Valero Energy Corporation Financial Ratios — VLO Stock

Profitability (USD)

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Return on Common Equity (%)	13.29	12.09	14.51	18.09	19.37	11.29	19.35	14.3	11.14	-7	5	54.91	35.41	10.89	9.74
Return on Assets (%)	5.2	4.77	5.93	7.82	8.89	5.06	8.44	6.22	4.66	-2.69	1.7	19.4	14.25	4.5	3.98
Return on Capital (%)	9.86	9.29	11.47	14.11	14.83	8.69	- -	10.26	7.42	- -	3.05	31.76	22.64	7.44	7.41
Return on Invested Capital (%)	9.27	12.87	9.78	13.71	14.53	9.02	- -	10.85	9	- -	4.83	31.62	22.14	7.33	8.01
Gross Margin (%)	3.37	4.21	3.41	5.06	8.05	5.68	4.74	4.74	4.36	-1.21	2.7	9.5	8.9	3.66	4.38
EBITDA Margin (%)	4.14	4.84	4.11	5.8	9.34	7.25	5.9	5.67	5.62	1.19	3.98	10.33	10.06	5.03	6.09
Operating Margin (%)	2.92	3.71	2.87	4.51	7.24	4.74	3.79	3.91	3.54	-2.43	1.87	8.93	8.19	2.89	3.51
Incremental Operating Margin (%)	4.12	11.69	367.71	-26.9	-1.06	22.79	-0.15	4.38	8.45	- -	7.56	21.83	12.31	54.44	-7.74
Pretax Margin (%)	2.64	3.43	2.88	4.24	6.8	4.21	3.41	3.62	3.22	-3.1	1.35	8.68	8.13	2.85	2.45
Profit Margin (%)	1.66	1.51	1.97	2.77	4.54	3.03	4.33	2.67	2.24	-2.19	0.82	6.54	6.1	2.13	1.91
Net Income to Common Margin (%)	1.66	1.51	1.97	2.77	4.54	3.03	4.33	2.67	2.24	-2.19	0.82	6.54	6.1	2.13	1.91
Effective Tax Rate (%)	36.91	34.3	31.54	32.01	31.32	24.04	- -	20.77	20.14	- -	16.53	22.39	22.26	18.71	25.26
Dvd Payout Ratio (%)	8.07	11.57	16.92	14.37	20.13	43.65	29.24	38.2	47.43	-201.77	97.33	12.77	15.34	42.69	65.53
Sustainable Growth Rate (%)	12.22	10.69	12.05	15.49	15.47	6.36	13.69	8.84	5.86	-21.12	0.13	47.89	29.97	6.24	3.36

Credit (USD)

