Critical Analysis: Fly-E Group (FLYE) and Its Competitors

Fly-E Group (NASDAQ:FLYE) is one of 119 public companies in the “Automobiles” industry, but how does it compare to its competitors? We will compare Fly-E Group to related businesses based on the strength of its valuation, dividends, earnings, risk, analyst recommendations, institutional ownership and profitability.

Risk and Volatility

Fly-E Group has a beta of -0.7, suggesting that its stock price is 170% less volatile than the S&P 500. Comparatively, Fly-E Group’s competitors have a beta of 0.97, suggesting that their average stock price is 3% less volatile than the S&P 500.

Profitability

This table compares Fly-E Group and its competitors’ net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Fly-E Group	N/A	N/A	N/A
Fly-E Group Competitors	-1,371.68%	-100.36%	-10.38%

Institutional & Insider Ownership

39.1% of shares of all “Automobiles” companies are owned by institutional investors. 4.7% of Fly-E Group shares are owned by company insiders. Comparatively, 13.9% of shares of all “Automobiles” companies are owned by company insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company will outperform the market over the long term.

Analyst Recommendations

This is a breakdown of current ratings and target prices for Fly-E Group and its competitors, as provided by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Fly-E Group	1	0	0	0	1.00
Fly-E Group Competitors	2030	5018	6299	184	2.34

As a group, “Automobiles” companies have a potential upside of 82.47%. Given Fly-E Group’s competitors stronger consensus rating and higher probable upside, analysts plainly believe Fly-E Group has less favorable growth aspects than its competitors.

Valuation and Earnings

This table compares Fly-E Group and its competitors revenue, earnings per share and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
Fly-E Group	$19.06 million	N/A	-0.14
Fly-E Group Competitors	$53.43 billion	$1.13 billion	5.48

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

Summary

Fly-E Group competitors beat Fly-E Group on 9 of the 12 factors compared.

Fly-E Group Company Profile

Fly-E Group, Inc. engages in the designing, installing, and selling of smart electric motorcycles (e-motorcycles), electric bikes, electric scooters, and related accessories under the Fly E-Bike brand in the United States and Canada. It offers e-mopeds, e-motorcycles, e-tricycles, e-bikes, and e-scooters; and traditional bikes. The company also provides accessories and spare parts, including raincoats, gloves, knee pads, storage baskets and tail boxes, smart phone holders, backrests, locks, and branded apparel; and upgrade components for wheels, shock absorbers, brake calipers, and carbon fiber body panels. It also operates retail stores; and offers repair, maintenance, bodywork, and other value added services. The company was founded in 2018 and is based in Flushing, New York.