Local Bounti (LOCL) and Its Peers Head-To-Head Comparison

Local Bounti (NYSE:LOCL) is one of 328 public companies in the “Food Products” industry, but how does it compare to its competitors? We will compare Local Bounti to similar companies based on the strength of its institutional ownership, analyst recommendations, dividends, earnings, risk, profitability and valuation.

Profitability

This table compares Local Bounti and its competitors’ net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Local Bounti	-130.52%	N/A	-16.45%
Local Bounti Competitors	-12.77%	-127.74%	-2.01%

Analyst Recommendations

This is a summary of current recommendations and price targets for Local Bounti and its competitors, as reported by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Local Bounti	1	0	0	0	1.00
Local Bounti Competitors	2450	8302	8384	404	2.35

As a group, “Food Products” companies have a potential upside of 16.23%. Given Local Bounti’s competitors stronger consensus rating and higher probable upside, analysts clearly believe Local Bounti has less favorable growth aspects than its competitors.

Valuation & Earnings

This table compares Local Bounti and its competitors revenue, earnings per share and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
Local Bounti	$48.37 million	-$94.38 million	-0.28
Local Bounti Competitors	$6.83 billion	$700.98 million	-2,412.57

Local Bounti’s competitors have higher revenue and earnings than Local Bounti. Local Bounti is trading at a higher price-to-earnings ratio than its competitors, indicating that it is currently more expensive than other companies in its industry.

Institutional and Insider Ownership

28.0% of Local Bounti shares are owned by institutional investors. Comparatively, 39.0% of shares of all “Food Products” companies are owned by institutional investors. 14.2% of Local Bounti shares are owned by insiders. Comparatively, 19.0% of shares of all “Food Products” companies are owned by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a stock will outperform the market over the long term.

Risk and Volatility

Local Bounti has a beta of 2.88, indicating that its share price is 188% more volatile than the S&P 500. Comparatively, Local Bounti’s competitors have a beta of -3.84, indicating that their average share price is 484% less volatile than the S&P 500.

Summary

Local Bounti competitors beat Local Bounti on 10 of the 13 factors compared.

Local Bounti Company Profile

Local Bounti Corporation was an indoor agriculture company that used controlled-environment farming to grow fresh produce year-round. Its operations were designed to use hydroponic systems and indoor growing environments, helping provide consistent growing conditions while reducing the distance between farms and consumers. The company produced and marketed leafy greens, lettuce, herbs and other fresh vegetables under the Local Bounti brand. Its products were distributed through retail and food-service channels, with a focus on serving customers in regional markets from its indoor farms in the United States.