Walmart Inc. Financial Ratios — WMT AV Stock

Profitability (USD)

	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y	2026 Y
As of date	01/31/2012	01/31/2013	01/31/2014	01/31/2015	01/31/2016	01/31/2017	01/31/2018	01/31/2019	01/31/2020	01/31/2021	01/31/2022	01/31/2023	01/31/2024	01/31/2025	01/31/2026

Return on Common Equity (%)	23.55	23.88	21.33	20.08	16.66	15.16	11.27	8.01	18	15.59	15.52	13.65	17.77	20.49	21.39
Return on Assets (%)	8.39	8.57	7.86	8.02	7.29	6.85	4.89	3.15	6.53	5.53	5.5	4.79	6.26	7.57	8.03
Return on Capital (%)	13.55	13.65	12.37	12.31	11.32	10.39	7.92	5.43	10.67	9.22	9.55	8.89	10.85	12.82	13.69
Return on Invested Capital (%)	14.02	13.93	12.68	13.02	12.15	11.89	10.89	10.11	10.42	9.64	12.57	9.03	13.29	14.16	13.26
Gross Margin (%)	24.98	24.83	24.82	24.83	25.13	25.65	25.37	25.1	24.69	24.83	25.1	24.14	24.38	24.85	24.93
EBITDA Margin (%)	7.75	7.72	7.5	7.48	6.96	6.76	6.19	6.34	6.02	6.03	6.39	5.13	6	6.21	6.17
Operating Margin (%)	5.93	5.92	5.64	5.59	5	4.69	4.08	4.27	3.93	4.03	4.53	3.34	4.17	4.31	4.18
Incremental Operating Margin (%)	3.85	5.57	-11.16	2.94	86.4	-35.83	-16.08	10.81	-14.53	5.63	24.95	-14.31	17.87	7.11	1.48
Pretax Margin (%)	5.45	5.48	5.18	5.11	4.49	4.22	3.02	2.23	3.84	3.68	3.26	2.78	3.37	3.86	4.13
Profit Margin (%)	3.52	3.63	3.36	3.37	3.05	2.81	1.97	1.3	2.84	2.42	2.39	1.91	2.39	2.85	3.07
Net Income to Common Margin (%)	3.52	3.63	3.36	3.37	3.05	2.81	1.97	1.3	2.84	2.42	2.39	1.91	2.39	2.85	3.07
Effective Tax Rate (%)	32.57	31.01	32.87	32.2	30.31	30.27	30.42	37.36	24.43	33.35	25.44	33.64	25.53	23.38	24.43
Dvd Payout Ratio (%)	29.53	29.04	35.64	35.24	40.7	41.6	54.76	79.37	38.97	43.99	43.3	56.07	36.06	32.03	33.15
Sustainable Growth Rate (%)	16.59	16.95	13.73	13	9.88	8.85	5.1	1.65	10.99	8.73	8.8	6	11.36	13.92	14.3

Credit (USD)

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	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y	2026 Y
As of date	01/31/2012	01/31/2013	01/31/2014	01/31/2015	01/31/2016	01/31/2017	01/31/2018	01/31/2019	01/31/2020	01/31/2021	01/31/2022	01/31/2023	01/31/2024	01/31/2025	01/31/2026

