Financial Review: Gogoro (GGR) versus Its Competitors

Gogoro (NASDAQ:GGRGet Rating) is one of 66 public companies in the “Motor vehicles & car bodies” industry, but how does it compare to its rivals? We will compare Gogoro to related businesses based on the strength of its valuation, analyst recommendations, earnings, risk, profitability, institutional ownership and dividends.

Valuation and Earnings

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

Gross Revenue Net Income Price/Earnings Ratio
Gogoro $382.83 million -$98.91 million -7.76
Gogoro Competitors $44.46 billion $2.45 billion 12.57

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

Profitability

This table compares Gogoro and its rivals’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
Gogoro -25.84% -35.10% -11.87%
Gogoro Competitors -4,074.82% -24.62% -11.73%

Analyst Recommendations

This is a breakdown of recent recommendations and price targets for Gogoro and its rivals, as provided by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Gogoro 1 0 1 0 2.00
Gogoro Competitors 844 2215 3040 137 2.40

Gogoro currently has a consensus target price of $5.77, suggesting a potential upside of 65.23%. As a group, “Motor vehicles & car bodies” companies have a potential upside of 45.09%. Given Gogoro’s higher possible upside, analysts clearly believe Gogoro is more favorable than its rivals.

Institutional & Insider Ownership

10.3% of Gogoro shares are held by institutional investors. Comparatively, 40.8% of shares of all “Motor vehicles & car bodies” companies are held by institutional investors. 4.8% of Gogoro shares are held by insiders. Comparatively, 13.5% of shares of all “Motor vehicles & car bodies” companies are held by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock is poised for long-term growth.

Summary

Gogoro rivals beat Gogoro on 8 of the 11 factors compared.

About Gogoro

(Get Rating)

Gogoro Inc. manufactures two-wheeled electric vehicle. The company offers two-wheeled electric scooter that provides cloud connectivity and electric powertrain that utilizes swappable battery infrastructure for gathering, analyzing, and sharing riding data through a mobile application on the rider's smartphone. It also operates battery swapping infrastructure network for electric vehicles that can be deployed across the cities to provide portable power through battery vending machines. Gogoro Inc. has a strategic partnership with Foxconn Electronics Inc. The company was founded in 2011 and is based in Taoyuan City, Taiwan.

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