Walgreens Boots Alliance Inc Stock Research

Market Summary

USD33.41-0.13

Market Closed

-0.39%

WBA Stock Price

WBA RSI Chart

WBA Valuation

Market Cap

28.9B

Price/Earnings (Trailing)

-9.73

Price/Sales (Trailing)

0.22

EV/EBITDA

-9.85

Price/Free Cashflow

20.57

WBA Price/Sales (Trailing)

WBA Profitability

EBT Margin

-3.86%

Return on Equity

-14.41%

Return on Assets

-3.19%

Free Cashflow Yield

4.86%

WBA Fundamentals

WBA Revenue

Revenue (TTM)

132.2B

Revenue Y/Y

-1.53%

Revenue Q/Q

2.88%

WBA Earnings

Earnings (TTM)

-3.0B

Earnings Y/Y

-203.94%

Earnings Q/Q

-796.63%

Price Action

52 Week Range

30.0446.94

(Low)(High)

Last 7 days

-2.7%

Last 30 days

-8.4%

Last 90 days

-15.1%

Trailing 12 Months

-27.9%

WBA Financial Health

Current Ratio

0.7

Debt/Equity

0.34

Debt/Cashflow

0.56

WBA Investor Care

Dividend Yield

5.22%

Dividend/Share (TTM)

1.91

Buy Backs (1Y)

99.90%

Diluted EPS (TTM)

-3.44

Peers (Alternatives to Walgreens Boots Alliance)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
WMT	374.9B	600.1B	-4.30%	-2.71%	41.59	0.62	4.92%	10.07%
COST	216.1B	234.4B	-4.11%	-9.98%	35.72	0.92	13.76%	13.92%
SYY	37.8B	73.6B	-4.15%	-1.87%	26.63	0.51	21.14%	80.80%
KR	33.7B	146.5B	8.20%	-12.77%	14.27	0.23	8.04%	132.09%
WBA	28.9B	132.2B	-8.42%	-27.88%	-9.73	0.22	-2.07%	-146.10%
BJ	10.2B	18.7B	1.09%	19.41%	20.77	0.54	15.30%	18.31%
MID-CAP
USFD	7.8B	34.1B	-3.51%	0.68%	29.36	0.23	15.50%	61.59%
CASY	7.8B	15.2B	-6.90%	12.62%	17.23	0.51	28.24%	39.99%
SFM	3.5B	6.4B	1.67%	6.45%	13.39	0.55	4.99%	6.97%
GO	2.6B	3.6B	-8.20%	-8.94%	40.69	0.74	16.19%	4.40%
WMK	2.2B	4.7B	-3.05%	10.53%	17.82	0.48	11.16%	15.02%
SMALL-CAP
ANDE	1.3B	17.3B	3.29%	-6.09%	10.24	0.08	37.37%	26.06%
CHEF	1.2B	2.6B	-15.59%	11.83%	44.52	0.47	49.70%	663.68%
RAD	159.4M	24.1B	-31.83%	-70.43%	-0.18	0.01	-1.46%	-434.62%

Financials for Walgreens Boots Alliance

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Revenue	-0.4%	132,184	132,703	134,516	135,949	134,972
Gross Profit	-2.2%	27,643	28,264	29,357	29,938	29,011
S&GA Expenses	24.8%	34,062	27,295	26,625	25,722	25,186
EBITDA	-142.2%	-2,691	6,375	7,729	8,954	-
EBITDA Margin	-142.4%	-0.02*	0.05*	0.06*	0.07*	-
Earnings Before Taxes	-228.0%	-5,099	3,985	5,650	6,417	6,416
EBT Margin	-228.5%	-0.04*	0.03*	0.04*	0.05*	-
Interest Expenses	5.8%	423	400	382	819	856
Net Income	-168.3%	-2,964	4,337	5,379	6,287	6,430
Net Income Margin	-168.6%	-0.02*	0.03*	0.04*	0.05*	-
Free Cahsflow	-35.2%	1,403	2,165	3,439	3,626	-

