Walmart Financials

WMT Stock  USD 60.72  0.21  0.35%   
Based on the key indicators related to Walmart's liquidity, profitability, solvency, and operating efficiency, Walmart is doing better financially then in previous quarter. It has a moderate risk of reporting better financial numbers in April. At this time, Walmart's Property Plant And Equipment Gross is comparatively stable compared to the past year. Other Liabilities is likely to gain to about 15.2 B in 2024, whereas Total Stockholder Equity is likely to drop slightly above 49.4 B in 2024. Key indicators impacting Walmart's financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Net Profit Margin0.03530.0239
Way Up
Slightly volatile
Return On Assets0.09080.0615
Way Up
Slightly volatile
Return On Equity0.230.185
Fairly Up
Slightly volatile
Debt Equity Ratio0.530.5088
Sufficiently Up
Very volatile
Operating Income15.9 B27 B
Way Down
Pretty Stable
Current Ratio1.250.8319
Way Up
Pretty Stable
The financial analysis of Walmart is a critical element in measuring its lifeblood. The essential information of the day-to-day investment outlook for Walmart includes many different criteria found on its balance sheet. For example, investors should never minimize Walmart's ability to pay suppliers or employees on time, making sure interest payments are not accumulating or correctly timing where and how to re-invest extra cash. Any individual investor needs to monitor Walmart's cash flow, debt, and profitability to effectively and accurately make more informed decisions on whether to invest in Walmart.

Cash And Equivalents

11.26 Billion

With this module, you can analyze Walmart financials for your investing period. You should be able to track the changes in Walmart individual financial statements over time to develop the understanding of its risk, liquidity, profitability, or other critical and vital indicators.
  
Understanding current and past Walmart Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Walmart's financial statements are interrelated, with each one affecting the others. For example, an increase in Walmart's assets may result in an increase in income on the income statement.
Evaluating Walmart's financials involves analyzing a range of financial metrics and ratios to gain insights into the company's financial health and performance. However, considering all of Walmart's profitability, liquidity ratios, and efficiency indicators at the same time could be an enormous task, and our Financial Distress score can provide you with a snapshot of the Walmart's relative financial performance

Chance Of Distress

Less than 4

 
100  
 
Zero
Very Low
Walmart has less than 4 (%) percent chance of experiencing financial distress in the next two years of operations. The calculation of odds of distress for Walmart stock is tightly coupled with the Probability of Bankruptcy. It complements the equity performance score by supplying investors with insight into company financials without requiring them to know too much about all of the complex accounting and financial indicators surrounding the entity.
Please note, Walmart's odds of distress score SHOULD NOT be confused with the real chance of Walmart filing for bankruptcy protection for chapters 7, 11, 12, or 13. We define Financial Distress as an operational condition where an entity such as Walmart is having difficulty meeting its current financial obligations towards its creditors or delivering on the expectations of its investors. Macroaxis derives these conditions daily from public financial statements and analysis of stock prices reacting to market conditions or economic downturns, including short-term and long-term historical volatility. Other factors considered include Walmart's liquidity analysis, revenue patterns, R&D expenses, and commitments, as well as public headlines and social sentiment.
More Info
The data published in Walmart's official financial statements usually reflect Walmart's business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of Walmart. For example, before you start analyzing numbers published by Walmart accountants, it's critical to develop an understanding of what Walmart's liquidity, profitability, and earnings quality are in the context of the Consumer Staples Distribution & Retail space in which it operates.
Please note, the presentation of Walmart's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Walmart's management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in Walmart's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Walmart. Please utilize our Beneish M Score to check the likelihood of Walmart's management manipulating its earnings.

Walmart Company Summary

Walmart competes with Dollar General, Grocery Outlet, Trxade, Davis Commodities, and WEBUY GLOBAL. Walmart Inc. engages in the operation of retail, wholesale, and other units worldwide. The company was founded in 1945 and is based in Bentonville, Arkansas. Walmart operates under Discount Stores classification in the United States and is traded on New York Stock Exchange. It employs 2300000 people.
Foreign Associate
  Canada
Specialization
Consumer Defensive, Consumer Staples Distribution & Retail
InstrumentUSA Stock View All
ExchangeNew York Stock Exchange
CIK Number0000104169
ISINUS9311421039
CUSIP931142103
RegionNorth America
LocationArkansas; U.S.A
Business Address702 South West
SectorConsumer Staples Distribution & Retail
IndustryConsumer Staples
BenchmarkNYSE Composite
Websitecorporate.walmart.com
Phone479 273 4000
CurrencyUSD - US Dollar
You should never invest in Walmart without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of Walmart Stock, because this is throwing your money away. Analyzing the key information contained in Walmart's financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.

