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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
Valmont Industries 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 Valmont Industries's Piotroski F-Score or its related term are showing as below:
During the past 13 years, the highest Piotroski F-Score of Valmont Industries was 8. The lowest was 4. And the median was 6.
The historical data trend for Valmont Industries'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.
Valmont Industries Annual Data | |||||||||||||||||||||
Trend | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | Dec24 | |||||||||||
Piotroski F-Score | Get a 7-Day Free Trial |
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6.00 | 4.00 | 7.00 | 6.00 | 7.00 |
Valmont Industries Quarterly Data | ||||||||||||||||||||
Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | Dec24 | |
Piotroski F-Score | Get a 7-Day Free Trial |
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6.00 | 6.00 | 6.00 | 7.00 | 7.00 |
For the Conglomerates subindustry, Valmont Industries'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.
For the Conglomerates industry and Industrials sector, Valmont Industries's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Valmont Industries'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 (Dec24) TTM: | Last Year (Dec23) TTM: |
Net Income was 87.822 + 99.716 + 83.068 + 77.653 = $348 Mil. Cash Flow from Operations was 23.332 + 130.811 + 225.121 + 193.414 = $573 Mil. Revenue was 977.828 + 1039.737 + 1020.175 + 1037.294 = $4,075 Mil. Gross Profit was 306.216 + 320.282 + 301.693 + 313.021 = $1,241 Mil. Average Total Assets from the begining of this year (Dec23) to the end of this year (Dec24) was (3477.448 + 3465.381 + 3457.202 + 3496.828 + 3329.972) / 5 = $3445.3662 Mil. Total Assets at the begining of this year (Dec23) was $3,477 Mil. Long-Term Debt & Capital Lease Obligation was $864 Mil. Total Current Assets was $1,683 Mil. Total Current Liabilities was $811 Mil. |
Net Income was 74.54 + 89.376 + -49.028 + 28.587 = $143 Mil. Revenue was 1062.481 + 1046.296 + 1050.295 + 1015.526 = $4,175 Mil. Gross Profit was 308.585 + 329.397 + 315.111 + 282.941 = $1,236 Mil. Average Total Assets from the begining of last year (Dec22) to the end of last year (Dec23) was (3556.996 + 3604.492 + 3615.84 + 3486.179 + 3477.448) / 5 = $3548.191 Mil. Total Assets at the begining of last year (Dec22) was $3,557 Mil. Long-Term Debt & Capital Lease Obligation was $1,271 Mil. Total Current Assets was $1,788 Mil. Total Current Liabilities was $723 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.
Valmont Industries's current Net Income (TTM) was 348.
==> 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.
Valmont Industries's current Cash Flow from Operations (TTM) was 573.
==> 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 (Dec23) |
= | 348.259 | / | 3477.448 | |
= | 0.10014787 |
ROA (Last Year) | = | Net Income | / | Total Assets (Dec22) |
= | 143.475 | / | 3556.996 | |
= | 0.040336 |
Valmont Industries's return on assets of this year was 0.10014787. Valmont Industries's return on assets of last year was 0.040336.
==> 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.
Valmont Industries's current Net Income (TTM) was 348. Valmont Industries's current Cash Flow from Operations (TTM) was 573.
==> 573 > 348 ==> 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: Dec24) | = | Long-Term Debt & Capital Lease Obligation | / | Average Total Assets from Dec23 to Dec24 |
= | 864.475 | / | 3445.3662 | |
= | 0.25090947 |
Gearing (Last Year: Dec23) | = | Long-Term Debt & Capital Lease Obligation | / | Average Total Assets from Dec22 to Dec23 |
= | 1270.628 | / | 3548.191 | |
= | 0.35810586 |
Valmont Industries's gearing of this year was 0.25090947. Valmont Industries's gearing of last year was 0.35810586.
