Symbols / TOYO Stock $11.28 -3.18% TOYO Co., Ltd.

Technology • Solar • Japan • NCM
TOYO (Stock) Chart
O: — H: — L: — C: — V: —
SMA 20: — SMA 50: — SMA 200: —
Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Technology
Industry Solar
CEO Mr. Takahiko Onozuka
Exch · Country NCM · Japan
Market Cap 425.92M
Enterprise Value 495.47M
Income 34.23M
Sales 427.38M
FCF (ttm) 63.52M
Book/sh 3.03
Cash/sh 1.41
Employees —
Insider 10d —
IPO Mar 17, 2022
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 0.00%
P/E 9.98
Forward P/E 2.78
PEG —
P/S 1.00
P/B 3.72
P/C —
EV/EBITDA 5.18
EV/Sales 1.16
Quick Ratio 0.21
Current Ratio 0.58
Debt/Eq 119.54
LT Debt/Eq —
EPS (ttm) 1.13
EPS next Y 4.06
EPS Growth 69.80%
Revenue Growth 6.42%
EPS Gr Q/Q 71.80%
Rev Gr Q/Q —
Earnings (next) 2026-03-31
Earnings (prior) 2026-03-31
ROA 10.83%
ROE 43.53%
ROIC —
Gross Margin 22.54%
Oper. Margin 17.12%
Profit Margin 9.28%
Shs Outstand 37.76M
Shs Float 8.45M
Insider Own 78.52%
Instit Own 0.46%
Short Float 1.22%
Short Ratio 2.50
Short Interest 444.67K
52W High 14.33
vs 52W High -21.28%
52W Low 2.58
vs 52W Low 337.21%
Beta 0.82
Impl. Vol. —
Rel Volume 1.41
Avg Volume 159.56K
Volume 224.51K
Target (mean) $16.50
Tgt Median $16.50
Tgt Low $15.00
Tgt High $18.00
# Analysts 2
Recom Strong_buy
Prev Close $11.65
Price $11.28
Change -3.18%
About

TOYO Co., Ltd. engages in the upstream production of wafer and silicon, midstream production of solar cell, downstream production of photovoltaic (PV) modules, and other stages of the solar power supply chain in Asia and the United States. It designs, manufactures, and sells solar cells, modules, and related products. TOYO Co., Ltd. was founded in 2022 and is headquartered in Tokyo, Japan.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$16.50
Mean price target
2. Current target
$11.28
Latest analyst target
3. DCF / Fair value
$30.28
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$11.28
Low
$15.00
High
$18.00
Mean
$16.50

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-04-02 init Roth Capital — → Buy $15
2026-01-15 init HC Wainwright & Co. — → Buy $18
News
RSS: Latest TOYO news
Insider Transactions

No recent insider transactions.

Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
427.38
+141.52%
176.96
+183.69%
62.38
0.00
Operating Revenue
427.38
+141.52%
176.96
+183.69%
62.38
0.00
Cost Of Revenue
331.05
+113.50%
155.06
+238.95%
45.75
0.00
Reconciled Cost Of Revenue
331.05
+113.50%
155.06
+238.95%
45.75
0.00
Gross Profit
96.34
+339.94%
21.90
+31.67%
16.63
0.00
Operating Expense
37.30
+186.09%
13.04
+180.41%
4.65
+2380.81%
0.19
Selling General And Administration
37.30
+186.09%
13.04
+180.41%
4.65
+2380.81%
0.19
