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U.S. Concrete

Nasdaq:USCR
Snowflake Description

Good value with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
USCR
Nasdaq
$769M
Market Cap
  1. Home
  2. US
  3. Materials
Company description

U.S. Concrete, Inc., through its subsidiaries, produces and sells ready-mixed concrete, aggregates, and concrete-related products and services to the construction industry in the United States, U.S. The last earnings update was 42 days ago. More info.


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USCR Share Price and Events
7 Day Returns
-0.3%
NasdaqCM:USCR
1.5%
US Basic Materials
1.2%
US Market
1 Year Returns
-20.6%
NasdaqCM:USCR
-6.8%
US Basic Materials
2.3%
US Market
USCR Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
U.S. Concrete (USCR) -0.3% -6.1% 15.8% -20.6% -20.2% 95.4%
US Basic Materials 1.5% 1.6% 12.8% -6.8% 13.4% 66.6%
US Market 1.2% 2% 2% 2.3% 37.9% 39.8%
1 Year Return vs Industry and Market
  • USCR underperformed the Basic Materials industry which returned -6.8% over the past year.
  • USCR underperformed the Market in United States of America which returned 2.3% over the past year.
Price Volatility
USCR
Industry
5yr Volatility vs Market

Value

 Is U.S. Concrete undervalued based on future cash flows and its price relative to the stock market?

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 U.S. Concrete 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.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for U.S. Concrete.

NasdaqCM:USCR Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 7 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 11%
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.

Calculation of Discount Rate/ Cost of Equity for NasdaqCM:USCR
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Basic Materials Unlevered Beta Simply Wall St/ S&P Global 0.87
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.874 (1 + (1- 21%) (102.18%))
1.389
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.39
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.389 * 5.96%)
11.01%

Discounted Cash Flow Calculation for NasdaqCM:USCR using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for U.S. Concrete 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.

NasdaqCM:USCR DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 11.01%)
2019 55.57 Analyst x3 50.06
2020 90.87 Analyst x3 73.74
2021 102.33 Est @ 12.62% 74.81
2022 112.21 Est @ 9.65% 73.90
2023 120.71 Est @ 7.58% 71.61
2024 128.10 Est @ 6.12% 68.46
2025 134.64 Est @ 5.1% 64.82
2026 140.55 Est @ 4.39% 60.96
2027 146.03 Est @ 3.89% 57.05
2028 151.20 Est @ 3.54% 53.22
Present value of next 10 years cash flows $648.63
NasdaqCM:USCR DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $151.20 × (1 + 2.73%) ÷ (11.01% – 2.73%)
$1,876.61
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $1,876.61 ÷ (1 + 11.01%)10
$660.49
NasdaqCM:USCR Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $648.63 + $660.49
$1,309.12
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $1,309.12 / 16.29
$80.36
NasdaqCM:USCR Discount to Share Price
Calculation Result
Value per share (USD) From above. $80.36
Current discount Discount to share price of $47.19
= -1 x ($47.19 - $80.36) / $80.36
41.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price U.S. Concrete is available for.
Intrinsic value
41%
Share price is $47.19 vs Future cash flow value of $80.36
Current Discount Checks
For U.S. Concrete to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • U.S. Concrete's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • U.S. Concrete's share price is below the future cash flow value, and 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 U.S. Concrete's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are U.S. Concrete's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqCM:USCR PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $1.89
NasdaqCM:USCR Share Price ** NasdaqCM (2019-06-19) in USD $47.19
United States of America Basic Materials Industry PE Ratio Median Figure of 11 Publicly-Listed Basic Materials Companies 27.51x
United States of America Market PE Ratio Median Figure of 3,092 Publicly-Listed Companies 17.87x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of U.S. Concrete.

