Contrasting TOYO (TOYO) & The Competition

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

Volatility and Risk

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

Insider & 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 company insiders. Comparatively, 17.8% of shares of all “Solar” companies are owned by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a stock will outperform the market over the long term.

Profitability

This table compares TOYO and its peers’ 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%

Earnings and Valuation

This table compares TOYO and its peers 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 peers have higher revenue, but lower earnings than TOYO. TOYO is trading at a higher price-to-earnings ratio than its peers, indicating that it is currently more expensive than other companies in its industry.

Analyst Ratings

This is a breakdown of recent ratings for TOYO and its peers, 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	700	1621	2430	78	2.39

TOYO currently 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, equities analysts clearly believe TOYO is more favorable than its peers.

Summary

TOYO beats its peers 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.