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 20,201 - -
Change - -46.41% 5.06% 109.89% 0.85% -3.25% - -
Enterprise Value (EV) 1 16,254 8,368 8,740 19,287 18,889 18,200 17,245 16,031
Change - -48.52% 4.45% 120.67% -2.06% -3.65% -5.24% -7.04%
P/E -20.7x -25x -39.7x 1,215x 63.4x 36.9x 29x 21.5x
PBR 8.68x 8.4x 8.15x 13.5x 9.85x 8.5x 5.94x 4.4x
PEG - 0.4x 1.1x -11x 0x 0.5x 1.1x 0.6x
Capitalization / Revenue 10.3x 3.44x 2.55x 4.17x 3.39x 2.71x 2.29x 1.95x
EV / Revenue 9.53x 3.06x 2.26x 3.89x 3.07x 2.44x 1.95x 1.55x
EV / EBITDA -387x -72.8x 143x 51.7x 29.8x 22.2x 16.5x 11.9x
EV / EBIT -193x -55.1x 8,740x 59x 33.4x 22.6x 16.7x 11.9x
EV / FCF -956x -44.3x 94x 63x 31.1x 26x 19.4x 14.9x
FCF Yield -0.1% -2.26% 1.06% 1.59% 3.22% 3.85% 5.14% 6.72%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 -1.68 -0.72 -0.46 0.03 0.56 0.9468 1.204 1.623
Distribution rate - - - - - - - -
Net sales 1 1,705 2,731 3,865 4,960 6,153 7,467 8,839 10,370
EBITDA 1 -42 -115 61 373 633 820.7 1,046 1,345
EBIT 1 -84 -152 1 327 566 805.5 1,035 1,344
Net income 1 -487 -275 -246 19 342 561.9 712.1 950.4
Net Debt 1 -1,266 -1,021 -1,124 -1,417 -1,991 -2,002 -2,956 -4,170
Reference price 2 34.71 18.03 18.26 36.45 35.51 34.95 34.95 34.95
Nbr of stocks (in thousands) 504,746 520,738 540,208 568,000 588,000 578,000 - -
Announcement Date 2/15/22 A 2/16/23 A 2/15/24 A 2/19/25 A 2/12/26 A - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
22.32x6.08x10.87x1.43% 411B
25.9x5.18x16.32x1.47% 244B
77.35x7.51x20.11x-.--% 124B
36.99x3.47x12.75x0.18% 45.74B
-46.77x77.3x666.24x-.--% 35.55B
28.56x11.24x18.35x-.--% 23.28B
36.91x2.44x22.18x-.--% 20.2B
102.03x9.77x39.68x-.--% 14.8B
-613.32x3.64x12.2x - 13.29B
Average -36.67x 14.07x 90.96x 0.38% 103.51B
Weighted average by Cap. 21.31x 8.70x 39.53x 1.04%

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