Walmart
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Walmart Inc. engages in the retail and wholesale operations in various formats worldwide. The last earnings update was 19 days ago. More info.
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WMT Share Price and Events
7 Day Returns
1 Year Returns
WMT Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Walmart (WMT) | 4.3% | 4.6% | 6.8% | 17.1% | 47.5% | 32.7% |
| US Consumer Retailing | 2.1% | 2.3% | 3.5% | 12.7% | 23.9% | 31.5% |
| US Market | 0.4% | 2.6% | 11% | 6.8% | 38.1% | 45.7% |
1 Year Return vs Industry and Market
- WMT outperformed the Consumer Retailing industry which returned 12.7% over the past year.
- WMT outperformed the Market in United States of America which returned 6.8% over the past year.
WMT Value
Is Walmart 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
Walmart
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.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Walmart.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 20 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 7.5% |
| Perpetual Growth Rate | 10-Year US Government Bond Rate | 2.7% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year US Govt Bond Rate | 2.7% |
| Equity Risk Premium | S&P Global | 6% |
| Consumer Retailing Unlevered Beta | Simply Wall St/ S&P Global | 0.48 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.475 (1 + (1- 21%) (19.79%)) |
0.698 |
| 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)
= 2.73% + (0.8 * 5.96%) |
7.5% |
Discounted Cash Flow Calculation for NYSE:WMT using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Walmart 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.
| Levered FCF (USD, Millions) | Source |
Present Value Discounted (@ 7.5%) |
|
|---|---|---|---|
| 2019 | 15,136.65 | Analyst x8 | 14,080.87 |
| 2020 | 15,225.92 | Analyst x10 | 13,175.98 |
| 2021 | 16,143.01 | Analyst x7 | 12,995.22 |
| 2022 | 16,661.25 | Analyst x4 | 12,476.88 |
| 2023 | 17,986.77 | Analyst x3 | 12,530.00 |
| 2024 | 19,736.15 | Analyst x2 | 12,789.69 |
| 2025 | 20,846.89 | Est @ 5.63% | 12,567.20 |
| 2026 | 21,838.91 | Est @ 4.76% | 12,246.95 |
| 2027 | 22,745.22 | Est @ 4.15% | 11,865.52 |
| 2028 | 23,592.26 | Est @ 3.72% | 11,448.95 |
| Present value of next 10 years cash flows | $126,177.26 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= $23,592.26 × (1 + 2.73%) ÷ (7.5% – 2.73%) |
$508,312.20 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= $508,312.20 ÷ (1 + 7.5%)10 |
$246,675.88 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= $126,177.26 + $246,675.88 |
$372,853.14 |
| Equity Value per Share (USD) |
= Total value / Shares Outstanding
= $372,853.14 / 2,869.68 |
$129.93 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $129.93 |
| Current discount | Discount to share price of
$102.93
= -1 x ($102.93 - $129.93) / $129.93 |
20.8% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- Walmart's share price is below the future cash flow value, and at a moderate discount (> 20%).
- Walmart'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 Walmart's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Walmart's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2019-01-31) in USD | $2.28 |
| NYSE:WMT Share Price ** | NYSE (2019-04-16) in USD | $102.93 |
| United States of America Consumer Retailing Industry PE Ratio | Median Figure of 21 Publicly-Listed Consumer Retailing Companies | 20.96x |
| United States of America Market PE Ratio | Median Figure of 3,072 Publicly-Listed Companies | 18.08x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Walmart.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NYSE:WMT Share Price ÷ EPS (both in USD) = 102.93 ÷ 2.28 |
45.2x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Walmart is overvalued based on earnings compared to the US Consumer Retailing industry average.
- Walmart is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does
Walmart's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 45.2x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 20 Analysts |
20.2%per year |
| United States of America Consumer Retailing Industry PEG Ratio | Median Figure of 14 Publicly-Listed Consumer Retailing Companies | 2.21x |
| United States of America Market PEG Ratio | Median Figure of 2,107 Publicly-Listed Companies | 1.56x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 45.2x ÷ 20.2% |
2.24x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Walmart is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
Walmart's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2019-01-31) in USD | $25.19 |
| NYSE:WMT Share Price * | NYSE (2019-04-16) in USD | $102.93 |
| United States of America Consumer Retailing Industry PB Ratio | Median Figure of 30 Publicly-Listed Consumer Retailing Companies | 2.52x |
| United States of America Market PB Ratio | Median Figure of 5,176 Publicly-Listed Companies | 1.91x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NYSE:WMT Share Price ÷ Book Value per Share (both in USD) = 102.93 ÷ 25.19 |
4.09x |
* Primary Listing of Walmart.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Walmart is overvalued based on assets compared to the US Consumer Retailing industry average.
