Toast Valuation
Is TOST * undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
1/6Valuation Score 1/6
Below Fair Value
Significantly Below Fair Value
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Analyst Forecast
Share Price vs Fair Value
What is the Fair Price of TOST * when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: TOST * (MX$880.77) is trading above our estimate of fair value (MX$434.84)
Significantly Below Fair Value: TOST * is trading above our estimate of fair value.
Key Valuation Metric
Which metric is best to use when looking at relative valuation for TOST *?
Key metric: As TOST * is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.
| What is TOST *'s PS Ratio? | |
|---|---|
| PS Ratio | 5.2x |
| Sales | US$4.66b |
| Market Cap | US$24.42b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 5x |
| Enterprise Value/EBITDA | 11595x |
| PEG Ratio | n/a |
Price to Sales Ratio vs Peers
How does TOST *'s PS Ratio compare to its peers?
| Company | Forward PS | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 11.1x | ||
AFRM Affirm Holdings | 8.6x | 19.7% | US$20.9b |
CPAY Corpay | 6.9x | 9.9% | US$26.5b |
ADYEN Adyen | 23.1x | 18.8% | €41.8b |
WISE Wise | 5.7x | 11.1% | UK£9.0b |
TOST * Toast | 5.2x | 17.3% | Mex$24.4b |
Price-To-Sales vs Peers: TOST * is good value based on its Price-To-Sales Ratio (5.2x) compared to the peer average (11.1x).
Price to Sales Ratio vs Industry
How does TOST *'s PS Ratio compare vs other companies in the South American Diversified Financial Industry?
| 4 Companies | Price / Sales | Estimated Growth | Market Cap |
|---|---|---|---|
| 4 Companies | Estimated Growth | Market Cap | |
|---|---|---|---|
Price-To-Sales vs Industry: TOST * is expensive based on its Price-To-Sales Ratio (5.2x) compared to the South American Diversified Financial industry average (1.4x).
Price to Sales Ratio vs Fair Ratio
What is TOST *'s PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
| Fair Ratio | |
|---|---|
| Current PS Ratio | 5.2x |
| Fair PS Ratio | n/a |
Price-To-Sales vs Fair Ratio: Insufficient data to calculate TOST *'s Price-To-Sales Fair Ratio for valuation analysis.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
| Date | Share Price | Average 1Y Price Target | Dispersion | High | Low | 1Y Actual price | Analysts |
|---|---|---|---|---|---|---|---|
| Current | Mex$880.77 | Mex$780.16 -11.4% | 18.0% | Mex$1,015.63 | Mex$507.81 | n/a | 25 |
| Nov ’25 | Mex$605.37 | Mex$599.69 -0.9% | 11.7% | Mex$709.68 | Mex$466.36 | n/a | 24 |
| Oct ’25 | n/a | Mex$549.19 0% | 11.9% | Mex$647.57 | Mex$372.84 | n/a | 23 |
| Sep ’25 | n/a | Mex$525.57 0% | 11.7% | Mex$626.86 | Mex$360.92 | n/a | 22 |
| Aug ’25 | n/a | Mex$503.78 0% | 11.9% | Mex$593.64 | Mex$341.79 | n/a | 23 |
| Jul ’25 | n/a | Mex$465.29 0% | 12.5% | Mex$552.80 | Mex$322.18 | n/a | 23 |
| Jun ’25 | n/a | Mex$465.29 0% | 12.5% | Mex$552.80 | Mex$322.18 | n/a | 23 |
| May ’25 | n/a | Mex$409.91 0% | 17.9% | Mex$534.90 | Mex$284.17 | n/a | 22 |
| Apr ’25 | n/a | Mex$394.63 0% | 19.1% | Mex$531.97 | Mex$249.36 | n/a | 21 |
| Mar ’25 | Mex$364.00 | Mex$383.87 +5.5% | 15.6% | Mex$530.66 | Mex$256.77 | n/a | 20 |
| Feb ’25 | n/a | Mex$330.97 0% | 16.2% | Mex$413.01 | Mex$206.50 | n/a | 20 |
| Jan ’25 | Mex$321.00 | Mex$316.21 -1.5% | 17.1% | Mex$407.73 | Mex$203.86 | n/a | 19 |
| Dec ’24 | n/a | Mex$319.54 0% | 16.3% | Mex$376.37 | Mex$205.29 | n/a | 18 |
| Nov ’24 | Mex$309.00 | Mex$419.24 +35.7% | 17.5% | Mex$559.66 | Mex$288.86 | Mex$605.37 | 18 |
| Oct ’24 | n/a | Mex$444.49 0% | 13.6% | Mex$540.36 | Mex$331.19 | n/a | 16 |
| Sep ’24 | n/a | Mex$434.15 0% | 12.3% | Mex$524.59 | Mex$321.52 | n/a | 18 |
| Aug ’24 | Mex$362.00 | Mex$404.94 +11.9% | 12.7% | Mex$501.54 | Mex$300.92 | n/a | 18 |
| Jul ’24 | n/a | Mex$407.34 0% | 13.0% | Mex$512.32 | Mex$307.39 | n/a | 17 |
| Jun ’24 | n/a | Mex$418.05 0% | 12.9% | Mex$526.60 | Mex$315.96 | n/a | 19 |
| May ’24 | n/a | Mex$407.54 0% | 15.7% | Mex$539.40 | Mex$287.68 | n/a | 18 |
| Apr ’24 | n/a | Mex$437.56 0% | 14.2% | Mex$558.59 | Mex$297.91 | n/a | 17 |
| Mar ’24 | n/a | Mex$439.97 0% | 11.8% | Mex$550.68 | Mex$348.76 | Mex$364.00 | 16 |
| Feb ’24 | n/a | Mex$464.20 0% | 13.8% | Mex$601.70 | Mex$357.26 | n/a | 16 |
| Jan ’24 | n/a | Mex$496.77 0% | 12.4% | Mex$619.35 | Mex$406.45 | Mex$321.00 | 15 |
| Dec ’23 | n/a | Mex$496.77 0% | 12.4% | Mex$619.35 | Mex$406.45 | n/a | 15 |
| Nov ’23 | n/a | Mex$491.12 0% | 9.9% | Mex$578.96 | Mex$409.26 | Mex$309.00 | 15 |
Analyst Forecast: Target price is lower than the current share price.
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