TOYO Co., Ltd. (TOYO) vs Tigo Energy, Inc. (TYGO)

TOYO Co., Ltd. and Tigo Energy, Inc. are both Solar companies. TOYO Co., Ltd. is the larger, with a market value of $188.0M against $73.0M — 2.6× the size. TOYO Co., Ltd. trades at the lower P/E: 3.8× against 5.7×. Tigo Energy, Inc. has the higher net margin (8.97% vs 0.00%) and the lower return on invested capital (−6.09% vs 0.00%). Across the 14 metrics below, TOYO Co., Ltd. leads on 8 and Tigo Energy, Inc. on 6.

Valuation

Metric TOYO TYGO Solar median
P/E 3.85 5.73 10.93
P/S n/m 0.59 0.54
P/B 0.81 1.47 1.44
Price to free cash flow 2.13 7.09 9.91
EV/EBITDA 2.09 n/m 9.90
EV/Sales n/m 0.90 0.74
Earnings yield 26.00% 17.44% 0.00%
Free cash flow yield 47.04% 14.10% 0.00%

Profitability

Metric TOYO TYGO Solar median
Gross margin — 42.43% 31.92%
Operating margin — (2.79%) (9.70%)
Net margin 0.00% 8.97% (8.48%)
Free cash flow margin 0.00% 8.32% (2.95%)
Return on equity 31.92% 43.06% 5.34%
Return on assets 15.99% 12.59% (5.36%)
Return on invested capital 0.00% (6.09%) (5.27%)

Growth

Metric TOYO TYGO Solar median
Revenue growth (TTM) — 49.51% 16.97%
EPS growth (last fiscal year) (10.09%) 97.12% —
Revenue growth, 5-year CAGR — — 14.00%
Net income growth, 5-year CAGR — 0.00% 0.00%

Health

Metric TOYO TYGO Solar median
Debt to equity 0.28 0.09 0.09
Current ratio 1.12 3.04 1.33
Net debt to EBITDA 0.19 2.37 0.03

Dividend

Metric TOYO TYGO Solar median
Dividend yield — — —
Payout ratio 0.00 0.00 0.00

Size

Metric TOYO TYGO Solar median
Market cap 187.97m 73.02m 43.46m

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