Valmont Industries
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Valmont Industries, Inc. produces and sells fabricated metal products in the United States and internationally. The last earnings update was 21 days ago. More info.
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VMI Share Price and Events
7 Day Returns
1 Year Returns
VMI Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Valmont Industries (VMI) | -1.1% | -8.1% | -12.1% | -17.6% | -11.2% | -23.3% |
| US Construction | 1.1% | -4.7% | -0.3% | -5.3% | 13.9% | -0.7% |
| US Market | 0.2% | -1.6% | 2.4% | 2.9% | 36.1% | 41% |
1 Year Return vs Industry and Market
- VMI underperformed the Construction industry which returned -5.3% over the past year.
- VMI underperformed the Market in United States of America which returned 2.9% over the past year.
Value
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
Valmont Industries
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Valmont Industries.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 6 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 10% |
| Perpetual Growth Rate | 10-Year US Government Bond Rate | 2.7% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year US Govt Bond Rate | 2.7% |
| Equity Risk Premium | S&P Global | 6% |
| Construction Unlevered Beta | Simply Wall St/ S&P Global | 1.06 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.062 (1 + (1- 21%) (32.85%)) |
1.226 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.23 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.226 * 5.96%) |
10.04% |
Discounted Cash Flow Calculation for NYSE:VMI using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Valmont Industries is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.
| Levered FCF (USD, Millions) | Source |
Present Value Discounted (@ 10.04%) |
|
|---|---|---|---|
| 2019 | 189.60 | Analyst x1 | 172.30 |
| 2020 | 228.45 | Analyst x2 | 188.67 |
| 2021 | 235.40 | Analyst x1 | 176.68 |
| 2022 | 252.20 | Analyst x1 | 172.02 |
| 2023 | 266.44 | Est @ 5.65% | 165.15 |
| 2024 | 279.15 | Est @ 4.77% | 157.25 |
| 2025 | 290.76 | Est @ 4.16% | 148.84 |
| 2026 | 301.61 | Est @ 3.73% | 140.31 |
| 2027 | 311.95 | Est @ 3.43% | 131.89 |
| 2028 | 322.00 | Est @ 3.22% | 123.71 |
| Present value of next 10 years cash flows | $1,576.83 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= $322.00 × (1 + 2.73%) ÷ (10.04% – 2.73%) |
$4,526.33 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= $4,526.33 ÷ (1 + 10.04%)10 |
$1,739.07 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= $1,576.83 + $1,739.07 |
$3,315.89 |
| Equity Value per Share (USD) |
= Total value / Shares Outstanding
= $3,315.89 / 21.86 |
$151.71 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $151.71 |
| Current discount | Discount to share price of
$120.61
= -1 x ($120.61 - $151.71) / $151.71 |
20.5% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- Valmont Industries's share price is below the future cash flow value, and at a moderate discount (> 20%).
- Valmont Industries's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Valmont Industries's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Valmont Industries's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2019-03-30) in USD | $4.14 |
| NYSE:VMI Share Price ** | NYSE (2019-05-22) in USD | $120.61 |
| United States of America Construction Industry PE Ratio | Median Figure of 28 Publicly-Listed Construction Companies | 16.53x |
| United States of America Market PE Ratio | Median Figure of 3,085 Publicly-Listed Companies | 17.79x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Valmont Industries.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NYSE:VMI Share Price ÷ EPS (both in USD) = 120.61 ÷ 4.14 |
29.15x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Valmont Industries is overvalued based on earnings compared to the US Construction industry average.
- Valmont Industries is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does
Valmont Industries's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 29.15x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts |
30.1%per year |
| United States of America Construction Industry PEG Ratio | Median Figure of 24 Publicly-Listed Construction Companies | 1.15x |
| United States of America Market PEG Ratio | Median Figure of 2,123 Publicly-Listed Companies | 1.54x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 29.15x ÷ 30.1% |
0.97x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Valmont Industries is good value based on expected growth next year.
Price based on value of assets
What value do investors place on
Valmont Industries's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2019-03-30) in USD | $49.33 |
| NYSE:VMI Share Price * | NYSE (2019-05-22) in USD | $120.61 |
| United States of America Construction Industry PB Ratio | Median Figure of 34 Publicly-Listed Construction Companies | 1.86x |
| United States of America Market PB Ratio | Median Figure of 5,201 Publicly-Listed Companies | 1.84x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NYSE:VMI Share Price ÷ Book Value per Share (both in USD) = 120.61 ÷ 49.33 |
2.44x |
* Primary Listing of Valmont Industries.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Valmont Industries is overvalued based on assets compared to the US Construction industry average.
