Company Valuation: Walmart Inc.

Data adjusted to current consolidation scope
Fiscal Period: January 2022 2023 2024 2025 2026 2027 2028 2029
Capitalization 1 387,816 387,989 444,892 788,557 949,566 1,010,661 - -
Change - 0.04% 14.67% 77.25% 20.42% 6.43% - -
Enterprise Value (EV) 1 415,887 423,986 481,916 825,310 990,362 1,059,286 1,061,298 1,057,663
Change - 1.95% 13.66% 71.26% 20% 6.96% 0.19% -0.34%
P/E ratio 28.7x 33.7x 28.8x 40.7x 43.6x 43.7x 39.2x 34.9x
PBR 4.69x 5.11x 5.31x 8.67x 9.59x 9.08x 8.21x 7.65x
PEG - -2.7x 0.8x 1.6x 3.3x 7.09x 3.4x 2.8x
Capitalization / Revenue 0.68x 0.64x 0.69x 1.17x 1.34x 1.36x 1.3x 1.23x
EV / Revenue 0.73x 0.7x 0.75x 1.22x 1.4x 1.43x 1.37x 1.29x
EV / EBITDA 11.3x 11.9x 12.4x 19.4x 21.9x 21.6x 19.8x 18x
EV / EBIT 16x 17.2x 17.8x 28x 31.8x 31.3x 28.4x 25.5x
EV / FCF 37.6x 35.4x 31.9x 65.2x 66.4x 73.4x 55.1x 50.3x
FCF Yield 2.66% 2.83% 3.14% 1.53% 1.51% 1.36% 1.81% 1.99%
Dividend per Share 2 0.7333 0.7467 0.76 0.83 0.94 0.9737 1.047 1.06
Rate of return 1.57% 1.56% 1.38% 0.85% 0.79% 0.77% 0.83% 0.84%
EPS 2 1.623 1.423 1.913 2.41 2.73 2.898 3.231 3.635
Distribution rate 45.2% 52.5% 39.7% 34.4% 34.4% 33.6% 32.4% 29.2%
Net sales 1 567,762 605,881 642,637 674,538 706,413 741,366 775,584 818,762
EBITDA 1 36,708 35,547 38,865 42,477 45,185 49,058 53,570 58,651
EBIT 1 26,050 24,602 27,012 29,504 31,096 33,878 37,397 41,554
Net income 1 13,673 11,680 15,511 19,436 21,893 23,074 25,686 28,444
Net Debt 1 28,071 35,997 37,024 36,753 40,796 48,625 50,636 47,002
Reference price 2 46.60 47.96 55.08 98.16 119.14 126.77 126.77 126.77
Nbr of stocks (in thousands) 8,321,635 8,090,400 8,076,701 8,033,386 7,970,167 7,972,403 - -
Announcement Date 2/17/22 2/21/23 2/20/24 2/20/25 2/19/26 - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
43.74x1.43x21.59x0.77% 1,011B
27.85x1.19x10.26x0.94% 53.31B
15.1x0.55x6.94x3.07% 42.33B
13.21x0.37x6.78x2.09% 41.65B
17.97x0.58x8.6x2.97% 41.61B
17.21x0.55x10.52x2.97% 34.82B
39.7x0.85x9.82x2.67% 31.88B
72.67x0.76x12.54x0.77% 30.65B
21.67x0.73x6.11x1.36% 27.04B
22.18x0.6x11.56x-.--% 20.13B
Average 29.13x 0.76x 10.47x 1.76% 133.41B
Weighted average by Cap. 39.54x 1.25x 18.56x 1.06%

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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