EMERGINGTECHRESEARCHAgtechPublicCompSheetandValuationGuideQ220242Q22024AGTECHPUBLICCOMPSHEETANDVALUATIONGUIDEpbinstitutionalresearch@pitchbook.comInstitutionalResearchGroupAnalysisPitchBookData,Inc.NizarTarhuniVicePresident,InstitutionalResearchandEditorialPaulCondraHeadofEmergingTechnologyResearchPublishedonJuly17,2024Keytakeaways•USequitiesexperiencedmassivegainsinthefirsthalfof2024.TheS&P500climbed42%inH12024,althoughonly4%occurredduringQ2.Agriculturaltechnology(agtech)equitieslargelydidnotseethesamelift.Animalbiotechwastheonlysegmenttoseegrowth,withstockpricesrising5%onaverage.Theindoorfarmingsolutionssegmentdeclined28%YTD,whiletheplantbiotech-fastgrowthsegmentdeclined26%.Macroeconomicfactors,includinginflation,highinterestrates,andrisingenergycosts,continuetocreateheadwindsfornewlyminted,growth-orientedagtechcompanies.•MorningstarandPitchBookrecentlylaunchedunicornindexestotrackprivatemarketperformance.Globalunicornsachieved7%gainsYTD,whileglobalagtechunicornsdeclined1%.Althoughpublicequitiescontinuetoclimbtonewhighs,privatecompaniesstrugglewithfundingchallengesrelatedtothedifficultexitenvironment.•Animalagriculture(animalag)loggedamedianenterprisevalue(EV)/historicaltrailing12-month(TTM)revenueof3.1xinH12024,markinganuptickfrom2.4xin2023andhighlightingtheheightenedinvestorexpectationsforthesegment.•...
发表评论取消回复