Valmont Industries Inc. (VMI) intrinsic value & 10-year financials
Valmont Industries Inc. (VMI) has a Graham intrinsic value of $354.89 per share. At $444.53 on Oct 17, 2026, the stock trades 25% above that value. Over the last 10 fiscal years revenue grew 5.6% a year to $4.1B, with an average return on invested capital of 12.3%.
- Graham intrinsic value
- $354.89
- Share price (Oct 17, 2026)
- $444.53
- Price vs Graham value
- 25% above
- Market cap
- $8.9B
- Revenue (FY2025)
- $4.1B
- Revenue growth (10-yr CAGR)
- 5.6%
- ROIC (10-yr avg)
- 12.3%
- Free cash flow (FY2025)
- $311.4M
VMI 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $4.1B | $350.3M | $16.79 | $311.4M | 10.1% | 16.9% |
| FY2024 | $4.1B | $348.3M | $17.19 | $493.2M | 12.9% | 16.8% |
| FY2023 | $4.2B | $150.8M | $6.78 | $210.0M | 7.0% | 7.5% |
| FY2022 | $4.3B | $250.9M | $11.62 | $233.0M | 10.0% | 12.8% |
| FY2021 | $3.5B | $195.6M | $9.10 | -$41.9M | 8.2% | 11.2% |
| FY2020 | $2.9B | $142.1M | $6.57 | $209.6M | 7.8% | 10.5% |
| FY2019 | $2.8B | $159.5M | $7.06 | $210.2M | 8.6% | 11.7% |
| FY2018 | $2.8B | $100.3M | $4.20 | $81.0M | 7.3% | 9.9% |
| FY2017 | $2.7B | $122.3M | $5.11 | $90.5M | 9.7% | 10.7% |
| FY2016 | $2.5B | $178.4M | $7.63 | $161.2M | 9.7% | 15.2% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
VALMONT INDUSTRIES INC has demonstrated mature, steady growth, with revenue compounding at 5.6% annually over the past decade.
VALMONT INDUSTRIES INC returns on capital have been average, hovering around 12.3% ROIC over the decade.
Over the decade, VALMONT INDUSTRIES INC shows that management has aggressively returned capital to shareholders by retiring 12.2% of outstanding shares, and that the company has leveraged its balance sheet to sustain operations.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, VALMONT INDUSTRIES INC is modeled at 8.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $354.89 per share.