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 14,063 - -
Change - -46.41% 5.06% 109.89% 0.85% -32.65% - -
Enterprise Value (EV) 1 16,254 8,368 8,740 19,287 18,889 11,891 10,964 9,720
Change - -48.52% 4.45% 120.67% -2.06% -37.05% -7.8% -11.34%
P/E -20.7x -25x -39.7x 1,215x 63.4x 27.3x 21.4x 15.8x
PBR 8.68x 8.4x 8.15x 13.5x 9.85x 5.32x 3.98x 3x
PEG - 0.4x 1.1x -11x 0x 0.5x 0.8x 0.5x
Capitalization / Revenue 10.3x 3.44x 2.55x 4.17x 3.39x 1.9x 1.61x 1.38x
EV / Revenue 9.53x 3.06x 2.26x 3.89x 3.07x 1.61x 1.26x 0.95x
EV / EBITDA -387x -72.8x 143x 51.7x 29.8x 14.7x 10.6x 7.24x
EV / EBIT -193x -55.1x 8,740x 59x 33.4x 15.1x 10.7x 7.27x
EV / FCF -956x -44.3x 94x 63x 31.1x 16.7x 11.8x 7.68x
FCF Yield -0.1% -2.26% 1.06% 1.59% 3.22% 6% 8.45% 13%
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 24.26 24.26 24.26
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.($)
30.12x9.04x16.74x1.12% 504B
18.16x3.79x11.87x2.04% 177B
46.75x5.49x15.08x-.--% 95.92B
32.15x3.05x11x0.21% 40.43B
3.53x88.85x756.64x-.--% 38.49B
28.75x11.35x18.49x-.--% 25.3B
21.92x3.15x10.6x - 11.48B
18.01x3.1x11.39x2.91% 9.54B
46.15x1.88x7.66x-.--% 8.85B
Average 27.28x 14.41x 95.50x 0.78% 101.13B
Weighted average by Cap. 28.40x 10.61x 46.48x 1.07%

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%: Exceptional extension
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