Summit Materials (LSE:0LAI) - Stock Price, News & Analysis

0LAI Stock Overview

Operates as a vertically integrated construction materials company in the United States and Canada. More details

0LAI fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	4/6
Past Performance	1/6
Financial Health	2/6
Dividends	0/6

Rewards

Trading at 41.3% below our estimate of its fair value

Earnings are forecast to grow 44.01% per year

Risk Analysis

Interest payments are not well covered by earnings

Shareholders have been diluted in the past year

Profit margins (3.9%) are lower than last year (12.3%)

Large one-off items impacting financial results

Summit Materials, Inc. Competitors

RHI Magnesita

LSE:RHIM

UK£1.5b

Breedon Group

LSE:BREE

UK£1.5b

Marshalls

LSE:MSLH

UK£801.1m

Ibstock

LSE:IBST

UK£714.5m

Price History & Performance

Summary of all time highs, changes and price drops for Summit Materials
Historical stock prices
Current Share Price	US$48.51
52 Week High	US$51.45
52 Week Low	US$34.03
Beta	1.14
11 Month Change	17.90%
3 Month Change	19.66%
1 Year Change	40.35%
33 Year Change	25.75%
5 Year Change	n/a
Change since IPO	46.55%

Recent updates

Shareholder Returns

	0LAI	GB Basic Materials	GB Market
7D	0%	-1.9%	0.7%
1Y	40.4%	27.2%	6.1%

Return vs Industry: 0LAI exceeded the UK Basic Materials industry which returned 27.2% over the past year.

Return vs Market: 0LAI exceeded the UK Market which returned 6.1% over the past year.

Price Volatility

Is 0LAI's price volatile compared to industry and market?
0LAI volatility
0LAI Average Weekly Movement	5.9%
Basic Materials Industry Average Movement	3.7%
Market Average Movement	4.7%
10% most volatile stocks in GB Market	10.4%
10% least volatile stocks in GB Market	2.6%

Stable Share Price: 0LAI has not had significant price volatility in the past 3 months compared to the UK market.

Volatility Over Time: 0LAI's weekly volatility (6%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2009	5,300	Anne Noonan	summit-materials.com

Summit Materials, Inc. operates as a vertically integrated construction materials company in the United States and Canada. It operates in three segments: West, East, and Cement. The company offers aggregates, cement, ready-mix concrete, asphalt paving mixes, and concrete products, as well as plastics components.

Summit Materials, Inc. Fundamentals Summary

How do Summit Materials's earnings and revenue compare to its market cap?
0LAI fundamental statistics
Market cap	US$8.50b
Earnings (TTM)	US$147.37m
Revenue (TTM)	US$3.75b

57.7x

P/E Ratio

2.3x

P/S Ratio

Is 0LAI overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
0LAI income statement (TTM)
Revenue	US$3.75b
Cost of Revenue	US$2.64b
Gross Profit	US$1.12b
Other Expenses	US$972.04m
Earnings	US$147.37m

Last Reported Earnings

Sep 28, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.84
Gross Margin	29.81%
Net Profit Margin	3.93%
Debt/Equity Ratio	62.7%

How did 0LAI perform over the long term?

See historical performance and comparison

0LAI Stock Overview

Rewards

Risk Analysis

Summit Materials, Inc. Competitors

LSE:RHIM

UK£1.5b

LSE:BREE

UK£1.5b

LSE:MSLH

UK£801.1m

LSE:IBST

UK£714.5m

Price History & Performance

Recent News & Updates

Third quarter 2024 earnings released: EPS: US$0.60 (vs US$1.93 in 3Q 2023)

Investor sentiment improves as stock rises 16%

Summit Materials, Inc. to Report Q3, 2024 Results on Oct 30, 2024

Second quarter 2024 earnings released: EPS: US$0.60 (vs US$0.70 in 2Q 2023)

Summit Materials, Inc. to Report Q2, 2024 Results on Aug 05, 2024

First quarter 2024 earnings released: US$0.40 loss per share (vs US$0.26 loss in 1Q 2023)

Recent updates

Third quarter 2024 earnings released: EPS: US$0.60 (vs US$1.93 in 3Q 2023)

Investor sentiment improves as stock rises 16%

Summit Materials, Inc. to Report Q3, 2024 Results on Oct 30, 2024

Second quarter 2024 earnings released: EPS: US$0.60 (vs US$0.70 in 2Q 2023)

Summit Materials, Inc. to Report Q2, 2024 Results on Aug 05, 2024

First quarter 2024 earnings released: US$0.40 loss per share (vs US$0.26 loss in 1Q 2023)

