Valmont Industries, Inc. Financial Ratios — VMI 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
Return on Common Equity (%)	22.99	19.22	19.08	11.03	2.29	9.47	5.98	5.04	6.88	6.29	8.33	9.95	5.42	12.35	10.88
Return on Assets (%)	10.39	9.6	10.42	6.68	1.57	7.24	4.66	3.97	5.49	4.88	6.11	7.16	4.08	10.23	9.99
Return on Capital (%)	16.47	14.2	14.97	8.68	2.21	7.75	4.9	4.48	5.7	5.42	6.74	7.72	4.59	9.87	8.84
Return on Invested Capital (%)	16.22	13.84	15.7	11.77	4.55	11.53	7.89	8.48	8.82	8.81	9.85	11.76	10.89	15.36	19.66
Gross Margin (%)	25.05	26.49	28.61	25.88	23.71	26.02	24.83	24.23	24.67	26.44	25.24	25.92	29.61	30.46	30.21
EBITDA Margin (%)	12.69	14.94	16.66	14.31	10.11	13	12.82	11.27	11.21	11.24	11.02	12.21	13.57	15.21	14.88
Operating Margin (%)	9.89	12.62	14.32	11.45	6.63	9.73	9.73	8.27	8.24	8.38	8.38	9.97	11.2	12.87	12.73
Incremental Operating Margin (%)	12.38	32.33	33.05	63.71	36.5	-73.74	9.68	-350.08	-0.48	11.44	8.36	16.59	-20.14	-57.22	-7.85
Pretax Margin (%)	8.78	11.86	13.6	9.1	3.55	8.74	8.32	5.56	7.22	6.66	7.43	8.37	5.66	11.5	9.2
Profit Margin (%)	8.58	7.73	8.43	5.89	1.53	6.87	4.23	3.69	5.29	4.86	5.59	5.77	3.44	8.55	8.16
Net Income to Common Margin (%)	8.58	7.73	8.43	5.89	1.53	6.87	4.23	3.69	5.29	4.86	5.59	5.77	3.44	8.55	8.16
Effective Tax Rate (%)	1.96	35.21	35.11	33.39	50.99	19.08	46.46	29.74	23.89	25.74	23.61	29.87	38.11	25.17	6.32
Dvd Payout Ratio (%)	7.41	8.83	8.63	16.67	69.95	18.55	26.37	29.67	20.69	25.72	20.72	17.78	33.83	13.7	14.09
Sustainable Growth Rate (%)	21.29	17.52	17.43	9.19	0.69	7.71	4.41	3.55	5.46	4.67	6.61	8.18	3.59	10.66	9.35

Credit (USD)

