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 18,756 - -
Change - -46.41% 5.06% 109.89% 0.85% -10.17% - -
Enterprise Value (EV) 1 16,254 8,368 8,740 19,287 18,889 16,734 15,849 14,641
Change - -48.52% 4.45% 120.67% -2.06% -11.41% -5.28% -7.62%
P/E -20.7x -25x -39.7x 1,215x 63.4x 33.9x 26.7x 20.5x
PBR 8.68x 8.4x 8.15x 13.5x 9.85x 7.53x 5.48x 4.07x
PEG - 0.4x 1.1x -11x 0x 0.5x 1x 0.7x
Capitalization / Revenue 10.3x 3.44x 2.55x 4.17x 3.39x 2.51x 2.12x 1.81x
EV / Revenue 9.53x 3.06x 2.26x 3.89x 3.07x 2.24x 1.79x 1.41x
EV / EBITDA -387x -72.8x 143x 51.7x 29.8x 20.4x 15.2x 10.9x
EV / EBIT -193x -55.1x 8,740x 59x 33.4x 20.8x 15.4x 11x
EV / FCF -956x -44.3x 94x 63x 31.1x 23.6x 17.9x 13.5x
FCF Yield -0.1% -2.26% 1.06% 1.59% 3.22% 4.24% 5.59% 7.39%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 -1.68 -0.72 -0.46 0.03 0.56 0.9564 1.215 1.583
Distribution rate - - - - - - - -
Net sales 1 1,705 2,731 3,865 4,960 6,153 7,472 8,846 10,367
EBITDA 1 -42 -115 61 373 633 821.7 1,042 1,338
EBIT 1 -84 -152 1 327 566 803.8 1,027 1,325
Net income 1 -487 -275 -246 19 342 566 715.5 948.6
Net Debt 1 -1,266 -1,021 -1,124 -1,417 -1,991 -2,022 -2,907 -4,115
Reference price 2 34.71 18.03 18.26 36.45 35.51 32.45 32.45 32.45
Nbr of stocks (in thousands) 504,746 520,738 540,208 568,000 588,000 578,000 - -
Announcement Date 15/02/22 16/02/23 15/02/24 19/02/25 12/02/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
25.27x6.67x11.84x1.26% 466B
25.9x5.19x16.38x1.46% 245B
84.87x8.26x22.1x-.--% 136B
-5.08x104.84x1463.57x-.--% 50.99B
34.76x3.27x12.04x0.2% 42.99B
26.21x10.44x17.08x-.--% 21.23B
33.93x2.24x20.37x-.--% 18.76B
-206.85x3.67x12.28x - 13.38B
81.64x7.76x33.06x-.--% 11.84B
Average 11.19x 16.93x 178.75x 0.36% 111.73B
Weighted average by Cap. 30.08x 11.32x 88.47x 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

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