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Walmart

NYSE:WMT
Snowflake Description

Average dividend payer with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
WMT
NYSE
$290B
Market Cap
  1. Home
  2. US
  3. Consumer Retailing
Company description

Walmart Inc. engages in the retail and wholesale operations in various formats worldwide. The last earnings update was 80 days ago. More info.


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WMT Share Price and Events
7 Day Returns
3.9%
NYSE:WMT
1.8%
US Consumer Retailing
1.2%
US Market
1 Year Returns
-4.6%
NYSE:WMT
1.6%
US Consumer Retailing
0.9%
US Market
WMT Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Walmart (WMT) 3.9% 2.3% 6.2% -4.6% 52.4% 36.3%
US Consumer Retailing 1.8% 3% -3.9% 1.6% 26.6% 33.1%
US Market 1.2% 6.6% 1.2% 0.9% 44.3% 41.3%
1 Year Return vs Industry and Market
  • WMT underperformed the Consumer Retailing industry which returned 1.6% over the past year.
  • WMT underperformed the Market in United States of America which returned 0.9% over the past year.
Price Volatility
WMT
Industry
5yr Volatility vs Market
Related Companies

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.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Walmart.

NYSE:WMT Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 22 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.5%
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.

Calculation of Discount Rate/ Cost of Equity for NYSE:WMT
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 7.3%
Consumer Retailing Unlevered Beta Simply Wall St/ S&P Global 0.49
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.487 (1 + (1- 21%) (21.16%))
0.568
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 * 7.27%)
8.55%

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 use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

NYSE:WMT DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (USD, Millions) 15,136.65 15,940.78 15,225.33 15,423.50 16,642.00
Source Analyst x8 Analyst x9 Analyst x3 Analyst x2 Analyst x2
Present Value
Discounted (@ 8.55%)
13,944.92 13,529.50 11,904.89 11,110.35 11,044.25
Present value of next 5 years cash flows $61,533.91
NYSE:WMT DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= $16,642.00 × (1 + 2.73%) ÷ (8.55% – 2.73%)
$293,953.35
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= $293,953.35 ÷ (1 + 8.55%)5
$195,078.45
NYSE:WMT Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= $61,533.91 + $195,078.45
$256,612.36
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $256,612.36 / 2,905.26
$88.33
NYSE:WMT Discount to Share Price
Calculation Result
Value per share (USD) From above. $88.33
Current discount Discount to share price of $99.99
= -1 x ($99.99 - $88.33) / $88.33
-13.2%

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

  • The current share price of Walmart is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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?
Raw Data
NYSE:WMT PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-10-31) in USD $1.75
NYSE:WMT Share Price ** NYSE (2019-02-15) in USD $99.99
United States of America Consumer Retailing Industry PE Ratio Median Figure of 23 Publicly-Listed Consumer Retailing Companies 14.05x
United States of America Market PE Ratio Median Figure of 3,045 Publicly-Listed Companies 16.97x

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

** Primary Listing of Walmart.

NYSE:WMT PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:WMT Share Price ÷ EPS (both in USD)

= 99.99 ÷ 1.75

57.07x

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?
Raw Data
NYSE:WMT PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 57.07x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 22 Analysts
17.6%per year
United States of America Consumer Retailing Industry PEG Ratio Median Figure of 15 Publicly-Listed Consumer Retailing Companies 2.45x
United States of America Market PEG Ratio Median Figure of 2,115 Publicly-Listed Companies 1.36x

*Line of best fit is calculated by linear regression .

NYSE:WMT PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 57.07x ÷ 17.6%

3.24x

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?
Raw Data
NYSE:WMT PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-10-31) in USD $24.72
NYSE:WMT Share Price * NYSE (2019-02-15) in USD $99.99
United States of America Consumer Retailing Industry PB Ratio Median Figure of 31 Publicly-Listed Consumer Retailing Companies 2.67x
United States of America Market PB Ratio Median Figure of 5,122 Publicly-Listed Companies 1.82x
NYSE:WMT PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:WMT Share Price ÷ Book Value per Share (both in USD)