Value checks
We assess Valmont Industries's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Construction industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Construction industry average (and greater than 0)? (1 check) Valmont Industries has a total score of 2/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
Future Performance
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- Valmont Industries's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
- Valmont Industries's earnings growth is expected to exceed the United States of America market average.
- Valmont Industries's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NYSE:VMI Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts | 30.1% |
| NYSE:VMI Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts | 4.3% |
| United States of America Construction Industry Earnings Growth Rate | Market Cap Weighted Average | 25.1% |
| United States of America Construction Industry Revenue Growth Rate | Market Cap Weighted Average | 4.9% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 13.7% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.3% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (1 month ago) | See Below |
| Future Estimates | Average of up to 6 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2022-12-31 | 3,297 | 335 | 1 | |
| 2021-12-31 | 3,172 | 315 | 1 | |
| 2020-12-31 | 3,082 | 308 | 209 | 5 |
| 2019-12-31 | 2,942 | 278 | 189 | 6 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2019-03-30 | 2,751 | 128 | 92 |
| 2018-12-29 | 2,757 | 153 | 94 |
| 2018-09-29 | 2,775 | 92 | 73 |
| 2018-06-30 | 2,777 | 144 | 104 |
| 2018-03-31 | 2,807 | 143 | 117 |
| 2017-12-30 | 2,746 | 133 | 116 |
| 2017-09-30 | 2,706 | 214 | 190 |
| 2017-07-01 | 2,635 | 195 | 183 |
| 2017-04-01 | 2,563 | 162 | 179 |
| 2016-12-31 | 2,522 | 233 | 173 |
| 2016-09-24 | 2,481 | 217 | 73 |
| 2016-06-25 | 2,503 | 234 | 57 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (1 month ago) | See Below |
| Future Estimates | Average of up to 6 Analyst Estimates (S&P Global) | See Below |
All data from Valmont Industries Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2022-12-31 | ||||
| 2021-12-31 | ||||
| 2020-12-31 | 9.42 | 10.00 | 8.80 | 4.00 |
| 2019-12-31 | 8.54 | 8.63 | 8.30 | 5.00 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2019-03-30 | 4.14 |
| 2018-12-29 | 4.23 |
| 2018-09-29 | 3.25 |
| 2018-06-30 | 4.61 |
| 2018-03-31 | 5.17 |
| 2017-12-30 | 5.16 |
| 2017-09-30 | 8.44 |
| 2017-07-01 | 8.13 |
| 2017-04-01 | 7.96 |
| 2016-12-31 | 7.68 |
| 2016-09-24 | 3.20 |
| 2016-06-25 | 2.48 |
*GAAP earnings excluding extraordinary items.
Performance in 3 years
In the same way as past performance we look at the future estimated return
(profit) compared to the available
funds. We do this looking forward 3 years.
- Unable to establish if Valmont Industries will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
Future performance checks
We assess Valmont Industries's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Valmont Industries has a total score of 3/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
Past Performance
How has Valmont Industries performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- Valmont Industries's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
- Valmont Industries's 1-year earnings growth is negative, it can't be compared to the 5-year average.
- Valmont Industries's 1-year earnings growth is negative, it can't be compared to the US Construction industry average.
