Consumer Defensive / Discount Stores

Walmart Inc. (WMT)

$113.06
-1.34%
$922.6B
Market Cap
40.8
P/E Ratio
0.65
Beta
0.86%
Dividend Yield
Piotroski 7/9Altman Z 6.7 SafeBeneish M -2.72 CleanROIC−WACC +5.6%

Quantitative Summary

Deterministic

WMT trades at 40.8x earnings, roughly in line with its sector average of 32.6x. Financial health metrics are strong: Piotroski 7/9, Altman Z 6.7 (above 3.0 safe zone threshold). DCF fair value of $40 implies 68% downside based on model assumptions.

Generated deterministically from quant metrics and financial statements. Not a recommendation.

Algorithmic Teardown

AI-Generated

The fundamental economics of this consumer defensive leader demonstrate a robust capital allocation profile, characterized by an ROIC-WACC spread of +5.6%, indicating that the firm generates returns significantly exceeding its cost of capital. This efficiency is underpinned by a DuPont-decomposed ROE of 20.6%, driven primarily by high asset turnover at 2.51x rather than aggressive leverage or margin expansion, which sits modestly at 3.1%. Financial integrity appears strong with a Piotroski F-Score of 7/9 and an Altman Z-Score of 6.6 suggesting low bankruptcy risk, while the Beneish M-Score of -2.72 points to minimal earnings manipulation concerns despite recent revenue growth of only 4.7% year-over-year.

Valuation metrics present a distinct divergence between market pricing and intrinsic value models. The current P/E multiple of 46.1x trades at a substantial premium relative to the sector average of 31.2x, reflecting high investor expectations for future performance. However, discounted cash flow analysis implies a fair value of $41, resulting in an estimated downside of -67.3% against current levels if implied free cash flow growth rates stabilize over the next decade. This steep valuation gap suggests the market is pricing in significantly higher certainty or growth than what traditional DCF parameters currently support, creating a scenario where future earnings surprises will be critical to sustaining multiples.

Risk and return factors reveal conflicting signals regarding forward momentum versus structural positioning. While Fama-French alpha data shows an annualized 32.08% outperformance driven by robust profitability (RMW factor of 0.330), the stock exhibits a negative growth tilt with a Value Factor (HML) of -0.105, indicating it is priced as a high-growth name rather than a value play. Compounding this valuation sensitivity, insider activity over the last ninety days reveals net selling totaling approximately $1.3 billion, which may signal management's view on current pricing or liquidity needs. The synthesis of strong operational fundamentals against elevated multiples and significant insider distribution warrants careful scrutiny regarding mean reversion risks versus continued premium persistence.

Generated by LLM from quantitative data inputs. May contain inaccuracies. Not investment advice.

DCF Sandbox

Interactive
Market Price
$113.06
Fair Value
$41
Implied Upside
-63.9%
$41IMPLIED FAIR VALUEOVERVALUEDOVERUNDER
Growth Rate (Y1–5)10%
-10%20%50%
Discount Rate (WACC)8.8%
5%12.5%20%

5-year two-stage DCF. Terminal growth 3%. Default sliders match the pre-computed base case. Drag to explore scenarios. Not investment advice.

Reverse DCFMarket-Implied
20.6%annual FCF growth priced in at $113.06

The growth rate the market implicitly expects over the next 10 years to justify today's price. Compare with historical growth of 5% YoY revenue.

Sensitivity Matrix

TG ↓ / WACC →6.8%8.8%10.8%
2%$52$35$26
3%$64$40$29
4%$85$48$33

Center = base case. Green = >10% upside, Red = >10% downside vs $113.06.

Pre-computed DCF: WACC=8.8%, terminal growth 3%. Fair value $40 (-67.5%). Not investment advice.

Valuation Context

40.8x
WMT P/E
32.6x
Sector Avg
38.9x
5Y Avg P/E
+25%
vs Sector

Currently trading 19% above its 5-year average P/E of 38.9x.