= 99.99 ÷ 24.72

4.04x

* 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.
X
Value checks
We assess Walmart'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. Walmart has a total score of 0/6, 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 22 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
17.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Walmart expected to grow at an attractive rate?
  • 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
Raw Data
NYSE:WMT Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:WMT Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 22 Analysts 17.6%
NYSE:WMT Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 22 Analysts 2.4%
United States of America Consumer Retailing Industry Earnings Growth Rate Market Cap Weighted Average 12.8%
United States of America Consumer Retailing Industry Revenue Growth Rate Market Cap Weighted Average 3.6%
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 7.1%

*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
NYSE:WMT Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 22 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:WMT Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-01-31 583,149 29,100 15,503 1
2023-01-31 555,157 27,667 14,697 2
2022-01-31 542,686 26,449 14,898 2
2021-01-31 540,958 26,391 14,434 8
2020-01-31 525,330 25,206 13,708 15
2019-01-31 510,218 25,502 6,841 15
NYSE:WMT Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
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
2016-01-31 482,130 27,552 14,694

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Walmart's earnings are expected to grow by 17.6% yearly, however this is not considered high growth (20% yearly).
  • Walmart's revenue is expected to grow by 2.4% 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
NYSE:WMT 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 22 Analyst Estimates (S&P Global) See Below

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

NYSE:WMT Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-01-31 5.87 5.87 5.87 1.00
2023-01-31 5.53 5.60 5.45 2.00
2022-01-31 5.54 6.29 5.10 3.00
2021-01-31 5.05 5.72 4.80 8.00
2020-01-31 4.73 5.00 4.59 17.00
2019-01-31 2.33 2.37 2.29 14.00
NYSE:WMT Past Financials Data
Date (Data in USD Millions) EPS *
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
2016-01-31 4.58

*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.
  • Walmart is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Walmart'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 United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America 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.
Walmart has a total score of 2/6, 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
Below we compare Walmart'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.
  • 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
Walmart'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 Walmart Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:WMT Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
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).
X
Past performance checks
We assess Walmart'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.
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.
Net Worth
  • Walmart's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Walmart's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Walmart'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 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.
Raw Data

All data from Walmart Company Filings, last reported 3 months ago.

NYSE:WMT Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
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 (77.3%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (77.2% vs 77.3% today).
  • Debt is well covered by operating cash flow (46.5%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 11x coverage).
X
Financial health checks
We assess Walmart'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. Walmart has a total score of 3/6, 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.

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
Dividend payments
2.08%
Current annual income from Walmart dividends. Estimated to be 2.25% next year.
If you bought $2,000 of Walmart shares you are expected to receive $42 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?
  • Walmart's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.43%).
  • Walmart's dividend is below the markets top 25% of dividend payers in United States of America (3.59%).
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
NYSE:WMT 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 22 Analyst Estimates (S&P Global) See Below
United States of America Consumer Retailing Industry Average Dividend Yield Market Cap Weighted Average of 13 Stocks 2%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1998 Stocks 2.5%
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.

NYSE:WMT Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2024-01-31 2.72 1.00
2023-01-31 2.52 1.00
2022-01-31 2.36 1.00
2021-01-31 2.31 7.00
2020-01-31 2.16 14.00
2019-01-31 2.08 10.00
NYSE:WMT Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2018-02-20 2.080 2.282
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
2009-03-05 1.090 2.133
2009-02-19 1.090 2.222

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 (0.8x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.2x coverage).
X
Income/ dividend checks
We assess Walmart'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 Walmart afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. 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

 What is the CEO of Walmart'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
Doug McMillon
COMPENSATION $22,791,280
AGE 52
TENURE AS CEO 5 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:

2.2
Average Tenure
48
Average Age
  • The tenure for the Walmart management team is about average.
Management Team

Doug McMillon

TITLE
President
COMPENSATION
$23M
AGE
52
TENURE
5 yrs

Brett Biggs

TITLE
Executive VP & CFO
COMPENSATION
$8M
AGE
50
TENURE
3.1 yrs

Greg Foran

TITLE
Executive VP
COMPENSATION
$11M
AGE
57
TENURE
4.5 yrs

John Furner

TITLE
Executive VP
COMPENSATION
$13M
AGE
43
TENURE
2 yrs

Marc Lore

TITLE
Executive VP
COMPENSATION
$10M
AGE
46
TENURE
2.4 yrs

Jeremy King

TITLE
Chief Technology Officer & Executive VP
TENURE
2.5 yrs

Daniel Binder

TITLE
Vice President of Investor Relations
TENURE
0.6 yrs

Daniel Trujillo

TITLE
Executive VP
TENURE
0.1 yrs

Rachel Brand

TITLE
Executive VP of Global Governance
AGE
44
TENURE
0.5 yrs

Tim Peterson

TITLE
Head of Sales
TENURE
0.7 yrs
Board of Directors Tenure

Average tenure and age of the Walmart board of directors in years:

4.8
Average Tenure
53.5
Average Age
  • The tenure for the Walmart board of directors is about average.
Board of Directors

Greg Penner

TITLE
Chairman
COMPENSATION
$465K
AGE
49
TENURE
3.7 yrs

Doug McMillon

TITLE
President
COMPENSATION
$23M
AGE
52
TENURE
5.3 yrs

Steve Reinemund

TITLE
Independent Director
COMPENSATION
$288K
AGE
70
TENURE
9.1 yrs

Tim Flynn

TITLE
Independent Director
COMPENSATION
$382K
AGE
61
TENURE
6.6 yrs

Tom Horton

TITLE
Independent Director
COMPENSATION
$323K
AGE
56
TENURE
4.3 yrs

Rob Walton

TITLE
Director
COMPENSATION
$265K
AGE
73
TENURE
41.1 yrs

Marissa Mayer

TITLE
Independent Director
COMPENSATION
$267K
AGE
43
TENURE
7.1 yrs

Steuart Walton

TITLE
Director
COMPENSATION
$265K
AGE
36
TENURE
2.7 yrs

Carla Harris

TITLE
Independent Director
COMPENSATION
$227K
AGE
55
TENURE
1.7 yrs

Sarah Friar

TITLE
Independent Director
AGE
45
TENURE
1 yrs
Who owns this company?
Recent Insider Trading
  • Walmart insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
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
X
Management checks
We assess Walmart'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. 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

Walmart 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 -

Should 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 -

Should 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 -

Is 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 -

Do 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 -

Is 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 -

Calculating The Fair Value Of Walmart Inc (NYSE:WMT)

How far off is Walmart Inc (NYSE:WMT) from its intrinsic value? … by projecting its future cash flows and then discounting them to today's value. … Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model

Simply Wall St -

Is Walmart Inc's (NYSE:WMT) CEO Incentives Align With Yours?

This report will, first, examine the CEO compensation levels in comparison to CEO compensation at other big companies. … How Does Doug McMillon's Compensation Compare With Similar Sized Companies. … Our data indicates that Walmart Inc is worth US$302.6b, and total annual CEO compensation is US$23m.

Simply Wall St -

Understanding Your Return On Investment In Walmart Inc (NYSE:WMT)

This share represents a portion of capital used by the company to operate the business, and it is important the company is able to use the capital base efficiently to create adequate cash flows for you as an investor. … You need to pay attention to this because your return on investment is linked to dividends and internal investments to improve the business, which can only occur if the company is expected to produce adequate earnings with the capital that has been provided. … Therefore, looking at how efficiently Walmart is able to use capital to create earnings will help us understand your potential return.

Simply Wall St -

Read This Before Judging Walmart Inc's (NYSE:WMT) ROE

With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … One way to conceptualize this, is that for each $1 of shareholders' equity it has, the company made $0.079 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

WMT Company Info

Map
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, hayneedle.com, shoes.com, moosejaw.com, modcloth.com, bonobos.com, and samsclub.com; and mobile commerce and voice-activated 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, as well as consumer credit services. It operates approximately 11,200 stores and various e-commerce Websites under the 55 banners in 27 countries. The company was formerly known as Wal-Mart Stores, Inc. and changed its name to Walmart Inc. in February 2018. It has strategic partnership with Microsoft Corporation. Walmart Inc. was founded in 1945 and is based in Bentonville, Arkansas.

Details
Name: Walmart Inc.
WMT
Exchange: NYSE
Founded: 1945
$290,496,953,299
2,905,260,059
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
Staff numbers
2,300,000
Walmart employees.
Industry
Hypermarkets and Super Centers
Consumer Retailing
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/02/18 01:39
End of day share price update: 2019/02/15 00:00
Last estimates confirmation: 2019/02/15
Last earnings filing: 2018/11/30
Last earnings reported: 2018/10/31
Last annual earnings reported: 2018/01/31


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.