Vulcan Materials
Vulcan Materials Company produces and supplies construction materials primarily in the United States. The last earnings update was 54 days ago. More info.
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VMC Share Price and Events
7 Day Returns
1 Year Returns
VMC Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Vulcan Materials (VMC) | 0.5% | 8.2% | 18.5% | 8% | 12.8% | 91.7% |
| US Basic Materials | 0.8% | 6.5% | 16.8% | -3.8% | 13% | 65.8% |
| US Market | -0.3% | 2% | 8.5% | 7% | 37.7% | 46.8% |
1 Year Return vs Industry and Market
- VMC outperformed the Basic Materials industry which returned -3.8% over the past year.
- VMC outperformed the Market in United States of America which returned 7% over the past year.
VMC 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
Vulcan Materials
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 Vulcan Materials.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 15 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 8.8% |
| 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% |
| Basic Materials Unlevered Beta | Simply Wall St/ S&P Global | 0.9 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.902 (1 + (1- 21%) (17.96%)) |
1.02 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.02 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.02 * 5.96%) |
8.81% |
Discounted Cash Flow Calculation for NYSE:VMC using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Vulcan Materials 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 (@ 8.81%) |
|
|---|---|---|---|
| 2019 | 591.74 | Analyst x5 | 543.82 |
| 2020 | 783.68 | Analyst x6 | 661.89 |
| 2021 | 1,049.75 | Analyst x2 | 814.81 |
| 2022 | 1,271.76 | Est @ 21.15% | 907.20 |
| 2023 | 1,470.46 | Est @ 15.62% | 963.99 |
| 2024 | 1,643.31 | Est @ 11.76% | 990.07 |
| 2025 | 1,792.00 | Est @ 9.05% | 992.22 |
| 2026 | 1,920.17 | Est @ 7.15% | 977.08 |
| 2027 | 2,032.03 | Est @ 5.83% | 950.27 |
| 2028 | 2,131.54 | Est @ 4.9% | 916.08 |
| Present value of next 10 years cash flows | $8,717.44 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= $2,131.54 × (1 + 2.73%) ÷ (8.81% – 2.73%) |
$36,004.76 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= $36,004.76 ÷ (1 + 8.81%)10 |
$15,473.92 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= $8,717.44 + $15,473.92 |
$24,191.36 |
| Equity Value per Share (USD) |
= Total value / Shares Outstanding
= $24,191.36 / 132.07 |
$183.17 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $183.17 |
| Current discount | Discount to share price of
$122.80
= -1 x ($122.80 - $183.17) / $183.17 |
33% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- Vulcan Materials's share price is below the future cash flow value, and at a moderate discount (> 20%).
- Vulcan Materials'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 Vulcan Materials's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Vulcan Materials'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 (2018-12-31) in USD | $3.91 |
| NYSE:VMC Share Price ** | NYSE (2019-04-18) in USD | $122.8 |
| United States of America Basic Materials Industry PE Ratio | Median Figure of 11 Publicly-Listed Basic Materials Companies | 25.6x |
| United States of America Market PE Ratio | Median Figure of 3,081 Publicly-Listed Companies | 18.18x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Vulcan Materials.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NYSE:VMC Share Price ÷ EPS (both in USD) = 122.8 ÷ 3.91 |
31.4x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Vulcan Materials is overvalued based on earnings compared to the US Basic Materials industry average.
- Vulcan Materials is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does
Vulcan Materials's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 31.4x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 15 Analysts |
13%per year |
| United States of America Basic Materials Industry PEG Ratio | Median Figure of 7 Publicly-Listed Basic Materials Companies | 1.21x |
| United States of America Market PEG Ratio | Median Figure of 2,109 Publicly-Listed Companies | 1.56x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 31.4x ÷ 13% |
2.42x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Vulcan Materials is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
Vulcan Materials's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-12-31) in USD | $39.49 |
| NYSE:VMC Share Price * | NYSE (2019-04-18) in USD | $122.8 |
| United States of America Basic Materials Industry PB Ratio | Median Figure of 13 Publicly-Listed Basic Materials Companies | 2.05x |
| United States of America Market PB Ratio | Median Figure of 5,184 Publicly-Listed Companies | 1.91x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NYSE:VMC Share Price ÷ Book Value per Share (both in USD) = 122.8 ÷ 39.49 |
3.11x |
* Primary Listing of Vulcan Materials.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Vulcan Materials is overvalued based on assets compared to the US Basic Materials industry average.
