Company Valuation: Costco Wholesale Corporation

Data adjusted to current consolidation scope
Fiscal Period: August 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 201,358 231,271 243,413 395,623 418,341 435,686 - -
Change - 14.86% 5.25% 62.53% 5.74% 4.15% - -
Enterprise Value (EV) 1 197,591 227,625 236,171 391,614 409,893 423,965 420,835 417,096
Change - 15.2% 3.75% 65.82% 4.67% 3.43% -0.74% -0.89%
P/E Ratio 40.4x 39.7x 38.8x 53.9x 51.8x 47.7x 43.3x 39.4x
PBR 11.5x 11.2x 9.7x 16.7x 14.3x 12.4x 10.4x 8.89x
PEG - 2.4x 5x 3.2x 5.2x 3.7x 4.3x 3.9x
Capitalization / Revenue 1.03x 1.02x 1x 1.55x 1.52x 1.45x 1.34x 1.25x
EV / Revenue 1.01x 1x 0.97x 1.54x 1.49x 1.41x 1.29x 1.19x
EV / EBITDA 23.3x 23.5x 23.2x 34x 32x 29.6x 26.3x 23.7x
EV / EBIT 29.5x 29.2x 29.1x 42.2x 39.5x 36.4x 32.5x 29.2x
EV / FCF 36.8x 65x 35x 59.1x 52.3x 54.3x 52x 44.8x
FCF Yield 2.72% 1.54% 2.86% 1.69% 1.91% 1.84% 1.92% 2.23%
Dividend per Share 2 2.98 3.38 3.84 19.36 4.92 5.313 5.93 6.284
Rate of return 0.65% 0.65% 0.7% 2.17% 0.52% 0.54% 0.6% 0.64%
EPS 2 11.27 13.14 14.16 16.56 18.21 20.58 22.66 24.93
Distribution rate 26.4% 25.7% 27.1% 117% 27% 25.8% 26.2% 25.2%
Net sales 1 195,929 226,954 242,290 254,453 275,235 301,071 325,549 349,422
EBITDA 1 8,489 9,693 10,191 11,522 12,809 14,333 15,976 17,589
EBIT 1 6,708 7,793 8,114 9,285 10,383 11,645 12,963 14,301
Net income 1 5,007 5,844 6,292 7,367 8,099 9,138 10,073 11,071
Net Debt 1 -3,767 -3,646 -7,242 -4,009 -8,448 -11,721 -14,851 -18,590
Reference price 2 455.49 522.10 549.28 892.38 943.32 982.35 982.35 982.35
Nbr of stocks (in thousands) 442,069 442,963 443,148 443,335 443,477 443,514 - -
Announcement Date 23/09/21 22/09/22 26/09/23 26/09/24 25/09/25 - - -
1USD in Million2USD
Estimates

P/E Ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
47.73x1.41x29.58x0.54% 436B
16.38x0.68x8.75x3.36% 61.42B
16.61x0.89x8.75x2.93% 52.2B
36.94x6.95x21.7x0.26% 37.03B
15.57x0.63x8.04x2.08% 25.32B
22.44x1.13x12.19x1% 15.96B
13.9x1.22x6.11x1.75% 5.26B
18.48x1.54x11.02x-.--% 5.03B
14.96x0.53x7.73x4.91% 4.65B
10.42x0.73x5.93x4.7% 2.71B
Average 21.34x 1.57x 11.98x 2.15% 64.53B
Weighted average by Cap. 38.83x 1.57x 23.59x 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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  4. Valuation Costco Wholesale Corporation
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