Critical Review: FREYR Battery (FREY) & Its Rivals

FREYR Battery (NYSE: FREY) is one of 49 public companies in the “Miscellaneous electrical machinery, equipment, & supplies” industry, but how does it contrast to its rivals? We will compare FREYR Battery to similar businesses based on the strength of its analyst recommendations, earnings, valuation, dividends, profitability, institutional ownership 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 rivals have a beta of -0.49, meaning that their average share price is 149% less volatile than the S&P 500.

Analyst Ratings

This is a summary of recent recommendations and price targets for FREYR Battery and its rivals, as reported by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
FREYR Battery 0 0 3 0 3.00
FREYR Battery Competitors 65 502 731 13 2.53

FREYR Battery presently has a consensus target price of $19.33, indicating a potential upside of 110.83%. As a group, “Miscellaneous electrical machinery, equipment, & supplies” companies have a potential upside of 21.05%. Given FREYR Battery’s stronger consensus rating and higher probable upside, equities research analysts clearly believe FREYR Battery is more favorable than its rivals.

Institutional & Insider Ownership

50.0% of FREYR Battery shares are owned by institutional investors. Comparatively, 51.5% of shares of all “Miscellaneous electrical machinery, equipment, & supplies” companies are owned by institutional investors. 14.6% of shares of all “Miscellaneous electrical machinery, equipment, & supplies” companies are owned by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company will outperform the market over the long term.

Valuation & Earnings

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

Gross Revenue Net Income Price/Earnings Ratio
FREYR Battery N/A -$7.58 million -15.28
FREYR Battery Competitors $661.88 million $10.11 million 2.36

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

Profitability

This table compares FREYR Battery and its rivals’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
FREYR Battery N/A -860.00% -14.80%
FREYR Battery Competitors -1.25% -11.96% -2.06%

Summary

FREYR Battery rivals beat FREYR Battery on 8 of the 13 factors compared.

FREYR Battery Company Profile

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.

Receive News & Ratings for FREYR Battery Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FREYR Battery and related companies with MarketBeat.com's FREE daily email newsletter.