Contrasting TOYO (TOYO) and Its Competitors

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

Institutional & Insider Ownership

84.6% of TOYO shares are held by institutional investors. Comparatively, 48.8% of shares of all “Solar” companies are held by institutional investors. 0.3% of TOYO shares are held by insiders. Comparatively, 17.8% of shares of all “Solar” companies are held by insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company will outperform the market over the long term.

Volatility & Risk

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

Analyst Recommendations

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	1615	2426	78	2.39

TOYO currently has a consensus target price of $16.50, indicating a potential upside of 4.70%. As a group, “Solar” companies have a potential downside of 2.27%. Given TOYO’s stronger consensus rating and higher possible upside, equities research analysts plainly believe TOYO is more favorable than its competitors.

Valuation and Earnings

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

	Gross Revenue	Net Income	Price/Earnings Ratio
TOYO	$427.38 million	$39.66 million	21.01
TOYO Competitors	$1.51 billion	$21.55 million	8.51

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.

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%

Summary

TOYO beats its competitors on 8 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.