Toast, Inc. Financial Ratios — TOST Stock

Profitability	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
Return on Common Equity (%)	- -	- -	- -	- -	- -	- -
Return on Assets (%)	- -	-45.85	-38.79	-15.73	-13.23	0.87
Return on Capital (%)	- -	- -	- -	- -	- -	-1.2
Return on Invested Capital (%)	- -	- -	- -	- -	- -	3.82
Gross Margin (%)	9.32	17.01	18.42	18.71	21.58	23.99
EBITDA Margin (%)	-30.98	-23.45	-12.14	-13.18	-6.6	2.18
Operating Margin (%)	-32.03	-26.73	-13.37	-14.06	-7.43	1.25
Incremental Operating Margin (%)	- -	- -	- -	- -	- -	31.87
Pretax Margin (%)	-31.88	-30.13	-28.74	-10.14	-6.31	0.44
Profit Margin (%)	-31.43	-30.13	-28.56	-10.07	-6.36	0.38
Net Income to Common Margin (%)	-31.43	-30.13	-28.56	-10.07	-6.36	0.38
Effective Tax Rate (%)	- -	- -	- -	- -	- -	13.64
Dvd Payout Ratio (%)	- -	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	- -	- -	- -	- -	- -	- -

Credit	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
Total Debt	9	172	99	94	44	24
LT Debt	- -	172	77	80	33	24
ST Debt	9	- -	22	14	11	- -
Total Debt/EBITDA	-0.04	-0.89	-0.48	-0.26	-0.17	0.22
Net Debt/EBITDA	0.69	2.12	3.91	1.52	2.37	-8.36
Total Debt/EBIT	-0.04	-0.78	-0.43	-0.24	-0.15	0.39
Net Debt/EBIT	0.66	1.86	3.55	1.42	2.11	-14.56
EBITDA to Interest Expense	- -	-16.08	-17.25	- -	- -	- -
EBITDA-CapEx/Interest Expense	- -	-18.42	-18.25	- -	- -	- -
EBIT to Interest Expense	- -	-18.33	-19	- -	- -	- -
Interest Expense	- -	12	12	- -	- -	- -
Common Equity/Total Assets	-126.22	-79.38	-63.52	-78.19	-82.89	-66.61
Long-Term Debt/Equity (%)	- -	- -	7.06	7.29	2.76	1.55
Long-Term Debt/Capital (%)	- -	-38.74	-7.68	-6.24	-2.09	-1.52
Long-Term Debt/Total Assets (%)	- -	22.16	4.44	4.54	1.69	1
Total Debt/Equity (%)	-2.79	-36.52	9.07	8.56	3.69	1.55
Total Debt/Capital (%)	-2.45	-38.74	-9.87	-7.33	-2.79	-1.52
Total Debt/Total Assets (%)	3.02	22.16	5.71	5.34	2.25	1
Net Debt to Equity	42.72	87.05	-74.15	-49.82	-50.67	-58.45
Net Debt/Capital (%)	26.78	39.96	44.65	29.89	27.7	36.37
EBITDA	-206	-193	-207	-360	-255	108
EBITDA-CapEx	-215	-221	-219	-376	-255	108
Operating Income (Loss)	-213	-220	-228	-384	-287	62

Liquidity	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
Cash Ratio	1.08	4.28	3.6	2.06	1.7	1.75
Current Ratio	1.64	4.95	4.22	2.84	2.37	2.44
Quick Ratio	1.4	4.52	3.75	2.28	1.8	1.89
CFO/Avg Current Liab	- -	-0.91	0.01	-0.37	0.23	0.49
Common Equity/Total Assets	-126.22	-79.38	-63.52	-78.19	-82.89	-66.61
Long-Term Debt/Equity (%)	- -	- -	7.06	7.29	2.76	1.55
Long-Term Debt/Capital (%)	- -	-38.74	-7.68	-6.24	-2.09	-1.52
Long-Term Debt/Total Assets (%)	- -	22.16	4.44	4.54	1.69	1
Total Debt/Equity (%)	-2.79	-36.52	9.07	8.56	3.69	1.55
Total Debt/Capital (%)	-2.45	-38.74	-9.87	-7.33	-2.79	-1.52
Total Debt/Total Assets (%)	3.02	22.16	5.71	5.34	2.25	1
CFO/Total Liabilities	-19.81	-10.02	0.31	-23.53	17.67	41.71
CFO/CapEx	-14	-4.46	0.17	-9.75	- -	- -
Altman's Z-Score	-1.86	-0.17	9.83	8.74	8.58	1.9

