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The company is Walmart Use Capital IQ to obtain the complete financial statements. Do NOT use any other financial information providers (such as Yahoo! Finance

The company is Walmart

Use Capital IQ to obtain the complete financial statements. Do NOT use any other financial information providers (such as Yahoo! Finance or Google-Finance). Copy data from Capital IQ the Balance Sheet and Statements of Income tabs on the given spreadsheet template from year t (the most recent fiscal year) to year t-3. In total, you will need to have the data for four (4) consecutive years. Note: use the download financials function in Capital IQ.

Estimate the free cash flow of the company at the end of the most recent fiscal year end (year t) using the financial statements as the data source to be used in the Valuation tab of the spreadsheet. Repeat the estimation for year t-1 and year t-2. Do NOT use the FCF estimation provided by the Statement of Cash Flows filing or any other financial information providers. You may only use the Balance Sheet and Income Statements.

  1. In doing this, use the Valuation tab in your spreadsheet template and pull raw data into the spreadsheet using excel formulas. When calculations are required in the Valuation template, again use excel formulas. ** No cell in this spreadsheet should have hard coded numbers, only excel formulas.
  2. For estimating tax, please use a 25% tax rate and apply this to EBIT rather than using the firms tax number or tax rate. This will reduce volatility as firms are afforded an array of tax benefits which vary from year to year.

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