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By: Se Kim

By: Se Kim. By: Se Kim Final Valuation April 23 , 2014. Wal-Mart Stores, Inc. World’s largest retailer $469.2 bn in total revenue Everyday Low Prices – “EDLP” 3 business segments: Walmart U.S. Wamart International Sam’s Club. Six strategic merchandise units.

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By: Se Kim

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  1. By: Se Kim By: Se Kim Final Valuation April 23, 2014
  2. Wal-Mart Stores, Inc. World’s largest retailer $469.2 bn in total revenue Everyday Low Prices – “EDLP” 3 business segments: Walmart U.S. Wamart International Sam’s Club
  3. Six strategic merchandise units 1. Grocery – food, beverages, health & beauty aids, pet supplies (55%) 2. Entertainment – electronics, games, videos, service contracts (11%) 3. Health & Wellness – pharmacy, optical services (11%)
  4. 4. Hardlines – automotive accessories, hardware, sporting goods, seasonal merchandise (9%) 5. Apparel – clothes, shoes, jewelry (7%) 6. Home – furnishings, housewares, décor, appliances (7%)
  5. Wal-Mart SWOT Analysis
  6. Walmart’s Decomposition of ROE
  7. Parsimonious Assumptions
  8. DCF Model
  9. REI Model
  10. AEI Growth Model
  11. Value Estimate of Market Price Computed value of $184.45 Market price is $77.56
  12. Recommendation $184.45 vs. $77.56 DCF Model, REI Model, & AEI Growth Model do not align with the true market value. Hold -> cannot judge info based on the extreme differences However, WMT performs consistently, regularly meeting its expected earnings.
  13. Questions??
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