Company Valuation: Walmart Inc.

Data adjusted to current consolidation scope
Fiscal Period: January 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 387,816 387,989 444,892 788,557 949,566 847,456 - -
Change - 0.04% 14.67% 77.25% 20.42% -10.75% - -
Enterprise Value (EV) 1 415,887 423,986 481,916 825,310 990,362 899,595 897,962 899,015
Change - 1.95% 13.66% 71.26% 20% -9.17% -0.18% 0.12%
P/E 28.7x 33.7x 28.8x 40.7x 43.6x 37x 33.3x 29.8x
PBR 4.69x 5.11x 5.31x 8.67x 9.59x 7.81x 7.09x 6.61x
PEG - -2.7x 0.8x 1.6x 3.3x 6.77x 3x 2.5x
Capitalization / Revenue 0.68x 0.64x 0.69x 1.17x 1.34x 1.13x 1.08x 1.03x
EV / Revenue 0.73x 0.7x 0.75x 1.22x 1.4x 1.2x 1.14x 1.09x
EV / EBITDA 11.3x 11.9x 12.4x 19.4x 21.9x 18.3x 16.8x 15.5x
EV / EBIT 16x 17.2x 17.8x 28x 31.8x 26.7x 24.3x 22x
EV / FCF 37.6x 35.4x 31.9x 65.2x 66.4x 78.5x 54x 48.3x
FCF Yield 2.66% 2.83% 3.14% 1.53% 1.51% 1.27% 1.85% 2.07%
Dividend per Share 2 0.7333 0.7467 0.76 0.83 0.94 0.9975 1.047 1.101
Rate of return 1.57% 1.56% 1.38% 0.85% 0.79% 0.94% 0.98% 1.03%
EPS 2 1.623 1.423 1.913 2.41 2.73 2.879 3.201 3.577
Distribution rate 45.2% 52.5% 39.7% 34.4% 34.4% 34.6% 32.7% 30.8%
Net sales 1 567,762 605,881 642,637 674,538 706,413 752,109 785,664 822,646
EBITDA 1 36,708 35,547 38,865 42,477 45,185 49,117 53,348 57,902
EBIT 1 26,050 24,602 27,012 29,504 31,096 33,726 36,921 40,777
Net income 1 13,673 11,680 15,511 19,436 21,893 22,990 25,543 28,263
Net Debt 1 28,071 35,997 37,024 36,753 40,796 52,139 50,507 51,559
Reference price 2 46.60 47.96 55.08 98.16 119.14 106.49 106.49 106.49
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
36.02x1.17x17.83x0.96% 825B
23.37x1.13x9.78x1.01% 50.68B
16.73x0.64x12.02x2.64% 40.29B
15.02x0.52x7.65x3.43% 38.83B
11.46x0.33x6.09x2.55% 35.47B
45.02x0.88x10.36x2.42% 34.02B
11.57x0.45x5.73x4.07% 31.66B
20.02x0.75x6.24x1.3% 26.42B
51.45x0.62x10.48x1.05% 24.12B
27.53x0.69x13.41x-.--% 23.71B
Average 25.82x 0.72x 9.96x 1.94% 113.05B
Weighted average by Cap. 32.63x 1.04x 15.46x 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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