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 17,090 - -
Change - -46.41% 5.06% 109.89% 0.85% -18.15% - -
Enterprise Value (EV) 1 16,254 8,368 8,740 19,287 18,889 14,917 13,990 12,746
Change - -48.52% 4.45% 120.67% -2.06% -21.03% -6.22% -8.89%
P/E -20.7x -25x -39.7x 1,215x 63.4x 33.2x 26x 19.2x
PBR 8.68x 8.4x 8.15x 13.5x 9.85x 6.47x 4.83x 3.64x
PEG - 0.4x 1.1x -11x 0x 0.6x 0.9x 0.6x
Capitalization / Revenue 10.3x 3.44x 2.55x 4.17x 3.39x 2.31x 1.96x 1.68x
EV / Revenue 9.53x 3.06x 2.26x 3.89x 3.07x 2.02x 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 19x 13.6x 9.53x
EV / FCF -956x -44.3x 94x 63x 31.1x 20.9x 15.1x 10.1x
FCF Yield -0.1% -2.26% 1.06% 1.59% 3.22% 4.79% 6.62% 9.93%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 -1.68 -0.72 -0.46 0.03 0.56 0.8888 1.136 1.532
Distribution rate - - - - - - - -
Net sales 1 1,705 2,731 3,865 4,960 6,153 7,386 8,721 10,185
EBITDA 1 -42 -115 61 373 633 809.3 1,037 1,343
EBIT 1 -84 -152 1 327 566 786.5 1,027 1,337
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 -2,173 -3,100 -4,343
Reference price 2 34.71 18.03 18.26 36.45 35.51 29.48 29.48 29.48
Nbr of stocks (in thousands) 504,746 520,738 540,208 568,000 588,000 579,699 - -
Announcement Date 2/15/22 2/16/23 2/15/24 2/19/25 2/12/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
33.17x2.02x18.43x-.--% 17.09B
22.5x6.13x10.82x1.41% 414B
19.33x4.02x12.59x1.92% 187B
54.25x6.44x17.69x-.--% 111B
32.67x3.1x11.17x0.21% 41.09B
4.65x83.2x704.68x-.--% 35.43B
33.91x13.13x21.39x-.--% 29.84B
23.36x3.34x11.25x - 12.23B
77.95x7.46x31.94x-.--% 11.46B
18.79x3.21x11.81x2.79% 10.03B
Average 32.06x 13.20x 85.18x 0.7% 86.93B
Weighted average by Cap. 26.94x 8.82x 41.18x 1.14%

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

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