MUN:TOY

Stock Analysis Report

Executive Summary

TOYO Corporation provides measurement instruments and technologies in Japan and internationally.


Snowflake Analysis

Flawless balance sheet average dividend payer.

Share Price & News

How has TOYO's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: TOY's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-12.5%

TOY

-8.8%

DE Electronic

-9.1%

DE Market


1 Year Return

4.8%

TOY

-5.2%

DE Electronic

2.9%

DE Market

Return vs Industry: TOY exceeded the German Electronic industry which returned -5.2% over the past year.

Return vs Market: TOY exceeded the German Market which returned 2.9% over the past year.


Shareholder returns

TOYIndustryMarket
7 Day-12.5%-8.8%-9.1%
30 Day-29.4%2.0%-7.2%
90 Day-19.9%-0.5%-6.5%
1 Year8.3%4.8%-3.2%-5.2%6.1%2.9%
3 Year-1.0%-9.3%31.2%27.0%3.5%-5.6%
5 Year-5.8%-18.9%94.3%80.2%8.0%-6.8%

Price Volatility Vs. Market

How volatile is TOYO's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is TOYO undervalued compared to its fair value and its price relative to the market?

20.73x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: TOY (€7.66) is trading above our estimate of fair value (€4.56)

Significantly Below Fair Value: TOY is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: TOY is good value based on its PE Ratio (21.6x) compared to the Electronic industry average (24.9x).

PE vs Market: TOY is poor value based on its PE Ratio (21.6x) compared to the German market (19.9x).


Price to Earnings Growth Ratio

PEG Ratio: TOY is poor value based on its PEG Ratio (1.5x)


Price to Book Ratio

PB vs Industry: TOY is good value based on its PB Ratio (0.8x) compared to the DE Electronic industry average (1.7x).


Next Steps

Future Growth

How is TOYO forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

14.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TOY's forecast earnings growth (14.3% per year) is above the savings rate (-0.4%).

Earnings vs Market: TOY's earnings (14.3% per year) are forecast to grow faster than the German market (13.1% per year).

High Growth Earnings: TOY's earnings are forecast to grow, but not significantly.

Revenue vs Market: TOY's revenue (2.3% per year) is forecast to grow slower than the German market (5.1% per year).

High Growth Revenue: TOY's revenue (2.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if TOY's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has TOYO performed over the past 5 years?

-6.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TOY has high quality earnings.

Growing Profit Margin: TOY's current net profit margins (4.3%) are lower than last year (5.8%).


Past Earnings Growth Analysis

Earnings Trend: TOY's earnings have declined by -6.4% per year over the past 5 years.

Accelerating Growth: TOY's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: TOY had negative earnings growth (-25%) over the past year, making it difficult to compare to the Electronic industry average (-3.9%).


Return on Equity

High ROE: TOY's Return on Equity (3.7%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is TOYO's financial position?


Financial Position Analysis

Short Term Liabilities: TOY's short term assets (¥13.5B) exceed its short term liabilities (¥3.2B).

Long Term Liabilities: TOY's short term assets (¥13.5B) exceed its long term liabilities (¥735.0M).


Debt to Equity History and Analysis

Debt Level: TOY is debt free.

Reducing Debt: TOY has not had any debt for past 5 years.

Debt Coverage: TOY has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: TOY has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

Inventory Level: TOY has a high level of physical assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if TOY's debt is covered by short term assets.


Next Steps

Dividend

What is TOYO's current dividend yield, its reliability and sustainability?

4.18%

Current Dividend Yield


Upcoming Dividend Payment

Purchase TOYO before the 'Buy Limit' to receive their next dividend payment.


Dividend Yield vs Market

company4.2%marketbottom25%1.5%markettop25%3.9%industryaverage1.4%forecastin3Years4.3%

Current dividend yield vs market & industry

Notable Dividend: TOY's dividend (4.02%) is higher than the bottom 25% of dividend payers in the German market (1.52%).

High Dividend: TOY's dividend (4.02%) is in the top 25% of dividend payers in the German market (3.92%)


Stability and Growth of Payments

Stable Dividend: TOY's dividend payments have been volatile in the past 10 years.

Growing Dividend: TOY's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (75.2%), TOY's payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.0yrs

Average management tenure


CEO

Masaru Gomi (64yo)

0

Mr. Masaru Gomi has been the President and Chief Executive Officer of Toyo Corporation since December 2010. Mr. Gomi serves as the President of ClearSight Networks Inc., a subsidiary of Toyo Corporation. H ...