Value checks
We assess Walmart's value by looking at:- 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. )
- Is the PE ratio less than the market average, and/ or less than the Consumer Retailing industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Consumer Retailing industry average (and greater than 0)? (1 check) Walmart 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.
WMT Future Performance
How is Walmart expected to perform in the next 1 to 3 years based on estimates from 20 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!
Earnings growth vs Low Risk Savings
- Walmart's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
- Walmart's earnings growth is expected to exceed the United States of America market average.
- Walmart's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NYSE:WMT Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 20 Analysts | 20.2% |
| NYSE:WMT Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 20 Analysts | 2.4% |
| United States of America Consumer Retailing Industry Earnings Growth Rate | Market Cap Weighted Average | 13.8% |
| United States of America Consumer Retailing Industry Revenue Growth Rate | Market Cap Weighted Average | 3.7% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 13.3% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7% |
*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
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 20 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2024-01-31 | 583,868 | 29,052 | 1 | |
| 2023-01-31 | 556,513 | 27,927 | 15,065 | 2 |
| 2022-01-31 | 556,468 | 27,445 | 14,250 | 4 |
| 2021-01-31 | 542,593 | 26,724 | 13,954 | 15 |
| 2020-01-31 | 525,448 | 25,291 | 13,534 | 17 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2019-01-31 | 514,405 | 27,753 | 6,670 |
| 2018-10-31 | 511,879 | 28,585 | 5,158 |
| 2018-07-31 | 510,164 | 28,072 | 5,197 |
| 2018-04-30 | 505,491 | 28,113 | 8,957 |
| 2018-01-31 | 500,343 | 28,337 | 9,862 |
| 2017-10-31 | 495,012 | 28,952 | 11,444 |
| 2017-07-31 | 490,012 | 28,102 | 12,729 |
| 2017-04-30 | 487,511 | 30,865 | 13,603 |
| 2017-01-31 | 485,873 | 31,673 | 13,643 |
| 2016-10-31 | 484,604 | 32,165 | 14,460 |
| 2016-07-31 | 483,833 | 32,218 | 14,730 |
| 2016-04-30 | 483,208 | 29,136 | 14,432 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 20 Analyst Estimates (S&P Global) | See Below |
All data from Walmart Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2024-01-31 | 5.99 | 5.99 | 5.99 | 1.00 |
| 2023-01-31 | 5.64 | 5.71 | 5.56 | 2.00 |
| 2022-01-31 | 5.32 | 5.67 | 5.11 | 4.00 |
| 2021-01-31 | 5.00 | 5.18 | 4.86 | 12.00 |
| 2020-01-31 | 4.71 | 4.77 | 4.59 | 15.00 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2019-01-31 | 2.28 |
| 2018-10-31 | 1.75 |
| 2018-07-31 | 1.76 |
| 2018-04-30 | 3.01 |
| 2018-01-31 | 3.29 |
| 2017-10-31 | 3.79 |
| 2017-07-31 | 4.18 |
| 2017-04-30 | 4.43 |
| 2017-01-31 | 4.40 |
| 2016-10-31 | 4.62 |
| 2016-07-31 | 4.67 |
| 2016-04-30 | 4.53 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess Walmart's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Walmart 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.
WMT Past Performance
How has Walmart 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
Past Earnings growth analysis
- Walmart's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
- Walmart's 1-year earnings growth is negative, it can't be compared to the 5-year average.
- Walmart's 1-year earnings growth is negative, it can't be compared to the US Consumer Retailing industry average.
