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VMC (Vulcan Materials Co) Piotroski F-Score : 7 (As of Oct. 31, 2024)


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What is Vulcan Materials Co Piotroski F-Score?

Good Sign:

Piotroski F-Score is 7, indicates a very healthy situation.

The zones of discrimination were as such:

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Vulcan Materials Co has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

The historical rank and industry rank for Vulcan Materials Co's Piotroski F-Score or its related term are showing as below:

VMC' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 9
Current: 7

During the past 13 years, the highest Piotroski F-Score of Vulcan Materials Co was 9. The lowest was 3. And the median was 6.


Vulcan Materials Co Piotroski F-Score Historical Data

The historical data trend for Vulcan Materials Co's Piotroski F-Score can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Vulcan Materials Co Piotroski F-Score Chart

Vulcan Materials Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.00 6.00 6.00 5.00 8.00

Vulcan Materials Co Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 8.00 8.00 9.00 7.00 -

Competitive Comparison of Vulcan Materials Co's Piotroski F-Score

For the Building Materials subindustry, Vulcan Materials Co's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Vulcan Materials Co's Piotroski F-Score Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Vulcan Materials Co's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Vulcan Materials Co's Piotroski F-Score falls into.


How is the Piotroski F-Score calculated?

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

This Year (Sep24) TTM:Last Year (Sep23) TTM:
Net Income was 227.4 + 102.7 + 308 + 207.6 = $846 Mil.
Cash Flow from Operations was 481.6 + 173.4 + 201.1 + 595 = $1,451 Mil.
Revenue was 1834.3 + 1545.7 + 2014.4 + 2003.9 = $7,398 Mil.
Gross Profit was 472.2 + 304.9 + 592.2 + 565.2 = $1,935 Mil.
Average Total Assets from the begining of this year (Sep23)
to the end of this year (Sep24) was
(14620.5 + 14545.7 + 13910.9 + 14216.4 + 14351.9) / 5 = $14329.08 Mil.
Total Assets at the begining of this year (Sep23) was $14,621 Mil.
Long-Term Debt & Capital Lease Obligation was $3,833 Mil.
Total Current Assets was $2,213 Mil.
Total Current Liabilities was $774 Mil.
Net Income was 119.4 + 120.7 + 308.6 + 276.5 = $825 Mil.

Revenue was 1731.9 + 1649 + 2112.9 + 2185.8 = $7,680 Mil.
Gross Profit was 349.9 + 302 + 583.3 + 591 = $1,826 Mil.
Average Total Assets from the begining of last year (Sep22)
to the end of last year (Sep23) was
(14615.8 + 14234.6 + 14076.9 + 14333.6 + 14620.5) / 5 = $14376.28 Mil.
Total Assets at the begining of last year (Sep22) was $14,616 Mil.
Long-Term Debt & Capital Lease Obligation was $4,390 Mil.
Total Current Assets was $2,701 Mil.
Total Current Liabilities was $864 Mil.

*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.

Profitability

Question 1. Return on Assets (ROA)

Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Vulcan Materials Co's current Net Income (TTM) was 846. ==> Positive ==> Score 1.

Question 2. Cash Flow Return on Assets (CFROA)

Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Vulcan Materials Co's current Cash Flow from Operations (TTM) was 1,451. ==> Positive ==> Score 1.

Question 3. Change in Return on Assets

Compare this year's return on assets (1) to last year's return on assets.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Sep23)
=845.7/14620.5
=0.05784344

ROA (Last Year)=Net Income/Total Assets (Sep22)
=825.2/14615.8
=0.05645945

Vulcan Materials Co's return on assets of this year was 0.05784344. Vulcan Materials Co's return on assets of last year was 0.05645945. ==> This year is higher. ==> Score 1.

Question 4. Quality of Earnings (Accrual)

Compare Cash flow return on assets (2) to return on assets (1)

Score 1 if CFROA > ROA, 0 if CFROA <= ROA.

Vulcan Materials Co's current Net Income (TTM) was 846. Vulcan Materials Co's current Cash Flow from Operations (TTM) was 1,451. ==> 1,451 > 846 ==> CFROA > ROA ==> Score 1.

Funding

Question 5. Change in Gearing or Leverage

Compare this year's gearing (long-term debt divided by average total assets) to last year's gearing.

Score 0 if this year's gearing is higher, 1 otherwise.

Gearing (This Year: Sep24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep23 to Sep24
=3832.7/14329.08
=0.26747705

Gearing (Last Year: Sep23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep22 to Sep23
=4390.3/14376.28
=0.30538498

Vulcan Materials Co's gearing of this year was 0.26747705. Vulcan Materials Co's gearing of last year was 0.30538498. ==> This year is lower or equal to last year. ==> Score 1.