NasdaqCM:USCR PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqCM:USCR Share Price ÷ EPS (both in USD)

= 47.19 ÷ 1.89

24.92x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • U.S. Concrete is good value based on earnings compared to the US Basic Materials industry average.
  • U.S. Concrete is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does U.S. Concrete's expected growth come at a high price?
Raw Data
NasdaqCM:USCR PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 24.92x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts
36.4%per year
United States of America Basic Materials Industry PEG Ratio Median Figure of 7 Publicly-Listed Basic Materials Companies 2.18x
United States of America Market PEG Ratio Median Figure of 2,128 Publicly-Listed Companies 1.53x

*Line of best fit is calculated by linear regression .

NasdaqCM:USCR PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 24.92x ÷ 36.4%

0.68x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • U.S. Concrete is good value based on expected growth next year.
Price based on value of assets
What value do investors place on U.S. Concrete's assets?
Raw Data
NasdaqCM:USCR PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $19.06
NasdaqCM:USCR Share Price * NasdaqCM (2019-06-19) in USD $47.19
United States of America Basic Materials Industry PB Ratio Median Figure of 13 Publicly-Listed Basic Materials Companies 2.04x
United States of America Market PB Ratio Median Figure of 5,246 Publicly-Listed Companies 1.8x
NasdaqCM:USCR PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqCM:USCR Share Price ÷ Book Value per Share (both in USD)

= 47.19 ÷ 19.06

2.48x

* Primary Listing of U.S. Concrete.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • U.S. Concrete is overvalued based on assets compared to the US Basic Materials industry average.
X
Value checks
We assess U.S. Concrete's value by looking at:
  1. 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. )
  2. Is the PE ratio less than the market average, and/ or less than the Basic Materials industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Basic Materials industry average (and greater than 0)? (1 check)
  5. U.S. Concrete has a total score of 4/6, 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

 How is U.S. Concrete expected to perform in the next 1 to 3 years based on estimates from 7 analysts?

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!
Annual Growth Rate
36.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is U.S. Concrete expected to grow at an attractive rate?
  • U.S. Concrete's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • U.S. Concrete's earnings growth is expected to exceed the United States of America market average.
  • U.S. Concrete's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqCM:USCR Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqCM:USCR Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts 36.4%
NasdaqCM:USCR Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 7 Analysts 6.5%
United States of America Basic Materials Industry Earnings Growth Rate Market Cap Weighted Average 16.3%
United States of America Basic Materials Industry Revenue Growth Rate Market Cap Weighted Average 5.1%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.9%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.4%

*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
Raw Data
NasdaqCM:USCR Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqCM:USCR Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31
2020-12-31 1,693 150 60 7
2019-12-31 1,590 126 44 7
NasdaqCM:USCR Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 1,512 119 31
2018-12-31 1,506 123 30
2018-09-30 1,478 101 25
2018-06-30 1,428 89 34
2018-03-31 1,365 91 15
2017-12-31 1,336 95 26
2017-09-30 1,313 108 14
2017-06-30 1,287 134 28
2017-03-31 1,222 125 26
2016-12-31 1,168 116 10
2016-09-30 1,113 140 19
2016-06-30 1,079 104 -18

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • U.S. Concrete's earnings are expected to grow significantly at over 20% yearly.
  • U.S. Concrete's revenue is expected to grow by 6.5% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqCM:USCR Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below

All data from U.S. Concrete Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqCM:USCR Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31
2020-12-31 3.61 4.23 2.65 6.00
2019-12-31 2.56 2.90 2.08 6.00
NasdaqCM:USCR Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 1.89
2018-12-31 1.82
2018-09-30 1.52
2018-06-30 2.06
2018-03-31 0.94
2017-12-31 1.64
2017-09-30 0.88
2017-06-30 1.78
2017-03-31 1.73
2016-12-31 0.64
2016-09-30 1.26
2016-06-30 -1.22