Total Debt	53,427	54,136	56,641	50,165	50,034	45,938	46,487	58,033	72,433	63,246	57,323	58,923	61,321	60,114	67,095
ST Debt	6,348	12,719	12,082	6,670	6,004	3,920	9,662	7,830	8,241	5,296	5,207	6,603	6,537	7,965	12,625
LT Debt	47,079	41,417	44,559	43,495	44,030	42,018	36,825	50,203	64,192	57,950	52,116	52,320	54,784	52,149	54,470
Total Debt/EBITDA	1.54	1.5	1.58	1.38	1.49	1.4	1.5	1.78	2.3	1.88	1.57	1.88	1.58	1.42	1.52
Net Debt/EBITDA	1.26	1.19	1.29	1.05	1.04	0.99	1.04	1.31	1.27	0.8	0.64	0.97	0.79	0.71	0.77
Total Debt/EBIT	2.02	1.95	2.11	1.85	2.08	2.02	2.27	2.64	3.52	2.8	2.21	2.88	2.27	2.05	2.25
Net Debt/EBIT	1.64	1.55	1.72	1.4	1.45	1.43	1.58	1.95	1.95	1.19	0.9	1.5	1.13	1.02	1.14
EBITDA to Interest Expense	14.91	16.1	15.31	14.76	13.17	13.88	13.29	13.91	12.14	14.56	18.36	14.74	14.49	15.51	15.73
EBITDA-CapEx/Interest Expense	9.09	10.36	9.69	9.81	8.67	9.39	8.98	9.5	8.02	10.12	11.78	6.82	6.81	6.8	6.21
EBIT to Interest Expense	11.42	12.33	11.51	11.03	9.46	9.62	8.77	9.36	7.91	9.74	13.01	9.6	10.07	10.76	10.66
Interest Expense	2,320	2,249	2,335	2,461	2,548	2,367	2,330	2,346	2,599	2,315	1,994	2,128	2,683	2,728	2,799
Common Equity/Total Assets	35.69	36.09	37.55	42.31	45.26	45.09	41.76	36.97	35.61	35.27	35.6	34.52	35.9	38	37.09
Long-Term Debt/Equity (%)	61.81	50.35	53.8	50.61	52.66	52.17	45.56	63.04	78.71	66.21	56.72	62.29	60.49	53.38	51.3
Long-Term Debt/Capital (%)	36.98	31.06	31.8	30.89	30.7	30.37	27.31	34.33	39.25	36.47	34.03	34.84	34.53	31.43	30.39
Long-Term Debt/Total Assets (%)	24.34	20.39	21.76	21.37	22.06	21.13	18.01	22.89	27.14	22.95	21.28	21.51	21.71	19.99	19.13
Total Debt/Equity (%)	70.15	65.81	68.38	58.37	59.84	57.04	57.52	72.87	88.82	72.26	62.38	70.15	67.7	61.53	63.19
Total Debt/Capital (%)	41.97	40.59	40.43	35.63	34.88	33.21	34.48	39.68	44.29	39.8	37.43	39.24	38.65	36.23	37.44
Total Debt/Total Assets (%)	27.62	26.65	27.66	24.65	25.07	23.1	22.73	26.46	30.63	25.05	23.41	24.23	24.3	23.05	23.57
Net Debt to Equity	57.17	52.28	55.85	44.38	41.82	40.36	39.94	53.87	49.28	30.61	25.37	36.42	33.77	30.74	32.05
Net Debt/Capital (%)	36.06	34.25	34.83	28.96	25.95	24.72	25.2	30.97	26.08	18.98	16.85	21.61	20.56	19.14	20.2
EBITDA	34,597	36,203	35,742	36,320	33,559	32,844	30,966	32,635	31,555	33,700	36,600	31,373	38,865	42,321	44,028
EBITDA-CapEx	21,087	23,305	22,627	24,146	22,082	22,225	20,915	22,291	20,850	23,436	23,494	14,516	18,259	18,538	17,386
Operating Income (Loss)	26,491	27,725	26,872	27,147	24,105	22,764	20,437	21,957	20,568	22,548	25,942	20,428	27,012	29,348	29,825

Liquidity (USD)

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	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y	2026 Y
As of date	01/31/2012	01/31/2013	01/31/2014	01/31/2015	01/31/2016	01/31/2017	01/31/2018	01/31/2019	01/31/2020	01/31/2021	01/31/2022	01/31/2023	01/31/2024	01/31/2025	01/31/2026

