Critical Comparison: Wetouch Technology (WETH) and Its Peers

Institutional and Insider Ownership

62.2% of shares of all “COMP – SOFTWARE” companies are owned by institutional investors. 25.3% of Wetouch Technology shares are owned by company insiders. Comparatively, 12.2% of shares of all “COMP – SOFTWARE” companies are owned by company 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 Wetouch Technology and its peers’ net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Wetouch Technology	14.27%	N/A	N/A
Wetouch Technology Competitors	-4.16%	23.46%	6.89%

Risk & Volatility

Wetouch Technology has a beta of -0.47, suggesting that its stock price is 147% less volatile than the S&P 500. Comparatively, Wetouch Technology’s peers have a beta of 3.30, suggesting that their average stock price is 230% more volatile than the S&P 500.

Earnings & Valuation

This table compares Wetouch Technology and its peers revenue, earnings per share and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
Wetouch Technology	$42.28 million	$6.03 million	2.61
Wetouch Technology Competitors	$14.77 billion	$4.15 billion	33.37

Wetouch Technology’s peers have higher revenue and earnings than Wetouch Technology. Wetouch Technology 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.

Summary

Wetouch Technology peers beat Wetouch Technology on 7 of the 9 factors compared.

Wetouch Technology Company Profile

Wetouch Technology Inc. engages in the research, development, manufacture, sale, and servicing of medium to large sized projected capacitive touchscreens in the Peoples Republic of China, Taiwan, South Korea, and internationally. The company offers various touch panels, including glass-glass, which are primarily used in GPS/car entertainment panels in mid-size and luxury cars, industrial human-machine interface (HMI), financial and banking terminals, point of sale, and lottery machines; glass-film-film products that are used in GPS and entertainment panels, industrial HMI, financial and banking terminals, lottery, and gaming industry; plastic-glass for use in GPS/entertainment panels, motor vehicle GPS, smart home products, robots, and charging stations; and glass-films used in industrial HMI. Wetouch Technology Inc. was founded in 2011 and is based in Meishan, China.