Valuation Update With 7 Day Price Move • Jun 04
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €4.70, the stock trades at a trailing P/E ratio of 11.3x. Average trailing P/E is 14x in the Energy Services industry in Europe. Total returns to shareholders of 275% over the past three years. Recent Insider Transactions • May 29
Independent Director recently sold €212k worth of stock On the 26th of May, Sharon Spurlin sold around 50k shares on-market at roughly €4.24 per share. This transaction amounted to 21% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €870k. Insiders have been net sellers, collectively disposing of €1.5m more than they bought in the last 12 months. Board Change • May 20
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 4 highly experienced directors. Independent Director Frank Porcelli was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Apr 23
Smart Sand, Inc., Annual General Meeting, Jun 02, 2026 Smart Sand, Inc., Annual General Meeting, Jun 02, 2026. Announcement • Apr 10
Smart Sand, Inc. Declares Special Cash Dividend, Payable on May 5, 2026 Smart Sand, Inc. announced that its board of directors has declared a special cash dividend on the Company's common stock of $0.10 per share, payable on May 5, 2026, to stockholders of record as of the close of business on April 22, 2026. Announcement • Nov 19
Smart Sand, Inc. Declares Special Cash Dividend, Payable on December 16, 2025 Smart Sand, Inc. announced that its board of directors has declared a special cash dividend on the Company's common stock of $0.05 per share, payable on December 16, 2025, to stockholders of record as of the close of business on December 2, 2025. Announcement • Nov 12
Smart Sand, Inc. Provides Earnings Guidance for the Year 2025 Smart Sand, Inc. provided earnings guidance for the year 2025. For the year, the company expects sales volumes to be in the 5.1 million to 5.4 million range. Announcement • Aug 04
Smart Sand, Inc. to Report Q2, 2025 Results on Aug 12, 2025 Smart Sand, Inc. announced that they will report Q2, 2025 results After-Market on Aug 12, 2025 Announcement • Jul 24
Smart Sand, Inc. Declares Special Cash Dividend on Common Stock, Payable on August 14, 2025 Smart Sand, Inc. announced that its board of directors has declared a special cash dividend on the Company's common stock of $0.10 per share, payable on August 14, 2025, to stockholders of record as of the close of business on August 4, 2025. Announcement • May 01
Smart Sand, Inc. to Report Q1, 2025 Results on May 13, 2025 Smart Sand, Inc. announced that they will report Q1, 2025 results After-Market on May 13, 2025 Announcement • Apr 25
Smart Sand, Inc., Annual General Meeting, Jun 03, 2025 Smart Sand, Inc., Annual General Meeting, Jun 03, 2025. Announcement • Mar 04
Smart Sand, Inc. Provides Financial Guidance for the First Quarter and Full Year of 2025 Smart Sand, Inc. provided financial guidance for the first quarter and full year of 2025. The company currently expect sales volumes to moderate in the first quarter due to the unusually robust nature of demand in the fourth quarter, which shifted the typical winter slowdown the company often experience in the fourth quarter to the first quarter of this year. While the company expects first quarter 2025 sales volumes to be down from the record fourth quarter results, the company currently expect sales volumes for 2025 to be flat to up approximately 5% from 2024 levels and its contribution margin per ton to be at levels consistent with 2024. Announcement • Feb 25
Smart Sand, Inc. to Report Q4, 2024 Results on Mar 03, 2025 Smart Sand, Inc. announced that they will report Q4, 2024 results After-Market on Mar 03, 2025 Board Change • Dec 30
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 4 highly experienced directors. Independent Director Frank Porcelli was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 14
Third quarter 2024 earnings released: US$0.003 loss per share (vs US$0.18 profit in 3Q 2023) Third quarter 2024 results: US$0.003 loss per share (down from US$0.18 profit in 3Q 2023). Revenue: US$63.2m (down 18% from 3Q 2023). Net loss: US$98.0k (down 101% from profit in 3Q 2023). Revenue is forecast to grow 2.8% p.a. on average during the next 2 years, compared to a 2.4% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 109% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. New Risk • Nov 14
