Stock daily read

What happened with STKH today?

Why it moved
Explains possible causes using the day’s news and filings
Moving with the market?
Uses market moves and trading volume to assess what drove the change
What to watch next
The next thing that could change the call, and what to look for

No read yet

Uses news and trading volume to explain the day’s move and how it relates to the market.

Investment outlook

STKH in three months: buy, wait or sell?

Stop guessing. Get the call, a three-month target price, the best and worst cases, and a source for every claim.

In the report
  • Buy / Wait / Sell rating
  • 3-month target price
  • Bear · Base · Bull
  • vs. the market

Company

Company overview

Steakholder Foods helps food producers make plant-based alternatives with the structure and texture of meat or seafood. Its industrial 3D printers shape ingredient blends into fibrous meat-like or flaky fish-like products. Food companies are the intended buyers of the machines and the SHMeat and SHFish premix blends used in them, and can sell the resulting foods under their own brands.

The company is also preparing to sell its own branded foods through local distributors. Separately, its partner Bondor Foods manufactures plant-based white-fish kebabs and salmon patties sold in Israeli vegan specialty stores under the Green Future (Atid Yarok) brand.

The business remains in early commercialization, with minimal revenue so far and initial sales coming from premix blends. It depends on food producers adopting its printing technology and expects parts of its model initially to rely on a few customers. Operations have mainly been funded by equity fundraising, and continued operation depends on obtaining further financing.

Its printers must meet applicable food-contact requirements. Customers bear responsibility for ensuring the foods they produce comply with food rules; an external supplier is expected to carry primary manufacturing responsibility for the company's planned branded products.

Read allShow less
Source: SEC filing

Red flags

Know what’s buried in STKH’s filings before you buy

The risk section is the longest, dullest part of the filing. This keeps only what can really hurt you: where it hits, how hard, when it plays out.

Sorted into
  • Happening now
  • Could go wrong
  • Built in

Moat

STKH says it has a moat. Does it hold up?

Every company claims an edge. Each one is checked against hard numbers like margins and returns: which hold, and which line gives way first.

Each edge rated
  • Strong
  • Moderate
  • Limited
  • Unproven

Related companies

  • Competition
  • Shared drivers
  • Supplier
  • Customer

Steakholder’s results hinge on turning food-producer partnerships such as Bondor Foods into printer and premix sales while competing with Redefine Meat, Chunk Foods and Juicy Marbles.

  • Beyond Meat and Steakholder both depend on demand for plant-based meat, but Beyond Meat sells the food itself while Steakholder sells food producers the printers and premixes to make it. Beyond Meat’s plant-based meat revenue, mainly from North America and Europe, offers a read on demand in the market Steakholder equips.

Agenda

in 20 daysMon, Nov 9

  1. Time to be announced

    Beyond Meat, Inc. earningsBYND

    Beyond Meat’s report will show how demand for plant-based meat is changing in the market Steakholder Foods equips with printers and premixes.