Selling And Marketing Expense
5.92
+264.38%
1.63
+9151.26%
0.02
0.00
General And Administrative Expense
31.38
+174.94%
11.41
+146.38%
4.63
+2371.43%
0.19
Other Gand A
31.38
+174.94%
11.41
+146.38%
4.63
+2371.43%
0.19
Total Expenses
368.35
+119.13%
168.10
+233.55%
50.40
+26789.29%
0.19
Operating Income
59.04
+566.33%
8.86
-26.05%
11.98
+6492.50%
-0.19
Total Operating Income As Reported
59.04
+566.33%
8.86
-26.09%
11.99
+6495.70%
-0.19
EBITDA
98.63
+204.56%
32.38
+120.26%
14.70
+7990.07%
-0.19
Normalized EBITDA
99.97
+3781.39%
-2.72
-118.47%
14.70
+7990.07%
-0.19
Reconciled Depreciation
39.59
+68.31%
23.52
+764.26%
2.72
+252863.75%
0.00
EBIT
59.04
+566.33%
8.86
-26.05%
11.98
+6492.50%
-0.19
Total Unusual Items
-1.34
-103.82%
35.10
0.00
0.00
Total Unusual Items Excluding Goodwill
-1.34
-103.82%
35.10
0.00
0.00
Special Income Charges
-1.34
-103.82%
35.10
0.00
0.00
Restructuring And Mergern Acquisition
1.34
+103.82%
-35.10
0.00
0.00
Net Income
39.66
-2.35%
40.61
+310.69%
9.89
+5392.88%
-0.19
Pretax Income
52.52
+27.23%
41.28
+317.44%
9.89
+5392.88%
-0.19
Net Non Operating Interest Income Expense
-3.32
-1.66%
-3.26
-0.10%
-3.26
-559526.93%
0.00
Interest Expense Non Operating
—
—
3.26
—
Net Interest Income
-3.32
-1.66%
-3.26
-0.10%
-3.26
-559526.93%
0.00
Interest Expense
—
—
3.26
—
Other Income Expense
-3.20
-108.96%
35.69
+2966.70%
1.16
—
Other Non Operating Income Expenses
-1.85
-416.31%
0.59
-49.63%
1.16
—
Tax Provision
15.37
+1867.42%
0.78
0.00
0.00
Tax Rate For Calcs
0.00
+1446.31%
0.00
0.00
0.00
Tax Effect Of Unusual Items
-0.39
-159.11%
0.66
0.00
0.00
Net Income Including Noncontrolling Interests
37.15
-8.27%
40.50
+309.54%
9.89
+5392.88%
-0.19
Net Income From Continuing Operation Net Minority Interest
39.66
-2.35%
40.61
+310.69%
9.89
+5392.88%
-0.19
Net Income From Continuing And Discontinued Operation
39.66
-2.35%
40.61
+310.69%
9.89
+5392.88%
-0.19
Net Income Continuous Operations
37.15
-8.27%
40.50
+309.54%
9.89
+5392.88%
-0.19
Minority Interests
2.51
+2102.32%
0.11
0.00
0.00
Normalized Income
40.61
+557.27%
6.18
-37.52%
9.89
+5392.88%
-0.19
Net Income Common Stockholders
34.23
+2.10%
33.53
+239.03%
9.89
+5392.88%
-0.19
Otherunder Preferred Stock Dividend
5.43
-23.41%
7.09
0.00
0.00
Diluted EPS
1.13
+3.67%
1.09
+388.71%
0.22
+5392.74%
-0.00
Basic EPS
1.14
+4.59%
1.09
+388.71%
0.22
+5392.74%
-0.00
Basic Average Shares
30.10
-2.12%
30.75
-30.64%
44.34
+0.00%
44.34
Diluted Average Shares
30.33
-1.36%
30.75
-30.64%
44.34
+0.00%
44.34
Diluted NI Availto Com Stockholders
34.23
+2.10%
33.53
+239.03%
9.89
+5392.88%
-0.19
Total Other Finance Cost
3.32
+1.66%
3.26
+0.10%
3.26
+559526.93%
-0.00
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Assets
