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 8,62,636 - -
Change - 0.04% 14.67% 77.25% 20.42% -9.15% - -
Enterprise Value (EV) 1 4,15,887 4,23,986 4,81,916 8,25,310 9,90,362 9,13,619 9,14,333 9,15,854
Change - 1.95% 13.66% 71.26% 20% -7.75% 0.08% 0.17%
P/E 28.7x 33.7x 28.8x 40.7x 43.6x 37.8x 34.2x 30.6x
PBR 4.69x 5.11x 5.31x 8.67x 9.59x 7.98x 7.24x 6.75x
PEG - -2.7x 0.8x 1.6x 3.3x 6.88x 3.3x 2.6x
Capitalization / Revenue 0.68x 0.64x 0.69x 1.17x 1.34x 1.15x 1.1x 1.05x
EV / Revenue 0.73x 0.7x 0.75x 1.22x 1.4x 1.21x 1.16x 1.11x
EV / EBITDA 11.3x 11.9x 12.4x 19.4x 21.9x 18.6x 17.1x 15.8x
EV / EBIT 16x 17.2x 17.8x 28x 31.8x 27.1x 24.8x 22.4x
EV / FCF 37.6x 35.4x 31.9x 65.2x 66.4x 78.1x 56.6x 49.5x
FCF Yield 2.66% 2.83% 3.14% 1.53% 1.51% 1.28% 1.77% 2.02%
Dividend per Share 2 0.7333 0.7467 0.76 0.83 0.94 0.997 1.044 1.1
Rate of return 1.57% 1.56% 1.38% 0.85% 0.79% 0.92% 0.96% 1.01%
EPS 2 1.623 1.423 1.913 2.41 2.73 2.88 3.183 3.552
Distribution rate 45.2% 52.5% 39.7% 34.4% 34.4% 34.6% 32.8% 31%
Net sales 1 5,67,762 6,05,881 6,42,637 6,74,538 7,06,413 7,52,778 7,86,065 8,23,057
EBITDA 1 36,708 35,547 38,865 42,477 45,185 49,164 53,341 57,957
EBIT 1 26,050 24,602 27,012 29,504 31,096 33,660 36,859 40,815
Net income 1 13,673 11,680 15,511 19,436 21,893 22,985 25,375 28,067
Net Debt 1 28,071 35,997 37,024 36,753 40,796 50,982 51,697 53,218
Reference price 2 46.60 47.96 55.08 98.16 119.14 108.73 108.73 108.73
Nbr of stocks (in thousands) 83,21,635 80,90,400 80,76,701 80,33,386 79,70,167 79,33,746 - -
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.($)
37.75x1.21x18.58x0.92% 86TCr
24.32x1.17x10.14x0.97% 5.12TCr
15.69x0.54x7.91x3.27% 3.95TCr
15.73x0.62x11.66x2.82% 3.86TCr
11.88x0.33x6.19x2.5% 3.53TCr
26.54x0.83x9.56x2.78% 3.33TCr
12.06x0.46x5.84x3.9% 3.21TCr
21.06x0.78x6.47x1.23% 2.7TCr
48.6x0.54x9.05x1.16% 2.22TCr
23.42x0.61x11.76x-.--% 2.03TCr
Average 23.71x 0.71x 9.72x 1.96% 11.62TCr
Weighted average by Cap. 33.43x 1.08x 16.05x 1.24%

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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