Smart Sand (SND) Hisse Özeti
Tam entegre bir frak ve endüstriyel kum tedarik ve hizmet şirketi olan Smart Sand, Inc. Amerika Birleşik Devletleri ve Kanada'daki frak kumu müşterilerine madenden kuyu sahasına proppant tedariki ve lojistik çözümleri sunmaktadır. Daha fazla detay
| Kar Tanesi Skoru | |
|---|---|
| Değerleme | 3/6 |
| Gelecekteki Büyüme | 0/6 |
| Geçmiş Performans | 5/6 |
| Finansal Sağlık | 6/6 |
| Temettüler | 3/6 |
SND Community Fair Values
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Analyst Price Targets
Smart Sand, Inc. Rakipler
Fiyat Geçmişi ve Performans
| Tarihsel hisse senedi fiyatları | |
|---|---|
| Güncel Hisse Fiyatı | US$5.20 |
| 52 Haftanın En Yüksek Seviyesi | US$5.92 |
| 52 Haftanın En Düşük Seviyesi | US$1.88 |
| Beta | 0.36 |
| 1 Aylık Değişim | 11.83% |
| 3 Aylık Değişim | -2.26% |
| 1 Yıllık Değişim | 173.68% |
| 3 Yıllık Değişim | 122.22% |
| 5 Yıllık Değişim | 129.07% |
| Halka arzdan bu yana değişim | -52.68% |
Son Haberler & Güncellemeler
Recent updates
Seeking Alpha • Jul 21
Smart Sand: Volumes Up, But Price Could Be Up Next Quarter As U.S. Ramps Hormuz Shortfall
Summary Smart Sand is positioned for latent growth in Q2 and beyond as geopolitical tensions and rising oil prices echo 2022’s bullish setup. Recent volume growth of ~40% has not yet translated into price gains on proppant, but historical precedent suggests a pricing tailwind is likely imminent. SND trades near 9x EV/trailing EBITDA, in line with oil services peers, but potential price effects from the Hormuz crisis could drive upside, and SND is a sharper commodity bet. Q2 and beyond could reflect stronger pricing, as US oil production activity rises amid ongoing supply chain uncertainties. Read the full article on Seeking AlphaAnaliz Makalesi • Feb 12
Smart Sand, Inc.'s (NASDAQ:SND) Shares Leap 30% Yet They're Still Not Telling The Full Story
Despite an already strong run, Smart Sand, Inc. ( NASDAQ:SND ) shares have been powering on, with a gain of 30% in the...Analiz Makalesi • Nov 19
Investors Still Aren't Entirely Convinced By Smart Sand, Inc.'s (NASDAQ:SND) Revenues Despite 30% Price Jump
Despite an already strong run, Smart Sand, Inc. ( NASDAQ:SND ) shares have been powering on, with a gain of 30% in the...Analiz Makalesi • Jun 12
Smart Sand (NASDAQ:SND) Is Carrying A Fair Bit Of Debt
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Analiz Makalesi • Apr 04
Smart Sand (NASDAQ:SND) Will Be Looking To Turn Around Its Returns
If you're looking at a mature business that's past the growth phase, what are some of the underlying trends that pop...Analiz Makalesi • Mar 11
Smart Sand's (NASDAQ:SND) Soft Earnings Are Actually Better Than They Appear
Soft earnings didn't appear to concern Smart Sand, Inc.'s ( NASDAQ:SND ) shareholders over the last week. We think that...Analiz Makalesi • Nov 07
Smart Sand (NASDAQ:SND) Has A Somewhat Strained Balance Sheet
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Yeni Anlatı • Sep 28
Shifting To Free Cash Flow Positivity And Expanding Into Utica Shale Spurs Optimism In Market Prospects
Smart Sand's focus on becoming free cash flow positive and managing costs effectively suggests an upward trajectory in financial health and shareholder returns.Analiz Makalesi • Aug 21
Smart Sand's (NASDAQ:SND) Soft Earnings Are Actually Better Than They Appear
The market shrugged off Smart Sand, Inc.'s ( NASDAQ:SND ) weak earnings report last week. We did some analysis and...Seeking Alpha • Aug 14
Smart Sand Reports Strong Q2, Thoughts Ahead Of The Earnings Call
Summary Smart Sand reported strong second quarter results with better than expected volumes, revenues, margins, EBITDA, and free cash flow. Management implemented cost control measures to improve contribution margins and adjusted EBITDA, expecting to be free cash flow positive in 2024. SND is positioned to take advantage of expected increased activity in natural gas basins in 2025, with strong demand in the main operating basins. Read the full article on Seeking AlphaAnaliz Makalesi • Aug 10
Investors Could Be Concerned With Smart Sand's (NASDAQ:SND) Returns On Capital
When it comes to investing, there are some useful financial metrics that can warn us when a business is potentially in...Analiz Makalesi • May 10
Smart Sand's (NASDAQ:SND) Returns On Capital Not Reflecting Well On The Business
