LOCL Stock Overview
Local Bounti Corporation grows fresh greens and herbs in the United States.
Local Bounti Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$2.84|
|52 Week High||US$12.87|
|52 Week Low||US$2.22|
|1 Month Change||-23.66%|
|3 Month Change||-12.07%|
|1 Year Change||-71.46%|
|3 Year Change||n/a|
|5 Year Change||n/a|
|Change since IPO||-70.87%|
Recent News & Updates
Local Bounti reports mixed Q2 earnings; reaffirms FY22 guidance
Local Bounti press release (NYSE:LOCL): Q2 GAAP EPS of -$0.36 misses by $0.15. Revenue of $6.3M (+5627.3% Y/Y) beats by $0.44M. Adjusted EBITDA loss was $7.9M. Management is reaffirming its full year 2022 sales guidance of at least $20 million vs. consensus of $21.58M, including partial year contribution from its acquisition of Pete's which closed on April 4, 2022.
|LOCL||US Food||US Market|
Return vs Industry: LOCL underperformed the US Food industry which returned 0.2% over the past year.
Return vs Market: LOCL underperformed the US Market which returned -21.5% over the past year.
|LOCL Average Weekly Movement||14.5%|
|Food Industry Average Movement||5.4%|
|Market Average Movement||6.9%|
|10% most volatile stocks in US Market||15.6%|
|10% least volatile stocks in US Market||2.8%|
Stable Share Price: LOCL is more volatile than 75% of US stocks over the past 3 months, typically moving +/- 14% a week.
Volatility Over Time: LOCL's weekly volatility (14%) has been stable over the past year, but is still higher than 75% of US stocks.
About the Company
Local Bounti Corporation grows fresh greens and herbs in the United States. It produces lettuce, herbs, and loose-leaf lettuce. The company sells its products to food retailers and food service distributors.
Local Bounti Fundamentals Summary
|LOCL fundamental statistics|
Is LOCL overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|LOCL income statement (TTM)|
|Cost of Revenue||US$5.78m|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
|Earnings per share (EPS)||-1.02|
|Net Profit Margin||-1,374.43%|
How did LOCL perform over the long term?See historical performance and comparison
Is LOCL undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 2/6
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for LOCL?
Other financial metrics that can be useful for relative valuation.
|What is LOCL's n/a Ratio?|
Price to Sales Ratio vs Peers
How does LOCL's PS Ratio compare to its peers?
|LOCL PS Ratio vs Peers|
|Company||PS||Estimated Growth||Market Cap|
VFF Village Farms International
LOCL Local Bounti
Price-To-Sales vs Peers: LOCL is expensive based on its Price-To-Sales Ratio (38.1x) compared to the peer average (5x).
Price to Earnings Ratio vs Industry
How does LOCL's PE Ratio compare vs other companies in the US Food Industry?
Price-To-Sales vs Industry: LOCL is expensive based on its Price-To-Sales Ratio (38.1x) compared to the US Food industry average (1.1x)
Price to Sales Ratio vs Fair Ratio
What is LOCL's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PS Ratio||38.1x|
|Fair PS Ratio||22.7x|
Price-To-Sales vs Fair Ratio: LOCL is expensive based on its Price-To-Sales Ratio (38.1x) compared to the estimated Fair Price-To-Sales Ratio (22.7x).
Share Price vs Fair Value
What is the Fair Price of LOCL when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: LOCL ($2.84) is trading below our estimate of fair value ($321.49)
Significantly Below Fair Value: LOCL is trading below fair value by more than 20%.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.
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How is Local Bounti forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
Future Growth Score6/6
Future Growth Score 6/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: LOCL is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.9%).
Earnings vs Market: LOCL is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: LOCL is expected to become profitable in the next 3 years.
Revenue vs Market: LOCL's revenue (87.3% per year) is forecast to grow faster than the US market (7.6% per year).
High Growth Revenue: LOCL's revenue (87.3% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: LOCL's Return on Equity is forecast to be high in 3 years time (39%)
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How has Local Bounti performed over the past 5 years?
Past Performance Score0/6
Past Performance Score 0/6
Growing Profit Margin
Earnings vs Industry
Last years earnings growth
Earnings and Revenue History
Quality Earnings: LOCL is currently unprofitable.
Growing Profit Margin: LOCL is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: Insufficient data to determine if LOCL's year-on-year earnings growth rate was positive over the past 5 years.
Accelerating Growth: Unable to compare LOCL's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: LOCL is unprofitable, making it difficult to compare its past year earnings growth to the Food industry (0.3%).
Return on Equity
High ROE: LOCL has a negative Return on Equity (-71.28%), as it is currently unprofitable.
