Stock Analysis on Net

Walmart Inc. (NYSE:WMT)

Enterprise Value (EV)

Microsoft Excel

Current Enterprise Value (EV)

Walmart Inc., current enterprise value calculation

Microsoft Excel
Current share price (P) $60.51
No. shares of common stock outstanding 8,058,048,674
US$ in millions
Common equity (market value)1 487,593
Add: Noncontrolling interest (per books) 6,488
Total equity 494,081
Add: Short-term borrowings (per books) 878
Add: Long-term debt due within one year (per books) 3,447
Add: Finance lease obligations due within one year (per books) 725
Add: Long-term debt, excluding due within one year (per books) 36,132
Add: Long-term finance lease obligations, excluding due within one year (per books) 5,709
Total equity and debt 540,972
Less: Cash and cash equivalents 9,867
Enterprise value (EV) 531,105

Based on: 10-K (reporting date: 2024-01-31).

1 Common equity (market value) = Share price × No. shares of common stock outstanding
= 60.51 × 8,058,048,674


Historical Enterprise Value (EV)

Walmart Inc., EV calculation

Microsoft Excel
Jan 31, 2024 Jan 31, 2023 Jan 31, 2022 Jan 31, 2021 Jan 31, 2020 Jan 31, 2019
Share price1, 2 $60.68 $46.47 $48.48 $43.91 $37.99 $32.38
No. shares of common stock outstanding1 8,058,048,674 8,086,967,799 8,255,338,887 8,451,215,085 8,496,831,660 8,609,052,690
US$ in millions
Common equity (market value)3 488,962 375,801 400,219 371,093 322,795 278,761
Add: Noncontrolling interest (book value) 6,488 7,061 8,638 6,606 6,883 7,138
Total equity 495,450 382,862 408,857 377,699 329,678 285,899
Add: Short-term borrowings (book value) 878 372 410 224 575 5,225
Add: Long-term debt due within one year (book value) 3,447 4,191 2,803 3,115 5,362 1,876
Add: Finance lease obligations due within one year (book value) 725 567 511 491 511 729
Add: Long-term debt, excluding due within one year (book value) 36,132 34,649 34,864 41,194 43,714 43,520
Add: Long-term finance lease obligations, excluding due within one year (book value) 5,709 4,843 4,243 3,847 4,307 6,683
Total equity and debt 542,341 427,484 451,688 426,570 384,147 343,932
Less: Cash and cash equivalents 9,867 8,625 14,760 17,741 9,465 7,722
Enterprise value (EV) 532,474 418,859 436,928 408,829 374,682 336,210

Based on: 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-01-31).

1 Data adjusted for splits and stock dividends.

2 Closing price as at the filing date of Walmart Inc. Annual Report.

3 2024 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 60.68 × 8,058,048,674

Item Description The company
EV Enterprise value is total company value (the market value of common equity, debt, and preferred equity) minus the value of cash and short-term investments. Walmart Inc. EV decreased from 2022 to 2023 but then increased from 2023 to 2024 exceeding 2022 level.