2024-10-27-PitchBook-PitchBook年三季度食品技术公共报表和估值指南（英）_9页_2mb

Key Findings Q3 2024 Foodtech Public Comp Sheet

• US Equity Performance: The S&P 500 rose 5% in Q3 2024, with a 31% year-to-date gain. Foodtech subsegments showed varied results: meal kits stock prices increased by an average of 57%, food delivery marketplaces saw a 24% gain, while restaurant and retail tech experienced a 13% decline.

• Challenges: Emerging foodtech companies face economic headwinds including inflation, elevated borrowing costs, and higher energy expenses, despite overall market growth.

• Valuation Metrics:

  • Alternative proteins: Enterprise value to revenue multiples dropped sharply from 11.4x in 2023 to 3.2x in Q3 2024, reflecting reduced investor optimism.
  • Online grocers: Expected to achieve a median gross profit margin of 72% in 2024, up significantly from 33% previously.