Beyond Meat, Inc.

Halal Rating :
Comfortable
Last Price $3.9
Market Cap $255.6m
1D Change

0.0 %

1 Year Change

-52.15 %

Next Earnings Date

Yet to be announced

Company Overview

Beyond Meat is a producer of plant-based meat substitutes. The company's products are designed to replicate the taste, texture, and appearance of traditional meat products while being made entirely from plant-based ingredients. Their product line includes plant-based alternatives to beef, pork, and poultry products.

The company's flagship products include the Beyond Burger, Beyond Sausage, Beyond Beef, and Beyond Chicken. These products are sold through various channels including retail stores, restaurants, and food service operations.

Revenue Sources

Pass

Beyond Meat's revenue comes primarily from the sale of plant-based meat alternatives. These products are made from ingredients such as pea protein, rice protein, mung bean protein, canola oil, coconut oil, and various natural flavors and colors. None of their primary revenue sources involve haram products or services.

Reliance on Interest

Reporting Date Total Revenue Total Expense Interest Income Interest Expense Interest Income Ratio Interest Expense Ratio
Sept. 28, 2024 $81.01m $112.94m - $1.03m 0.00% 0.91%
June 29, 2024 $93.19m $128.15m - $1.03m 0.00% 0.80%
March 30, 2024 $75.6m $130.09m - $1.01m 0.00% 0.78%
Dec. 31, 2023 $73.68m $235.47m - $988,000 0.00% 0.42%

Examining the company's financial statements for the past four quarters shows that interest expenses have been consistently low relative to total expenses. Interest expenses averaged around 1% of total expenses across all quarters, well below the 5% threshold that would indicate material reliance on interest.

Operational Ethics

Pass

Based on review of company disclosures and public information, Beyond Meat does not maintain significant operations or material business relationships with entities involved in human rights violations. The company's primary manufacturing facilities are located in the United States and the Netherlands, with no evidence of substantial ongoing relationships with entities of concern.

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Comments

2 Comments

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M maddy.mydeen | 8 months, 3 weeks ago

Are we allowed to buy questionable stocks ?


A ahmedrashed1098 | 8 months, 2 weeks ago

Salam, this is Ahmed from the PIF team. You can consult a trusted scholar before investing in such projects.

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