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 19,837 - -
Change - -46.41% 5.06% 109.89% 0.85% -4.99% - -
Enterprise Value (EV) 1 16,254 8,368 8,740 19,287 18,889 17,835 16,881 15,667
Change - -48.52% 4.45% 120.67% -2.06% -5.58% -5.35% -7.19%
P/E -20.7x -25x -39.7x 1,215x 63.4x 36.2x 28.5x 21.1x
PBR 8.68x 8.4x 8.15x 13.5x 9.85x 8.35x 5.84x 4.32x
PEG - 0.4x 1.1x -11x 0x 0.5x 1x 0.6x
Capitalization / Revenue 10.3x 3.44x 2.55x 4.17x 3.39x 2.66x 2.24x 1.91x
EV / Revenue 9.53x 3.06x 2.26x 3.89x 3.07x 2.39x 1.91x 1.51x
EV / EBITDA -387x -72.8x 143x 51.7x 29.8x 21.7x 16.1x 11.6x
EV / EBIT -193x -55.1x 8,740x 59x 33.4x 22.1x 16.3x 11.7x
EV / FCF -956x -44.3x 94x 63x 31.1x 25.4x 19x 14.5x
FCF Yield -0.1% -2.26% 1.06% 1.59% 3.22% 3.93% 5.25% 6.87%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 -1.68 -0.72 -0.46 0.03 0.56 0.9468 1.204 1.623
Distribution rate - - - - - - - -
Net sales 1 1,705 2,731 3,865 4,960 6,153 7,467 8,839 10,370
EBITDA 1 -42 -115 61 373 633 820.7 1,046 1,345
EBIT 1 -84 -152 1 327 566 805.5 1,035 1,344
Net income 1 -487 -275 -246 19 342 561.9 712.1 950.4
Net Debt 1 -1,266 -1,021 -1,124 -1,417 -1,991 -2,002 -2,956 -4,170
Reference price 2 34.71 18.03 18.26 36.45 35.51 34.32 34.32 34.32
Nbr of stocks (in thousands) 504,746 520,738 540,208 568,000 588,000 578,000 - -
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.($)
23.53x6.33x11.31x1.36% 434B
25.57x5.11x16.1x1.49% 241B
80.27x7.8x20.88x-.--% 128B
38.15x3.57x13.13x0.18% 47.18B
-23.84x77.57x669.69x-.--% 35.75B
28.76x11.3x18.45x-.--% 23.45B
36.7x2.42x22.03x-.--% 20.09B
100.79x9.63x39.18x-.--% 14.62B
-619.89x3.68x12.32x - 13.43B
Average -34.44x 14.16x 91.46x 0.38% 106.33B
Weighted average by Cap. 23.15x 8.80x 39.32x 1.01%

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