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	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
Total Debt	486	486	490	782	759	756	755	753	873	847	1,113	1,033	1,275	867	926
ST Debt	12	14	19	15	2	2	1	11	23	38	18	7	4	2	1
LT Debt	474	473	471	767	757	755	754	742	851	809	1,095	1,026	1,271	864	925
Total Debt/EBITDA	1.44	1.07	0.89	1.75	2.87	2.31	2.14	2.42	2.82	2.6	2.88	1.95	2.25	1.4	1.52
Net Debt/EBITDA	0.36	0.16	-0.22	0.92	1.55	1.09	0.74	1.42	1.4	1.12	2.04	1.31	1.6	0.92	1
Total Debt/EBIT	1.85	1.27	1.04	2.19	4.37	3.08	2.83	3.3	3.83	3.49	3.8	2.39	2.73	1.65	1.77
Net Debt/EBIT	0.47	0.19	-0.26	1.15	2.36	1.45	0.98	1.93	1.9	1.51	2.69	1.6	1.94	1.08	1.17
EBITDA to Interest Expense	9.34	14.31	16.94	12.15	5.93	7.38	7.89	7.03	7.72	7.92	9.06	11.16	9.97	10.56	15.07
EBITDA-CapEx/Interest Expense	7.04	11.24	13.65	10.17	4.92	6.08	6.65	5.4	5.3	5.33	6.53	9.2	8.27	9.2	11.49
EBIT to Interest Expense	7.28	12.09	14.56	9.72	3.89	5.53	5.98	5.15	5.68	5.91	6.88	9.11	8.23	8.93	12.88
Interest Expense	36	32	33	37	45	44	45	44	40	41	43	48	57	59	41
Common Equity/Total Assets	48.03	51.72	57.29	63.98	73.47	79.55	76.17	81.24	78.43	76.97	70.26	73.68	76.82	89.15	94.5
Long-Term Debt/Equity (%)	39.6	33.59	30.48	61.31	78.42	76.82	65.45	65.33	71.51	66.95	77.45	62.52	89.67	54.25	56.33
Long-Term Debt/Capital (%)	28.85	25.25	22.39	29.75	29.53	27.97	27.16	25.72	27.26	25.71	30.74	27.63	31.7	22.24	22.46
Long-Term Debt/Total Assets (%)	20.57	18.4	16.96	28.09	31.64	31.56	28.97	29.32	30.31	27.38	31.76	28.86	36.54	25.96	27.46
Total Debt/Equity (%)	40.58	34.55	31.73	62.52	78.63	76.98	65.55	66.34	73.4	70.09	78.75	62.95	89.94	54.39	56.36
Total Debt/Capital (%)	29.55	25.98	23.3	30.34	29.61	28.03	27.2	26.11	27.99	26.91	31.25	27.82	31.79	22.3	22.47
Total Debt/Total Assets (%)	21.08	18.93	17.65	28.64	31.72	31.63	29.01	29.77	31.11	28.67	32.29	29.05	36.65	26.03	27.47
Net Debt to Equity	10.28	5.12	-8	32.81	42.47	36.28	22.77	38.75	36.47	30.27	55.76	42.19	64.13	35.64	37.05
Net Debt/Capital (%)	9.61	4.94	-8.29	18.6	18.51	15.51	11.48	17.11	15.68	13.32	23.28	19.62	23.88	15.26	15.48
EBITDA	338	453	551	447	265	328	352	311	310	325	386	530	566	620	611
EBITDA-CapEx	255	355	444	374	219	270	297	239	213	219	278	437	470	541	466
Operating Income (Loss)	263	382	473	358	174	245	267	228	228	243	293	433	468	525	522

Liquidity (USD)

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	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
Cash Ratio	0.89	1	1.41	0.94	0.95	1.14	1.22	0.77	0.69	0.6	0.23	0.23	0.28	0.2	0.26
Current Ratio	3.07	3.46	3.66	3.51	3.35	3.58	3.65	3.28	2.79	2.31	2.24	2.21	2.47	2.07	2.35
Quick Ratio	2.04	2.4	2.74	2.46	2.29	2.42	2.54	2.24	1.91	1.55	1.18	1.2	1.43	1.25	1.48
CFO/Avg Current Liab	0.4	0.48	0.93	0.42	0.71	0.65	0.35	0.38	0.67	0.53	0.09	0.42	0.4	0.75	0.59
Common Equity/Total Assets	48.03	51.72	57.29	63.98	73.47	79.55	76.17	81.24	78.43	76.97	70.26	73.68	76.82	89.15	94.5
Long-Term Debt/Equity (%)	39.6	33.59	30.48	61.31	78.42	76.82	65.45	65.33	71.51	66.95	77.45	62.52	89.67	54.25	56.33
Long-Term Debt/Capital (%)	28.85	25.25	22.39	29.75	29.53	27.97	27.16	25.72	27.26	25.71	30.74	27.63	31.7	22.24	22.46
Long-Term Debt/Total Assets (%)	20.57	18.4	16.96	28.09	31.64	31.56	28.97	29.32	30.31	27.38	31.76	28.86	36.54	25.96	27.46
Total Debt/Equity (%)	40.58	34.55	31.73	62.52	78.63	76.98	65.55	66.34	73.4	70.09	78.75	62.95	89.94	54.39	56.36
Total Debt/Capital (%)	29.55	25.98	23.3	30.34	29.61	28.03	27.2	26.11	27.99	26.91	31.25	27.82	31.79	22.3	22.47
Total Debt/Total Assets (%)	21.08	18.93	17.65	28.64	31.72	31.63	29.01	29.77	31.11	28.67	32.29	29.05	36.65	26.03	27.47
CFO/Total Liabilities	13.51	16.97	32.19	11.77	19.08	16.52	9.18	10.97	19.02	18.12	3.24	17.03	14.89	32.98	26.43
CFO/CapEx	1.8	2.03	3.71	2.38	5.99	4.02	2.41	2.13	3.16	2.96	0.61	3.5	3.17	7.21	3.15
Altman's Z-Score	4.62	5.42	5.68	5.01	4.56	5.01	5.14	4.86	4.68	4.63	5.06	6.21	5.4	6.4	7.04

