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

May 05, 2022

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

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

ValueSpectrum.com News Wire & Equity Research: +31 084-0032-842
news@valuespectrum.com

Copyright analist.nl B.V.
All rights reserved. Any redistribution, duplication or archiving prohibited. analist.nl doesn't warrant the accuracy of any News Content provided and shall not be liable for any errors, inaccuracies or for any actions taken in reliance thereon.

Other stock news

Analysts: this year best year ever for Walmart Stores

Walmart's Flipkart faces potential $1.35 billion fine

Analysts expect over 2021 decreasing revenue Walmart Stores

Analysts expect sales decline Walmart Stores

Analysts expect over 2020 rising revenue Walmart Stores

Analysts count on revenue increase Walmart Stores

Sector news

Analysts expect over 2023 revenue expansion Hellofresh

Sligro this year on track for record sales

Sysco's sales on record level according analysts' estimates

Analysts: Costco Wholesale on steam for record sales

Analysts: this year best year ever for Walmart Stores

Analysts foresee more revenue Pricesmart

Analysts expect over 2021 rising revenue Sligro, quite high dividend

National news

Intuitive Surgical's sales on record level according analysts' estimates

Analysts are counting on record year NetFlix

Analysts expect record sales CSX

Analysts expect sales decline Carmax

Analysts: more sales Fastenal

ConAgra Brands is one of the top American dividend stocks

Analysts anticipate for 2023 on revenue increase RF Industries

Press news

Global Explosives and Pyrotechnics Market Size To Worth USD 42.9 Billion By 2033 | CAGR of 3.07%

ROSEN, THE FIRST FILING FIRM, Encourages Sharecare, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action First Filed by the Firm – SHCR

Global Airport Retailing Market Size To Worth USD 115.2 Billion By 2033 | CAGR of 11.24%

Bragar Eagel & Squire, P.C. Reminds Investors That Class Action Lawsuits Have Been Filed Against Ocugen, and QuidelOrtho and Encourages Investors to Contact the Firm

Bragar Eagel & Squire, P.C. Reminds Investors That Class Action Lawsuits Have Been Filed Against Palo Alto, Snowflake, and Chemours and Encourages Investors to Contact the Firm

Bragar Eagel & Squire, P.C. Is Investigating CI&T, Harbor, AXTI, and Morgan Stanley and Encourages Investors to Contact the Firm

SHARECARE ALERT: Bragar Eagel & Squire, P.C. Announces that a Class Action Lawsuit Has Been Filed Against Sharecare, Inc. and Encourages Investors to Contact the Firm

About us	Network	Partners
Fpgroup.nlinfo@analist.nlRSS feedContactIntellectual Property Photos	Analist.nlLinksISIN Glossary	MorningstarPrudena.comAAII.comNASDAQvwd GroupEuronextBATS Chi-x