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.0% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.4% net profit margin). Shareholders have been diluted in the past year (3.9% increase in shares outstanding). Significant insider selling over the past 3 months (€59k sold). Valuation Update With 7 Day Price Move • Nov 06
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €2.16, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 7x in the Energy Services industry in Europe. Total returns to shareholders of 15% over the past three years. Announcement • Oct 30
Smart Sand, Inc. to Report Q3, 2024 Results on Nov 12, 2024 Smart Sand, Inc. announced that they will report Q3, 2024 results After-Market on Nov 12, 2024 Recent Insider Transactions • Aug 20
Insider recently sold €59k worth of stock On the 16th of August, Christopher Green sold around 33k shares on-market at roughly €1.78 per share. This transaction amounted to 42% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €195k more than they bought in the last 12 months. Reported Earnings • Aug 15
Second quarter 2024 earnings released: US$0.011 loss per share (vs US$0.17 profit in 2Q 2023) Second quarter 2024 results: US$0.011 loss per share (down from US$0.17 profit in 2Q 2023). Revenue: US$73.8m (down 1.3% from 2Q 2023). Net loss: US$430.0k (down 107% from profit in 2Q 2023). Revenue is expected to decline by 5.7% p.a. on average during the next 2 years, while revenues in the Energy Services industry in Europe are expected to grow by 4.6%. Over the last 3 years on average, earnings per share has increased by 95% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Announcement • Jul 27
Smart Sand, Inc. to Report Q2, 2024 Results on Aug 13, 2024 Smart Sand, Inc. announced that they will report Q2, 2024 results After-Market on Aug 13, 2024 New Risk • Jun 10
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 9.4% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 9.4% per year for the foreseeable future. Minor Risks Share price has been volatile over the past 3 months (7.3% average weekly change). Large one-off items impacting financial results. Shareholders have been diluted in the past year (2.5% increase in shares outstanding). Market cap is less than US$100m (€82.1m market cap, or US$88.1m). Reported Earnings • May 14
First quarter 2024 earnings released: US$0.006 loss per share (vs US$0.087 loss in 1Q 2023) First quarter 2024 results: US$0.006 loss per share (improved from US$0.087 loss in 1Q 2023). Revenue: US$83.1m (flat on 1Q 2023). Net loss: US$216.0k (loss narrowed 94% from 1Q 2023). Revenue is forecast to grow 1.1% p.a. on average during the next 2 years, compared to a 1.8% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Announcement • May 03
Smart Sand, Inc. to Report Q1, 2024 Results on May 13, 2024 Smart Sand, Inc. announced that they will report Q1, 2024 results After-Market on May 13, 2024 Announcement • Apr 26
Smart Sand, Inc., Annual General Meeting, Jun 04, 2024 Smart Sand, Inc., Annual General Meeting, Jun 04, 2024, at 09:00 Central Standard Time. Agenda: To elect two Class II members of the board of directors to serve until the 2027 Annual Meeting of Stockholders and until their successors have been duly elected and qualified; to ratify the selection of Grant Thornton LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2024; to conduct an advisory vote on the compensation paid to the Company’s named executive officers for the year ended December 31, 2023; and to transact such other business as may properly come before the meeting or any continuation, adjournment or postponement thereof. New Risk • Mar 12
New major risk - Revenue and earnings growth Earnings have declined by 36% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 36% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (5.8% increase in shares outstanding). Market cap is less than US$100m (€79.5m market cap, or US$86.9m). Reported Earnings • Mar 12
