WallStSmart

First Solar Inc (FSLR)vsTOYO Co., Ltd Ordinary Shares (TOYO)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

First Solar Inc generates 945% more annual revenue ($5.42B vs $518.61M). FSLR leads profitability with a 30.7% profit margin vs 13.8%. TOYO trades at a lower P/E of 8.1x. FSLR earns a higher WallStSmart Score of 82/100 (A-).

FSLR

Exceptional Buy

82

out of 100

Grade: A-

Growth: 9.3Profit: 9.0Value: 6.7Quality: 8.5
Piotroski: 5/9Altman Z: 3.38

TOYO

Buy

64

out of 100

Grade: C+

Growth: 8.3Profit: 8.5Value: 6.7Quality: 5.5
Piotroski: 5/9Altman Z: 1.54
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

FSLROvervalued (-6.2%)

Margin of Safety

-6.2%

Fair Value

$251.74

Current Price

$314.95

$63.21 premium

UndervaluedFair: $251.74Overvalued

Intrinsic value data unavailable for TOYO.

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

FSLR6 strengths · Avg: 9.7/10
Profit MarginProfitability
30.7%10/10

Keeps 31 of every $100 in revenue as profit

Operating MarginProfitability
33.1%10/10

Strong operational efficiency at 33.1%

EPS GrowthGrowth
65.1%10/10

Earnings expanding 65.1% YoY

Debt/EquityHealth
0.0410/10

Conservative balance sheet, low leverage

Altman Z-ScoreHealth
3.3810/10

Safe zone — low bankruptcy risk

PEG RatioValuation
0.708/10

Growing faster than its price suggests

TOYO5 strengths · Avg: 9.6/10
P/E RatioValuation
8.1x10/10

Attractively priced relative to earnings

Return on EquityProfitability
30.3%10/10

Every $100 of equity generates 30 in profit

Revenue GrowthGrowth
177.0%10/10

Revenue surging 177.0% year-over-year

EPS GrowthGrowth
69.8%10/10

Earnings expanding 69.8% YoY

Operating MarginProfitability
25.4%8/10

Strong operational efficiency at 25.4%

Areas to Watch

FSLR1 concerns · Avg: 2.0/10
Free Cash FlowQuality
$-333.39M2/10

Negative free cash flow — burning cash

TOYO2 concerns · Avg: 3.5/10
Altman Z-ScoreHealth
1.544/10

Distress zone — elevated risk

Market CapQuality
$593.76M3/10

Smaller company, higher risk/reward

Comparative Analysis Report

WallStSmart Research

Bull Case : FSLR

The strongest argument for FSLR centers on Profit Margin, Operating Margin, EPS Growth. Profitability is solid with margins at 30.7% and operating margin at 33.1%. Revenue growth of 23.6% demonstrates continued momentum.

Bull Case : TOYO

The strongest argument for TOYO centers on P/E Ratio, Return on Equity, Revenue Growth. Revenue growth of 177.0% demonstrates continued momentum.

Bear Case : FSLR

The primary concerns for FSLR are Free Cash Flow.

Bear Case : TOYO

The primary concerns for TOYO are Altman Z-Score, Market Cap.

Key Dynamics to Monitor

FSLR carries more volatility with a beta of 1.69 — expect wider price swings.

TOYO is growing revenue faster at 177.0% — sustainability is the question.

TOYO generates stronger free cash flow (29M), providing more financial flexibility.

Monitor SOLAR industry trends, competitive dynamics, and regulatory changes.

Bottom Line

FSLR scores higher overall (82/100 vs 64/100), backed by strong 30.7% margins and 23.6% revenue growth. Both earn "Exceptional Buy" and "Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

First Solar Inc

TECHNOLOGY · SOLAR · USA

First Solar, Inc. offers solar photovoltaic (PV) solutions in the United States, Japan, France, Canada, India, Australia, and internationally. The company is headquartered in Tempe, Arizona.

TOYO Co., Ltd Ordinary Shares

TECHNOLOGY · SOLAR · USA

Toyo Co., Ltd. engages in the manufacture and sale of cutting tools. The company is headquartered in Shiojiri, Japan.

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