If you're looking at a mature business that's past the growth phase, what are some of the underlying trends that pop...Analiz Makalesi • Apr 07
Smart Sand (NASDAQ:SND) Seems To Use Debt Quite Sensibly
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Analiz Makalesi • Jan 04
Smart Sand, Inc.'s (NASDAQ:SND) Intrinsic Value Is Potentially 42% Above Its Share Price
Key Insights Smart Sand's estimated fair value is US$3.11 based on 2 Stage Free Cash Flow to Equity Smart Sand is...Analiz Makalesi • Sep 12
Smart Sand (NASDAQ:SND) May Have Issues Allocating Its Capital
What underlying fundamental trends can indicate that a company might be in decline? When we see a declining return on...Analiz Makalesi • Aug 10
Here's Why Smart Sand (NASDAQ:SND) Can Manage Its Debt Responsibly
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Analiz Makalesi • Dec 06
Is Smart Sand (NASDAQ:SND) Weighed On By Its Debt Load?
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Seeking Alpha • Aug 29
Smart Sand: Incremental Return On Northern White Sand Is A Potent Catalyst
Summary Smart Sand supplies Northern White Sand with superior characteristics compared to locally sourced in-basin sand. When oil and gas prices were depressed, exploration and production companies switched to cheaper in-basin sand to save money on completion costs. Historic well production studies indicate higher production in wells completed with Northern White Sand vs comparable wells completed with in-basin sand. With elevated energy prices, the savings associated with in-basin sand are outweighed by lost production in some cases. Incremental return on NWS will be a catalyst in frac sand markets pushing E&Ps back to Northern White Sand and driving Smart Sand revenue and price return. Smart Sand and US energy production from tight reservoirs I will break with tradition and begin with a disclosure. I am a long term holder of Smart Sand (SND). I initiated my position in SND in early May of 2020 below $1.00 and it has since climbed through several spikes and dips to its current value of about $1.95. I currently hold what I consider a full position in SND amounting to about 2% of my personally managed stock portfolio. I closely follow all of my positions and periodically review them in a comprehensive fashion. The impetus for this review was SND's most recent earnings report published on Seeking Alpha on August 9th. My background research got out of hand and ended up becoming its own review of US energy production from tight reservoirs and a buy recommendation for oilfield services ETFs. Briefly, 60% of US oil and 70% of US natural gas is produced from tight reservoirs. Tight reservoirs must be hydraulically fractured using thousands of tons of sand per well completion. Further, production decline in tight reservoirs is severe and new wells must be drilled periodically. Metaphorically, maintaining production in tight reservoirs is more like mowing the lawn than planting a tree. New wells must be drilled and completed on a regular schedule; growing oilfield services revenue is nearly certain. Likewise, a constant stream of frac sand (proppant) will be required and SND produces the best natural proppant available, Northern White Sand. Smart Sand and the shift to in-basin sand Smart Sand mines, processes, ships, and delivers Northern White Sand ((NWS)) proppant to well sites across several basins in North America. NWS exhibits superior characteristics as a proppant. NWS sand grains are mostly round, smooth, and monocrystalline resulting in high crush strength and maximum flow of oil and gas through sand-packed fractures. However, NWS, SND's primary product, has always been more expensive mostly on shipping cost to distant basins. Locally sourced, in-basin sand is a cheaper option for exploration and production companies (E&Ps). As oil dropped from 2014 highs of about $100/bbl to around $65/bbl through late 2019, many E&Ps began using in-basin sand to save money on completion costs. The switch accelerated through the pandemic dip as E&P's were forced to implement aggressive cost saving measures. I expect elevated oil and gas prices to be a catalyst for E&Ps to reevaluate their economic analysis including completions and proppant. Some of them will revert to NWS and drive SND revenue and price return higher. Cheaper in-basin sands yield lower production