Earnings and Revenue History
All data from Valmont Industries Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2019-03-30 | 2,750.60 | 91.55 | 418.27 | 11.50 |
| 2018-12-29 | 2,757.14 | 94.35 | 411.47 | 11.50 |
| 2018-09-29 | 2,774.76 | 73.08 | 413.47 | 11.60 |
| 2018-06-30 | 2,776.85 | 103.84 | 413.58 | 11.60 |
| 2018-03-31 | 2,807.18 | 116.54 | 409.61 | 11.60 |
| 2017-12-30 | 2,745.97 | 116.24 | 406.34 | 11.60 |
| 2017-09-30 | 2,705.56 | 189.92 | 405.91 | 8.30 |
| 2017-07-01 | 2,635.03 | 182.88 | 403.71 | 8.30 |
| 2017-04-01 | 2,562.54 | 179.24 | 402.19 | 8.30 |
| 2016-12-31 | 2,521.68 | 173.23 | 400.85 | 8.30 |
| 2016-09-24 | 2,480.93 | 72.61 | 391.36 | 11.60 |
| 2016-06-25 | 2,503.26 | 56.50 | 383.52 | 11.60 |
| 2016-03-26 | 2,545.13 | 42.35 | 395.76 | 11.60 |
| 2015-12-26 | 2,618.92 | 40.12 | 417.62 | 11.60 |
| 2015-09-26 | 2,748.23 | 111.14 | 418.23 | 13.90 |
| 2015-06-27 | 2,881.33 | 122.63 | 435.99 | 13.90 |
| 2015-03-28 | 3,041.80 | 158.74 | 436.14 | 13.90 |
| 2014-12-27 | 3,123.14 | 183.98 | 436.50 | 13.90 |
| 2014-09-27 | 3,187.90 | 198.38 | 447.44 | 10.20 |
| 2014-06-28 | 3,200.26 | 231.31 | 451.41 | 10.20 |
| 2014-03-29 | 3,236.32 | 256.90 | 452.91 | 10.20 |
| 2013-12-28 | 3,304.21 | 278.49 | 461.96 | 10.20 |
| 2013-09-28 | 3,291.36 | 288.66 | 455.55 | 7.10 |
| 2013-06-29 | 3,243.17 | 288.90 | 442.51 | 7.10 |
| 2013-03-30 | 3,131.82 | 259.32 | 428.74 | 7.10 |
| 2012-12-29 | 3,029.54 | 234.07 | 415.06 | 7.10 |
| 2012-09-29 | 2,967.23 | 283.77 | 417.17 | 6.20 |
| 2012-06-30 | 2,909.59 | 269.18 | 409.91 | 6.20 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- Valmont Industries has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Valmont Industries used its assets less efficiently than the US Construction industry average last year based on Return on Assets.
- Valmont Industries's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess Valmont Industries's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Construction industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Valmont Industries has a total score of 0/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
Health
How is Valmont Industries's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up Valmont Industries's finances.
The net worth of a company is the difference between its assets and liabilities.
- Valmont Industries is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Valmont Industries's cash and other short term assets cover its long term commitments.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is covered by short term assets, assets are 1.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from Valmont Industries Company Filings, last reported 1 month ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2019-03-30 | 1,131.22 | 865.85 | 211.24 |
| 2018-12-29 | 1,135.52 | 753.28 | 313.21 |
| 2018-09-29 | 1,133.75 | 743.06 | 295.62 |
| 2018-06-30 | 1,149.82 | 989.65 | 722.59 |
| 2018-03-31 | 1,185.36 | 754.98 | 479.66 |
| 2017-12-30 | 1,151.80 | 755.02 | 492.81 |
| 2017-09-30 | 1,152.60 | 755.35 | 493.49 |
| 2017-07-01 | 1,102.45 | 755.73 | 448.22 |
| 2017-04-01 | 1,041.28 | 756.34 | 425.22 |
| 2016-12-31 | 982.59 | 756.39 | 399.95 |
| 2016-09-24 | 1,002.30 | 757.33 | 349.38 |
| 2016-06-25 | 994.17 | 761.17 | 344.35 |
| 2016-03-26 | 980.15 | 760.39 | 387.71 |
| 2015-12-26 | 965.21 | 758.97 | 349.07 |
| 2015-09-26 | 1,065.78 | 767.42 | 312.85 |
| 2015-06-27 | 1,140.59 | 774.28 | 317.52 |
| 2015-03-28 | 1,143.86 | 781.29 | 318.37 |
| 2014-12-27 | 1,250.41 | 781.79 | 371.58 |
| 2014-09-27 | 1,358.69 | 786.66 | 452.22 |
| 2014-06-28 | 1,615.09 | 496.17 | 455.93 |
| 2014-03-29 | 1,619.80 | 494.19 | 488.20 |
| 2013-12-28 | 1,544.85 | 490.13 | 613.71 |
| 2013-09-28 | 1,575.79 | 488.69 | 543.37 |
| 2013-06-29 | 1,498.36 | 488.12 | 490.48 |
| 2013-03-30 | 1,463.93 | 485.76 | 420.00 |
| 2012-12-29 | 1,407.01 | 486.19 | 414.13 |
| 2012-09-29 | 1,387.89 | 489.18 | 427.08 |
| 2012-06-30 | 1,307.84 | 491.21 | 328.38 |
- Valmont Industries's level of debt (76.5%) compared to net worth is high (greater than 40%).