Credit Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Debt	7,741	7,049	6,564	6,386	7,335	8,001	8,872	9,109	10,962	15,847	15,125	12,722	12,637	11,540	11,703
ST Debt	1,009	586	303	606	127	115	122	238	825	1,008	1,579	1,420	1,766	1,121	1,368
LT Debt	6,732	6,463	6,261	5,780	7,208	7,886	8,750	8,871	10,137	14,839	13,546	11,302	10,871	10,419	10,335
Total Debt/EBITDA	1.48	1.05	1.16	0.84	0.89	1.46	1.6	1.37	1.8	20.53	3.34	0.7	0.87	1.77	1.57
Net Debt/EBITDA	1.29	0.79	0.4	0.36	0.39	0.58	0.54	0.92	1.16	14.72	2.15	0.37	0.42	0.89	0.79
Total Debt/EBIT	2.1	1.37	1.66	1.08	1.15	2.23	2.49	1.99	2.86	-10.04	7.1	0.81	1.07	3.07	2.71
Net Debt/EBIT	1.83	1.04	0.57	0.46	0.51	0.89	0.85	1.34	1.85	-7.2	4.58	0.43	0.51	1.55	1.38
EBITDA to Interest Expense	13	21.35	15.55	19.12	18.94	12.3	11.86	14.13	13.42	1.37	7.52	32.43	24.59	11.74	13.44
EBITDA-CapEx/Interest Expense	13	21.35	15.55	19.12	18.94	12.3	11.86	13.45	13.41	1.37	7.52	32.43	24.59	11.74	13.44
EBIT to Interest Expense	9.18	16.34	10.84	14.87	14.68	8.05	7.61	9.73	8.45	-2.8	3.53	28.03	20.03	6.75	7.76
Interest Expense	401	314	365	397	433	446	468	470	454	563	603	562	592	556	556
Common Equity/Total Assets	38.39	40.54	41.18	45.39	46.41	43.37	43.84	43.2	40.48	36.31	31.84	38.64	41.78	40.76	40.91
Long-Term Debt/Equity (%)	40.94	35.72	31.39	27.21	33.75	37.82	38.21	39.03	44.98	75.55	68.36	44.38	38.11	37.86	38.85
Long-Term Debt/Capital (%)	27.83	25.7	23.62	20.92	25.12	27.33	27.54	27.86	30.26	41.81	38.77	29.59	26.41	26.67	26.98
Long-Term Debt/Total Assets (%)	15.74	14.53	13.25	12.69	16.3	17.08	17.44	17.69	18.82	28.66	23.4	18.53	17.24	17.32	17.82
Total Debt/Equity (%)	47.07	38.96	32.91	30.06	34.35	38.37	38.74	40.07	48.64	80.68	76.32	49.95	44.3	41.93	43.99
Total Debt/Capital (%)	32.01	28.03	24.76	23.11	25.57	27.73	27.92	28.61	32.72	44.65	43.29	33.31	30.7	29.54	30.55
Total Debt/Total Assets (%)	18.09	15.85	13.89	14.02	16.58	17.33	17.69	18.16	20.35	30.61	26.13	20.86	20.04	19.19	20.18
Net Debt to Equity	40.85	29.43	11.39	12.7	15.08	15.27	13.2	26.95	31.46	57.86	49.19	26.59	21.39	21.1	22.29
Net Debt/Capital (%)	29	22.74	10.23	11.27	13.11	13.25	11.66	21.23	22.93	35.32	31.63	20.32	17.07	16.88	17.64
EBITDA	5,214	6,704	5,677	7,592	8,200	5,484	5,549	6,641	6,091	772	4,535	18,224	14,559	6,529	7,470
EBITDA-CapEx	5,214	6,704	5,677	7,592	8,200	5,484	5,549	6,321	6,088	772	4,535	18,224	14,559	6,529	7,470
Operating Income (Loss)	3,680	5,130	3,957	5,902	6,358	3,590	3,563	4,572	3,836	-1,579	2,130	15,751	11,858	3,755	4,312

Liquidity (USD)

Liquidity Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Cash Ratio	0.08	0.14	0.33	0.37	0.59	0.58	0.53	0.28	0.2	0.36	0.24	0.28	0.32	0.3	0.33
Current Ratio	1.26	1.38	1.47	1.66	2.13	2.02	1.74	1.65	1.44	1.71	1.26	1.38	1.56	1.53	1.65
Quick Ratio	0.78	0.84	1	0.97	1.26	1.29	1.15	0.96	0.88	1.01	0.86	0.96	1.07	0.99	1.03
CFO/Avg Current Liab	0.38	0.43	0.44	0.37	0.66	0.63	0.57	0.4	0.46	0.08	0.45	0.73	0.54	0.41	0.39
Common Equity/Total Assets	38.39	40.54	41.18	45.39	46.41	43.37	43.84	43.2	40.48	36.31	31.84	38.64	41.78	40.76	40.91
Long-Term Debt/Equity (%)	40.94	35.72	31.39	27.21	33.75	37.82	38.21	39.03	44.98	75.55	68.36	44.38	38.11	37.86	38.85
Long-Term Debt/Capital (%)	27.83	25.7	23.62	20.92	25.12	27.33	27.54	27.86	30.26	41.81	38.77	29.59	26.41	26.67	26.98
Long-Term Debt/Total Assets (%)	15.74	14.53	13.25	12.69	16.3	17.08	17.44	17.69	18.82	28.66	23.4	18.53	17.24	17.32	17.82
Total Debt/Equity (%)	47.07	38.96	32.91	30.06	34.35	38.37	38.74	40.07	48.64	80.68	76.32	49.95	44.3	41.93	43.99
Total Debt/Capital (%)	32.01	28.03	24.76	23.11	25.57	27.73	27.92	28.61	32.72	44.65	43.29	33.31	30.7	29.54	30.55
Total Debt/Total Assets (%)	18.09	15.85	13.89	14.02	16.58	17.33	17.69	18.16	20.35	30.61	26.13	20.86	20.04	19.19	20.18
CFO/Total Liabilities	15.33	19.98	20.37	17.45	24.53	19.04	20.11	15.94	17.66	2.95	15.39	35.41	26.73	20.49	18.56
CFO/CapEx	- -	- -	- -	- -	- -	- -	- -	13.66	1,843.67	- -	- -	- -	- -	- -	- -
Altman's Z-Score	4.09	4.56	4.52	4.8	4.36	3.65	4.01	4.39	3.97	2.54	3.37	5.59	4.89	4.36	4.66

