Recent News
On May 26, Valmont finalized a separation and release agreement with former CFO Thomas Liguori, who will remain as a consultant through December 26, 2026. On June 16 the company hosted an Investor Day presenting its strategic priorities and outlook. On April 27 the board approved a quarterly dividend of $0.77 per share, reflecting a 13% increase from the prior payout.
Technical Analysis
ADX at 19.55 sits below 20, indicating no established trend; that lack of trend reduces conviction for a sustained directional move against the company’s under-valued assessment.
DI+ shows a peak-and-reversal while DI- increases; both signals point toward bearish directional pressure and limit near-term upside relative to the valuation gap.
MACD registers -7.84 and declines beneath the 0.28 signal line, indicating continuing bearish momentum and lowering the likelihood of a quick bullish follow-through until MACD reverses above its signal.
MRO stands at 7.2 (positive) and declines, implying price sits above the model target and retains downward potential as momentum cools.
RSI reads 48.32 and trends lower, indicating weakening short-term momentum rather than oversold conditions; this supports a cautious technical bias while fundamentals remain constructive.
Price trades below the 20-day and 50-day averages (priceClose $488.60 vs. 20-day $531.62 and 50-day $536.04) but above the 200-day average ($454.99), which suggests recent softness inside a longer-term constructive band; Ichimoku Tenkan/Kijun levels (Tenkan $521.28, Kijun $529.00) sit above price and reinforce the short-term technical restraint.
Volume on the reported session (382,582) exceeds the 10-day and 50-day averages, signaling stronger participation during the recent move and increasing the relevance of the current bearish momentum.
Fundamental Analysis
Revenue totaled $1,029,197,000 for the period ending 2026-03-31, with YoY revenue growth recorded at -86.68% while QoQ growth registered +18.29%. The sharp YoY decline juxtaposed with sequential recovery suggests timing or comparability effects rather than an across-the-board demand collapse.
Operating metrics show margin expansion: operating margin 15.121% and EBIT margin 15.017%, representing QoQ increases of 27.60% and 30.78%, respectively, and YoY improvements of 14.39% and 13.60%. EBIT margin sits above the industry peer mean (8.88%) and industry peer median (8.73%), while remaining below the industry peer high (18.19%), indicating comparatively stronger profitability without exceeding the top peer outcomes.
Earnings per share arrived at $6.14 versus an estimate of $5.80, yielding an EPS surprise of +$0.34 or +5.86%. Forward EPS stands at $6.46 and forward PE near-term equals 67.16, while trailing PE reads 76.58; those multiples fall below the industry peer mean and median PE values provided, reflecting lower relative valuation multiples versus the peer set.
Balance-sheet and cash metrics present durability: cash and short-term investments $160,189,000, current ratio 2.38, quick ratio 1.59, and net debt $630,103,000. Debt-to-EBITDA at 5.20x and interest coverage 16.42x indicate manageable interest capacity despite elevated leverage by the EBITDA multiple metric.
Free cash flow $68,905,000 produces a free cash flow yield of 0.86%, higher than the industry peer mean of 0.44%, while cash conversion cycle 81.41 days sits inside the industry peer range upper bound; these metrics support cash returns to shareholders, evidenced by the raised quarterly dividend and a dividend payout ratio of 12.29%.
Return on equity 6.43% slightly exceeds the industry peer mean (5.96%) and median (6.14%), aligning with the company’s above-mean EBIT margins and reinforcing the valuation view. WMDST values the stock as under-valued based on the combination of margin strength, cash generation, and relative multiples.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2026-03-31 |
| REPORT DATE: | 2026-07-21 |
| NEXT REPORT DATE: | 2026-10-20 |
| CASH FLOW | Begin Period Cash Flow | $ 187.1 M |
| Operating Cash Flow | $ 103.5 M | |
| Capital Expenditures | $ -34.57 M | |