*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 U.S. Concrete will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess U.S. Concrete's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
U.S. Concrete 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 U.S. Concrete 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
Below we compare U.S. Concrete's growth in the last year to its industry (Basic Materials).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • U.S. Concrete has delivered over 20% year on year earnings growth in the past 5 years.
  • U.S. Concrete's 1-year earnings growth exceeds its 5-year average (105.3% vs 35.2%)
  • U.S. Concrete's earnings growth has exceeded the US Basic Materials industry average in the past year (105.3% vs -25.1%).
Earnings and Revenue History
U.S. Concrete's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from U.S. Concrete Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqCM:USCR Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 1,511.70 31.20 123.50
2018-12-31 1,506.40 30.00 123.70
2018-09-30 1,477.58 24.96 125.32
2018-06-30 1,427.94 33.63 122.16
2018-03-31 1,364.67 15.20 119.98
2017-12-31 1,336.00 26.10 113.30
2017-09-30 1,313.46 13.72 112.85
2017-06-30 1,287.42 27.56 108.99
2017-03-31 1,222.25 26.42 102.47
2016-12-31 1,168.20 9.60 100.00
2016-09-30 1,112.96 18.65 95.22
2016-06-30 1,079.48 -17.76 93.32
2016-03-31 1,048.42 -4.23 92.13
2015-12-31 974.72 -5.09 86.87
2015-09-30 890.65 3.04 81.52
2015-06-30 793.13 14.60 73.72
2015-03-31 728.80 12.49 66.12
2014-12-31 703.71 21.58 61.27
2014-09-30 672.35 14.46 57.74
2014-06-30 641.96 -5.89 56.72
2014-03-31 618.99 -6.34 58.02
2013-12-31 598.16 -18.27 58.92
2013-09-30 584.92 -24.56 61.21
2013-06-30 564.77 -21.35 61.19
2013-03-31 545.56 -28.97 58.58
2012-12-31 517.22 -24.35 55.65
2012-09-30 509.46 -11.96 50.06
2012-06-30 496.76 1.15 48.23

*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.
  • U.S. Concrete has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • U.S. Concrete used its assets less efficiently than the US Basic Materials industry average last year based on Return on Assets.
  • U.S. Concrete's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess U.S. Concrete's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Basic Materials industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
U.S. Concrete has a total score of 3/6, 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 U.S. Concrete'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 U.S. Concrete's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • U.S. Concrete is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • U.S. Concrete's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of U.S. Concrete's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.5x 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.
Raw Data

All data from U.S. Concrete Company Filings, last reported 2 months ago.

NasdaqCM:USCR Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 335.40 785.30 23.90
2018-12-31 337.20 714.10 20.00
2018-09-30 336.53 730.51 25.18
2018-06-30 317.80 750.55 21.51
2018-03-31 299.17 755.73 36.62
2017-12-31 302.10 693.40 22.60
2017-09-30 281.79 688.42 248.26
2017-06-30 205.35 673.87 271.74
2017-03-31 206.66 658.64 291.82
2016-12-31 188.83 449.30 75.77
2016-09-30 202.46 452.49 66.02
2016-06-30 137.04 441.64 101.12
2016-03-31 134.03 296.47 8.84
2015-12-31 134.01 275.60 3.93
2015-09-30 122.80 292.07 8.61
2015-06-30 116.39 280.53 15.03
2015-03-31 91.46 221.40 7.39
2014-12-31 101.48 220.44 30.20
2014-09-30 99.62 220.11 94.16
2014-06-30 86.77 213.25 86.87
2014-03-31 83.33 214.52 96.22
2013-12-31 83.73 214.14 112.67
2013-09-30 88.44 84.06 7.68
2013-06-30 86.41 90.80 7.15
2013-03-31 77.64 95.57 4.66
2012-12-31 92.52 63.46 4.75
2012-09-30 104.30 58.13 3.82
2012-06-30 106.97 72.61 6.71
  • U.S. Concrete's level of debt (211.4%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (257.3% vs 211.4% today).
  • Debt is not well covered by operating cash flow (16.8%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 1.8x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess U.S. Concrete's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. U.S. Concrete has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. 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 U.S. Concrete'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
Dividend payments
0%
Current annual income from U.S. Concrete dividends. Estimated to be 0% next year.
If you bought $2,000 of U.S. Concrete shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate U.S. Concrete's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate U.S. Concrete's dividend against the top 25% market benchmark as the company has not reported any payouts.
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.
Raw Data
NasdaqCM:USCR Annualized Past and Future Dividends
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 7 Analyst Estimates (S&P Global) See Below
United States of America Basic Materials Industry Average Dividend Yield Market Cap Weighted Average of 7 Stocks 0.9%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2011 Stocks 2.4%
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.

