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Wal-Mart de México. de

DB:4GNB
Snowflake Description

Outstanding track record with flawless balance sheet and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
4GNB
DB
MX$968B
Market Cap
  1. Home
  2. DE
  3. Consumer Retailing
Company description

Wal-Mart de México, S.A.B. de C.V. owns and operates self-service stores in Mexico and Central America. The last earnings update was 38 days ago. More info.


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4GNB Share Price and Events
7 Day Returns
2.7%
DB:4GNB
0.3%
Europe Consumer Retailing
1.8%
DE Market
1 Year Returns
19.5%
DB:4GNB
1.5%
Europe Consumer Retailing
-6%
DE Market
4GNB Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Wal-Mart de México. de (4GNB) 2.7% 9.5% 15.8% 19.5% 29% 46.5%
Europe Consumer Retailing 0.3% -0.6% 2.2% 1.5% -4.6% -7.6%
DE Market 1.8% 4.6% 7.4% -6% 10.1% 15.3%
1 Year Return vs Industry and Market
  • 4GNB outperformed the Consumer Retailing industry which returned 1.5% over the past year.
  • 4GNB outperformed the Market in Germany which returned -6% over the past year.
Price Volatility
4GNB
Industry
5yr Volatility vs Market

4GNB Value

 Is Wal-Mart de México. de undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Wal-Mart de México. de to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Wal-Mart de México. de.

DB:4GNB Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 14 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 5%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:4GNB
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Consumer Retailing Unlevered Beta Simply Wall St/ S&P Global 0.47
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.465 (1 + (1- 30%) (1.49%))
0.645
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.8 * 5.96%)
5%

Discounted Cash Flow Calculation for DB:4GNB using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Wal-Mart de México. de is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:4GNB DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (MXN, Millions) Source Present Value
Discounted (@ 5%)
2019 44,829.00 Analyst x3 42,695.91
2020 46,277.80 Analyst x5 41,978.53
2021 48,926.00 Analyst x4 42,268.95
2022 54,063.75 Analyst x4 44,485.16
2023 58,643.50 Analyst x2 45,957.47
2024 62,021.41 Est @ 5.76% 46,291.91
2025 64,564.56 Est @ 4.1% 45,897.07
2026 66,461.93 Est @ 2.94% 44,997.76
2027 67,874.57 Est @ 2.13% 43,767.56
2028 68,930.87 Est @ 1.56% 42,333.70
Present value of next 10 years cash flows MX$440,674.01
DB:4GNB DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= MX$68,930.87 × (1 + 0.23%) ÷ (5% – 0.23%)
MX$1,448,994.02
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= MX$1,448,994.02 ÷ (1 + 5%)10
MX$889,895.58
DB:4GNB Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= MX$440,674.01 + MX$889,895.58
MX$1,330,569.60
Equity Value per Share
(MXN)
= Total value / Shares Outstanding
= MX$1,330,569.60 / 17,461.40
MX$76.2
DB:4GNB Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:4GNB represents 0.04677x of BMV:WALMEX *
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.04677x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (MXN) x Listing Adjustment Factor
= MX$ 76.20 x 0.04677
€3.56
Value per share (EUR) From above. €3.56
Current discount Discount to share price of €2.59
= -1 x (€2.59 - €3.56) / €3.56
27.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Wal-Mart de México. de is available for.
Intrinsic value
27%
Share price is €2.59 vs Future cash flow value of €3.56
Current Discount Checks
For Wal-Mart de México. de to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Wal-Mart de México. de's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Wal-Mart de México. de's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Wal-Mart de México. de's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Wal-Mart de México. de's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:4GNB PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in MXN MX$2.10
BMV:WALMEX * Share Price ** BMV (2019-04-18) in MXN MX$55.46
Europe Consumer Retailing Industry PE Ratio Median Figure of 32 Publicly-Listed Consumer Retailing Companies 19.38x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 19.59x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Wal-Mart de México. de.

