WAL-MART

Industry: Retail
Group: Discount, Variety Stores
Dominant Players: Wal-Mart (WMT), Target, Costco, Family Dollar Stores

Wal-Mart Stores, Inc. operates retail stores in various formats worldwide. It operates through three segments: Wal-Mart Stores, Sam's Club, and International. The Wal-Mart Stores segment includes supercenters, discount stores, and neighborhood markets in the United States, as well as walmart.com.

Wal-Mart International:

• Growth through new stores and acquisitions
• 500,000 associates in 13 markets outside U.S.: Big in Mexico, U.K., Japan, Canada
• International sales: $77.1 billion in 01/31/07 - 30% increase over 2006 qtr.
• Operating profit: $4.2 billion – 21.5% increase over 2006 qtr.

Wal-Mart China:

• Started operations in 1996
• In July 2007: Wal-Mart Super centers 78
• SAM'S CLUB 3
• Neighborhood Markets 2
• Trust-Marts Hypermarkets 101
• Associates38,000
• India: An agreement between Wal-Mart and Bharti Enterprises to establish a joint venture called Bharti Wal-Mart Private Limited.

Bond Ratings:
Moodys: A2 Stable         Effective: 04/01/07
S&P 500: A Stable          Effective: 03/15/07
Fitch: AA
Financial Ratios:
Current P/E: 14.62 
Estimated 1Yr P/E. 15
EV/EBITDA: 12.73
Sales Growth: 8.9%
D/E: 0.51
Profit Margin: 3.17

Liquidity Ratios:
Cash Ratio: 0.025
Quick Ratio: 0.82
Current Ratio: 1.2
Total Debt/Total Cap: 80.00
Cash & Equity/Current: 2.4