Mar. 18 at 5:45 PM
$TOYO
Some things worth knowing.
1. Wainwright put their 18 buck PT on these guys before they settled their lawsuit and before they saw earnings (they underestimated the revenue and net income considerably)
2. They beat the top end of their net income guidance by 15% - the one time comp charge was paid in shares. They did 52m in net income for the full year.
3. They had a soft first half as they scaled up ethiopia facility, trump went bananas with tariffs etc and a solid 2nd half of the year. Extrapolate their 2nd half numbers across a full year and you get
$588M in revenue,
$136M in ebitda and roughly 90m in income.
Before you account for any contribution from the US business.
A company showing 50% YOY revenue growth, generating nearly 100m in net income and with the US upside to be factored in is worth a 15x forward multiple minimum.
That's about 35 a share. On just a basic execution of turning their back half 6 months into a full 12 months.
Don't get shook.
