TOYO (NASDAQ:TOYO – Get Free Report) is one of 47 publicly-traded 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 risk, profitability, analyst recommendations, dividends, valuation, earnings and institutional ownership.
Institutional and Insider 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 insiders. Comparatively, 17.8% of shares of all “Solar” companies are held by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company is poised for long-term growth.
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% |
Valuation and Earnings
| Gross Revenue | Net Income | Price/Earnings Ratio | |
| TOYO | $518.61 million | $39.66 million | 21.01 |
| TOYO Competitors | $3.90 billion | $21.55 million | 8.51 |
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.
Risk and Volatility
TOYO has a beta of 1.31, indicating that its share price is 31% more volatile than the S&P 500. Comparatively, TOYO’s peers have a beta of 9.33, indicating that their average share price is 833% more volatile than the S&P 500.
Analyst Ratings
This is a breakdown of current ratings and target prices for TOYO and its peers, as reported by MarketBeat.
| Sell Ratings | Hold Ratings | Buy Ratings | Strong Buy Ratings | Rating Score | |
| TOYO | 0 | 2 | 2 | 0 | 2.50 |
| TOYO Competitors | 695 | 1616 | 2426 | 78 | 2.39 |
TOYO currently has a consensus price target of $16.50, suggesting a potential upside of 4.70%. As a group, “Solar” companies have a potential downside of 2.27%. Given TOYO’s stronger consensus rating and higher possible upside, analysts plainly believe TOYO is more favorable than its peers.
Summary
TOYO beats its peers 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.
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