Capital Intensity
Score how much of a company is physical plant, inventory, and equipment, whether that base is being maintained, and whether the shares have tangible backing.
Beyond Meat Inc
Physical assets are 49.2% of total assets, a mixed footprint. Capex is 0.38x depreciation and free cash flow yield is weak, which fits a cash drain on aging assets. ROIC is -77.9%, below an 8% cost-of-capital hurdle.
Fixed-asset turnover is 1.26x. Compare it with other names in the same basket.
Physical asset ratio
49.2%
Net PP&E plus inventory, divided by total assets. Above 50% is a heavy footprint.
Fixed asset turnover
1.26x
Revenue per dollar of the physical asset base.
Capex / D&A
0.38x
Above 1.0x means the physical base is being replaced or expanded.
Tangible book / share
-$0.02
Assets minus goodwill, intangibles, and liabilities, per share.
Price / tangible book
—
Price $7.17.
Fixed-charge coverage
12.34x
EBITDA minus capex, divided by interest plus short-term debt.
FCF yield
-140.2%
Latest free cash flow divided by current market cap ($123.28M).
ROIC
-77.9%
After-tax operating income over equity plus debt minus cash.
Operating income / net PP&E is -1.07x.
Footprint and return
Turnover and reinvestment
| Year | Physical | FAT | Capex/D&A | TBV/sh | Coverage | FCF | ROIC | EBIT/PP&E |
|---|---|---|---|---|---|---|---|---|
| 2018 | 45.4% | 2.88x | 4.72x | $51.08 | -40.18x | -$60.97M | — | -0.92x |
| 2019 | 28.6% | 6.27x | 3.20x | $272.57 | -0.95x | -$72.91M | — | -0.01x |
| 2020 | 53.8% | 3.13x | 4.51x | $176.80 | -3.25x | -$99.98M | — | -0.38x |
| 2021 | 35.9% | 1.83x | 6.28x | $62.92 | -32.99x | -$437.33M | — | -0.69x |
| 2022 | 62.7% | 0.97x | 2.25x | -$95.98 | -47.08x | -$393.54M | — | -0.80x |
| 2023 | 58.7% | 1.06x | 0.22x | -$239.52 | -28.31x | -$118.39M | — | -1.05x |
| 2024 | 62.3% | 1.06x | 0.48x | -$273.26 | -16.60x | -$109.83M | — | -0.51x |
| 2025 | 49.2% | 1.26x | 0.38x | -$0.02 | 12.34x | -$172.84M | -77.9% | -1.07x |
- Principal due is short-term debt, the amount reported as due within a year.
Latest year inputs (2025)
Net PP&E: $218.92M
Inventory: $84.03M
Total assets: $615.63M
Goodwill: $0.00
Intangibles: $0.00
Liabilities: $615.74M
Tangible book: -$111.00K
Shares: 6,044,142
Revenue: $275.50M
Capex: $12.31M
D&A: $32.77M
EBITDA: $265.90M
Interest: $14.03M
Short-term debt: $6.52M
Free cash flow: -$172.84M
Operating income: -$233.35M
Invested capital: $299.62M
Tax rate: 0.0%