Walmart Inc. engages in the operation of retail, wholesale, and other units 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, and discount stores; membership-only warehouse clubs; ecommerce websites, such as walmart.com, walmart.com.mx, walmart.ca, flipkart.com, and samsclub.com; and mobile commerce applications. Based on the Walmart Inc stock forecasts from 24 analysts, the average analyst target price for Walmart Inc is USD 158.35 over the next 12 months. Walmart Inc’s average analyst rating is Buy . Stock Target Advisor’s own stock analysis of Walmart Inc is Neutral, which is based on 8 positive signals and 9 negative signals. At the last closing, Walmart Inc’s stock price was USD 122.43. Walmart Inc’s stock price has changed by -17.06% over the past week, -21.46% over the past month and -13.73% over the last year.

1. Page 1 of 10 Any information in this report is not , and should not be regarded as investment advice or as a recommendation regarding any particular security or course of
action. We recommend seeking a licensed professional for investment advice.
WMT:NYE (Walmart Inc)
Discount Stores | NYE | Common Stock
Values as of 18th May, 2022
Stock Target Advisor
Detailed Stock Report
Report Date: 19th May, 2022
Last Close
USD 122.43
Change
-8.92(-6.79%)
Market Cap
USD 361.58B
1 Yr Capital Gain
-13.73%
1 Yr Dividend Return
1.56%
1 Yr Total
Return
-12.17%
Earning Growth (5 yr)
104.99%
Average Target Price
158.35(+29.34% )
Average Analyst
Rating
Buy
Fundamental
Analysis
Neutral
Our view of the stock is Neutral with a score of 4.7 out of 10, where 0 is very bearish and 10 very bullish
What to like
High market capitalization
This is one of the largest entities in its sector and is among the top quartile. Such companies tend to be more stable.
Superior risk adjusted returns
This stock has performed well, on a risk adjusted basis, compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile.
Low volatility
The stock’s annual returns have been stable and consistent compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile. Although
stability is good, also keep in mind it can limit returns.
Underpriced compared to book value
The stock is trading low compared to its peers on a price to book value basis and is in the top quartile. It may be underpriced but do check its financial performance to
make sure there is no specific reason.
Low debt
The company is less leveraged than its peers ,, and is among the top quartile, which makes it more flexible. However, do check the news and look at its sector.
Sometimes this is low because the company is not growing and has no growth potential.
Positive cash flow
The company had positive total cash flow in the most recent four quarters.
Positive free cash flow
The company had positive total free cash flow in the most recent four quarters.
High Gross Profit to Asset Ratio
This stock is in the top quartile compared to its peers on Gross Profit to Asset Ratio. This is a popular measure among value investors for showing superior returns in
the long run.
What to not like
Below median total returns
The company has under performed its peers on annual average total returns in the past 5 years.
Below median dividend returns
The company’s average income yield over the past 5 years has been low compared to its peers. However, it is not a problem if you are not looking for income.
Overpriced compared to earnings
The stock is trading high compared to its peers on a price to earning basis and is above the sector median.
Overpriced on cashflow basis
The stock is trading high compared to its peers on a price to cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering
to buy.
Poor return on equity
The company management has delivered below median return on equity in the most recent 4 quarters compared to its peers.
Poor capital utilization
The company management has delivered below median return on invested capital in the most recent 4 quarters compared to its peers.
Poor return on assets
The company management has delivered below median return on assets in the most recent 4 quarters compared to its peers.