* denotes actual numbers (not divided by Millions)
Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Assets	3.1%	92,875	90,124	92,759	92,683	96,507
Current Assets	15.5%	19,523	16,902	18,872	16,824	20,314
Cash Equivalents	73.0%	2,349	1,358	2,285	1,887	4,268
Inventory	11.6%	9,322	8,353	8,520	8,947	9,475
Goodwill	1.4%	22,582	22,280	21,901	21,958	8,166
Liabilities	14.1%	68,137	59,717	61,602	61,004	63,141
Current Liabilities	24.1%	28,036	22,583	24,067	22,699	24,447
. Short Term Borrowings	271.9%	3,938	1,059	2,787	2,105	2,647
LT Debt, Non Current	-26.6%	7,789	10,615	10,670	11,203	11,199
Shareholder's Equity	-18.6%	20,576	25,275	26,253	30,867	30,579
Retained Earnings	-10.9%	33,664	37,801	38,632	38,757	38,286
Additional Paid-In Capital	-4.3%	10,477	10,950	11,029	10,973	10,966
Accumulated Depreciation	-3.7%	13,000	13,500	13,300	-	-
Shares Outstanding	0.0%	864	864	-	-	-
Minority Interest	-2.1%	4,006	4,091	4,316	-	-

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Cashflow From Operations	-15.5%	3,293	3,899	5,058	5,183	5,459
Share Based Compensation	47.8%	578	391	301	255	154
Cashflow From Investing	358.6%	2,752	-1,064	4,151	3,247	2,373
Cashflow From Financing	-298.6%	-5,975	-1,499	-6,427	-7,620	-4,807
Dividend Payments	0.1%	1,661	1,659	1,656	1,642	1,625
Buy Backs	-2.1%	183	187	187	187	154

Risks for WBA

What is the probability of a big loss on WBA?

82.7%

Probability that Walgreens Boots Alliance stock will be more than 20% underwater in next one year

47.3%

Probability that Walgreens Boots Alliance stock will be more than 30% underwater in next one year.

21.5%

Probability that Walgreens Boots Alliance stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does WBA drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Walgreens Boots Alliance was unfortunately bought at previous high price.

Drawdowns

Returns for WBA

Cumulative Returns on WBA

0.1%

10-Year Cumulative Returns

-9.3%

7-Year Cumulative Returns

-10.0%

5-Year Cumulative Returns

-6.5%

3-Year Cumulative Returns

What are the long-term rolling returns for WBA?

FIve years rolling returns for Walgreens Boots Alliance.

Annualized Returns

Which funds bought or sold WBA recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-03-15	B. Riley Wealth Advisors, Inc.	reduced	-9.22	188,402	2,548,400	0.07%
2023-03-10	VICTORY CAPITAL MANAGEMENT INC	reduced	-20.01	-3,369,670	66,373,300	0.07%
2023-03-08	SHEETS SMITH WEALTH MANAGEMENT	new	-	4,341,980	4,341,980	0.68%
2023-03-06	Rockefeller Capital Management L.P.	added	20.68	1,369,000	4,508,000	0.02%
2023-03-06	NORTH STAR ASSET MANAGEMENT INC	reduced	-4.68	49,694	418,694	0.03%
2023-03-03	TIAA, FSB	added	37.7	619,453	1,590,450	0.01%
2023-03-02	LORING WOLCOTT & COOLIDGE FIDUCIARY ADVISORS LLP/MA	new	-	857,300	857,300	0.01%
2023-03-01	Regal Investment Advisors LLC	added	64.00	212,193	436,193	0.04%
2023-03-01	Lakewood Asset Management LLC	new	-	36,000	36,000	0.03%
2023-02-28	Voya Investment Management LLC	reduced	-3.58	2,416,690	18,828,700	0.03%

Latest Funds Activity

Are funds buying WBA calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own WBA