DB:4GNB PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BMV:WALMEX * Share Price ÷ EPS (both in MXN)

= 55.46 ÷ 2.10

26.35x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Wal-Mart de México. de is overvalued based on earnings compared to the Europe Consumer Retailing industry average.
  • Wal-Mart de México. de is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Wal-Mart de México. de's expected growth come at a high price?
Raw Data
DB:4GNB PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 26.35x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 14 Analysts
7.1%per year
Europe Consumer Retailing Industry PEG Ratio Median Figure of 24 Publicly-Listed Consumer Retailing Companies 1.71x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.56x

*Line of best fit is calculated by linear regression .

DB:4GNB PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 26.35x ÷ 7.1%

3.74x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Wal-Mart de México. de is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Wal-Mart de México. de's assets?
Raw Data
DB:4GNB PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in MXN MX$9.44
BMV:WALMEX * Share Price * BMV (2019-04-18) in MXN MX$55.46
Europe Consumer Retailing Industry PB Ratio Median Figure of 41 Publicly-Listed Consumer Retailing Companies 1.58x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.84x
DB:4GNB PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BMV:WALMEX * Share Price ÷ Book Value per Share (both in MXN)

= 55.46 ÷ 9.44

5.87x

* Primary Listing of Wal-Mart de México. de.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Wal-Mart de México. de is overvalued based on assets compared to the Europe Consumer Retailing industry average.
X
Value checks
We assess Wal-Mart de México. de's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Consumer Retailing industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Consumer Retailing industry average (and greater than 0)? (1 check)
  5. Wal-Mart de México. de has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

4GNB Future Performance

 How is Wal-Mart de México. de expected to perform in the next 1 to 3 years based on estimates from 14 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
7.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Wal-Mart de México. de expected to grow at an attractive rate?
  • Wal-Mart de México. de's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Wal-Mart de México. de's earnings growth is positive but not above the Germany market average.
  • Wal-Mart de México. de's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:4GNB Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:4GNB Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 14 Analysts 7.1%
DB:4GNB Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 14 Analysts 6.8%
Europe Consumer Retailing Industry Earnings Growth Rate Market Cap Weighted Average 12%
Europe Consumer Retailing Industry Revenue Growth Rate Market Cap Weighted Average 3.8%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.6%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:4GNB Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 14 Analyst Estimates (S&P Global) See Below
All numbers in MXN Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:4GNB Future Estimates Data
Date (Data in MXN Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 836,906 78,319 54,656 1
2022-12-31 827,948 75,740 49,385 3
2021-12-31 768,086 68,387 45,357 8
2020-12-31 712,692 66,415 42,254 14
2019-12-31 661,580 67,124 39,231 14
DB:4GNB Past Financials Data
Date (Data in MXN Millions) Revenue Cash Flow Net Income *
2018-12-31 616,330 47,535 36,753
2018-09-30 606,879 47,330 35,570
2018-06-30 596,009 50,779 34,891
2018-03-31 585,078 56,092 33,678
2017-12-31 572,706 49,135 32,390
2017-09-30 562,254 50,183 31,219
2017-06-30 552,219 40,667 29,910
2017-03-31 540,835 42,614 29,033
2016-12-31 531,931 47,108 28,510
2016-09-30 515,314 42,625 26,740
2016-06-30 502,964 43,735 25,759
2016-03-31 487,442 42,237 24,837

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Wal-Mart de México. de's earnings are expected to grow by 7.1% yearly, however this is not considered high growth (20% yearly).
  • Wal-Mart de México. de's revenue is expected to grow by 6.8% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:4GNB Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 14 Analyst Estimates (S&P Global) See Below

All data from Wal-Mart de México. de Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:4GNB Future Estimates Data
Date (Data in MXN Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 3.13 3.13 3.13 1.00
2022-12-31 2.83 2.88 2.77 2.00
2021-12-31 2.66 2.84 2.47 7.00
2020-12-31 2.43 2.57 2.28 14.00
2019-12-31 2.24 2.37 2.12 14.00
DB:4GNB Past Financials Data
Date (Data in MXN Millions) EPS *
2018-12-31 2.10
2018-09-30 2.03
2018-06-30 1.99
2018-03-31 1.92
2017-12-31 1.86
2017-09-30 1.79
2017-06-30 1.71
2017-03-31 1.66
2016-12-31 1.63
2016-09-30 1.53
2016-06-30 1.47
2016-03-31 1.42