2. Page 2 of 10 Any information in this report is not , and should not be regarded as investment advice or as a recommendation regarding any particular security or course of
action. We recommend seeking a licensed professional for investment advice.
Overpriced on free cash flow basis
The stock is trading high compared to its peers on a price to free cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are
considering to buy.
Low Revenue Growth
This stock has shown below median revenue growth in the previous 5 years compared to its sector

3. Page 3 of 10 Any information in this report is not , and should not be regarded as investment advice or as a recommendation regarding any particular security or course of
action. We recommend seeking a licensed professional for investment advice.
WMT:NYE (Walmart Inc)
Discount Stores | | Common Stock
Stock Target Advisor
Detailed Stock Report
Report Date: 19th May, 2022
Adjusted Closing Share Volume
Relative Returns Relative Performance (Total Returns)
Security Capital Gain Dividend Return Total Return
WMT
Walmart Inc
-13.7% +1.6% -12.2%
VTI
Vanguard Index Funds -
Vanguard Total Stock Market
ETF
-8.1% +1.4% -6.7%
Company Overview
Walmart Inc. engages in the operation of retail, wholesale, and other units 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, and discount stores; membership-only warehouse clubs; ecommerce websites, such as walmart.com, walmart.com.mx,
walmart.ca, flipkart.com, and samsclub.com; and mobile commerce applications. The company offers grocery and consumables, which
includes dairy, meat, bakery, deli, produce, dry, chilled or frozen packaged foods, alcoholic and nonalcoholic beverages, floral, snack foods,
candy, other grocery items, health and beauty aids, paper goods, laundry and home care, baby care, pet supplies, and other consumable
items; and health and wellness products covering pharmacy, over-the-counter drugs and other medical products, and optical and hearing
services. It also provides gasoline stations and tobacco; home improvement, outdoor living, gardening, furniture, apparel, jewelry, tools and
power equipment, housewares, toys, seasonal items, mattresses, and tire and battery centers; and consumer electronics and accessories,
software, video games, office supplies, appliances, and third-party gift cards. In addition, the company offers fuel and financial services and
related products, including money orders, prepaid cards, money transfers, and check cashing and bill payment, as well as various types of
installment lending. It operates approximately 10,500 stores and various e-commerce websites under 46 banners in 24 countries. The
company was formerly known as Wal-Mart Stores, Inc. and changed its name to Walmart Inc. in February 2018. The company was founded in
1945 and is based in Bentonville, Arkansas.

4. Page 4 of 10 Any information in this report is not , and should not be regarded as investment advice or as a recommendation regarding any particular security or course of
action. We recommend seeking a licensed professional for investment advice.
Company Website
https://www.stock.walmart.com
Address
702 South West 8th Street, Bentonville, AR, United States, 72716
Fiscal Year End
January
Employees
2300000
Technical Indicators
Value Value
Beta 0.55 52 Week High 160.19
Short Ratio 1.71 52 Week Low 130.64
Shorted Shares 12,361,771 200 Day Moving Average 144.68
Shorted Shares Previous Month 10,632,640 50 Day Moving Average 149.83
Shares Held By Insiders 4,770.20% Short Percentage 1.00%
Shares Held by Institutions 32.85 Dividend Yield 1.71%

5. Page 5 of 10 Any information in this report is not , and should not be regarded as investment advice or as a recommendation regarding any particular security or course of
action. We recommend seeking a licensed professional for investment advice.
WMT:NYE (Walmart Inc)
Discount Stores | | Common Stock
Stock Target Advisor
Detailed Stock Report
Report Date: 19th May, 2022
Market Performance
Market Performance vs. Industry / Classification (Discount Stores) Market Performance vs. Exchange (Nasdaq Global Select)
Value Sector Median
Percentile
Rank
Grade Market Median Percentile Rank Grade
YTD
Capital Gain -15.38% -20.2% 80% -14.1% 46%
Dividend Return 0.77% 0.7% 75% 1.0% 43%
Total Return -14.61% -20.2% 80% -13.2% 46%
Trailing 12 Months
Capital Gain -13.73% -26.2% 60% -10.9% 43%
Dividend Return 1.56% 1.6% 50% 2.8% 31%
Total Return -12.17% -24.6% 60% -8.1% 40%
Trailing 5 Years
Capital Gain 55.43% 55.4% 50% 5.3% 77%
Dividend Return 14.23% 12.3% 75% 13.0% 55%
Total Return 69.66% 69.7% 50% 20.6% 77%
Average Annual (5 Year Horizon)
Capital Gain 13.92% 18.9% 20% 5.0% 72%
Dividend Return 2.11% 2.1% 50% 2.1% 50%
Total Return 16.03% 22.2% 20% 8.1% 72%
Risk Return Profile
Volatility (Standard
Deviation)
10.29% 32.9% 100% 22.8% 80%
Risk Adjusted Return 155.80% N/A 80% 40.9% 99%
Market Capitalization 361.58B 52.06B 100% 8.61B 100%

