TOYO Co., Ltd. (TOYO) is a publicly traded company in the Energy — Solar industry listed on NASDAQ. This overview shows the latest price, key valuation ratios, profitability metrics and financial-health indicators used by fundamental investors.
TOYO Co., Ltd. participates across the full solar energy supply chain. Its operations encompass the initial upstream stages of wafer and silicon manufacturing, the midstream production of solar cells, and the final downstream assembly of photovoltaic (PV) modules. The company notably specializes in producing these solar PV modules. Founded in 2022, TOYO is headquartered in Tokyo, Japan.
Analysis Summary
Trailing-twelve-month margins: gross margin 28.8%, operating margin 19.7%, net margin 14.9%.
At the current price of $4.33, TOYO trades at a P/E of 1.83 and an ROE of 57.34%. Market capitalisation stands at $185M.
Balance sheet quality for TOYO: current ratio of 0.6, net debt of $21.8M. A debt-to-equity below 1.0 typically signals conservative capital structure, while a current ratio above 1.5 indicates comfortable short-term liquidity.
Cash flow quality is strong: free cash flow of $41.2M represents 104% conversion of reported net income. High conversion (above 90%) suggests earnings translate cleanly into cash; lower conversion may indicate working capital tightness or accounting timing differences.
Price
| Price | $4.33 |
| Market Cap | $185M |
| Exchange | NASDAQ |
| Country | JP |
Valuation Ratios
| P/E Ratio | 1.83 |
| Price / Book | 0.79 |
| EV / EBITDA | 0.98 |
| Dividend Yield | 0.00% |
Profitability
| Return on Equity | 57.34% |
| Return on Invested Capital | 26.28% |
| Return on Assets | 15.26% |
| Gross Margin | 28.76% |
| Operating Margin | 19.70% |
| Net Margin | 14.93% |
Financial Health
| Debt / Equity | 0.30 |
| Current Ratio | 1.12 |
| Piotroski F-Score | 8 |
| Altman Z-Score | 1.68 |
What to look at in Energy companies
- FCF yield (>8%) — Cash generated / market cap. In energy FCF beats EPS.
- ROIC 5y avg (>=10%) — Include good and bad years to filter the truly disciplined.
- Positive FCF in 8 of last 10y (>=8/10) — Disciplined names (XOM, CVX, EOG) survive 2014-16 and 2020 crashes.
- Dividend coverage (FCF / div) (>=1.2x) — Dividend covered by FCF, not borrowed. <1x = likely cut.
- Net Debt / EBITDA (<2x at peak) — Look at it with trough EBITDA, not the peak.
- Capex / Revenue (10-20% healthy) — Energy needs aggressive reinvestment to maintain reserves.
Peer Comparison
| Symbol | Company | Market Cap | P/E | P/B | ROE |
|---|---|---|---|---|---|
| TOYO | TOYO Co., Ltd. | $185M | 1.83 | 0.79 | 57.3% |
| FSLR | First Solar, Inc. | $21.6B | 12.08 | 2.05 | 18.0% |
| 0R06.L | First Solar, Inc. | $21.6B | |||
| NXT | Nextpower Inc. | $12.6B | 20.54 | 4.82 | 26.3% |
| ENPH | Enphase Energy, Inc. | $4.8B | 35.67 | 4.05 | |
| 0QYE.L | Enphase Energy, Inc. | $4.8B | 23.79 | 3.76 | 15.8% |
| 0L7S.L | SolarEdge Technologies, Inc. | $2.2B | |||
| SEDG | SolarEdge Technologies, Inc. | $2.2B | 5.37 |
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Explore sector: Energy · Solar
More sections of TOYO: Financials · Valuation · Statistics · Estimates · Technical · Ownership · News · Events
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