NYSE:SLCA

Stock Analysis Report

U.S. Silica Holdings

Executive Summary

U.S. Silica Holdings, Inc. produces and sells commercial silica in the United States.

Snowflake

Fundamentals

Fair value with worrying balance sheet.


Similar Companies

Share Price & News

How has U.S. Silica Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-1.8%

SLCA

2.4%

US Energy Services

1.0%

US Market


1 Year Return

-56.3%

SLCA

-46.9%

US Energy Services

6.7%

US Market

Return vs Industry: SLCA underperformed the US Energy Services industry which returned -46.9% over the past year.

Return vs Market: SLCA underperformed the US Market which returned 6.7% over the past year.


Share holder returns

SLCAIndustryMarket
7 Day-1.8%2.4%1.0%
30 Day-26.4%-10.2%-1.8%
90 Day-33.9%-17.0%-1.8%
1 Year-55.4%-56.3%-45.4%-46.9%9.1%6.7%
3 Year-82.3%-83.0%-52.6%-58.4%46.1%36.6%
5 Year-82.2%-83.3%-64.6%-69.8%66.9%48.6%

Price Volatility Vs. Market

How volatile is U.S. Silica Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is U.S. Silica Holdings undervalued based on future cash flows and its price relative to the stock market?

41%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Undervalued: SLCA ($8.01) is trading below our estimate of fair value ($13.68)

Significantly Undervalued: SLCA is trading below fair value by more than 20%.


Price Based on Earnings

PE vs Industry: SLCA is unprofitable, so we can't compare its PE Ratio to the Energy Services industry average.

PE vs Market: SLCA is unprofitable, so we can't compare its PE Ratio to the US market.


Price Based on Expected Growth

Low PEG Ratio: Insufficient data to calculate SLCA's PEG Ratio to determine if it is good value.


Price Based on Value of Assets

PB vs Industry: SLCA is good value based on its PB Ratio (0.6x) compared to the US Energy Services industry average (0.7x).


Next Steps

Future Growth

How is U.S. Silica Holdings expected to perform in the next 1 to 3 years based on estimates from 13 analysts?

73.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Earnings vs Savings Rate: SLCA is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: SLCA is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: SLCA is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: SLCA's revenue (2.6% per year) is forecast to grow slower than the US market (7.3% per year).

High Growth Revenue: SLCA's revenue (2.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Estimates


Future Return on Equity

High Future ROE: SLCA is forecast to be unprofitable in 3 years.


Next Steps

Past Performance

How has U.S. Silica Holdings performed over the past 5 years?

-36.9%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: SLCA is unprofitable, and losses have increased over the past 5 years at a rate of -36.9% per year.

Accelerating Growth: Unable to compare SLCA's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: SLCA is unprofitable, making it difficult to compare its past year earnings growth to the Energy Services industry (-13.1%).


Return on Equity

High ROE: SLCA has a negative Return on Equity (-25.48%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: SLCA is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: SLCA is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is U.S. Silica Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: SLCA's short term assets ($590.1M) exceeds its short term liabilities ($330.0M)

Long Term Liabilities: SLCA's short term assets (590.1M) do not cover its long term liabilities (1.7B)


Debt to Equity History and Analysis

Debt Level: SLCA's debt to equity ratio (121%) is considered high

Reducing Debt: SLCA's debt to equity ratio has increased from 105.3% to 121% over the past 5 years.

Debt Coverage: SLCA's debt is not well covered by operating cash flow (17.6%).

Interest Coverage: SLCA is unprofitable, therefore interest payments are not well covered by earnings.


Balance Sheet

Inventory Level: SLCA has a high level of physical assets or inventory.

Debt Coverage by Assets: SLCA's debt is not covered by short term assets (assets are 0.5x debt).


Next Steps

Dividend

What is U.S. Silica Holdings's current dividend yield, its reliability and sustainability?

3.08%

Expected Dividend Yield


Dividend Yield vs Market

company3.1%marketbottom25%1.5%markettop25%3.8%industryaverage3.2%forecastin3Years3.1%

Current dividend yield vs market & industry


Dividend Yield and Payments Analysis

Notable Dividend: SLCA's dividend (3.12%) is higher than the bottom 25% of dividend payers in the US market (1.46%).

High Dividend: SLCA's dividend (3.12%) is low compared to the top 25% of dividend payers in the US market (3.77%).

Stable Dividend: Whilst dividend payments have been stable, SLCA has been paying a dividend for less than 10 years.

Growing Dividend: SLCA has only been paying a dividend for 6 years, and since then payments have fallen.


Current Payout to Shareholders

Dividend Coverage: SLCA is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: SLCA is forecast to pay a dividend in 3 years whilst incurring a loss, therefore the dividend is not forecast to be well covered.


