TOYO (TOYO) and Its Competitors Critical Comparison

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

Volatility and Risk

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 9.33, indicating that their average stock price is 833% more volatile than the S&P 500.

Earnings & Valuation

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

	Gross Revenue	Net Income	Price/Earnings Ratio
TOYO	$427.38 million	$39.66 million	18.75
TOYO Competitors	$1.51 billion	$21.55 million	9.58

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.

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 insiders. Comparatively, 17.8% of shares of all “Solar” companies are owned by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock is poised for long-term growth.

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 summary of recent ratings for TOYO and its competitors, 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	1614	2423	78	2.39

TOYO presently has a consensus price target of $16.50, suggesting a potential upside of 17.31%. As a group, “Solar” companies have a potential downside of 11.17%. Given TOYO’s stronger consensus rating and higher probable upside, research analysts plainly believe TOYO is more favorable than its competitors.

Summary

TOYO beats its competitors 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.