WallStSmart
VMC

Vulcan Materials Company

NYSE: VMC · BASIC MATERIALS · BUILDING MATERIALS

$282.70
-0.59% today

Updated 2026-06-05

Market cap
$37.17B
P/E ratio
33.90
P/S ratio
4.61x
EPS (TTM)
$8.45
Dividend yield
0.71%
52W range
$252 – $330
Volume
1.1M
OverviewPrice TargetsFinancialsValuationInsidersEarnings

Vulcan Materials Company (VMC) Financial Forecast & Price Target 2030

Research-backed projections from analyst consensus, management guidance, and sector analysis.

Research-backed VMC price target 2030 projection accounting for share dilution, balance sheet debt, and time value of money.
Current price
$282.70
Today
Analyst consensus
$324.00
+14.61% · 12M
2030 Base
—
— future
NPV today
—
@ — WACC
12 analysts:
7 Buy5 Hold1 Sell

Management guidance

Vulcan Materials issued 2026 guidance for modest growth in aggregate shipments and adjusted EBITDA. At the 2026 Investor Day, management announced an ambitious $20 per-ton cash gross profit target, nearly doubling 2025 performance (~$11 per ton). This implies significant operational leverage and margin expansion through 2030, driven by pricing power in aggregates and infrastructure/non-residential construction demand.

Sources: Management guidance, analyst consensus, sector analysishigh confidence

VMC · Vulcan Materials Company · Revenue & price projection · 2023–2030E

Actual / 2030 target Projected revenue Base case price Bull to bear range
Bear case (2030)
—
NPV today: —
Base case (2030)
—
NPV today: —
Bull case (2030)
—
NPV today: —
WallStSmart.com

VMC financial forecast · Research-backed projections

Metric20252026 (E)2027 (E)2028 (E)2029 (E)2030 (E) ★
Revenue$7.9B$8.1B$8.6B$9.3B$10.1B$11.0B
Revenue growth6.9%2.1%6.3%7.3%8.6%9.5%
Net margin——————
EPS$7.96$9.41$11.00$12.80$14.95$17.50
Diluted shares——————
Net debt——————
P/S multiple—2.0x2.0x2.0x2.0x2.0x
Implied price (base)—$755.68$783.66$839.64$923.60$1,007.57
★ 2030E is the model's terminal target year. Implied price = (Revenue × P/S − Net debt) ÷ Diluted shares.

Scenario detail · Three drivers, three outcomes

2030E driverBearBaseBull
Revenue$11.0B$11.0B$11.0B
P/S multiple1.0x2.0x4.0x
Diluted shares0M0M0M
Net debt———
Implied P/E †———
2030 Price$—$—$—
NPV @ —$—$—$—
† Implied P/E: Multiples remain elevated across all three scenarios because VMC is valued primarily on revenue scale during its growth phase, not near-term earnings power. Lower P/E in the bear case reflects multiple compression, but the absolute level stays high since 2030E still represents a hypergrowth-to-mature transition year.

EV to per-share bridge · How we get to $— base case

Bridge from revenue to per-share price$11.0B revenue times 2.0x P/S equals $22B EV, minus — net debt equals $22B equity, divided by 0M shares equals $— per shareREVENUE$11.0B2030 base case× 2.0xP/S multipleENTERPRISE VALUE$22BTotal firm value− —Net debtEQUITY VALUE$22BOwners' claim÷ 0MDiluted shares2030 PRICE TARGET$—Base case · per shareRevenue × P/S − Net debt ÷ Diluted shares = Per-share priceBear case: $— · Bull case: $— · NPV @ 0% WACC: $—

VMC catalysts and risks

Growth catalysts
+ Infrastructure spending acceleration from federal programs (IIJA, USMCA renegotiations)
+ Data center buildout driving aggregates demand (Microsoft, Amazon, Meta capex surge)
+ Achievement of $20/ton cash gross profit target through pricing and operational leverage
+ Non-residential construction recovery post-2026
+ M&A opportunities to consolidate fragmented aggregates market
Key risks
- Mexico expropriation dispute over Calica limestone operations (HR 7084 escalation, USMCA renegotiations)
- Project timing delays and funding uncertainties in infrastructure spending
- Recession scenario reducing construction demand and pricing power
- Environmental regulations impacting mining operations and costs
- High valuation (P/E 34.4x) limits upside if growth disappoints

Methodology · Vulcan Materials Company 2030 stock forecast model

Vulcan Materials Company 2030 price target is calculated using WallStSmart's research model. Revenue projections are derived from analyst consensus across 12 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts. The model is built on five core components:

1. Share dilutionProjected from per-ticker schedule of SBC + equity raise activity, compounding year by year (-100% cumulative for VMC by 2030)
2. Net debtEV minus net debt yields equity value; debt projected from capex cycle trajectory (— by 2030)
3. Time valueNPV calculated using — WACC (sector fallback)
4. Multiple frameworkP/S compresses with scale: bear 1.0x / base 2.0x / bull 4.0x
5. Scenario designBull/Base/Bear vary revenue, margin, shares, debt, and multiple independently

WallStSmart research model · Not financial advice · Past performance is not indicative of future results · Last researched: April 7, 2026.

VMC price target FAQ

How is the Vulcan Materials Company 2030 stock forecast calculated?

The VMC 2030 projection multiplies projected revenue by a growth-adjusted P/S multiple to derive enterprise value, subtracts projected net debt to get equity value, then divides by diluted shares outstanding accounting for dilution from stock-based compensation and equity raises.

What is the analyst consensus on VMC stock?

12 analysts cover VMC with an average 12-month price target of $324.00. The 2030 projection extends this framework with longer-horizon assumptions including dilution and time value of money.