(TOYO) TOYO Co., Ordinary Shares - Overview
Sector: Technology | Industry: Solar | Exchange: NASDAQ (USA) | Market Cap: 478m USD | Total Return: 329% in 12m
Solar Cells, Solar Modules, Silicon Wafers, Photovoltaic Products
Total Rating 55
Safety 55
Buy Signal 2.08
Solar
Industry Rotation: +27.5
Industry Rotation: +27.5
Market Cap:
478M
Avg Turnover: 2.68M
Avg Turnover: 2.68M
Risk 3d forecast
Volatility168%
VaR 5th Pctl25.0%
VaR vs Median-10.5%
Reward TTM
Sharpe Ratio2.16
Rel. Str. IBD98.4
Rel. Str. Peer Group92.9
Character TTM
Beta-0.025
Beta Downside-1.800
Hurst Exponent0.528
Drawdowns 3y
Max DD82.18%
CAGR/Max DD0.40
CAGR/Mean DD0.72
Warnings
Share dilution 79.1% YoY
Altman Z'' -0.64 < 1.0 - financial distress zone
Tailwinds
Leader, Tailwind, Pullback 52w, Confidence
Description: TOYO TOYO Co., Ordinary Shares
TOYO Co., Ltd. is a Japan-based solar energy provider that operates across the entire photovoltaic value chain, from upstream silicon and wafer production to downstream module manufacturing. Founded in 2022, the company serves markets in Asia and the United States by designing and selling solar cells and related components.
The solar industry typically utilizes a vertically integrated business model to mitigate supply chain volatility and capture margins at multiple stages of production. As a participant in the Electrical Components & Equipment sector, TOYO competes in a capital-intensive market driven by global shifts toward renewable energy infrastructure.
Investors may find it useful to examine ValueRay for deeper insights into the companys valuation and market positioning.
- Expansion of vertically integrated solar supply chain improves manufacturing margins
- U.S. solar import tariffs and trade policy impact export profitability
- Fluctuations in global silicon and wafer prices dictate production costs
- Strategic penetration into the United States utility-scale photovoltaic market
- Regulatory shifts in renewable energy subsidies influence long-term demand volume
Piotroski VR‑10 (Strict)
6.0
| Net Income: 23.7m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.01 > 0.02 and ΔFCF/TA 29.17 > 1.0 |
| NWC/Revenue: -54.42% < 20% (prev -53.00%; Δ -1.43% < -1%) |
| CFO/TA 0.14 > 3% & CFO 63.3m > Net Income 23.7m |
| Net Debt (21.8m) to EBITDA (38.0m): 0.57 < 3 |
| Current Ratio: 0.58 > 1.5 & < 3 |
| Outstanding Shares: last fiscal year (30.3m) vs prev -1.36% < -2% |
| Gross Margin: 14.95% > 18% (prev 0.23%; Δ 1.47k% > 0.5%) |
| Asset Turnover: 66.82% > 50% (prev 54.80%; Δ 12.01% > 0%) |
| Interest Coverage Ratio: 4.14 > 6 (EBITDA TTM 38.0m / Interest Expense TTM 3.41m) |
Altman Z''
-0.64
| A: -0.28 (Total Current Assets 171.8m - Total Current Liabilities 295.7m) / Total Assets 441.4m |
| B: 0.20 (Retained Earnings 90.0m / Total Assets 441.4m) |
| C: 0.04 (EBIT TTM 14.1m / Avg Total Assets 340.6m) |
| D: 0.25 (Book Value of Equity 82.5m / Total Liabilities 330.2m) |
| Altman-Z'' Score: -0.64 = B |
Beneish M
-2.99
| DSRI: 0.36 (Receivables 11.7m/18.8m, Revenue 227.6m/131.4m) |
| GMI: 1.52 (GM 14.95% / 22.80%) |
| AQI: 0.42 (AQ_t 0.03 / AQ_t-1 0.08) |
| SGI: 1.73 (Revenue 227.6m / 131.4m) |
| TATA: -0.09 (NI 23.7m - CFO 63.3m) / TA 441.4m) |
| Beneish M-Score: -2.99 (Cap -4..+1) = A |
What is the price of TOYO shares?
As of May 19, 2026, the stock is trading at USD 14.80 with a total of 827,917 shares traded.