Cash Ratio	0.11	0.11	0.1	0.14	0.13	0.1	0.09	0.1	0.12	0.19	0.17	0.09	0.11	0.09	0.1
Current Ratio	0.88	0.83	0.88	0.97	0.93	0.86	0.76	0.8	0.79	0.97	0.93	0.82	0.83	0.82	0.79
Quick Ratio	0.2	0.2	0.2	0.24	0.22	0.19	0.16	0.18	0.2	0.26	0.26	0.18	0.2	0.2	0.2
CFO/Avg Current Liab	0.4	0.38	0.33	0.42	0.42	0.48	0.39	0.36	0.33	0.42	0.27	0.32	0.39	0.39	0.41
Common Equity/Total Assets	35.69	36.09	37.55	42.31	45.26	45.09	41.76	36.97	35.61	35.27	35.6	34.52	35.9	38	37.09
Long-Term Debt/Equity (%)	61.81	50.35	53.8	50.61	52.66	52.17	45.56	63.04	78.71	66.21	56.72	62.29	60.49	53.38	51.3
Long-Term Debt/Capital (%)	36.98	31.06	31.8	30.89	30.7	30.37	27.31	34.33	39.25	36.47	34.03	34.84	34.53	31.43	30.39
Long-Term Debt/Total Assets (%)	24.34	20.39	21.76	21.37	22.06	21.13	18.01	22.89	27.14	22.95	21.28	21.51	21.71	19.99	19.13
Total Debt/Equity (%)	70.15	65.81	68.38	58.37	59.84	57.04	57.52	72.87	88.82	72.26	62.38	70.15	67.7	61.53	63.19
Total Debt/Capital (%)	41.97	40.59	40.43	35.63	34.88	33.21	34.48	39.68	44.29	39.8	37.43	39.24	38.65	36.23	37.44
Total Debt/Total Assets (%)	27.62	26.65	27.66	24.65	25.07	23.1	22.73	26.46	30.63	25.05	23.41	24.23	24.3	23.05	23.57
CFO/Total Liabilities	20.69	21.18	19.08	24.3	23.76	26.78	22.91	19.87	16.3	21.87	15.81	18.12	22.08	22.34	23.29
CFO/CapEx	1.8	1.98	1.77	2.35	2.4	2.98	2.82	2.68	2.36	3.51	1.85	1.71	1.73	1.53	1.56
Altman's Z-Score	4.68	4.72	4.78	5.14	4.83	4.76	5.11	4.83	4.62	4.82	5.11	5.08	5.41	6.76	6.84

Working Capital (USD)

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	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y	2026 Y
As of date	01/31/2012	01/31/2013	01/31/2014	01/31/2015	01/31/2016	01/31/2017	01/31/2018	01/31/2019	01/31/2020	01/31/2021	01/31/2022	01/31/2023	01/31/2024	01/31/2025	01/31/2026

Accounts Receivable Turnover	80.99	73.77	70.85	72.19	77.75	84.8	87.4	86.48	83.39	87.37	77.42	75.41	77.49	72.56	67.45
Days Sales Outstanding	4.51	4.95	5.15	5.06	4.69	4.3	4.18	4.22	4.38	4.18	4.71	4.84	4.71	5.03	5.41
Inventory Turnover	8.68	8.34	8.08	8.11	8.06	8.26	8.6	8.75	8.9	9.4	8.46	8.2	8.79	9.19	9.29
Days Inventory Outstanding	42.03	43.78	45.19	44.99	45.3	44.21	42.44	41.71	41.02	38.81	43.16	44.51	41.5	39.7	39.3
Accounts Payable Turnover	9.65	9.52	9.51	9.64	9.37	9	8.55	8.28	8.4	8.76	8.44	8.51	8.84	8.89	8.84
Accounts Payable Turnover Days	37.81	38.35	38.37	37.87	38.95	40.53	42.69	44.07	43.47	41.68	43.25	42.89	41.31	41.06	41.31
Cash Conversion Cycle	8.73	10.38	11.98	12.17	11.05	7.98	3.92	1.86	1.93	1.31	4.63	6.45	4.91	3.67	3.4
Inventory to Cash Days	-37.52	-38.83	-40.04	-39.93	-40.61	-39.91	-38.26	-37.49	-36.65	-34.63	-38.45	-39.67	-36.79	-34.67	-33.89
Inventories	40,714	43,803	44,858	45,141	44,469	43,046	43,783	44,269	44,435	44,949	56,511	56,576	54,892	56,435	58,851
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	40,714	43,803	44,858	45,141	44,469	43,046	43,783	44,269	44,435	44,949	56,511	56,576	54,892	56,435	58,851