Earnings and Revenue History
All data from Walmart Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2019-01-31 | 514,405.00 | 6,670.00 | 106,987.00 | |
| 2018-10-31 | 511,879.00 | 5,158.00 | 106,666.00 | |
| 2018-07-31 | 510,164.00 | 5,197.00 | 106,752.00 | |
| 2018-04-30 | 505,491.00 | 8,957.00 | 105,910.00 | |
| 2018-01-31 | 500,343.00 | 9,862.00 | 104,698.00 | |
| 2017-10-31 | 495,012.00 | 11,444.00 | 104,188.00 | |
| 2017-07-31 | 490,012.00 | 12,729.00 | 103,046.00 | |
| 2017-04-30 | 487,511.00 | 13,603.00 | 102,385.00 | |
| 2017-01-31 | 485,873.00 | 13,643.00 | 101,853.00 | |
| 2016-10-31 | 484,604.00 | 14,460.00 | 100,891.00 | |
| 2016-07-31 | 483,833.00 | 14,730.00 | 99,563.00 | |
| 2016-04-30 | 483,208.00 | 14,432.00 | 98,463.00 | |
| 2016-01-31 | 482,130.00 | 14,694.00 | 97,041.00 | |
| 2015-10-31 | 484,028.00 | 15,086.00 | 95,267.00 | |
| 2015-07-31 | 485,621.00 | 15,493.00 | 94,508.00 | |
| 2015-04-30 | 485,517.00 | 15,841.00 | 93,779.00 | |
| 2015-01-31 | 485,651.00 | 16,078.00 | 93,418.00 | |
| 2014-10-31 | 483,792.00 | 15,437.00 | 93,305.00 | |
| 2014-07-31 | 480,479.00 | 15,449.00 | 92,507.00 | |
| 2014-04-30 | 477,184.00 | 15,685.00 | 91,765.00 | |
| 2014-01-31 | 476,294.00 | 15,878.00 | 91,353.00 | |
| 2013-10-31 | 474,364.00 | 17,146.00 | 90,090.00 | |
| 2013-07-31 | 472,476.00 | 17,042.00 | 89,636.00 | |
| 2013-04-30 | 469,711.00 | 16,976.00 | 88,825.00 | |
| 2013-01-31 | 468,651.00 | 16,947.00 | 88,629.00 | |
| 2012-10-31 | 464,044.00 | 16,548.00 | 87,683.00 | |
| 2012-07-31 | 460,470.00 | 16,273.00 | 87,203.00 | |
| 2012-04-30 | 455,771.00 | 16,081.00 | 86,594.00 |
*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.
- Walmart has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Walmart used its assets less efficiently than the US Consumer Retailing industry average last year based on Return on Assets.
- Walmart's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess Walmart's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Consumer Retailing industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Walmart has a total score of 0/6, 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.
WMT Health
How is Walmart'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 Walmart's finances.
The net worth of a company is the difference between its assets and liabilities.
- Walmart's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
- Walmart's long term commitments exceed its cash and other short term assets.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is covered by short term assets, assets are 1.1x 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.
All data from Walmart Company Filings, last reported 2 months ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2019-01-31 | 79,634.00 | 58,461.00 | 7,722.00 |
| 2018-10-31 | 79,469.00 | 61,461.00 | 9,174.00 |
| 2018-07-31 | 73,812.00 | 54,164.00 | 15,840.00 |
| 2018-04-30 | 78,324.00 | 46,609.00 | 7,885.00 |
| 2018-01-31 | 80,822.00 | 46,673.00 | 6,756.00 |
| 2017-10-31 | 78,906.00 | 50,280.00 | 7,026.00 |
| 2017-07-31 | 79,046.00 | 47,994.00 | 6,469.00 |
| 2017-04-30 | 76,114.00 | 47,109.00 | 6,545.00 |
| 2017-01-31 | 80,535.00 | 46,568.00 | 6,867.00 |
| 2016-10-31 | 80,475.00 | 50,842.00 | 5,939.00 |
| 2016-07-31 | 79,144.00 | 48,108.00 | 7,676.00 |
| 2016-04-30 | 77,758.00 | 50,549.00 | 7,597.00 |
| 2016-01-31 | 83,611.00 | 50,772.00 | 8,705.00 |
| 2015-10-31 | 82,630.00 | 53,124.00 | 6,990.00 |
| 2015-07-31 | 82,124.00 | 49,691.00 | 5,751.00 |
| 2015-04-30 | 79,990.00 | 50,693.00 | 7,759.00 |
| 2015-01-31 | 85,937.00 | 50,776.00 | 9,135.00 |
| 2014-10-31 | 84,053.00 | 55,830.00 | 6,718.00 |
| 2014-07-31 | 82,823.00 | 54,211.00 | 6,184.00 |
| 2014-04-30 | 78,199.00 | 55,566.00 | 6,012.00 |
| 2014-01-31 | 82,830.00 | 56,643.00 | 7,286.00 |
| 2013-10-31 | 80,014.00 | 61,824.00 | 8,747.00 |
| 2013-07-31 | 77,181.00 | 57,227.00 | 9,032.00 |
| 2013-04-30 | 76,390.00 | 57,201.00 | 8,866.00 |
| 2013-01-31 | 82,257.00 | 54,231.00 | 7,810.00 |
| 2012-10-31 | 79,093.00 | 57,908.00 | 8,698.00 |
| 2012-07-31 | 75,141.00 | 55,347.00 | 8,015.00 |
| 2012-04-30 | 74,391.00 | 54,822.00 | 8,127.00 |
- Walmart's level of debt (73.4%) compared to net worth is high (greater than 40%).
