Company Valuation: Pinterest, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 23,707 16,467 24,978 19,599 17,490 13,133 - -
Change - -30.54% 51.68% -21.54% -10.76% -24.91% - -
Enterprise Value (EV) 1 21,227 13,769 22,467 17,086 15,023 11,990 11,168 10,066
Change - -35.13% 63.17% -23.95% -12.07% -20.19% -6.86% -9.87%
P/E 79x -173x -741x 10.9x 42.4x 54x 29.5x 22.2x
PBR 7.86x 5.05x 8.13x 3.62x 3.63x 3.95x 3.17x 2.55x
PEG - 1x 11.5x -0x -0.5x -1.8x 0.4x 0.7x
Capitalization / Revenue 9.2x 5.88x 8.18x 5.38x 4.14x 2.67x 2.37x 2.12x
EV / Revenue 8.23x 4.91x 7.35x 4.69x 3.56x 2.44x 2.01x 1.63x
EV / EBITDA 26.1x 31.2x 32.9x 16.6x 11.8x 8.12x 6.57x 5.12x
EV / EBIT 65.1x -135x -179x 95x 47x 44.6x 23.4x 15.5x
EV / FCF 28.5x 31.3x 37.1x 18.2x 12x 9.49x 7.2x 5.82x
FCF Yield 3.5% 3.2% 2.69% 5.5% 8.33% 10.5% 13.9% 17.2%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 0.46 -0.14 -0.05 2.67 0.61 0.4294 0.7852 1.043
Distribution rate - - - - - - - -
Net sales 1 2,578 2,803 3,055 3,646 4,222 4,911 5,551 6,188
EBITDA 1 814.4 441.9 683.5 1,032 1,270 1,476 1,701 1,966
EBIT 1 326.2 -101.7 -125.7 179.8 319.9 269 478 650.2
Net income 1 316.4 -96.05 -35.61 1,862 416.9 247.1 454.7 616.7
Net Debt 1 -2,480 -2,698 -2,511 -2,513 -2,467 -1,142 -1,965 -3,066
Reference price 2 36.35 24.28 37.04 29.00 25.89 23.19 23.19 23.19
Nbr of stocks (in thousands) 652,197 678,231 674,359 675,826 675,558 566,313 - -
Announcement Date 2/3/22 2/6/23 2/8/24 2/6/25 2/12/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
15.77x4.21x9.71x1.29% 522B
22.8x6.74x20.25x-.--% 340B
23.95x2.82x14.34x-.--% 161B
38.63x4.54x30x-.--% 113B
35.8x7.09x19.94x-.--% 112B
90.63x5.48x26.11x-.--% 103B
2.77x72.98x2.03x0.15% 98.29B
10.7x8.09x94.45x0.63% 94.88B
8.48x2.73x59.24x0.73% 36.96B
Average 27.73x 12.74x 30.67x 0.31% 175.63B
Weighted average by Cap. 24.74x 9.40x 21.45x 0.49%

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