441.43
+84.08%
239.80
+0.64%
238.28
+2081.12%
10.92
Current Assets
171.85
+210.25%
55.39
-33.07%
82.75
+3906.56%
2.07
Cash Cash Equivalents And Short Term Investments
51.63
+278.15%
13.65
-24.29%
18.04
+773.20%
2.07
Cash And Cash Equivalents
51.63
+278.15%
13.65
-24.29%
18.04
+773.20%
2.07
Cash Financial
51.63
+278.15%
13.65
-24.29%
18.04
+773.20%
2.07
Receivables
11.75
-37.36%
18.75
0.00
—
Accounts Receivable
11.75
-37.36%
18.75
0.00
—
Gross Accounts Receivable
11.75
-37.36%
18.75
0.00
—
Allowance For Doubtful Accounts Receivable
0.00
0.00
0.00
—
Inventory
79.99
+300.25%
19.98
-50.04%
40.00
0.00
Raw Materials
37.25
+1022.63%
3.32
-86.56%
24.70
0.00
Finished Goods
42.74
+156.44%
16.67
+8.90%
15.30
0.00
Prepaid Assets
25.48
+6395.71%
0.39
-98.40%
24.55
0.00
Current Deferred Assets
—
—
—
0.00
Restricted Cash
0.71
-61.97%
1.88
+2185.14%
0.08
0.00
Other Current Assets
2.28
+214.82%
0.73
+746.11%
0.09
—
Total Non Current Assets
269.59
+46.19%
184.41
+18.57%
155.53
+1655.54%
8.86
Net PPE
255.00
+53.92%
165.67
+15.59%
143.32
+20047.72%
0.71
Gross PPE
309.43
+66.67%
185.66
+27.27%
145.88
+20407.11%
0.71
Accumulated Depreciation
-54.43
-172.29%
-19.99
-680.89%
-2.56
-15058547.06%
-0.00
Properties
0.00
0.00
0.00
0.00
Buildings And Improvements
83.34
+352.95%
18.40
+22.69%
15.00
0.00
Machinery Furniture Equipment
177.29
+47.36%
120.31
+39.56%
86.21
+24283055.77%
0.00
Construction In Progress
8.39
-18.74%
10.32
-76.62%
44.14
+8452.99%
0.52
Other Properties
34.35
-6.21%
36.63
+6720.41%
0.54
+175.50%
0.19
Leases
6.06
0.00
—
—
Non Current Deferred Assets
0.18
0.00
-100.00%
2.08
—
Non Current Deferred Taxes Assets
0.18
0.00
—
—
Non Current Prepaid Assets
7.61
-55.06%
16.93
+83.58%
9.22
+13.21%
8.15
Other Non Current Assets
6.80
+275.63%
1.81
+100.59%
0.90
—
Total Liabilities Net Minority Interest
330.18
+83.07%
180.36
-0.57%
181.39
+5795.72%
3.08
Current Liabilities
295.70
+136.50%
125.03
-26.10%
169.19
+5779.17%
2.88
Payables And Accrued Expenses
148.78
+79.13%
83.05
-40.55%
139.70
+4754.16%
2.88
Payables
148.78
+79.13%
83.05
-40.55%
139.70
+4754.16%
2.88
Accounts Payable
55.65
+215.64%
17.63
-52.64%
37.22
+3332.39%
1.08
Other Payable
15.42
+92.46%
8.01
+42.86%
5.61
+8196.24%
0.07
Total Tax Payable
15.39
+1869.50%
0.78
0.00
—
Income Tax Payable
15.39
+1869.50%
0.78
0.00
—
Current Debt And Capital Lease Obligation
38.99
+113.68%
18.25
+11962.43%
0.15
—
Current Debt
36.12
+123.97%
16.13
—
—
Other Current Borrowings
36.12
+123.97%
16.13
—
—
Current Capital Lease Obligation
2.87
+35.34%
2.12
+1300.83%
0.15
0.00
Current Deferred Liabilities
107.94
+354.80%
23.73
-19.13%
29.35
0.00
Current Deferred Revenue
107.94
+354.80%
23.73
-19.13%
29.35
0.00