Price Chart with Moving Averages

Loading chart...
SMA 50 SMA 200

Technical Setup

AI Generated

Walmart's stock is currently trading slightly above its 50-day moving average, indicating a mild uptick in the short term, while it remains well above the longer-term 200-day moving average, suggesting an overall bullish trend over the past few months. The RSI at 45.5 points to a market that's neither overbought nor oversold, maintaining a balanced momentum with no significant divergence between its short- and long-term averages.

RSI (14)
SMA 50
SMA 200

Quant Health Deep Dive

7/9
Piotroski F-Score
Strong — high operational efficiency and profitability signals
6.7
Altman Z-Score
Safe Zone — above 3.0 threshold per academic model. Thresholds: >3 safe, 1.8–3 grey, <1.8 distress.
-2.72
Beneish M-Score
Below threshold — no statistical earnings quality concern per Beneish model. Threshold: <-2.22 = below threshold.

Profitability & Value Creation

24.9%
Gross Margin
3.1%
Net Margin
14.4%
ROIC
8.8%
WACC
ROIC − WACC Spread: +5.6%— Positive value creation spread.
+4.7%
Revenue Growth (YoY)
+12.6%
Earnings Growth (YoY)
14.9B
Free Cash Flow
50%
FCF Payout Ratio

✅ Conservative payout — room for dividend increases.

DuPont Analysis — ROE Decomposition

Breaking down Return on Equity to see how the company generates its ROE — efficiency, margins, or leverage.

3.1%
Net Profit Margin
NI ÷ Revenue
×
2.51x
Asset Turnover
Revenue ÷ Assets
×
2.68x
Equity Multiplier
Assets ÷ Equity
=
20.6%
Return on Equity
✅ ROE driven by high asset turnover — an efficient, capital-light business.

Balance Sheet Health

1.68x
Debt / Equity
0.79x
Current Ratio
11.5x
Interest Coverage
0.5x
Net Debt / EBITDA
1.44%
FCF Yield
46.5B
EBITDA

Insider Activity (Last 90 Days)

Net Insider Flow
-$1.3B
Net Selling
0
Buy Transactions
21
Sale Transactions
2026-03-26MCMILLON C DOUGLASSold 4/5 qtrsSale$2M
2026-03-25WALTON FAMILY HOLDINGS TRUSTSold 4/5 qtrsSale$403M
2026-03-19FURNER JOHN RSold 4/5 qtrsSale$2M
2026-03-17WALTON STEUART L.Other35,000 shares
2026-03-16BARTLETT DANIEL JSold 4/5 qtrsSale$167,328

Open-market buys vs sells by company insiders. Source: yfinance.

Earnings Surprise History

Q4
✓ Beat
Est: $0.58
Act: $0.61
+5.6%
Q3
✗ Miss
Est: $0.74
Act: $0.68
-8.0%
Q2
✓ Beat
Est: $0.60
Act: $0.62
+3.1%
Q1
✓ Beat
Est: $0.73
Act: $0.74
+1.8%

EPS estimates vs actuals for the most recent reported quarters. Source: yfinance.

Dividend History

$0.2480
Latest Dividend
$0.94
2025 Total
+13.0%
YoY Growth
9 yrs
Consecutive Increases
Annual Dividends per Share
$0.33
2016
$0.68
2017
$0.69
2018
$0.71
2019
$0.72
2020
$0.73
2021
$0.75
2022
$0.76
2023
$0.83
2024
$0.94
2025
$0.50
2026
DateAmountChange
2026-05-08$0.24800.0%
2026-03-20$0.2480+5.5%
2025-12-12$0.23500.0%
2025-08-15$0.23500.0%
2025-05-09$0.23500.0%
2025-03-21$0.2350+13.0%
2024-12-13$0.20800.0%
2024-08-16$0.20800.0%
2024-05-09$0.20800.0%
2024-03-14$0.2080+9.5%
2023-12-07$0.19000.0%
2023-08-10$0.19000.0%
Stock Splits
2024-02-26: 3:11999-04-20: 2:11993-02-26: 2:11990-07-09: 2:11987-07-13: 2:11985-10-07: 2:11983-07-11: 2:11982-07-12: 2:11980-12-17: 2:11975-08-25: 2:1

Dividend and split data from SEC filings and market data. Amounts are per share, not adjusted for splits. Source: yfinance.