- The level of debt compared to net worth has increased over the past 5 years (68.4% vs 73.4% today).
- Debt is well covered by operating cash flow (47.5%, greater than 20% of total debt).
- Interest payments on debt are well covered by earnings (EBIT is 10.4x coverage).
Financial health checks
We assess Walmart's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Walmart has a total score of 2/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- 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.
WMT Dividends
What is Walmart'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
If you bought
$2,000 of
Walmart
shares you are expected to receive
$41
in your first year as a dividend.
Dividend Amount
- Walmart's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.41%).
- Walmart's dividend is below the markets top 25% of dividend payers in United States of America (3.63%).
Upcoming dividend payment
Purchase Walmart before the 'Buy Limit' to receive their next dividend payment.
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.
| 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 20 Analyst Estimates (S&P Global) | See Below |
| United States of America Consumer Retailing Industry Average Dividend Yield | Market Cap Weighted Average of 12 Stocks | 2% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 2008 Stocks | 2.4% |
| United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.8% |
| United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.4% |
| United States of America Top 25% Dividend Yield | 75th Percentile | 3.6% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2024-01-31 | 2.68 | 1.00 |
| 2023-01-31 | 2.48 | 1.00 |
| 2022-01-31 | 2.40 | 6.00 |
| 2021-01-31 | 2.23 | 12.00 |
| 2020-01-31 | 2.15 | 14.00 |
| Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-02-19 | 2.120 | 2.147 |
| 2018-02-20 | 2.080 | 2.281 |
| 2017-02-21 | 2.040 | 2.478 |
| 2016-02-18 | 2.000 | 2.863 |
| 2015-02-19 | 1.960 | 2.855 |
| 2014-02-20 | 1.920 | 2.444 |
| 2013-02-21 | 1.880 | 2.472 |
| 2012-03-01 | 1.590 | 2.331 |
| 2011-03-03 | 1.460 | 2.651 |
| 2010-03-04 | 1.210 | 2.277 |
| 2009-04-17 | 1.090 | 2.131 |
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
Walmart's earnings are
paid
to the shareholders as a dividend.
- Dividends paid are not well covered by earnings (1.1x coverage).
- Dividends after 3 years are expected to be well covered by earnings (2.2x coverage).
Income/ dividend checks
We assess Walmart's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Walmart afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Walmart has a total score of 4/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
WMT Management
CEO
| COMPENSATION | $22,791,280 |
| AGE | 52 |
| TENURE AS CEO | 5.2 years |
CEO Bio
Mr. C. Douglas McMillon, also known as Doug, has been the Chief Executive Officer and President of Walmart Inc. (formerly known as Wal-Mart Stores, Inc.) since February 1, 2014. He is Chief Executive Officer and President of Walmart Inc. at Wal-Mart.com USA, LLC. Mr. McMillon served as the President and Chief Executive Officer of Wal-Mart International Operations at Walmart Inc. (formerly known as Wal-Mart Stores, Inc.) from February 1, 2009 to January 2014. He served as an Executive Vice President of Walmart Inc. (formerly known as Wal-Mart Stores, Inc.) since August 4, 2005. He served as the Chief Executive Officer of Sam's Club Discount Warehouse Stores Operations from August 4, 2005 to February 1, 2009. He served as the Chief Executive Officer and President of SAM'S West, Inc. from August 4, 2005 to January 2009. He was responsible for the overall corporate strategy and direction of Sam's Club. Mr. McMillon served as