Leadership Team

NamePositionTenureCompensationOwnership
Masaru Gomi
Chief Executive Officer0yrsno data0.061% ¥112.9k
Shuuzou Totoki
Chief Financial Officer9.2yrsno data0.041% ¥75.3k
Toshiya Kohno
Executive VP6.2yrsno datano data
Noriyuki Kato
Senior Vice President and Director9.2yrsno data0.041% ¥75.3k
Mitsuru Onodera
Senior Vice President and Director5.2yrsno data0.049% ¥90.3k
Yasushi Kumagawa
Senior VP & Director2yrsno data0.049% ¥90.3k
Tatsushi Nakamura
Executive Officer0yrsno datano data
Tetsuro Nishida
Executive Officer0yrsno datano data
Masashi Kitayama
Executive Officer6.3yrsno datano data
Hiroshige Mashiko
Executive Officer0yrsno datano data

4.0yrs

Average Tenure

59.5yo

Average Age

Experienced Management: TOY's management team is considered experienced (4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Masaru Gomi
Chief Executive Officer0yrsno data0.061% ¥112.9k
Shuuzou Totoki
Chief Financial Officer9.2yrsno data0.041% ¥75.3k
Toshiya Kohno
Executive VP6.2yrsno datano data
Noriyuki Kato
Senior Vice President and Director9.2yrsno data0.041% ¥75.3k
Mitsuru Onodera
Senior Vice President and Director5.2yrsno data0.049% ¥90.3k
Yasushi Kumagawa
Senior VP & Director2yrsno data0.049% ¥90.3k
Nobuyoshi Akiyama
External Director4yrsno datano data
Kiyo Morikawa
External Auditor5.2yrsno datano data
Nobuyuki Okubo
External Director4yrsno datano data
Shigehisa Horinokita
External Auditor4yrsno datano data

4.6yrs

Average Tenure

60yo

Average Age

Experienced Board: TOY's board of directors are considered experienced (4.6 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

TOYO Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: TOYO Corporation
  • Ticker: TOY
  • Exchange: MUN
  • Founded: 1953
  • Industry: Technology Distributors
  • Sector: Tech
  • Market Cap: JP¥22.257b
  • Listing Market Cap: JP¥184.312m
  • Shares outstanding: 24.49m
  • Website: https://www.toyo.co.jp

Number of Employees


Location

  • TOYO Corporation
  • 1-6, Yaesu 1-chome
  • Chuo-ku
  • Tokyo
  • 103-8284
  • Japan

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
8151TSE (The Tokyo Stock Exchange)YesCommon StockJPJPYJan 1992
TOYMUN (Boerse Muenchen)YesCommon StockDEEURJan 1992

Biography

TOYO Corporation provides measurement instruments and technologies in Japan and internationally. The company’s products include multi-channel LC material characteristics measurement systems; synesis (portable type) packet capture/analysis systems; automatic EMI measurement systems; liquid crystal materials evaluation systems; TFT-LCD panel measurement systems; automatic immunity measurement systems; shielding material permeation loss measurement systems; hall measurement systems; fuel cell test systems; secondary battery charge/discharge test systems; packet capture/analysis systems; DDoS mitigation systems; motor torque test systems; power boosters; amplifiers; ferroelectric substance evaluation systems; antenna pattern measurement systems; noise and vibration analysis systems; engine test bench measurement systems; control stability analysis systems; driver monitoring and stimulation systems; and on-vehicle brake evaluation systems, as well as impedance analysis support software products. It offers measurement instruments in the areas of information communication technologies, automotive measurements, sustainable energy and environment, EMC (electromagnetic compatibility) testing, ocean surveys, software quality and productivity, and medical systems. TOYO Corporation also provides cyber security services; communication standards certification services through lab testing of various wireless communication devices. In addition, it offers consulting, technical support, and after sales services, as well as organizes seminars and training courses. The company was formerly known as TOYO Trading Co., Ltd. and changed its name to TOYO Corporation in February 1977. TOYO Corporation was founded in 1953 and is headquartered in Tokyo, Japan. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/28 21:15
End of Day Share Price2020/02/28 00:00
Earnings2019/12/31
Annual Earnings2019/09/30


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.