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 18,707 - -
Change - -46.41% 5.06% 109.89% 0.85% -10.41% - -
Enterprise Value (EV) 1 16,254 8,368 8,740 19,287 18,889 16,585 15,696 14,475
Change - -48.52% 4.45% 120.67% -2.06% -12.19% -5.36% -7.78%
P/E -20.7x -25x -39.7x 1,215x 63.4x 36.3x 28.6x 21.3x
PBR 8.68x 8.4x 8.15x 13.5x 9.85x 7.11x 5.3x 3.99x
PEG - 0.4x 1.1x -11x 0x 0.6x 1.1x 0.6x
Capitalization / Revenue 10.3x 3.44x 2.55x 4.17x 3.39x 2.53x 2.15x 1.84x
EV / Revenue 9.53x 3.06x 2.26x 3.89x 3.07x 2.25x 1.8x 1.42x
EV / EBITDA -387x -72.8x 143x 51.7x 29.8x 20.5x 15.2x 10.9x
EV / EBIT -193x -55.1x 8,740x 59x 33.4x 21.1x 15.3x 10.8x
EV / FCF -956x -44.3x 94x 63x 31.1x 23.3x 16.9x 11.4x
FCF Yield -0.1% -2.26% 1.06% 1.59% 3.22% 4.3% 5.91% 8.74%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 -1.68 -0.72 -0.46 0.03 0.56 0.8886 1.129 1.514
Distribution rate - - - - - - - -
Net sales 1 1,705 2,731 3,865 4,960 6,153 7,387 8,720 10,189
EBITDA 1 -42 -115 61 373 633 807.7 1,032 1,324
EBIT 1 -84 -152 1 327 566 787.1 1,024 1,339
Net income 1 -487 -275 -246 19 342 538.9 694 915.6
Net Debt 1 -1,266 -1,021 -1,124 -1,417 -1,991 -2,121 -3,011 -4,232
Reference price 2 34.71 18.03 18.26 36.45 35.51 32.27 32.27 32.27
Nbr of stocks (in thousands) 504,746 520,738 540,208 568,000 588,000 579,699 - -
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
20.18x5.68x10.15x1.58% 374B
22.38x4.47x13.99x1.7% 209B
72x6.99x18.7x-.--% 115B
35.92x3.42x12.37x0.19% 45.36B
-4.12x84.32x712.21x-.--% 35.87B
29.76x11.61x18.94x-.--% 24.25B
25.06x3.6x12.11x - 13.19B
86.86x8.26x35.41x-.--% 12.65B
63.3x2.77x11.29x-.--% 12.16B
Average 39.04x 14.57x 93.91x 0.43% 93.55B
Weighted average by Cap. 29.60x 8.92x 42.98x 1.15%

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