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Wal-Mart de México. de is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Wal-Mart de México. de's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Wal-Mart de México. de has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

4GNB Past Performance

  How has Wal-Mart de México. de performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Wal-Mart de México. de's growth in the last year to its industry (Consumer Retailing).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Wal-Mart de México. de's year on year earnings growth rate has been positive over the past 5 years.
  • Wal-Mart de México. de's 1-year earnings growth exceeds its 5-year average (13.5% vs 10.7%)
  • Wal-Mart de México. de's earnings growth has exceeded the Europe Consumer Retailing industry average in the past year (13.5% vs -4.5%).
Earnings and Revenue History
Wal-Mart de México. de's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Wal-Mart de México. de Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:4GNB Past Revenue, Cash Flow and Net Income Data
Date (Data in MXN Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 616,330.22 36,752.61 92,597.69
2018-09-30 606,878.77 35,570.24 88,451.04
2018-06-30 596,008.65 34,891.42 86,834.76
2018-03-31 585,078.02 33,677.75 85,012.84
2017-12-31 572,705.51 32,390.34 86,921.41
2017-09-30 562,253.58 31,218.95 84,688.14
2017-06-30 552,218.90 29,909.73 82,934.09
2017-03-31 540,835.27 29,033.50 80,505.22
2016-12-31 531,931.28 28,509.70 77,833.63
2016-09-30 515,313.89 26,740.38 75,668.92
2016-06-30 502,964.11 25,759.40 73,512.84
2016-03-31 487,441.89 24,836.76 70,660.02
2015-12-31 475,493.13 23,440.86 69,547.36
2015-09-30 464,506.38 26,094.41 67,039.25
2015-06-30 455,188.78 25,212.25 66,113.53
2015-03-31 450,481.42 25,392.38 65,326.73
2014-12-31 440,987.73 25,031.88 64,009.93
2014-09-30 434,674.61 21,783.81 63,326.39
2014-06-30 430,750.28 22,072.56 62,297.33
2014-03-31 426,943.19 21,969.78 62,788.79
2013-12-31 423,822.97 21,992.49 61,318.47
2013-09-30 420,891.60 23,138.80 60,847.27
2013-06-30 418,966.76 23,076.07 60,285.86
2013-03-31 415,606.32 22,695.45 58,816.09
2012-12-31 412,060.22 22,592.34 58,541.07
2012-09-30 406,620.27 22,724.99 58,295.41
2012-06-30 397,791.95 22,399.83 57,315.69

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Wal-Mart de México. de has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Wal-Mart de México. de used its assets more efficiently than the Europe Consumer Retailing industry average last year based on Return on Assets.
  • Wal-Mart de México. de has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Wal-Mart de México. de's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Consumer Retailing industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Wal-Mart de México. de has a total score of 6/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

4GNB Health

 How is Wal-Mart de México. de's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Wal-Mart de México. de's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Wal-Mart de México. de is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Wal-Mart de México. de's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Wal-Mart de México. de's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 8x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Wal-Mart de México. de Company Filings, last reported 3 months ago.