Full year 2023 earnings released: EPS: US$0.12 (vs US$0.017 loss in FY 2022) Full year 2023 results: EPS: US$0.12 (up from US$0.017 loss in FY 2022). Revenue: US$296.0m (up 16% from FY 2022). Net income: US$4.65m (up US$5.35m from FY 2022). Profit margin: 1.6% (up from net loss in FY 2022). Revenue is expected to decline by 4.9% p.a. on average during the next 2 years, while revenues in the Energy Services industry in Europe are expected to grow by 2.0%. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 11% per year, which means it is performing significantly worse than earnings. Board Change • Mar 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 4 highly experienced directors. Independent Director Frank Porcelli was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Feb 29
Smart Sand, Inc. to Report Q4, 2023 Results on Mar 11, 2024 Smart Sand, Inc. announced that they will report Q4, 2023 results After-Market on Mar 11, 2024 Announcement • Dec 28
Smart Sand, Inc. Announces the Resignation of Jos E. Feliciano from the Board of Directors and from the Compensation Committee of the Board, Effective December 31, 2023 On December 21, 2023, Smart Sand, Inc. received a letter of resignation from Jos E. Feliciano indicating that he has resigned from his position on the Board of Directors of the Company and from the Compensation Committee of the Board, effective December 31, 2023. Recent Insider Transactions • Dec 05
Key Executive recently sold €137k worth of stock On the 1st of December, Andrew Speaker sold around 75k shares on-market at roughly €1.81 per share. This transaction amounted to 7.5% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Andrew's only on-market trade for the last 12 months. New Risk • Nov 12
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 23% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 71% per year for the foreseeable future. Minor Risks Share price has been volatile over the past 3 months (6.7% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (€80.0m market cap, or US$85.5m). Reported Earnings • Nov 10
Third quarter 2023 earnings released: EPS: US$0.18 (vs US$0.063 in 3Q 2022) Third quarter 2023 results: EPS: US$0.18 (up from US$0.063 in 3Q 2022). Revenue: US$76.9m (up 7.4% from 3Q 2022). Net income: US$6.73m (up 151% from 3Q 2022). Profit margin: 8.7% (up from 3.7% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is expected to decline by 2.6% p.a. on average during the next 2 years, while revenues in the Energy Services industry in Europe are expected to grow by 2.1%. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Announcement • Oct 21
Smart Sand, Inc. to Report Q3, 2023 Results on Nov 07, 2023 Smart Sand, Inc. announced that they will report Q3, 2023 results at 4:00 PM, US Eastern Standard Time on Nov 07, 2023 Valuation Update With 7 Day Price Move • Oct 06
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €1.84, the stock trades at a trailing P/E ratio of 10.5x. Average forward P/E is 9x in the Energy Services industry in Europe. Total returns to shareholders of 44% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €3.11 per share. Reported Earnings • Aug 09
Second quarter 2023 earnings released: EPS: US$0.17 (vs US$0.002 loss in 2Q 2022) Second quarter 2023 results: EPS: US$0.17 (up from US$0.002 loss in 2Q 2022). Revenue: US$74.8m (up 8.8% from 2Q 2022). Net income: US$6.31m (up US$6.40m from 2Q 2022). Profit margin: 8.4% (up from net loss in 2Q 2022). Revenue is forecast to grow 6.2% p.a. on average during the next 2 years, compared to a 3.2% growth forecast for the Energy Services industry in Europe. Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Announcement • Jul 26
Smart Sand, Inc. to Report Q2, 2023 Results on Aug 08, 2023 Smart Sand, Inc. announced that they will report Q2, 2023 results After-Market on Aug 08, 2023 New Risk • Jun 22
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 17% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 17% per year for the foreseeable future. Minor Risks Share price has been volatile over the past 3 months (7.6% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (€63.3m market cap, or US$69.5m). Valuation Update With 7 Day Price Move • May 16
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to €1.40, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 10x in the Energy Services industry in Europe. Total returns to shareholders of 71% over the past three years. Reported Earnings • May 10
