Walmart's Tariff Refund Could Be Worth Billions

Walmart (WMT) is back in focus after reports that it could receive roughly US$2.4 billion in tariff refunds following a Supreme Court ruling that invalidated certain import duties.

This development has drawn fresh attention to the stock, with bulls pointing to Walmart's scale, e-commerce traction, and the potential US$2.4 billion tariff refund as reasons for optimism.

However, bears focus on the recent 12.34% share price decline over the past quarter, which may raise concerns about the stock's valuation.

A narrative based on Walmart's financial data suggests that the stock is undervalued, with a fair value of $154.58 sitting above the last close of $111.85.