Wal-Mart de México, S.A.B. de C.V.

MX$54.14As of Sun 8 Nov 2026, 12:00 UTC

BMV:WALMEXConsumer Staples

Country Mexico

PE (Fwd) •••

TSR 10Y CAGR 6.45%

Div yield 2.14%

ROE 20.89%

Discount Stores

Beta (5Y) (0.05)

PE TTM 18.97

TSR TTM (9.33%)

Mkt cap MX$927.5B

ROIC 18.77%

SE Grade™

Value

Quality

Moat

Consensus

Reference

$68

25.16%

(91.59%)

Hold 1|3|4|9|5

TTM

FYE 31 Dec MXN

FY2016

FY2017

FY2018

FY2019

FY2020

FY2021

FY2022

FY2023

FY2024

FY2025

FY2026E

Trend

10Y

Peers

69.44

Revenue$B

100.0

108.3

114.5

123.8

130.8

141.3

150.2

163.1

175.7

184.5

73.37

7.12%

6.98%

5.83

Revenue growth%

12.53

15.25

16.77

16.15

15.64

15.89

15.14

15.92

15.95

13.46

12.41

15.89

15.77

25.59

Gross margin%

9.25

12.00

12.97

12.56

13.47

10.62

10.96

10.54

13.43

15.06

14.62

10.96

12.28

29.65

Operating margin%

29.68

31.69

32.92

31.20

29.09

29.76

27.40

28.30

25.49

24.44

9.14

27.40

29.38

11.60

Net margin%

10.53

8.83

6.91

5.74

8.47

11.14

10.09

9.90

11.69

8.94

18.21

10.09

9.42

36.26

P/E ratio (avg)x

44.39

43.76

44.37

43.26

42.52

48.86

50.97

56.31

60.12

65.83

8.120

56.31

46.63

23.57

EV/EBITx

12.56

12.60

13.17

14.52

17.53

20.41

24.65

25.46

29.42

30.61

32.20

25.46

18.97

20.26

FCF yield (avg)%

24.44

26.32

27.60

28.71

26.42

27.15

30.11

27.22

29.97

31.61

10.74

29.97

27.41

3.67

FCF margin%

24.98

25.35

26.03

24.11

22.34

20.10

19.52

17.03

14.30

11.31

3.95

17.03

21.22

1.145

FCF / Net incomex

2.338

2.530

2.877

2.733

2.955

2.912

2.696

2.737

2.738

3.108

1.321

2.738

2.737

29.11

ROIC%

11.98

14.70

12.30

9.56

11.43

13.76

12.05

9.62

9.63

9.12

5.57

9.63

11.71

19.98

Return on equity%

19.04

16.41

15.62

17.05

15.09

14.10

15.55

14.33

14.52

15.47

17.42

14.52

15.51

18.29

Return on assets%

6.43

7.34

5.11

3.14

1.07

0.97

0.40

0.45

0.40

7.47

0.40

1.02

4.79

EPS$

1.21

1.17

1.21

1.24

1.39

1.61

1.67

1.84

2.11

2.06

5.12

8.24%

5.34%

—

11.78

EPS growth%

27.76

27.84

27.48

27.25

27.94

27.17

30.06

29.79

31.88

32.76

2.24

30.06

27.89

3.38

Bookvalue per sh$

6.96

7.89

8.07

7.57

7.67

8.86

9.74

9.64

9.03

9.06

0.86

3.37%

2.52%

—

2.56

FCF per share$

4.81

4.48

5.08

4.74

4.80

4.84

5.13

5.21

5.48

5.49

4.89

2.74%

0.79%

—

3.25

Dividend per sh$

6.11

6.45

5.77

6.28

5.47

4.98

5.13

5.23

4.76

4.72

3.39

(2.89%)

(2.56%)

—

12.97

Div yield (avg)%

24.27

24.80

25.17

24.85

24.89

21.91

19.78

17.96

19.12

20.34

7.90

19.78

23.09

6.60

Payout ratio%

11.44

12.21

10.14

8.95

8.72

11.42

8.85

8.83

7.02

8.54

27.62

8.83

8.90

17.37

Shares (diluted)B

21.69

20.79

22.92

24.86

25.28

26.51

28.73

31.54

31.75

32.25

17.29

4.99%

4.96%

17.63

Buyback yield%

14.77

12.61

15.01

14.19

12.60

13.73

15.76

15.87

18.63

18.33

16.85

15.87

14.89

1.647

D/E ratiox

0.770

0.741

0.703

0.675

0.607

0.639

0.688

0.722

0.731

0.654

1.568

0.688

0.695

123.6

Enterprise value$B

96.41

97.30

110.5

120.6

121.2

142.7

162.2

157.4

164.7

185.4

135.0

8.87%

8.50%

58.09

LT debt$B

135.8

123.4

129.7

141.2

144.6

151.1

149.2

156.1

135.1

129.4

16.31

(2.20%)

0.50%

Peers (US$49.75B)

Cap (US$)

BBB Foods Inc.

8.300B

—

El Puerto de Liverpool…

7.820B

7.651x

Grupo Comercial…

5.595B

16.53x

Tesco PLC

46.49B

18.76x

Capital

TTM

10Y

Leveragex

5.310

0.013

0.011

EBIT/Intx

0.587

0.281

0.268

Own earn%

3.16

22.20

45.53

Sh yield%

30.60

35.64

37.62

Owners

Insiders/Inst%

6.52

22.01

Short interest%

2.97

SBC / revenue%

2.18

Record

10Y

Profitable years

10/10

Revenue growth years

10/10

EPS growth years

10/10

Dividend streakyrs

Op margin range%

24–33

$1 testx

—

Incr. ROIC%

Wal-Mart de México, S.A.B. de C.V. owns and operates self-service stores in Mexico and Central America, including Bodega Aurrerá, Despensa Familiar and Palí discount stores, Walmart hypermarkets, supermarkets, and Sam’s Club membership wholesale stores. It also offers mobile internet, advertising and digital wallet financial services, sells airtime recharges, imports goods for resale and develops and manages real estate.

Growth vs revenue

Latest

Trend

10Y CAGR

Rel growth

Revenue

$184.5B

6.98%

1.00×

Cost of revenue

$129.2B

6.98%

1.00×

Operating expenses

$25.86B

7.22%

1.02×