Value checks
We assess Vulcan Materials'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 Basic Materials 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 Basic Materials industry average (and greater than 0)? (1 check) Vulcan Materials has a total score of 1/6, 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.
VMC 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
- Vulcan Materials's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
- Vulcan Materials's earnings growth is positive but not above the United States of America market average.
- Vulcan Materials'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:VMC Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 15 Analysts | 13% |
| NYSE:VMC Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 15 Analysts | 5.4% |
| United States of America Basic Materials Industry Earnings Growth Rate | Market Cap Weighted Average | 15.5% |
| United States of America Basic Materials Industry Revenue Growth Rate | Market Cap Weighted Average | 5.8% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 13.4% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7% |
*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 (3 months ago) | See Below |
| Future Estimates | Average of up to 15 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | 5,646 | 971 | 1 | |
| 2022-12-31 | 5,399 | 898 | 1 | |
| 2021-12-31 | 5,222 | 1,259 | 832 | 5 |
| 2020-12-31 | 5,057 | 1,103 | 753 | 15 |
| 2019-12-31 | 4,768 | 969 | 633 | 14 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-12-31 | 4,383 | 833 | 518 |
| 2018-09-30 | 4,272 | 818 | 722 |
| 2018-06-30 | 4,127 | 765 | 652 |
| 2018-03-31 | 3,957 | 643 | 603 |
| 2017-12-31 | 3,890 | 645 | 593 |
| 2017-09-30 | 3,786 | 640 | 373 |
| 2017-06-30 | 3,699 | 645 | 408 |
| 2017-03-31 | 3,625 | 650 | 424 |
| 2016-12-31 | 3,593 | 645 | 422 |
| 2016-09-30 | 3,577 | 643 | 408 |
| 2016-06-30 | 3,607 | 610 | 389 |
| 2016-03-31 | 3,546 | 589 | 312 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 15 Analyst Estimates (S&P Global) | See Below |
All data from Vulcan Materials Company Filings, last reported 3 months 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 |
|---|---|---|---|---|
| 2023-12-31 | 7.25 | 7.25 | 7.25 | 1.00 |
| 2022-12-31 | 6.71 | 6.71 | 6.71 | 1.00 |
| 2021-12-31 | 6.24 | 6.58 | 5.82 | 4.00 |
| 2020-12-31 | 5.68 | 6.04 | 5.32 | 11.00 |
| 2019-12-31 | 4.76 | 4.89 | 4.64 | 11.00 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2018-12-31 | 3.91 |
| 2018-09-30 | 5.45 |
| 2018-06-30 | 4.92 |
| 2018-03-31 | 4.55 |
| 2017-12-31 | 4.48 |
| 2017-09-30 | 2.82 |
| 2017-06-30 | 3.08 |
| 2017-03-31 | 3.19 |
| 2016-12-31 | 3.17 |
| 2016-09-30 | 3.06 |
| 2016-06-30 | 2.91 |
| 2016-03-31 | 2.33 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess Vulcan Materials'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)
Vulcan Materials has a total score of 1/6, 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.
VMC Past Performance
How has Vulcan Materials 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
- Vulcan Materials has delivered over 20% year on year earnings growth in the past 5 years.
- Vulcan Materials's 1-year earnings growth is negative, it can't be compared to the 5-year average.
- Vulcan Materials's 1-year earnings growth is negative, it can't be compared to the US Basic Materials industry average.
