Reviewing TOYO (TOYO) and The Competition

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

Valuation & Earnings

This table compares TOYO and its peers top-line revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
TOYO	$427.38 million	$39.66 million	9.68
TOYO Competitors	$1.51 billion	$21.55 million	6.31

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.

Institutional and 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.

Volatility and Risk

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 8.90, suggesting that their average share price is 790% more volatile than the S&P 500.

Analyst Ratings

This is a breakdown of recent ratings and target prices for TOYO and its peers, as reported by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
TOYO	0	2	2	0	2.50
TOYO Competitors	709	1627	2431	78	2.39

TOYO presently has a consensus target price of $16.50, indicating a potential upside of 127.27%. As a group, “Solar” companies have a potential upside of 17.25%. Given TOYO’s stronger consensus rating and higher probable upside, equities research analysts plainly believe TOYO is more favorable than its peers.

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%

Summary

TOYO beats its peers 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.