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Walmart (BUE:WMT) Cyclically Adjusted FCF per Share : ARS150.32 (As of Apr. 2025)


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What is Walmart Cyclically Adjusted FCF per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

Walmart's adjusted free cash flow per share for the three months ended in Apr. 2025 was ARS184.496. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is ARS150.32 for the trailing ten years ended in Apr. 2025.

During the past 12 months, Walmart's average Cyclically Adjusted FCF Growth Rate was 0.90% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 3.60% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 6.20% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 8.70% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of Walmart was 58.70% per year. The lowest was 3.60% per year. And the median was 13.20% per year.

As of today (2025-07-02), Walmart's current stock price is ARS6750.00. Walmart's Cyclically Adjusted FCF per Share for the quarter that ended in Apr. 2025 was ARS150.32. Walmart's Cyclically Adjusted Price-to-FCF of today is 44.90.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Walmart was 45.83. The lowest was 16.54. And the median was 22.69.


Walmart Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Walmart's Cyclically Adjusted FCF per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Walmart Cyclically Adjusted FCF per Share Chart

Walmart Annual Data
Trend Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 48.75 75.72 131.36 156.87 148.93

Walmart Quarterly Data
Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25
Cyclically Adjusted FCF per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 136.14 163.85 147.91 148.93 150.32

Competitive Comparison of Walmart's Cyclically Adjusted FCF per Share

For the Discount Stores subindustry, Walmart's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Walmart's Cyclically Adjusted Price-to-FCF Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Walmart's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Walmart's Cyclically Adjusted Price-to-FCF falls into.


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Walmart Cyclically Adjusted FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Walmart's adjusted Free Cash Flow per Share data for the three months ended in Apr. 2025 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Apr. 2025 (Change)*Current CPI (Apr. 2025)
=184.496/135.3468*135.3468
=184.496

Current CPI (Apr. 2025) = 135.3468.

Walmart Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201507 8.004 100.691 10.759
201510 5.116 100.346 6.900
201601 40.450 99.957 54.771
201604 18.542 100.947 24.861
201607 30.489 101.524 40.647
201610 9.950 101.988 13.205
201701 45.248 102.456 59.773
201704 17.159 103.167 22.511
201707 20.873 103.278 27.354
201710 18.983 104.070 24.688
201801 53.625 104.578 69.403
201804 22.657 105.708 29.010
201807 34.017 106.324 43.302
201810 48.858 106.695 61.978
201901 91.913 106.200 117.139
201904 20.365 107.818 25.565
201907 73.362 108.250 91.726
201910 9.259 108.577 11.542
202001 162.980 108.841 202.671
202004 119.123 108.173 149.047
202007 250.598 109.318 310.267
202010 28.232 109.861 34.781
202101 277.248 110.364 340.007
202104 20.897 112.673 25.102
202107 230.205 115.183 270.505
202110 10.559 116.696 12.247
202201 124.501 118.619 142.058
202204 -293.252 121.978 -325.392
202207 413.203 125.002 447.398
202210 102.644 125.734 110.491
202301 545.311 126.223 584.728
202304 13.342 127.992 14.109
202307 834.022 128.974 875.230
202310 -601.387 129.810 -627.039
202401 3,227.014 130.124 3,356.527
202404 -135.879 132.289 -139.020
202407 2,127.546 132.708 2,169.854
202410 133.942 133.182 136.119
202501 2,513.450 134.029 2,538.167
202504 184.496 135.347 184.496

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.


Walmart  (BUE:WMT) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Walmart's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=6750.00/150.32
=44.90

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Walmart was 45.83. The lowest was 16.54. And the median was 22.69.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


Walmart Cyclically Adjusted FCF per Share Related Terms

Thank you for viewing the detailed overview of Walmart's Cyclically Adjusted FCF per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Walmart Business Description

Industry
Address
702 S.W. 8th Street, Bentonville, AR, USA, 72716
Walmart is a leading retailer in the United States, with its strategy predicated on superior operating efficiency and offering the lowest priced goods to consumers to drive robust store traffic and product turnover. Walmart augmented its low-price business strategy by offering a convenient one-stop shopping destination with the opening of its first supercenter in 1988.Today, Walmart operates over 4,600 stores in the United States (5,200 including Sam's Club) and over 10,000 locations globally. Walmart generated over $460 billion in domestic namesake sales in fiscal 2025, with Sam's Club contributing another $90 billion to the company's top line. Internationally, Walmart generated $120 billion in sales. The retailer serves around 270 million customers globally each week.