Question 6. Change in Working Capital (Liquidity)

Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.

Score 1 if this year's current ratio is higher, 0 if it's lower

Current Ratio (This Year: Sep24)=Total Current Assets/Total Current Liabilities
=2212.9/774.1
=2.85867459

Current Ratio (Last Year: Sep23)=Total Current Assets/Total Current Liabilities
=2701.2/864.2
=3.12566536

Vulcan Materials Co's current ratio of this year was 2.85867459. Vulcan Materials Co's current ratio of last year was 3.12566536. ==> Last year's current ratio is higher ==> Score 0.

Question 7. Change in Shares in Issue

Compare the number of shares in issue this year, to the number in issue last year.

Score 0 if there is larger number of shares in issue this year, 1 otherwise.

Vulcan Materials Co's number of shares in issue this year was 133. Vulcan Materials Co's number of shares in issue last year was 133.7. ==> There is smaller number of shares in issue this year, or the same. ==> Score 1.

Efficiency

Question 8. Change in Gross Margin

Compare this year's gross margin (Gross Profit divided by sales) to last year's.

Score 1 if this year's gross margin is higher, 0 if it's lower.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=1934.5/7398.3
=0.26147899

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=1826.2/7679.6
=0.23779884

Vulcan Materials Co's gross margin of this year was 0.26147899. Vulcan Materials Co's gross margin of last year was 0.23779884. ==> This year's gross margin is higher. ==> Score 1.

Question 9. Change in asset turnover

Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.

Score 1 if this year's asset turnover ratio is higher, 0 if it's lower

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Sep23)
=7398.3/14620.5
=0.50602237

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Sep22)
=7679.6/14615.8
=0.52543138

Vulcan Materials Co's asset turnover of this year was 0.50602237. Vulcan Materials Co's asset turnover of last year was 0.52543138. ==> Last year's asset turnover is higher ==> Score 0.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=1+1+1+1+1+0+1+1+0
=7

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Vulcan Materials Co has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

Vulcan Materials Co  (NYSE:VMC) Piotroski F-Score Explanation

The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.

He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.

In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).

He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.

What he found was something that exceeded his most optimistic expectations.

Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.

Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).

Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.


Vulcan Materials Co Piotroski F-Score Related Terms

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Vulcan Materials Co Business Description

Traded in Other Exchanges
Address
1200 Urban Center Drive, Birmingham, AL, USA, 35242
Vulcan Materials is the United States' largest producer of construction aggregates (crushed stone, sand, and gravel). Its largest markets include Texas, California, Virginia, Tennessee, Georgia, Florida, North Carolina, and Alabama. In 2023, Vulcan sold 234.3 million tons of aggregates, 13.4 million tons of asphalt mix, and 7.5 million cubic yards of ready-mix. As of Dec. 31, 2022, the company had nearly 16 billion tons of aggregates reserves.
Executives
J Thomas Hill officer: Sr VP - South Region 1200 URBAN CENTER DRIVE, BIRMINGHAM AL 35242
David P Clements officer: Senior Vice President, Central 1200 URBAN CENTER DRIVE, BIRMINGHAM AL 35242
Baker Thompson S Ii officer: Senior Vice President 200 W. FORSYTH STREET, 7TH FLOOR, JACKSONVILLE FL 32202
Franklin Denson N. Iii officer: SVP & General Counsel 1200 URBAN CENTER DRIVE, BIRMINGHAM AL 35242
Melissa H. Anderson director ALBEMARLE CORPORATION, 4250 CONGRESS ST. SUITE 900, CHARLOTTE NC 28209
Stanley G Bass officer: Chief Growth Officer 1200 URBAN CENTER DRIVE, BIRMINGHAM AL 35242
Randy L. Pigg officer: Vice President and Controller 1200 URBAN CENTER DRIVE, BIRMINGHAM AL 35242
Mary Andrews Carlisle officer: SVP and CFO 1200 URBAN CENTER DRIVE, BIRMINGHAM AL 35242
Lydia H Kennard director 155 N LAKE AVE, PASADENA CA 91101
Darren L. Hicks officer: Chief Human Resources Officer 1200 URBAN CENTER DRIVE, BIRMINGHAM AL 35242
Perkins Jerry F Jr officer: General Counsel and Secetary 1200 URBAN CENTER DRIVE, BIRMINGHAM AL 35242
Jason P Teter officer: President, S&GC Division 1200 URBAN CENTER DRIVE, BIRMINGHAM AL 35242
Ronnie A Pruitt officer: Senior Vice President C/O U.S. CONCRETE, INC., 331 N. MAIN STREET, EULESS TX 76039
David P Steiner director 1001 FANNIN ST, STE 4000, HOUSTON TX 77002
George Willis director 55 GLENLAKE PARKWAY, NE, ATLANTA GA 30328