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 16,895 - -
Change - -46.41% 5.06% 109.89% 0.85% -19.09% - -
Enterprise Value (EV) 1 16,254 8,368 8,740 19,287 18,889 14,874 13,992 12,786
Change - -48.52% 4.45% 120.67% -2.06% -21.26% -5.93% -8.62%
P/E -20.7x -25x -39.7x 1,215x 63.4x 30.5x 24x 18.5x
PBR 8.68x 8.4x 8.15x 13.5x 9.85x 6.79x 4.94x 3.67x
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 2.26x 1.91x 1.63x
EV / Revenue 9.53x 3.06x 2.26x 3.89x 3.07x 1.99x 1.58x 1.23x
EV / EBITDA -387x -72.8x 143x 51.7x 29.8x 18x 13.4x 9.51x
EV / EBIT -193x -55.1x 8,740x 59x 33.4x 18.6x 13.7x 9.7x
EV / FCF -956x -44.3x 94x 63x 31.1x 21x 15.8x 11.8x
FCF Yield -0.1% -2.26% 1.06% 1.59% 3.22% 4.77% 6.33% 8.46%
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 29.23 29.23 29.23
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.($)
26.03x9.62x15.72x0.76% 3,808B
122.42x54.13x88.14x-.--% 457B
20.78x5.92x10.37x1.45% 419B
251.41x22.44x65.69x-.--% 324B
2660.9x44.6x145.87x-.--% 273B
26.43x5.3x16.72x1.43% 243B
89.18x8.66x23.18x-.--% 142B
57.8x15.57x41x-.--% 131B
493.9x21.18x83.73x-.--% 99.27B
Average 416.54x 20.83x 54.49x 0.4% 655.08B
Weighted average by Cap. 177.67x 15.26x 31.66x 0.65%

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