Company Valuation: Walmart Inc.

Data adjusted to current consolidation scope
Fiscal Period: January 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 3,87,816 3,87,989 4,44,892 7,88,557 9,49,566 8,71,171 - -
Change - 0.04% 14.67% 77.25% 20.42% -8.26% - -
Enterprise Value (EV) 1 4,15,887 4,23,986 4,81,916 8,25,310 9,90,362 9,19,824 9,20,105 9,22,001
Change - 1.95% 13.66% 71.26% 20% -7.12% 0.03% 0.21%
P/E 28.7x 33.7x 28.8x 40.7x 43.6x 38.5x 34.5x 31.1x
PBR 4.69x 5.11x 5.31x 8.67x 9.59x 8.27x 7.48x 7.02x
PEG - -2.7x 0.8x 1.6x 3.3x 6.18x 2.9x 2.8x
Capitalization / Revenue 0.68x 0.64x 0.69x 1.17x 1.34x 1.16x 1.11x 1.06x
EV / Revenue 0.73x 0.7x 0.75x 1.22x 1.4x 1.22x 1.17x 1.12x
EV / EBITDA 11.3x 11.9x 12.4x 19.4x 21.9x 18.7x 17.1x 15.7x
EV / EBIT 16x 17.2x 17.8x 28x 31.8x 27.3x 24.5x 22.2x
EV / FCF 37.6x 35.4x 31.9x 65.2x 66.4x 81.6x 56.7x 49x
FCF Yield 2.66% 2.83% 3.14% 1.53% 1.51% 1.23% 1.76% 2.04%
Dividend per Share 2 0.7333 0.7467 0.76 0.83 0.94 0.9966 1.048 1.102
Rate of return 1.57% 1.56% 1.38% 0.85% 0.79% 0.89% 0.94% 0.99%
EPS 2 1.623 1.423 1.913 2.41 2.73 2.9 3.24 3.595
Distribution rate 45.2% 52.5% 39.7% 34.4% 34.4% 34.4% 32.3% 30.6%
Net sales 1 5,67,762 6,05,881 6,42,637 6,74,538 7,06,413 7,52,172 7,86,933 8,25,571
EBITDA 1 36,708 35,547 38,865 42,477 45,185 49,084 53,790 58,742
EBIT 1 26,050 24,602 27,012 29,504 31,096 33,725 37,562 41,519
Net income 1 13,673 11,680 15,511 19,436 21,893 23,130 25,857 28,562
Net Debt 1 28,071 35,997 37,024 36,753 40,796 48,654 48,934 50,830
Reference price 2 46.60 47.96 55.08 98.16 119.14 111.74 111.74 111.74
Nbr of stocks (in thousands) 83,21,635 80,90,400 80,76,701 80,33,386 79,70,167 79,58,079 - -
Announcement Date 17/02/22 21/02/23 20/02/24 20/02/25 19/02/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
37.75x1.22x18.74x0.91% 87TCr
28.35x1.2x10.49x0.96% 5.28TCr
15.78x0.54x7.93x3.27% 3.99TCr
20.79x0.61x11.59x2.6% 3.97TCr
11.26x0.33x6.02x2.6% 3.48TCr
12.33x0.47x6x3.77% 3.37TCr
45.4x0.89x10.42x2.4% 3.35TCr
22.79x0.76x6.46x1.35% 2.77TCr
49.63x0.61x10.27x1.09% 2.26TCr
24.73x0.63x12.39x-.--% 2.14TCr
Average 26.88x 0.73x 10.03x 1.89% 11.77TCr
Weighted average by Cap. 34.36x 1.09x 16.22x 1.22%

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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