No. of Funds

Walgreens Boots Alliance News

Schedule 13G FIlings of Walgreens Boots Alliance

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 09, 2023	vanguard group inc	7.13%	61,519,967	SC 13G/A
Feb 07, 2023	state street corp	6.68%	57,573,619	SC 13G/A
Jan 31, 2023	blackrock inc.	7.0%	60,606,871	SC 13G/A
Feb 14, 2022	state street corp	5.45%	47,095,044	SC 13G/A
Feb 07, 2022	blackrock inc.	6.4%	55,032,519	SC 13G/A
Feb 11, 2021	state street corp	5.43%	46,922,371	SC 13G
Feb 10, 2021	vanguard group inc	6.72%	58,059,957	SC 13G/A
Feb 01, 2021	blackrock inc.	5.8%	49,962,675	SC 13G/A
Jul 27, 2020	alliance sante participations s.a.	16.7%	144,788,821	SC 13D/A
Feb 14, 2020	state street corp	5.26%	46,702,228	SC 13G

WBA Fair Value

Walgreens Boots Alliance fair value in different scenarios

The table shows the Fair Value estimates for Walgreens Boots Alliance for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.

Fair Value	Very Pessimistic	Pessimistic	Base Case	Optimistic	Very Optimistic
Very Low Inflation	46.11 38.01%	54.62 63.48%	68.26 104.31%	97.80 192.73%	139.48 317.48%
Current Inflation	43.06 28.88%	50.40 50.85%	61.92 85.33%	86.76 159.68%	121.57 263.87%
Very High Inflation	39.24 17.45%	45.22 35.35%	54.31 62.56%	73.87 121.10%	101.03 202.39%

Historical Walgreens Boots Alliance Fair Value Estimates

Very Pessimistic Case

Pessimistic Case

Fair Value

Optimistic Case

Very Optimistic Case

Closing Stock Price

Recent SEC filings of Walgreens Boots Alliance

View All Filings

Date Filed	Form Type	Document
Mar 03, 2023	4	Insider Trading
Mar 03, 2023	SC 13D/A	13D - Major Acquisition
Feb 09, 2023	SC 13G/A	Major Ownership Report
Feb 07, 2023	SC 13G/A	Major Ownership Report
Jan 31, 2023	8-K	Current Report
Jan 31, 2023	SC 13G/A	Major Ownership Report
Jan 30, 2023	4	Insider Trading
Jan 30, 2023	4	Insider Trading
Jan 30, 2023	4	Insider Trading
Jan 05, 2023	10-Q	Quarterly Report

Latest Insider Trading transactions for WBA

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2022-11-18	Ban Kevin M.	sold	-414,108	40.193	-10,303	evp, chief medical officer
2022-11-18	Ban Kevin M.	acquired	350,714	34.04	10,303	evp, chief medical officer
2022-11-17	SCHLICHTING NANCY M	sold	-660,928	39.887	-16,570	-
2022-11-01	SHULMAN STEVEN J	acquired	-	-	4,136	-
2022-11-01	BREWER ROSALIND G	sold (taxes)	-338,161	36.26	-9,326	ceo
2022-11-01	Kehoe James	acquired	-	-	60,818	evp and global cfo
2022-11-01	Kehoe James	sold (taxes)	-423,444	36.26	-11,678	evp and global cfo
2022-11-01	Gray Danielle	sold (taxes)	-44,563	36.26	-1,229	evp and global clo
2022-11-01	SCHLICHTING NANCY M	acquired	-	-	5,515	-
2022-11-01	Mahajan Manmohan	sold (taxes)	-29,551	36.26	-815	svp, global controller and cao

About Walgreens Boots Alliance

Rosalind G. Brewer

www.walgreensbootsalliance.com

65535

Walgreens Boots Alliance, Inc. operates as a pharmacy-led health and beauty retail company. It operates through two segments, the United States and International. The United States segment sells prescription drugs and an assortment of retail products, including health, wellness, beauty, personal care, consumable, and general merchandise products through its retail drugstores. It also provides central specialty pharmacy services and mail services. As of August 31, 2021, this segment operated 8,965 retail stores under the Walgreens and Duane Reade brands in the United States; and five specialty pharmacies. The International segment sells prescription drugs; and health and wellness, beauty, personal care, and other consumer products through its pharmacy-led health and beauty retail stores and optical practices, as well as through boots.com and an integrated mobile application. It also engages in pharmaceutical wholesaling and distribution business in Germany. As of August 31, 2021, this segment operated 4,031 retail stores under the Boots, Benavides, and Ahumada in the United Kingdom, Thailand, Norway, the Republic of Ireland, the Netherlands, Mexico, and Chile; and 548 optical practices, including 160 on a franchise basis. Walgreens Boots Alliance, Inc. was founded in 1901 and is based in Deerfield, Illinois.