- The level of debt compared to net worth has increased over the past 5 years (30.5% vs 76.5% today).
- Debt is not well covered by operating cash flow (14.8%, less than 20% of total debt).
- Interest payments on debt are well covered by earnings (EBIT is 6.2x coverage).
Financial health checks
We assess Valmont Industries's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Valmont Industries has a total score of 3/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
Dividends
What is Valmont Industries's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
$2,000 of
Valmont Industries
shares you are expected to receive
$25
in your first year as a dividend.
Dividend Amount
- Valmont Industries's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.45%).
- Valmont Industries's dividend is below the markets top 25% of dividend payers in United States of America (3.7%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 6 Analyst Estimates (S&P Global) | See Below |
| United States of America Construction Industry Average Dividend Yield | Market Cap Weighted Average of 11 Stocks | 1.1% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 2005 Stocks | 2.5% |
| United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.8% |
| United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.4% |
| United States of America Top 25% Dividend Yield | 75th Percentile | 3.7% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2022-12-31 | 1.50 | 1.00 |
| 2021-12-31 | 1.50 | 1.00 |
| 2020-12-31 | 1.50 | 3.00 |
| 2019-12-31 | 1.50 | 3.00 |
| Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-03-04 | 1.500 | 1.152 |
| 2018-12-03 | 1.500 | 1.227 |
| 2018-09-04 | 1.500 | 1.140 |
| 2018-06-05 | 1.500 | 1.039 |
| 2018-03-06 | 1.500 | 1.036 |
| 2017-12-05 | 1.500 | 0.930 |
| 2017-09-06 | 1.500 | 0.943 |
| 2017-06-06 | 1.500 | 1.003 |
| 2017-03-07 | 1.500 | 0.992 |
| 2016-12-07 | 1.500 | 1.024 |
| 2016-09-07 | 1.500 | 1.125 |
| 2016-06-07 | 1.500 | 1.127 |
| 2016-03-08 | 1.500 | 1.168 |
| 2015-12-08 | 1.500 | 1.407 |
| 2015-09-09 | 1.500 | 1.408 |
| 2015-06-09 | 1.500 | 1.314 |
| 2015-03-10 | 1.500 | 1.216 |
| 2014-12-09 | 1.500 | 1.210 |
| 2014-09-09 | 1.500 | 1.107 |
| 2014-05-13 | 1.500 | 0.999 |
| 2014-03-11 | 1.000 | 0.672 |
| 2013-12-10 | 1.000 | 0.679 |
| 2013-09-10 | 1.000 | 0.710 |
| 2013-04-30 | 1.000 | 0.691 |
| 2013-03-12 | 0.900 | 0.598 |
| 2012-12-05 | 0.900 | 0.619 |
| 2012-09-11 | 0.900 | 0.676 |
| 2012-04-24 | 0.900 | 0.738 |
| 2012-03-12 | 0.720 | 0.613 |
| 2011-12-07 | 0.720 | 0.723 |
| 2011-09-07 | 0.720 | 0.851 |
| 2011-04-26 | 0.720 | 0.756 |
| 2011-03-14 | 0.660 | 0.652 |
| 2010-12-07 | 0.660 | 0.710 |
| 2010-09-08 | 0.660 | 0.861 |
| 2010-04-27 | 0.660 | 0.881 |
| 2010-03-12 | 0.600 | 0.714 |
| 2009-12-18 | 0.600 | 0.804 |
| 2009-09-09 | 0.600 | 0.748 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Dividends per share have been stable in the past 10 years.
- Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of
Valmont Industries's earnings are
paid
to the shareholders as a dividend.
- Dividends paid are well covered by earnings (2.8x coverage).
- Dividends after 3 years are expected to be thoroughly covered by earnings (7x coverage).