Walmart Key Financial Ratios

Generally speaking, Walmart's financial ratios allow both analysts and investors to convert raw data from Walmart's financial statements into concise, actionable information that can be used to evaluate the performance of Walmart over time and compare it to other companies across industries. There are many critical financial ratios that investors are exposed to on a daily basis, but they are usually grouped into few meaningful categories from each financial statement that Walmart reports annually and quarterly.

Walmart Key Balance Sheet Accounts

201920202021202220232024 (projected)
Total Assets236.5B252.5B244.9B243.5B252.4B132.1B
Other Current Liab20.6B35.9B24.4B29.4B29.6B31.1B
Net Debt63.0B45.5B42.6B50.0B50.6B29.1B
Retained Earnings83.9B88.8B86.9B83.1B89.8B50.0B
Cash9.5B17.7B14.8B8.9B9.9B5.3B
Net Receivables6.3B6.5B8.3B7.9B8.8B9.2B
Inventory44.4B44.9B56.5B56.6B54.9B30.6B
Other Current Assets1.6B20.9B1.5B2.5B3.3B2.0B
Total Liab154.9B165.0B153.0B159.5B161.8B169.9B
Total Current Assets61.8B90.1B81.1B75.9B76.9B41.7B
Short Term Debt8.2B5.3B5.2B6.6B5.7B5.4B
Intangible Assets5.2B4.9B4.8B4.3B4.9B4.7B
Accounts Payable47.0B49.1B55.3B54.0B56.8B28.9B
Common Stock284M282M276M269M268M254.6M
Other Liab12.3B13.9B13.5B12.6B14.5B15.2B
Other Assets5.4B3.7B22.2B20.1B23.2B24.3B
Long Term Debt43.7B41.2B34.9B34.6B36.1B36.1B
Good Will31.1B29.0B29.0B28.2B28.1B21.4B
Net Tangible Assets64.1B47.0B54.2B66.4B59.8B45.6B
Long Term Debt Total43.7B45.0B39.1B39.5B35.5B34.1B
Capital Surpluse3.2B3.6B4.8B5.0B5.7B3.6B

Walmart Key Income Statement Accounts

An income statement is very similar to a cash flow statement, but instead of showing net revenue minus expenses, it only includes earnings before interest and taxes (EBIT). This number does not have all of the same line items that are on a cash flow statement, but it leaves out non-cash expenses like depreciation and amortization. For example, if you bought $100 worth of goods from Walmart (WMT) using your debit card that has an interest rate of 20%, then paid off the balance at the end of the month with a credit card that charges 30% interest, you would have an income statement showing EBIT of $80 because your expenses are lower than the amount that went into your pocket. The other reason investors look at the income statement is to determine what Walmart's earnings per share (EPS) will be in order to see if they want to buy more shares or not. For example, if a company earned $20 million in the last quarter and has 100,000 shares outstanding, its EPS is 20 cents. If you find that this number beats analysts' forecasts or is higher than it was from the same period last year, then you might want to buy more of this stock even though its price per share may not have changed.
201920202021202220232024 (projected)
Total Revenue524.0B559.2B572.8B611.3B648.1B680.5B
Gross Profit129.4B138.8B143.8B147.6B158.0B165.9B
Operating Income20.6B22.5B25.9B20.4B27.0B15.9B
Ebit20.6B22.5B25.9B20.4B27.0B16.0B
Ebitda33.7B34.0B33.8B30.1B38.9B21.6B
Cost Of Revenue394.6B420.3B429B463.7B490.1B514.6B
Income Before Tax20.1B20.6B18.7B17.0B21.8B14.3B
Net Income14.9B13.5B13.7B11.7B15.5B9.3B
Income Tax Expense4.9B6.9B4.8B5.7B5.6B4.6B
Interest Expense2.6B2.3B2.0B2.1B2.7B2.0B
Minority Interest320M6.6B(267M)388M(759M)(721.1M)
Tax Provision4.9B6.9B4.8B5.7B5.6B4.4B
Interest Income189M121M1.8B1.9B546M916.9M
Net Interest Income(2.4B)(2.2B)(1.8B)(1.9B)(2.1B)(2.2B)