Risk Profile

24.7%
Annual Volatility
1.40
Sharpe (1Y)
-11.1%
Max Drawdown (5Y)

Sharpe = risk-adjusted return (higher is better). Max drawdown = largest peak-to-trough decline. 1,200+ trading days.

Underwater (Drawdown from Peak)

How far below the all-time high the price has been over time. Deeper = more pain for holders.

Loading drawdown chart...

Rolling 60-Day Beta vs S&P 500 (VOO)

How the stock's sensitivity to market moves changes over time. β > 1 = more volatile than the market.

Loading beta chart...
Rolling Beta Market (β = 1.0)

Fama-French 5-Factor Exposure

Academic factor model decomposition — what's really driving this stock's returns.

0.57
Market β
Mkt-RF
-0.204
Size (SMB)
Large-cap tilt
-0.105
Value (HML)
Growth tilt
+0.330
Profit (RMW)
Robust
+0.583
Invest (CMA)
Conservative
Alpha (annual): +32.08%
R²: 20.0%of variance explained by 5 factors

Fama-French 5-Factor Model. Data: Kenneth French Data Library. Regression over 3 years of daily returns.

Fundamentals

35.2
Forward P/E
4.68
PEG Ratio
9.26
Price/Book
20M
Avg Volume
$135.16
52W High
$93.43
52W Low
47%
52W Range Position

10-K Risk Factor Expansion

Word count of Item 1A (Risk Factors) across annual filings. Rising counts often signal new regulatory, competitive, or operational risks.

-5.5%
YoY Change (20252026)
15,615
Latest Word Count
+15%
4-Year Total
2023
2024
2025
2026

Smart Money Flow

Institutional 13F filings from top hedge funds. Positions updated quarterly from SEC EDGAR.

FundQuarterShares Change% ChangeAction
Point72 Asset Mgmt2026-Q1+237,600+864.0%Increased
Tiger Global2026-Q1-1,000,000-100.0%Exited
Renaissance Technologies2026-Q1+581,900+100.0%New Position
Two Sigma Investments2026-Q1-8,353-67.6%Decreased
Millennium Management2026-Q1+259,032+736.6%Increased
Citadel Advisors2026-Q1+445,300+158.7%Increased
Bridgewater Associates2026-Q1-965,117-100.0%Exited
DE Shaw2026-Q1+108,800+233.5%Increased
Point72 Asset Mgmt2025-Q4-6,700-19.6%Decreased
DE Shaw2025-Q4+26,300+129.6%Increased
Renaissance Technologies2025-Q4-37,100-100.0%Exited
Bridgewater Associates2025-Q4-75,318-7.2%Decreased

Source: SEC 13F-HR filings. 13F data is delayed ~45 days after quarter end. Not investment advice.

Passive Flow Attribution

ETF Draft Effect
$62.9B
Tracked Passive Exposure
8
ETFs Holding WMT
0.99%
Avg Weight in ETFs
$6.3T
Total ETF AUM

When investors buy or sell ETFs like VDC or XLP, the fund manager is mechanically forced to buy or sell WMT shares regardless of Walmart Inc.'s individual fundamentals. We estimate $62.9B of passive capital is structurally linked to WMT through 8 tracked ETFs. This substantial passive exposure means that ETF inflows and outflows — not company fundamentals — can dominate daily volume on this stock.

