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 10,352 - -
Change - -30.54% 51.68% -21.54% -10.76% -40.81% - -
Enterprise Value (EV) 1 21,227 13,769 22,467 17,086 15,023 9,210 8,388 7,286
Change - -35.13% 63.17% -23.95% -12.07% -38.7% -8.93% -13.14%
P/E 79x -173x -741x 10.9x 42.4x 42.6x 23.3x 17.5x
PBR 7.86x 5.05x 8.13x 3.62x 3.63x 3.12x 2.5x 2.01x
PEG - 1x 11.5x -0x -0.5x -1.4x 0.3x 0.5x
Capitalization / Revenue 9.2x 5.88x 8.18x 5.38x 4.14x 2.11x 1.87x 1.67x
EV / Revenue 8.23x 4.91x 7.35x 4.69x 3.56x 1.88x 1.51x 1.18x
EV / EBITDA 26.1x 31.2x 32.9x 16.6x 11.8x 6.24x 4.93x 3.71x
EV / EBIT 65.1x -135x -179x 95x 47x 34.2x 17.5x 11.2x
EV / FCF 28.5x 31.3x 37.1x 18.2x 12x 7.29x 5.4x 4.22x
FCF Yield 3.5% 3.2% 2.69% 5.5% 8.33% 13.7% 18.5% 23.7%
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 18.28 18.28 18.28
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.($)
15.05x4.01x9.26x1.36% 500B
21.42x6.34x19.04x-.--% 320B
22.39x2.62x13.32x-.--% 149B
37.25x4.37x28.91x-.--% 109B
3.04x82.68x2.31x0.14% 111B
32.94x6.47x18.19x-.--% 103B
76.82x4.6x21.9x-.--% 86.85B
10x7.46x89.57x0.67% 89.05B
7.99x3.05x63.21x0.75% 34.82B
Average 25.21x 13.51x 29.52x 0.32% 166.9B
Weighted average by Cap. 22.19x 10.60x 20.01x 0.52%

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

40% Discount: Identify Tomorrow's Best Investments With The Best Subscriber-Only Tools!
d
:
:
SEIZE THE OFFER!