Working Capital (USD)

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	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
Accounts Receivable Turnover	6.36	6.43	6.41	5.94	5.22	5.57	5.82	5.58	5.74	5.84	6.46	7.39	6.62	6.21	6.6
Days Sales Outstanding	57.41	56.78	56.96	61.49	69.92	65.55	62.67	65.37	63.58	62.51	56.46	49.38	55.18	58.77	55.34
Inventory Turnover	5.92	5.53	5.95	6.26	5.71	5.4	5.35	5.19	5.2	4.91	4.45	4.42	4.24	4.54	4.95
Days Inventory Outstanding	61.67	66.06	61.3	58.3	63.96	67.57	68.16	70.29	70.22	74.32	82.11	82.64	86.15	80.42	73.7
Accounts Payable Turnover	10.63	10.47	10.86	11.12	10.51	10.49	10.53	9.2	10.19	9.27	9.41	9.09	7.98	7.57	7.76
Accounts Payable Turnover Days	34.33	34.88	33.62	32.82	34.72	34.8	34.65	39.68	35.83	39.37	38.79	40.15	45.72	48.2	47.02
Cash Conversion Cycle	84.75	87.97	84.65	86.97	99.16	98.33	96.19	95.98	97.96	97.46	99.78	91.87	95.6	90.98	82.02
Inventory to Cash Days	-4.26	-9.28	-4.34	3.2	5.96	-2.02	-5.49	-4.91	-6.64	-11.81	-25.65	-33.25	-30.97	-21.64	-18.36
Inventories	394	412	380	360	341	350	421	384	418	449	729	729	658	590	566
Raw Materials	203	200	180	179	163	144	183	190	158	156	278	259	217	232	254
Work In Process	28	36	27	28	26	27	31	36	38	34	64	44	38	35	36
Finished Goods	212	222	218	200	187	217	251	212	222	260	387	425	403	323	276
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