| Change In Working Capital | $ -48.54 M | |
| Dividends Paid | $ -13.28 M | |
| Cash Flow Delta | $ -26.95 M | |
| End Period Cash Flow | $ 160.2 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 1.0 B | |
| Forward Revenue | $ 291.4 M | |
| COSTS | ||
| Cost Of Revenue | $ 712.3 M | |
| Depreciation | $ 22.6 M | |
| Depreciation and Amortization | $ 22.6 M | |
| Research and Development | — | |
| Total Operating Expenses | $ 873.6 M | |
| PROFITABILITY | ||
| Gross Profit | $ 316.9 M | |
| EBITDA | $ 177.2 M | |
| EBIT | $ 154.6 M | |
| Operating Income | $ 155.6 M | |
| Interest Income | $ 1.4 M | |
| Interest Expense | $ 9.4 M | |
| Net Interest Income | $ -8.03 M | |
| Income Before Tax | $ 145.1 M | |
| Tax Provision | $ 37.1 M | |
| Tax Rate | 25.6 % | |
| Net Income | $ 108.0 M | |
| Net Income From Continuing Operations | $ 108.0 M | |
| EARNINGS | ||
| EPS Estimate | $ 5.80 | |
| EPS Actual | $ 6.14 | |
| EPS Difference | $ 0.34 | |
| EPS Surprise | 5.862 % | |
| Forward EPS | $ 6.46 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 3.4 B | |
| Intangible Assets | $ 706.5 M | |
| Net Tangible Assets | $ 972.8 M | |
| Total Current Assets | $ 1.8 B | |
| Cash and Short-Term Investments | $ 160.2 M | |
| Cash | $ 160.2 M | |
| Net Receivables | $ 652.7 M | |
| Inventory | $ 587.7 M | |
| Long-Term Investments | $ 15.4 M | |
| LIABILITIES | ||
| Accounts Payable | $ 374.2 M | |
| Short-Term Debt | — | |
| Total Current Liabilities | $ 745.9 M | |
| Net Debt | $ 630.1 M | |
| Total Debt | $ 921.3 M | |
| Total Liabilities | $ 1.7 B | |
| EQUITY | ||
| Total Equity | $ 1.7 B | |
| Retained Earnings | $ 3.2 B | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 88.73 | |
| Shares Outstanding | 18.926 M | |
| Revenue Per-Share | $ 54.38 | |
| VALUATION | Market Capitalization | $ 8.0 B |
| Enterprise Value | $ 8.7 B | |
| Enterprise Multiple | 49.372 | |
| Enterprise Multiple QoQ | -21.68 % | |
| Enterprise Multiple YoY | 8.534 % | |
| Enterprise Multiple IPRWA | high: 189.33 mean: 82.143 median: 79.386 VMI: 49.372 low: -68.658 |
|
| EV/R | 8.498 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 2.046 | |
| Asset To Liability | 1.967 | |
| Debt To Capital | 0.354 | |
| Debt To Assets | 0.268 | |
| Debt To Assets QoQ | -2.377 % | |
| Debt To Assets YoY | 4.925 % | |
| Debt To Assets IPRWA | high: 0.817 VMI: 0.268 mean: 0.205 median: 0.163 low: 0.001 |
|
| Debt To Equity | 0.549 | |
| Debt To Equity QoQ | -3.228 % | |
| Debt To Equity YoY | 3.966 % | |
| Debt To Equity IPRWA | high: 2.025 mean: 0.633 VMI: 0.549 median: 0.365 low: -1.741 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 4.755 | |
| Price To Book QoQ | -5.679 % | |
| Price To Book YoY | 26.847 % | |
| Price To Book IPRWA | high: 21.786 mean: 8.643 median: 7.579 VMI: 4.755 low: -0.478 |
|
| Price To Earnings (P/E) | 76.577 | |
| Price To Earnings QoQ | -12.78 % | |
| Price To Earnings YoY | 8.115 % | |
| Price To Earnings IPRWA | high: 473.69 mean: 151.006 median: 120.094 VMI: 76.577 low: -132.076 |
|
| PE/G Ratio | 6.386 | |
| Price To Sales (P/S) | 7.759 | |
| Price To Sales QoQ | -2.139 % | |
| Price To Sales YoY | 22.702 % | |
| Price To Sales IPRWA | high: 30.36 mean: 9.365 VMI: 7.759 median: 7.354 low: 0.336 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 67.161 | |
| Forward PE/G | 5.6 | |
| Forward P/S | 27.934 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | -33.95 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.303 | |
| Asset Turnover Ratio QoQ | -1.849 % | |
| Asset Turnover Ratio YoY | 4.635 % | |
| Asset Turnover Ratio IPRWA | high: 0.603 median: 0.37 mean: 0.363 VMI: 0.303 low: 0.003 |
|
| Receivables Turnover | 1.656 | |
| Receivables Turnover Ratio QoQ | -3.91 % | |
| Receivables Turnover Ratio YoY | 12.905 % | |
| Receivables Turnover Ratio IPRWA | high: 3.62 VMI: 1.656 mean: 1.597 median: 1.579 low: 0.286 |
|
| Inventory Turnover | 1.234 | |
| Inventory Turnover Ratio QoQ | -1.959 % | |
| Inventory Turnover Ratio YoY | 6.432 % | |
| Inventory Turnover Ratio IPRWA | high: 29.455 median: 23.716 mean: 17.868 VMI: 1.234 low: 0.443 |
|
