Company Valuation: Walmart Inc.

Data adjusted to current consolidation scope
Fiscal Period: January 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 387,816 387,989 444,892 788,557 949,566 895,523 - -
Change - 0.04% 14.67% 77.25% 20.42% -5.69% - -
Enterprise Value (EV) 1 415,887 423,986 481,916 825,310 990,362 944,176 944,457 946,353
Change - 1.95% 13.66% 71.26% 20% -4.66% 0.03% 0.2%
P/E 28.7x 33.7x 28.8x 40.7x 43.6x 39.6x 35.5x 32x
PBR 4.69x 5.11x 5.31x 8.67x 9.59x 8.5x 7.7x 7.22x
PEG - -2.7x 0.8x 1.6x 3.3x 6.36x 3x 2.9x
Capitalization / Revenue 0.68x 0.64x 0.69x 1.17x 1.34x 1.19x 1.14x 1.08x
EV / Revenue 0.73x 0.7x 0.75x 1.22x 1.4x 1.26x 1.2x 1.15x
EV / EBITDA 11.3x 11.9x 12.4x 19.4x 21.9x 19.2x 17.6x 16.1x
EV / EBIT 16x 17.2x 17.8x 28x 31.8x 28x 25.1x 22.8x
EV / FCF 37.6x 35.4x 31.9x 65.2x 66.4x 83.7x 58.2x 50.3x
FCF Yield 2.66% 2.83% 3.14% 1.53% 1.51% 1.19% 1.72% 1.99%
Dividend per Share 2 0.7333 0.7467 0.76 0.83 0.94 0.9966 1.048 1.09
Rate of return 1.57% 1.56% 1.38% 0.85% 0.79% 0.87% 0.91% 0.95%
EPS 2 1.623 1.423 1.913 2.41 2.73 2.9 3.24 3.595
Distribution rate 45.2% 52.5% 39.7% 34.4% 34.4% 34.4% 32.3% 30.3%
Net sales 1 567,762 605,881 642,637 674,538 706,413 752,233 787,002 825,606
EBITDA 1 36,708 35,547 38,865 42,477 45,185 49,090 53,796 58,752
EBIT 1 26,050 24,602 27,012 29,504 31,096 33,731 37,597 41,560
Net income 1 13,673 11,680 15,511 19,436 21,893 23,130 25,857 28,562
Net Debt 1 28,071 35,997 37,024 36,753 40,796 48,654 48,934 50,830
Reference price 2 46.60 47.96 55.08 98.16 119.14 114.95 114.95 114.95
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 2/17/22 A 2/21/23 A 2/20/24 A 2/20/25 A 2/19/26 A - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
28.23x1.2x10.39x0.96% 52.75B
15.53x0.53x7.83x3.32% 39.66B
20.15x0.6x11.5x2.67% 38.6B
13.16x0.5x6.26x3.53% 36.12B
11.2x0.33x5.99x2.61% 34.65B
45.57x0.89x10.47x2.39% 33.64B
22.12x0.74x6.36x1.39% 26.98B
50.64x0.62x10.38x1.07% 23.33B
24.72x0.63x12.33x-.--% 21.37B
Average 25.70x 0.67x 9.06x 1.99% 34.12B
Weighted average by Cap. 24.70x 0.70x 9.01x 2.11%

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