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 16,724 - -
Change - -46.41% 5.06% 109.89% 0.85% -19.9% - -
Enterprise Value (EV) 1 16,254 8,368 8,740 19,287 18,889 14,601 13,711 12,490
Change - -48.52% 4.45% 120.67% -2.06% -22.7% -6.1% -8.91%
P/E -20.7x -25x -39.7x 1,215x 63.4x 32.5x 25.6x 18.8x
PBR 8.68x 8.4x 8.15x 13.5x 9.85x 6.33x 4.73x 3.57x
PEG - 0.4x 1.1x -11x 0x 0.6x 0.9x 0.5x
Capitalization / Revenue 10.3x 3.44x 2.55x 4.17x 3.39x 2.26x 1.92x 1.64x
EV / Revenue 9.53x 3.06x 2.26x 3.89x 3.07x 1.98x 1.57x 1.23x
EV / EBITDA -387x -72.8x 143x 51.7x 29.8x 18x 13.2x 9.29x
EV / EBIT -193x -55.1x 8,740x 59x 33.4x 18.5x 13.3x 9.33x
EV / FCF -956x -44.3x 94x 63x 31.1x 20.5x 14.8x 9.87x
FCF Yield -0.1% -2.26% 1.06% 1.59% 3.22% 4.89% 6.75% 10.1%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 -1.68 -0.72 -0.46 0.03 0.56 0.8864 1.128 1.532
Distribution rate - - - - - - - -
Net sales 1 1,705 2,731 3,865 4,960 6,153 7,385 8,721 10,190
EBITDA 1 -42 -115 61 373 633 809.7 1,037 1,344
EBIT 1 -84 -152 1 327 566 787.4 1,027 1,339
Net income 1 -487 -275 -246 19 342 537.3 693.6 924.5
Net Debt 1 -1,266 -1,021 -1,124 -1,417 -1,991 -2,123 -3,013 -4,235
Reference price 2 34.71 18.03 18.26 36.45 35.51 28.85 28.85 28.85
Nbr of stocks (in thousands) 504,746 520,738 540,208 568,000 588,000 579,699 - -
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.($)
32.55x1.98x18.03x-.--% 16.72B
22.57x6.14x10.84x1.41% 415B
19.26x3.95x12.35x1.95% 184B
54.71x6.49x17.85x-.--% 112B
32.53x3.09x11.12x0.21% 40.92B
6.28x78.34x663.54x-.--% 33.01B
33.75x13.07x21.3x-.--% 29.67B
23.46x3.35x11.3x - 12.29B
76.51x7.31x31.32x-.--% 11.24B
54.78x2.33x9.52x-.--% 10.55B
Average 35.64x 12.61x 80.72x 0.4% 86.59B
Weighted average by Cap. 27.57x 8.42x 37.72x 1.11%

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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