Company Valuation: Walmart Inc.

Data adjusted to current consolidation scope
Fiscal Period: January 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 387,816 387,989 444,892 788,557 949,566 840,342 - -
Change - 0.04% 14.67% 77.25% 20.42% -11.5% - -
Enterprise Value (EV) 1 415,887 423,986 481,916 825,310 990,362 892,643 891,461 892,768
Change - 1.95% 13.66% 71.26% 20% -9.87% -0.13% 0.15%
P/E 28.7x 33.7x 28.8x 40.7x 43.6x 36.8x 33.3x 29.8x
PBR 4.69x 5.11x 5.31x 8.67x 9.59x 7.77x 7.05x 6.58x
PEG - -2.7x 0.8x 1.6x 3.3x 6.71x 3.1x 2.5x
Capitalization / Revenue 0.68x 0.64x 0.69x 1.17x 1.34x 1.12x 1.07x 1.02x
EV / Revenue 0.73x 0.7x 0.75x 1.22x 1.4x 1.19x 1.13x 1.08x
EV / EBITDA 11.3x 11.9x 12.4x 19.4x 21.9x 18.1x 16.7x 15.4x
EV / EBIT 16x 17.2x 17.8x 28x 31.8x 26.5x 24.2x 21.9x
EV / FCF 37.6x 35.4x 31.9x 65.2x 66.4x 76.3x 55.1x 48.2x
FCF Yield 2.66% 2.83% 3.14% 1.53% 1.51% 1.31% 1.82% 2.07%
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% 0.94% 0.99% 1.04%
EPS 2 1.623 1.423 1.913 2.41 2.73 2.88 3.185 3.559
Distribution rate 45.2% 52.5% 39.7% 34.4% 34.4% 34.6% 32.8% 30.9%
Net sales 1 567,762 605,881 642,637 674,538 706,413 752,857 785,875 822,865
EBITDA 1 36,708 35,547 38,865 42,477 45,185 49,232 53,373 58,023
EBIT 1 26,050 24,602 27,012 29,504 31,096 33,732 36,873 40,851
Net income 1 13,673 11,680 15,511 19,436 21,893 22,989 25,385 28,013
Net Debt 1 28,071 35,997 37,024 36,753 40,796 52,301 51,119 52,425
Reference price 2 46.60 47.96 55.08 98.16 119.14 105.92 105.92 105.92
Nbr of stocks (in thousands) 8,321,635 8,090,400 8,076,701 8,033,386 7,970,167 7,933,746 - -
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.($)
36.78x1.19x18.13x0.94% 840B
23.98x1.15x10.02x0.99% 51.49B
15.49x0.53x7.83x3.33% 39.75B
16.31x0.63x11.82x2.7% 39.34B
11.47x0.33x6.11x2.56% 35.52B
26.86x0.84x9.65x2.74% 34.31B
11.49x0.45x5.7x4.09% 31.24B
20.27x0.76x6.3x1.28% 26.5B
50.17x0.56x9.42x1.08% 23.52B
26.78x0.68x13.11x-.--% 23.07B
Average 23.96x 0.71x 9.81x 1.97% 114.51B
Weighted average by Cap. 32.68x 1.05x 15.67x 1.27%

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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