United States Lime & Minerals Inc (USLM) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of United States Lime & Minerals Inc stock $131, price $118, upside +10.8%, quality 70 out of 100. Rating: fairly valued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 3, 2026.
How to read this chart
60‑month range $20.19 – $156.85 · fair‑value band $96.50 – $158.16 · the $118.10 price screens below the $130.89 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 3, 2026.
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United States Lime & Minerals, Inc. manufactures and supplies lime and limestone products in the United States. It extracts limestone from open-pit quarries and an underground mine, and processes it as pulverized limestone, quicklime, hydrated lime, and lime slurry.
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The company supplies its products primarily to the construction customers, including highway, road, and building contractors; industrial customers, such as paper and glass manufacturers; environmental customers comprising municipal sanitation and water treatment facilities, and flue gas treatment processes; oil and gas services companies; roof shingle manufacturers; and poultry producers, as well as steel producers.
In addition, the company has various royalty interests with respect to oil and gas rights in natural gas wells located in Johnson County, Texas in the Barnett Shale Formation. The company was incorporated in 1950 and is headquartered in Dallas, Texas.
United States Lime & Minerals, Inc. is a subsidiary of Inberdon Enterprises Ltd.
Stock analysis
United States Lime & Minerals Inc (USLM) currently trades at $118.10, while our model-based Fair Value estimate is $130.89, so the stock looks roughly fairly valued today (gap 9.8%).
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Valuation
Bull case: the DCF Models group reads highest at a median of $85.05 per share, and 1 of the 26 models we run sit above the $118.10 price.
Bear case: the Asset-Based group reads lowest at $14.07, and 25 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: $96.50 (bear) to $158.16 (bull), the price of $118.10 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 70/100 (solid quality), in the Basic Materials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
United States Lime & Minerals Inc reported revenue of $373M in FY2025 versus $189M in FY2021, a compound +18.5%/yr. Reported net income was $134M in FY2025, compounding +38.0%/yr from FY2021.
Key figures
Market cap $3.4B Mid · P/E ratio 25.3 · P/S ratio 9.02 · EPS (TTM) $4.67 · Dividend yield 0.2% · Net margin 35.7% · Return on equity 21.4% · Return on assets (EBIT) 19.0% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 87 out of 100 (low confidence).
What moves the price
The share trades about 15% below its 52-week high and 21% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −21% fair-value upside, at 11%, USLM screens cheaper than that median.
Fair Value models
Bear$96.50Fair Value $130.89Bull$158.16
Price $118.10 · Upside +10.8%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then ($3.79 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
In the last 6 months, one officer or director sold shares worth $2.2M and none bought.
SaleAntoine M DoumetDirector20,000 shares at $110.00$2.2MSep 9, 2026
BuyCandou Holdings Ltd.10% owner20,000 shares at $110.00$2.2MSep 9, 2026
SaleSandra C DuheDirector1,277 shares at $120.45$153,815Mar 3, 2026
Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.80/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+17.3%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+16.4%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+18.3%
Start year 2020 (pandemic). Over 10 years: +11.0% a year
Revenue growth 34 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+6.8%
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What shareholders gained per year (last 5 years) (mathematically smoothed) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip.
+37.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year+37.7%
Dividend (yield on the price)0.2%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.base effect: 36.1% / 22.0%
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.21% → 42%
2025 sits 79% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+14.6%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about +11.9% a year for the price.
News mood ⓘNews mood, the average tone of recent news (85 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Hype
Recent news coverage is unusually upbeat, far more positive than stocks are typically covered.
AI conclusion: High margins and returns indicate possible pricing power as the main strength, while thin and inconclusive signals on other moat sources form the key weakness.
Main risk: Changes in key end markets for construction, steel and environmental applications could reduce demand and hit cash flows.
United States Lime & Minerals extracts limestone from quarries and turns it into products used across construction, steel and environmental applications. A director sold shares in September while an affiliated holder bought the exact same amount. Our models currently see it as undervalued. Will the steady need for these materials keep supporting solid cash flows or will changes in key end markets create new pressure?
