Walmart Inc.（WMT）本質的価値とDCFバリュエーション

Discount Stores · NASDAQ

Walmart Inc. の本質的価値はいくらですか？

ベースケースDCFモデルが Walmart Inc.（WMT）について算出した本質的価値は、その信頼できる範囲を外れているため、いかなる単一の数値も特に慎重に扱ってください。これは通常、キャッシュフローのパターンが異常な場合や、事業に最近急激な変化があった場合に起こります。

DCFの仕組み · ご自身の前提で再計算 · 本質的価値とは？

Walmart Inc.（WMT）は割安ですか？

WMT のモデル結果は信頼レンジを外れているため、ここでは割安・割高の判断は示しません。下記の計算機でご自身の前提を試してください。

評価：Charlie Wang（元監査人）

会社概要

Walmart Inc., established in 1945 and based in Bentonville, Arkansas, operates as a global retail powerhouse, having officially adopted its current name in February 2018, formerly Wal-Mart Stores, Inc. The company's diverse operations, encompassing retail, wholesale, and e-commerce, are managed across three primary divisions: Walmart U.S., Walmart International, and Sam's Club. Its extensive physical presence includes a variety of store formats such as supercenters, supermarkets, hypermarkets, membership-only warehouse clubs (like Sam's Club), cash-and-carry outlets, and discount stores, primarily operating under the Walmart and Walmart Neighborhood Market banners. Digitally, the company engages customers through numerous e-commerce platforms, including walmart.com.mx, walmart.ca, flipkart.com, and PhonePe, as well as via dedicated mobile applications. Walmart offers an exceptionally broad range of products and services. Its inventory covers groceries and daily consumables, such as dairy, meats, baked goods, deli items, fresh produce, various packaged foods (dry, chilled, or frozen), alcoholic and non-alcoholic beverages, floral items, snacks, candies, health and beauty aids, paper products, laundry and home care essentials, baby care, and pet supplies, alongside fuel and tobacco. Furthermore, it features a comprehensive health and wellness segment, providing pharmacy, optical, and hearing services, over-the-counter medications, and other medical products. For home and personal needs, shoppers can find items ranging from home improvement goods, outdoor living products, gardening supplies, furniture, apparel, and jewelry, to tools, power equipment, housewares, toys, seasonal items, mattresses, and automotive services like tire and battery centers. The electronics department includes consumer electronics, accessories, software, video games, office supplies, appliances, and third-party gift cards. Beyond merchandise, Walmart provides a suite of financial services. These include digital payment platforms, money transfer options, bill payment services, money orders, check cashing, prepaid access solutions, co-branded credit cards, installment lending, and earned wage access programs. The company also markets several proprietary brands, notably Allswell, Athletic Works, Equate, and Free Assembly.

財務指標 — WMT バリュエーションデータ

直近12ヶ月のデータでは、WMT の1株当たりFCFは $1.70、投下資本利益率（ROIC）は 12.7% で、これらはDCF法による株式評価の重要な入力値です。P/FCFは 61.1x、FCF利回りは 1.64% で、WMT の相対的なバリュエーションを評価する際の参考指標となります。

よくある質問

関連リンク

• WMT のPERバリュエーションを見る → — 利益ベースのPERバリュエーション分析
• DCF法の解説 — 割引キャッシュフロー分析のステップ別ガイド
• PER法の解説 — PERバリュエーションのガイド
• WACC — DCFで用いる割引率の理解
• 安全マージン — 下方リスクの評価方法
• 本質的価値 — 株式の適正株価を評価する方法
• 本質的価値の計算方法 — 投資家向けの完全ガイド