Critical Comparison: TOYO (TOYO) versus Its Peers

TOYO (NASDAQ:TOYO) is one of 47 publicly-traded 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 dividends, profitability, risk, institutional ownership, valuation, analyst recommendations and earnings.

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 hedge funds, large money managers and endowments believe a stock will outperform the market over the long term.

Earnings and Valuation

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

	Gross Revenue	Net Income	Price/Earnings Ratio
TOYO	$427.38 million	$39.66 million	22.65
TOYO Competitors	$1.51 billion	$21.55 million	9.68

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.

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%

Analyst Ratings

This is a summary of recent ratings and price targets 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	695	1615	2426	78	2.39

TOYO currently has a consensus price target of $16.50, suggesting a potential downside of 2.88%. As a group, “Solar” companies have a potential downside of 14.66%. Given TOYO’s stronger consensus rating and higher probable upside, equities research analysts plainly believe TOYO is more favorable than its peers.

Volatility and Risk

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

Summary

TOYO beats its peers on 7 of the 12 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.