TOYO Co Ltd (TOYO) AI Stock Analysis

• Market Cap: $218.56M
• Dividend Yield: N/A
• Average Volume (3M): 18.97K
• Price to Earnings (P/E): 8.8
• Beta (1Y): -0.34
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: US
• Employees: 528
• Sector: Technology
• Sector Strength: 88
• Industry: Solar
• EPS (TTM): 0.10
• Shares Outstanding: 35,308,040
• 10 Day Avg. Volume: 25,845
• 30 Day Avg. Volume: 18,968
• PEG Ratio: <0.01
• Price to Book (P/B): 2.34
• Price to Sales (P/S): 0.78
• P/FCF Ratio: 56.27
• Enterprise Value/Market Cap: 0.79
• Enterprise Value/Revenue: 0.97
• Enterprise Value/Gross Profit: 9.37
• Enterprise Value/Ebitda: 8.60
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 68 Neutral
• Price Target: $7.00 ▲(11.46% Upside)

TOYO Co Ltd's stock score is primarily driven by strong technical indicators, suggesting bullish momentum. However, financial performance challenges, including declining profit margins and increased leverage, weigh down the score. The valuation is reasonable, supporting the stock's potential for growth.

Positive Factors

Revenue Growth

The robust revenue growth rate indicates TOYO's successful expansion in its core markets, enhancing its competitive position and long-term sustainability.

Strategic Acquisitions

The acquisition of the VSUN brand is expected to enhance TOYO's market credibility and customer confidence, supporting long-term growth in the solar sector.

Expansion of Manufacturing Capacity

Expanding manufacturing capacity in Ethiopia provides a compelling cost structure and access to green power, strengthening TOYO's market position.

Negative Factors

Declining Profit Margins

The decline in profit margins due to increased raw material costs poses a challenge to maintaining profitability, impacting long-term financial health.

Increased Leverage

Higher leverage increases financial risk and may limit TOYO's ability to invest in growth opportunities, affecting long-term stability.

Cash Flow Challenges

Negative free cash flow indicates cash generation issues, which could constrain TOYO's ability to fund operations and growth initiatives in the long term.

TOYO Co Ltd Business Overview & Revenue Model

Company Description

TOYO Co Ltd (TOYO) is a leading company specializing in the manufacturing and distribution of high-quality industrial materials and products. Operating primarily in the sectors of automotive, electronics, and construction, TOYO offers an extensive range of products including adhesives, coatings, and specialty chemicals. The company is known for its commitment to innovation and sustainability, providing solutions that meet the evolving needs of its diverse clientele.

How the Company Makes Money

TOYO generates revenue through multiple streams including the sale of its core products such as adhesives and coatings to various industries like automotive and electronics. The company also engages in long-term contracts with major manufacturers, ensuring a steady income from consistent orders. Additionally, TOYO benefits from strategic partnerships with key players in the construction and manufacturing sectors, which enhance its market reach and product offerings. Research and development initiatives lead to new product launches, further driving sales and expanding their customer base.

TOYO Co Ltd Financial Statement Overview

Summary

TOYO Co Ltd shows strong revenue growth and positive EBITDA, but faces challenges with declining profit margins and increased leverage. The balance sheet indicates higher financial risk due to increased debt levels, and cash flow metrics highlight cash generation issues despite positive growth in free cash flow.

Income Statement

TOYO Co Ltd shows a strong revenue growth rate of 28.9% in the TTM, indicating robust top-line expansion. However, the gross profit margin has decreased from 12.37% to 10.30%, and the net profit margin has also declined from 23.11% to 13.72%. The negative EBIT margin of -2.20% in the TTM suggests operational challenges, although the EBITDA margin remains positive at 11.22%.

Balance Sheet

The company's debt-to-equity ratio has increased significantly to 2.23 in the TTM, indicating higher leverage and potential financial risk. Return on equity has decreased from 69.04% to 38.68%, reflecting reduced profitability on equity. The equity ratio stands at 18.96%, suggesting moderate equity financing relative to total assets.

