Head-To-Head Analysis: FREYR Battery (FREY) and Its Rivals

FREYR Battery (NYSE: FREY) is one of 49 public companies in the “Miscellaneous electrical machinery, equipment, & supplies” industry, but how does it compare to its peers? We will compare FREYR Battery to similar companies based on the strength of its earnings, analyst recommendations, profitability, valuation, dividends, risk and institutional ownership.

Institutional and Insider Ownership

50.0% of FREYR Battery shares are held by institutional investors. Comparatively, 51.5% of shares of all “Miscellaneous electrical machinery, equipment, & supplies” companies are held by institutional investors. 14.6% of shares of all “Miscellaneous electrical machinery, equipment, & supplies” companies are held by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company will outperform the market over the long term.

Profitability

This table compares FREYR Battery and its peers’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
FREYR Battery N/A -860.00% -14.80%
FREYR Battery Competitors -1.25% -11.96% -2.06%

Analyst Ratings

This is a summary of recent ratings and target prices for FREYR Battery and its peers, as provided by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
FREYR Battery 0 0 3 0 3.00
FREYR Battery Competitors 65 502 732 13 2.53

FREYR Battery currently has a consensus price target of $19.33, suggesting a potential upside of 112.92%. As a group, “Miscellaneous electrical machinery, equipment, & supplies” companies have a potential upside of 20.84%. Given FREYR Battery’s stronger consensus rating and higher possible upside, equities research analysts clearly believe FREYR Battery is more favorable than its peers.

Volatility & Risk

FREYR Battery has a beta of -0.02, meaning that its share price is 102% less volatile than the S&P 500. Comparatively, FREYR Battery’s peers have a beta of -0.49, meaning that their average share price is 149% less volatile than the S&P 500.

Valuation & Earnings

This table compares FREYR Battery and its peers revenue, earnings per share (EPS) and valuation.

Gross Revenue Net Income Price/Earnings Ratio
FREYR Battery N/A -$7.58 million -15.13
FREYR Battery Competitors $661.88 million $10.11 million 2.44

FREYR Battery’s peers have higher revenue and earnings than FREYR Battery. FREYR Battery is trading at a lower price-to-earnings ratio than its peers, indicating that it is currently more affordable than other companies in its industry.

Summary

FREYR Battery peers beat FREYR Battery on 8 of the 13 factors compared.

FREYR Battery Company Profile

FREYR offers a clean Nordic solution to the rapidly growing global demand for high-density and cost-competitive battery cells for stationary energy storage (ESS), electric mobility, and marine applications.

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