First quarter 2023 earnings released: US$0.087 loss per share (vs US$0.14 loss in 1Q 2022) First quarter 2023 results: US$0.087 loss per share (improved from US$0.14 loss in 1Q 2022). Revenue: US$82.4m (up 98% from 1Q 2022). Net loss: US$3.60m (loss narrowed 39% from 1Q 2022). Revenue is expected to decline by 4.5% p.a. on average during the next 2 years, while revenues in the Energy Services industry in Europe are expected to grow by 3.1%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 104 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 02
Full year 2022 earnings released: US$0.017 loss per share (vs US$1.21 loss in FY 2021) Full year 2022 results: US$0.017 loss per share (improved from US$1.21 loss in FY 2021). Revenue: US$255.7m (up 102% from FY 2021). Net loss: US$703.0k (loss narrowed 99% from FY 2021). Revenue is expected to decline by 2.1% p.a. on average during the next 2 years, while revenues in the Energy Services industry in Europe are expected to grow by 5.0%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 90 percentage points per year, which is a significant difference in performance. Announcement • Feb 11
Smart Sand, Inc. to Report Q4, 2022 Results on Feb 28, 2023 Smart Sand, Inc. announced that they will report Q4, 2022 results at 4:00 PM, US Eastern Standard Time on Feb 28, 2023 Reported Earnings • Nov 10
Third quarter 2022 earnings released: EPS: US$0.063 (vs US$0.17 loss in 3Q 2021) Third quarter 2022 results: EPS: US$0.063 (up from US$0.17 loss in 3Q 2021). Revenue: US$71.6m (up 108% from 3Q 2021). Net income: US$2.68m (up US$9.95m from 3Q 2021). Profit margin: 3.7% (up from net loss in 3Q 2021). Revenue is expected to decline by 6.9% p.a. on average during the next 3 years, while revenues in the Energy Services industry in Europe are expected to grow by 6.7%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 94 percentage points per year, which is a significant difference in performance. Announcement • Oct 22
Smart Sand, Inc. to Report Q3, 2022 Results on Nov 08, 2022 Smart Sand, Inc. announced that they will report Q3, 2022 results at 4:00 PM, US Eastern Standard Time on Nov 08, 2022 Reported Earnings • Aug 11
Second quarter 2022 earnings released: US$0.002 loss per share (vs US$0.65 loss in 2Q 2021) Second quarter 2022 results: US$0.002 loss per share (up from US$0.65 loss in 2Q 2021). Revenue: US$68.7m (up 132% from 2Q 2021). Net loss: US$90.0k (loss narrowed 100% from 2Q 2021). Over the next year, revenue is forecast to grow 41%, compared to a 12% growth forecast for the industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 92 percentage points per year, which is a significant difference in performance. Announcement • Jul 21
Smart Sand, Inc. to Report Q2, 2022 Results on Aug 09, 2022 Smart Sand, Inc. announced that they will report Q2, 2022 results After-Market on Aug 09, 2022 Recent Insider Transactions • Jun 03
Chief Operating Officer recently sold €173k worth of stock On the 2nd of June, William Young sold around 54k shares on-market at roughly €3.20 per share. In the last 3 months, there was an even bigger sale from another insider worth €279k. William has been a seller over the last 12 months, reducing personal holdings by €286k. Recent Insider Transactions • May 25
Chief Financial Officer recently sold €154k worth of stock On the 23rd of May, Lee Beckelman sold around 50k shares on-market at roughly €3.07 per share. In the last 3 months, there was an even bigger sale from another insider worth €279k. This was Lee's only on-market trade for the last 12 months. Reported Earnings • May 13
First quarter 2022 earnings released: US$0.14 loss per share (vs US$0.094 loss in 1Q 2021) First quarter 2022 results: US$0.14 loss per share (down from US$0.094 loss in 1Q 2021). Revenue: US$41.6m (up 52% from 1Q 2021). Net loss: US$5.92m (loss widened 51% from 1Q 2021). Over the next year, revenue is forecast to grow 55%, compared to a 18% growth forecast for the industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 75 percentage points per year, which is a significant difference in performance. Announcement • May 12
Smart Sand, Inc. Provides Earnings Guidance for the Second Quarter of 2022 Smart Sand, Inc. provided earnings guidance for the second quarter of 2022. The Company currently expects sales volumes to be up at least 25% in the second quarter from first quarter levels. Revenue, net loss, improved compared to fourth quarter 2021 results and the company expects this trend to continue. Buying Opportunity • Apr 23