Passive exposure = Σ (ETF AUM × stock weight in ETF) across 8 tracked ETFs. Actual passive ownership is larger (includes mutual funds). Not investment advice.

ETF Contagion Visualizer

Simulate a price drop in Walmart Inc. to visualize passive redemption contagion across ETFs and collateral stocks.

WMT Shock
-0%
Est. Passive Redemption
$0
Systemic Risk
STABLE
WMTEpicenterVTIETFVOOETFIVVETFCOSTLow RiskAMZNLow RiskPGLow RiskKOLow RiskCOSTLow Risk
WMT Price Drop (%)0

If Walmart Inc. (WMT) experiences a significant drawdown, ETF redemptions can create collateral selling pressure on co-held stocks. Our model identifies Costco Wholesale Corp. (COST) as the most exposed collateral stock, sharing 3 ETFs with WMT. This is the "Passive Contagion" effect described in the Inelastic Market Hypothesis.

Contagion model based on shared ETF exposure and constituent weights across 38 tracked ETFs. Estimated selling pressure is a simplified model — actual impact depends on market liquidity, ETF redemption mechanics, and market-maker activity.

WMT Ownership Dynamics

Passive funds hold 1 in every 15 WMT shares, reducing daily market volatility.

Ticker
WMT
Total Shares
8.0B
ETF Lock-Up
6.7%
Display Mode
Total Float Impact
6.7%Locked Float

Walmart Inc. (WMT) exerts measurable gravity on the passive index market, currently representing 16.2% of the VDC (VDC) and 11.2% of the State Street Consumer Staples Select Sector SPDR ETF (XLP). Across 36 tracked ETFs, approximately 532M shares (6.7% of float) are held by passive funds and rarely trade on the open market. As passive ownership grows, index inclusion changes may increasingly drive price discovery.

Float lock-up computed from 36 ETFs tracked by SecuritiesDB. Actual passive ownership is higher (includes mutual funds, pension funds, etc.).

WMT Institutional Volume Profile

252-day volume distribution by price level. The Point of Control (POC) marks the price where the most institutional volume transacted — an implicit support/resistance floor.

TICKER
WMT
PRICE
$113.06
FLOOR (POC)
$102.50
STRENGTH
Medium
$94$968%$986%$100$103POC 10%$105$107$109$111$113$113.06$115$1177%$11910%$121$124$126$1286%$130$132$134
Focus Zone
Point of Control (POC) Support (below price) Resistance (above price) Current Price

The highest-volume price zone for Walmart Inc. over the past year sits near $102.50 (10% of 252-day volume). The current price of $113.06 trades 10.3% above this institutional floor — a sign of upside momentum, though a pullback to the POC zone is a common reversion target.

Volume Profile computed from 252 trading days of OHLCV data. Volume allocated to price bins proportionally based on daily high-low range. Not investment advice.

WMT Capital Efficiency

How efficiently does Walmart Inc. convert operating profits into free cash? The FCF Conversion ratio measures the gap between accounting earnings and real cash generation.

Free Cash Flow
$14.9B
EBITDA
$46.5B
FCF Conversion
32%
Reinvestment Rate
68%
32% of EBITDA → Free Cash
0% (cash burn)25% (low)50% (efficient)100% (pure cash)
ROIC
14.4%
ROIC − WACC Spread
5.6%

Walmart Inc. converts 32% of its EBITDA into free cash flow, a moderate conversion rate — significant EBITDA is consumed by capital expenditures, working capital changes, or interest payments. The 68% reinvestment rate signals aggressive capacity expansion. The positive ROIC-WACC spread of 5.6% confirms that reinvested capital creates shareholder value.

Capital efficiency = Free Cash Flow ÷ EBITDA. Reinvestment = (EBITDA − FCF) ÷ EBITDA. Metrics from latest annual filings. Not investment advice.

