Analyzing 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 companies based on the strength of its risk, institutional ownership, analyst recommendations, dividends, earnings, profitability and valuation.

Earnings & Valuation

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

	Gross Revenue	Net Income	Price/Earnings Ratio
TOYO	$427.38 million	$39.66 million	16.53
TOYO Competitors	$1.51 billion	$21.55 million	7.61

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.

Risk and Volatility

TOYO has a beta of 1.31, meaning that its stock price is 31% more volatile than the S&P 500. Comparatively, TOYO’s competitors have a beta of 9.33, meaning that their average stock price is 833% more volatile than the S&P 500.

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%

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, 17.8% of shares of all “Solar” companies are owned by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company is poised for long-term growth.

Analyst Recommendations

This is a breakdown of current recommendations for TOYO and its competitors, as provided by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
TOYO	0	2	2	0	2.50
TOYO Competitors	700	1621	2430	78	2.39

TOYO presently has a consensus price target of $16.50, suggesting a potential upside of 33.06%. As a group, “Solar” companies have a potential upside of 1.89%. Given TOYO’s stronger consensus rating and higher possible upside, analysts plainly believe TOYO is more favorable than its competitors.

Summary

TOYO beats its competitors on 8 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.