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 19,415 - -
Change - -46.41% 5.06% 109.89% 0.85% -7.02% - -
Enterprise Value (EV) 1 16,254 8,368 8,740 19,287 18,889 17,395 16,509 15,294
Change - -48.52% 4.45% 120.67% -2.06% -7.91% -5.1% -7.36%
P/E -20.7x -25x -39.7x 1,215x 63.4x 35.2x 27.6x 20.6x
PBR 8.68x 8.4x 8.15x 13.5x 9.85x 7.8x 5.67x 4.21x
PEG - 0.4x 1.1x -11x 0x 0.5x 1x 0.6x
Capitalization / Revenue 10.3x 3.44x 2.55x 4.17x 3.39x 2.6x 2.2x 1.87x
EV / Revenue 9.53x 3.06x 2.26x 3.89x 3.07x 2.33x 1.87x 1.47x
EV / EBITDA -387x -72.8x 143x 51.7x 29.8x 21.2x 15.8x 11.4x
EV / EBIT -193x -55.1x 8,740x 59x 33.4x 21.6x 16.1x 11.5x
EV / FCF -956x -44.3x 94x 63x 31.1x 24.6x 18.6x 14x
FCF Yield -0.1% -2.26% 1.06% 1.59% 3.22% 4.07% 5.38% 7.16%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 -1.68 -0.72 -0.46 0.03 0.56 0.9548 1.216 1.627
Distribution rate - - - - - - - -
Net sales 1 1,705 2,731 3,865 4,960 6,153 7,470 8,844 10,378
EBITDA 1 -42 -115 61 373 633 821 1,043 1,342
EBIT 1 -84 -152 1 327 566 803.8 1,027 1,325
Net income 1 -487 -275 -246 19 342 565.2 716.2 952.6
Net Debt 1 -1,266 -1,021 -1,124 -1,417 -1,991 -2,020 -2,906 -4,121
Reference price 2 34.71 18.03 18.26 36.45 35.51 33.59 33.59 33.59
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
23.31x6.29x11.23x1.37% 430B
27.04x5.42x17.11x1.4% 256B
95.8x9.33x24.97x-.--% 153B
-6.32x112.62x1333.94x-.--% 51.08B
38.8x3.63x13.37x0.18% 47.98B
30.39x11.81x19.35x-.--% 24.78B
35.7x2.37x21.54x-.--% 19.7B
117.52x11.3x48.19x-.--% 17.05B
-216x3.82x12.79x - 13.98B
Average 16.25x 18.51x 166.94x 0.37% 112.56B
Weighted average by Cap. 33.14x 11.87x 82.63x 0.96%

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