an Executive Vice President of Merchandising and Replenishment of Sam's Club of Walmart Inc. (formerly known as Wal-Mart Stores, Inc.) until August 2005. He worked two consecutive summers as an Associate at the Wal-Mart Distribution Centers in Northwest Arkansas. He served as a Buyer Trainee for Wal-Mart working in Store #894 in Tulsa, OK. Mr. McMillon served as a Buyer for Food and Candy, Ladieswear and Crafts, a Divisional Merchandise Manager for Home Furnishings and Infants and Toddlers, Vice President and General Merchandise Manager at Sam’s Club International and Senior Vice President and General Merchandise Manager at Walmart Inc. (formerly known as Wal-Mart Stores, Inc.), where he oversaw purchases for Toys, Electronics, Video Games, Photo, Sporting Goods, Stationary and Office Supplies. He serves as a Director of National Chapter of Students in Free Enterprise (SIFE). He has been a Director of Walmart Inc. (formerly known as Wal-Mart Stores, Inc.) since November 25, 2013. He serves as of Director of US-China Business Council, Inc. He serves on the Executive Board of Director of Center of Retailing Excellence at the University of Arkansas and on the Corporate Board of Advisors for National Council at La Raza. He has been a Director of Walmart Inc. (formerly known as Wal-Mart Stores, Inc.) since November 25, 2013. He served as Director of Massmart Holdings Limited from June 20, 2011 to August 20, 2012. He served as a Director of Wal-Mart de Mexico SAB De CV since 2009. He has been recognized as a Young Global Leader by the World Economic Forum. Mr. McMillon also serves as a member of the executive committee of the Business Roundtable, and serves as a member of the boards of directors of a number of organizations, including The Consumer Goods Forum, The US-China Business Council, and Crystal Bridges Museum of American Art. Mr. McMillon graduated from the University of Arkansas in Fayetteville, with a Bachelor of Science in Business Administration (BSBA) in Accounting. Mr. McMillon received an M.B.A. in Finance from the University of Tulsa.
CEO Compensation
- Doug's compensation has been consistent with company performance over the past year.
- Doug's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the Walmart management team in years:
- The average tenure for the Walmart management team is less than 2 years, this suggests a new team.
Management Team
Doug McMillon
President
$23M
52
5.2 yrs
Brett Biggs
Executive VP & CFO
$8M
50
3.3 yrs
Greg Foran
Executive VP
$11M
57
4.7 yrs
John Furner
Executive VP
$13M
43
2.2 yrs
Marc Lore
Executive VP
$10M
46
2.6 yrs
Daniel Binder
Vice President of Investor Relations
0.8 yrs
Daniel Trujillo
Executive VP
0.3 yrs
Rachel Brand
Executive VP of Global Governance
44
0.7 yrs
Tim Peterson
Head of Sales
0.8 yrs
Barbara Messing
Senior VP & Chief Marketing Officer-U.S.
46
1.3 yrs
Board of Directors Tenure
Average tenure and age of the Walmart board of directors in years:
- The tenure for the Walmart board of directors is about average.
Board of Directors
Greg Penner
Chairman
$465K
49
3.8 yrs
Doug McMillon
President
$23M
52
5.4 yrs
Steve Reinemund
Independent Director
$288K
70
9.3 yrs
Tim Flynn
Independent Director
$382K
61
6.8 yrs
Tom Horton
Independent Director
$323K
56
4.4 yrs
Rob Walton
Director
$265K
73
41.3 yrs
Marissa Mayer
Independent Director
$267K
43
7.3 yrs
Steuart Walton
Director
$265K
36
2.8 yrs
Carla Harris
Independent Director
$227K
55
1.8 yrs
Sarah Friar
Independent Director
45
1.2 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 29. Mar 19 | Sell | Walton Family | Company | 28. Mar 19 | 28. Mar 19 | -792,038 | $97.62 | $-76,872,868 | ||