WBA Income Statement

2022-11-30

CONSOLIDATED CONDENSED STATEMENTS OF EARNINGS - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Nov. 30, 2022	Nov. 30, 2021
Income Statement [Abstract]
Sales	$ 33,382	$ 33,901
Cost of sales	26,429	26,326
Gross profit	6,953	7,574
Selling, general and administrative expenses	13,158	6,391
Equity earnings in AmerisourceBergen	53	100
Operating (loss) income	(6,151)	1,283
Other income, net	992	2,617
(Loss) earnings before interest and income tax (benefit) provision	(5,159)	3,900
Interest expense, net	110	86
(Loss) earnings before income tax (benefit) provision	(5,270)	3,814
Income tax (benefit) provision	(1,447)	275
Post-tax earnings (loss) from other equity method investments	7	(7)
Net (loss) earnings	(3,816)	3,531
Net loss attributable to non-controlling interests	(94)	(48)
Net (loss) earnings attributable to Walgreens Boots Alliance, Inc.	(3,721)	3,580
Net (loss) earnings per common share:
Net Income (Loss) Attributable to Parent, Total	$ (3,721)	$ 3,580
Earnings Per Share, Basic [Abstract]
Total (in dollars per share)	$ (4.31)	$ 4.13
Earnings Per Share, Diluted [Abstract]
Total (in dollars per share)	$ (4.31)	$ 4.13
Weighted average common shares outstanding:
Basic (in shares)	863.6	865.8
Diluted (in shares)	863.6	867.6

WBA Balance Sheet

2022-11-30

CONSOLIDATED CONDENSED BALANCE SHEETS - USD ($) $ in Millions	Nov. 30, 2022	Aug. 31, 2022
Current assets:
Cash and cash equivalents	$ 2,349	$ 1,358
Marketable securities	1,883	1,114
Accounts receivable, net	4,853	5,017
Inventories	9,322	8,353
Other current assets	1,115	1,059
Total current assets	19,523	16,902
Non-current assets:
Property, plant and equipment, net	11,450	11,729
Operating lease right-of-use assets	21,240	21,259
Goodwill	22,582	22,280
Intangible assets, net	10,612	10,730
Equity method investments (see Note 5)	4,426	5,495
Other non-current assets	3,042	1,730
Total non-current assets	73,352	73,222
Total assets	92,875	90,124
Current liabilities:
Short-term debt	3,938	1,059
Trade accounts payable (see Note 16)	12,184	11,255
Operating lease obligations	2,271	2,286
Accrued expenses and other liabilities	9,534	7,899
Income taxes	109	84
Total current liabilities	28,036	22,583
Non-current liabilities:
Long-term debt	7,789	10,615
Operating lease obligations	21,514	21,517
Deferred income taxes	1,319	1,442
Accrued litigation obligations	6,427	551
Other non-current liabilities	3,052	3,009
Total non-current liabilities	40,101	37,134
Commitments and contingencies (see Note 10)
Total liabilities	68,137	59,717
Redeemable non-controlling interests	157	1,042
Equity:
Preferred stock $.01 par value; authorized 32 million shares, none issued	0	0
Common stock $.01 par value; authorized 3.2 billion shares; issued 1,172,513,618 at November 30, 2022 and August 31, 2022	12	12
Paid-in capital	10,477	10,950
Retained earnings	33,664	37,801
Accumulated other comprehensive loss	(2,815)	(2,805)
Treasury stock, at cost; 310,171,383 shares at November 30, 2022 and 307,874,161 shares at August 31, 2022	(20,762)	(20,683)
Total Walgreens Boots Alliance, Inc. shareholders’ equity	20,576	25,275
Non-controlling interests	4,006	4,091
Total equity	24,582	29,366
Total liabilities, redeemable non-controlling interests and equity	$ 92,875	$ 90,124