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 16,707 - -
Change - -46.41% 5.06% 109.89% 0.85% -19.99% - -
Enterprise Value (EV) 1 16,254 8,368 8,740 19,287 18,889 14,534 13,607 12,364
Change - -48.52% 4.45% 120.67% -2.06% -23.05% -6.38% -9.14%
P/E -20.7x -25x -39.7x 1,215x 63.4x 32.4x 25.4x 18.8x
PBR 8.68x 8.4x 8.15x 13.5x 9.85x 6.33x 4.72x 3.56x
PEG - 0.4x 1.1x -11x 0x 0.6x 0.9x 0.5x
Capitalization / Revenue 10.3x 3.44x 2.55x 4.17x 3.39x 2.26x 1.92x 1.64x
EV / Revenue 9.53x 3.06x 2.26x 3.89x 3.07x 1.97x 1.56x 1.21x
EV / EBITDA -387x -72.8x 143x 51.7x 29.8x 18x 13.1x 9.21x
EV / EBIT -193x -55.1x 8,740x 59x 33.4x 18.5x 13.3x 9.25x
EV / FCF -956x -44.3x 94x 63x 31.1x 20.4x 14.7x 9.77x
FCF Yield -0.1% -2.26% 1.06% 1.59% 3.22% 4.91% 6.81% 10.2%
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 28.82 28.82 28.82
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
32.42x1.97x17.96x-.--% 16.71B
21.96x6.02x10.62x1.45% 404B
19.56x4.07x12.74x1.9% 189B
53.44x6.33x17.41x-.--% 110B
33.01x3.13x11.28x0.2% 41.51B
4.65x83.2x704.68x-.--% 35.43B
33.5x12.99x21.16x-.--% 29.47B
23.61x3.37x11.37x - 12.36B
76.18x7.28x31.18x-.--% 11.2B
18.84x3.22x11.84x2.78% 10.06B
Average 31.72x 13.16x 85.02x 0.7% 85.98B
Weighted average by Cap. 26.56x 8.78x 41.38x 1.16%

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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