| 29. Mar 19 | Sell | David Chojnowski | Individual | 29. Mar 19 | 29. Mar 19 | -2,000 | $97.17 | $-194,334 | ||
| 28. Mar 19 | Sell | Walton Family | Company | 26. Mar 19 | 27. Mar 19 | -2,751,360 | $98.42 | $-269,436,492 | ||
| 26. Mar 19 | Sell | Walton Family | Company | 22. Mar 19 | 25. Mar 19 | -2,168,768 | $99.20 | $-213,338,143 | ||
| 22. Mar 19 | Sell | Walton Family | Company | 20. Mar 19 | 21. Mar 19 | -1,649,023 | $99.54 | $-163,060,478 | ||
| 05. Mar 19 | Sell | Walton Family | Company | 04. Mar 19 | 04. Mar 19 | -664,328 | $98.54 | $-65,041,892 | ||
| 02. Mar 19 | Sell | Walton Family | Company | 28. Feb 19 | 01. Mar 19 | -2,488,625 | $99.22 | $-246,042,514 | ||
| 01. Mar 19 | Sell | Walton Family | Company | 26. Feb 19 | 27. Feb 19 | -1,614,118 | $99.02 | $-158,706,053 | ||
| 26. Feb 19 | Sell | Walton Family | Company | 22. Feb 19 | 25. Feb 19 | -1,437,489 | $100.09 | $-143,160,921 | ||
| 22. Feb 19 | Sell | Jacqueline Canney | Individual | 20. Feb 19 | 20. Feb 19 | -980 | $99.03 | $-97,046 | ||
| 22. Feb 19 | Sell | Walton Family | Company | 20. Feb 19 | 21. Feb 19 | -1,855,869 | $101.97 | $-184,778,990 | ||
| 22. Feb 19 | Sell | John Furner | Individual | 20. Feb 19 | 20. Feb 19 | -10,427 | $101.81 | $-1,061,573 | ||
| 31. Dec 18 | Sell | Walton Family | Company | 28. Dec 18 | 28. Dec 18 | -734,950 | $93.11 | $-67,968,645 | ||
| 21. Dec 18 | Sell | Walton Family | Company | 19. Dec 18 | 19. Dec 18 | -500,500 | $92.29 | $-46,191,545 | ||
| 19. Dec 18 | Sell | Walton Family | Company | 17. Dec 18 | 17. Dec 18 | -500 | $92.00 | $-46,000 | ||
| 17. Dec 18 | Sell | Walton Family | Company | 13. Dec 18 | 14. Dec 18 | -724,886 | $93.01 | $-67,191,511 | ||
| 06. Dec 18 | Sell | Walton Family | Company | 03. Dec 18 | 04. Dec 18 | -1,109,156 | $98.70 | $-108,609,813 | ||
| 29. Nov 18 | Sell | John Furner | Individual | 28. Nov 18 | 28. Nov 18 | -4,000 | $97.34 | $-389,360 | ||
| 28. Nov 18 | Sell | Walton Family | Company | 26. Nov 18 | 28. Nov 18 | -2,731,356 | $96.49 | $-260,178,180 | ||
| 23. Nov 18 | Sell | Walton Family | Company | 21. Nov 18 | 21. Nov 18 | -644,405 | $94.59 | $-60,643,240 | ||
| 20. Nov 18 | Sell | Jacqueline Canney | Individual | 19. Nov 18 | 19. Nov 18 | -4,026 | $97.95 | $-394,347 | ||
| 20. Nov 18 | Sell | Walton Family | Company | 16. Nov 18 | 20. Nov 18 | -2,899,239 | $98.14 | $-280,336,184 | ||
| 28. Sep 18 | Sell | John Furner | Individual | 28. Sep 18 | 28. Sep 18 | -9,623 | $94.04 | $-904,964 | ||
| 28. Sep 18 | Sell | Walton Family | Company | 26. Sep 18 | 28. Sep 18 | -2,009,792 | $95.54 | $-190,183,104 | ||
| 20. Sep 18 | Sell | Walton Family | Company | 18. Sep 18 | 18. Sep 18 | -600,000 | $95.37 | $-57,223,140 | ||
| 17. Sep 18 | Sell | Walton Family | Company | 13. Sep 18 | 13. Sep 18 | -531,360 | $95.23 | $-50,600,084 | ||
| 13. Sep 18 | Sell | Walton Family | Company | 11. Sep 18 | 12. Sep 18 | -1,030,640 | $97.56 | $-99,608,318 | ||
| 07. Sep 18 | Sell | Walton Family | Company | 05. Sep 18 | 05. Sep 18 | -230,500 | $95.71 | $-22,060,026 | ||
| 07. Sep 18 | Sell | Judith McKenna | Individual | 06. Sep 18 | 06. Sep 18 | -12,111 | $96.31 | $-1,166,352 | ||
| 31. Aug 18 | Sell | Jacqueline Canney | Individual | 31. Aug 18 | 31. Aug 18 | -1,575 | $95.48 | $-150,388 | ||
| 31. Aug 18 | Sell | Brett Biggs | Individual | 30. Aug 18 | 30. Aug 18 | -18,421 | $96.14 | $-1,771,067 | ||
| 24. Aug 18 | Sell | Walton Family | Company | 23. Aug 18 | 24. Aug 18 | -1,276,062 | $95.54 | $-121,472,703 | ||
| 23. Aug 18 | Sell | Walton Family | Company | 21. Aug 18 | 21. Aug 18 | -1,524,905 | $95.92 | $-146,267,363 | ||
| 23. Aug 18 | Sell | Daniel Bartlett | Individual | 20. Aug 18 | 20. Aug 18 | -2,883 | $96.25 | $-277,497 | ||