NasdaqCM:USCR Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.00 1.00
2020-12-31 0.00 1.00
2019-12-31 0.00 1.00

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as U.S. Concrete has not reported any payouts.
  • Unable to verify if U.S. Concrete's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of U.S. Concrete's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as U.S. Concrete has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of U.S. Concrete's dividends in 3 years as they are not expected to pay a notable one for United States of America.
X
Income/ dividend checks
We assess U.S. Concrete's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can U.S. Concrete afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. U.S. Concrete has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of U.S. Concrete's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Bill Sandbrook
COMPENSATION $3,279,185
AGE 60
TENURE AS CEO 7.8 years
CEO Bio

Mr. William J. Sandbrook, also known as Bill, has been the Chairman at U.S. Concrete, Inc. since May 2018 and has also been its as its Chief Executive Officer since August 22, 2011 and served as its President since August 22, 2011 until April 15, 2019. Mr. Sandbrook was Vice Chairman of U.S. Concrete, Inc. since September 14, 2017 until May 2018. Mr. Sandbrook has been a Director of Comfort Systems USA, Inc. since April 5, 2018. He served as Interim Principal Financial Officer of U.S. Concrete, Inc. since July 3, 2017 until September 8, 2017. Mr. Sandbrook served as Chief Operating Officer of U.S. Concrete, Inc. until October 26, 2015 and served as its Interim Principal Financial Officer from October 23, 2015 to February 1, 2016. From 2006 to June 2008, Mr. Sandbrook was Chief Executive Officer of Oldcastle Architectural Product’s Group responsible for Oldcastle’s U.S. and Canadian Operations, as well as CRH plc’s business in South America. He served as the Chief Executive of Products and Distribution Business for North America of CRH PLC from July 2006 to July 2011 and had overall responsibility for Architectural Products, Precast, Glass, MMI and Distribution. From June 2008 until August 2011, Mr. Sandbrook was Chief Executive Officer of Oldcastle Inc.’s Products and Distribution Group. He joined CRH in 1996. Mr. Sandbrook served as the President of Oldcastle Materials' West Division from 2003 to 2006. From 1996 to 2006, Mr. Sandbrook served in various roles at Oldcastle Materials. Mr. Sandbrook was named the Rockland County, New York 2002 Business Leader of the Year, the Dominican College 2002 Man of the Year and the American Red Cross 2003 Man of the Year for Southern New York. Additionally, Mr. Sandbrook was awarded the Lifetime Achievement Award by the New Jersey Concrete and Aggregate Association in 2017. In 2018, Mr. Sandbrook received the William B. Allen Award from the National Ready Mixed Concrete Association in recognition of his lifetime commitment and outstanding leadership to improve the financial health, performance and sustainability of the ready mixed concrete industry. In 1992, he joined Tilcon, New York, as Vice President. From 1995 to 1996, he served as the President and Chief Executive Officer of Tilcon and its Vice President from 1992 to 1995. Mr. Sandbrook has been a Director of U.S. Concrete, Inc. since August 22, 2011. He served in the U.S.Army for thirteen years. Mr. Sandbrook’s service included a four-year tour in Germany in cavalry and engineering units, three years as an Associate Professor in the Department of Mathematics at the U.S. Military Academy at West Point and two years as the Army Program representative to Raytheon. Mr. Sandbrook is a 1979 graduate of the U.S. Military Academy at West Point. He earned four Master's degrees while in the service. While still in the service, he earned his Professional Engineer's License (PE) in Industrial Engineering. Mr. Sandbrook earned four Master’s Degrees while in the service. Mr. Sandbrook received an MBA from Wharton, a Master of Science in Systems Engineering from the University of Pennsylvania, a Master's in Public Policy from the Naval War College and a Master of Arts in International Relations from Salve Regina University.

