Company Valuation: Walmart Inc.

Data adjusted to current consolidation scope
Fiscal Period: January 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 387,816 387,989 444,892 788,557 949,566 932,528 - -
Change - 0.04% 14.67% 77.25% 20.42% -1.79% - -
Enterprise Value (EV) 1 415,887 423,986 481,916 825,310 990,362 976,979 979,577 980,895
Change - 1.95% 13.66% 71.26% 20% -1.35% 0.27% 0.13%
P/E 28.7x 33.7x 28.8x 40.7x 43.6x 40.3x 36.2x 32.8x
PBR 4.69x 5.11x 5.31x 8.67x 9.59x 8.67x 7.84x 7.36x
PEG - -2.7x 0.8x 1.6x 3.3x 6.22x 3.2x 3.2x
Capitalization / Revenue 0.68x 0.64x 0.69x 1.17x 1.34x 1.24x 1.18x 1.13x
EV / Revenue 0.73x 0.7x 0.75x 1.22x 1.4x 1.3x 1.24x 1.19x
EV / EBITDA 11.3x 11.9x 12.4x 19.4x 21.9x 19.9x 18.2x 16.7x
EV / EBIT 16x 17.2x 17.8x 28x 31.8x 28.9x 26x 23.6x
EV / FCF 37.6x 35.4x 31.9x 65.2x 66.4x 83.7x 59.2x 52.4x
FCF Yield 2.66% 2.83% 3.14% 1.53% 1.51% 1.19% 1.69% 1.91%
Dividend per Share 2 0.7333 0.7467 0.76 0.83 0.94 0.9971 1.048 1.091
Rate of return 1.57% 1.56% 1.38% 0.85% 0.79% 0.85% 0.89% 0.93%
EPS 2 1.623 1.423 1.913 2.41 2.73 2.907 3.24 3.575
Distribution rate 45.2% 52.5% 39.7% 34.4% 34.4% 34.3% 32.4% 30.5%
Net sales 1 567,762 605,881 642,637 674,538 706,413 752,196 786,994 825,666
EBITDA 1 36,708 35,547 38,865 42,477 45,185 49,186 53,863 58,837
EBIT 1 26,050 24,602 27,012 29,504 31,096 33,797 37,641 41,605
Net income 1 13,673 11,680 15,511 19,436 21,893 23,191 25,903 28,479
Net Debt 1 28,071 35,997 37,024 36,753 40,796 44,451 47,050 48,367
Reference price 2 46.60 47.96 55.08 98.16 119.14 117.18 117.18 117.18
Nbr of stocks (in thousands) 8,321,635 8,090,400 8,076,701 8,033,386 7,970,167 7,958,079 - -
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.($)
27.92x1.19x10.32x0.97% 51.91B
19.37x0.58x11.08x2.77% 37.29B
14.79x0.52x7.6x3.49% 37.4B
12.5x0.48x6.06x3.73% 34.47B
10.94x0.32x5.94x2.61% 34.16B
44.56x0.88x10.31x2.44% 33.01B
22.08x0.74x6.25x1.32% 26.71B
48.19x0.6x10.09x1.12% 22.36B
23.67x0.61x11.84x-.--% 20.43B
Average 24.89x 0.66x 8.83x 2.05% 33.08B
Weighted average by Cap. 24.02x 0.69x 8.80x 2.16%

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

-40%: Exceptional extension
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