Earnings and Revenue History
All data from Vulcan Materials Company Filings, last reported 3 months 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 |
|---|---|---|---|---|
| 2018-12-31 | 4,382.87 | 517.84 | 316.83 | |
| 2018-09-30 | 4,272.31 | 721.53 | 327.51 | |
| 2018-06-30 | 4,126.83 | 651.82 | 321.63 | |
| 2018-03-31 | 3,957.44 | 603.26 | 319.88 | |
| 2017-12-31 | 3,890.30 | 593.39 | 316.87 | |
| 2017-09-30 | 3,785.78 | 373.49 | 312.52 | |
| 2017-06-30 | 3,699.21 | 408.47 | 317.24 | |
| 2017-03-31 | 3,625.27 | 423.96 | 320.90 | |
| 2016-12-31 | 3,592.67 | 422.41 | 303.05 | |
| 2016-09-30 | 3,576.98 | 407.90 | 314.95 | |
| 2016-06-30 | 3,607.30 | 388.97 | 310.03 | |
| 2016-03-31 | 3,545.62 | 311.55 | 296.55 | |
| 2015-12-31 | 3,422.18 | 232.91 | 286.84 | |
| 2015-09-30 | 3,319.92 | 177.70 | 278.83 | |
| 2015-06-30 | 3,155.04 | 119.28 | 273.52 | |
| 2015-03-31 | 3,051.04 | 115.97 | 271.93 | |
| 2014-12-31 | 2,994.17 | 207.15 | 272.29 | |
| 2014-09-30 | 2,919.39 | 178.89 | 262.62 | |
| 2014-06-30 | 2,859.38 | 153.26 | 262.40 | |
| 2014-03-31 | 2,806.97 | 136.88 | 259.69 | |
| 2013-12-31 | 2,770.71 | 20.76 | 258.23 | |
| 2013-09-30 | 2,698.89 | 15.15 | 261.38 | |
| 2013-06-30 | 2,614.19 | -11.38 | 260.97 | |
| 2013-03-31 | 2,569.59 | -58.50 | 257.98 | |
| 2012-12-31 | 2,567.31 | -53.93 | 258.24 | |
| 2012-09-30 | 2,573.51 | -84.36 | 259.87 | |
| 2012-06-30 | 2,605.40 | -77.57 | 261.45 |
*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.
- Vulcan Materials has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Vulcan Materials used its assets more efficiently than the US Basic Materials industry average last year based on Return on Assets.
- Vulcan Materials has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess Vulcan Materials'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 Basic Materials 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)
Vulcan Materials 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.
VMC Health
How is Vulcan Materials'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 Vulcan Materials's finances.
The net worth of a company is the difference between its assets and liabilities.
- Vulcan Materials is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Vulcan Materials's long term commitments exceed its cash and other short term assets.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is not covered by short term assets, assets are 0.4x 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 Vulcan Materials Company Filings, last reported 3 months ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-12-31 | 5,202.90 | 2,912.38 | 40.04 |
| 2018-09-30 | 5,145.79 | 2,978.15 | 38.03 |
| 2018-06-30 | 5,020.63 | 3,136.93 | 55.06 |
| 2018-03-31 | 4,913.21 | 2,975.71 | 38.14 |
| 2017-12-31 | 4,968.89 | 2,854.87 | 141.65 |
| 2017-09-30 | 4,685.13 | 2,814.79 | 701.16 |
| 2017-06-30 | 4,602.10 | 3,335.07 | 1,129.80 |
| 2017-03-31 | 4,520.76 | 2,329.39 | 286.96 |
| 2016-12-31 | 4,572.48 | 1,982.89 | 258.99 |
| 2016-09-30 | 4,503.97 | 1,983.77 | 135.37 |
| 2016-06-30 | 4,479.33 | 1,982.66 | 91.90 |
| 2016-03-31 | 4,421.05 | 1,981.56 | 191.89 |
| 2015-12-31 | 4,454.19 | 1,980.46 | 284.06 |
| 2015-09-30 | 4,363.28 | 1,979.62 | 168.68 |
| 2015-06-30 | 4,226.96 | 2,046.36 | 74.74 |
| 2015-03-31 | 4,160.17 | 2,277.90 | 392.66 |
| 2014-12-31 | 4,176.70 | 1,984.78 | 141.27 |
| 2014-09-30 | 4,201.10 | 2,006.11 | 91.87 |
| 2014-06-30 | 4,086.19 | 2,006.54 | 227.68 |
| 2014-03-31 | 4,031.12 | 2,006.95 | 268.77 |
| 2013-12-31 | 3,938.11 | 2,522.41 | 193.74 |
| 2013-09-30 | 3,862.91 | 2,523.55 | 245.81 |
| 2013-06-30 | 3,813.52 | 2,624.58 | 86.98 |
| 2013-03-31 | 3,714.93 | 2,666.02 | 188.08 |
| 2012-12-31 | 3,761.06 | 2,677.00 | 275.48 |
| 2012-09-30 | 3,767.20 | 2,812.60 | 243.13 |
| 2012-06-30 | 3,742.94 | 2,813.54 | 158.30 |
- Vulcan Materials's level of debt (56%) 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 (63.9% vs 56% today).
