TOYO Co., Ltd. (TOYO) Stock Analysis
Over the past 1 year, TOYO (TOYO) earnings per share (EPS) grew 203.1% a year, revenue grew 208.6% a year and free cash flow grew 934.3% a year, with a 10-year average return on invested capital (ROIC) of 6.8%. TOYO stock trades at $4.03, a P/E of 1.7, below its historical average of 16.9. Analysts' average 12-month price target is $14.00 (+247.4%), from 2 price targets.
TOYO Co., Ltd. participates across the full solar energy supply chain. Its operations encompass the initial upstream stages of wafer and silicon manufacturing, the midstream production of solar cells, and the final downstream assembly of photovoltaic (PV) modules.
Exhibit A Growth Dossier
| Metric | 10yr | 5yr | 1yr | Grade |
|---|---|---|---|---|
| Book Value/Share GrowthBV/S | — | — | 176.6% | B+ |
| EPS GrowthEPS | — | — | 203.1% | B+ |
| Revenue GrowthRevenue | — | — | 208.6% | B+ |
| Cash Flow GrowthCash Flow | — | — | 934.3% | B+ |
| ROICROIC | 6.8% | 6.8% | 22.6% | B+ |
Exhibit B Valuation Ledger
- Current EPS
- $2.37
- Historical Avg P/E
- 16.9
- Future P/E (used for sticker price)
- Projected EPS (10yr)
- Sticker Price (10yr)
- Price for 15% Annual Return
- Expected Annual Return
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Not investment advice — a structured read of historical fundamentals, not a forecast or recommendation. Always do your own research.
Exhibit C Raw Data (last 10 years)
| Metric | Trend | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|
| Book Value / ShareBV/S | $7.57 | $0.66 | $1.39 | $1.93 | $3.67 | $5.44 | |
| Basic EPSEPS | -$0.02 | -$0.02 | $0.24 | $1.09 | $1.32 | $2.37 | |
| RevenueRevenue | $0 | $0 | $62,377,390 | $176,957,128 | $427,383,003 | $549,236,133 | |
| Free Cash FlowCash Flow | $-182,126 | $-778,980 | $-126,768,728 | $2,462,569 | $41,235,855 | $81,977,718 | |
| ROIC (%)ROIC | -0.4% | -2.3% | 7.4% | 6.5% | 22.6% | — |
The exact underlying data used to compute the growth rates and grades above. The highlighted TTM column is the trailing twelve months through the most recently reported quarter.
Ticker INVESTigator Price Target
Analyst Data
Price Target
Where the stock trades today vs. the range of 12-month price targets from covering analysts.
Based on 2 price targets · 1 firm rate it — 1 buy · Most recent Aug 2026
TOYO Stock FAQ
What is TOYO's stock price target?
The average 12-month analyst price target for TOYO is $14.00 across 2 price targets, with a range of $10.00 to $18.00. That is +247.4% from the current price of $4.03.
Do analysts rate TOYO a buy?
Most rate it a buy. Of 1 firm covering TOYO, the ratings are 1 buy or strong buy, 0 hold and 0 sell or strong sell.
How fast is TOYO growing?
Annual growth rates for TOYO. EPS: 203.1% over 1 year. Revenue: 208.6% over 1 year. Free cash flow: 934.3% over 1 year. Book value per share: 176.6% over 1 year.
What is TOYO's ROIC?
TOYO's return on invested capital (ROIC) was 22.6% in fiscal 2025. Its 10-year average ROIC is 6.8%. ROIC above 10% is generally a sign of a business with a durable competitive advantage.
What is TOYO's P/E ratio?
TOYO's current P/E ratio is 1.7, compared with a historical average of 16.9. Trailing earnings per share are $2.37.
What is TOYO's market cap and stock price?
TOYO last traded at $4.03 as of October 21, 2026. Its 52-week range is $3.89 to $17.43. TOYO has a market cap of $172.2M.
Exhibit D Related Coverage
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Data as of October 21, 2026. Findings are derived from historical fundamentals — not a forecast, not advice. Cross-examine before you invest.
Grades are produced by Ticker INVESTigator's own model from public financial data and are for informational and educational purposes only. They are not investment advice or a recommendation to buy or sell any security. Do your own research.