Summit Materials, Inc. to Report Q1, 2024 Results on May 01, 2024

Summit Materials, Inc., Annual General Meeting, May 21, 2024

New minor risk - Earnings quality

Full year 2023 earnings released: EPS: US$2.40 (vs US$2.27 in FY 2022)

Summit Materials, Inc. to Report Q4, 2023 Results on Feb 14, 2024

New major risk - Revenue and earnings growth

New minor risk - Shareholder dilution

Summit Materials Announces Executive Appointments

Summit Materials, Inc. Announces Management Changes

Summit Materials, Inc. (NYSE:SUM) completed the acquisition of Argos USA Corporation from Cementos Argos S.A. (BVC:CEMARGOS), Argos SEM LLC and Valle Cement Investments, Inc.

Summit Materials, Inc. Appoints Marshall Moore as EVP, Chief Operations Officer

Third quarter 2023 earnings released: EPS: US$1.93 (vs US$0.72 in 3Q 2022)

Summit Materials, Inc. to Report Q3, 2023 Results on Nov 01, 2023

Insufficient new directors

Summit Materials, Inc. (NYSE:SUM) entered into an agreement to acquire Argos USA Corporation from Cementos Argos S.A. (BVC:CEMARGOS), Argos SEM LLC and Valle Cement Investments, Inc. in a transaction valued at $3.2 billion.

Summit Materials, Inc. (NYSE:SUM) entered into an agreement to acquire Argos USA Corporation from Cementos Argos S.A. (BVC:CEMARGOS), Argos SEM LLC and Valle Cement Investments, Inc. in a transaction valued at $3.2 billion.

New minor risk - Profit margin trend

Second quarter 2023 earnings released: EPS: US$0.70 (vs US$1.58 in 2Q 2022)

Summit Materials, Inc. to Report Q2, 2023 Results on Aug 02, 2023

Investor sentiment improves as stock rises 18%

First quarter 2023 earnings released: US$0.26 loss per share (vs US$0.28 loss in 1Q 2022)

Full year 2022 earnings released: EPS: US$2.30 (vs US$1.27 in FY 2021)

Summit Materials, Inc. to Report Q4, 2022 Results on Feb 15, 2023

Summit Materials, Inc. Announces Karli Anderson as Executive Vice President, Chief People and ESG Officer and Head of Communications

Summit Materials, Inc. Announces Changes to Its Board

Third quarter 2022 earnings released: EPS: US$0.73 (vs US$0.63 in 3Q 2021)

Summit Materials, Inc. to Report Q3, 2022 Results on Nov 02, 2022

Summit Materials, Inc. Announces the Retirement of Brian J. Harris as Chief Financial Officer

Second quarter 2022 earnings released: EPS: US$1.61 (vs US$0.48 in 2Q 2021)

Summit Materials, Inc. to Report Q2, 2022 Results on Aug 03, 2022

Executive VP recently sold US$224k worth of stock

Summit Materials Appoints Kekin Ghelani as Chief Strategy and Growth Officer

First quarter 2022 earnings released: US$0.29 loss per share (vs US$0.20 loss in 1Q 2021)

An known buyer acquired One Business in the East Segment from Summit Materials, Inc. (NYSE:SUM) for $47.8 million.

Summit Materials, Inc. to Report Q1, 2022 Results on May 04, 2022

Summit Materials, Inc., Annual General Meeting, May 18, 2022

Summit Materials, Inc. (NYSE:SUM) announces an Equity Buyback for $250 million worth of its shares.

Summit Materials, Inc. Announces Executive Changes, Effective March 1, 2022

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Independent Director recently sold US$195k worth of stock

Third quarter 2021 earnings released: EPS US$0.63 (vs US$0.80 in 3Q 2020)

Second quarter 2021 earnings released: EPS US$0.48 (vs US$0.50 in 2Q 2020)

First quarter 2021 earnings released: US$0.19 loss per share (vs US$0.40 loss in 1Q 2020)

Executive VP, Chief Legal Officer & Secretary has left the company

Independent Chairman recently sold US$666k worth of stock

Summit Materials, Inc. Announces Anne Lee Benedict, Executive Vice President, Chief Legal Officer and Secretary, Intends to Depart from the Company

Full year 2020 earnings released: EPS US$1.21 (vs US$0.53 in FY 2019)

Revenue beats expectations

Summit Materials, Inc. to Report Q4, 2020 Results on Feb 24, 2021

Investor sentiment improved over the past week

HeidelbergCement Reportedly Explores US Assets Sale

Shareholder Returns

Price Volatility