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	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
Market Capitalization	2,390	3,615	3,973	3,266	2,469	3,179	3,735	2,475	3,244	3,729	5,309	7,047	4,893	6,171	7,964
- Cash & Cash Equivalents	363	414	614	372	349	400	493	313	354	401	177	185	203	164	187
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	51	57	23	49	47	39	39	76	45	26	27	61	63	52	9
+ Total Debt	486	486	490	782	759	756	755	753	873	847	1,113	1,033	1,275	867	926
Enterprise Value	2,565	3,744	3,872	3,725	2,926	3,575	4,036	2,991	3,809	4,200	6,272	7,956	6,028	6,925	8,712
Total Capital	1,645	1,872	2,104	2,577	2,563	2,698	2,776	2,885	3,120	3,145	3,562	3,715	4,009	3,887	4,119
Total Debt/Capital (%)	29.55	25.98	23.3	30.34	29.61	28.03	27.2	26.11	27.99	26.91	31.25	27.82	31.79	22.3	22.47
Total Debt / EV	0.19	0.13	0.13	0.21	0.26	0.21	0.19	0.25	0.23	0.2	0.18	0.13	0.21	0.13	0.11
EV/Sales	0.96	1.24	1.17	1.19	1.12	1.42	1.47	1.08	1.38	1.45	1.79	1.83	1.44	1.7	2.12
EV/EBITDA	7.59	8.27	7.03	8.33	11.05	10.9	11.47	9.62	12.28	12.9	16.25	15	10.64	11.17	14.26
EV/EBIT	9.74	9.79	8.18	10.41	16.85	14.57	15.11	13.12	16.71	17.31	21.38	18.36	12.89	13.2	16.68
EV/Cash Flow to Firm	13.85	17.21	9.27	18.76	9.95	13.3	25.7	16.25	11.26	12.11	63.68	22.12	17.63	11.23	17.62
EV/Free Cash Flow to Firm	9.56	11.9	7.39	13.71	8.61	10.94	19.01	11.68	8.74	9.26	30.4	17.57	13.74	9.95	13.62
Diluted Market Cap	2,410	3,655	4,011	3,293	2,481	3,200	3,771	2,490	3,261	3,748	5,384	7,136	4,941	6,213	8,021
Diluted Enterprise Value	2,585	3,784	3,910	3,752	2,938	3,595	4,072	3,006	3,826	4,219	6,347	8,045	6,075	6,967	8,769
EV per Share	97.4	141.43	145.34	144.84	125.63	158.43	179.22	134.08	175.87	197.05	295.92	373.32	287.64	344.14	440.11
TTM Sales	2,661	3,030	3,304	3,123	2,619	2,522	2,746	2,757	2,767	2,895	3,502	4,345	4,175	4,075	4,104
TTM EBITDA	338	453	551	447	265	328	352	311	310	325	386	530	566	620	611
TTM Operating Income	263	382	473	358	174	245	267	228	228	243	293	433	468	525	522
TTM Cash Flow to Firm	185	218	418	199	294	269	157	184	338	347	98	360	342	617	494
TTM Free Cash Flow to Firm	268	315	524	272	340	327	212	256	436	453	206	453	439	696	639

Multiples (USD)