Now 28% undervalued Over the last 90 days, the stock is up 120%. The fair value is estimated to be €5.24, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 28% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to grow by 58% in 2 years. Earnings is forecast to grow by 97% in the next 2 years. Announcement • Apr 22
Smart Sand, Inc. to Report Q1, 2022 Results on May 11, 2022 Smart Sand, Inc. announced that they will report Q1, 2022 results After-Market on May 11, 2022 Recent Insider Transactions • Mar 16
Key Executive recently sold €279k worth of stock On the 14th of March, Andrew Speaker sold around 100k shares on-market at roughly €2.79 per share. This was the largest sale by an insider in the last 3 months. This was Andrew's only on-market trade for the last 12 months. Announcement • Mar 10
Smart Sand, Inc. (NasdaqGS:SND) acquired Hi-Crush Blair LLC from Hi-Crush Inc. for $6.4 million. Smart Sand, Inc. (NasdaqGS:SND) acquired Hi-Crush Blair LLC from Hi-Crush Inc. for $6.4 million on March 4, 2022. The Transaction was unanimously approved by the disinterested Directors of both the buyer and seller. Fox Rothschild LLP acted as legal advisor to Smart Sand, Inc. Nygard Advisors, LLC acted as legal advisor to Hi-Crush Inc.
Smart Sand, Inc. (NasdaqGS:SND) completed the acquisition of Hi-Crush Blair LLC from Hi-Crush Inc. on March 4, 2022. Reported Earnings • Mar 10
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: US$1.21 loss per share (down from US$0.94 profit in FY 2020). Revenue: US$126.6m (up 3.5% from FY 2020). Net loss: US$50.7m (down 234% from profit in FY 2020). Revenue exceeded analyst estimates by 1.3%. Over the next year, revenue is forecast to grow 26%, compared to a 22% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Announcement • Feb 25
Smart Sand, Inc. to Report Q4, 2021 Results on Mar 08, 2022 Smart Sand, Inc. announced that they will report Q4, 2021 results After-Market on Mar 08, 2022 Reported Earnings • Nov 11
Third quarter 2021 earnings released: US$0.17 loss per share (vs US$0.91 profit in 3Q 2020) The company reported a mediocre third quarter result with weaker earnings and weaker control over costs, although revenues improved. Third quarter 2021 results: Revenue: US$34.5m (up 47% from 3Q 2020). Net loss: US$7.26m (down 120% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Sep 29
Investor sentiment improved over the past week After last week's 18% share price gain to €2.08, the stock trades at a trailing P/E ratio of 46.8x. Average forward P/E is 8x in the Energy Services industry in Europe. Total loss to shareholders of 45% over the past three years. Reported Earnings • Aug 05
Second quarter 2021 earnings released: US$0.65 loss per share (vs US$0.12 profit in 2Q 2020) The company reported a soft second quarter result with weaker earnings and weaker control over costs, although revenues improved. Second quarter 2021 results: Revenue: US$29.6m (up 14% from 2Q 2020). Net loss: US$27.3m (down US$31.9m from profit in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 24% per year, which means it is performing significantly worse than earnings. Valuation Update With 7 Day Price Move • Jul 20
Investor sentiment deteriorated over the past week After last week's 17% share price decline to US$2.18, the stock trades at a trailing P/E ratio of 3.2x. Average forward P/E is 10x in the Energy Services industry in Europe. Total loss to shareholders of 49% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €1.63 per share. Recent Insider Transactions • Jun 17
Chief Operating Officer recently sold €113k worth of stock On the 14th of June, William Young sold around 48k shares on-market at roughly €2.38 per share. This was the largest sale by an insider in the last 3 months. This was William's only on-market trade for the last 12 months. Valuation Update With 7 Day Price Move • Jun 05
Investor sentiment improved over the past week After last week's 33% share price gain to US$2.82, the stock trades at a trailing P/E ratio of 3.9x. Average forward P/E is 11x in the Energy Services industry in Europe. Total loss to shareholders of 43% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €3.50 per share. Reported Earnings • May 06
