Financials Walmart Inc.

Equities

WMT

US9311421039

Food Retail & Distribution

Real-time Estimate Cboe BZX 03:35:29 2024-05-20 pm EDT 5-day change 1st Jan Change
64.06 USD -0.90% Intraday chart for Walmart Inc. +6.01% +21.86%

Valuation

Fiscal Period: January 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 324,828 397,486 387,816 387,989 444,892 521,066 - -
Enterprise Value (EV) 1 369,832 428,616 415,887 423,986 481,916 563,943 562,792 562,787
P/E ratio 22.1 x 29.6 x 28.7 x 33.7 x 28.8 x 26.5 x 24.6 x 22.7 x
Yield 1.85% 1.54% 1.57% 1.56% 1.38% 1.29% 1.35% 1.46%
Capitalization / Revenue 0.62 x 0.72 x 0.68 x 0.64 x 0.69 x 0.77 x 0.75 x 0.72 x
EV / Revenue 0.71 x 0.77 x 0.73 x 0.7 x 0.75 x 0.84 x 0.81 x 0.77 x
EV / EBITDA 11.4 x 12.5 x 11.3 x 11.9 x 12.4 x 13.5 x 12.5 x 11.7 x
EV / FCF 25.4 x 16.6 x 37.6 x 35.4 x 31.9 x 47.5 x 37.6 x 31.5 x
FCF Yield 3.93% 6.02% 2.66% 2.83% 3.14% 2.1% 2.66% 3.17%
Price to Book 4.34 x 4.91 x 4.69 x 5.11 x 5.31 x 5.87 x 5.35 x 4.83 x
Nbr of stocks (in thousands) 8,511,525 8,487,858 8,321,635 8,090,400 8,076,701 8,059,794 - -
Reference price 2 38.16 46.83 46.60 47.96 55.08 64.65 64.65 64.65
Announcement Date 2/18/20 2/18/21 2/17/22 2/21/23 2/20/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: January 2020 2021 2022 2023 2024 2025 2026 2027
Net sales 1 519,926 555,233 567,762 605,881 642,637 673,155 697,794 727,634
EBITDA 1 32,394 34,332 36,708 35,547 38,865 41,888 44,849 48,018
EBIT 1 21,407 23,180 26,050 24,602 27,012 29,221 31,491 34,130
Operating Margin 4.12% 4.17% 4.59% 4.06% 4.2% 4.34% 4.51% 4.69%
Earnings before Tax (EBT) 1 20,116 20,564 18,696 17,016 21,848 27,017 28,804 30,078
Net income 1 14,881 13,510 13,673 11,680 15,511 19,799 21,033 22,449
Net margin 2.86% 2.43% 2.41% 1.93% 2.41% 2.94% 3.01% 3.09%
EPS 2 1.730 1.583 1.623 1.423 1.913 2.437 2.627 2.846
Free Cash Flow 1 14,550 25,810 11,075 11,984 15,120 11,868 14,974 17,864
FCF margin 2.8% 4.65% 1.95% 1.98% 2.35% 1.76% 2.15% 2.46%
FCF Conversion (EBITDA) 44.92% 75.18% 30.17% 33.71% 38.9% 28.33% 33.39% 37.2%
FCF Conversion (Net income) 97.78% 191.04% 81% 102.6% 97.48% 59.94% 71.19% 79.58%
Dividend per Share 2 0.7067 0.7200 0.7333 0.7467 0.7600 0.8313 0.8723 0.9428
Announcement Date 2/18/20 2/18/21 2/17/22 2/21/23 2/20/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: Januari 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2 2025 Q3 2025 Q4 2026 Q1 2026 Q2
Net sales 1 151,525 140,288 151,381 151,469 162,743 151,004 160,280 159,439 171,914 159,938 167,061 165,429 178,138 165,828 174,144
EBITDA 1 8,701 7,998 9,553 8,775 9,221 9,085 10,221 9,188 10,371 10,224 10,874 9,889 11,092 10,820 11,773
EBIT 1 5,995 5,318 6,854 6,020 6,410 6,240 7,316 6,202 7,254 6,841 7,741 6,709 7,774 7,529 8,402
Operating Margin 3.96% 3.79% 4.53% 3.97% 3.94% 4.13% 4.56% 3.89% 4.22% 4.28% 4.63% 4.06% 4.36% 4.54% 4.82%
Earnings before Tax (EBT) 1 4,782 2,901 6,644 -1,431 8,902 2,688 10,727 915 7,518 7,035 7,137 6,074 7,165 6,912 7,789
Net income 1 3,562 2,054 5,149 -1,798 6,275 1,673 7,891 453 5,494 5,104 5,150 4,348 5,157 5,039 5,721
Net margin 2.35% 1.46% 3.4% -1.19% 3.86% 1.11% 4.92% 0.28% 3.2% 3.19% 3.08% 2.63% 2.89% 3.04% 3.29%
EPS 2 0.4267 0.2467 0.6267 -0.2200 0.7733 0.2067 0.9733 0.0567 0.6767 0.6300 0.6387 0.5394 0.6392 0.6296 0.7117
Dividend per Share 2 - 0.1867 0.1867 - - 0.1900 - - 0.1900 - 0.2090 0.2090 0.2090 0.2185 0.2185
Announcement Date 2/17/22 5/17/22 8/16/22 11/15/22 2/21/23 5/18/23 8/17/23 11/16/23 2/20/24 5/16/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: Januari 2020 2021 2022 2023 2024 2025 2026 2027
Net Debt 1 45,004 31,130 28,071 35,997 37,024 42,877 41,726 41,722
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 1.389 x 0.9067 x 0.7647 x 1.013 x 0.9526 x 1.024 x 0.9304 x 0.8689 x
Free Cash Flow 1 14,550 25,810 11,075 11,984 15,120 11,868 14,974 17,864
ROE (net income / shareholders' equity) 20.2% 20% 22.1% 21.5% 22.4% 21.6% 22% 22.1%
ROA (Net income/ Total Assets) 6.53% 6.38% 7.29% 7.05% 7.25% 7.55% 7.8% 8%
Assets 1 227,887 211,719 187,636 165,742 213,831 262,687 269,656 280,617
Book Value Per Share 2 8.790 9.530 9.940 9.380 10.40 11.00 12.10 13.40
Cash Flow per Share 2 2.940 4.220 2.870 3.520 4.410 4.540 4.670 5.360
Capex 1 10,705 10,264 13,106 16,857 20,606 21,271 20,895 20,663
Capex / Sales 2.06% 1.85% 2.31% 2.78% 3.21% 3.16% 2.99% 2.84%
Announcement Date 2/18/20 2/18/21 2/17/22 2/21/23 2/20/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
C+
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
40
Last Close Price
64.65 USD
Average target price
69.95 USD
Spread / Average Target
+8.20%
Consensus
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