| Days Sales Outstanding (DSO) | 55.098 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 81.412 | |
| Cash Conversion Cycle Days QoQ | 2.619 % | |
| Cash Conversion Cycle Days YoY | -9.997 % | |
| Cash Conversion Cycle Days IPRWA | high: 165.232 VMI: 81.412 median: 45.639 mean: 37.722 low: -33.057 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 1.003 | |
| CapEx To Revenue | -0.034 | |
| CapEx To Depreciation | -1.529 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 2.5 B | |
| Net Invested Capital | $ 2.5 B | |
| Invested Capital | $ 2.5 B | |
| Net Tangible Assets | $ 972.8 M | |
| Net Working Capital | $ 1.0 B | |
| LIQUIDITY | ||
| Cash Ratio | 0.215 | |
| Current Ratio | 2.376 | |
| Current Ratio QoQ | 1.076 % | |
| Current Ratio YoY | 4.921 % | |
| Current Ratio IPRWA | high: 3.114 VMI: 2.376 mean: 1.471 median: 1.311 low: 0.399 |
|
| Quick Ratio | 1.588 | |
| Quick Ratio QoQ | 0.73 % | |
| Quick Ratio YoY | 5.643 % | |
| Quick Ratio IPRWA | high: 2.678 VMI: 1.588 mean: 1.365 median: 1.233 low: 0.384 |
|
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 5.2 | |
| Cost Of Debt | 0.758 % | |
| Interest Coverage Ratio | 16.422 | |
| Interest Coverage Ratio QoQ | 39.76 % | |
| Interest Coverage Ratio YoY | 29.636 % | |
| Interest Coverage Ratio IPRWA | high: 98.155 mean: 17.587 VMI: 16.422 median: 5.381 low: -53.041 |
|
| Operating Cash Flow Ratio | 0.082 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 45.932 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | 8.136 | |
| Dividend Payout Ratio | 0.123 | |
| Dividend Rate | $ 0.70 | |
| Dividend Yield | 0.002 | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 1.954 % | |
| Revenue Growth | -0.873 % | |
| Revenue Growth QoQ | 18.293 % | |
| Revenue Growth YoY | -86.68 % | |
| Revenue Growth IPRWA | high: 43.356 % median: 2.551 % mean: 1.938 % VMI: -0.873 % low: -38.754 % |
|
| Earnings Growth | 11.992 % | |
| Earnings Growth QoQ | -1095.187 % | |
| Earnings Growth YoY | -4.064 % | |
| Earnings Growth IPRWA | high: 90.741 % VMI: 11.992 % median: -3.03 % mean: -20.137 % low: -290.0 % |
|
| MARGINS | ||
| Gross Margin | 30.789 % | |
| Gross Margin QoQ | 3.312 % | |
| Gross Margin YoY | 2.521 % | |
| Gross Margin IPRWA | high: 44.209 % VMI: 30.789 % median: 21.513 % mean: 20.255 % low: -2.759 % |
|
| EBIT Margin | 15.017 % | |
| EBIT Margin QoQ | 30.776 % | |
| EBIT Margin YoY | 13.602 % | |
| EBIT Margin IPRWA | high: 18.192 % VMI: 15.017 % mean: 8.879 % median: 8.726 % low: -11.298 % |
|
| Return On Sales (ROS) | 15.121 % | |
| Return On Sales QoQ | 27.603 % | |
| Return On Sales YoY | 14.388 % | |
| Return On Sales IPRWA | high: 18.192 % VMI: 15.121 % median: 8.726 % mean: 8.649 % low: -11.426 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 68.9 M | |
| Free Cash Flow Yield | 0.863 % | |
| Free Cash Flow Yield QoQ | 0.818 % | |
| Free Cash Flow Yield YoY | 51.937 % | |
| Free Cash Flow Yield IPRWA | high: 9.759 % VMI: 0.863 % median: 0.493 % mean: 0.438 % low: -13.035 % |
|
| Free Cash Growth | -2.174 % | |
| Free Cash Growth QoQ | 965.686 % | |
| Free Cash Growth YoY | -97.257 % | |
| Free Cash Growth IPRWA | high: 521.174 % VMI: -2.174 % mean: -83.174 % median: -99.287 % low: -478.599 % |
|
| Free Cash To Net Income | 0.638 | |
| Cash Flow Margin | 5.963 % | |
| Cash Flow To Earnings | 0.568 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.04 | |
| Return On Assets (ROA) | 3.175 % | |
| Return On Assets QoQ | -29.865 % | |
| Return On Assets YoY | 21.975 % | |
| Return On Assets IPRWA | high: 6.018 % VMI: 3.175 % mean: 2.459 % median: 1.981 % low: -5.813 % |
|
| Return On Capital Employed (ROCE) | 5.747 % | |
| Return On Equity (ROE) | 0.064 | |
| Return On Equity QoQ | -31.132 % | |
| Return On Equity YoY | 20.536 % | |
| Return On Equity IPRWA | high: 0.168 VMI: 0.064 median: 0.061 mean: 0.06 low: -0.083 |
|
| DuPont ROE | 6.524 % | |
| Return On Invested Capital (ROIC) | 4.658 % | |
| Return On Invested Capital QoQ | 20.113 % | |
| Return On Invested Capital YoY | 16.363 % | |
| Return On Invested Capital IPRWA | high: 13.036 % mean: 5.431 % median: 4.794 % VMI: 4.658 % low: -8.802 % |
|