First quarter 2021 earnings released: US$0.094 loss per share (vs US$0.002 loss in 1Q 2020) The company reported a poor first quarter result with increased losses, weaker revenues and weaker control over costs. First quarter 2021 results: Revenue: US$27.5m (down 42% from 1Q 2020). Net loss: US$3.91m (loss widened US$3.83m from 1Q 2020). Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 30% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Mar 12
Investor sentiment improved over the past week After last week's 16% share price gain to US$2.50, the stock is trading at a trailing P/E ratio of 3.2x, up from the previous P/E ratio of 2.8x. This compares to an average P/E of 13x in the Energy Services industry in Europe. Total return to shareholders over the past three years is a loss of 49%. Recent Insider Transactions • Mar 11
Executive VP recently sold €105k worth of stock On the 8th of March, James Young sold around 42k shares on-market at roughly €2.50 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €190k more than they bought in the last 12 months. Reported Earnings • Mar 04
Full year 2020 earnings released: EPS US$0.94 (vs US$0.79 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: US$122.3m (down 48% from FY 2019). Net income: US$38.0m (up 20% from FY 2019). Profit margin: 31% (up from 14% in FY 2019). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings. Analyst Estimate Surprise Post Earnings • Mar 04
Revenue beats expectations Revenue exceeded analyst estimates by 5.1%. Over the next year, revenue is forecast to grow 6.2% while theEnergy Services industry in Germany is not expected to grow. Is New 90 Day High Low • Mar 02
New 90-day high: €2.80 The company is up 83% from its price of €1.53 on 02 December 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Energy Services industry, which is up 16% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €2.19 per share. Announcement • Feb 11
Smart Sand, Inc. Announces Board and Committee Changes On February 9, 2021, Smart Sand, Inc. received a letter of resignation from Colin Leonard indicating that he has resigned from his position on the Board of Directors of the Company and from each of the Audit Committee of the Board and the Nominating and Corporate Governance Committee of the Board. On February 9, 2021, the Company appointed Frank Porcelli to serve as a Class II director of the Company until the Company's next annual meeting of stockholders and until his successor is duly elected and qualified. The Board has determined that Mr. Porcelli qualifies to serve as an independent director and has designated him as a member of the Board's Audit Committee and Nominating Committee. Per the stockholders' agreement between the Company, an affiliate of Clearlake Capital Group, L.P., and Keystone Cranberry, LLC, Clearlake has designated Mr. Porcelli to replace Mr. Leonard on the Board. Mr. Porcelli has over thirty years of experience in various finance and wealth management roles. He is currently a partner in Convergency Partners. Prior to this, from 2006 to 2020, he had various roles with Blackrock, Inc., including as a Managing Director and the Chairman of BlackRock's US Wealth Advisory business. Executive Departure • Feb 11
Independent Director has left the company On the 9th of February, Colin Leonard's tenure as Independent Director ended after 9.4 years in the role. As of September 2020, Colin personally held only 35.72k shares (€39k worth at the time). Colin is the only executive to leave the company over the last 12 months. Valuation Update With 7 Day Price Move • Feb 10
Investor sentiment improved over the past week After last week's 42% share price gain to US$2.22, the stock is trading at a trailing P/E ratio of 2.2x, up from the previous P/E ratio of 1.5x. This compares to an average P/E of 13x in the Energy Services industry in Europe. Total return to shareholders over the past three years is a loss of 66%. Is New 90 Day High Low • Feb 10
New 90-day high: €2.22 The company is up 78% from its price of €1.25 on 11 November 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Energy Services industry, which is up 21% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €2.33 per share. Announcement • Feb 06