and less revenue Numerous well studies have shown less production when cheaper in-basin sand is substituted for NWS proppant in well completions. Proppant Intensity and Efficiency Trends Hart Energy Hart Energy published the graph above in August 2019 as part of a completions efficiency study that examined NWS proppant and in-basin sands. The blue line representing proppant intensity (the sand placed per foot of well bore) has trended up over time. The dashed and solid orange lines represent proppant efficiency measured in barrels of oil produced per ton of sand placed. The dashed vertical line marks the widespread adoption of local in-basin sands. Subsequent to adoption of in-basin sand, proppant efficiency dropped sharply. Another study of well production was published by Rystad Energy in May of 2020 and highlighted in Smart Sand's most recent quarterly report. The study examined 800 wells across seven operators in the Permian basin with 50% of operators seeing a negative revenue impact when wells completed with cheaper in-basin sand were compared to those completed with NWS proppant. The following chart is a summary of the data and analysis contained in the Rystad report. Total Production after 270 Days: NWS vs In-Basin Sand Rystad Energy NWS completions are highlighted in yellow while in-basin sand completions are highlighted in pink with qualitative impact of proppant in the last column. The Rystad study noted 3 cases with light negative production impact and 3 more severe cases of impact meaning that more oil was produced with NWS vs in-basin sand. The final case (Delaware C) is classified as no impact but, in fact, less oil was produced with NWS proppant. The economic impact assessment was completed based on production at 270 days (IP270) and oil prices between $40 and $60/bbl. Of course the wells examined did not stop flowing at 270 days; they continued to produce and oil is currently over $90/bbl. Further, economic analysis of NWS proppant vs in-basin sand is called for here. The following plot was generated by the author with the Rystad data as a starting point. The incremental revenue return of NWS was calculated based on the incremental lifetime production for wells completed with NWS proppant versus in-basin sand. NWS Incremental Revenue Return: Estimated Lifetime Production Author, Rystad Data A conservative estimate of lifetime production was calculated as 2.5 times IP270 based on historical well performance studies by USGS and Rystad Energy. Clustered blue columns represent incremental revenue return on NWS at oil prices ranging from $80 to $130/bbl for each case and are labeled Midland A through the Delaware C. An average incremental cost ($0.32million) of NWS proppant vs in-basin sand was calculated from data included in the report and is represented by the red dashed line. Conservatively, the second column representing oil at $90/bbl is probably most relevant in this discussion. At lifetime volumes, the incremental revenue return of NWS with oil at $90/bbl is approaching or exceeds its incremental cost in most cases. In the final case, Delaware C, production with NWS is less than that of in-basin sand. Incremental Cost of NWS Proppant vs total D&C Cost Author, Rystad Data It may be helpful to put the incremental cost of NWS proppant in perspective with total drilling and completions (D&C) costs. According to averages calculated from the Rystad data, the incremental cost of $0.32million for NWS proppant was 4% of total average drilling and completions cost of $7.6million. Some E&Ps are likely to consider this incremental investment a wise bet given its low cost. The Rystad Energy report was based on oil prices substantially lower than today's levels of over $90. This discussion has assumed oil at $90/bbl. If oil remains at current levels over $90/bbl or higher, the incremental revenue gains resulting from NWS will increase. I expect NWS incremental revenue gain to be a catalyst for some E&P's who were compelled to switch to cheaper in-basin sand while energy prices were depressed to revert to SND's NWS proppant. Smart Sand operations are concentrated near prolific shale gas basins SND provided the following map of its operations in its most recent quarterly report. SND Locations and Operations Smart Sand SND has over 400 million tons of high quality NWS reserves in its