Company Valuation: Walmart Inc.

Data adjusted to current consolidation scope
Fiscal Period: January 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 387,816 387,989 444,892 788,557 949,566 901,332 - -
Change - 0.04% 14.67% 77.25% 20.42% -5.08% - -
Enterprise Value (EV) 1 415,887 423,986 481,916 825,310 990,362 951,516 951,789 952,231
Change - 1.95% 13.66% 71.26% 20% -3.92% 0.03% 0.05%
P/E 28.7x 33.7x 28.8x 40.7x 43.6x 39.1x 35x 31.6x
PBR 4.69x 5.11x 5.31x 8.67x 9.59x 8.38x 7.58x 7.11x
PEG - -2.7x 0.8x 1.6x 3.3x 6.45x 3x 2.9x
Capitalization / Revenue 0.68x 0.64x 0.69x 1.17x 1.34x 1.2x 1.15x 1.09x
EV / Revenue 0.73x 0.7x 0.75x 1.22x 1.4x 1.26x 1.21x 1.15x
EV / EBITDA 11.3x 11.9x 12.4x 19.4x 21.9x 19.4x 17.7x 16.2x
EV / EBIT 16x 17.2x 17.8x 28x 31.8x 28.2x 25.4x 23x
EV / FCF 37.6x 35.4x 31.9x 65.2x 66.4x 79.1x 56.6x 50.6x
FCF Yield 2.66% 2.83% 3.14% 1.53% 1.51% 1.26% 1.77% 1.98%
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% 0.88% 0.93% 0.97%
EPS 2 1.623 1.423 1.913 2.41 2.73 2.896 3.236 3.589
Distribution rate 45.2% 52.5% 39.7% 34.4% 34.4% 34.4% 32.4% 30.7%
Net sales 1 567,762 605,881 642,637 674,538 706,413 752,337 787,000 825,904
EBITDA 1 36,708 35,547 38,865 42,477 45,185 49,074 53,765 58,691
EBIT 1 26,050 24,602 27,012 29,504 31,096 33,693 37,523 41,464
Net income 1 13,673 11,680 15,511 19,436 21,893 23,101 25,791 28,507
Net Debt 1 28,071 35,997 37,024 36,753 40,796 50,184 50,457 50,899
Reference price 2 46.60 47.96 55.08 98.16 119.14 113.26 113.26 113.26
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.($)
39.11x1.26x19.39x0.88% 901B
27.35x1.15x10.11x0.99% 51.42B
21.07x0.62x11.73x2.56% 40.32B
15.17x0.52x7.7x3.4% 38.85B
11.14x0.32x5.97x2.62% 34.46B
46.15x0.9x10.55x2.36% 34.35B
11.98x0.46x5.86x3.93% 32.41B
21.89x0.73x6.19x1.4% 26.8B
51.5x0.62x10.4x1.05% 24.15B
Average 27.26x 0.73x 9.77x 2.13% 131.57B
Weighted average by Cap. 35.71x 1.13x 16.84x 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