V2food claims to be Australia’s No.1 plant-based meat company, so it’s understandably pricked the ears of ASX watchers
The post Can you buy shares in plant-based meat company v2food on the ASX? appeared first on The Motley Fool Australia. –
V2food has become a staple on Australian supermarket shelves. It was developed in conjunction with the CSIRO and has a focus on being a sustainable and realistic alternative to meat products.
In fact, if you’ve ever had a Rebel Whopper at Hungry Jack’s, you’ve eaten a v2food burger patty. So, how can ASX investors get their hands on a piece of v2food?
Unfortunately, I don’t have good news…
How to buy v2food on the ASX?
I hate to break the bad news, but v2food likely won’t be anyone’s next investment. That’s because it’s a privately owned company.
That’s not to say it doesn’t have any investors. Competitive Foods Australia, which operates Hungry Jack’s, is a v2food investor.
The Sydney Morning Herald reported v2food received investments from numerous Asian investment vehicles when it stretched its legs into Asia.
The next best thing?
Luckily, there are numerous options for investors interested in companies like v2foods.
Within them, it reported net revenue of US$149.4 million – 31.8% more than the prior corresponding period. However, it reported earnings before, interest, taxes, depreciation, and amortisation (EBITDA) reached a loss of US$2.2 million.
The loss was due to higher overheads, transport costs, and depreciation and amortisation expenses.
ASX-listed plant-based protein makers
On the ASX there are a few options for those hoping to capitalise on plant-based meat. Those interested in buying shares of v2food might like the look of these ASX shares.
The first plant-based meat focused company is Wide Open Agriculture Ltd (ASX: WOA). The company isn’t wholly plant based – it has interests in beef, lamb, and poultry.
However, it’s working with the CSIRO and Curtin University to create plant-based proteins from lupin. It also produces the world’s first carbon neutral oat milk, OatUP.
Another ASX-listed company is coming at the plant-based movement from a slightly different direction.
The post Can you buy shares in plant-based meat company v2food on the ASX? appeared first on The Motley Fool Australia.
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Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Beyond Meat, Inc. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.