Analyzing TruGolf (TRUG) & The Competition

TruGolf (NASDAQ:TRUG) is one of 19 publicly-traded companies in the “Sporting & athletic goods, not elsewhere classified” industry, but how does it contrast to its competitors? We will compare TruGolf to related companies based on the strength of its institutional ownership, dividends, analyst recommendations, profitability, risk, earnings and valuation.

Insider and Institutional Ownership

3.2% of TruGolf shares are held by institutional investors. Comparatively, 49.9% of shares of all “Sporting & athletic goods, not elsewhere classified” companies are held by institutional investors. 37.2% of TruGolf shares are held by insiders. Comparatively, 19.5% of shares of all “Sporting & athletic goods, not elsewhere classified” companies are held by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company will outperform the market over the long term.

Profitability

This table compares TruGolf and its competitors’ net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
TruGolf	N/A	N/A	-21.06%
TruGolf Competitors	-70.19%	-167.53%	-28.10%

Earnings and Valuation

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

	Gross Revenue	Net Income	Price/Earnings Ratio
TruGolf	$20.35 million	-$360,000.00	-1.02
TruGolf Competitors	$2.82 billion	$65.74 million	3.28

TruGolf’s competitors have higher revenue and earnings than TruGolf. TruGolf 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.

Volatility & Risk

TruGolf has a beta of -0.75, suggesting that its stock price is 175% less volatile than the S&P 500. Comparatively, TruGolf’s competitors have a beta of 1.39, suggesting that their average stock price is 39% more volatile than the S&P 500.

Analyst Recommendations

This is a summary of current ratings for TruGolf and its competitors, as reported by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
TruGolf	0	0	1	0	3.00
TruGolf Competitors	76	511	746	8	2.51

TruGolf currently has a consensus target price of $2.00, indicating a potential upside of 365.12%. As a group, “Sporting & athletic goods, not elsewhere classified” companies have a potential upside of 9.58%. Given TruGolf’s stronger consensus rating and higher probable upside, analysts clearly believe TruGolf is more favorable than its competitors.

Summary

TruGolf beats its competitors on 7 of the 13 factors compared.

About TruGolf

TruGolf Holdings, Inc., through its subsidiary, engages in the development and sale of indoor golf simulator hardware under the TruGolf Nevada brand for residential and commercial markets in the United States. It also provides E6 Connect software for use on other companies' hardware. The company was founded in 1982 and is headquartered in Centerville, Utah.