TOYO Co., Ltd. is a solar technology company focused on the production and sale of products across the photovoltaic value chain. The company operates in upstream wafer and silicon production, midstream solar cell manufacturing, and downstream photovoltaic module assembly, giving it a vertically integrated role in the solar supply chain. Its business centers on delivering solar cells, modules, and related products for use in renewable energy applications. TOYO Co., Ltd. serves markets in Asia and the United States, where it supports customers involved in solar power development, distribution, and deployment. Headquartered in Tokyo, Japan, the company is positioned as a specialized participant in the global solar industry, combining manufacturing and product development activities to supply core components used in clean energy systems.
Valuation & Multiples
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (FY)
$427M
▲ +141.5% YoY
Net Income (FY)
$37M
▼ -8.3% YoY
Op. Margin
13.81%
▲ +8.8pp YoY
ROIC
26.29%
▲ +17.7pp YoY
Cash Flow & Balance Sheet
FCF (FY)
$41M
▲ +1574.5% YoY
Op. Cash Flow (FY)
$133M
▲ +450.2% YoY
Net Debt
$22M
Cash & Equiv.
$52M
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Peers
Solar · Pick stocks to compare with TOYO
Held by ETFs
TOYO is in 3 US ETFs. The largest of them, with TOYO's weight in each:
TOYO Co. (TOYO) in four numbers
Questions about TOYO Co.
Is TOYO Co. (TOYO) overvalued?
At $5.18, TOYO Co.'s price is 64% below the $14.38 a share fair value that Intrinsiqq's calculator gets from its earnings. It trades at 5.29 times earnings and 4.84 times free cash flow. The growth behind that figure is yours to set on the Intrinsic Value tab. See how to tell if a stock is overvalued.
What is TOYO Co.'s fair value?
Intrinsiqq's calculator puts TOYO Co.'s fair value at $14.38 a share. It grows earnings per share 20% a year for 5 years, applies an exit P/E of 9.5, and works back at a 10% yearly return. A 25% margin of safety gives a buy-below price of $10.79. Every input can be changed on the Intrinsic Value tab.
Is TOYO Co. a high-quality business?
TOYO Co. scores 66 out of 100 on Intrinsiqq's quality score, which makes it a solid business on these measures. The score blends 6 checks computed from company filings. Its best check is cash flow growth at 1574.5%, and its weakest is net debt at $22M. The Quality tab shows every check against its target.
Does TOYO Co. (TOYO) pay a dividend?
No. TOYO Co. (TOYO) does not pay a dividend, and no dividend payment appears anywhere in the filing history we hold. Nor has its share count fallen meaningfully over the last twelve months, so cash is kept in the business. The Dividends tab shows its cash returns.
Source: company filings. Price: last close 4 Nov 2026. How this is calculated. Sector medians are approximate S&P 500 benchmarks and update periodically. Analysis, not investment advice.
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Data sourced from company filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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