DAQO New Energy Corp. (DQ) versus Its Rivals Head-To-Head Analysis

DAQO New Energy Corp. (NYSE: DQ) is one of 13 publicly-traded companies in the “Photovoltaic Solar Systems & Equipment” industry, but how does it weigh in compared to its peers? We will compare DAQO New Energy Corp. to related businesses based on the strength of its institutional ownership, profitability, dividends, earnings, valuation, risk and analyst recommendations.

Analyst Ratings

This is a summary of current ratings and recommmendations for DAQO New Energy Corp. and its peers, as provided by MarketBeat.com.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
DAQO New Energy Corp. 0 0 2 0 3.00
DAQO New Energy Corp. Competitors 177 600 903 58 2.48

DAQO New Energy Corp. presently has a consensus target price of $42.50, indicating a potential upside of 6.76%. As a group, “Photovoltaic Solar Systems & Equipment” companies have a potential downside of 16.95%. Given DAQO New Energy Corp.’s stronger consensus rating and higher possible upside, equities research analysts plainly believe DAQO New Energy Corp. is more favorable than its peers.

Insider & Institutional Ownership

28.4% of DAQO New Energy Corp. shares are owned by institutional investors. Comparatively, 44.7% of shares of all “Photovoltaic Solar Systems & Equipment” companies are owned by institutional investors. 17.0% of shares of all “Photovoltaic Solar Systems & Equipment” companies are owned by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock is poised for long-term growth.

Earnings and Valuation

This table compares DAQO New Energy Corp. and its peers top-line revenue, earnings per share and valuation.

Gross Revenue NetIncome Price/Earnings Ratio
DAQO New Energy Corp. $229.10 million $43.49 million 8.38
DAQO New Energy Corp. Competitors $1.24 billion -$44.98 million 0.52

DAQO New Energy Corp.’s peers have higher revenue, but lower earnings than DAQO New Energy Corp.. DAQO New Energy Corp. 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.

Risk and Volatility

DAQO New Energy Corp. has a beta of 1.93, indicating that its stock price is 93% more volatile than the S&P 500. Comparatively, DAQO New Energy Corp.’s peers have a beta of 1.64, indicating that their average stock price is 64% more volatile than the S&P 500.

Profitability

This table compares DAQO New Energy Corp. and its peers’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
DAQO New Energy Corp. 19.35% 18.90% 8.18%
DAQO New Energy Corp. Competitors -11.11% -103.58% -3.38%

Summary

DAQO New Energy Corp. beats its peers on 9 of the 13 factors compared.

DAQO New Energy Corp. Company Profile

Daqo New Energy Corp. is a polysilicon manufacturer. The Company utilizes the chemical vapor deposition process, or the modified Siemens process, to produce polysilicon. The Company’s segments include Polysilicon and Wafer. The Company manufactures and sells polysilicon to photovoltaic product manufacturers, whereby the polysilicon is processed into ingots, wafers, cells and modules for solar power solutions. The Company offers ready-to-use polysilicon, packaged to meet crucible stacking, pulling and solidification needs. The Company offers wafers through its downstream photovoltaic product manufacturing business. The Company also provides wafer original equipment manufacturer (OEM) service to external customers through tolling agreements by processing polysilicon to produce ingot and wafer. Its annual capacity for polysilicon is approximately 12,150 metric tons (MT) in Xinjiang. The Company’s wafer manufacturing annual capacity is approximately 90 million pieces.

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