Total Non Current Liabilities Net Minority Interest
34.47
-37.69%
55.33
+353.79%
12.19
+6035.45%
0.20
Long Term Debt And Capital Lease Obligation
34.47
-37.69%
55.33
+353.79%
12.19
+6035.45%
0.20
Long Term Debt
—
21.00
+77.67%
11.82
—
Long Term Capital Lease Obligation
34.47
+0.43%
34.33
+9109.78%
0.37
+87.56%
0.20
Stockholders Equity
111.26
+87.80%
59.24
+4.12%
56.90
+624.97%
7.85
Common Stock Equity
111.26
+87.80%
59.24
+4.12%
56.90
+624.97%
7.85
Capital Stock
0.00
+9.29%
0.00
-18.07%
0.00
+0.00%
0.00
Common Stock
0.00
+9.29%
0.00
-18.07%
0.00
+0.00%
0.00
Share Issued
36.71
-21.21%
46.60
+1.08%
46.10
+3.96%
44.34
Ordinary Shares Number
36.71
-21.21%
46.60
+1.08%
46.10
+3.96%
44.34
Additional Paid In Capital
28.78
+99.65%
14.41
-71.17%
50.00
+554.80%
7.64
Retained Earnings
89.98
+78.82%
50.32
+418.60%
9.70
+5292.88%
-0.19
Gains Losses Not Affecting Retained Earnings
-7.50
-36.58%
-5.49
-95.88%
-2.81
-808.99%
0.40
Minority Interest
0.00
-100.00%
0.20
0.00
—
Other Equity Adjustments
-7.50
-36.58%
-5.49
-95.88%
-2.81
-808.99%
0.40
Total Equity Gross Minority Interest
111.26
+87.17%
59.44
+4.47%
56.90
+624.97%
7.85
Total Capitalization
111.26
+38.65%
80.24
+16.77%
68.72
+775.57%
7.85
Working Capital
-123.86
-77.84%
-69.64
+19.43%
-86.44
-10540.07%
-0.81
Invested Capital
147.37
+52.93%
96.37
+40.24%
68.72
+775.57%
7.85
Total Debt
73.46
-0.15%
73.57
+496.04%
12.34
+6111.57%
0.20
Net Debt
—
23.47
—
—
Capital Lease Obligations
37.34
+2.46%
36.45
+6855.55%
0.52
+163.68%
0.20
Net Tangible Assets
111.26
+87.80%
59.24
+4.12%
56.90
+624.97%
7.85
Tangible Book Value
111.26
+87.80%
59.24
+4.12%
56.90
+624.97%
7.85
Dueto Related Parties Current
62.33
+10.06%
56.63
-41.54%
96.87
+5512.72%
1.73
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
132.99
+185.95%
46.51
+471.19%
-12.53
-124.18%
-5.59
Cash Flow From Continuing Operating Activities
132.99
+185.95%
46.51
+471.19%
-12.53
-124.18%
-5.59
Net Income From Continuing Operations
37.15
-8.27%
40.50
+309.54%
9.89
+5392.88%
-0.19
Depreciation Amortization Depletion
39.59
+68.31%
23.52
+764.26%
2.72
+252863.75%
0.00
Depreciation
39.59
+68.31%
23.52
+764.26%
2.72
+252863.75%
0.00
Depreciation And Amortization
39.59
+68.31%
23.52
+764.26%
2.72
+252863.75%
0.00
Other Non Cash Items
1.51
+104.36%
-34.54
-19268.66%
0.18
+509.31%
0.03
Stock Based Compensation
13.70
+2150.33%
0.61
0.00
0.00
Asset Impairment Charge
2.86
+12.86%
2.54
0.00
0.00
Deferred Tax
-0.18
0.00
0.00
—
Deferred Income Tax
-0.18
0.00
0.00
—
Operating Gains Losses
—
—
0.01
—
Gain Loss On Sale Of PPE
0.00
0.00
-100.00%
0.01
0.00
Change In Working Capital
38.35
+176.33%
13.88
+154.78%
-25.33
-366.33%
-5.43
Change In Receivables
6.60
+136.40%
-18.12
0.00
0.00