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Building Materials · 257 stocks
Beats the industry median on 7/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score70 · Top 25%
Fair Value upside+10.8% · Above median
Profitability
Return on equity (12 months)21.4% · Top 25%
Return on assets19.7% · Top 25%
Net margin (12 months)35.7% · Top 25%
Operating margin (12 months)41.0% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)8.3% · Above median
Dividend yield (12 months)0.2% · Bottom 25%
Valuation Multiplesvs Building Materials median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "United States Lime & Minerals Inc Fair Value". https://www.fairvalue-calculator.com/stock/USLM
Frequently asked questions
Is United States Lime & Minerals Inc (USLM) overvalued or undervalued?
As of Nov 3, 2026, our model estimates a fair value of $130.89 versus a price of $118.10, about +11% upside (fairly valued).
What is the fair value of USLM?
Our model-based fair value for United States Lime & Minerals Inc is $130.89 (as of Nov 3, 2026), built from audited fundamentals. The current price: $118.10.
What is the quality score of USLM?
United States Lime & Minerals Inc has a Quality Score of 70/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for United States Lime & Minerals Inc (USLM)?
Our model-based price target is the fair value of $130.89 (as of Nov 3, 2026) from 26 valuation models. Cautious scenario $96.50, optimistic scenario $158.16. It is a calculation from audited fundamentals, not an analyst target.
What is the United States Lime & Minerals Inc stock forecast for 2026?
Our models put fair value at $130.89, about +11% upside versus a price of $118.10 (fairly valued). Cautious scenario $96.50, optimistic scenario $158.16. The calculation is refreshed regularly with new filings.
What is the revenue of United States Lime & Minerals Inc (USLM)?
United States Lime & Minerals Inc reported trailing-twelve-month revenue of about $377M (latest available figure, as of Nov 3, 2026).
Does United States Lime & Minerals Inc pay a dividend?
United States Lime & Minerals Inc currently shows a dividend yield of 0.20% relative to its recent price (as of Nov 3, 2026).
How much is the dividend of United States Lime & Minerals Inc (USLM) and when is the ex-dividend date?
United States Lime & Minerals Inc pays a dividend of $0.24 per share a year, a dividend yield of 0.2%. The last ex-dividend date was Aug 21, 2026. A dividend has been paid every year since 2014. The payout ratio is 5.1% of earnings. Free cash flow covers the dividend 14.85 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into United States Lime & Minerals Inc (USLM)?
For today's price to be fair in a discounted-cash-flow model, United States Lime & Minerals Inc would have to grow free cash flow by +14.6 % per year for five years (discount rate 8.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +18.3 % per year. As of Nov 3, 2026.
What discount rate (WACC) does the fair value of USLM use?
Our models discount United States Lime & Minerals Inc at 8.9 %: a base by market capitalisation (mid), damped by beta 0.65, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For United States Lime & Minerals Inc that is +14.6 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (8.9 %) and the same formula as our fair value.
How much growth has United States Lime & Minerals Inc (USLM) delivered so far?
Over the past 5 years revenue at United States Lime & Minerals Inc grew +18.3 % a year. The price currently implies free-cash-flow growth of +14.6 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of United States Lime & Minerals Inc (USLM) growing?
The median revenue growth in the sector is +9.8 % a year. That is the yardstick for the growth priced into United States Lime & Minerals Inc (+14.6 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of United States Lime & Minerals Inc (USLM)?
The free-cash-flow yield on the price is 3.01 %: that much free cash flow United States Lime & Minerals Inc produces per unit of market value. When it exceeds the discount rate of our models (8.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of United States Lime & Minerals Inc (USLM)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For United States Lime & Minerals Inc it is $130.89 per share (as of Nov 3, 2026), against a price of $118.10. It is the blended result of 26 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is United States Lime & Minerals Inc stock overvalued or undervalued in 2026?
As of Nov 3, 2026, USLM trades below its calculated fair value: price $118.10, fair value $130.89, a gap of about +11% (fairly valued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of USLM?