Enterprise Value (USD)

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	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y	2026 Y
As of date	01/31/2012	01/31/2013	01/31/2014	01/31/2015	01/31/2016	01/31/2017	01/31/2018	01/31/2019	01/31/2020	01/31/2021	01/31/2022	01/31/2023	01/31/2024	01/31/2025	01/31/2026

Market Capitalization	212,271	236,045	244,096	274,518	212,817	206,992	319,237	280,657	326,268	397,727	390,322	391,929	444,826	789,305	951,095
- Cash & Cash Equivalents	6,550	7,781	7,281	9,135	8,705	6,867	6,756	7,722	9,465	17,741	14,760	8,625	9,867	9,037	10,727
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	4,850	5,914	6,575	4,543	3,065	2,737	2,953	7,138	6,883	6,606	8,638	7,298	6,710	6,679	6,563
+ Total Debt	53,427	54,136	56,641	50,165	50,034	45,938	46,487	58,033	72,433	63,246	57,323	58,923	61,321	60,114	67,095
Enterprise Value	263,998	288,314	300,031	320,091	257,211	248,800	361,921	338,106	396,119	449,838	441,523	449,525	502,990	847,061	1,014,026
Total Capital	127,310	133,360	140,105	140,808	143,437	138,334	134,842	146,244	163,543	158,897	153,141	150,164	158,650	165,908	179,229
Total Debt/Capital (%)	41.97	40.59	40.43	35.63	34.88	33.21	34.48	39.68	44.29	39.8	37.43	39.24	38.65	36.23	37.44
Total Debt / EV	0.2	0.19	0.19	0.16	0.19	0.18	0.13	0.17	0.18	0.14	0.13	0.13	0.12	0.07	0.07
EV/Sales	0.59	0.62	0.63	0.66	0.53	0.51	0.72	0.66	0.76	0.8	0.77	0.74	0.78	1.24	1.42
EV/EBITDA	7.63	7.96	8.39	8.81	7.66	7.58	11.69	10.36	12.55	13.35	12.06	14.33	12.94	20.02	23.03
EV/EBIT	9.97	10.4	11.17	11.79	10.67	10.93	17.71	15.4	19.26	19.95	17.02	22.01	18.62	28.86	34
EV/Cash Flow to Firm	10.22	10.62	12.09	10.59	8.77	7.47	12.08	11.57	14.55	11.96	17.2	14.86	13.33	21.98	23.21
EV/Free Cash Flow to Firm	6.71	7.2	7.91	7.55	6.3	5.66	9.05	8.55	10.45	9.39	11.39	9.54	8.62	13.59	14.42
Diluted Market Cap	213,130	237,094	245,142	275,623	213,480	207,726	320,836	282,190	328,329	399,975	392,139	393,368	446,644	793,231	955,741
Diluted Enterprise Value	264,857	289,363	301,077	321,196	257,874	249,534	363,520	339,639	398,180	452,086	443,340	450,964	504,808	850,987	1,018,672
EV per Share	25.43	28.48	30.59	33.03	26.73	26.74	40.28	38.48	46.33	52.97	52.71	55.01	62.28	105.34	127.02
TTM Sales	446,509	468,651	476,294	485,651	482,130	485,873	500,343	514,405	523,964	559,151	572,754	611,289	648,125	680,985	713,163
TTM EBITDA	34,597	36,203	35,742	36,320	33,559	32,844	30,966	32,635	31,555	33,700	36,600	31,373	38,865	42,321	44,028
TTM Operating Income	26,491	27,725	26,872	27,147	24,105	22,764	20,437	21,957	20,568	22,548	25,942	20,428	27,012	29,348	29,825
TTM Cash Flow to Firm	25,819	27,143	24,824	30,233	29,328	33,324	29,958	29,223	27,219	37,617	25,668	30,253	37,724	38,533	43,680
TTM Free Cash Flow to Firm	39,329	40,041	37,939	42,407	40,805	43,943	40,009	39,567	37,924	47,881	38,774	47,110	58,330	62,316	70,322

