Profit Margin: MEAT is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: MEAT is unprofitable, and losses have increased over the past 5 years at a rate of 71.5% per year.
Accelerating Growth: Unable to compare MEAT's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: MEAT is unprofitable, making it difficult to compare its past year earnings growth to the Food industry (-20.8%).
Return on Equity
High ROE: MEAT has a negative Return on Equity (-936.9%), as it is currently unprofitable.
Financial Health
How is Modern Plant Based Foods's financial position?
Financial Health Score
2/6Financial Health Score 2/6
Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Stable Cash Runway
Forecast Cash Runway
Financial Position Analysis
Short Term Liabilities: MEAT's short term assets (CA$1.2M) do not cover its short term liabilities (CA$1.9M).
Long Term Liabilities: MEAT's short term assets (CA$1.2M) exceed its long term liabilities (CA$177.5K).
Debt to Equity History and Analysis
Debt Level: MEAT's net debt to equity ratio (45%) is considered high.
Reducing Debt: MEAT's debt to equity ratio has reduced from 93.7% to 59.4% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: MEAT has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: MEAT has less than a year of cash runway if free cash flow continues to reduce at historical rates of 58.4% each year
Dividend
What is Modern Plant Based Foods's current dividend yield, its reliability and sustainability?
Dividend Score
0/6Dividend Score 0/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage
Dividend Yield vs Market
Notable Dividend: Unable to evaluate MEAT's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate MEAT's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if MEAT's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if MEAT's dividend payments have been increasing.
Earnings Payout to Shareholders
Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: Unable to calculate sustainability of dividends as MEAT has not reported any payouts.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
1.5yrs
Average management tenure
CEO
Avtar Dhaliwal (26 yo)
0.33
Tenure
Mr. Avtar Dhaliwal serves as Chief Executive Officer at Modern Plant Based Foods Inc. since January 04, 2022 as well as Interim Chief Executive Officer of Pontus Protein Limited. Mr. Dhaliwal has worked in...
Leadership Team
Experienced Management: MEAT's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.
Board Members
Experienced Board: MEAT's board of directors are not considered experienced ( 1.7 years average tenure), which suggests a new board.
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 59%.
Top Shareholders
Company Information
Modern Plant Based Foods Inc.'s employee growth, exchange listings and data sources
Key Information
- Name: Modern Plant Based Foods Inc.
- Ticker: MEAT
- Exchange: CNSX
- Founded: NaN
- Industry: Packaged Foods and Meats
- Sector: Food, Beverage & Tobacco
- Implied Market Cap: CA$27.632m
- Shares outstanding: 47.64m
- Website: https://modernfoods.ca
Location
- Modern Plant Based Foods Inc.
- 700 West Georgia Street
- Suite 2500
- Vancouver
- British Columbia
- V7Y 1B3
- Canada
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/05/12 00:00 |
| End of Day Share Price | 2022/05/12 00:00 |
| Earnings | 2022/02/28 |
| Annual Earnings | 2021/08/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.