FREYR Battery (NYSE: FREY) is one of 49 publicly-traded companies in the “Miscellaneous electrical machinery, equipment, & supplies” industry, but how does it contrast to its competitors? We will compare FREYR Battery to similar companies based on the strength of its earnings, institutional ownership, dividends, profitability, analyst recommendations, valuation and risk.
Risk & Volatility
FREYR Battery has a beta of -0.02, meaning that its share price is 102% less volatile than the S&P 500. Comparatively, FREYR Battery’s competitors have a beta of -0.49, meaning that their average share price is 149% less volatile than the S&P 500.
This table compares FREYR Battery and its competitors’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|FREYR Battery Competitors||-1.25%||-11.96%||-2.06%|
Institutional and Insider Ownership
50.0% of FREYR Battery shares are held by institutional investors. Comparatively, 51.5% of shares of all “Miscellaneous electrical machinery, equipment, & supplies” companies are held by institutional investors. 14.6% of shares of all “Miscellaneous electrical machinery, equipment, & supplies” companies are held by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a stock is poised for long-term growth.
This is a summary of current recommendations and price targets for FREYR Battery and its competitors, as reported by MarketBeat.com.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|FREYR Battery Competitors||65||502||732||13||2.53|
FREYR Battery currently has a consensus target price of $19.33, indicating a potential upside of 98.70%. As a group, “Miscellaneous electrical machinery, equipment, & supplies” companies have a potential upside of 15.00%. Given FREYR Battery’s stronger consensus rating and higher possible upside, analysts clearly believe FREYR Battery is more favorable than its competitors.
Earnings and Valuation
This table compares FREYR Battery and its competitors revenue, earnings per share and valuation.
|Gross Revenue||Net Income||Price/Earnings Ratio|
|FREYR Battery||N/A||-$7.58 million||-16.22|
|FREYR Battery Competitors||$661.88 million||$10.11 million||1.46|
FREYR Battery’s competitors have higher revenue and earnings than FREYR Battery. FREYR Battery 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.
FREYR Battery competitors beat FREYR Battery on 8 of the 13 factors compared.
About FREYR Battery
FREYR offers a clean Nordic solution to the rapidly growing global demand for high-density and cost-competitive battery cells for stationary energy storage (ESS), electric mobility, and marine applications.
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