TOYO Co Ltd (TOYO) AI Stock Analysis

• Market Cap: $252.45M
• Dividend Yield: N/A
• Average Volume (3M): 69.76K
• Price to Earnings (P/E): 9.8
• Beta (1Y): -0.43
• 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: 89,087
• 30 Day Avg. Volume: 69,762
• 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: 0.68
• 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

• Rating: 68 Neutral
• Price Target: $7.00 ▼(-9.68% Downside)

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.

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 improved net profitability. However, declining gross margins, increased leverage, and weak cash flow performance raise concerns about financial stability.

Income Statement

TOYO Co Ltd has shown impressive revenue growth of 34.69% in the latest annual report, indicating strong market demand and expansion. However, the gross profit margin has decreased from 26.66% to 12.37%, suggesting increased cost pressures or pricing challenges. The net profit margin improved significantly to 23.11%, driven by a substantial net income increase, which is a positive sign of profitability. EBIT and EBITDA margins have declined, indicating potential operational inefficiencies.

Balance Sheet

The company's debt-to-equity ratio increased to 1.24, reflecting higher leverage and potential financial risk. The return on equity is currently at 0%, which is concerning as it indicates no return on shareholders' investments. The equity ratio stands at 24.71%, showing a moderate level of financial stability but also highlighting the reliance on debt financing.

Cash Flow

TOYO Co Ltd's cash flow performance is weak, with a significant decline in free cash flow growth by -108.71%. The operating cash flow to net income ratio is low at 0.37, indicating challenges in converting income into cash. The free cash flow to net income ratio is also low at 0.05, suggesting limited cash generation relative to net income.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2021
Income Statement
Total Revenue	177.98M	177.00M	62.38M	0.00
Gross Profit	18.34M	21.90M	16.63M	0.00
EBITDA	19.98M	9.20M	14.59M	-246.89K
Net Income	24.42M	40.90M	9.89M	-246.89K
Balance Sheet
Total Assets	353.62M	239.80M	238.28M	93.86M
Cash, Cash Equivalents and Short-Term Investments	28.19M	13.65M	18.04M	276.28K
Total Debt	149.35M	73.57M	12.34M	0.00
Total Liabilities	283.38M	180.36M	181.39M	3.30M
Stockholders Equity	67.01M	59.24M	56.90M	90.56M
Cash Flow
Free Cash Flow	-9.83M	2.46M	-126.77M	-182.13K
Operating Cash Flow	64.75M	46.51M	-12.53M	-182.13K
Investing Cash Flow	-74.65M	-44.04M	-114.24M	-92.92M
Financing Cash Flow	3.07M	-2.09M	146.15M	93.38M

TOYO Co Ltd Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 7.75
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TOYO, the sentiment is Positive. The current price of 7.75 is above the 20-day moving average (MA) of 7.18, above the 50-day MA of 6.24, and above the 200-day MA of 4.12, indicating a neutral trend. The MACD of 0.31 indicates Positive momentum. The RSI at 56.42 is Neutral, neither overbought nor oversold. The STOCH value of 11.49 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TOYO.

TOYO Co Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TOYO	―	$252.45M	9.81	34.94%	―	―	―
Sector *	―	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
FTCI	―	$130.01M	―	-175.83%	―	-17.53%	8.53%
TYGO	―	$153.83M	―	-177.48%	―	97.41%	11.83%
SOL	―	$94.43M	―	-1.27%	―	-33.44%	81.60%
ZEO	―	$94.89M	―	―	―	86.59%	55.95%
SPWR	―	$175.36M	-3.13	―	―	308.47%	76.84%

TOYO Co Ltd Corporate Events

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.

TOYO Co., Ltd Secures $60 Million Photovoltaic Module Deal

On July 2, 2025, TOYO Solar Texas LLC, a subsidiary of TOYO Co., Ltd, entered into a significant module supply and purchase agreement with New Leaf Energy Buyer, Inc. This agreement involves the sale of 380,380 photovoltaic modules for approximately $60 million, with the contract set to expire on December 31, 2025. TOYO Co., Ltd has also provided a parent guaranty to support its subsidiary’s obligations under this agreement. This deal is expected to enhance TOYO’s market presence and operational capacity in the renewable energy sector.