MagneGas (NASDAQ: MNGA) is one of 32 public companies in the “POLLUTION CNTRL” industry, but how does it compare to its peers? We will compare MagneGas to similar companies based on the strength of its earnings, profitability, analyst recommendations, dividends, institutional ownership, risk and valuation.
Risk and Volatility
MagneGas has a beta of -0.47, meaning that its share price is 147% less volatile than the S&P 500. Comparatively, MagneGas’ peers have a beta of 1.75, meaning that their average share price is 75% more volatile than the S&P 500.
This is a summary of current ratings and price targets for MagneGas and its peers, as reported by MarketBeat.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
MagneGas presently has a consensus price target of $6.00, indicating a potential upside of 506.06%. As a group, “POLLUTION CNTRL” companies have a potential upside of 16.66%. Given MagneGas’ stronger consensus rating and higher possible upside, analysts clearly believe MagneGas is more favorable than its peers.
Institutional and Insider Ownership
40.5% of MagneGas shares are owned by institutional investors. Comparatively, 34.8% of shares of all “POLLUTION CNTRL” companies are owned by institutional investors. 4.5% of MagneGas shares are owned by insiders. Comparatively, 15.2% of shares of all “POLLUTION CNTRL” companies are owned by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock will outperform the market over the long term.
Valuation and Earnings
This table compares MagneGas and its peers gross revenue, earnings per share (EPS) and valuation.
|Gross Revenue||Net Income||Price/Earnings Ratio|
|MagneGas||$3.55 million||-$17.46 million||-0.03|
|MagneGas Competitors||$412.89 million||$17.94 million||24.32|
MagneGas’ peers have higher revenue and earnings than MagneGas. MagneGas is trading at a lower price-to-earnings ratio than its peers, indicating that it is currently more affordable than other companies in its industry.
This table compares MagneGas and its peers’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
MagneGas peers beat MagneGas on 8 of the 12 factors compared.
MagneGas Company Profile
MagneGas Corporation is an alternative energy company. The Company creates and produces hydrogen-based alternative fuel through the gasification of carbon-rich liquids, including certain liquids and liquid wastes. The Company is also developing the use of fuel for co-combustion with hydrocarbon fuels to reduce emissions. The Company also markets, for sale or licensure, its plasma arc technology for the processing of liquid waste (the Plasma Arc Flow System). Its products include the fuel called MagneGas2 for the metal working industry, the equipment primarily known in the firefighting industry, known as MagneTote, and the machines that produce MagneGas2, known as Plasma Arc Flow refineries. In addition, the Company sells metal cutting fuels and ancillary products through its subsidiary, Equipment Sales and Service, Inc. (ESSI), a Florida corporation. It distributes products through several industrial gas companies in California, Michigan, Florida, Georgia, Indiana, and Pennsylvania.
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