Company Valuation: Costco Wholesale Corporation

Data adjusted to current consolidation scope
Fiscal Period: August 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 201,358 231,271 243,413 395,623 418,341 447,552 - -
Change - 14.86% 5.25% 62.53% 5.74% 6.98% - -
Enterprise Value (EV) 1 197,591 227,625 236,171 391,614 409,893 435,796 432,679 430,084
Change - 15.2% 3.75% 65.82% 4.67% 6.32% -0.72% -0.6%
P/E ratio 40.4x 39.7x 38.8x 53.9x 51.8x 49.2x 44.7x 40.6x
PBR 11.5x 11.2x 9.7x 16.7x 14.3x 12.6x 10.6x 9.08x
PEG - 2.4x 5x 3.2x 5.2x 3.9x 4.47x 4x
Capitalization / Revenue 1.03x 1.02x 1x 1.55x 1.52x 1.49x 1.39x 1.29x
EV / Revenue 1.01x 1x 0.97x 1.54x 1.49x 1.46x 1.34x 1.24x
EV / EBITDA 23.3x 23.5x 23.2x 34x 32x 30.5x 27.2x 25.1x
EV / EBIT 29.5x 29.2x 29.1x 42.2x 39.5x 37.4x 33.5x 30.3x
EV / FCF 36.8x 65x 35x 59.1x 52.3x 52.8x 50.7x 41.1x
FCF Yield 2.72% 1.54% 2.86% 1.69% 1.91% 1.89% 1.97% 2.43%
Dividend per Share 2 2.98 3.38 3.84 19.36 4.92 5.443 5.955 6.318
Rate of return 0.65% 0.65% 0.7% 2.17% 0.52% 0.54% 0.59% 0.63%
EPS 2 11.27 13.14 14.16 16.56 18.21 20.52 22.57 24.84
Distribution rate 26.4% 25.7% 27.1% 117% 27% 26.5% 26.4% 25.4%
Net sales 1 195,929 226,954 242,290 254,453 275,235 299,381 322,691 348,069
EBITDA 1 8,489 9,693 10,191 11,522 12,809 14,297 15,905 17,160
EBIT 1 6,708 7,793 8,114 9,285 10,383 11,639 12,921 14,193
Net income 1 5,007 5,844 6,292 7,367 8,099 9,123 10,013 11,022
Net Debt 1 -3,767 -3,646 -7,242 -4,009 -8,448 -11,756 -14,873 -17,468
Reference price 2 455.49 522.10 549.28 892.38 943.32 1,008.79 1,008.79 1,008.79
Nbr of stocks (in thousands) 442,069 442,963 443,148 443,335 443,477 443,653 - -
Announcement Date 23/09/21 22/09/22 26/09/23 26/09/24 25/09/25 - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
49.17x1.46x30.48x0.54% 448B
17.99x0.99x9.6x2.65% 57.23B
15.78x0.65x8.38x3.72% 56.89B
33.95x6.45x20.17x0.29% 34.38B
15.55x0.62x7.95x2.12% 24.95B
23.31x1.17x12.61x0.96% 16.86B
14.51x1.15x5.77x1.49% 5.02B
18.38x1.53x11.01x-.--% 5.01B
15.19x0.56x8.22x4.71% 4.76B
131.61x0.58x12.17x0.39% 3.24B
Average 33.54x 1.51x 12.64x 1.69% 65.59B
Weighted average by Cap. 40.47x 1.55x 24.30x 1.09%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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  4. Valuation Costco Wholesale Corporation