TOYO Co., Ltd. (TOYO) Financial Ratios
4 years of historical data (2021–2024) · Energy · Solar
EV/EBITDA
13.08
↑+114% vs avg
5yr avg: 6.12
30Y Low6.1·High6.1
P/FCF
147.89
↑+163% vs avg
5yr avg: 56.27
30Y Low56.3·High56.3
P/B Ratio
7.48
↑+221% vs avg
5yr avg: 2.33
30Y Low2.3·High2.3
ROE
↑
70.3%
↓+216% vs avg
5yr avg: 22.3%
30Y Low-0%·High70%
Debt/EBITDA
↓
2.27
↓-52% vs avg
5yr avg: 4.71
30Y Low2.3·High7.1
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
TOYO Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
TOYO Co., Ltd. trades at 10.8x earnings, 221% above its 5-year average of 3.4x, sitting at the 100th percentile of its historical range. Compared to the Energy sector median P/E of 16.8x, the stock trades at a discount of 35%. On a free-cash-flow basis, the stock trades at 147.9x P/FCF, 163% above the 5-year average of 56.3x.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Market Cap | $364M | $139M | — | — | — |
| Enterprise Value | $424M | $198M | — | — | — |
| P/E Ratio → | 10.84 | 3.38 | — | — | — |
| P/S Ratio | 2.06 | 0.78 | — | — | — |
| P/B Ratio | 7.48 | 2.33 | — | — | — |
| P/FCF | 147.89 | 56.27 | — | — | — |
| P/OCF | 7.83 | 2.98 | — | — | — |
P/E links to full P/E history page with 30-year chart
TOYO EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
TOYO Co., Ltd.'s enterprise value stands at 13.1x EBITDA, 114% above its 5-year average of 6.1x. The Energy sector median is 8.1x, placing the stock at a 62% premium on an enterprise-value basis.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| EV / Revenue | — | 1.12 | — | — | — |
| EV / EBITDA | 13.08 | 6.12 | — | — | — |
| EV / EBIT | 46.10 | 21.58 | — | — | — |
| EV / FCF | — | 80.61 | — | — | — |
TOYO Profitability
Margins and return-on-capital ratios measuring operating efficiency
TOYO Co., Ltd. earns an operating margin of 5.2%, below the Energy sector average of 14.3%. Operating margins have compressed from 19.2% to 5.2% over the past 3 years, signaling potential cost pressures or competitive headwinds. Return on equity of 70.3% is exceptionally high — well above the sector median of 7.8%. ROIC of 5.3% represents adequate returns on invested capital versus a sector median of 6.3%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Gross Margin | 12.4% | 12.4% | 26.7% | — | — |
| Operating Margin | 5.2% | 5.2% | 19.2% | — | — |
| Net Profit Margin | 23.1% | 23.1% | 15.9% | — | — |
Return on Capital
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| ROE | 70.3% | 70.3% | 16.2% | 2.8% | -0.3% |
| ROA | 17.1% | 17.1% | 6.4% | 2.7% | -0.3% |
| ROIC | 5.3% | 5.3% | 8.6% | -1.0% | — |
| ROCE | 10.0% | 10.0% | 17.5% | -1.2% | -0.4% |
TOYO Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
TOYO Co., Ltd. carries a Debt/EBITDA ratio of 2.3x, which is manageable (7% below the sector average of 2.4x). Net debt stands at $60M ($74M total debt minus $14M cash). Interest coverage of just 2.8x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Debt / Equity | 1.24 | 1.24 | 1.83 | 0.00 | — |
| Debt / EBITDA | 2.27 | 2.27 | 7.14 | — | — |
| Net Debt / Equity | — | 1.01 | 1.52 | 0.03 | -0.00 |
