2025年一季度食品技术公共报表和估值指南2025

EMERGING TECH RESEARCH Foodtech PublicComp Sheet andValuation Guide Key takeaways PitchBook Data, Inc. Nizar TarhuniExecutive Vice President of Researchand Market Intelligence Paul CondraGlobal Head of Private Markets Research •Foodtech outperforms:Public markets struggled in Q1, with the S&P 500 falling 5% and the Nasdaq dropping 10%. Foodtechstocks showed mixed results, ranging from a 67% gain to a 49% loss, but overall slightly outperformed the broader indexes.Online grocery companies saw a median decline of 7%, while kitchen technology firms posted a modest median stock priceincrease of 1%, reflecting varied investor sentiment across the sector. James UlanDirector of EmergingTechnology Research Institutional Research Group Analysis Alex FrederickSenior Research Analyst,Agtech and Foodtechalex.frederick@pitchbook.com •Just Eat Takeaway.com’s $4.3 billion buyout:In the food delivery marketplaces segment, Just Eat Takeaway.com shares jumped53% in Q1 after Dutch investor Prosus offered to acquire the company for €4.1 billion ($4.3 billion). The bid values Just Eat’sshares at €20.30 each, a 63% premium over closing price at the time of the announcement. The deal follows a challenging periodfor Just Eat, marked by shifting post-pandemic consumer habits and restructuring efforts, including the sale of its Grubhub unit.Prosus, which already owns 28% of rival Delivery Hero, aims to leverage Just Eat’s strong European presence to bolster its fooddelivery portfolio. Ben RiccioAssociate Research Analystben.riccio@pitchbook.com Published on April 17, 2025pbinstitutionalresearch@pitchbook.com Pollen Street bets on OrderYOYO’s rapid growth:In the restaurant & retail tech segment, OrderYOYO shares rose 19% in Q1 onthe news of its $165.7 million acquisition by Pollen Street Capital through a public-to-private leveraged buyout. The restaurant-focused e-commerce platform processes over 16 million orders annually and has boosted profitability, increasing its EBITDA marginfrom 0.5% in 2021 to 17.6% in 2024. Pollen Street plans to support OrderYOYO’s growth through M&A and enhanced technologycapabilities, aligning with its strategic focus on embedded payments and e-commerce solutions. Key takeaways2Stock returns3Valuations4Revenue5EBITDA7 The PitchBook foodtech comp sheet was constructed with the PitchBook Excel plugin using both PitchBook and Morningstar data. The toolallows subscribers to pull financial data and company information into Excel for more than 100,000 public companies across the US andthe world, as well as PitchBook’s proprietary data on more than 4 million private companies. PitchBook clients can accessthe full Excel data packfor thisreport via the Details tab in thedocument viewer. Stock returns PitchBook clients can accessthe full Excel data packfor this report via the Details tab in the document viewer. Valuations Revenue Revenue EBITDA EBITDA ©2025 by PitchBook Data, Inc. All rights reserved. No part of this publication may be reproduced in any form or by any means—graphic, electronic, or mechanical,including photocopying, recording, taping, and information storage and retrieval systems—without the express written permission of PitchBook Data, Inc. Contents arebased on information from sources believed to be reliable, but accuracy and completeness cannot be guaranteed.Nothingherein should be construed as any past, currentor future recommendation to buy or sell any security or an offer to sell, or a solicitation of an offer to buy any security. This material does not purport to contain all of theinformation that a prospective investor may wish to consider and is not to be relied upon as such or used in substitution for the exercise of independent judgment.