Income/ dividend checks
We assess Valmont Industries's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Valmont Industries afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Valmont Industries has a total score of 4/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
Management
CEO
| COMPENSATION | $4,428,908 |
| AGE | 46 |
| TENURE AS CEO | 1.4 years |
CEO Bio
Mr. Stephen G. Kaniewski, also known as Steve, has been Chief Executive Officer at Valmont Industries, Inc. since December 31, 2017 and President since October 2016. Mr. Kaniewski served as Chief Operating Officer since October 2016 until December 2017. Mr. Kaniewski served as Group President of Global Utility at Valmont Industries, Inc. since August 30, 2015 until October 1, 2016 and served as its Vice President, Global Operations for the Irrigation Segment. Mr. Kaniewski served as Vice President of Information Technology at Valmont Industries, Inc. since August 2010. Mr. Kaniewski served as Vice President of Global IT Applications from September 2007 until August 2010 and Vice President of Operations (Specialty Division) from November 1999 until September 2007 at Belden, Inc. He serves as the Chairman of the Board of the AIM Institute in Omaha, a not-for-profit organization dedicated to promoting vibrant communities through technology. He has been a Director of Valmont Industries, Inc. since January 1, 2018. He is a graduate of Santa Clara University with a BS in Sociology.
CEO Compensation
- Steve's compensation has been consistent with company performance over the past year, both up more than 20%.
- Steve's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the Valmont Industries management team in years:
- The tenure for the Valmont Industries management team is about average.
Management Team
Steve Kaniewski
President
$4M
46
1.4 yrs
Mark Jaksich
Executive VP
$2M
60
5.3 yrs
Tim Francis
Senior VP & Corporate Controller
$868K
41
4.9 yrs
Renee Campbell
Director of Investor Relations & Corporate Communications
Andy Massey
VP of Legal & Compliance Officer
48
3 yrs
Tom Sanderson
VP of Sales & Marketing
Matt Ondrejko
Vice President of Global Marketing
Thomas Parnell
Senior Vice President of Human Resources
0.3 yrs
Viswanath Devarajan
Managing Director of India
David Wong
Managing Director of Asia
Board of Directors Tenure
Average tenure and age of the Valmont Industries board of directors in years:
- The tenure for the Valmont Industries board of directors is about average.
Board of Directors
Mogens Bay
Non-Executive Chairman
$957K
69
22.3 yrs
Steve Kaniewski
President
$4M
46
1.3 yrs
Walter Scott
Independent Director
$235K
87
38.1 yrs
Dan Neary
Director
$247K
66
13.4 yrs
Sandy Randt
Director
$235K
72
10.3 yrs
Cathy Paglia
Lead Director
$255K
66
1.1 yrs
Kaj den Daas
Independent Director
$229K
68
14.6 yrs
James Milliken
Director
$223K
61
7.4 yrs
Theo Freye
Director
$223K
69
3.9 yrs
Donna Milrod
Director
$134K
51
1.3 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
Management checks
We assess Valmont Industries's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Valmont Industries has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
News
Simply Wall St News
How Good Is Valmont Industries, Inc. (NYSE:VMI), When It Comes To ROE?
The formula for return on equity is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Valmont Industries: 8.6% = US$92m ÷ US$1.1b (Based on the trailing twelve months to March 2019.) Most readers would understand what net profit is, but it’s worth explaining the concept of shareholders’ equity. … Does Valmont Industries Have A Good Return On Equity? … One simple way to determine if a company has a good return on equity is to compare it to the average for its industry.
Simply Wall St - – Full articleIs Valmont Industries, Inc.'s (NYSE:VMI) Balance Sheet A Threat To Its Future?
Small-cap and large-cap companies receive a lot of attention from investors, but mid-cap stocks like Valmont Industries, Inc. … Don’t forget that this is a general and concentrated examination of Valmont Industries’s financial health, so you should conduct further analysis. … View our latest analysis for Valmont Industries
Simply Wall St - – Full articleWhy Valmont Industries, Inc. (NYSE:VMI) Is An Attractive Investment To Consider
As an investor, I look for investments which does not compromise one fundamental factor for another. … By this I mean, I look at stocks holistically, from their financial health to their future outlook. … that has been able to sustain great financial health over the past
Simply Wall St - – Full articleIs Valmont Industries, Inc. (NYSE:VMI) A Financially Sound Company?
Investors are always looking for growth in small-cap stocks like Valmont Industries, Inc. … However, an important fact which most ignore is: how financially healthy is the business? … The following basic checks can help you get a picture of the company's balance sheet strength.
Simply Wall St - – Full articleDoes Valmont Industries's (NYSE:VMI) Share Price Gain of 11% Match Its Business Performance?
