Company Valuation: TOYO Corporation

Data adjusted to current consolidation scope
Fiscal Period: September 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 28,592 28,621 29,168 35,368 34,426 43,023 - -
Change - 0.1% 1.91% 21.25% -2.66% 24.97% - -
Enterprise Value (EV) 14,409 22,398 25,142 32,336 31,387 43,023 43,023 43,023
Change - 55.45% 12.25% 28.61% -2.93% 37.07% 0% 0%
P/E 17x 14.9x 19.3x 14.3x 28.8x 14.8x 13.4x 13.4x
PBR 0.97x 0.97x 1.03x 1.24x 1.23x 1.46x 1.39x 1.32x
PEG - 1x -1.1x 0.2x -0.6x 0x 1.3x -
Capitalization / Revenue 1.22x 1.08x 1.04x 1.01x 1.06x 1.08x 0.96x 0.96x
EV / Revenue 0x 0x 0x 0x 0x 1.08x 0.96x 0.96x
EV / EBITDA - - - - - - - -
EV / EBIT 0x 0x 0x 0x 0x 10.8x 9.56x 9.56x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 43 50 54 68 69 70 72 75
Rate of return 3.56% 4.14% 4.14% 4.21% 4.32% 3.52% 3.62% 3.77%
EPS 2 70.97 81.16 67.5 113 55.55 134.2 148.1 148.1
Distribution rate 60.6% 61.6% 80% 60.2% 124% 52.2% 48.6% 50.6%
Net sales 1 23,511 26,490 28,172 35,040 32,559 40,000 45,000 45,000
EBITDA - - - 4,518 3,094 - - -
EBIT 1 1,725 2,332 1,472 3,360 1,914 4,000 4,500 4,500
Net income 1 1,734 1,919 1,534 2,520 1,195 2,900 3,200 3,200
Net Debt -14,183 -6,223 -4,026 -3,032 -3,039 - - -
Reference price 2 1,209.00 1,208.00 1,305.00 1,614.00 1,598.00 1,991.00 1,991.00 1,991.00
Nbr of stocks (in thousands) 23,649 23,693 22,351 21,913 21,543 21,609 - -
Announcement Date 11/2/21 11/9/22 11/8/23 11/13/24 11/12/25 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
28.11x3.21x18.56x0.75% 61.46B
41.49x6.45x28.48x1.87% 59.92B
34.32x5.68x20.41x0.88% 13.44B
32.9x2.62x21.29x0.55% 13.02B
16.94x1.33x10.7x-.--% 8.62B
26.6x1.76x14.91x2.93% 6.67B
18.88x1.22x10.69x3.32% 4.49B
-114.82x0.65x14.65x - 3.04B
30.16x - - - 3.04B
Average 12.73x 2.86x 17.46x 1.47% 19.3B
Weighted average by Cap. 30.24x 4.25x 21.58x 1.26%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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  5. Valuation TOYO Corporation