Company Valuation: Walmart Inc.

Data adjusted to current consolidation scope
Fiscal Period: January 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 387,816 387,989 444,892 788,557 949,566 890,111 - -
Change - 0.04% 14.67% 77.25% 20.42% -6.26% - -
Enterprise Value (EV) 1 415,887 423,986 481,916 825,310 990,362 938,801 939,119 941,010
Change - 1.95% 13.66% 71.26% 20% -5.21% 0.03% 0.2%
P/E 28.7x 33.7x 28.8x 40.7x 43.6x 38.6x 34.6x 31.2x
PBR 4.69x 5.11x 5.31x 8.67x 9.59x 8.27x 7.49x 7.03x
PEG - -2.7x 0.8x 1.6x 3.3x 6.27x 3x 2.9x
Capitalization / Revenue 0.68x 0.64x 0.69x 1.17x 1.34x 1.18x 1.13x 1.08x
EV / Revenue 0.73x 0.7x 0.75x 1.22x 1.4x 1.25x 1.19x 1.14x
EV / EBITDA 11.3x 11.9x 12.4x 19.4x 21.9x 19.1x 17.5x 16x
EV / EBIT 16x 17.2x 17.8x 28x 31.8x 27.9x 25x 22.7x
EV / FCF 37.6x 35.4x 31.9x 65.2x 66.4x 78x 55.9x 50x
FCF Yield 2.66% 2.83% 3.14% 1.53% 1.51% 1.28% 1.79% 2%
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% 0.89% 0.94% 0.99%
EPS 2 1.623 1.423 1.913 2.41 2.73 2.898 3.237 3.589
Distribution rate 45.2% 52.5% 39.7% 34.4% 34.4% 34.4% 32.4% 30.7%
Net sales 1 567,762 605,881 642,637 674,538 706,413 752,159 786,844 825,425
EBITDA 1 36,708 35,547 38,865 42,477 45,185 49,074 53,763 58,691
EBIT 1 26,050 24,602 27,012 29,504 31,096 33,694 37,509 41,493
Net income 1 13,673 11,680 15,511 19,436 21,893 23,122 25,828 28,507
Net Debt 1 28,071 35,997 37,024 36,753 40,796 48,690 49,008 50,899
Reference price 2 46.60 47.96 55.08 98.16 119.14 111.85 111.85 111.85
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 17/2/22 21/2/23 20/2/24 20/2/25 19/2/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
38.59x1.25x19.13x0.89% 890B
27.7x1.17x10.23x0.98% 52.05B
21.08x0.62x11.73x2.56% 40.34B
15.61x0.54x7.87x3.3% 39.95B
11.23x0.33x6x2.6% 34.76B
46.67x0.91x10.64x2.34% 34.75B
12.36x0.47x5.97x3.8% 33.67B
22.2x0.74x6.31x1.38% 27.17B
51.56x0.62x10.41x1.05% 24.41B
Average 27.45x 0.74x 9.81x 2.1% 130.8B
Weighted average by Cap. 35.30x 1.11x 16.61x 1.23%

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