Walmart's Flipkart is said to increase IPO valuation to $60B to $70B

  • Walmart's (NYSE:WMT) Indian e-commerce company Flipkart (FPKT) is said to have raised its initial public offering valuation to $60 billion to $70 billion internally.
  • Flipkart is targeting an IPO in the U.S. for next year after earlier considering an IPO this year, according to a Reuters report. Flipkart had earlier set an IPO valuation of about $50 billion.
  • The delay in the IPO comes as Flipkart plans to focus on its newer online healthcare services and travel bookings businesses, to boost their values, before an IPO, Reuters reported, citing sources familiar. General turmoil in markets caused by the Russian-Ukraine conflict likely also played a part in the potential delay.
  • In December, the Economic Times reported that (FPKT) is said to be planning an IPO around November or December of 2022.

    For this year Walmart Stores 's revenue will be around 591.17 billion USD. This is according to the average of the analysts' estimates. The expected revenue would be the highest in her history. This is slightly more than 2021's revenue of 572.75 billion USD.

    Historical revenues and results Walmart Stores plus estimates 2022

    fundamantele data

    The analysts expect for 2022 a net profit of 18.55 billion USD. According to most of the analysts the company will have a profit per share for this book year of 6.77 USD. Based on this the price/earnings-ratio is 22.84.

    For this year the analysts expect a dividend of 2.25 USD per share. Thus the dividend yield equals 1.46 percent. The average dividend yield of the food & drug retailers equals an attractive 2.04 percent.

    Most recent target prices around 143 USD

    KBC Securities, ABN AMRO and Raymond James recently provided recommendations for the stock.

    Based on the current number of shares Walmart Stores 's market capitalization equals 436.18 billion USD. 12

    On Wednesday, the stock closed at 154.62 USD.

    Historical stock prices Walmart Stores

    stock walmartstores

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