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 44,190 - -
Change - 0.1% 1.91% 21.25% -2.66% 28.36% - -
Enterprise Value (EV) 14,409 22,398 25,142 32,336 31,387 44,190 44,190 44,190
Change - 55.45% 12.25% 28.61% -2.93% 40.79% 0% 0%
P/E 17x 14.9x 19.3x 14.3x 28.8x 15.2x 13.8x 13.8x
PBR 0.97x 0.97x 1.03x 1.24x 1.23x 1.5x 1.42x 1.35x
PEG - 1x -1.1x 0.2x -0.6x 0x 1.3x -
Capitalization / Revenue 1.22x 1.08x 1.04x 1.01x 1.06x 1.1x 0.98x 0.98x
EV / Revenue 0x 0x 0x 0x 0x 1.1x 0.98x 0.98x
EV / EBITDA - - - - - - - -
EV / EBIT 0x 0x 0x 0x 0x 11x 9.82x 9.82x
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% 3.42% 3.52% 3.67%
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 2,045.00 2,045.00 2,045.00
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
15.22x - - 3.43% 278M
28.04x3.2x18.5x0.75% 61.25B
40.22x6.25x27.65x1.93% 58.13B
32.8x5.46x19.56x0.92% 13.05B
28.29x2.34x18.46x0.62% 12.49B
16.35x1.29x10.39x-.--% 8.32B
26.22x1.73x14.7x2.97% 6.57B
18.78x1.22x10.64x3.34% 4.52B
28.9x - - - 2.91B
-105.95x0.6x13.6x - 2.81B
Average 12.89x 2.76x 16.69x 1.74% 17.03B
Weighted average by Cap. 29.48x 4.13x 20.92x 1.3%

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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