Changes In Account Receivables
6.60
+136.40%
-18.12
0.00
0.00
Change In Inventory
-63.36
-498.93%
15.88
+139.00%
-40.73
0.00
Change In Prepaid Assets
-25.10
-207.36%
23.38
+193.54%
-25.00
-213.06%
-7.98
Change In Payables And Accrued Expense
37.45
+6943.15%
-0.55
-105.09%
10.75
+321.74%
2.55
Change In Payable
37.45
+6943.15%
-0.55
-105.09%
10.75
+321.74%
2.55
Change In Account Payable
9.61
+216.72%
3.03
+45.90%
2.08
+160.46%
0.80
Change In Other Working Capital
84.29
+1920.38%
-4.63
-115.50%
29.88
—
Change In Other Current Assets
-1.65
-3.49%
-1.60
-1354.58%
-0.11
0.00
Change In Other Current Liabilities
0.13
+126.51%
-0.49
-269.51%
-0.13
-5088.82%
0.00
Investing Cash Flow
-98.40
-123.42%
-44.04
+61.45%
-114.24
-46731.65%
-0.24
Cash Flow From Continuing Investing Activities
-98.40
-123.42%
-44.04
+61.45%
-114.24
-46731.65%
-0.24
Net PPE Purchase And Sale
-91.75
-108.32%
-44.04
+61.45%
-114.24
-46731.65%
-0.24
Purchase Of PPE
-91.75
-108.32%
-44.04
+61.45%
-114.24
-46731.65%
-0.24
Capital Expenditure
-91.75
-108.32%
-44.04
+61.45%
-114.24
-46731.65%
-0.24
Net Business Purchase And Sale
-6.65
0.00
0.00
—
Purchase Of Business
-6.65
0.00
0.00
—
Financing Cash Flow
9.10
+535.45%
-2.09
-101.43%
146.15
+1813.10%
7.64
Cash Flow From Continuing Financing Activities
9.10
+535.45%
-2.09
-101.43%
146.15
+1813.10%
7.64
Net Issuance Payments Of Debt
5.44
+177.98%
-6.98
-106.61%
105.61
0.00
Issuance Of Debt
68.68
-2.81%
70.66
-33.09%
105.61
0.00
Repayment Of Debt
-63.24
+18.55%
-77.64
0.00
0.00
Long Term Debt Issuance
68.68
-2.81%
70.66
-33.09%
105.61
0.00
Long Term Debt Payments
-63.24
+18.55%
-77.64
0.00
0.00
Net Long Term Debt Issuance
5.44
+177.98%
-6.98
-106.61%
105.61
0.00
Net Common Stock Issuance
4.00
-33.45%
6.01
-85.81%
42.36
+454.50%
7.64
Net Other Financing Charges
-0.34
+69.76%
-1.12
+38.13%
-1.82
—
Changes In Cash
43.69
+11616.64%
0.37
-98.08%
19.38
+972.74%
1.81
Effect Of Exchange Rate Changes
-1.97
+11.08%
-2.22
+9.31%
-2.45
-1046.35%
0.26
Beginning Cash Position
17.15
-9.73%
19.00
+819.78%
2.07
0.00
End Cash Position
58.86
+243.22%
17.15
-9.73%
19.00
+819.78%
2.07
Free Cash Flow
41.24
+1574.51%
2.46
+101.94%
-126.77
-2073.40%
-5.83
Interest Paid Supplemental Data
1.95
-41.06%
3.32
0.00
0.00
Income Tax Paid Supplemental Data
0.94
0.00
0.00
0.00
Change In Income Tax Payable
14.61
+1769.50%
0.78
0.00
0.00
Change In Tax Payable
14.61
+1769.50%
0.78
0.00
0.00
Common Stock Issuance
4.00
-33.45%
6.01
-85.81%
42.36
+454.50%
7.64
Issuance Of Capital Stock
4.00
-33.45%
6.01
-85.81%
42.36
+454.50%
7.64
SEC Filings

No SEC filings found for this symbol (may be non-US or ticker not in SEC index).

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