CEO Compensation
  • Bill's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Bill's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the U.S. Concrete management team in years:

1.7
Average Tenure
53
Average Age
  • The average tenure for the U.S. Concrete management team is less than 2 years, this suggests a new team.
Management Team

Bill Sandbrook

TITLE
Chairman & CEO
COMPENSATION
$3M
AGE
60
TENURE
7.8 yrs

Ronnie Pruitt

TITLE
President & COO
COMPENSATION
$1M
AGE
47
TENURE
0.2 yrs

John Kunz

TITLE
Senior VP & CFO
COMPENSATION
$2M
AGE
53
TENURE
1.7 yrs

Paul Jolas

TITLE
Senior VP
COMPENSATION
$934K
AGE
54
TENURE
5.8 yrs

Mark Peabody

TITLE
Vice President of Human Resources
AGE
60
TENURE
7.1 yrs

Gib Dawson

TITLE
VP, Corporate Controller & Chief Accounting Officer
AGE
52
TENURE
0.3 yrs

Kevin Kohutek

TITLE
VP of Finance & Treasurer
COMPENSATION
$745K
AGE
45
TENURE
1.3 yrs
Board of Directors Tenure

Average tenure and age of the U.S. Concrete board of directors in years:

7.5
Average Tenure
60
Average Age
  • The tenure for the U.S. Concrete board of directors is about average.
Board of Directors

