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Vulcan Materials Co (VMC)

Fair Value
Basic MaterialsBuilding MaterialsUnited States

Fundamental

68

Price

$244.63

Market Cap

$31.90B

Part 1 · What the company is worth

Overview

Vulcan Materials Company produces and supplies construction aggregates in the United States. It operates through three segments: Aggregates, Asphalt, and Concrete. The company provides crushed stone, sand and gravel, sand, and other aggregates for use 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; aggregates that are used as ballast for construction and maintenance of railroad tracks; riprap and jetty stones for use in erosion control along roads and waterways; asphalt mix; asphalt construction paving services; and ready-mixed concrete products. The company was formerly known as Virginia Holdco, Inc. and changed its name to Vulcan Materials Company. Vulcan Materials Company was founded in 1909 and is headquartered in Birmingham, Alabama.

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Direct competitors

Who this company fights with for the same customers

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No competitor list for this company yet.

Balance Sheet & Liquidity

Revenue

$8.06B

Trailing 12 months (through 3/31/2026)

Net Income

$1.11B

Trailing 12 months (through 3/31/2026)

Free Cash Flow

$1.14B

Total Equity

$8.53B

Total Liabilities

$8.15B

Current Ratio

2.59

Interest Coverage

7.09

Debt/EBITDA

2.17

Earnings Per Share

Revenue & Net Income

Free Cash Flow

Income Breakdown

Historical statement

Margins over time

Debt over time

How heavy the debt is

Growth grid

Growth — Revenue

Fair Value Estimation

CyclicalFairly Valued

Fair Value

$218.44

Current Price

$244.63

Margin of Safety

-12.0%

Fair Value Range

$141.99 - $294.90

Spread across the valuation methods used, not a statistically calibrated confidence interval.

Estimation Methods

Analyst price target:$321.78
Discounted cash flow (DCF):Not applicable to this type of company
Earnings multiple (P/E):$202.79
Graham growth formula:Not applicable to this type of company
Earnings power value (EPV):$98.63
Justified P/B:Not applicable to this type of company
Dividend discount (Gordon):Not applicable to this type of company
P/FFO, funds from operations:Not applicable to this type of company
Mid-cycle earnings:$204.76
Revenue multiple:Not applicable to this type of company
Analyst Consensus:Buy (19B / 10H / 1S)
Last Earnings Surprise:+0.73%

Valuation Metrics

P/E Ratio

29.12

ROE

12.6%

P/B Ratio

3.76

P/FCF

28.43

Gross Margin

27.7%

ROIC

8.4%

Profitability Radar

Value Creation (Economic Moat)

ROIC

8.4%

WACC

9.2%

ROIC − WACC

-0.8 pp

ROIC is roughly in line with the cost of capital — the company is barely covering its capital cost.

Fundamental Analysis Criteria

Passed (18)

  • EPS shows upward trend
  • Price CAGR 7.28%
  • ROIC 8.4%
  • P/FCF 28.43
  • Debt/Equity ratio
  • Operating Margin 20.6%
  • Positive Free Cash Flow
  • Current Ratio
  • Interest Coverage
  • Debt/EBITDA
  • Return on Tangible Assets
  • ROE 13.1%
  • Revenue Growth 5Y 10.3%
  • Analyst Consensus 63% Buy
  • Earnings Quality (OCF/NI) 1.62
  • Share Dilution -0.3%
  • Net Margin Trend 13.8% vs 12.5%
  • Piotroski F-Score 9/9

Failed (9)

  • EPS CAGR 3.28%
  • Gross Margin 27.7%
  • P/B Ratio 3.76
  • CapEx intensity
  • Low reliance on intangibles
  • Price below Graham Number
  • DCF valuation (Overvalued)
  • Earnings Surprise avg 0.8%
  • PEG Ratio 2.16

Unavailable (1)

  • Dividend Payout NaN%

Piotroski F-Score

9/9

Strong financial health

score
criteria

Earnings Quality

1.62

High quality: earnings backed by cash

Share Dilution

-0.3%

Buying back shares. Shareholder friendly

Institutional Holdings

Governance

Executive Team

NameTitleAge
Mr. James Thomas HillExecutive Chairman of the Board66
Mr. Ronnie A. PruittCEO & Director54
Ms. Mary Andrews CarlisleSenior VP & CFO44
Mr. David P. ClementSenior Vice President of Operations Support, Procurement & Strategic Sourcing65
Mr. Randy L. PiggVP, Principal Accounting Officer & Controller52
Mr. Krzysztof SoltanChief Information Officer-
Mr. Jerry F. Perkins Jr.Chief Administrative Officer55
Mr. Mark D. WarrenVice President of Investor Relations-
Ms. Janet F. KavinokyVice President of External Affairs & Corporate Communications-
Mr. Mitesh B. ShahSenior VP & Chief Human Resources Officer47

Audit Risk

7

Board Risk

6

Compensation Risk

3

Shareholder Rights Risk

7

Part 2 · The price and when to enter

This part won't tell you whether the company is worth owning: it helps you choose when to buy it, once the fundamentals have convinced you. Inside: technical analysis, potential, historical drawdowns, gamma exposure.

Documents

  • Annual Report (10-K)

    A yearly overview of the business, its financial results, and the risks it faces.

    Filed on 2026-02-19

    View document
  • Quarterly Report (10-Q)

    A snapshot of financial performance for the most recent three-month period.

    Filed on 2026-07-29

    View document
  • Current Report (8-K)

    An announcement of a major event, such as a leadership change or big news.

    Filed on 2026-07-29

    View document

via SEC EDGAR

Income History

via SEC EDGAR

Latest News

Recent headlines for VMC, sourced from Markets Gazette.

  • 22d agoNEGATIVE
    Mexico Breached NAFTA in Vulcan Materials Dispute, ICSID Finds

    An international arbitration ruling by ICSID found that Mexico breached its North American Free Trade Agreement (NAFTA) obligations in its dealings with Vulcan Materials Co.'s limestone operations. This decision contradicts Mexico's prior claims of a favorable outcome and highlights significant legal and regulatory risks for foreign investors operating within the country. The ruling could impact future foreign direct investment into Mexico and may lead to calls for increased governmental oversight and compliance with international trade agreements. Investors in Vulcan Materials may see this as a positive development, potentially leading to compensation or a more favorable operating environment.

  • 5/25/2026POSITIVE
    Here's How Much $1000 Invested In Vulcan Materials 15 Years Ago Would Be Worth Today

    An investment of $1000 in Vulcan Materials Company 15 years ago would have grown to approximately $7,500 today, representing a significant return on investment. This performance highlights the company's sustained growth and operational efficiency over the past decade and a half. Vulcan Materials, a leading producer of construction aggregates, has benefited from infrastructure spending and a robust housing market. Investors who held the stock have seen substantial capital appreciation, underscoring the company's resilience and strategic market positioning.

  • 3/2/2026POSITIVE
    Here's How Much You Would Have Made Owning Vulcan Materials Stock In The Last 15 Years

    Markets Gazette highlights the remarkable historical performance of Vulcan Materials Company (VMC) over the past fifteen years. Investors who held the company's shares have witnessed significant returns, showcasing the robustness and consistent growth of the construction materials giant. This positive trajectory underscores the sector's resilience and VMC's ability to generate long-term value, making it an interesting case study for those considering durable investments in the infrastructure and materials sector. While past performance is not indicative of future results, it offers an encouraging perspective on the stability and capital appreciation potential for shareholders.

via Markets Gazette