Wisconsin and Illinois mines and rail terminals located in Wisconsin, Illinois, Pennsylvania, North Dakota, and Texas. SND's concentration in the upper Midwest makes it an odd duck amongst OFS suppliers. However, its location is advantageous with respect to some of the most prolific natural gas plays in the US. EIA published the following graphics in a broad discussion of US natural gas production. Natural Gas Production by State US EIA Together, Pennsylvania and West Virginia produce 28% of US natural gas surpassing the 24% produced by Texas. Natural Gas Production by Basin US EIA SND's location advantage is equally as pronounced in light of US natural gas ((NG)) production by Basin. The Marcellus, located in PA, WV, OH, and NY, is the single most productive NG basin in the US. The Permian (TX & NM) is second while the Utica (OH, PA, & WV) is third most productive. Together, the Marcellus and Utica basins produce more than twice as much NG as the Permian. Natural gas prices have recovered dramatically from pandemic lows and rig counts in the Marcellus and Utica basins have responded. Historic Basin Rig Counts and Natural Gas Price Author, Baker Hughes and Seeking Alpha Data Rig counts in the Marcellus and Utica Basins (blue and green lines respectively) are plotted against the left axis while Henry Hub NG spot price (red dashed line) is plotted against the right axis. Rig counts in both basins, have rebounded from pandemic lows while following NG price upward. Currently, US NG prices have spiked up on low storage volumes, increased domestic demand, and growing exports to Europe. I expect rig counts in the basins most closely served by SND to respond positively. SND price return and momentum have not yet responded to energy markets SND: Historic Price Return Seeking Alpha SND reached a pandemic low of about $0.75 in March 2019 before rebounding to a peak over $3.5 in March 2021. Subsequently it declined until January 2021 before rebounding to a new high over $4.5 in March of this year. More recently, it has declined to around $1.95 in mid July and has traded sideways most recently. SND's present valuation of about $1.95 is less than 40% of its 52 week high of $4.95. In fact SND has not been this cheap since February, 2021. SND: Momentum Seeking Alpha Currently SND is well below its 200 and 100 day moving averages and slightly below its shorter term 50 day and 10 day moving averages. Recently, the market has not found much to be excited about in SND. I expect that to change soon as E&Ps take advantage of the incremental returns of SND's superior proppant. EPS and revenue are responding to the market, so far estimates are not SND EPS, revenue and estimates Author, Seeking Alpha Data SND EPS and revenue have rebounded sharply through 4 consecutive quarters without much response from the market. It would also appear that SND analysts have not paid much attention to recent news as estimated EPS and revenue are flat going forward. Recent coverage by Bloomberg and news by Reuters note that frac sand prices have more than doubled from about $22 to about $55/ton since the end of 2021. Demand for frac sand is spiking as E&P's respond to rebounding energy markets. According to its CEO, U.S. Silica Holdings (SLCA) - the largest publicly traded frac sand supplier is sold out. I expect the market to wake up to SND's unrecognised potential soon, but hopefully not before the most attentive investors (this author and his readers) buy SND or add to current positions. SND and SLCA: recent price return diverge SND's closest competitor is SLCA, but they are not exactly comparable. SND is has a market cap of $81.5M while SLCA is has a market cap almost 14 times greater at 1.11B. SND is a nearly pure play on frac sand markets. SLCA revenue is split 50/50 between frac sand and industrial/specialty products according to SEC filings. Recent price return: SND and SLCA Seeking Alpha Over the past month, SND and SLCA price return have diverged with SND losing about 3% while SLCA gained almost 30%.Hissedar Getirileri
| SND | US Energy Services | US Pazar | |
|---|---|---|---|
| 7D | -2.8% | -3.1% | -2.2% |
| 1Y | 173.7% | 54.7% | 13.1% |
Getiri vs. Endüstri: SND geçen yıl % 54.7 oranında getiri sağlayan US Energy Services sektörünü aştı.
Getiri vs Piyasa: SND geçen yıl % 13.1 oranında getiri sağlayan US Piyasasını aştı.
