Company Valuation: Walmart Inc.

Data adjusted to current consolidation scope
Fiscal Period: January 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 387,816 387,989 444,892 788,557 949,566 846,769 - -
Change - 0.04% 14.67% 77.25% 20.42% -10.83% - -
Enterprise Value (EV) 1 415,887 423,986 481,916 825,310 990,362 897,333 898,034 899,413
Change - 1.95% 13.66% 71.26% 20% -9.39% 0.08% 0.15%
P/E 28.7x 33.7x 28.8x 40.7x 43.6x 37.1x 33.5x 30x
PBR 4.69x 5.11x 5.31x 8.67x 9.59x 7.83x 7.11x 6.63x
PEG - -2.7x 0.8x 1.6x 3.3x 6.75x 3.2x 2.6x
Capitalization / Revenue 0.68x 0.64x 0.69x 1.17x 1.34x 1.12x 1.08x 1.03x
EV / Revenue 0.73x 0.7x 0.75x 1.22x 1.4x 1.19x 1.14x 1.09x
EV / EBITDA 11.3x 11.9x 12.4x 19.4x 21.9x 18.3x 16.8x 15.5x
EV / EBIT 16x 17.2x 17.8x 28x 31.8x 26.7x 24.4x 22x
EV / FCF 37.6x 35.4x 31.9x 65.2x 66.4x 76.7x 55.5x 48.6x
FCF Yield 2.66% 2.83% 3.14% 1.53% 1.51% 1.3% 1.8% 2.06%
Dividend per Share 2 0.7333 0.7467 0.76 0.83 0.94 0.997 1.044 1.1
Rate of return 1.57% 1.56% 1.38% 0.85% 0.79% 0.93% 0.98% 1.03%
EPS 2 1.623 1.423 1.913 2.41 2.73 2.88 3.183 3.553
Distribution rate 45.2% 52.5% 39.7% 34.4% 34.4% 34.6% 32.8% 31%
Net sales 1 567,762 605,881 642,637 674,538 706,413 752,778 786,065 823,057
EBITDA 1 36,708 35,547 38,865 42,477 45,185 49,164 53,341 57,957
EBIT 1 26,050 24,602 27,012 29,504 31,096 33,660 36,859 40,815
Net income 1 13,673 11,680 15,511 19,436 21,893 22,985 25,382 28,080
Net Debt 1 28,071 35,997 37,024 36,753 40,796 50,564 51,265 52,645
Reference price 2 46.60 47.96 55.08 98.16 119.14 106.73 106.73 106.73
Nbr of stocks (in thousands) 8,321,635 8,090,400 8,076,701 8,033,386 7,970,167 7,933,746 - -
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.($)
37.06x1.19x18.25x0.93% 847B
23.86x1.15x9.96x0.99% 50.78B
15.62x0.54x7.88x3.3% 39.69B
15.83x0.63x11.71x2.81% 38.89B
11.92x0.34x6.27x2.48% 35.76B
26.11x0.82x9.45x2.82% 33.13B
11.78x0.46x5.75x3.99% 31.66B
20.44x0.76x6.33x1.27% 26.52B
50.46x0.55x9.24x1.12% 23.16B
Average 23.68x 0.71x 9.43x 2.19% 125.15B
Weighted average by Cap. 33.03x 1.07x 15.83x 1.29%

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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