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Wal-Mart de Mexico
(OTC:WMMVY)
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Rating:64Neutral
Price Target:
$29.00
â–²(2.95% Upside)
Action:Reiterated
Date:07/24/26
The score is driven by solid underlying financial quality (steady margins, moderate leverage, strong ROE) and supportive valuation, but is held back by clearly bearish technical signals and a more cautious earnings outlook after guidance was revised down and margins are expected slightly below last year.
Positive Factors
Scale and steady profitability
Walmex’s large retail footprint supports purchasing and operating scale, while stable gross and EBIT margins indicate a resilient model. The recent revenue rebound, combined with consistent profitability, provides a durable base for earnings over the next several quarters.
Negative Factors
Slower demand and reduced guidance
Management’s guidance reset indicates that consumer recovery is taking longer than expected, limiting near-term revenue acceleration. Higher SG&A and a lower expected EBITDA margin also suggest that investment and operating costs may constrain earnings growth over the coming quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Scale and steady profitability
Walmex’s large retail footprint supports purchasing and operating scale, while stable gross and EBIT margins indicate a resilient model. The recent revenue rebound, combined with consistent profitability, provides a durable base for earnings over the next several quarters.
Read all positive factors
Wal-Mart de Mexico (WMMVY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$48.54B
Dividend Yield2.87%
Average Volume (3M)40.91K
Price to Earnings (P/E)16.3
Beta (1Y)0.31
Revenue Growth13.03%
EPS Growth7.41%
CountryUS
Employees240,779
SectorConsumer Defensive
Sector Strength42
IndustryDiscount Stores
Share Statistics
EPS (TTM)28.60
Shares Outstanding1,744,632,200
10 Day Avg. Volume76,660
30 Day Avg. Volume40,912
Financial Highlights & Ratios
PEG Ratio-1.65
Price to Book (P/B)4.14
Price to Sales (P/S)1.03
P/FCF Ratio23.37
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)1.79
Revenue Forecast (FY)$61.01B
Wal-Mart de Mexico Business Overview & Revenue Model
Company Description
Wal-Mart de México, S.A.B. de C.V. owns and operates self-service stores in Mexico and Central America. The company operates discount stores under the Bodega Aurrerá, Despensa Familiar, and Palà names; hypermarkets under the Walmart name; supermar...
How the Company Makes Money
Wal-Mart de México makes money primarily by selling goods to consumers through its stores and digital channels. Its core revenue stream is retail merchandise sales across food and consumables (e.g., groceries and household essentials) and general ...
Wal-Mart de Mexico Earnings Call Summary
Earnings Call Date:Jul 22, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Oct 27, 2026
Earnings Call Sentiment Neutral
The call presents a balanced picture: Walmex is making meaningful operational progress—improvements in price perception (+310 bps), availability, strong growth in e-commerce net sales (+16.2%), and notable expansion in new businesses (Walmart Connect +31%, Bait +40%)—and it remains cash-generative. However, top-line demand remains softer than expected, Central America (especially Costa Rica) and marketplace seller issues are material headwinds, and management revised full-year guidance and expects EBITDA slightly below last year. Positive operational momentum is tempered by persistent macro and executional challenges.Positive Updates
Consolidated Revenue Growth
Total consolidated revenues grew 1.9% on a reported basis and 3.2% in constant currency for Q2; year-to-date (first half) revenues grew 1.8% reported and 3.6% constant currency.
Negative Updates
Soft Consumer Demand and Top-Line Below Expectations
Management stated consumer spending remains soft and top-line performance was below expectations; recovery in consumer demand is slower than anticipated, prompting a full-year sales growth revision.
Read all updates
Q2-2026 Updates
Positive
Negative
Consolidated Revenue Growth
Total consolidated revenues grew 1.9% on a reported basis and 3.2% in constant currency for Q2; year-to-date (first half) revenues grew 1.8% reported and 3.6% constant currency.
Read all positive updates
Company Guidance
Management revised full‑year guidance to constant‑currency sales growth of 3.5%–4.5% and an EBITDA margin slightly below last year, while expecting SG&A to grow high‑single‑digits in constant terms; they reiterated new‑store contribution of roughly 1.5%–1.7% (Walmex Day 2026 range) and noted the revision reflects a slower consumer recovery. For context, trailing 12‑month cash from operations was MXN 90.3 billion, working capital contributed ~MXN 4.9 billion, capital expenditures were MXN 39.3 billion, shareholder returns totaled MXN 38.6 billion, and quarter‑end cash was MXN 30.1 billion.Wal-Mart de Mexico Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
74
Positive
Cash Flow
66
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.01T | 948.82B | 958.51B | 886.52B | 819.17B | 736.04B |
| Gross Profit | 245.25B | 229.98B | 231.47B | 210.56B | 191.40B | 171.84B |
| EBITDA | 98.18B | 95.77B | 91.57B | 97.06B | 89.90B | 82.07B |
| Net Income | 49.62B | 46.79B | 53.83B | 51.59B | 48.97B | 44.14B |
Balance Sheet | ||||||
| Total Assets | 505.95B | 496.08B | 493.89B | 436.55B | 418.81B | 394.39B |
| Cash, Cash Equivalents and Short-Term Investments | 30.12B | 28.64B | 36.51B | 40.67B | 47.43B | 42.82B |
| Total Debt | 83.10B | 80.85B | 79.73B | 75.25B | 73.35B | 64.69B |
| Total Liabilities | 267.33B | 260.12B | 261.02B | 237.46B | 216.34B | 208.51B |
| Stockholders Equity | 238.61B | 235.96B | 232.88B | 199.09B | 202.47B | 185.88B |
Cash Flow | ||||||
| Free Cash Flow | 48.20B | 41.76B | 37.87B | 56.33B | 43.17B | 44.42B |
| Operating Cash Flow | 86.59B | 78.32B | 72.64B | 85.12B | 64.47B | 64.88B |
| Investing Cash Flow | -36.82B | -35.31B | -30.53B | -29.76B | -20.32B | -19.13B |
| Financing Cash Flow | -50.43B | -47.84B | -49.80B | -58.55B | -39.64B | -37.50B |
Wal-Mart de Mexico Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | $406.11B | 45.99 | 28.27% | 0.60% | 9.23% | 12.69% | |
68 Neutral | $29.39B | 17.23 | 19.56% | 1.77% | 4.77% | 42.79% | |
67 Neutral | $850.02B | 38.68 | 22.74% | 0.91% | 6.16% | 4.00% | |
64 Neutral | $48.54B | 16.33 | 21.05% | 2.87% | 13.03% | 7.41% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
55 Neutral | $24.15B | 19.93 | 13.60% | 6.42% | 18.16% | 89.79% | |
54 Neutral | $35.90B | 33.87 | 14.66% | 2.46% | 1.14% | -53.47% |
* Consumer Defensive Sector Average
WMMVY
Wal-Mart de Mexico
27.94
-1.77
-5.97%
COST
Costco
915.74
-50.47
-5.22%
DG
Dollar General
133.21
26.65
25.01%
FMX
Fomento Economico Mexicano
120.41
39.02
47.93%
KR
Kroger Company
58.59
-7.90
-11.88%
WMT
Walmart
107.14
5.71
5.63%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.