Working Capital (USD)

Working Capital Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Accounts Receivable Turnover	19.46	16.85	16.59	18.57	18.27	15.45	15.07	17	14.4	10.09	15.43	17.02	13.28	12.51	12.96
Days Sales Outstanding	18.76	21.66	22	19.65	19.98	23.62	24.22	21.47	25.34	36.17	23.66	21.45	27.48	29.18	28.17
Inventory Turnover	23.03	22.86	22.74	20.07	12.9	12.3	14.81	17.26	15.3	10.07	18.03	24.53	18.4	16.31	15.28
Days Inventory Outstanding	15.85	15.96	16.05	18.19	28.3	29.68	24.65	21.14	23.86	36.25	20.25	14.88	19.84	22.38	23.88
Accounts Payable Turnover	15.39	14.12	13.81	14.99	13.72	12.64	12.27	13.18	11.07	7.95	11.96	12.7	10.49	10.16	10.54
Accounts Payable Turnover Days	23.72	25.84	26.43	24.35	26.61	28.88	29.75	27.7	32.96	45.92	30.51	28.75	34.79	35.92	34.63
Cash Conversion Cycle	10.88	11.79	11.63	13.49	21.67	24.42	19.12	14.92	16.24	26.5	13.4	7.58	12.53	15.65	17.42
Inventory to Cash Days	2.91	5.7	5.94	1.46	-8.32	-6.06	-0.43	0.33	1.48	-0.08	3.41	6.57	7.64	6.8	4.29
Inventories	5,623	5,973	5,758	6,623	5,898	5,709	6,384	6,532	7,013	6,038	6,265	6,752	7,583	7,761	7,591
Raw Materials	2,887	2,866	2,527	2,697	2,890	2,556	2,925	2,879	2,979	2,613	2,698	3,173	3,793	3,745	3,409
Work In Process	2,474	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	2,736	3,107	3,231	3,926	3,774	3,153	3,459	3,653	4,034	3,425	3,567	3,579	3,790	4,016	4,182
Other Inventory	-2,474	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