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	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
Price/Free Cash Flow	10.36	12.42	7.97	13.33	7.81	11.01	20.01	11.07	8.05	8.86	30.99	17.01	12.24	9.53	13.33
EV/EBIT	9.74	9.79	8.18	10.41	16.85	14.57	15.11	13.12	16.71	17.31	21.38	18.36	12.89	13.2	16.68
Enterprise Value	2,565	3,744	3,872	3,725	2,926	3,575	4,036	2,991	3,809	4,200	6,272	7,956	6,028	6,925	8,712
Low Price	73	90.21	129	123.44	92.33	96.5	135.95	103.01	107.98	82.6	170.53	203.31	188.63	202.01	250.07
EV/Sales	0.96	1.24	1.17	1.19	1.12	1.42	1.47	1.08	1.38	1.45	1.79	1.83	1.44	1.7	2.12
EV/EBITDA	7.59	8.27	7.03	8.33	11.05	10.9	11.47	9.62	12.28	12.9	16.25	15	10.64	11.17	14.26
Price/Earnings	10.47	15.44	14.27	17.75	61.54	18.35	32.13	24.32	22.16	26.5	27.14	28.09	34.11	17.72	23.79
Price/Earnings Average	10.73	13.79	13.92	20.22	67.23	16.75	29.61	31.1	19.58	19.68	25.65	22.4	39.57	15.49	20.79
Price/Earnings High	13.38	15.97	15.78	22.82	74.97	20.32	34.17	37.6	22.41	26.76	28.72	30.02	49.92	20.46	25.58
Price/Earnings Low	8.42	10.2	12.34	17.26	53.6	12.57	26.34	22.58	15.97	12.51	18.47	17.27	27.55	11.67	14.79
Price/Book Value	2.16	2.72	2.5	1.87	1.4	1.67	1.88	1.2	1.47	1.64	2.19	2.69	1.83	2.08	2.5
Price/Book Value Average	2.21	2.43	2.44	2.13	1.53	1.53	1.74	1.54	1.3	1.22	2.07	2.14	2.13	1.82	2.19
Price/Book Value High	2.76	2.81	2.76	2.4	1.71	1.85	2	1.86	1.49	1.66	2.32	2.87	2.68	2.4	2.69
Price/Book Value Low	1.74	1.8	2.16	1.82	1.22	1.14	1.54	1.12	1.06	0.77	1.49	1.65	1.48	1.37	1.55
Price/Tangible Book Value	3.34	4	3.88	4.92	5.39	6.15	5.53	4.31	5.54	6.11	10.02	9.72	7.73	7.38	8.38
Price/Tangible Book Value Average	3.43	3.57	3.79	5.61	5.89	5.61	5.1	5.51	4.9	4.54	9.47	7.75	8.96	6.46	7.33
Price/Tangible Book Value High	4.27	4.13	4.29	6.33	6.56	6.81	5.88	6.66	5.61	6.17	10.61	10.38	11.31	8.53	9.02
Price/Tangible Book Value Low	2.69	2.64	3.36	4.79	4.69	4.21	4.53	4	4	2.88	6.82	5.97	6.24	4.86	5.21
Price/Sales	0.9	1.19	1.2	1.05	0.94	1.26	1.36	0.9	1.17	1.29	1.52	1.62	1.17	1.51	1.94
Price/Sales Average	0.92	1.07	1.17	1.19	1.03	1.15	1.25	1.15	1.04	0.96	1.43	1.29	1.36	1.32	1.7
Price/Sales High	1.15	1.23	1.33	1.34	1.15	1.4	1.45	1.39	1.19	1.3	1.6	1.73	1.72	1.75	2.09
Price/Sales Low	0.72	0.79	1.04	1.02	0.82	0.86	1.11	0.83	0.85	0.61	1.03	1	0.95	1	1.21
Price/Cash Flow	15.97	18.34	10.02	18.76	9.07	13.65	28.05	16.17	10.55	11.79	80.51	21.6	15.95	10.78	17.45
Price/Cash Flow Average	16.37	16.38	9.78	21.37	9.91	12.47	25.85	20.68	9.32	8.76	76.11	17.22	18.51	9.42	15.25
Price/Cash Flow High	20.41	18.96	11.08	24.11	11.05	15.12	29.83	25.01	10.67	11.9	85.2	23.08	23.35	12.44	18.76
Price/Cash Flow Low	12.84	12.12	8.67	18.24	7.9	9.35	22.99	15.02	7.6	5.57	54.81	13.28	12.89	7.1	10.84
Price/Free Cash Flow Average	10.61	11.1	7.78	15.18	8.53	10.05	18.45	14.15	7.11	6.58	29.29	13.56	14.21	8.33	11.65
Price/Free Cash Flow High	13.24	12.84	8.82	17.13	9.51	12.19	21.28	17.11	8.14	8.95	32.8	18.18	17.92	11	14.34
Price/Free Cash Flow Low	8.33	8.21	6.9	12.95	6.8	7.54	16.41	10.28	5.8	4.18	21.1	10.46	9.89	6.28	8.29
EV/Sales Average	0.99	1.11	1.14	1.34	1.2	1.31	1.36	1.33	1.24	1.12	1.71	1.5	1.63	1.51	1.88
EV/Sales High	1.21	1.28	1.3	1.49	1.32	1.55	1.56	1.57	1.39	1.46	1.88	1.94	1.99	1.93	2.27
EV/Sales Low	0.79	0.83	1.01	1.16	1	1.02	1.22	1.02	1.05	0.77	1.31	1.21	1.22	1.18	1.39
EV/EBITDA Average	7.77	7.42	6.86	9.35	11.91	10.06	10.63	11.84	11.07	9.96	15.5	12.31	12.03	9.92	12.62
EV/EBITDA High	9.56	8.54	7.8	10.42	13.08	11.95	12.14	13.97	12.4	13.02	17.05	15.91	14.65	12.71	15.25
EV/EBITDA Low	6.2	5.56	6.06	8.13	9.84	7.85	9.55	9.05	9.36	6.86	11.86	9.88	8.98	7.77	9.33
EV/EBIT Average	9.96	8.78	7.98	11.68	18.16	13.44	14.02	16.15	15.06	13.36	20.39	15.07	14.57	11.72	14.76
EV/EBIT High	12.26	10.11	9.08	13.02	19.95	15.96	16	19.05	16.88	17.46	22.44	19.48	17.74	15.02	17.83
EV/EBIT Low	7.96	6.58	7.05	10.16	15.01	10.49	12.59	12.34	12.74	9.2	15.61	12.1	10.88	9.19	10.91
Last Price	90.79	136.55	149.12	127	106.02	140.9	165.85	110.95	149.78	174.93	250.5	330.67	233.51	306.67	402.32
High Price	116.02	141.18	164.93	163.23	129.14	156.05	176.35	171.55	151.5	176.62	265.09	353.36	341.81	354.13	432.69
Enterprise Value Average	2,624	3,358	3,777	4,179	3,154	3,298	3,743	3,681	3,432	3,241	5,981	6,527	6,812	6,149	7,708
Enterprise Value High	3,229	3,866	4,293	4,657	3,464	3,916	4,273	4,342	3,846	4,236	6,581	8,439	8,297	7,880	9,313
Enterprise Value Low	2,096	2,517	3,336	3,634	2,607	2,573	3,363	2,814	2,904	2,232	4,577	5,242	5,087	4,819	5,698

