Walm34.Sa

(a) Capital structure and liquidity: The company reports total assets of $284.67 billion against total liabilities of $185.05 billion, resulting in total equity of $99.62 billion. Long-term debt stands at $51.52 billion, while cash and equivalents are $10.73 billion, leading to a net cash position that is negative after subtracting total debt. The debt-to-equity ratio is 0.52, indicating a moderate leverage level. However, liquidity appears constrained with a current ratio of 0.79, suggesting that current liabilities exceed current assets. Operating cash flow is robust at $41.57 billion, but free cash flow is significantly lower at $2.32 billion due to high capital expenditures of $26.64 billion.

(b) Profitability and returns: The company generated revenue of $713.16 billion with a gross profit of $177.77 billion, resulting in an operating income of $29.83 billion and net income of $21.89 billion. Return on equity is 22.82%, and return on assets is 7.99%. These returns are strong, but the valuation multiples are exceptionally high, with a P/E ratio of 198.53, a P/B ratio of 45.31, and an EV/EBITDA of 150.90. The EV/Revenue ratio is 6.28. These multiples suggest the market is pricing in significant future growth or that the current earnings base is viewed as temporary or non-recurring, although no specific cohort medians are provided for direct comparison.

Walmart Inc (WALM34.SA) has recorded significant major holder changes as of the March 31, 2026 reporting period, marking the first analysis for this ticker with no prior basis for delta computation. The most material shift involves investor ID 587, who increased their stake from 73,971 shares (valued at $9.19 million, representing 0.005% weight) to 3,856,781 shares (valued at $479.32 million, representing 0.277% weight). This substantial accumulation was detected on June 27, 2026, indicating a decisive increase in institutional exposure to the retailer. Concurrently, investor ID 931 exhibited volatile positioning during the same period. Initial data detected on June 26, 2026, showed this investor increasing their holding from 37,939 shares (valued at $4.72 million, 0.002% weight) to 1,442,701 shares (valued at $177.30 million, 0.085% weight). However, a subsequent modification detected on July 1, 2026, reversed this change, showing the position returning to the lower level of 37,939 shares. A further detection on July 10, 2026, again reflected the higher position of 1,442,701 shares, suggesting ongoing adjustments or data reconciliation for this specific holder. These holder modifications occur against a backdrop of limited recent news activity. Cross-source signal analysis shows zero dispatches per day from June 24, 2026, through July 14, 2026, with no associated sentiment data. This absence of recent news flow contrasts with the significant internal changes in shareholder composition, highlighting that the primary recent developments for WALM34.SA are driven by institutional portfolio adjustments rather than public market events or earnings announcements. The company’s profile includes 11 analysts and 40 top holders, providing a baseline for monitoring these shifts. While the specific identities of investors 587 and 931 are not disclosed in the available facts, the magnitude of the changes—particularly the nearly 50-fold increase in share count for investor 587—underscores a notable realignment of capital. As this is the first analysis for the ticker, these figures establish the initial benchmark for future tracking of institutional interest in Walmart Inc.

Revenue grew at a 5.6% CAGR from 2022 to 2026, demonstrating consistent top-line expansion over the four-year period.

Net income expanded at a 12.5% CAGR from 2022 to 2026, significantly outpacing revenue growth rates.

Return on equity of 6.28% surpasses the 5.08% median for the Food Retail & Distribution cohort.

Free cash flow declined 12.6% year-over-year to $2.32 billion in fiscal 2026.

The company faces a high credit risk level according to the provided risk flags.

Long-term debt increased to $51.52 billion in fiscal 2026, up from $42.83 billion in 2022.

Cash conversion ratio of 0.83 is below the 1.09 median for the Food Retail & Distribution cohort.

The company carries a medium liquidity risk level according to the provided risk flags.

Revenue $177.75B, +7,3% YoY; Operating income +5,0% YoY.

• ▍Revenue $177.75B, +7,3% YoY
• ▍Operating income +5,0% YoY
• ▍Net income +18,8% YoY
• ▍Free cash flow −42,6% YoY
• ▍Net margin 3.0%

Revenue $190.66B, +5,6% YoY; Operating income +10,8% YoY.

• ▍Revenue $190.66B, +5,6% YoY
• ▍Operating income +10,8% YoY
• ▍Net income −19,4% YoY
• ▍Free cash flow −6 382,1% YoY
• ▍Net margin 2.2%

Revenue $179.50B, +5,8% YoY; Operating income −0,2% YoY.

• ▍Revenue $179.50B, +5,8% YoY
• ▍Operating income −0,2% YoY
• ▍Net income +34,2% YoY
• ▍Free cash flow +413,7% YoY
• ▍Net margin 3.4%

Revenue $177.40B, +4,8% YoY; Operating income −8,2% YoY.

• ▍Revenue $177.40B, +4,8% YoY
• ▍Operating income −8,2% YoY
• ▍Net income +56,1% YoY
• ▍Free cash flow +449,3% YoY
• ▍Net margin 4.0%

Revenue $165.61B; Operating income $7.13B.

• ▍Revenue $165.61B
• ▍Operating income $7.13B
• ▍Net margin 2.7%

Revenue $180.55B; Operating income $7.86B.

• ▍Revenue $180.55B
• ▍Operating income $7.86B
• ▍Net margin 2.9%

Revenue $169.59B; Operating income $6.71B.

• ▍Revenue $169.59B
• ▍Operating income $6.71B
• ▍Net margin 2.7%

Revenue $169.34B; Operating income $7.94B.

• ▍Revenue $169.34B
• ▍Operating income $7.94B
• ▍Net margin 2.7%

Revenue $713.16B, +4,7% YoY; Operating income +1,6% YoY.

• ▍Revenue $713.16B, +4,7% YoY
• ▍Operating income +1,6% YoY
• ▍Net income +12,6% YoY
• ▍Free cash flow −12,6% YoY
• ▍Net margin 3.1%

Revenue $680.99B, +5,1% YoY; Operating income +8,7% YoY.

• ▍Revenue $680.99B, +5,1% YoY
• ▍Operating income +8,7% YoY
• ▍Net income +25,3% YoY
• ▍Free cash flow +93,1% YoY
• ▍Net margin 2.9%

Revenue $648.12B, +6,0% YoY; Operating income +32,2% YoY.

• ▍Revenue $648.12B, +6,0% YoY
• ▍Operating income +32,2% YoY
• ▍Net income +32,8% YoY
• ▍Free cash flow +287,6% YoY
• ▍Net margin 2.4%

Revenue $611.29B, +6,7% YoY; Operating income −10,1% YoY.

• ▍Revenue $611.29B, +6,7% YoY
• ▍Operating income −10,1% YoY
• ▍Net income −14,6% YoY
• ▍Free cash flow −113,6% YoY
• ▍Net margin 1.9%