Multiples (USD)

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	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y	2026 Y
As of date	01/31/2012	01/31/2013	01/31/2014	01/31/2015	01/31/2016	01/31/2017	01/31/2018	01/31/2019	01/31/2020	01/31/2021	01/31/2022	01/31/2023	01/31/2024	01/31/2025	01/31/2026

Price/Free Cash Flow	5.64	6.16	6.74	6.77	5.47	4.91	8.36	7.41	9.13	8.63	10.52	8.61	7.93	13.17	14.01
EV/EBIT	9.97	10.4	11.17	11.79	10.67	10.93	17.71	15.4	19.26	19.95	17.02	22.01	18.62	28.86	34
Enterprise Value	263,998	288,314	300,031	320,091	257,211	248,800	361,921	338,106	396,119	449,838	441,523	449,525	502,990	847,061	1,014,026
Low Price	16.1	19.06	22.71	24.09	18.77	20.78	22.01	27.26	31.04	34	42.09	39.09	45.36	55.06	79.81
EV/Sales	0.59	0.62	0.63	0.66	0.53	0.51	0.72	0.66	0.76	0.8	0.77	0.74	0.78	1.24	1.42
EV/EBITDA	7.63	7.96	8.39	8.81	7.66	7.58	11.69	10.36	12.55	13.35	12.06	14.33	12.94	20.02	23.03
Price/Earnings	13.52	13.89	15.24	16.78	14.48	15.17	32.37	42.08	21.93	29.44	28.55	33.56	28.68	40.61	43.44
Price/Earnings Average	12.06	13.48	15.49	15.44	15.41	15.88	24.87	40.29	21.09	27.65	28.86	32.27	26.82	30.41	36.83
Price/Earnings High	13.67	15.4	16.6	17.96	19.2	17.09	33.4	46.79	24.01	32.2	31.16	37.49	29.5	40.96	44.35
Price/Earnings Low	10.65	11.35	13.9	14.27	12.29	14.17	20.05	35.91	17.83	21.37	25.78	27.35	23.62	22.78	29.1
Price/Book Value	3.07	3.22	3.17	3.19	2.36	2.31	3.74	3.46	3.87	4.47	4.48	4.67	4.91	7.96	9.01
Price/Book Value Average	2.74	3.13	3.23	2.93	2.51	2.42	2.87	3.31	3.73	4.19	4.53	4.49	4.59	5.96	7.64
Price/Book Value High	3.11	3.57	3.46	3.41	3.12	2.6	3.86	3.85	4.24	4.89	4.89	5.22	5.05	8.03	9.2
Price/Book Value Low	2.42	2.63	2.9	2.71	2	2.16	2.32	2.95	3.15	3.24	4.04	3.81	4.04	4.47	6.04
Price/Tangible Book Value	3.82	3.82	3.85	4.05	3.18	3.26	5.1	5.79	6.46	6.79	6.21	7.02	7.12	11.46	12.28
Price/Tangible Book Value Average	3.41	3.71	3.92	3.72	3.38	3.41	3.92	5.55	6.22	6.38	6.28	6.75	6.66	8.58	10.41
Price/Tangible Book Value High	3.86	4.24	4.2	4.33	4.22	3.67	5.26	6.44	7.08	7.43	6.78	7.85	7.33	11.55	12.54
Price/Tangible Book Value Low	3.01	3.12	3.52	3.44	2.7	3.04	3.16	4.94	5.26	4.93	5.61	5.72	5.87	6.43	8.23
Price/Sales	0.48	0.5	0.51	0.57	0.44	0.43	0.64	0.55	0.62	0.71	0.68	0.64	0.69	1.16	1.33
Price/Sales Average	0.42	0.49	0.52	0.52	0.47	0.45	0.49	0.52	0.6	0.67	0.69	0.62	0.64	0.87	1.13