- Debt is well covered by operating cash flow (28.6%, greater than 20% of total debt).
- Interest payments on debt are well covered by earnings (EBIT is 5.7x coverage).
Financial health checks
We assess Vulcan Materials'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) Vulcan Materials has a total score of 4/6, 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.
VMC Dividends
What is Vulcan Materials'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
Vulcan Materials
shares you are expected to receive
$20
in your first year as a dividend.
Dividend Amount
- Vulcan Materials's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.39%).
- Vulcan Materials's dividend is below the markets top 25% of dividend payers in United States of America (3.62%).
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 15 Analyst Estimates (S&P Global) | See Below |
| United States of America Basic Materials Industry Average Dividend Yield | Market Cap Weighted Average of 7 Stocks | 1% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 2009 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 | 3.6% |
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 |
|---|---|---|
| 2023-12-31 | 1.79 | 1.00 |
| 2022-12-31 | 1.66 | 1.00 |
| 2021-12-31 | 1.42 | 5.00 |
| 2020-12-31 | 1.28 | 11.00 |
| 2019-12-31 | 1.19 | 10.00 |
| Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-02-08 | 1.240 | 1.079 |
| 2018-10-12 | 1.120 | 1.116 |
| 2018-07-13 | 1.120 | 0.990 |
| 2018-05-11 | 1.120 | 0.868 |
| 2018-02-09 | 1.120 | 0.948 |
| 2017-10-13 | 1.000 | 0.794 |
| 2017-07-14 | 1.000 | 0.841 |
| 2017-05-12 | 1.000 | 0.782 |
| 2017-02-10 | 1.000 | 0.831 |
| 2016-10-14 | 0.800 | 0.646 |
| 2016-07-08 | 0.800 | 0.689 |
| 2016-05-13 | 0.800 | 0.684 |
| 2016-02-12 | 0.800 | 0.762 |
| 2015-10-09 | 0.400 | 0.428 |
| 2015-07-10 | 0.400 | 0.426 |
| 2015-05-08 | 0.400 | 0.450 |
| 2015-02-17 | 0.400 | 0.477 |
| 2014-10-10 | 0.240 | 0.364 |
| 2014-07-11 | 0.240 | 0.385 |
| 2014-05-09 | 0.200 | 0.319 |
| 2014-02-14 | 0.200 | 0.305 |
| 2013-10-11 | 0.040 | 0.070 |
| 2013-07-12 | 0.040 | 0.080 |
| 2013-05-10 | 0.040 | 0.077 |
| 2013-02-08 | 0.040 | 0.078 |
| 2012-10-12 | 0.040 | 0.078 |
| 2012-07-13 | 0.040 | 0.094 |
| 2012-06-01 | 0.040 | 0.110 |
| 2012-05-02 | 0.040 | 0.107 |
| 2012-04-26 | 0.040 | 0.094 |
| 2011-10-14 | 0.040 | 0.104 |
| 2011-07-08 | 1.000 | 3.093 |
| 2011-05-13 | 1.000 | 2.571 |
| 2011-02-11 | 1.000 | 2.283 |
| 2010-10-08 | 1.000 | 2.442 |
| 2010-05-14 | 1.000 | 2.362 |
| 2010-02-12 | 1.000 | 2.036 |
| 2009-10-09 | 1.000 | 2.041 |
| 2009-07-10 | 1.000 | 2.027 |
| 2009-05-08 | 1.960 | 4.487 |
| 2009-04-22 | 1.960 | 3.999 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
- Dividends per share have fallen over the past 10 years.
Income/ dividend checks
We assess Vulcan Materials'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 Vulcan Materials afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Vulcan Materials has a total score of 2/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
VMC Management
CEO
| COMPENSATION | $7,681,409 |
| AGE | 59 |
| TENURE AS CEO | 4.8 years |
CEO Bio
Mr. James Thomas Hill, also known as Tom, has been the Chief Executive Officer and President at Vulcan Materials Company since July 14, 2014. Mr. Hill served as the Chief Operating Officer and Executive Vice President of Vulcan Materials Company since January 2014 until July 2014. Mr. Hill served as Senior Vice President of South at Vulcan Materials Company since December 9, 2011 until December 2013. Mr. Hill served as the President of Florida Rock Division of Vulcan Materials Company from September 1, 2010 to December 2011. Mr. Hill served as President of Southwest Division of Vulcan Materials Co. from May 17, 2004 to September 1, 2010. Mr. Hill served as Vice President and General Manager for Vulcan Materials Co.'s Southwest Division. He has been Chairman and a Director of Vulcan Materials Company since January 1, 2016 and July 2014 respectively. Mr. Hill is a graduate of the University of Pittsburgh and the Wharton School of Business, Executive Management Program. Mr. Hill has served in leadership positions in a number of industry trade groups, including the Texas Concrete and Aggregates Association, the Florida Concrete and Products Association, and the National Stone, Sand and Gravel Association. In addition, he serves on the boards of the U.S. Chamber of Commerce, the United Way of Central Alabama, the Birmingham Business Alliance, and the Economic Development Partnership of Alabama.
