Comparing TOYO (TOYO) & Its Competitors

TOYO (NASDAQ:TOYO) is one of 47 public companies in the “Solar” industry, but how does it contrast to its competitors? We will compare TOYO to similar businesses based on the strength of its profitability, institutional ownership, valuation, dividends, analyst recommendations, risk and earnings.

Earnings & Valuation

This table compares TOYO and its competitors gross revenue, earnings per share and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
TOYO	$427.38 million	$39.66 million	19.35
TOYO Competitors	$1.52 billion	$21.55 million	10.33

TOYO’s competitors have higher revenue, but lower earnings than TOYO. TOYO 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.

Analyst Recommendations

This is a summary of current ratings and recommmendations for TOYO and its competitors, as provided by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
TOYO	0	2	2	0	2.50
TOYO Competitors	695	1614	2422	78	2.39

TOYO presently has a consensus target price of $16.50, suggesting a potential upside of 13.71%. As a group, “Solar” companies have a potential downside of 15.22%. Given TOYO’s stronger consensus rating and higher probable upside, research analysts clearly believe TOYO is more favorable than its competitors.

Profitability

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

	Net Margins	Return on Equity	Return on Assets
TOYO	N/A	N/A	N/A
TOYO Competitors	-436.13%	-60.70%	-7.77%

Volatility and Risk

TOYO has a beta of 1.26, meaning that its stock price is 26% more volatile than the S&P 500. Comparatively, TOYO’s competitors have a beta of -8.55, meaning that their average stock price is 955% less volatile than the S&P 500.

Insider and Institutional Ownership

84.6% of TOYO shares are owned by institutional investors. Comparatively, 48.8% of shares of all “Solar” companies are owned by institutional investors. 0.3% of TOYO shares are owned by insiders. Comparatively, 18.1% of shares of all “Solar” companies are owned by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company will outperform the market over the long term.

Summary

TOYO beats its competitors on 9 of the 13 factors compared.

About TOYO

TOYO Co. Ltd. engages in the design, manufacture, and sale of solar cells and modules. It is involved in integrating the upstream production of wafer and silicon, midstream production of solar cell, downstream production of photovoltaic (PV) modules, and potentially other stages of the solar power supply chain. The company was founded on November 8, 2022 and is headquartered in Tokyo, Japan.