VMC Vulcan Materials Company
too hard · 59
Owner-earnings value$115.83
Price$244.13
Margin of safety
-52.6%
Quality gate · 59/100
⚠ sub-hurdle returns (median roic 9% < 9%)
Median ROIC8.9%
Gross margin27.5%
Net debt / EBITDA2.3x
FCF conversion90%
Share count / yr-0.6%
Profitable years4/4
Moat & management
Owner-earnings inputs
| Owner earnings (TTM) | 1.03B |
| Owner-earnings yield | 3.2% |
| Free-cash-flow yield | 3.2% |
| Growth used (normalized) | 2.8% |
| Market-implied growth (reverse DCF) | 21.5% |
| Terminal growth | 3.0% |
| Discount rate (hurdle) | 10.0% |
Projected owner earnings
| Yr | Owner earnings | Growth | PV |
|---|---|---|---|
| 1 | 1.06B | 2.8% | 959.87M |
| 2 | 1.09B | 2.8% | 897.16M |
| 3 | 1.12B | 2.8% | 838.76M |
| 4 | 1.15B | 2.8% | 784.35M |
| 5 | 1.18B | 2.9% | 733.65M |
| 6 | 1.21B | 2.9% | 686.40M |
| 7 | 1.25B | 2.9% | 642.34M |
| 8 | 1.29B | 2.9% | 601.26M |
| 9 | 1.33B | 3.0% | 562.94M |
| 10 | 1.37B | 3.0% | 527.20M |
⚠ maintenance capex ≈ min(capex, D&A), capped at FCF · Price pays for ~22%/yr owner-earnings growth over 10y (reverse DCF); model credits 3%.