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How is Local Bounti's financial position?
Financial Health Score1/6
Financial Health Score 1/6
Short Term Liabilities
Long Term Liabilities
Stable Cash Runway
Forecast Cash Runway
Financial Position Analysis
Short Term Liabilities: LOCL's short term assets ($50.2M) exceed its short term liabilities ($9.5M).
Long Term Liabilities: LOCL's short term assets ($50.2M) do not cover its long term liabilities ($119.5M).
Debt to Equity History and Analysis
Debt Level: LOCL's net debt to equity ratio (60.9%) is considered high.
Reducing Debt: Insufficient data to determine if LOCL's debt to equity ratio has reduced over the past 5 years.
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: LOCL has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: LOCL has less than a year of cash runway if free cash flow continues to reduce at historical rates of 104.9% each year
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What is Local Bounti current dividend yield, its reliability and sustainability?
Dividend Score 0/6
Cash Flow Coverage
Dividend Yield vs Market
|Local Bounti Dividend Yield vs Market|
|Company (Local Bounti)||n/a|
|Market Bottom 25% (US)||1.7%|
|Market Top 25% (US)||4.7%|
|Industry Average (Food)||2.8%|
|Analyst forecast in 3 Years (Local Bounti)||0%|
Notable Dividend: Unable to evaluate LOCL's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate LOCL'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 LOCL's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if LOCL'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 LOCL has not reported any payouts.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Craig Hurlbert (58 yo)
Mr. Craig M. Hurlbert serves as the Managing Partner at BrightMark Partners. He has been the Chairman of TAS Energy Inc. (also known as, Turbine Air Systems (TAS), Ltd.) since April 2008 and served as its...
CEO Compensation Analysis
|Craig Hurlbert's Compensation vs Local Bounti Earnings|
|Date||Total Comp.||Salary||Company Earnings|
|Jun 30 2022||n/a||n/a|
|Mar 31 2022||n/a||n/a|
|Dec 31 2021||US$191k||US$173k|
|Sep 30 2021||n/a||n/a|
|Jun 30 2021||n/a||n/a|
|Mar 31 2021||n/a||n/a|
|Dec 31 2020||US$314k||n/a|
Compensation vs Market: Craig's total compensation ($USD190.62K) is below average for companies of similar size in the US market ($USD1.72M).
Compensation vs Earnings: Craig's compensation has been consistent with company performance over the past year.
Experienced Management: LOCL's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.
Experienced Board: LOCL's board of directors are not considered experienced ( 0.8 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: LOCL insiders have only sold shares in the past 3 months.
Recent Insider Transactions
|02 Sep 22||SellUS$54,948||Mark McKinney||Individual||15,276||US$3.60|
|04 Jan 22||BuyUS$137,416||Charles Schwab||Individual||19,000||US$7.24|
|07 Dec 21||BuyUS$13,800||Gary Hilberg||Individual||2,000||US$6.90|
|07 Dec 21||BuyUS$284,568||Travis Joyner||Individual||41,974||US$6.96|
|03 Dec 21||BuyUS$7,482||B. Vosburg||Individual||1,160||US$6.45|
|03 Dec 21||BuyUS$765,013||Craig Hurlbert||Individual||112,107||US$6.86|
|02 Dec 21||BuyUS$49,130||Matthew Nordby||Individual||7,000||US$7.02|
|02 Dec 21||BuyUS$310,087||Mark McKinney||Individual||46,455||US$6.68|
|02 Dec 21||BuyUS$34,344||Gary Hilberg||Individual||5,000||US$6.87|
|02 Dec 21||BuyUS$6,409||Charles Schwab||Individual||1,000||US$6.41|
|02 Dec 21||BuyUS$100,000||Kathleen Valiasek||Individual||15,746.03||US$6.35|
|Owner Type||Number of Shares||Ownership Percentage|
Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 174.1%.
|Ownership||Name||Shares||Current Value||Change %||Portfolio %|
Local Bounti Corporation's employee growth, exchange listings and data sources
- Name: Local Bounti Corporation
- Ticker: LOCL
- Exchange: NYSE
- Founded: 2018
- Industry: Agricultural Products
- Sector: Food, Beverage & Tobacco
- Implied Market Cap: US$267.550m
- Shares outstanding: 94.21m
- Website: https://localbounti.com
Number of Employees
- Local Bounti Corporation
- 490 Foley Lane
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|LOCL||NYSE (New York Stock Exchange)||Yes||COMMON STOCK||US||USD||Apr 2021|
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/09/30 00:00|
|End of Day Share Price||2022/09/30 00:00|
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.