CEO Compensation
- Tom's compensation has been consistent with company performance over the past year.
- Tom's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the Vulcan Materials management team in years:
- The tenure for the Vulcan Materials management team is about average.
Management Team
Tom Hill
Chairman
$8M
59
4.8 yrs
Suzanne Wood
Senior VP & CFO
$1M
57
0.6 yrs
Michael Mills
Chief Administrative Officer
$2M
58
3.2 yrs
Stan Bass
Chief Growth Officer
$3M
57
7.3 yrs
Tom Baker
Senior Vice President
$2M
60
2.1 yrs
Randy Pigg
VP, Principal Accounting Officer & Controller
45
1 yrs
Mark Warren
Director of Investor Relations
Jerry Perkins
General Counsel & Corporate Secretary
48
3.2 yrs
David Donaldson
Vice President of External Affairs & Corporate Communications
1.3 yrs
Larry Miller
Vice President of Human Resources
1.3 yrs
Board of Directors Tenure
Average tenure and age of the Vulcan Materials board of directors in years:
- The tenure for the Vulcan Materials board of directors is about average.
Board of Directors
Richard O’Brien
Director
$300K
64
10.5 yrs
Tom Hill
Chairman
$8M
59
3.3 yrs
Lee Styslinger
Director
$270K
57
6.1 yrs
O. B. Hall
Director
$283K
61
5.1 yrs
Tom Fanning
Director
$266K
61
4.2 yrs
David Steiner
Director
$263K
58
2.2 yrs
Jim Prokopanko
Lead Director
$318K
65
Cynthia Hostetler
Director
$276K
55
4.8 yrs
Kathleen Quirk
Independent Director
$261K
54
1.5 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 08. Mar 19 | Sell | David Clement | Individual | 07. Mar 19 | 07. Mar 19 | -2,789 | $114.28 | $-318,723 | ||
| 08. Nov 18 | Buy | James Hill | Individual | 06. Nov 18 | 06. Nov 18 | 1,955 | $104.01 | $198,736 | ||
Management checks
We assess Vulcan Materials'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) Vulcan Materials 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.
VMC News
Simply Wall St News
The Vulcan Materials (NYSE:VMC) Share Price Has Gained 89% And Shareholders Are Hoping For More
To wit, the Vulcan Materials share price has climbed 89% in five years, easily topping the market return of 47% (ignoring dividends). … One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). … During five years of share price growth, Vulcan Materials achieved compound earnings per share (EPS) growth of 90% per year.
Simply Wall St - – Full articleNeed To Know: Vulcan Materials Company (NYSE:VMC) Insiders Have Been Selling Shares
So before you buy or sell Vulcan Materials Company (NYSE:VMC), you may well want to know whether insiders have been buying or selling. … The Last 12 Months Of Insider Transactions At Vulcan Materials. … That means that an insider was selling shares at slightly below the current price (US$120).
Simply Wall St - – Full articleIs Vulcan Materials Company (NYSE:VMC) Potentially Undervalued?
led the NYSE gainers with a relatively large price hike in the past couple of weeks. … As a large-cap stock with high coverage by analysts, you could assume any recent changes in the company’s outlook is already priced into the stock … However, could the stock still be trading at a relatively cheap price?
Simply Wall St - – Full articleWhat Should Investors Know About Vulcan Materials Company's (NYSE:VMC) Future?
After Vulcan Materials Company's (NYSE:VMC) earnings announcement on 31 December 2018, … the consensus outlook from analysts appear fairly confident, … with profits predicted to increase by 24% next year,
Simply Wall St - – Full articleDespite Its High P/E Ratio, Is Vulcan Materials Company (NYSE:VMC) Still Undervalued?
