Gogoro (NASDAQ:GGR – Get Rating) is one of 66 public companies in the “Motor vehicles & car bodies” industry, but how does it contrast to its competitors? We will compare Gogoro to similar businesses based on the strength of its profitability, institutional ownership, dividends, risk, valuation, analyst recommendations and earnings.
Earnings and Valuation
This table compares Gogoro and its competitors top-line revenue, earnings per share and valuation.
|Gross Revenue||Net Income||Price/Earnings Ratio|
|Gogoro||$382.83 million||-$98.91 million||-7.98|
|Gogoro Competitors||$45.56 billion||$2.45 billion||12.79|
Gogoro’s competitors have higher revenue and earnings than Gogoro. Gogoro 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.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
Gogoro currently has a consensus target price of $5.77, indicating a potential upside of 60.63%. As a group, “Motor vehicles & car bodies” companies have a potential upside of 41.15%. Given Gogoro’s higher probable upside, equities research analysts clearly believe Gogoro is more favorable than its competitors.
This table compares Gogoro and its competitors’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
Insider & Institutional Ownership
10.3% of Gogoro shares are owned by institutional investors. Comparatively, 43.7% of shares of all “Motor vehicles & car bodies” companies are owned by institutional investors. 14.2% of shares of all “Motor vehicles & car bodies” companies are owned by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company is poised for long-term growth.
Gogoro competitors beat Gogoro on 9 of the 12 factors compared.
Gogoro Inc. manufactures two-wheeled electric vehicle. The company offers two-wheeled electric scooter that provides cloud connectivity and electric powertrain that utilizes swappable battery infrastructure for gathering, analyzing, and sharing riding data through a mobile application on the rider's smartphone. It also operates battery swapping infrastructure network for electric vehicles that can be deployed across the cities to provide portable power through battery vending machines. Gogoro Inc. has a strategic partnership with Foxconn Electronics Inc. The company was founded in 2011 and is based in Taoyuan City, Taiwan.
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