6. Page 6 of 10 Any information in this report is not , and should not be regarded as investment advice or as a recommendation regarding any particular security or course of
action. We recommend seeking a licensed professional for investment advice.
Key Financial Ratios
Ratios vs. Industry / Classification (Computer Hardware) Ratios vs. Exchange (Nasdaq Global Select)
Value Sector Median
Percentile
Rank
Grade Market Median Percentile Rank Grade
Market Value
peratio 27.0 20.7 20% 16.2 24%
pbratio 4.9 8.5 80% 1.6 15%
pcfratio 15.0 11.6 40% 7.3 28%
pfcfratio 14.3 14.4 60% 10.8 34%
Management Effectiveness
retequity 15.54% 15.6% 20% 10.2% 68%
retinvcap 17.17% 24.1% 40% 5.6% 84%
retass 6.52% 7.2% 40% 2.6% 80%
debtequityratio 41.88% 66.6% 80% 68.8% 66%
Technical Ratios
yield 1.71% 1.6% 75% 3.1% 29%
sratio 1.71 3.84 100% 2.14 57%
spercent 0.86% 7.4% 100% 3.6% 79%
beta 0.55 0.59 80% 1.04 81%

7. Page 7 of 10 Any information in this report is not , and should not be regarded as investment advice or as a recommendation regarding any particular security or course of
action. We recommend seeking a licensed professional for investment advice.
WMT:NYE (Walmart Inc)
Discount Stores | | Common Stock
Stock Target Advisor
Detailed Stock Report
Report Date: 19th May, 2022
Recent Analyst Ratings
Price Action Rating Action Analyst Rating Price date
Target Set by Goldman Sachs USD 160 2022-05-18
Target Down Raymond James Capital Outperform USD 150 2022-05-18
Reiterated Jefferies Financial LLC Buy USD 175 » USD 155 2022-05-18
Target Down Citigroup Buy USD 166 2022-05-18
Target Down Wells Fargo NA USD 150 2022-05-18
Reiterated JP Morgan & Company Neutral USD 141 » USD 134 2022-05-18
Reiterated Stifel Nicolaus Research Hold USD 155 » USD 150 2022-05-18
Reiterated Evercore ISI In-Line USD 140 » USD 135 2022-05-18
Target Down MKM Partners NA USD 159 2022-05-18
Target Down Guggenheim Securities NA USD 175 2022-05-18
Target Down Telsey Advisory Group Outperform USD 160 2022-05-18
Target Down Credit Suisse NA USD 155 2022-05-18
Target Down BMO Financial Outperform USD 165 2022-05-18
Reiterated Gordon Haskett Hold USD 140 » USD 135 2022-05-18
Reiterated Bank of America Securities Buy USD 190 » USD 160 2022-05-18
Reiterated UBS Buy USD 180 » USD 165 2022-05-18
Target Down RBC Royalbank Outperform USD 153 2022-05-18
Target Down Truist Securities NA USD 139 2022-05-18
Target Down Deutsche Bank Capital NA USD 166 2022-05-18
Target Raised by D.A. Davidson Buy USD 168 » USD 171 2022-04-08
Maintains Raymond James Capital Outperform USD 170 » USD 165 2022-02-22
Maintains Morgan Stanley Overweight USD 170 » USD 165 2022-02-22
Maintains Deutsche Bank Capital Buy USD 186 » USD 184 2022-02-18
Target Set by Goldman Sachs USD 180 2022-02-18
Maintains Jefferies Financial LLC Buy USD 184 » USD 175 2022-02-18

