Why Oatly might not be overvalued

A quick and dirty valuation of the brand

Oatly debuted on the stock market last week at a $12 billion+ market cap. Much of the conversation has centered on the “frothy” (pun intended) valuation. With zero profits and a multi-billion valuation on the NASDAQ, the alternative milk manufacturer is certainly valued like a tech company.

Is Oatly Overvalued?

Oatly’s $12 billion valuations sit at 25x it…