No. The price is what the market pays today ($118.10); the fair value is what the company's own numbers justify ($130.89). For United States Lime & Minerals Inc the two are $12.79 per share apart. That gap is exactly why we show both numbers side by side.
How much is United States Lime & Minerals Inc worth?
The market values United States Lime & Minerals Inc at about $3.4B (market capitalisation, as of Nov 3, 2026). Per share that is $118.10; our models calculate a fair value of $130.89 per share.
What do the bullish and bearish scenarios say about USLM?
Our models span a range for United States Lime & Minerals Inc: cautious scenario $96.50, base $130.89, optimistic $158.16 per share (as of Nov 3, 2026, price $118.10). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of USLM?
United States Lime & Minerals Inc trades at a price-to-earnings ratio of 25.3 (as of Nov 3, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $130.89 is built from several models across several years. Other multiples: P/B 5.4, P/S 9.0, EV/EBITDA 16.4.
How solid is the balance sheet of United States Lime & Minerals Inc (USLM)?
Balance-sheet figures for United States Lime & Minerals Inc (as of Nov 3, 2026): return on equity 21.4%. They feed the Quality Score of 70/100, which measures business quality independently of the share price.
How far is USLM from its 52-week high?
United States Lime & Minerals Inc trades at $118.10, about 15% below its 52-week high of $139.31 and 21% above the low of $97.44 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $130.89 is for.
Which stocks are comparable to United States Lime & Minerals Inc?
From the same area (Basic Materials) we also value CRH plc, Holcim AG, Martin Marietta Materials, Inc, Vulcan Materials Company, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is United States Lime & Minerals Inc stock attractive at the current price?
The data as of Nov 3, 2026: price $118.10, calculated fair value $130.89 (+11%), Quality Score 70/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of USLM calculated?
We run United States Lime & Minerals Inc through 26 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of $130.89 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0% above its aggregate fair value. United States Lime & Minerals Inc currently trades 10% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of United States Lime & Minerals Inc (USLM)?
The closing price on Nov 6, 2026 was $118.10. Our model-based fair value is $130.89, about +11% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with United States Lime & Minerals Inc right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. The price sits in the lower half of our model range, the side with the larger margin of safety. The data supports the verdict: every model runs on fully documented inputs.
Where does the earnings growth of United States Lime & Minerals Inc (USLM) come from?
Earnings per share at United States Lime & Minerals Inc grew +22.5 % a year from 2014 to 2025. Broken into its drivers: revenue per share +9.5 %, EBIT margin +9.6 %, tax rate +0.7 %, residual (interest, one-offs) +1.4 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of United States Lime & Minerals Inc
How large is the market capitalisation of United States Lime & Minerals Inc (USLM)?
The market capitalisation of United States Lime & Minerals Inc is $3.4B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of United States Lime & Minerals Inc (USLM)?
The price-to-sales ratio of United States Lime & Minerals Inc is 9.02 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of United States Lime & Minerals Inc (USLM)?
Earnings per share at United States Lime & Minerals Inc are $4.67 (price ÷ EPS = P/E 25.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of United States Lime & Minerals Inc (USLM)?
The dividend yield of United States Lime & Minerals Inc is 0.2% (payout 5.1%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of United States Lime & Minerals Inc (USLM)?
The net margin of United States Lime & Minerals Inc is 35.7% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of United States Lime & Minerals Inc (USLM)?
The return on equity (ROE) of United States Lime & Minerals Inc is 21.4% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of United States Lime & Minerals Inc (USLM)?
On an EBIT basis the return on assets of United States Lime & Minerals Inc is 19.0% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of United States Lime & Minerals Inc (USLM)?
The operating margin of United States Lime & Minerals Inc is 41.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at United States Lime & Minerals Inc (USLM)?
Revenue at United States Lime & Minerals Inc is growing +8.3% versus a year earlier (3y avg +16.4%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at United States Lime & Minerals Inc (USLM)?
Earnings per share at United States Lime & Minerals Inc are growing +12.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does United States Lime & Minerals Inc (USLM) hold?
United States Lime & Minerals Inc holds more cash than debt, $367M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Broad data
Nov 3, 2026