Walmart Key Cash Accounts

Cash flow analysis captures how much money flows into and out of Walmart. It measures of how well Walmart is doing because it can show the actual money that comes into and out of the Company from sales instead of measuring expenses against revenue to determine earnings. You have to read the cash flow statement in three sections. The first section shows how much money Walmart brought in, usually known as net revenue or sales. This is different from earnings because it does not include expenses when determining net revenue for use on this part of the cash flow statement. Next, are operating activities, which show how much money Walmart had leftover after paying for its expenses. This number can be calculated in two ways: by subtracting the total of all operating expenses from net revenue or by adding up changes to cash and other assets or liabilities on this part of the statement. The third section is about investing activities, which shows what Walmart has done with the money that it received from the sale of assets or what it spent to acquire new ones. This section can be broken down into two parts: investing in existing businesses (in other words, buying more stock) and investing in non-business activities like paying off debt or making acquisitions.
201920202021202220232024 (projected)
Change To Inventory(300M)(2.4B)(11.8B)(528M)2.0B2.1B
Change In Cash1.8B8.3B(3.0B)(5.7B)1.2B1.3B
Free Cash Flow14.6B25.8B11.1B12.2B15.1B8.5B
Depreciation11.0B11.2B10.7B10.9B11.9B6.3B
Other Non Cash Items95M(7.1B)6.9B3.6B26.6B27.9B
Dividends Paid6.0B6.1B6.2B6.1B(6.1B)(5.8B)
Capital Expenditures10.7B10.3B13.1B16.9B20.6B10.4B
Net Income15.2B13.7B13.9B11.3B15.5B10.5B
End Period Cash Flow9.5B17.8B14.8B9.1B9.9B6.1B
Change Receivables154M(1.1B)(1.8B)240M216M226.8M
Net Borrowings(1.1B)(5.7B)(5.9B)2.3B2.1B2.2B
Change To Netincome430M3.4B6.4B4.1B4.7B2.7B
Investments(9.1B)(10.1B)(6.0B)(17.7B)(21.3B)(20.2B)

Walmart Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Walmart's current stock value. Our valuation model uses many indicators to compare Walmart value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Walmart competition to find correlations between indicators driving Walmart's intrinsic value. More Info.
Walmart is rated first in total asset category among related companies. It is rated first in current asset category among related companies fabricating about  0.24  of Current Asset per Total Asset. The ratio of Total Asset to Current Asset for Walmart is roughly  4.19 . Non Current Assets Total is likely to drop to about 90.4 B in 2024. Other Current Assets is likely to drop to about 2 B in 2024. Comparative valuation analysis is a catch-all model that can be used if you cannot value Walmart by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Walmart's Stock . Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Walmart's earnings, one of the primary drivers of an investment's value.

Walmart Systematic Risk

Walmart's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Walmart volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was three with a total number of output elements of fifty-eight. The Beta measures systematic risk based on how returns on Walmart correlated with the market. If Beta is less than 0 Walmart generally moves in the opposite direction as compared to the market. If Walmart Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Walmart is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Walmart is generally in the same direction as the market. If Beta > 1 Walmart moves generally in the same direction as, but more than the movement of the benchmark.

About Walmart Financials

What exactly are Walmart Financials? Typically, a company's financial statements are the reports that show the financial position of the company. Three primary documents fall into the category of financial statements. These documents include Walmart's income statement, its balance sheet, and the statement of cash flows. Potential Walmart investors and stakeholders use financial statements to determine how well the company is positioned to perform in the future. Although Walmart investors may use each financial statement separately, they are all related. The changes in Walmart's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Walmart's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.

