Contrasting FREYR Battery (FREY) and Its Peers

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 related companies based on the strength of its profitability, dividends, institutional ownership, earnings, analyst recommendations, risk and valuation.

Risk and Volatility

FREYR Battery has a beta of -0.02, meaning that its stock 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 stock price is 149% less volatile than the S&P 500.

Analyst Recommendations

This is a summary of current ratings and target prices for FREYR Battery and its competitors, as reported by MarketBeat.com.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
FREYR Battery 0 0 3 0 3.00
FREYR Battery Competitors 65 502 732 13 2.53

FREYR Battery currently has a consensus price target of $19.33, indicating a potential upside of 112.92%. As a group, “Miscellaneous electrical machinery, equipment, & supplies” companies have a potential upside of 20.84%. Given FREYR Battery’s stronger consensus rating and higher probable upside, research analysts plainly believe FREYR Battery is more favorable than its competitors.

Earnings & Valuation

This table compares FREYR Battery and its competitors top-line revenue, earnings per share and valuation.

Gross Revenue Net Income Price/Earnings Ratio
FREYR Battery N/A -$7.58 million -15.13
FREYR Battery Competitors $661.88 million $10.11 million 2.44

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.

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 will outperform the market over the long term.

Profitability

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 N/A -860.00% -14.80%
FREYR Battery Competitors -1.25% -11.96% -2.06%

Summary

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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