DB:4GNB Past Debt and Equity Data
Date (Data in MXN Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 164,914.07 14,475.62 38,829.60
2018-09-30 152,739.68 14,519.51 33,229.40
2018-06-30 148,931.38 14,706.50 30,435.27
2018-03-31 134,081.52 14,334.24 33,938.23
2017-12-31 159,533.95 14,107.38 35,596.12
2017-09-30 143,962.34 13,840.78 26,444.12
2017-06-30 134,149.35 13,594.64 15,975.35
2017-03-31 122,791.37 12,985.15 17,776.54
2016-12-31 167,026.02 533.05 27,975.54
2016-09-30 152,328.57 12,589.20 18,502.98
2016-06-30 138,917.93 13,116.90 17,764.04
2016-03-31 128,505.25 12,888.56 21,433.73
2015-12-31 151,820.65 556.55 24,790.84
2015-09-30 142,078.47 13,213.96 15,455.86
2015-06-30 132,454.07 13,074.29 18,819.04
2015-03-31 123,448.58 13,170.62 20,799.42
2014-12-31 150,245.82 559.05 28,047.85
2014-09-30 135,287.36 14,161.66 20,593.55
2014-06-30 130,743.10 13,750.24 20,497.69
2014-03-31 121,550.58 14,505.67 20,768.97
2013-12-31 142,950.58 19,297.93 21,129.49
2013-09-30 136,224.95 13,266.47 15,590.18
2013-06-30 132,072.16 13,349.74 21,139.52
2013-03-31 127,275.83 13,163.03 29,314.26
2012-12-31 139,836.62 4,725.96 28,163.23
2012-09-30 132,711.91 18,223.33 23,359.40
2012-06-30 127,746.42 17,808.12 19,650.07
  • Wal-Mart de México. de's level of debt (8.8%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (13.5% vs 8.8% today).
  • Debt is well covered by operating cash flow (328.4%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 173.3x coverage).
X
Financial health checks
We assess Wal-Mart de México. de's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Wal-Mart de México. de has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

4GNB Dividends

 What is Wal-Mart de México. de's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.16%
Current annual income from Wal-Mart de México. de dividends. Estimated to be 3.55% next year.
If you bought €2,000 of Wal-Mart de México. de shares you are expected to receive €63 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Wal-Mart de México. de's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.43%).
  • Wal-Mart de México. de's dividend is below the markets top 25% of dividend payers in Germany (3.71%).
Upcoming dividend payment

Purchase Wal-Mart de México. de before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:4GNB Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 14 Analyst Estimates (S&P Global) See Below
Europe Consumer Retailing Industry Average Dividend Yield Market Cap Weighted Average of 34 Stocks 3.7%
Germany Market Average Dividend Yield Market Cap Weighted Average of 327 Stocks 3%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:4GNB Future Dividends Estimate Data
Date (Data in MX$) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 2.60 1.00
2022-12-31 2.39 1.00
2021-12-31 2.13 6.00
2020-12-31 1.90 11.00
2019-12-31 1.84 10.00
DB:4GNB Past Annualized Dividends Data
Date (Data in MX$) Dividend per share (annual) Avg. Yield (%)
2019-03-14 1.750 3.315
2019-02-13 1.750 3.418
2018-04-25 1.650 3.186
2018-03-07 1.650 3.433
2018-02-15 1.650 3.665
2017-03-16 1.540 3.539
2017-02-15 1.540 3.889
2016-02-16 1.680 4.091
2015-02-17 1.840 4.559
2014-03-19 1.380 4.270
2014-02-18 1.380 4.770
2013-02-20 0.920 2.621
2012-03-27 0.550 1.433
2011-04-15 0.380 1.082
2011-03-10 0.380 1.079
2010-10-12 0.350 1.016
2010-04-16 0.350 1.175
2010-02-11 0.350 1.126
2009-07-08 0.305 1.217
2009-04-22 0.305 1.566

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Wal-Mart de México. de's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.5x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.3x coverage).
X
Income/ dividend checks
We assess Wal-Mart de México. de's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Wal-Mart de México. de afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Wal-Mart de México. de has a total score of 5/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

4GNB Management

 What is the CEO of Wal-Mart de México. de's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Guilherme De Souza Macedo Loureiro
TENURE AS CEO 3.2 years
CEO Bio

Mr. Guilherme De Souza Macedo Loureiro has been Chief Executive Officer and President at Wal-Mart de Mexico SAB De CV since February 01, 2016. He has been with Walmart for 3 years. He serves as Chairman of Unilever Mexico at Unilever Latin America. He serves as Director of Latin American Agribusiness Development Corporation, S.A. He has been Director of Wal-Mart de Mexico SAB De CV since March 31, 2016. He serves as a Director of Walmart Chile S.A.