Kurt Cellar

TITLE
Independent Director
COMPENSATION
$241K
AGE
48
TENURE
8.8 yrs

Bill Sandbrook

TITLE
Chairman & CEO
COMPENSATION
$3M
AGE
60
TENURE
1.1 yrs

Mike Lundin

TITLE
Lead Independent Director
COMPENSATION
$266K
AGE
58
TENURE
1.8 yrs

Ted Rossi

TITLE
Independent Director
COMPENSATION
$232K
AGE
67
TENURE
7.5 yrs

Colin Sutherland

TITLE
Independent Director
COMPENSATION
$235K
AGE
62
TENURE
8.8 yrs

Bob Rayner

TITLE
Independent Director
COMPENSATION
$231K
AGE
71
TENURE
8.8 yrs

Susan Ball

TITLE
Independent Director
COMPENSATION
$168K
AGE
55
TENURE
0.8 yrs
Who owns this company?
Recent Insider Trading
  • U.S. Concrete insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
05. Jun 19 Sell John Kunz Individual 03. Jun 19 03. Jun 19 -1,982 $47.33 $-93,808
03. Jun 19 Sell Paul Jolas Individual 30. May 19 30. May 19 -5,053 $46.47 $-234,813
03. Jun 19 Sell Ronnie Pruitt Individual 30. May 19 30. May 19 -4,563 $46.26 $-211,084
21. Mar 19 Sell Niel Poulsen Individual 19. Mar 19 19. Mar 19 -5,782 $42.87 $-247,874
12. Mar 19 Sell Jeffrey Roberts Individual 08. Mar 19 08. Mar 19 -3,800 $41.03 $-155,914
08. Mar 19 Sell Kevin Kohutek Individual 06. Mar 19 06. Mar 19 -5,100 $40.75 $-207,825
19. Dec 18 Buy Theodore Rossi Individual 17. Dec 18 17. Dec 18 10,000 $34.85 $348,500
18. Dec 18 Buy Theodore Rossi Individual 14. Dec 18 14. Dec 18 40,000 $33.95 $1,335,943
10. Dec 18 Buy Robert Rayner Individual 06. Dec 18 06. Dec 18 3,600 $38.13 $136,839
28. Nov 18 Buy Robert Rayner Individual 28. Nov 18 28. Nov 18 5,000 $38.57 $192,850
23. Nov 18 Buy Robert Rayner Individual 20. Nov 18 20. Nov 18 5,000 $35.25 $176,273
20. Nov 18 Buy David Behring Individual 19. Nov 18 19. Nov 18 500 $35.00 $17,500
10. Sep 18 Buy Kurt Cellar Individual 06. Sep 18 06. Sep 18 5,000 $48.40 $242,000
05. Sep 18 Buy Kurt Cellar Individual 04. Sep 18 04. Sep 18 2,000 $48.30 $96,600
23. Aug 18 Buy Theodore Rossi Individual 22. Aug 18 22. Aug 18 200 $51.30 $10,259
22. Aug 18 Buy Michael Lundin Individual 20. Aug 18 20. Aug 18 250 $51.75 $12,938
14. Aug 18 Buy Kurt Cellar Individual 10. Aug 18 10. Aug 18 2,000 $53.55 $107,100
13. Aug 18 Buy Theodore Rossi Individual 10. Aug 18 10. Aug 18 200 $53.10 $10,620
09. Aug 18 Buy John Kunz Individual 09. Aug 18 09. Aug 18 1,000 $51.76 $51,760
X
Management checks
We assess U.S. Concrete's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. U.S. Concrete 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

Is U.S. Concrete, Inc. (NASDAQ:USCR) Trading At A 38% Discount?

Generally we assume that a dollar today is more valuable than a dollar in the future, so we discount the value of these future cash flows to their estimated value in today's dollars: 10-year free cash flow (FCF) forecast 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 Levered FCF ($, Millions) $55.57 $90.87 $102.33 $112.21 $120.71 $128.10 $134.64 $140.55 $146.03 $151.20 Growth Rate Estimate Source Analyst x3 Analyst x3 Est @ 12.62% Est @ 9.65% Est @ 7.58% Est @ 6.12% Est @ 5.1% Est @ 4.39% Est @ 3.89% Est @ 3.54% Present Value ($, Millions) Discounted @ 10.99% $50.06 $73.76 $74.84 $73.94 $71.66 $68.52 $64.88 $61.03 $57.12 $53.29 Present Value of 10-year Cash Flow (PVCF)= $649.11m "Est" = FCF growth rate estimated by Simply Wall St We now need to calculate the Terminal Value, which accounts for all the future cash flows after this ten year period. … Terminal Value (TV) = FCF2029 × (1 + g) ÷ (r – g) = US$151m × (1 + 2.7%) ÷ (11% – 2.7%) = US$1.9b Present Value of Terminal Value (PVTV) = TV / (1 + r)10 = $US$1.9b ÷ ( 1 + 11%)10 = $662.61m The total value, or equity value, is then the sum of the present value of the future cash flows, which in this case is $1.31b. … NasdaqCM:USCR Intrinsic value, June 5th 2019 The assumptions Now the most important inputs to a discounted cash flow are the discount rate, and of course, the actual cash flows.

Simply Wall St -

How Did U.S. Concrete, Inc.'s (NASDAQ:USCR) 9.3% ROE Fare Against The Industry?

With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … One way to conceptualize this, is that for each $1 of shareholders' equity it has, the company made $0.093 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Read This Before Selling U.S. Concrete, Inc. (NASDAQ:USCR) Shares

We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. … The Last 12 Months Of Insider Transactions At U.S. … Over the last year, we can see that the biggest insider purchase was by Independent Director Theodore Rossi for US$1.3m worth of shares, at about US$33.95 per share.

