Company Valuation: Walmart Inc.

Data adjusted to current consolidation scope
Fiscal Period: January 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 387,816 387,989 444,892 788,557 949,566 909,608 - -
Change - 0.04% 14.67% 77.25% 20.42% -4.21% - -
Enterprise Value (EV) 1 415,887 423,986 481,916 825,310 990,362 958,654 958,795 960,153
Change - 1.95% 13.66% 71.26% 20% -3.2% 0.01% 0.14%
P/E 28.7x 33.7x 28.8x 40.7x 43.6x 39.5x 35.3x 31.9x
PBR 4.69x 5.11x 5.31x 8.67x 9.59x 8.45x 7.64x 7.15x
PEG - -2.7x 0.8x 1.6x 3.3x 6.58x 3x 3x
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 16.4x
EV / EBIT 16x 17.2x 17.8x 28x 31.8x 28.5x 25.6x 23.2x
EV / FCF 37.6x 35.4x 31.9x 65.2x 66.4x 79.7x 57x 51x
FCF Yield 2.66% 2.83% 3.14% 1.53% 1.51% 1.25% 1.75% 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 2.894 3.234 3.583
Distribution rate 45.2% 52.5% 39.7% 34.4% 34.4% 34.4% 32.4% 30.8%
Net sales 1 567,762 605,881 642,637 674,538 706,413 752,265 786,651 825,588
EBITDA 1 36,708 35,547 38,865 42,477 45,185 49,071 53,758 58,667
EBIT 1 26,050 24,602 27,012 29,504 31,096 33,694 37,498 41,444
Net income 1 13,673 11,680 15,511 19,436 21,893 23,086 25,745 28,451
Net Debt 1 28,071 35,997 37,024 36,753 40,796 49,045 49,186 50,545
Reference price 2 46.60 47.96 55.08 98.16 119.14 114.30 114.30 114.30
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.($)
39.81x1.28x19.68x0.87% 917B
23.51x1.13x9.84x1.01% 50.55B
20.5x0.6x11.48x2.63% 39.22B
14.66x0.51x7.51x3.52% 37.64B
11.15x0.33x5.98x2.62% 34.52B
45.74x0.89x10.48x2.39% 34.21B
11.86x0.46x5.82x3.96% 32.21B
20.21x0.76x6.28x1.28% 26.45B
50.19x0.61x10.35x1.08% 23.44B
Average 26.40x 0.73x 9.71x 2.15% 132.78B
Weighted average by Cap. 36.05x 1.14x 17.10x 1.2%

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