Working Capital	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
Accounts Receivable Turnover	- -	104.91	136.4	84.03	75.78	63.59
Days Sales Outstanding	- -	3.48	2.68	4.34	4.82	5.74
Inventory Turnover	- -	39.73	45.61	29.21	26.59	31.95
Days Inventory Outstanding	- -	9.19	8	12.5	13.73	11.42
Accounts Payable Turnover	- -	22.32	40.4	65.37	98.03	109.28
Accounts Payable Turnover Days	- -	16.35	9.03	5.58	3.72	3.34
Cash Conversion Cycle	- -	-3.69	1.64	11.26	14.82	13.82
Inventory to Cash Days	- -	-5.71	-5.33	-8.15	-8.91	-5.68
Inventories	15	19	42	110	118	118
Raw Materials	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -
Finished Goods	17	23	42	- -	- -	- -
Other Inventory	- -	1	3	123	118	118

Enterprise Value	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
Market Capitalization	- -	- -	10,051	9,227	9,714	- -
- Cash & Cash Equivalents	150	582	809	547	605	903
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -
+ Total Debt	9	172	99	94	44	24
Enterprise Value	-141	-410	8,884	8,300	8,634	-1,393
Total Capital	-377	-444	-1,003	-1,283	-1,579	-1,580
Total Debt/Capital (%)	-2.45	-38.74	-9.87	-7.33	-2.79	-1.52
Total Debt / EV	-0.07	-0.42	0.01	0.01	0.01	-0.02
EV/Sales	- -	- -	5.21	3.04	2.23	- -
EV/EBITDA	- -	- -	- -	- -	- -	- -
EV/EBIT	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	- -	637.95	- -	63.96	- -
EV/Free Cash Flow to Firm	- -	- -	342.68	- -	63.96	- -
Diluted Market Cap	- -	- -	10,051	9,236	9,733	- -
Diluted Enterprise Value	-141	-410	9,341	8,783	9,172	-879
EV per Share	- -	- -	30.68	16.22	16.23	- -
TTM Sales	665	823	1,705	2,731	3,865	4,960
TTM EBITDA	-206	-193	-207	-360	-255	108
TTM Operating Income	-213	-220	-228	-384	-287	62
TTM Cash Flow to Firm	-126	-113	14	-156	135	360
TTM Free Cash Flow to Firm	-117	-85	26	-140	135	360