Simply Wall St -

How Should Investors Feel About U.S. Concrete, Inc.'s (NASDAQ:USCR) CEO Pay?

This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … How Does Bill Sandbrook's Compensation Compare With Similar Sized Companies. … has a market capitalization of US$731m, and pays its CEO total annual compensation worth US$3.6m.

Simply Wall St -

Does U.S. Concrete, Inc. (NASDAQ:USCR) Have A Particularly Volatile Share Price?

Every stock in the market is exposed to this volatility, which is linked to the fact that stocks prices are correlated in an efficient market. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market.

Simply Wall St -

Here's What U.S. Concrete, Inc.'s (NASDAQ:USCR) P/E Ratio Is Telling Us

This article is written for those who want to get better at using price to earnings ratios (P/E ratios). … Concrete, Inc.'s (NASDAQ:USCR) P/E ratio could help you assess the value on offer. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

If You Had Bought U.S. Concrete Stock Five Years Ago, You Could Pocket A 51% Gain Today

Better yet, you'd like to see the share price move up more than the market average. … (NASDAQ:USCR) has fallen short of that second goal, with a share price rise of 51% over five years, which is below the market return. … One flawed but reasonable way to assess how sentiment around a company has changed, is to compare the earnings per share (EPS) with the share price.

Simply Wall St -

Is U.S. Concrete, Inc. (NASDAQ:USCR) Potentially Undervalued?

As a stock with high coverage by analysts, you could assume any recent changes in the company’s outlook is already priced into the stock? … However, what if the stock is still a bargain. … Concrete’s valuation and outlook in more detail to determine if there’s still a bargain opportunity.

Simply Wall St -

Is U.S. Concrete, Inc.'s (NASDAQ:USCR) ROE Of 7.5% Concerning?

While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. … That means that for every $1 worth of shareholders' equity, it generated $0.075 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

How Much Are U.S. Concrete, Inc. (NASDAQ:USCR) Insiders Spending On Buying Shares?

As Peter Lynch said, 'insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.'. … That means that an insider was happy to buy shares at around the current price. … In any event it's generally a positive if insiders are buying shares at around the current price.

Simply Wall St -

Company Info

Description

U.S. Concrete, Inc., through its subsidiaries, produces and sells ready-mixed concrete, aggregates, and concrete-related products and services to the construction industry in the United States, U.S. Virgin Islands, and Canada. It operates through two segments, Ready-Mixed Concrete and Aggregate Products. The Ready-Mixed Concrete segment engages in the formulation, production, and delivery of ready-mixed concrete to customers’ job sites; and the provision of various services that include the formulation of mixtures for specific design uses, on-site and lab-based product quality control, and customized delivery programs. The Aggregate Products segment offers crushed stone, sand, and gravel for use in commercial, industrial, and public works projects. The company’s other products include building materials stores, hauling operations, aggregates distribution terminals, a recycled aggregates operation and concrete blocks, as well as products, including ARIDUS Rapid Drying Concrete technology and the Where’s My Concrete family of Web and mobile applications. It primarily serves concrete general contractors, governmental agencies, property owners and developers, architects, engineers, and home builders. The company was founded in 1997 and is based in Euless, Texas.

Details
Name: U.S. Concrete, Inc.
USCR
Exchange: NasdaqCM
Founded: 1997
$768,573,240
16,290,234
Website: http://www.us-concrete.com
Address: U.S. Concrete, Inc.
331 North Main Street,
Euless,
Texas, 76039,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqCM USCR Common Stock Nasdaq Capital Market US USD 15. Oct 2010
DB 0U1N Common Stock Deutsche Boerse AG DE EUR 15. Oct 2010
Number of employees
Current staff
Staff numbers
3,301
U.S. Concrete employees.
Industry
Construction Materials
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/20 00:31
End of day share price update: 2019/06/19 00:00
Last estimates confirmation: 2019/06/14
Last earnings filing: 2019/05/09
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


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.