Price/Sales High	0.48	0.56	0.56	0.6	0.59	0.48	0.66	0.61	0.68	0.78	0.74	0.72	0.71	1.17	1.36
Price/Sales Low	0.37	0.41	0.47	0.48	0.37	0.4	0.4	0.47	0.51	0.52	0.62	0.52	0.57	0.65	0.89
Price/Cash Flow	8.75	9.22	10.5	9.61	7.72	6.54	11.27	10.11	12.92	11.03	16.14	13.59	12.45	21.66	22.88
Price/Cash Flow Average	7.81	8.96	10.67	8.84	8.22	6.84	8.65	9.68	12.43	10.35	16.32	13.07	11.65	16.22	19.4
Price/Cash Flow High	8.85	10.23	11.44	10.29	10.24	7.36	11.62	11.25	14.15	12.06	17.62	15.18	12.81	21.84	23.36
Price/Cash Flow Low	6.89	7.54	9.58	8.17	6.55	6.1	6.98	8.63	10.51	8	14.58	11.08	10.25	12.15	15.33
Price/Free Cash Flow Average	5.04	5.98	6.85	6.23	5.82	5.14	6.42	7.09	8.78	8.11	10.63	8.28	7.42	9.86	11.88
Price/Free Cash Flow High	5.7	6.83	7.34	7.24	7.25	5.53	8.62	8.24	10	9.44	11.48	9.62	8.15	13.28	14.3
Price/Free Cash Flow Low	4.44	5.03	6.15	5.75	4.64	4.59	5.18	6.32	7.43	6.27	9.5	7.02	6.53	7.39	9.39
EV/Sales Average	0.54	0.6	0.64	0.61	0.56	0.53	0.58	0.63	0.73	0.76	0.78	0.71	0.73	0.95	1.22
EV/Sales High	0.6	0.67	0.68	0.7	0.68	0.57	0.74	0.72	0.82	0.87	0.83	0.81	0.8	1.25	1.45
EV/Sales Low	0.49	0.52	0.59	0.57	0.47	0.48	0.48	0.58	0.64	0.61	0.7	0.62	0.65	0.73	0.98
EV/EBITDA Average	6.97	7.77	8.51	8.21	8.07	7.87	9.3	9.99	12.16	12.63	12.18	13.85	12.2	15.33	19.74
EV/EBITDA High	7.7	8.68	9.01	9.34	9.73	8.37	12.02	11.32	13.54	14.45	13.04	15.79	13.27	20.17	23.48
EV/EBITDA Low	6.33	6.77	7.8	7.68	6.7	7.16	7.76	9.1	10.62	10.11	11.03	12.02	10.92	11.83	15.9
EV/EBIT Average	9.1	10.15	11.32	10.98	11.23	11.36	14.09	14.86	18.65	18.88	17.19	21.27	17.56	22.11	29.14
EV/EBIT High	10.05	11.33	11.98	12.5	13.55	12.08	18.21	16.83	20.77	21.6	18.4	24.26	19.09	29.09	34.66
EV/EBIT Low	8.26	8.84	10.37	10.28	9.33	10.33	11.77	13.53	16.3	15.12	15.56	18.46	15.71	17.05	23.47
Last Price	20.45	23.32	24.89	28.33	22.12	22.25	35.53	31.94	38.16	46.83	46.6	47.96	55.08	98.16	119.14
High Price	20.67	25.87	27.12	30.32	29.33	25.06	36.66	35.52	41.79	51.22	50.86	53.59	56.65	99	121.62
Enterprise Value Average	241,130	281,462	304,186	298,204	270,760	258,489	287,922	326,173	383,652	425,648	445,863	434,481	474,221	648,804	869,173
Enterprise Value High	266,282	314,125	321,901	339,374	326,578	274,941	372,074	369,563	427,156	487,122	477,204	495,533	515,669	853,815	1,033,823
Enterprise Value Low	218,845	245,194	278,652	279,005	224,980	235,124	240,444	296,983	335,243	340,873	403,747	377,039	424,491	500,493	700,054

