Walmart Inc Stock Fair Value Calculation – WALMART INC Reports Record Profits for Second Quarter of FY2024
August 28, 2023
☀️Earnings Overview
WALMART INC ($NYSE:WMT) reported their FY2024 second-quarter earnings on July 31 2023, with the quarter ending on August 17 2023. The company saw total revenue of USD 161.6 billion, a 5.7% increase from the same period the year prior, and net income reached USD 7.9 billion, showing a 53.2% increase.
Price History
On Thursday, WALMART INC reported record profits for the second quarter of FY2024. The company opened at $160.9 and closed at $155.7, down by 2.2% from the previous closing price of 159.3. The stock saw a slight dip despite the record-breaking profits reported by the company. It was largely attributed to the success of their online sales platform which saw a massive surge in growth.
The company also attributed their success to cost management and efficient inventory management. This was largely due to the increased demand from customers due to the changing consumer habits owing to the pandemic. The company’s success was attributed to their efficient cost management, inventory management, and online sales platform. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Walmart Inc. More…
| Total Revenues | Net Income | Net Margin |
| 630.79k | 14.04k | 2.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Walmart Inc. More…
| Operations | Investing | Financing |
| 37.8k | -19.05k | -18.95k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Walmart Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 255.12k | 169.56k | 29.54 |
Key Ratios Snapshot
Some of the financial key ratios for Walmart Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 5.2% | 0.8% | 3.7% |
| FCF Margin | ROE | ROA |
| 3.0% | 19.2% | 5.7% |
Analysis – Walmart Inc Stock Fair Value Calculation
As GoodWhale, we have conducted an analysis of WALMART INC‘s fundamentals. Using our proprietary Valuation Line, we have calculated the fair value of WALMART INC share to be around $146.2. That being said, it is important to note that the stock market is highly volatile, and investors should always be aware of the risks involved with stock investments. More…
Peers
The retail industry is highly competitive, with Walmart Inc competing against Target Corp, Sprouts Farmers Market Inc, and Costco Wholesale Corp. All four companies are vying for market share in the retail sector. Walmart Inc is the largest company in the group, followed by Target Corp, Sprouts Farmers Market Inc, and Costco Wholesale Corp. All four companies are publicly traded on the stock exchange.
– Target Corp ($NYSE:TGT)
Target Corp is an American retail corporation. The company was founded in 1902 and is headquartered in Minneapolis, Minnesota. Target operates 1,851 stores across the United States. The company’s store format includes Target, Target Greatland, and SuperTarget. Target is the second-largest discount retailer in the United States, behind Walmart. The company’s revenue for 2018 was $75.4 billion, and its operating income was $5.9 billion. Target’s net income for 2018 was $3.6 billion, and its total assets were $42.5 billion as of December 31, 2018.
– Sprouts Farmers Market Inc ($NASDAQ:SFM)
Sprouts Farmers Market Inc is a grocery store chain that specializes in selling fresh, natural, and organic food. The company has a market capitalization of $3 billion as of 2022 and a return on equity of 21.14%. Sprouts Farmers Market operates more than 340 stores in 22 states across the United States. The company was founded in 2002 and is headquartered in Phoenix, Arizona.
– Costco Wholesale Corp ($NASDAQ:COST)
Costco Wholesale Corporation is the largest membership warehouse club in the United States. As of 2022, it had a market capitalization of 209.47 billion and a return on equity of 24.62%. Costco Wholesale Corporation is a bulk retailer of food, electronics, and other merchandise. It operates through a chain of membership warehouses in the United States and other countries. Costco Wholesale Corporation was founded in 1976 and is headquartered in Issaquah, Washington.
Summary
WALMART INC recently reported its second quarter FY2024 earnings results, showing strong overall performance. The company reported total revenue of USD 161.6 billion, representing a 5.7% growth from the prior year period. Net income also saw a 53.2% increase to USD 7.9 billion.
These numbers indicate that WALMART has been able to capitalize on the current market environment and has remained resilient during the pandemic period. The figures suggest WALMART INC is a strong investment opportunity moving forward.
