Company Valuation: Instacart (Maplebear)

Data adjusted to current consolidation scope
Fiscal Period: December 2023 2024 2025 2026 2027 2028
Capitalization 1 6,577 10,641 11,809 9,348 - -
Change - 61.79% 10.98% -20.84% - -
Enterprise Value (EV) 1 4,391 9,272 11,122 7,973 7,006 6,531
Change - 111.17% 19.96% -28.31% -12.14% -6.78%
P/E ratio -1.89x 26.2x 28.1x 16.3x 14.1x 13x
PBR 1.75x 3.49x - 3.47x 2.6x 2.3x
PEG 0x -0x 22.2x 0.3x 0.9x 1.66x
Capitalization / Revenue 2.16x 3.15x 3.16x 2.26x 2.07x 1.94x
EV / Revenue 1.44x 2.74x 2.97x 1.93x 1.55x 1.35x
EV / EBITDA 6.85x 10.5x 10.2x 6.41x 4.97x 4.25x
EV / EBIT -2.05x 19x 22.3x 10.9x 8.16x 7.14x
EV / FCF 8.25x 14.9x 12.2x 8.15x 6.23x 5.74x
FCF Yield 12.1% 6.72% 8.18% 12.3% 16% 17.4%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 -12.43 1.58 1.6 2.383 2.761 2.978
Distribution rate - - - - - -
Net sales 1 3,042 3,378 3,742 4,141 4,517 4,824
EBITDA 1 641 885 1,087 1,245 1,410 1,537
EBIT 1 -2,142 489 498 732.3 858.3 914.2
Net income 1 -1,622 457 447 638.9 743.5 778.7
Net Debt 1 -2,186 -1,369 -687 -1,374 -2,342 -2,817
Reference price 2 23.47 41.42 44.98 38.85 38.85 38.85
Nbr of stocks (in thousands) 280,216 256,895 262,533 240,615 - -
Announcement Date 2/13/24 2/25/25 2/12/26 - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
16.3x1.93x6.41x-.--% 9.35B
19.03x5.35x12.24x1.06% 601B
31.28x8.12x24.43x-.--% 415B
21.94x2.57x13.57x-.--% 152B
10.96x13.6x133.95x0.36% 116B
36.12x4.53x28.26x-.--% 112B
27.09x5x14.22x-.--% 80.35B
69.98x3.94x19.44x-.--% 76.72B
8.75x34.29x7.31x-.--% 45.53B
8.9x4.23x44.53x0.5% 40.83B
Average 25.04x 8.35x 30.44x 0.19% 164.84B
Weighted average by Cap. 25.20x 6.98x 26.11x 0.42%

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

  1. Stock Market
  2. Equities
  3. CART Stock
  4. Valuation Instacart (Maplebear)
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