Financial Review: TOYO (TOYO) vs. Its Rivals

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

Insider & Institutional Ownership

84.6% of TOYO shares are held by institutional investors. Comparatively, 48.8% of shares of all “Solar” companies are held by institutional investors. 0.3% of TOYO shares are held by company insiders. Comparatively, 17.8% of shares of all “Solar” companies are held by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company will outperform the market over the long term.

Risk and Volatility

TOYO has a beta of 1.31, suggesting that its share price is 31% more volatile than the S&P 500. Comparatively, TOYO’s peers have a beta of 3.10, suggesting that their average share price is 210% more volatile than the S&P 500.

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	-490.51%	-31.27%	-5.01%

Earnings and Valuation

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

	Gross Revenue	Net Income	Price/Earnings Ratio
TOYO	$518.61 million	$39.66 million	9.17
TOYO Competitors	$1.51 billion	$21.55 million	6.45

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 Recommendations

This is a breakdown of current ratings and recommmendations for TOYO and its peers, as provided by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
TOYO	1	1	2	0	2.25
TOYO Competitors	710	1629	2433	78	2.39

TOYO currently has a consensus target price of $16.50, indicating a potential upside of 139.83%. As a group, “Solar” companies have a potential upside of 15.83%. Given TOYO’s higher possible upside, equities analysts plainly believe TOYO is more favorable than its peers.

Summary

TOYO beats its peers on 7 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.