| Net Debt / EBITDA | 1.85 | 1.85 | 5.91 | — | — |
| Debt / FCF | — | 24.33 | — | — | — |
| Interest Coverage | 2.82 | 2.82 | 3.68 | — | — |
TOYO Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.44x is below 1.0, meaning current liabilities exceed current assets. The current ratio has improved from 0.01x to 0.44x over the past 3 years.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Current Ratio | 0.44 | 0.44 | 0.49 | 0.01 | 3.75 |
| Quick Ratio | 0.28 | 0.28 | 0.25 | 0.01 | 3.75 |
| Cash Ratio | 0.11 | 0.11 | 0.11 | 0.00 | 3.34 |
| Asset Turnover | — | 0.74 | 0.26 | — | — |
| Inventory Turnover | 7.76 | 7.76 | 1.14 | — | — |
| Days Sales Outstanding | — | 38.67 | — | — | — |
TOYO Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
TOYO Co., Ltd. does not currently pay a dividend and has no material buyback yield, reinvesting earnings back into the business. The earnings yield of 9.2% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Earnings Yield | 9.2% | 29.6% | — | — | — |
| FCF Yield | 0.7% | 1.8% | — | — | — |
| Buyback Yield | 0.0% | 0.0% | — | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | — | — | — |
| Shares Outstanding | — | $41M | $41M | $12M | $12M |
Peer Comparison
Compare TOYO with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 TOYOYou | $364M | 10.8 | 13.1 | 147.9 | 12.4% | 5.2% | 70.3% | 5.3% | 2.3 |
 ITRN | $1B | 20.2 | 13.3 | 20.7 | 49.7% | 21.4% | 27.9% | 47.2% | 0.0 |
 EME | $41B | 32.8 | 22.2 | 34.6 | 19.6% | 9.8% | 38.4% | 46.8% | 0.5 |
 PWR | $113B | 110.4 | 45.7 | 69.5 | 13.0% | 5.8% | 12.6% | 11.8% | 0.5 |
 TTEK | $8B | 33.0 | 13.3 | 18.2 | 17.7% | 11.1% | 13.7% | 17.4% | 1.5 |
 MYRG | $7B | 56.8 | 28.8 | 28.7 | 11.5% | 4.4% | 18.8% | 18.3% | 0.5 |
 PRIM | $6B | 21.5 | 13.0 | 17.2 | 10.7% | 5.5% | 17.8% | 13.6% | 2.5 |
 FLR | $8B | -25.7 | — | — | -0.8% | -2.4% | -9.6% | -12.7% | — |
 KBR | $4B | 10.3 | 9.3 | 8.7 | 14.8% | 7.3% | 27.9% | 10.4% | 4.2 |
 J | $14B | 51.5 | 14.5 | 23.8 | 24.8% | 7.2% | 5.8% | 9.9% | 2.5 |
 HUBB | $26B | 29.8 | 20.8 | 30.0 | 35.5% | 20.8% | 24.8% | 17.1% | 1.9 |
| Energy Median | — | 16.8 | 8.1 | 14.3 | 31.9% | 14.3% | 7.8% | 6.3% | 2.4 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Start ComparisonTOYO — Frequently Asked Questions
Quick answers to the most common questions about buying TOYO stock.
What is TOYO Co., Ltd.'s P/E ratio?
TOYO Co., Ltd.'s current P/E ratio is 10.8x. The historical average is 3.4x. This places it at the 100th percentile of its historical range.
What is TOYO Co., Ltd.'s EV/EBITDA?
TOYO Co., Ltd.'s current EV/EBITDA is 13.1x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 6.1x.
What is TOYO Co., Ltd.'s ROE?
TOYO Co., Ltd.'s return on equity (ROE) is 70.3%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 22.3%.
Is TOYO stock overvalued?
Based on historical data, TOYO Co., Ltd. is trading at a P/E of 10.8x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are TOYO Co., Ltd.'s profit margins?
TOYO Co., Ltd. has 12.4% gross margin and 5.2% operating margin.
How much debt does TOYO Co., Ltd. have?
TOYO Co., Ltd.'s Debt/EBITDA ratio is 2.3x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.