Enterprise Value API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Market Capitalization	10,707	17,209	26,993	25,458	33,449	30,742	39,880	31,307	38,330	23,103	30,735	47,208	43,329	38,599	48,664
- Cash & Cash Equivalents	1,024	1,723	4,292	3,689	4,114	4,816	5,850	2,982	2,583	3,313	4,122	4,862	5,424	4,657	4,688
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	22	63	486	567	827	830	909	1,064	733	841	1,387	1,907	2,178	3,009	2,880
+ Total Debt	7,741	7,049	6,564	6,386	7,335	8,001	8,872	9,109	10,962	15,847	15,125	12,722	12,637	11,540	11,703
Enterprise Value	17,446	22,598	29,751	28,722	37,497	34,757	43,811	38,498	47,442	36,478	43,125	56,975	52,720	48,491	58,559
Total Capital	24,186	25,144	26,510	27,630	28,689	28,855	31,772	31,840	33,498	35,489	34,942	38,190	41,161	39,061	38,308
Total Debt/Capital (%)	32.01	28.03	24.76	23.11	25.57	27.73	27.92	28.61	32.72	44.65	43.29	33.31	30.7	29.54	30.55
Total Debt / EV	0.44	0.31	0.22	0.22	0.2	0.23	0.2	0.24	0.23	0.43	0.35	0.22	0.24	0.24	0.2
EV/Sales	0.14	0.16	0.22	0.22	0.43	0.46	0.47	0.33	0.44	0.56	0.38	0.32	0.36	0.37	0.48
EV/EBITDA	3.35	3.37	5.24	3.78	4.57	6.34	7.9	5.8	7.79	47.25	9.51	3.13	3.62	7.43	7.84
EV/EBIT	4.74	4.41	7.52	4.87	5.9	9.68	12.3	8.42	12.37	- -	20.25	3.62	4.45	12.91	13.58
EV/Cash Flow to Firm	4.07	4.13	5.12	6.37	6.35	6.74	7.2	8.12	8.05	29	6.78	4.38	5.44	6.8	9.38
EV/Free Cash Flow to Firm	4.07	4.13	5.12	6.37	6.35	6.74	7.2	7.6	8.05	29	6.78	4.38	5.44	6.8	9.38
Diluted Market Cap	10,942	17,331	27,619	26,235	35,355	31,700	40,808	32,087	38,771	23,024	30,570	50,237	45,890	39,474	50,302
Diluted Enterprise Value	17,681	22,720	30,377	29,499	39,403	35,715	44,739	39,278	47,883	36,399	42,960	60,004	55,281	49,366	60,197
EV per Share	31.33	40.93	55.55	55.85	79.27	77.24	100.97	92.19	115.91	89.32	105.39	153.11	158.18	154.01	195.89
TTM Sales	125,987	138,393	138,074	130,844	87,804	75,659	93,980	117,033	108,324	64,912	113,977	176,383	144,766	129,881	122,687
TTM EBITDA	5,214	6,704	5,677	7,592	8,200	5,484	5,549	6,641	6,091	772	4,535	18,224	14,559	6,529	7,470
TTM Operating Income	3,680	5,130	3,957	5,902	6,358	3,590	3,563	4,572	3,836	-1,579	2,130	15,751	11,858	3,755	4,312
TTM Cash Flow to Firm	4,291	5,476	5,814	4,511	5,908	5,159	6,088	4,743	5,894	1,258	6,362	13,010	9,689	7,135	6,242
TTM Free Cash Flow to Firm	4,291	5,476	5,814	4,511	5,908	5,159	6,088	5,063	5,897	1,258	6,362	13,010	9,689	7,135	6,242

Multiples (USD)