Steps to analyze Walmart Financials for Investing

There are several different ways that investors can use financial statements to try and predict whether a stock price will go up or down. Unfortunately, there is no surefire formula, but there are some general guidelines you should consider when looking at the numbers. First, realize what kind of company it is so you know if its revenues are more likely to grow or shrink over time. For example, a software company's revenue is expected to increase yearly due to new products and services that its customers will want to buy. At the same time, a car manufacturer might not be able to sell as many cars when the economy slows down, so it would have less net income during those times. Second, pay attention to its debt-to-equity ratio because this number will tell you how much risk it has. If a company such as Walmart is not taking on any additional risks, its debt-to-equity should be less than one. As a general rule of thumb, if the market value or book value (which can be found in the footnotes) of assets exceeds the company's liabilities, then it is probably in good shape. Finally, use other financial statements to determine if a stock price will go up or down because investors are always looking for growth opportunities when they buy new stocks. For example, if you see that the net revenue of Walmart has grown by more than 25% over the last five years, then there is a good chance that it will continue growing by at least 20% or more each year. On the other hand, if you see that net revenue has only increased by about 15%, which is barely above inflation levels, then chances are it will not grow much faster than this over time, and investors may shy away from buying it.
In summary, you can determine if Walmart's financials are consistent with your investment objective using the following steps:
  • Review Walmart's balance sheet accounts, such as liabilities and equity, to understand its overall financial position.
  • Analyze the income statement and examine the company's revenue, expenses, and profits over time to determine its financial performance.
  • Study the cash flow inflows and outflows to understand Walmart's liquidity and solvency.
  • Look at the growth rates in revenue, earnings, and cash flow over time to determine its potential for future growth.
  • Compare Walmart's financials to those of its peers to see how it stacks up and identify any potential red flags.
  • Use valuation ratios to evaluate the company's financials using commonly used ratios such as the price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and enterprise value-to-earnings before interest, taxes, depreciation, and amortization (EV/EBITDA) ratio to determine if Walmart's stock is overvalued or undervalued.
Remember, these are just guidelines and should not be the only basis for investment decisions. It is always important to analyze the leading stock market indicators., conduct additional research and seek professional advice if needed.

Walmart Thematic Clasifications

Walmart is part of several thematic ideas from Macroaxis Index to Dividend Beast. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. Get More Thematic Ideas
Today, most investors in Walmart Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Walmart's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Walmart growth as a starting point in their analysis.

Price Earnings To Growth Ratio

0.8

At this time, Walmart's Price Earnings To Growth Ratio is comparatively stable compared to the past year.

Walmart March 28, 2024 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of Walmart help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Walmart. We use our internally-developed statistical techniques to arrive at the intrinsic value of Walmart based on widely used predictive technical indicators. In general, we focus on analyzing Walmart Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Walmart's daily price indicators and compare them against related drivers.
When determining whether Walmart is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Walmart Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Walmart Stock. Highlighted below are key reports to facilitate an investment decision about Walmart Stock:
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Walmart. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.
For more information on how to buy Walmart Stock please use our How to Invest in Walmart guide.
You can also try the Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.

Complementary Tools for Walmart Stock analysis

When running Walmart's price analysis, check to measure Walmart's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Walmart is operating at the current time. Most of Walmart's value examination focuses on studying past and present price action to predict the probability of Walmart's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Walmart's price. Additionally, you may evaluate how the addition of Walmart to your portfolios can decrease your overall portfolio volatility.
ETFs
Find actively traded Exchange Traded Funds (ETF) from around the world
AI Portfolio Architect
Use AI to generate optimal portfolios and find profitable investment opportunities
Top Crypto Exchanges
Search and analyze digital assets across top global cryptocurrency exchanges
Stock Tickers
Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites
Latest Portfolios
Quick portfolio dashboard that showcases your latest portfolios
Portfolio File Import
Quickly import all of your third-party portfolios from your local drive in csv format
Price Transformation
Use Price Transformation models to analyze the depth of different equity instruments across global markets
AI Investment Finder
Use AI to screen and filter profitable investment opportunities
Is Walmart's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Walmart. If investors know Walmart will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Walmart listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.12)
Dividend Share
0.76
Earnings Share
1.91
Revenue Per Share
80.243
Quarterly Revenue Growth
0.057
The market value of Walmart is measured differently than its book value, which is the value of Walmart that is recorded on the company's balance sheet. Investors also form their own opinion of Walmart's value that differs from its market value or its book value, called intrinsic value, which is Walmart's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Walmart's market value can be influenced by many factors that don't directly affect Walmart's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Walmart's value and its price as these two are different measures arrived at by different means. Investors typically determine if Walmart is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Walmart's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.