Next Steps

Management

What is the CEO of U.S. Silica Holdings's salary, the management and board of directors tenure and is there insider trading?

6.3yrs

Average management tenure


CEO

Bryan Shinn (57yo)

7.8yrs

Tenure

US$4,158,772

Compensation

Mr. Bryan A. Shinn has been the Chief Executive Officer and President at U.S. Silica Holdings, Inc. since January 10, 2012 and March 2, 2011 respectively. Mr. Shinn serves as the Chief Executive Officer an ...


CEO Compensation Analysis

Compensation vs. Market: Bryan's total compensation ($USD4.16M) is above average for companies of similar size in the US market ($USD1.85M).

Compensation vs Earnings: Bryan's compensation has been consistent with company performance over the past year.


Management Age and Tenure

6.3yrs

Average Tenure

55yo

Average Age

Experienced Management: SLCA's management team is seasoned and experienced (6.3 years average tenure).


Board Age and Tenure

6.7yrs

Average Tenure

60yo

Average Age

Experienced Board: SLCA's board of directors are considered experienced (6.7 years average tenure).


Insider Trading

Insider Buying: SLCA insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyUS$10,95008 Aug 19
Bonnie Cruickshank-Lind
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares1,000
Max PriceUS$10.95
BuyUS$130,60013 May 19
Charles Shaver
EntityIndividual
Role
Chairman of the Board
Chairman
Shares10,000
Max PriceUS$13.06
SellUS$89,11913 May 19
David Murry
EntityIndividual
Role
Head of Human Resources
Senior VP & Chief Human Resources Officer
Shares6,957
Max PriceUS$12.81
BuyUS$56,45014 Dec 18
William Kacal
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares5,000
Max PriceUS$11.29
BuyUS$27,96029 Oct 18
Michael Winkler
EntityIndividual
Role
Chief Operating Officer
Executive VP & COO
Shares2,000
Max PriceUS$13.98

Ownership Breakdown


Management Team

  • Don Merril (55yo)

    Executive VP & CFO

    • Tenure: 6.8yrs
    • Compensation: US$1.62m
  • W. Macan

    Senior VP

    • Tenure: 1yrs
  • Mike Lawson (63yo)

    Vice President of Investor Relations and Corporate Communications

    • Tenure: 6.9yrs
  • Bryan Shinn (57yo)

    President

    • Tenure: 7.8yrs
    • Compensation: US$4.16m
  • Brad Casper (44yo)

    Executive VP & Chief Commercial Officer

    • Tenure: 4.4yrs
    • Compensation: US$1.78m
  • Mike Winkler (54yo)

    Executive VP & COO

    • Tenure: 5.8yrs
    • Compensation: US$1.89m
  • John Blanchard (45yo)

    Senior VP and President of Industrial & Specialty Products

    • Tenure: 3.3yrs
    • Compensation: US$2.01m
  • Dave Murry (57yo)

    Senior VP & Chief Human Resources Officer

    • Tenure: 8yrs

Board Members

  • Charlie Shaver (60yo)

    Chairman

    • Tenure: 0yrs
    • Compensation: US$354.38k
  • Bonnie Cruickshank-Lind (61yo)

    Independent Director

    • Tenure: 0.3yrs
  • Diane Duren (59yo)

    Outside Director

    • Tenure: 2.2yrs
    • Compensation: US$214.28k
  • Peter Bernard (57yo)

    Independent Director

    • Tenure: 7.4yrs
    • Compensation: US$236.67k
  • Mike Stice (60yo)

    Outside Director

    • Tenure: 6yrs
    • Compensation: US$244.17k
  • Bryan Shinn (57yo)

    President

    • Tenure: 7.8yrs
    • Compensation: US$4.16m
  • Bill Kacal (70yo)

    Independent Director

    • Tenure: 7.8yrs
    • Compensation: US$247.43k

Company Information

U.S. Silica Holdings, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: U.S. Silica Holdings, Inc.
  • Ticker: SLCA
  • Exchange: NYSE
  • Founded: 2008
  • Industry: Oil and Gas Equipment and Services
  • Sector: Energy
  • Market Cap: US$589.376m
  • Shares outstanding: 73.58m
  • Website: https://www.ussilica.com

Number of Employees


Location

  • U.S. Silica Holdings, Inc.
  • 24275 Katy Freeway
  • Suite 100
  • Katy
  • Texas
  • 77494
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SLCANYSE (New York Stock Exchange)YesCommon StockUSUSDFeb 2012
USIDB (Deutsche Boerse AG)YesCommon StockDEEURFeb 2012

Biography

U.S. Silica Holdings, Inc. produces and sells commercial silica in the United States. The company operates through two segments, Oil & Gas Proppants and Industrial & Specialty Products. It offers whole gra ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/14 02:57
End of Day Share Price2019/10/11 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

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