Valuation Multiples API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Price/Free Cash Flow	2.71	3.29	4.96	6.19	6.3	6.58	7.44	6.84	7.01	24.29	5.22	4	4.97	5.91	8.63
EV/EBIT	4.74	4.41	7.52	4.87	5.9	9.68	12.3	8.42	12.37	- -	20.25	3.62	4.45	12.91	13.58
Enterprise Value	17,446	22,598	29,751	28,722	37,497	34,757	43,811	38,498	47,442	36,478	43,125	56,975	52,720	48,491	58,559
Low Price	14.98	17.47	31.1	42.53	43.45	46.88	60.69	68.81	69.44	31	54.78	75.04	104.18	116.84	99
EV/Sales	0.14	0.16	0.22	0.22	0.43	0.46	0.47	0.33	0.44	0.56	0.38	0.32	0.36	0.37	0.48
EV/EBITDA	3.35	3.37	5.24	3.78	4.57	6.34	7.9	5.8	7.79	47.25	9.51	3.13	3.62	7.43	7.84
Price/Earnings	5.18	8.23	10.04	7.17	8.81	13.76	9.99	10.23	15.97	- -	32.87	4.35	5.19	14.25	21.42
Price/Earnings Average	6.04	6.48	7.7	7.43	7.69	11.82	7.7	13.9	14.52	-16.71	31.35	3.78	5.08	16.96	18.99
Price/Earnings High	7.66	8.32	10.07	8.65	9.2	14.6	10.13	17.33	17.39	-28.08	37.18	5.03	6.08	21.48	24.43
Price/Earnings Low	4.04	4.61	6.2	6.16	5.41	9.44	6.6	9.39	11.84	-8.88	23.97	2.57	4.16	13.58	13.03
Price/Book Value	0.65	0.95	1.39	1.23	1.63	1.54	1.81	1.44	1.76	1.23	1.67	2	1.64	1.57	2.05
Price/Book Value Average	0.76	0.75	1.06	1.28	1.42	1.32	1.4	1.96	1.6	1.27	1.59	1.74	1.61	1.87	1.82
Price/Book Value High	0.96	0.96	1.39	1.48	1.7	1.63	1.84	2.45	1.91	2.13	1.89	2.32	1.93	2.37	2.34
Price/Book Value Low	0.51	0.53	0.86	1.06	1	1.05	1.2	1.33	1.3	0.67	1.22	1.19	1.32	1.5	1.25
Price/Tangible Book Value	0.66	0.97	1.4	1.24	1.64	1.55	1.83	1.48	1.8	1.26	1.71	2.04	1.67	1.6	2.08
Price/Tangible Book Value Average	0.77	0.76	1.07	1.29	1.43	1.33	1.41	2.02	1.64	1.3	1.63	1.78	1.64	1.91	1.85
Price/Tangible Book Value High	0.98	0.98	1.4	1.5	1.72	1.64	1.85	2.51	1.96	2.19	1.94	2.37	1.96	2.41	2.38
Price/Tangible Book Value Low	0.52	0.54	0.86	1.07	1.01	1.06	1.21	1.36	1.34	0.69	1.25	1.21	1.34	1.53	1.27
Price/Sales	0.09	0.12	0.2	0.2	0.4	0.42	0.43	0.27	0.36	0.35	0.27	0.28	0.32	0.3	0.41
Price/Sales Average	0.1	0.1	0.15	0.21	0.35	0.36	0.33	0.37	0.32	0.37	0.26	0.25	0.31	0.36	0.36
Price/Sales High	0.13	0.13	0.2	0.24	0.42	0.44	0.44	0.46	0.39	0.61	0.3	0.33	0.37	0.46	0.47
Price/Sales Low	0.07	0.07	0.12	0.17	0.25	0.29	0.29	0.25	0.26	0.19	0.2	0.17	0.25	0.29	0.25
Price/Cash Flow	2.68	3.25	4.91	6.14	6.26	6.53	7.41	7.31	6.99	24.29	5.22	3.99	4.97	5.91	8.63
Price/Cash Flow Average	3.13	2.56	3.76	6.36	5.47	5.61	5.71	9.93	6.36	25.05	4.98	3.46	4.87	7.03	7.65
Price/Cash Flow High	3.96	3.29	4.92	7.4	6.54	6.93	7.51	12.38	7.62	42.09	5.9	4.61	5.82	8.9	9.84
Price/Cash Flow Low	2.09	1.82	3.03	5.27	3.85	4.48	4.89	6.71	5.19	13.31	3.81	2.36	3.98	5.63	5.25
Price/Free Cash Flow Average	3.16	2.59	3.8	6.41	5.5	5.65	5.73	9.29	6.37	25.05	4.98	3.47	4.87	7.03	7.65
Price/Free Cash Flow High	4.01	3.32	4.98	7.46	6.58	6.98	7.55	11.59	7.63	42.09	5.9	4.62	5.82	8.9	9.84
Price/Free Cash Flow Low	2.11	1.84	3.06	5.31	3.87	4.51	4.92	6.28	5.19	13.31	3.81	2.36	3.98	5.63	5.25
EV/Sales Average	0.15	0.14	0.17	0.23	0.38	0.4	0.37	0.42	0.41	0.57	0.37	0.29	0.36	0.43	0.43
EV/Sales High	0.18	0.16	0.22	0.26	0.44	0.48	0.47	0.51	0.47	0.82	0.41	0.37	0.42	0.52	0.53
EV/Sales Low	0.12	0.11	0.14	0.19	0.28	0.33	0.32	0.31	0.35	0.4	0.31	0.21	0.3	0.36	0.32
EV/EBITDA Average	3.69	2.83	4.13	3.9	4.05	5.55	6.24	7.49	7.22	48.19	9.2	2.79	3.56	8.55	7.1
EV/EBITDA High	4.33	3.4	5.25	4.47	4.76	6.68	7.99	9.07	8.35	69.19	10.4	3.53	4.13	10.43	8.75
EV/EBITDA Low	2.89	2.24	3.42	3.31	3	4.58	5.45	5.41	6.16	33.72	7.67	2.07	3.03	7.15	5.29
EV/EBIT Average	5.23	3.69	5.92	5.02	5.23	8.48	9.73	10.87	11.46	-23.56	19.58	3.22	4.37	14.87	12.3
EV/EBIT High	6.13	4.44	7.54	5.75	6.13	10.2	12.45	13.17	13.26	-33.83	22.14	4.09	5.07	18.13	15.16
EV/EBIT Low	4.1	2.93	4.91	4.26	3.87	6.99	8.49	7.86	9.78	-16.49	16.34	2.39	3.72	12.43	9.16
Last Price	19.23	31.17	50.4	49.5	70.71	68.32	91.91	74.97	93.65	56.57	75.11	126.86	130	122.59	162.79
High Price	28.43	31.51	50.54	59.69	73.88	72.49	93.18	126.98	101.99	98.03	84.95	146.81	152.2	184.79	185.62
Enterprise Value Average	19,232	18,948	23,443	29,642	33,236	30,426	34,652	49,719	43,973	37,200	41,701	50,786	51,792	55,823	53,032
Enterprise Value High	22,569	22,786	29,826	33,962	38,996	36,633	44,362	60,217	50,856	53,411	47,151	64,399	60,120	68,076	65,384
Enterprise Value Low	15,080	15,034	19,414	25,137	24,602	25,109	30,264	35,926	37,533	26,036	34,806	37,692	44,114	46,681	39,490

