TOYO (TOYO) & Its Peers Financial Survey

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

Valuation & Earnings

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

	Gross Revenue	Net Income	Price/Earnings Ratio
TOYO	$518.61 million	$39.66 million	16.45
TOYO Competitors	$3.90 billion	$21.55 million	7.34

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.

Risk & Volatility

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

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 recent recommendations and price targets for TOYO and its rivals, as provided by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
TOYO	0	2	2	0	2.50
TOYO Competitors	701	1623	2430	78	2.39

TOYO currently has a consensus target price of $16.50, suggesting a potential upside of 33.71%. As a group, “Solar” companies have a potential upside of 5.33%. Given TOYO’s stronger consensus rating and higher probable upside, research analysts plainly believe TOYO is more favorable than its rivals.

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, hedge funds and large money managers believe a stock is poised for long-term growth.

Summary

TOYO beats its rivals 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.