Fails-to-Deliver (FTD) History

SEC-reported settlement failures. Elevated FTDs can indicate high short-selling pressure, operational settlement issues, or naked shorting activity.

DateFailed SharesClose PriceNotional Value
2026-05-138,382$130.35$1.1M
2026-05-112,252$130.43$293,728.36
2026-05-081,499$130.20$195,169.8
2026-05-074$130.08$520.32
2026-05-05150$130.33$19,549.5
2026-05-042,102$131.60$276,623.2
2026-05-0114,589$131.93$1.9M
2026-04-285,808$127.59$741,042.72
2026-04-272,399$129.92$311,678.08
2026-04-231$129.98$129.98
2026-04-204,089$127.50$521,347.5
2026-04-17245,340$124.82$30.6M
2026-04-162$124.76$249.52
2026-04-1536$125.05$4,501.8
2026-04-14247,152$124.57$30.8M
2026-04-131,450$126.77$183,816.5
2026-04-103,378$129.13$436,201.14
2026-04-06173$125.79$21,761.67
2026-04-0165$124.28$8,078.2
2026-03-261,227,154$123.06$151.0M
2026-03-25337$122.05$41,130.85
2026-03-24387,930$120.72$46.8M
2026-03-2362,345$119.02$7.4M
2026-03-2062,326$121.09$7.5M
2026-03-1948,158$121.98$5.9M
2026-03-169,700$126.52$1.2M
2026-03-1358,899$125.33$7.4M
2026-03-1141,263$125.12$5.2M
2026-03-10346$124.34$43,021.64
2026-03-0616,718$123.31$2.1M

Source: SEC Regulation SHO FTD data. Data is reported with a ~30 day delay. High FTD quantities relative to average daily volume may indicate settlement stress.

Institutional Holdings (13F Filings)

Raw SEC 13F-HR filings from institutional investment managers. Shows exact share counts and portfolio values as reported to the SEC.

FundQuarterSharesValue ($K)
Citadel Advisors2026-Q1725,900$94,308,928K
Renaissance Technologies2026-Q1581,900$75,600,448K
Millennium Management2026-Q1294,200$38,222,464K
Point72 Asset Mgmt2026-Q1265,100$34,441,792K
DE Shaw2026-Q1155,400$20,189,568K
Two Sigma Investments2026-Q14,000$519,680K
Tiger Global2025-Q41,000,000$214,780,000K
Bridgewater Associates2025-Q4965,117$207,287,829K
Citadel Advisors2025-Q4280,600$60,267,268K
DE Shaw2025-Q446,600$10,008,748K
Millennium Management2025-Q435,168$7,553,383K
Point72 Asset Mgmt2025-Q427,500$5,906,450K
Two Sigma Investments2025-Q412,353$2,653,177K
Bridgewater Associates2025-Q31,040,435$250,463,918K
Tiger Global2025-Q31,000,000$240,730,000K

Source: SEC 13F-HR filings. Values reported in thousands. 13F data is delayed ~45 days after quarter end.

Price Correlations

Statistical correlation of daily returns with other stocks. High correlations indicate stocks that move together; negative correlations can offer diversification.

Peer252-Day (1Y)126-Day (6M)Direction
WTGXXNaNNaN
COST0.5730.560Moderate
TJX0.4110.355Moderate
MCD0.4040.418Moderate
AEE0.3820.402Moderate
HD0.3710.418Moderate
PG0.3640.379Moderate
PNW0.3460.394Moderate
VRTPX0.3440.220Moderate
VMC0.3440.409Moderate

Pearson correlation of daily log returns. 252d ≈ 1 trading year. Computed from price history. Not investment advice.

Compare WMT to Peers

Quant metrics computed deterministically from financial statements and price data. Updated: 2026-06-02.

SecuritiesDB provides programmatic data aggregation for informational purposes only. None of the metrics, summaries, or algorithmic flags constitute a recommendation to buy or sell any security.