==> 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: Dec24) | = | Total Current Assets | / | Total Current Liabilities |
= | 1683.392 | / | 811.425 | |
= | 2.07461195 |
Current Ratio (Last Year: Dec23) | = | Total Current Assets | / | Total Current Liabilities |
= | 1787.629 | / | 723.102 | |
= | 2.47216714 |
Valmont Industries's current ratio of this year was 2.07461195. Valmont Industries's current ratio of last year was 2.47216714.
==> 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.
Valmont Industries's number of shares in issue this year was 20.195. Valmont Industries's number of shares in issue last year was 20.766.
==> 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 |
= | 1241.212 | / | 4075.034 | |
= | 0.30458936 |
Gross Margin (Last Year: TTM) | = | Gross Profit | / | Revenue |
= | 1236.034 | / | 4174.598 | |
= | 0.29608456 |
Valmont Industries's gross margin of this year was 0.30458936. Valmont Industries's gross margin of last year was 0.29608456.
==> 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 (Dec23) |
= | 4075.034 | / | 3477.448 | |
= | 1.17184614 |
Asset Turnover (Last Year) | = | Revenue | / | Total Assets at the Beginning of Last Year (Dec22) |
= | 4174.598 | / | 3556.996 | |
= | 1.17363022 |
Valmont Industries's asset turnover of this year was 1.17184614. Valmont Industries's asset turnover of last year was 1.17363022.
==> 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
Valmont Industries has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.
Valmont Industries (NYSE:VMI) 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.
Thank you for viewing the detailed overview of Valmont Industries's Piotroski F-Score provided by GuruFocus.com. Please click on the following links to see related term pages.
Mogens C Bay | director, officer: Chairman and CEO | 15000 VALMONT PLAZA, OMAHA NE 68154 |
Daas Kaj Den | director | EIFELLAAN #3, 5691 GW, SON EN BREUGEL P7 00000 |
John Timothy Donahue | officer: EVP, Corp/Business Development | VALMONT INDUSTRIES INC, 15000 VALMONT PLAZA, OMAHA NE 68135 |
Timothy Francis | officer: VP Corporate Controller | VALMONT INDUSTRIES, INC., 15000 VALMONT PLAZA, OMAHA NE 68154-5215 |
R Andrew Massey | officer: VP, Legal and Compliance | VALMONT INDUSTRIES INC, 15000 VALMONT PLAZA, OMAHA NE 68154 |
Thomas Mitchell Parnell | officer: SVP, Human Resources | VALMONT INDUSTRIES, INC., 15000 VALMONT PLAZA, OMAHA NE 68154 |
Theodor Werner Freye | director | VALMONT INDUSTRIES INC, 15000 VALMONT PLAZA, OMAHA NE 68154 |
Ellen S Dasher | officer: VP, Global Taxation | VALMONT INDUSTRIES, INC., 15000 VALMONT PLAZA, OMAHA NE 68154 |
Aaron M Schapper | officer: EVP Infrastructure | VALMONT INDUSTRIES INC, 15000 VALMONT PLAZA, OMAHA NE 68154 |
Stephen G Kaniewski | officer: President & COO | 15000 VALMONT PLAZA, 15000 VALMONT PLAZA, OMAHA NE 68154 |
Gene Padgett | officer: CAO | VALMONT INDUSTRIES, INC., 15000 VALMONT PLAZA, OMAHA NE 68154 |
Renee L Campbell | officer: SVP, Investor Relations, Treas | VALMONT INDUSTRIES, 15000 VALMONT PLAZA, OMAHA NE 68154 |
James B. Milliken | director | ONE VALMONT PLAZA, 13815 FIRST NATIONAL BANK PARKWAY, OMAHA NE 68135 |
Randt Clark T. Jr. | director | ONE VALMONT PLAZA, 13815 FIRST NATIONAL BANK PARKWAY, OMAHA NE 68154 |
Joan Robinson-berry | director | VALMONT INDUSTRIES INC, 15000 VALMONT PLAZA, OMAHA NE 68175 |
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