(NYSE:VMI) share price is up 11% in the last three years, that falls short of the market return. … By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time. … Valmont Industries was able to grow its EPS at 35% per year over three years, sending the share price higher.
Simply Wall St - – Full articleValmont Industries, Inc. (NYSE:VMI): Does The Earnings Decline Make It An Underperformer?
After looking at Valmont Industries, Inc.'s (NYSE:VMI) latest earnings update (29 December 2018), I found it helpful to revisit the company's performance in the past couple of years and compare this against the latest numbers. … VMI's trailing twelve-month earnings (from 29 December 2018) of US$94m has. … Furthermore, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of -17%, indicating the rate at which VMI is growing has slowed down
Simply Wall St - – Full articleIs There Now An Opportunity In Valmont Industries, Inc. (NYSE:VMI)?
(NYSE:VMI), which is in the construction business, and is based in United States,. … As a mid-cap stock with high coverage by analysts, you could assume any recent changes in the company’s outlook is already priced into the stock? … Let’s take a look at Valmont Industries’s outlook and value based on the most recent financial data to see if the opportunity still exists.
Simply Wall St - – Full articleIs Valmont Industries, Inc. (NYSE:VMI) A Financially Sound Company?
Small and large cap stocks are widely popular for a variety of reasons, however, mid-cap companies such as Valmont Industries, Inc. … While they are less talked about as an investment category, mid-cap risk-adjusted returns have generally been better than more commonly focused stocks that fall into the small- or large-cap categories. … Check out our latest analysis for Valmont Industries.
Simply Wall St - – Full articleShould Valmont Industries, Inc. (NYSE:VMI) Focus On Improving This Fundamental Metric?
With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … Our data shows Valmont Industries has a return on equity of 7.1% for the last year. … Return on Equity = Net Profit ÷ Shareholders' Equity
Simply Wall St - – Full articleWho Has Been Selling Valmont Industries, Inc. (NYSE:VMI) Shares?
So shareholders might well want to know whether insiders have been buying or selling shares in Valmont Industries, Inc. … Valmont Industries Insider Transactions Over The Last Year. … Over the last year, we can see that the biggest insider sale was by Independent Director Karel den Daas for US$159k worth of shares, at about US$159 per share.
Simply Wall St - – Full articleCompany Info
Description
Valmont Industries, Inc. produces and sells fabricated metal products in the United States and internationally. The company operates through four segments: Engineered Support Structures, Utility Support Structures, Coatings, and Irrigation. The Engineered Support Structures segment manufactures and distributes engineered metal, steel, aluminum, and composite poles, towers, and components for lighting, traffic, and wireless communication markets; engineered access systems; integrated structure solutions for smart cities; and highway safety products. The Utility Support Structures segment manufactures engineered steel and concrete pole structures for the utility generation, transmission, and distribution applications; renewable energy generation equipment; and inspection services. The Coatings segment provides hot-dipped galvanizing, anodizing, powder coating, and e-coating services. The Irrigation segment manufactures agricultural irrigation equipment, and related parts and services under the Valley brand name for the agricultural industry; and tubular products for industrial customers. This segment also provides water management solutions for large-scale production agriculture; and technology for precision agriculture. The company serves municipalities and government entities, commercial lighting fixtures manufacturing companies, contractors, telecommunication and utility companies, and large farms, as well as the general manufacturing sector. Valmont Industries, Inc. was founded in 1946 and is headquartered in Omaha, Nebraska.
Details
| Name: | Valmont Industries, Inc. |
| VMI | |
| Exchange: | NYSE |
| Founded: | 1946 |
| $2,636,126,093 | |
| 21,856,613 | |
| Website: | http://www.valmont.com |
| Address: |
Valmont Industries, Inc. One Valmont Plaza, Omaha, Nebraska, 68154, United States |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NYSE | VMI | Common Stock | New York Stock Exchange | US | USD | 02. Jan 1980 | |
| DB | VI1 | Common Stock | Deutsche Boerse AG | DE | EUR | 02. Jan 1980 |
Number of employees
Current staff
Industry
| Construction and Engineering | |
| Capital Goods |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/05/23 04:27 |
| End of day share price update: | 2019/05/22 00:00 |
| Last estimates confirmation: | 2019/04/25 |
| Last earnings filing: | 2019/05/02 |
| Last earnings reported: | 2019/03/30 |
| Last annual earnings reported: | 2018/12/29 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
