A Growing Company in a Growing Industry The plant-based cheese sector is expected to grow with a 7.3% CAGR reaching $4.7B by 2027. As more people begin to eat plant-based foods and realize the health benefits, the market will continue to take a share out of the regular cheese industry.
https://www.globenewswire.com/news-release/2021/05/06/2224733/0/en/Vegan-Cheese-Market-Growth-Sturdy-at-7-1-CAGR-to-Outstrip-4-651-68-Million-by-2027-COVID-19-Impact-and-Global-Analysis-by-TheInsightPartners-com.html
$FEEL is a company I've been very interested in for a while. They recently acquired Black Sheep Vegan Cheeze, a company with a variety of plant-based cheeses with products sold in around 30 stores. $FEEL has been looking to grow Black Sheep and has added an additional distributor in addition to signing a brokerage to help expand the company's retail footprint. We should see significant revenue growth going into the future as they continue to aggressively get products on more shelves. And they have a few more revenue streams as well; a food truck, Plenty Full meal kits, and Be Good Foods (plant-based meats). All of these combined should make 2022 a pretty exciting year for growth as we begin to recover from the pandemic.
$FEEL currently has a market cap of only $12M, which is very undervalued relative to peers. For example, some of the larger plant-based companies, $BYND and $TTCF, are trading with a 10+ P/S ratio. I'll be keeping a close eye on this at these levels as it bottoms out with strong support at $0.19. Definitely looking forward to seeing how the numbers look in the next report.