Over the past week, the price has changed by +9.96%, over one month by +10.28%, over three months by +82.04% and over the past year by +328.99%.
Over the past week, the price has changed by +9.96%, over one month by +10.28%, over three months by +82.04% and over the past year by +328.99%.
Is TOYO a buy, sell or hold?
TOYO Co., Ordinary Shares has no consensus analysts rating.
What are the forecasts/targets for the TOYO price?
| Analysts Target Price | 16.5 | 11.5% |
TOYO Co., Ordinary Shares (TOYO) - Fundamental Data Overview
as of 19 May 2026
P/E Trailing = 11.2124 P/E Forward = 4.7461
P/S = 1.1194
P/B = 3.8181
Revenue TTM = 227.6m USD
EBIT TTM = 14.1m USD
EBITDA TTM = 38.0m USD
Long Term Debt = 37.3m USD (from capitalLeaseObligations, last fiscal year)
Short Term Debt = 39.0m USD (from shortTermDebt, last quarter)
Debt = 73.5m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 21.8m USD (from netDebt column, last quarter)
Enterprise Value = 500.2m USD (478.4m + Debt 73.5m - CCE 51.6m)
Interest Coverage Ratio = 4.14 (Ebit TTM 14.1m / Interest Expense TTM 3.41m)
EV/FCF = -85.49x (Enterprise Value 500.2m / FCF TTM -5.85m)
FCF Yield = -1.17% (FCF TTM -5.85m / Enterprise Value 500.2m)
FCF Margin = -2.57% (FCF TTM -5.85m / Revenue TTM 227.6m)
Net Margin = 10.42% (Net Income TTM 23.7m / Revenue TTM 227.6m)
Gross Margin = 14.95% ((Revenue TTM 227.6m - Cost of Revenue TTM 193.6m) / Revenue TTM)
Gross Margin QoQ = 16.59% (prev 16.59%)
Tobins Q-Ratio = 1.13 (Enterprise Value 500.2m / Total Assets 441.4m)
Interest Expense / Debt = 1.21% (Interest Expense 889k / Debt 73.5m)
Taxrate = 29.26% (15.4m / 52.5m)
NOPAT = 9.98m (EBIT 14.1m * (1 - 29.26%))
Current Ratio = 0.58 (Total Current Assets 171.8m / Total Current Liabilities 295.7m)
Debt / Equity = 0.66 (Debt 73.5m / totalStockholderEquity, last quarter 111.3m)
Debt / EBITDA = 0.57 (Net Debt 21.8m / EBITDA 38.0m)
Debt / FCF = -3.73 (negative FCF - burning cash) (Net Debt 21.8m / FCF TTM -5.85m)
Total Stockholder Equity = 89.1m (last 4 quarters mean from totalStockholderEquity)
RoA = 6.96% (Net Income 23.7m / Total Assets 441.4m)
RoE = 26.61% (Net Income TTM 23.7m / Total Stockholder Equity 89.1m)
RoCE = 11.15% (EBIT 14.1m / Capital Employed (Equity 89.1m + L.T.Debt 37.3m))
RoIC = 7.96% (NOPAT 9.98m / Invested Capital 125.3m)
WACC = 5.22% (E(478.4m)/V(551.9m) * Re(5.89%) + D(73.5m)/V(551.9m) * Rd(1.21%) * (1-Tc(0.29)))
Discount Rate = 5.89% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.92%
Shares (quarterly) Correlation: -30.68 | Cagr: -4.79%
[DCF] Fair Price = unknown (Cash Flow -5.85m)
EPS Correlation: 61.91 | EPS CAGR: 57.96% | SUE: N/A | # QB: 0
Revenue Correlation: 41.12 | Revenue CAGR: 70.69% | SUE: N/A | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.69 | Chg30d=N/A | Revisions=N/A | Analysts=1
EPS current Year (2026-12-31): EPS=2.37 | Chg30d=+11.27% | Revisions=-20% | GrowthEPS=+109.7% | GrowthRev=+94.8%
EPS next Year (2027-12-31): EPS=3.77 | Chg30d=+4.57% | Revisions=-20% | GrowthEPS=+59.3% | GrowthRev=+32.9%
[Analyst] Revisions Ratio: -20%