CEO Compensation
  • Insufficient data for Guilherme to compare compensation growth.
  • Insufficient data for Guilherme to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team Tenure

Average tenure of the Wal-Mart de México. de management team in years:

2.7
Average Tenure
  • The tenure for the Wal-Mart de México. de management team is about average.
Management Team

Enrique Cambiaso

TITLE
Executive Chairman
AGE
58

Guilherme De Souza Macedo Loureiro

TITLE
President
TENURE
3.2 yrs

Olga González Aponte

TITLE
Chief Financial Officer
TENURE
1.8 yrs

Carlos Arroyo

TITLE
Chief Operations Officer

John Gleason

TITLE
Vice President of Treasury
TENURE
3.7 yrs

Alberto Sepúlveda González Cosío

TITLE
Executive VP and General Director for Legal & Institutional Matters and Secretary

Adriana Velázquez

TITLE
Chief Compliance Officer

Steve Procter

TITLE
Business development director

Ivonne Montiel

TITLE
Vice President of Marketing
TENURE
2.2 yrs

Eduardo de la Garza

TITLE
Senior Vice President of Human Resources
Board of Directors Tenure

Average tenure and age of the Wal-Mart de México. de board of directors in years:

4.1
Average Tenure
58
Average Age
  • The tenure for the Wal-Mart de México. de board of directors is about average.
Board of Directors

Guilherme De Souza Macedo Loureiro

TITLE
President
TENURE
3.1 yrs

Adolfo Pérez José

TITLE
Lead Independent Director

Enrique Cambiaso

TITLE
Executive Chairman
AGE
58
TENURE
4.5 yrs

Blanca Treviño de Vega

TITLE
Independent Director
AGE
59
TENURE
12.4 yrs

Roberto Newell García

TITLE
Independent Director
AGE
70
TENURE
5.1 yrs

Ernesto Cervera Gómez

TITLE
Independent Director
TENURE
5.1 yrs

Richard Mayfield

TITLE
Director
AGE
49
TENURE
4.1 yrs

Lori Flees

TITLE
Director
TENURE
3.1 yrs

Gisel Ruiz

TITLE
Director
AGE
47
TENURE
2.5 yrs

Kirsten Evans

TITLE
Director
TENURE
1.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Wal-Mart de México. de's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Wal-Mart de México. de has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

4GNB News

Simply Wall St News

4GNB Company Info

Description

Wal-Mart de México, S.A.B. de C.V. owns and operates self-service stores in Mexico and Central America. The company operates discount stores, hypermarkets, supermarkets, membership self-service wholesale stores, and pharmacies. It operates 1,910 Bodega Aurrerá discount stores, 274 Walmart hypermarkets, 91 Superama supermarkets, and 163 Sam’s Club membership self-service wholesale stores. The company also operates 540 Despensa Familiar and Palí discount stores; 97 Paiz, La Despensa de Don Juan, La Unión, and Más x Menos supermarkets; 143 Bodegas, Maxi Bodega, and Maxi Palí stores; and 31 Walmart hypermarkets in Costa Rica, Guatemala, Honduras, Nicaragua, and El Salvador. In addition, it imports and sells goods; develops properties; and manages real estate companies. The company was founded in 1958 and is headquartered in Mexico City, Mexico. Wal-Mart de México, S.A.B. de C.V. is a subsidiary of Walmart Inc.

Details
Name: Wal-Mart de México, S.A.B. de C.V.
4GNB
Exchange: DB
Founded: 1958
MX$45,819,545,562
17,461,402,631
Website: http://www.walmartmexico.com.mx
Address: Wal-Mart de México, S.A.B. de C.V.
Nextengo #78,
Santa Cruz Acayucan,
Mexico City,
Distrito Federal, 02770,
Mexico
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BMV WALMEX * Series V Common Stock Bolsa Mexicana de Valores MX MXN 30. Dec 1997
OTCPK WMMV.F Series V Common Stock Pink Sheets LLC US USD 30. Dec 1997
DB 4GNB Series V Common Stock Deutsche Boerse AG DE EUR 30. Dec 1997
OTCPK WMMV.Y SPON ADR REP V Pink Sheets LLC US USD 28. Jan 1998
Number of employees
Current staff
Staff numbers
217,832
Wal-Mart de México. de employees.
Industry
Hypermarkets and Super Centers
Consumer Retailing
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/21 21:09
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/17
Last earnings filing: 2019/03/14
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.