Smart Sand, Inc. to Report Q4, 2020 Results on Mar 02, 2021 Smart Sand, Inc. announced that they will report Q4, 2020 results After-Market on Mar 02, 2021 Announcement • Jan 28
Smart Sand, Inc.(NasdaqGS:SND) dropped from Russell 2000 Dynamic Index Smart Sand, Inc.(NasdaqGS:SND) dropped from Russell 2000 Dynamic Index Recent Insider Transactions • Dec 17
Co-Chairman of the Board recently sold €85k worth of stock On the 14th of December, Andrew Speaker sold around 50k shares on-market at roughly €1.71 per share. This was the largest sale by an insider in the last 3 months. This was Andrew's only on-market trade for the last 12 months. Is New 90 Day High Low • Dec 12
New 90-day high: €1.73 The company is up 70% from its price of €1.02 on 11 September 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Energy Services industry, which is up 31% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.97 per share. Is New 90 Day High Low • Nov 18
New 90-day high: €1.41 The company is up 18% from its price of €1.20 on 20 August 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Energy Services industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.99 per share. Reported Earnings • Nov 11
Third quarter 2020 earnings released: EPS US$0.91 Third quarter 2020 results: Revenue: US$23.4m (down 64% from 3Q 2019). Net income: US$36.3m (up 232% from 3Q 2019). Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 44% per year, which means it is significantly lagging earnings. Analyst Estimate Surprise Post Earnings • Nov 11
Revenue beats expectations Revenue exceeded analyst estimates by 46%. Over the next year, revenue is expected to shrink by 24% compared to a 9.5% decline forecast for the Energy Services industry in Germany. Announcement • Oct 17
Smart Sand, Inc. to Report Q3, 2020 Results on Nov 09, 2020 Smart Sand, Inc. announced that they will report Q3, 2020 results at 5:00 PM, Eastern Standard Time on Nov 09, 2020 Announcement • Sep 22
Smart Sand, Inc. (NasdaqGS:SND) acquired Eagle Oil & Gas Proppants Holdings LLC from Eagle Materials Inc. (NYSE:EXP) for $2.1 million. Smart Sand, Inc. (NasdaqGS:SND) acquired Eagle Oil & Gas Proppants Holdings LLC from Eagle Materials Inc. (NYSE:EXP) for $2.1 million on September 18, 2020. Under the terms of the consideration, Smart issued 1.5 million common shares. The consideration is subject to customary purchase price adjustments. In a related transaction, Smart entered into a loan agreement with Eagle whereby Eagle will make loans in an aggregate amount up to $5.0 million during the twelve month period ending September 18, 2021 to provide initial liquidity support to Smart. The transaction is expected to be accretive to cash flow from operations. Baker Botts L.L.P. represented by James D. Young acted as legal advisor for Eagle. Fox Rothschild LLP represented by Vincent A. Vietti acted as the legal advisor for Smart.
Smart Sand, Inc. (NasdaqGS:SND) acquired Eagle Oil & Gas Proppants Holdings LLC from Eagle Materials Inc. (NYSE:EXP) for $2.1 million on September 18, 2020. Announcement • Jul 17
Smart Sand, Inc. to Report Q2, 2020 Results on Aug 04, 2020 Smart Sand, Inc. announced that they will report Q2, 2020 results at 5:00 PM, Eastern Standard Time on Aug 04, 2020 Announcement • Jul 02
Smart Sand, Inc.(NasdaqGS:SND) dropped from Russell 2000 Index Smart Sand, Inc.(NasdaqGS:SND) dropped from Russell 2000 Index Announcement • Jun 16
Smart Sand Regains Compliance With Nasdaq Listing Standards Smart Sand, Inc. announced that it has received notification from the Nasdaq Stock Market (“Nasdaq”) that the Company has regained compliance for continued listing on Nasdaq. On May 14, 2020, the Company was notified by Nasdaq that for 30 consecutive business days preceding the date of the notice, the bid price of the Company’s common stock had closed below the $1.00 per share minimum required for continued listing on Nasdaq pursuant to Nasdaq minimum bid price requirements. On June 11, 2020, the Company was notified by Nasdaq that for 10 consecutive business days from May 28, 2020 through June 10, 2020, the bid price of the Company’s common stock had closed at or above $1.00 per share and the Company had regained compliance with the Nasdaq continued listing rules.