Company Valuation: Walmart Inc.

Data adjusted to current consolidation scope
Fiscal Period: January 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 387,816 387,989 444,892 788,557 949,566 923,217 - -
Change - 0.04% 14.67% 77.25% 20.42% -2.77% - -
Enterprise Value (EV) 1 415,887 423,986 481,916 825,310 990,362 973,401 973,674 974,115
Change - 1.95% 13.66% 71.26% 20% -1.71% 0.03% 0.05%
P/E 28.7x 33.7x 28.8x 40.7x 43.6x 40.1x 35.9x 32.3x
PBR 4.69x 5.11x 5.31x 8.67x 9.59x 8.58x 7.77x 7.29x
PEG - -2.7x 0.8x 1.6x 3.3x 6.61x 3.1x 3x
Capitalization / Revenue 0.68x 0.64x 0.69x 1.17x 1.34x 1.23x 1.17x 1.12x
EV / Revenue 0.73x 0.7x 0.75x 1.22x 1.4x 1.29x 1.24x 1.18x
EV / EBITDA 11.3x 11.9x 12.4x 19.4x 21.9x 19.8x 18.1x 16.6x
EV / EBIT 16x 17.2x 17.8x 28x 31.8x 28.9x 25.9x 23.5x
EV / FCF 37.6x 35.4x 31.9x 65.2x 66.4x 80.9x 57.9x 51.8x
FCF Yield 2.66% 2.83% 3.14% 1.53% 1.51% 1.24% 1.73% 1.93%
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% 0.86% 0.9% 0.95%
EPS 2 1.623 1.423 1.913 2.41 2.73 2.896 3.236 3.589
Distribution rate 45.2% 52.5% 39.7% 34.4% 34.4% 34.4% 32.4% 30.7%
Net sales 1 567,762 605,881 642,637 674,538 706,413 752,337 787,000 825,904
EBITDA 1 36,708 35,547 38,865 42,477 45,185 49,074 53,765 58,691
EBIT 1 26,050 24,602 27,012 29,504 31,096 33,693 37,523 41,464
Net income 1 13,673 11,680 15,511 19,436 21,893 23,101 25,791 28,507
Net Debt 1 28,071 35,997 37,024 36,753 40,796 50,184 50,457 50,899
Reference price 2 46.60 47.96 55.08 98.16 119.14 116.01 116.01 116.01
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.($)
40.06x1.29x19.84x0.86% 923B
23.88x1.15x9.99x0.99% 51.26B
21.18x0.62x11.77x2.55% 40.53B
14.87x0.52x7.59x3.47% 38.08B
11.1x0.32x5.95x2.63% 34.35B
45.72x0.89x10.48x2.39% 34.1B
11.88x0.46x5.82x3.96% 32.14B
20.52x0.74x6.14x1.26% 26.8B
51.65x0.62x10.42x1.05% 24.22B
Average 26.76x 0.74x 9.78x 2.13% 133.85B
Weighted average by Cap. 36.32x 1.15x 17.23x 1.19%

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