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 42,324 - -
Change - 0.1% 1.91% 21.25% -2.66% 22.94% - -
Enterprise Value (EV) 14,409 22,398 25,142 32,336 31,387 42,324 42,324 42,324
Change - 55.45% 12.25% 28.61% -2.93% 34.85% 0% 0%
P/E 17x 14.9x 19.3x 14.3x 28.8x 14.6x 13.2x 13.2x
PBR 0.97x 0.97x 1.03x 1.24x 1.23x 1.44x 1.36x 1.3x
PEG - 1x -1.1x 0.2x -0.6x 0x 1.3x -
Capitalization / Revenue 1.22x 1.08x 1.04x 1.01x 1.06x 1.06x 0.94x 0.94x
EV / Revenue 0x 0x 0x 0x 0x 1.06x 0.94x 0.94x
EV / EBITDA - - - - - - - -
EV / EBIT 0x 0x 0x 0x 0x 10.6x 9.41x 9.41x
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% 3.57% 3.68% 3.83%
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 1,959.00 1,959.00 1,959.00
Nbr of stocks (in thousands) 23,649 23,693 22,351 21,913 21,543 21,605 - -
Announcement Date 02/11/21 09/11/22 08/11/23 13/11/24 12/11/25 - - -
1JPY in Million2JPY
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
14.6x - - 3.57% 266M
30.42x3.43x19.97x0.7% 65.26B
37.94x5.9x26.06x2.03% 54.75B
33.86x5.6x20.14x0.89% 13.21B
32.24x2.57x20.85x0.56% 12.76B
16.17x1.28x10.3x-.--% 8.23B
27.48x1.81x15.38x2.84% 6.89B
18.3x1.19x10.39x3.43% 4.34B
31.62x3.26x18.69x1.11% 2.68B
201.71x0.57x12.61x - 2.58B
Average 44.43x 2.85x 17.16x 1.68% 17.1B
Weighted average by Cap. 34.69x 4.05x 20.97x 1.27%

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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