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 16,997 - -
Change - -46.41% 5.06% 109.89% 0.85% -18.6% - -
Enterprise Value (EV) 1 16,254 8,368 8,740 19,287 18,889 14,873 13,983 12,762
Change - -48.52% 4.45% 120.67% -2.06% -21.26% -5.98% -8.74%
P/E -20.7x -25x -39.7x 1,215x 63.4x 33.1x 26x 19.1x
PBR 8.68x 8.4x 8.15x 13.5x 9.85x 6.44x 4.81x 3.62x
PEG - 0.4x 1.1x -11x 0x 0.6x 1x 0.5x
Capitalization / Revenue 10.3x 3.44x 2.55x 4.17x 3.39x 2.3x 1.95x 1.67x
EV / Revenue 9.53x 3.06x 2.26x 3.89x 3.07x 2.01x 1.6x 1.25x
EV / EBITDA -387x -72.8x 143x 51.7x 29.8x 18.4x 13.5x 9.49x
EV / EBIT -193x -55.1x 8,740x 59x 33.4x 18.9x 13.6x 9.53x
EV / FCF -956x -44.3x 94x 63x 31.1x 20.8x 15.1x 10.1x
FCF Yield -0.1% -2.26% 1.06% 1.59% 3.22% 4.8% 6.62% 9.92%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 -1.68 -0.72 -0.46 0.03 0.56 0.8864 1.128 1.532
Distribution rate - - - - - - - -
Net sales 1 1,705 2,731 3,865 4,960 6,153 7,385 8,721 10,190
EBITDA 1 -42 -115 61 373 633 809.7 1,037 1,344
EBIT 1 -84 -152 1 327 566 787.4 1,027 1,339
Net income 1 -487 -275 -246 19 342 537.3 693.6 924.5
Net Debt 1 -1,266 -1,021 -1,124 -1,417 -1,991 -2,123 -3,013 -4,235
Reference price 2 34.71 18.03 18.26 36.45 35.51 29.32 29.32 29.32
Nbr of stocks (in thousands) 504,746 520,738 540,208 568,000 588,000 579,699 - -
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
22.01x6.03x10.64x1.44% 405B
19.24x3.95x12.33x1.95% 184B
54.14x6.42x17.66x-.--% 111B
33.39x3.17x11.41x0.2% 42B
6.33x78.87x668.02x-.--% 33.28B
33x12.81x20.87x-.--% 29.01B
23.51x3.36x11.33x - 12.31B
77.12x7.37x31.58x-.--% 11.33B
55.18x2.36x9.61x-.--% 10.63B
Average 35.99x 13.81x 88.16x 0.45% 93.15B
Weighted average by Cap. 27.18x 8.54x 38.70x 1.15%

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