Cash Flow

TOYO Co Ltd's free cash flow growth rate is positive at 166.88% in the TTM, but the free cash flow remains negative, indicating cash flow challenges. The operating cash flow to net income ratio is 0.26, showing limited cash generation relative to net income. The free cash flow to net income ratio is negative, highlighting cash flow issues.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	177.98M	177.00M	62.38M	0.00	0.00
Gross Profit	18.34M	21.90M	16.63M	0.00	0.00
EBITDA	19.98M	32.44M	14.59M	-1.12M	-246.89K
Net Income	24.42M	40.90M	9.89M	2.18M	-246.89K
Balance Sheet
Total Assets	353.62M	239.80M	238.28M	70.72M	93.86M
Cash, Cash Equivalents and Short-Term Investments	28.19M	13.65M	18.04M	746.00	276.28K
Total Debt	149.35M	73.57M	104.24M	198.72K	0.00
Total Liabilities	283.38M	180.36M	181.39M	5.39M	3.30M
Stockholders Equity	67.01M	59.24M	56.90M	7.85M	90.56M
Cash Flow
Free Cash Flow	-9.83M	2.46M	-126.77M	-2.24M	-182.13K
Operating Cash Flow	64.75M	46.51M	-12.53M	-778.98K	-182.13K
Investing Cash Flow	-74.65M	-44.04M	-114.24M	26.04M	-92.92M
Financing Cash Flow	3.07M	-2.09M	146.15M	-25.53M	93.38M

TOYO Co Ltd Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 6.28
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TOYO, the sentiment is Negative. The current price of 6.28 is below the 20-day moving average (MA) of 6.43, below the 50-day MA of 6.86, and above the 200-day MA of 4.75, indicating a neutral trend. The MACD of -0.12 indicates Positive momentum. The RSI at 44.49 is Neutral, neither overbought nor oversold. The STOCH value of 27.52 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TOYO.

TOYO Co Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TOYO	68 Neutral	$218.56M	8.77	34.94%	―	―	―
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
FTCI	59 Neutral	$155.98M	―	-664.69%	―	39.53%	-7.16%
SOL	56 Neutral	―	―	-2.90%	―	-29.98%	-13.97%
TYGO	54 Neutral	$104.82M	-2.37	-177.48%	―	97.41%	11.83%
ZEO	45 Neutral	$56.57M	-1.33	―	―	27.17%	57.71%
SPWR	40 Underperform	$141.28M	-2.58	―	―	308.47%	76.84%

TOYO Co Ltd Corporate Events

TOYO Co., Ltd Announces December 2025 Annual General Meeting

TOYO Co., Ltd, a company incorporated in the Cayman Islands and listed on NASDAQ, has announced its upcoming annual general meeting of shareholders scheduled for December 9, 2025. The meeting will be held virtually, and shareholders will vote on the ratification of Marcum Asia CPAs LLP as the independent registered public accounting firm for the fiscal years ending December 31, 2024, and December 31, 2025. The board also seeks approval to adjourn the meeting if necessary to gather more votes. The record date for determining shareholder eligibility to vote is October 23, 2025.

TOYO Co., Ltd Acquires VSUN Trademarks to Enhance Solar Energy Portfolio

On September 4, 2025, TOYO Co., Ltd and its subsidiary Toyo Solar Company Limited entered into a trademark purchase agreement with Vietnam Sunergy Europe GmbH and Vietnam Sunergy Joint Stock Company to acquire the ‘VSUN’ trademarks registered in 12 jurisdictions for $340,000. Following this acquisition, on September 12, 2025, TOYO Group granted a one-year license back to VSUN for the use of these trademarks in their business operations. This strategic acquisition and licensing arrangement is expected to enhance TOYO’s market presence and operational capabilities in the solar energy sector.

TOYO Co., Ltd Reports Interim Financial Results for June 2025

TOYO Co., Ltd has released its unaudited interim financial statements for the six months ending June 30, 2025. The company reported total revenues of $139.1 million, with a slight increase from the previous year’s $138.1 million. The financial results indicate a shift in revenue sources, with a significant increase in third-party revenues and a decrease in related party revenues. The company’s total assets have grown to $353.6 million from $239.8 million at the end of 2024, reflecting substantial increases in both current and non-current assets. This financial performance suggests a strategic realignment in TOYO’s operations, potentially impacting its market positioning and stakeholder interests.

TOYO Co., Ltd Expands U.S. Market Presence with VSUN Acquisition and New Facilities

On September 8, 2025, TOYO Co., Ltd announced its unaudited financial results for the first half of 2025, highlighting strategic growth initiatives. The company has expanded its manufacturing capabilities with a new solar cell facility in Ethiopia, which began production in April 2025, and a module assembly plant in Texas. The acquisition of the VSUN brand is set to enhance TOYO’s market presence in the U.S., leveraging VSUN’s established customer base and reputation. This strategic move is expected to strengthen TOYO’s competitive position and revenue potential in the solar energy market.