	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
Shares Outstanding	26	27	27	24	23	23	23	22	22	21	21	21	20	20	19
Diluted Weighted Avg Shares	27	27	27	26	23	23	23	22	22	21	21	22	21	20	20
Basic Weighted Avg Shares	26	26	27	26	23	23	23	22	22	21	21	21	21	20	20
Revenue per Share	101.09	114.45	124.03	121.43	112.46	111.77	121.93	123.61	127.75	135.84	165.22	203.9	199.21	202.52	207.33
EBITDA per Share	12.83	17.09	20.66	17.38	11.37	14.53	15.63	13.93	14.32	15.27	18.21	24.89	27.02	30.81	30.86
Operating Income per Share	10	14.44	17.76	13.91	7.46	10.88	11.86	10.22	10.52	11.38	13.84	20.33	22.31	26.07	26.39
Basic EPS, GAAP	8.67	8.84	10.45	7.15	1.72	7.68	5.16	4.56	6.76	6.6	9.23	11.77	6.85	17.31	16.91
Basic EPS from Cont Ops	9.01	9.03	10.98	7.36	1.95	7.91	5.43	4.83	7.02	6.67	9.33	11.93	6.92	17.42	17.87
Diluted EPS, GAAP	8.6	8.75	10.35	7.09	1.71	7.63	5.11	4.53	6.73	6.57	9.1	11.62	6.78	17.19	16.79
Diluted EPS from Cont Ops	8.94	8.93	10.87	7.3	1.94	7.86	5.38	4.8	6.99	6.63	9.2	11.78	6.85	17.31	17.74
Dividend per Share	0.69	0.81	0.95	1.26	1.52	1.51	1.5	1.51	1.51	1.73	1.95	2.15	2.36	2.4	2.65
Cash Flow per Share	5.68	7.45	14.88	6.77	11.69	10.32	5.91	6.86	14.2	14.84	3.11	15.31	14.64	28.46	23.06
Free Cash Flow per Basic Share	2.53	3.78	10.87	3.93	9.74	7.75	3.46	3.63	9.7	9.83	-1.97	10.93	10.02	24.51	15.73
Cash & Equivalents per Share	13.78	15.64	23.04	14.45	14.99	17.73	21.88	14.04	16.32	18.8	8.36	8.7	9.69	8.17	9.45
Book Value per Share	42.07	50.18	59.7	67.91	75.47	84.33	88.02	92.15	101.65	106.64	114.29	122.99	127.48	147.54	160.86
Tangible Book Value per Share	27.16	34.15	38.45	25.79	19.67	22.92	29.99	25.75	27.02	28.63	24.99	34.03	30.23	41.53	47.99

Valmont Industries, Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)