Reviewing TOYO (TOYO) & Its Peers

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 related companies based on the strength of its earnings, dividends, analyst recommendations, institutional ownership, profitability, valuation and risk.

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%

Analyst Recommendations

This is a summary of current recommendations 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	2423	78	2.39

TOYO currently has a consensus target price of $16.50, suggesting a potential downside of 1.37%. As a group, “Solar” companies have a potential downside of 16.16%. Given TOYO’s stronger consensus rating and higher probable upside, equities analysts plainly 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, 17.8% of shares of all “Solar” companies are owned by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock will outperform the market over the long term.

Risk and Volatility

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

Earnings and Valuation

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

	Gross Revenue	Net Income	Price/Earnings Ratio
TOYO	$427.38 million	$39.66 million	22.31
TOYO Competitors	$1.51 billion	$21.55 million	9.94

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.

Summary

TOYO beats its rivals 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.