We'll show how you can use Vulcan Materials Company's (NYSE:VMC) P/E ratio to inform your assessment of the investment opportunity. … Based on the last twelve months, Vulcan Materials's P/E ratio is 29.15. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)
Simply Wall St - – Full articleVulcan Materials Company (NYSE:VMC): How To Win In A Volatile Market
This is the best time to buy stocks like Vulcan Materials Company at a discount. … View our latest analysis for Vulcan Materials. … Vulcan Materials Company produces and supplies construction materials primarily in the United States
Simply Wall St - – Full articleVulcan Materials Company (NYSE:VMC): What’s In It For The Shareholders?
Vulcan Materials Company (NYSE:VMC) shareholders, and potential investors, need to understand how much cash the business makes from its core operational activities, as well as how much is invested back into the business. … I will take you through Vulcan Materials’s cash flow health and the risk-return concept based on the stock’s cash flow yield, using the most recent financial data. … Free cash flow (FCF) is the amount of cash Vulcan Materials has left after it pays off its expenses, including its net capital expenditures, which is what the company needs to spend each year to maintain or grow its business operations.
Simply Wall St - – Full articleInterested In Vulcan Materials Company (NYSE:VMC)? Here's How It Performed Recently
Assessing Vulcan Materials Company's (NYSE:VMC) performance as a company requires looking at more than just a years' earnings data. … Below, I will run you through a simple sense check to build perspective on how Vulcan Materials is doing by comparing its most recent earnings with its historical trend, in addition to the performance of its basic materials industry peers. … Furthermore, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of 35%, indicating the rate at which VMC is growing has slowed down
Simply Wall St - – Full articleShould You Be Pleased About The CEO Pay At Vulcan Materials Company's (NYSE:VMC)
In 2014 Tom Hill was appointed CEO of Vulcan Materials Company (NYSE:VMC). … This report will, first, examine the CEO compensation levels in comparison to CEO compensation at other big companies. … How Does Tom Hill's Compensation Compare With Similar Sized Companies?
Simply Wall St - – Full articleBoasting A 14% Return On Equity, Is Vulcan Materials Company (NYSE:VMC) A Top Quality Stock?
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. … Our data shows Vulcan Materials has a return on equity of 14% for the last year. … Return on Equity = Net Profit ÷ Shareholders' Equity
Simply Wall St - – Full articleVMC Company Info
Description
Vulcan Materials Company produces and supplies construction materials primarily in the United States. The company operates through four segments: Aggregates, Asphalt, Concrete, and Calcium. The Aggregates segment provides crushed stones, sand and gravel, sand, and other aggregates; and related products and services that are applied in construction and maintenance of highways, streets, and other public works, as well as in the construction of housing and commercial, industrial, and other nonresidential facilities. The Asphalt Mix segment offers asphalt mix in Alabama, Arizona, California, New Mexico, Tennessee, and Texas. The Concrete segment provides ready-mixed concrete in California, Maryland, New Mexico, Texas, Virginia, Washington D.C., and the Bahamas. The Calcium segment mines, produces, and sells calcium products for the animal feed, plastics, and water treatment industries. The company was formerly known as Virginia Holdco, Inc. Vulcan Materials Company was founded in 1909 and is headquartered in Birmingham, Alabama.
Details
| Name: | Vulcan Materials Company |
| VMC | |
| Exchange: | NYSE |
| Founded: | 1909 |
| $16,217,953,347 | |
| 132,068,024 | |
| Website: | http://www.vulcanmaterials.com |
| Address: |
Vulcan Materials Company 1200 Urban Center Drive, Birmingham, Alabama, 35242, United States |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NYSE | VMC | Common Stock | New York Stock Exchange | US | USD | 02. Jan 1968 | |
| DB | VMC | Common Stock | Deutsche Boerse AG | DE | EUR | 02. Jan 1968 | |
| LSE | 0LRK | Common Stock | London Stock Exchange | GB | USD | 02. Jan 1968 |
Number of employees
Current staff
Industry
| Construction Materials | |
| Materials |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/04/21 23:43 |
| End of day share price update: | 2019/04/18 00:00 |
| Last estimates confirmation: | 2019/04/18 |
| Last earnings filing: | 2019/02/26 |
| Last earnings reported: | 2018/12/31 |
| 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.
