© 2019 Bloomberg Finance LPBeyond Meat (BYND), provider of plant-based meat alternatives, is expected to IPO on Thursday, May 2. At the midpoint of the IPO price range, BYND currently earns a very unattractive rating. Figure 1: BYND Revenue and NOPAT: 2017-2018New Constructs, LLCBYND may be growing rapidly, but that growth is coming at a high cost. To this end, BYND has made a point to market its products as meat rather than as a vegetarian alternative. However, there are still major question marks as to how large the potential market for plant-based meat products really is.

Source: Forbes May 01, 2019 15:34 UTC