Company Valuation: Toast, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 17,520 9,389 9,864 20,704 20,880 17,560 - -
Change - -46.41% 5.06% 109.89% 0.85% -15.9% - -
Enterprise Value (EV) 1 16,254 8,368 8,740 19,287 18,889 15,538 14,656 13,450
Change - -48.52% 4.45% 120.67% -2.06% -17.74% -5.68% -8.23%
P/E -20.7x -25x -39.7x 1,215x 63.4x 31.7x 25x 19.2x
PBR 8.68x 8.4x 8.15x 13.5x 9.85x 7.05x 5.13x 3.81x
PEG - 0.4x 1.1x -11x 0x 0.4x 0.9x 0.6x
Capitalization / Revenue 10.3x 3.44x 2.55x 4.17x 3.39x 2.35x 1.99x 1.69x
EV / Revenue 9.53x 3.06x 2.26x 3.89x 3.07x 2.08x 1.66x 1.3x
EV / EBITDA -387x -72.8x 143x 51.7x 29.8x 18.9x 14x 10x
EV / EBIT -193x -55.1x 8,740x 59x 33.4x 19.4x 14.3x 10.2x
EV / FCF -956x -44.3x 94x 63x 31.1x 21.9x 16.6x 12.4x
FCF Yield -0.1% -2.26% 1.06% 1.59% 3.22% 4.57% 6.04% 8.04%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 -1.68 -0.72 -0.46 0.03 0.56 0.9579 1.216 1.578
Distribution rate - - - - - - - -
Net sales 1 1,705 2,731 3,865 4,960 6,153 7,469 8,844 10,375
EBITDA 1 -42 -115 61 373 633 824.2 1,047 1,344
EBIT 1 -84 -152 1 327 566 800.6 1,023 1,318
Net income 1 -487 -275 -246 19 342 566.6 716.2 946.5
Net Debt 1 -1,266 -1,021 -1,124 -1,417 -1,991 -2,021 -2,903 -4,109
Reference price 2 34.71 18.03 18.26 36.45 35.51 30.38 30.38 30.38
Nbr of stocks (in thousands) 504,746 520,738 540,208 568,000 588,000 578,000 - -
Announcement Date 15/02/22 16/02/23 15/02/24 19/02/25 12/02/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
31.72x2.08x18.85x-.--% 17.56B
19.96x5.74x10.05x1.5% 402B
26.05x5.23x16.47x1.46% 241B
85.09x8.26x22.11x-.--% 136B
-6.7x129.93x1812.44x-.--% 60.38B
34.58x3.26x11.98x0.2% 42.77B
22.37x9.24x15.08x-.--% 18.16B
-207.24x3.68x12.31x - 13.41B
36.85x3.25x9.17x-.--% 12.52B
66.08x6.37x24.95x-.--% 11.9B
Average 10.88x 17.70x 195.34x 0.35% 95.61B
Weighted average by Cap. 27.60x 13.64x 127.76x 1.02%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

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  4. Valuation Toast, Inc.