Financial Comparison: TOYO (TOYO) versus The Competition

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

Volatility & Risk

TOYO has a beta of 1.26, indicating that its stock price is 26% more volatile than the S&P 500. Comparatively, TOYO’s rivals have a beta of -8.55, indicating that their average stock price is 955% less volatile than the S&P 500.

Valuation & Earnings

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

	Gross Revenue	Net Income	Price/Earnings Ratio
TOYO	$427.38 million	$39.66 million	19.35
TOYO Competitors	$1.52 billion	$21.55 million	10.28

TOYO’s rivals have higher revenue, but lower earnings than TOYO. TOYO is trading at a higher price-to-earnings ratio than its rivals, indicating that it is currently more expensive than other companies in its industry.

Analyst Ratings

This is a summary of recent ratings and price targets for TOYO and its rivals, as provided by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
TOYO	0	2	2	0	2.50
TOYO Competitors	695	1614	2422	78	2.39

TOYO currently has a consensus price target of $16.50, suggesting a potential upside of 13.71%. As a group, “Solar” companies have a potential downside of 15.19%. Given TOYO’s stronger consensus rating and higher possible upside, equities analysts clearly believe TOYO is more favorable than its rivals.

Institutional & Insider 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, 18.1% of shares of all “Solar” companies are owned by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company is poised for long-term growth.

Profitability

This table compares TOYO and its rivals’ 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%

Summary

TOYO beats its rivals on 9 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.