8. Page 8 of 10 Any information in this report is not , and should not be regarded as investment advice or as a recommendation regarding any particular security or course of
action. We recommend seeking a licensed professional for investment advice.
WMT:NYE (Walmart Inc)
Discount Stores | | Common Stock
Stock Target Advisor
Detailed Stock Report
Report Date: 19th May, 2022
Annual Financial (USD)

9. Page 9 of 10 Any information in this report is not , and should not be regarded as investment advice or as a recommendation regarding any particular security or course of
action. We recommend seeking a licensed professional for investment advice.
WMT:NYE (Walmart Inc)
Discount Stores | | Common Stock
Stock Target Advisor
Detailed Stock Report
Report Date: 19th May, 2022
Quarterly Financial (USD)

10. Page 10 of 10 Any information in this report is not , and should not be regarded as investment advice or as a recommendation regarding any particular security or course of
action. We recommend seeking a licensed professional for investment advice.
WMT:NYE (Walmart Inc)
Discount Stores | | Common Stock
Stock Target Advisor
Detailed Stock Report
Report Date: 19th May, 2022
Largest Industry Peers for Discount Stores
Symbol Company Name Price(Change) Market Cap
TGT Target Corporation -53.67 (-24.9%) USD 99.82B
DG Dollar General Corporation -25.29 (-11.1%) USD 52.06B
BJ BJ's Wholesale Club Holdings I.. -10.39 (-16.3%) USD 8.61B
BIG Big Lots Inc -3.86 (-11.7%) USD 0.94B
7532 Pan Pacific International Hold.. N/A N/A
2651 Lawson Inc N/A N/A
2782 Seria Co Ltd N/A N/A
ETFs Containing WMT
Symbol Company Name Weight Mer Price(Change) Market Cap
HEWA:LSE HSBC ETFs Public Limited Compa.. 1.41 % 0.00 % N/A USD 0.10B
H41I:F HSBC ETFs Public Limited Compa.. 1.41 % 0.00 % N/A USD 0.10B
H41I:XETRA HSBC Economic Scale Worldwide .. 1.41 % 0.00 % N/A USD 0.10B
FLQG Franklin LibertyQ Global Equit.. 1.09 % 0.34 % -1.21 (0.0%) USD 0.02B
UKCO:LSE SSgA SPDR ETFs Europe I Public.. 0.50 % 0.00 % N/A USD 0.32B
SYBS:XETRA SSgA SPDR ETFs Europe I Public.. 0.38 % 0.00 % -0.12 (0.0%) USD 0.32B
SYBS:F SSgA SPDR ETFs Europe I Public.. 0.38 % 0.00 % -0.32 (0.0%) USD 0.32B
QVMP:F PowerShares Global Funds Irela.. 0.00 % 0.00 % +0.28 (+0.0%) USD 0.01B
XDWS:F Xtrackers (IE) Public Limited .. 0.00 % 0.00 % -0.34 (0.0%) USD 0.70B
UBUW:F UBS (Irl) ETF Public Limited C.. 0.00 % 0.00 % +0.04 (+0.0%) USD 0.06B
The Stock Target Advisor platform run millions of calculations every day on over 30,000 Canadian and American stocks, comparing and
ranking their financial and market performance against their sectors and exchange.
We represent the percentile ranking using the following grading system.
Letter Grade Percentage Letter Grade Percentage Letter Grade Percentage
A+ 97%-100% A 93%-96% A- 90%-92%
B+ 97%-89% B 83%-86% B- 80%-82%
C+ 77%-79% C 73%-76% C- 70%-72%
D+ 67%-69% D 63%-66% D- 60%-62%
F 0%-59%