Multiples	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
Price/Earnings	- -	- -	- -	- -	- -	- -
Price/Earnings Average	- -	- -	-28.01	-35.01	-42.05	- -
Price/Earnings High	- -	- -	-41.58	-66.16	-58.39	- -
Price/Earnings Low	- -	- -	-18.25	-22.16	-29.77	- -
Price/Book Value	- -	- -	-9.12	-6.7	-5.99	- -
Price/Book Value Average	- -	- -	-12.38	-6.99	-6.37	- -
Price/Book Value High	- -	- -	-18.38	-13.21	-8.85	- -
Price/Book Value Low	- -	- -	-8.06	-4.43	-4.51	- -
Price/Tangible Book Value	- -	- -	10.04	9.59	9.21	- -
Price/Tangible Book Value Average	- -	- -	13.63	10.01	9.81	- -
Price/Tangible Book Value High	- -	- -	20.23	18.91	13.62	- -
Price/Tangible Book Value Low	- -	- -	8.88	6.34	6.94	- -
Price/Sales	- -	- -	5.9	3.38	2.51	- -
Price/Sales Average	- -	- -	8	3.53	2.68	- -
Price/Sales High	- -	- -	11.88	6.66	3.72	- -
Price/Sales Low	- -	- -	5.21	2.23	1.89	- -
Price/Cash Flow	- -	- -	5,025.73	-59.15	71.96	- -
Price/Cash Flow Average	- -	- -	6,819.95	-61.71	76.63	- -
Price/Cash Flow High	- -	- -	10,125.3	-116.62	106.4	- -
Price/Cash Flow Low	- -	- -	4,443.67	-39.07	54.24	- -
Price/Free Cash Flow	- -	- -	717.96	-65.97	72.09	- -
Price/Free Cash Flow Average	- -	- -	974.28	-68.83	76.77	- -
Price/Free Cash Flow High	- -	- -	1,446.47	-130.07	106.6	- -
Price/Free Cash Flow Low	- -	- -	634.81	-43.58	54.35	- -
EV/Sales	- -	- -	5.21	3.04	2.23	- -
EV/Sales Average	- -	- -	7.58	3.36	2.53	- -
EV/Sales High	- -	- -	11.46	6.5	3.57	- -
EV/Sales Low	- -	- -	4.8	2.07	1.75	- -
EV/EBITDA	- -	- -	- -	- -	- -	- -
EV/EBITDA Average	0.69	2.12	-62.46	-25.48	-38.37	-8.14
EV/EBITDA High	0.69	2.12	-94.4	-49.28	-54.13	-8.14
EV/EBITDA Low	0.69	2.12	-39.5	-15.67	-26.52	-8.14
EV/EBIT	- -	- -	- -	- -	- -	- -
EV/EBIT Average	0.66	1.86	-56.71	-23.89	-34.09	-14.18
EV/EBIT High	0.66	1.86	-85.7	-46.2	-48.09	-14.18
EV/EBIT Low	0.66	1.86	-35.87	-14.69	-23.56	-14.18
Last Price	- -	- -	34.71	18.03	18.26	36.45
High Price	- -	- -	69.93	35.55	27	44.12
Low Price	- -	- -	30.69	11.91	13.76	16.13
Enterprise Value	-141	-410	8,884	8,300	8,634	-1,393
Enterprise Value Average	-141	-410	12,930	9,174	9,783	-879
Enterprise Value High	-141	-410	19,541	17,740	13,803	-879
Enterprise Value Low	-141	-410	8,177	5,642	6,762	-879

Per Share Data Items	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
Shares Outstanding	499	504	507	523	543	572
Diluted Weighted Avg Shares	461	461	290	512	533	- -
Basic Weighted Avg Shares	461	461	290	512	532	- -
Revenue per Share	1.44	1.78	5.89	5.34	7.27	- -
EBITDA per Share	-0.45	-0.42	-0.71	-0.7	-0.48	- -
Operating Income per Share	-0.46	-0.48	-0.79	-0.75	-0.54	- -
Basic EPS, GAAP	-0.45	-0.54	-1.68	-0.54	-0.46	- -
Basic EPS from Cont Ops	-0.45	-0.54	-1.68	-0.54	-0.46	- -
Diluted EPS, GAAP	-0.45	-0.54	-1.68	-0.54	-0.46	- -
Diluted EPS from Cont Ops	-0.45	-0.54	-1.68	-0.54	-0.46	- -
Dividend per Share	- -	- -	- -	- -	- -	- -
Cash Flow per Share	-0.27	-0.27	0.01	-0.3	0.25	- -
Free Cash Flow per Basic Share	-0.29	-0.33	-0.03	-0.34	0.25	- -
Cash & Equivalents per Share	0.33	1.26	4.37	2	2.11	- -
Book Value per Share	-0.84	-1.34	-3.81	-2.69	-3.05	- -
Tangible Book Value per Share	-0.83	-1.11	3.46	1.88	1.98	- -

Toast, Inc.

Profitability

Credit

Liquidity

Working Capital

Enterprise Value

Multiples

Per Share Data Items