| 21. Aug 18 | Sell | Walton Family | Company | 17. Aug 18 | 20. Aug 18 | -881,158 | $98.81 | $-85,998,117 | ||
| 21. Jun 18 | Sell | Walton Family | Company | 19. Jun 18 | 19. Jun 18 | -550,958 | $82.98 | $-45,716,016 | ||
| 19. Jun 18 | Sell | Walton Family | Company | 15. Jun 18 | 18. Jun 18 | -760,377 | $83.60 | $-63,339,293 | ||
| 15. Jun 18 | Sell | Walton Family | Company | 13. Jun 18 | 14. Jun 18 | -1,308,176 | $84.72 | $-109,924,837 | ||
| 13. Jun 18 | Sell | Walton Family | Company | 11. Jun 18 | 12. Jun 18 | -1,106,272 | $84.23 | $-92,974,475 | ||
| 11. Jun 18 | Sell | Walton Family | Company | 07. Jun 18 | 08. Jun 18 | -1,499,270 | $85.71 | $-127,229,141 | ||
| 08. Jun 18 | Sell | David Chojnowski | Individual | 07. Jun 18 | 07. Jun 18 | -5,442 | $85.30 | $-464,176 | ||
| 08. Jun 18 | Sell | Jacqueline Canney | Individual | 06. Jun 18 | 06. Jun 18 | -8,005 | $84.51 | $-676,503 | ||
| 08. Jun 18 | Sell | John Furner | Individual | 06. Jun 18 | 06. Jun 18 | -18,500 | $85.01 | $-1,572,685 | ||
| 07. Jun 18 | Sell | Walton Family | Company | 05. Jun 18 | 06. Jun 18 | -1,190,271 | $85.25 | $-100,754,398 | ||
Management checks
We assess Walmart's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Walmart 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.
WMT News
Simply Wall St News
Need To Know: Walmart Inc. (NYSE:WMT) Insiders Have Been Selling Shares
So we'll take a look at whether insiders have been buying or selling shares in Walmart Inc. … That means that an insider was selling shares at slightly below the current price (US$98.64). … Over the last year we saw more insider selling of Walmart shares, than buying
Simply Wall St - – Full article2 Days Left Until Walmart Inc. (NYSE:WMT) Trades Ex-Dividend
Investors who want to cash in on Walmart Inc.'s (NYSE:WMT) upcoming dividend of US$0.53 per share have only 2 days left to buy the shares before its ex-dividend date, 14 March 2019, in time for dividends payable on the 01 April 2019. … How I analyze a dividend stock? … Will the company be able to keep paying dividend based on the future earnings growth
Simply Wall St - – Full articleHow Does Walmart Inc. (NYSE:WMT) Fare As A Dividend Stock?
A sizeable part of portfolio returns can be produced by dividend stocks due to their contribution to compounding returns in the long run. … Let's dig deeper into whether Walmart should have a place in your portfolio. … Check out our latest analysis for Walmart
Simply Wall St - – Full articleWhy Walmart Inc.'s (NYSE:WMT) High P/E Ratio Isn't Necessarily A Bad Thing
The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). … To keep it practical, we'll show how Walmart Inc.'s (NYSE:WMT) P/E ratio could help you assess the value on offer. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)
Simply Wall St - – Full articleWalmart Inc. (NYSE:WMT) Earns Among The Best Returns In Its Industry
Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … Return On Capital Employed (ROCE): What is it? … ROCE measures the amount of pre-tax profits a company can generate from the capital employed in its business.
Simply Wall St - – Full articleShould You Be Concerned About Walmart Inc.'s (NYSE:WMT) ROE?
While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. … Our data shows Walmart has a return on equity of 7.2% for the last year. … Return on Equity = Net Profit ÷ Shareholders' Equity
Simply Wall St - – Full articleShould You Be Worried About Insider Transactions At Walmart Inc. (NYSE:WMT)?
(NYSE:WMT), you may well want to know whether insiders have been buying or selling. … Walmart Insider Transactions Over The Last Year. … So we know that an insider sold shares at around the present share price of US$90.77.
