Critical Survey: TOYO (TOYO) and The Competition

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

Insider & Institutional 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 company insiders. Comparatively, 17.8% of shares of all “Solar” companies are held by company insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock is poised for long-term growth.

Analyst Ratings

This is a summary of current ratings and recommmendations 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	1616	2426	78	2.39

TOYO presently 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 probable upside, equities analysts clearly believe TOYO is more favorable than its peers.

Volatility and Risk

TOYO has a beta of 1.31, suggesting that its stock price is 31% more volatile than the S&P 500. Comparatively, TOYO’s peers have a beta of 9.33, suggesting that their average stock price is 833% more volatile than the S&P 500.

Valuation and Earnings

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

	Gross Revenue	Net Income	Price/Earnings Ratio
TOYO	$518.61 million	$39.66 million	21.01
TOYO Competitors	$1.53 billion	$21.55 million	8.51

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%

Summary

TOYO beats its peers 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.