Shares Outstanding	557	552	536	514	473	450	434	418	409	408	409	372	333	315	299
Diluted Weighted Avg Shares	569	556	548	530	500	464	444	428	414	407	407	396	353	322	309
Basic Weighted Avg Shares	563	550	542	526	497	461	442	426	413	407	407	395	353	322	309
Revenue per Share	223.78	251.62	254.75	248.75	176.67	164.12	212.62	274.73	262.29	159.49	280.04	446.54	410.1	403.36	397.05
EBITDA per Share	9.26	12.19	10.47	14.43	16.5	11.9	12.55	15.59	14.75	1.9	11.14	46.14	41.24	20.28	24.17
Operating Income per Share	6.54	9.33	7.3	11.22	12.79	7.79	8.06	10.73	9.29	-3.88	5.23	39.88	33.59	11.66	13.95
Basic EPS, GAAP	3.71	3.79	5.02	6.9	8.03	4.97	9.2	7.33	5.86	-3.49	2.29	29.18	25.03	8.6	7.6
Basic EPS from Cont Ops	3.72	5.66	5.02	7.18	8.25	5.24	9.4	7.87	6.74	-2.72	3.16	30.07	25.92	9.34	7.27
Diluted EPS, GAAP	3.67	3.75	4.96	6.85	7.98	4.93	9.16	7.29	5.85	-3.49	2.29	29.11	25.03	8.6	7.6
Diluted EPS from Cont Ops	3.68	5.6	4.97	7.12	8.2	5.21	9.36	7.83	6.72	-2.72	3.16	30	25.92	9.34	7.27
Dividend per Share	0.3	0.65	0.85	1.05	1.71	2.41	2.81	3.21	3.61	3.93	3.94	3.95	4.11	4.3	4.55
Cash Flow per Share	7.17	9.58	10.27	8.06	11.29	10.46	12.4	10.26	13.39	2.33	14.4	31.83	26.14	20.75	18.85
Free Cash Flow per Basic Share	7.17	9.58	10.27	8.06	11.29	10.46	12.4	9.51	13.38	2.33	14.4	31.83	26.14	20.75	18.85
Cash & Equivalents per Share	1.84	3.12	8.01	7.17	8.7	10.7	13.48	7.14	6.31	8.11	10.07	13.07	16.27	14.79	15.68
Book Value per Share	29.49	32.66	36.34	40.2	43.39	44.5	50.68	51.89	53.27	46.04	45.04	63.31	79.05	77.85	79.36
Tangible Book Value per Share	29.09	32.28	36.04	39.9	43.06	44.17	50.36	50.53	51.94	44.79	43.87	62.07	77.72	76.54	78.08

Valero Energy Corporation

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)