Simply Wall St - – Full articleIs Walmart Inc (NYSE:WMT) A Financially Sound Company?
the key to their continued success lies in its financial health. … I will provide an overview of Walmart’s financial liquidity and leverage to give you an idea of Walmart’s position to take advantage of potential acquisitions or comfortably endure future downturns. … Note that this commentary is very high-level and solely focused on financial health, so I suggest you dig deeper yourself
Simply Wall St - – Full articleDo Directors Own Walmart Inc (NYSE:WMT) Shares?
Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. … We'd expect to see both institutions and retail investors owning a portion of the company. … Our analysis of the ownership of the company, below, shows that.
Simply Wall St - – Full articleIs Walmart Inc's (NYSE:WMT) High P/E Ratio A Problem For Investors?
The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). … We'll look at Walmart Inc's (NYSE:WMT) P/E ratio and reflect on what it tells us about the company's share price. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)
Simply Wall St - – Full articleWMT Company Info
Description
Walmart Inc. engages in the retail and wholesale operations in various formats worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam's Club. It operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores, discount stores, drugstores, and convenience stores; membership-only warehouse clubs; e-commerce Websites, such as walmart.com, jet.com, shoes.com, and samsclub.com; and mobile commerce applications. The company offers grocery products, including meat, produce, natural and organics, deli and bakery, dairy, frozen foods, alcoholic and nonalcoholic beverages, floral and dry grocery, as well as consumables, such as health and beauty aids, baby products, household chemicals, paper goods, and pet supplies; and health and wellness products. It also provides electronics, cameras and supplies, photo processing services, wireless, movies, music, video games, and books; stationery, automotive, hardware and paint, sporting goods, and outdoor living and horticulture; apparel for women, girls, men, boys, and infants, as well as shoes, jewelry, and accessories; and home furnishings, housewares and small appliances, bedding, home decor, toys, fabrics, crafts, and seasonal merchandise, as well as brand name merchandise. In addition, the company offers fuel and financial services and related products, including money orders, prepaid cards, wire and money transfers, check cashing, and bill payment. It operates approximately 11,300 stores and various e-commerce Websites under the 58 banners in 27 countries. The company was formerly known as Wal-Mart Stores, Inc. and changed its name to Walmart Inc. in February 2018. Walmart Inc. was founded in 1945 and is based in Bentonville, Arkansas.
Details
| Name: | Walmart Inc. |
| WMT | |
| Exchange: | NYSE |
| Founded: | 1945 |
| $295,376,597,793 | |
| 2,869,684,230 | |
| Website: | http://www.stock.walmart.com |
| Address: |
Walmart Inc. 702 SW 8th Street, Bentonville, Arkansas, 72716, United States |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NYSE | WMT | Common Shares | New York Stock Exchange | US | USD | 03. Apr 1972 | |
| DB | WMT | Common Shares | Deutsche Boerse AG | DE | EUR | 03. Apr 1972 | |
| XTRA | WMT | Common Shares | XETRA Trading Platform | DE | EUR | 03. Apr 1972 | |
| LSE | 0R1W | Common Shares | London Stock Exchange | GB | USD | 03. Apr 1972 | |
| SWX | WMT | Common Shares | SIX Swiss Exchange | CH | CHF | 03. Apr 1972 | |
| WBAG | WMT | Common Shares | Wiener Boerse AG | AT | EUR | 03. Apr 1972 | |
| SNSE | WMT | Common Shares | Santiago Stock Exchange | CL | USD | 03. Apr 1972 | |
| BVC | WMT | Common Shares | Bolsa de Valores de Colombia | CO | COP | 03. Apr 1972 | |
| BMV | WMT * | Common Shares | Bolsa Mexicana de Valores | MX | MXN | 03. Apr 1972 | |
| BVL | WMT | Common Shares | Bolsa de Valores de Lima | PE | USD | 03. Apr 1972 | |
| BOVESPA | WALM34 | BDR REPR 1/4 COM STK NPV | Bolsa de Valores de Sao Paulo | BR | BRL | 28. Dec 2011 | |
| BASE | WMT | CEDEARS 3 REP 1 COM USD0.10 | Buenos Aires Stock Exchange | AR | ARS | 19. Jul 2001 |
Number of employees
Current staff
Industry
| Hypermarkets and Super Centers | |
| Consumer Retailing |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/04/16 23:49 |
| End of day share price update: | 2019/04/16 00:00 |
| Last estimates confirmation: | 2019/04/15 |
| Last earnings filing: | 2019/03/28 |
| Last earnings reported: | 2019/01/31 |
| Last annual earnings reported: | 2019/01/31 |
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.