Shares Outstanding	10,254	9,942	9,699	9,684	9,486	9,144	8,856	8,700	8,400	8,463	8,283	8,100	8,054	8,024	7,969
Diluted Weighted Avg Shares	10,422	10,167	9,849	9,729	9,651	9,336	9,030	8,835	8,604	8,541	8,415	8,202	8,109	8,081	8,022
Basic Weighted Avg Shares	10,380	10,122	9,807	9,690	9,621	9,303	8,985	8,787	8,550	8,493	8,376	8,172	8,076	8,041	7,983
Revenue per Share	43.02	46.3	48.57	50.12	50.11	52.23	55.69	58.54	61.28	65.84	68.38	74.8	80.25	84.69	89.34
EBITDA per Share	3.33	3.58	3.64	3.75	3.49	3.53	3.45	3.71	3.69	3.97	4.37	3.84	4.81	5.26	5.52
Operating Income per Share	2.55	2.74	2.74	2.8	2.51	2.45	2.27	2.5	2.41	2.65	3.1	2.5	3.34	3.65	3.74
Basic EPS, GAAP	1.51	1.68	1.63	1.69	1.53	1.47	1.1	0.76	1.74	1.59	1.63	1.43	1.92	2.42	2.74
Basic EPS from Cont Ops	1.58	1.75	1.69	1.74	1.57	1.54	1.17	0.82	1.78	1.61	1.66	1.38	2.01	2.51	2.79
Diluted EPS, GAAP	1.51	1.67	1.63	1.68	1.52	1.46	1.09	0.75	1.73	1.58	1.62	1.42	1.91	2.41	2.73
Diluted EPS from Cont Ops	1.57	1.74	1.68	1.73	1.56	1.53	1.17	0.81	1.77	1.6	1.66	1.38	2.01	2.49	2.78
Dividend per Share	0.49	0.53	0.63	0.64	0.65	0.67	0.68	0.69	0.71	0.72	0.73	0.75	0.76	0.83	0.94
Cash Flow per Share	2.34	2.53	2.37	2.95	2.86	3.4	3.15	3.16	2.95	4.25	2.89	3.53	4.42	4.53	5.21
Free Cash Flow per Basic Share	1.04	1.25	1.03	1.69	1.67	2.26	2.04	1.98	1.7	3.04	1.32	1.47	1.87	1.57	1.87
Cash & Equivalents per Share	0.63	0.77	0.74	0.94	0.9	0.74	0.75	0.88	1.11	2.09	1.76	1.06	1.22	1.12	1.34
Book Value per Share	6.65	7.24	7.84	8.89	9.39	9.64	9.5	9.23	9.85	10.48	10.41	10.27	11.22	12.33	13.22
Tangible Book Value per Share	5.35	6.1	6.46	7	6.96	6.83	6.96	5.51	5.9	6.89	7.51	6.83	7.73	8.57	9.7

Walmart Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)