Walmart Inc. WMT

Name: WMT Crucible Score
Creator: Kaladin Capital Intelligence

UnknownUnknownN/A📅 Scored March 14, 2026

Price at analysis: $123.11

Crucible Score

52.9

Quality × Value Composite

KQI — Quality

67.4

B-

Fundamental Quality Index

KVI — Value

35.2

D-

Valuation Attractiveness Index

Crucible Verdict — WMT

Walmart Inc. trades at a 14% premium to fair value despite delivering solid operational metrics across growth, competitive positioning, and earnings consistency. WMT's stark quality-value disconnect—with a 67.4 quality score versus just 35.2 on value—reflects investor willingness to pay up for the retail giant's defensive characteristics. The premium pricing leaves limited upside until valuation normalizes or fundamentals accelerate further.

— Kal, Kaladin Capital Intelligence

◆ KQI Quality Dimensions

Financial Quality

59.2

Growth Profile

73.4

Moat Durability⚠

70.7

Management Effectiveness

68.2

Diversification & Resilience

53.5

Market Position

72.0

Weakest dimension: Diversification & Resilience (53.5)

◆ KVI Value Dimensions

DCF Margin of Safety

34.7

FCF Yield & Cash Returns

15.0

Relative Valuation

52.8

Growth-Adjusted Value

35.0

Historical Valuation

50.0

Macro Context

33.6

◆ DCF Valuation Scenarios

Bear Case

$72.45

Base Case

$108.30

Bull Case

$155.80

Price at Analysis

$123.11

Scenario	Fair Value	Rev CAGR (5yr)	Terminal Margin	WACC
🔴 Bear	$72.45	3.5%	3.5%	8.2%
🟢 Base	$108.30	4.5%	4.2%	7.7%
🟢 Bull	$155.80	5.5%	4.8%	7.4%

Key Assumptions: WACC derived using CAPM with 4.39% risk-free rate, 0.66 beta, and 5.5% ERP yielding ~7.7% base WACC, with bear/bull adjusted +/-40bps. Revenue growth anchored to 5-year historical CAGR of ~5.6%, with bear assuming deceleration to 3.5% and bull sustaining 5.5%. Operating margins reflect historical range of 3.3%-4.5%, with capex normalized at 3.3% of revenue after excluding the anomalous Year 1 zero-capex figure.

◆ Financial Snapshot

Profitability

Gross Margin24.9%

Operating Margin4.2%

Net Margin3.1%

ROIC12.1%

ROE16.9%

Balance Sheet

Balance SheetCR: 0.79

Cash ConversionFCF/EPS: 0.68x

Capital IntensityCapex/Rev: 0.0%

Altman Z-Score6.69 (Safe)

Piotroski F-Score6/9 (Good)

Growth

Revenue CAGR5.4% CAGR

Earnings CAGR12.5% CAGR

Growth ConsistencyCV: 0.40

Segment Breadth3/3 growing (100%)

Quarterly TrendWC↓

Earnings CredibilityConsistent Beater

◆ Analyst Consensus & Leadership

Leadership & Governance

CEODoug McMillon · 12 years

CEO Ownership< 1%

Compensation92% performance-based

Insider ActivitySelling

Capital AllocationROIC 12.1% vs WACC 3.3%

Earnings Beat Rate85% (19/22)

◆ Related Companies in Our Universe

Other Unknown companies scored by the Crucible:

ADBE81.8A-NICE80.7A-DECK79.9A-INTU79.9A-EXEL78.3A-MTCH78.2A-TTD78.0B+

Methodology All Scores Crucible Briefs Performance @KaladinCI

Analysis conducted March 14, 2026 based on most recent SEC filings. Updated quarterly, after new SEC filings.

Point-in-time fundamental analysis. Not investment advice. Scores reflect company quality and valuation at time of analysis and may not reflect current market conditions.