Company Valuation: Walmart Inc.

Data adjusted to current consolidation scope
Fiscal Period: January 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 387,816 387,989 444,892 788,557 949,566 908,972 - -
Change - 0.04% 14.67% 77.25% 20.42% -4.27% - -
Enterprise Value (EV) 1 415,887 423,986 481,916 825,310 990,362 957,625 957,906 959,802
Change - 1.95% 13.66% 71.26% 20% -3.31% 0.03% 0.2%
P/E 28.7x 33.7x 28.8x 40.7x 43.6x 39.4x 35.3x 31.8x
PBR 4.69x 5.11x 5.31x 8.67x 9.59x 8.45x 7.65x 7.17x
PEG - -2.7x 0.8x 1.6x 3.3x 6.33x 3x 2.9x
Capitalization / Revenue 0.68x 0.64x 0.69x 1.17x 1.34x 1.21x 1.16x 1.1x
EV / Revenue 0.73x 0.7x 0.75x 1.22x 1.4x 1.27x 1.22x 1.16x
EV / EBITDA 11.3x 11.9x 12.4x 19.4x 21.9x 19.5x 17.8x 16.3x
EV / EBIT 16x 17.2x 17.8x 28x 31.8x 28.4x 25.5x 23.1x
EV / FCF 37.6x 35.4x 31.9x 65.2x 66.4x 84.9x 59.1x 51x
FCF Yield 2.66% 2.83% 3.14% 1.53% 1.51% 1.18% 1.69% 1.96%
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% 0.87% 0.92% 0.96%
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% 30.6%
Net sales 1 567,762 605,881 642,637 674,538 706,413 752,172 786,933 825,571
EBITDA 1 36,708 35,547 38,865 42,477 45,185 49,084 53,790 58,742
EBIT 1 26,050 24,602 27,012 29,504 31,096 33,725 37,562 41,519
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 98.16 119.14 114.22 114.22 114.22
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 2/21/23 2/20/24 2/20/25 2/19/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
29.13x1.23x10.77x0.93% 54.2B
21.31x0.62x11.82x2.53% 40.74B
16.14x0.55x8.07x3.19% 40.73B
11.72x0.34x6.19x2.49% 36.26B
12.81x0.49x6.15x3.63% 35.04B
46.1x0.9x10.55x2.37% 33.91B
23.52x0.78x6.62x1.31% 28.59B
52.63x0.63x10.59x1.03% 24.01B
25.82x0.66x12.83x-.--% 22.35B
Average 26.58x 0.69x 9.29x 1.94% 35.09B
Weighted average by Cap. 25.50x 0.72x 9.25x 2.04%

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