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Costco Wholesale Corporation (COST : NMS)
Sector: Consumer Defensive | Industry: Discount Stores
$947.74
+14.23 (+1.52%)
MARKET CAP
$420.30B
FCF YIELD
1.65%
CURRENT PRICE
$947.74
P/E RATIO
47.63x
MODEL INPUTS
Base Year FCF (in Millions)
Intrinsic Fair Value
$1,252.49
per share
5-YEAR FREE CASH FLOW PROJECTIONS
Year Projected FCF Discount Factor (WACC) Present Value (PV)
Base (0) $6.95B - -
Year 1 $10.12B at 45.5% growth $9.28B
Year 2 $14.72B at 45.5% growth $12.39B
Year 3 $21.42B at 45.5% growth $16.54B
Year 4 $31.17B at 45.5% growth $22.08B
Year 5 $45.35B at 45.5% growth $29.47B
VALUATION ARITHMETIC
Valuation Step Value
PV of Projected FCFs (Sum Y1-Y5) $89.77B
Terminal Value (Perpetuity at 2.5%) $715.13B
PV of Terminal Value $464.78B
Enterprise Value (EV) $554.55B
Less: Total Debt -$10.23B
Add: Total Cash & Equivalents +$11.13B
Equity Value $555.45B
Divided by: Shares Outstanding 443,478,804.00
Intrinsic Value (Fair Value per Share) $1,252.49
FINANCIAL RATIOS & STATS
Financial Metric Value
Trailing P/E 47.63x
Forward P/E 41.83x
Price-to-Book (P/B) 25.42x
Price-to-Sales (P/S) 1.43x
Net Profit Margin (Net Income / Revenue) 3.01%
Operating Profit Margin (EBIT / Revenue) 3.67%
Return on Equity (ROE) 29.15%
Return on Assets (ROA) 8.67%
Dividend Rate $5.88
Dividend Yield 0.62%
Ex-Dividend Date 2026-07-24
Next Earnings Date 2026-09-24