TOYO (TOYO) versus Its Competitors Financial Survey

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

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 large money managers, hedge funds and endowments believe a company will outperform the market over the long term.

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%

Analyst Ratings

This is a breakdown of recent recommendations for TOYO and its competitors, as reported by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
TOYO	0	2	2	0	2.50
TOYO Competitors	702	1626	2430	78	2.39

TOYO presently has a consensus price target of $16.50, suggesting a potential upside of 36.03%. As a group, “Solar” companies have a potential upside of 5.59%. Given TOYO’s stronger consensus rating and higher possible upside, equities research analysts plainly believe TOYO is more favorable than its competitors.

Valuation & Earnings

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

	Gross Revenue	Net Income	Price/Earnings Ratio
TOYO	$427.38 million	$39.66 million	16.17
TOYO Competitors	$1.51 billion	$21.55 million	7.60

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 & Volatility

TOYO has a beta of 1.31, indicating that its stock price is 31% more volatile than the S&P 500. Comparatively, TOYO’s competitors have a beta of 9.32, indicating that their average stock price is 832% more volatile than the S&P 500.

Summary

TOYO beats its competitors on 8 of the 13 factors compared.

TOYO Company Profile

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.