Fiyat Oynaklığı
| SND volatility | |
|---|---|
| SND Average Weekly Movement | 8.1% |
| Energy Services Industry Average Movement | 7.4% |
| Market Average Movement | 6.9% |
| 10% most volatile stocks in US Market | 15.4% |
| 10% least volatile stocks in US Market | 2.9% |
İstikrarlı Hisse Senedi Fiyatı: SND son 3 ayda US piyasasına kıyasla önemli bir fiyat oynaklığı yaşamadı.
Zaman İçindeki Volatilite: SND 'nin haftalık oynaklığı ( 8% ) son bir yıldır istikrarlı seyretti.
Şirket Hakkında
| Kuruldu | Çalışanlar | CEO | Web sitesi |
|---|---|---|---|
| 2011 | 318 | Charles Young | www.smartsand.com |
Tam entegre bir frak ve endüstriyel kum tedarik ve hizmet şirketi olan Smart Sand, Inc. Amerika Birleşik Devletleri ve Kanada'daki frak kumu müşterilerine madenden kuyu sahasına proppant tedariki ve lojistik çözümleri sunmaktadır. Şirket, Kum ve SmartSystems olmak üzere iki segmentte faaliyet göstermektedir. Kum segmenti, frak kumu ve endüstriyel ürün çözümleri sunmaktadır.
Smart Sand, Inc. Temel Bilgiler Özeti
| SND temel i̇stati̇sti̇kler | |
|---|---|
| Piyasa değeri | US$228.53m |
| Kazançlar(TTM) | US$10.49m |
| Gelir(TTM) | US$386.99m |
21.0x
F/K Oranı0.6x
P/S OranıSND aşırı değerli mi?
Gerçeğe Uygun Değer ve değerleme analizine bakınızKazanç ve Gelir
| SND gelir tablosu (TTM) | |
|---|---|
| Gelir | US$386.99m |
| Gelir Maliyeti | US$334.89m |
| Brüt Kâr | US$52.09m |
| Diğer Giderler | US$41.60m |
| Kazançlar | US$10.49m |
Son Raporlanan Kazançlar
Jun 30, 2026
Sonraki Kazanç Tarihi
n/a
| Hisse başına kazanç (EPS) | 0.25 |
| Brüt Marj | 13.46% |
| Net Kâr Marjı | 2.71% |
| Borç/Özkaynak Oranı | 6.1% |
SND uzun vadede nasıl bir performans gösterdi?
Geçmiş performansı ve karşılaştırmayı görünTemettüler
4.8%
Mevcut Temettü Verimin/a
Ödeme OranıŞirket Analizi ve Finansal Veri Durumu
| Veri | Son Güncelleme (UTC saati) |
|---|---|
| Şirket Analizi | 2026/09/10 09:33 |
| Gün Sonu Hisse Fiyatı | 2026/09/10 00:00 |
| Kazançlar | 2026/06/30 |
| Yıllık Kazançlar | 2025/12/31 |
Veri Kaynakları
Şirket analizimizde kullanılan veriler S&P Global Market Intelligence LLC'den alınmıştır. Bu raporu oluşturmak için analiz modelimizde aşağıdaki veriler kullanılmıştır. Veriler normalize edilmiştir, bu da kaynağın mevcut olmasından kaynaklanan bir gecikmeye neden olabilir.
| Paket | Veri | Zaman Çerçevesi | Örnek ABD Kaynağı * |
|---|---|---|---|
| Şirket Finansalları | 10 yıl |
| |
| Analist Konsensüs Tahminleri | +3 yıl |
|
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| Piyasa Fiyatları | 30 yıl |
| |
| Sahiplik | 10 yıl |
| |
| Yönetim | 10 yıl |
| |
| Önemli Gelişmeler | 10 yıl |
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* ABD menkul kıymetleri için örnek, ABD dışı için eşdeğer düzenleyici formlar ve kaynaklar kullanılmıştır.
Belirtilmediği sürece tüm finansal veriler yıllık bir döneme dayanmaktadır ancak üç ayda bir güncellenmektedir. Bu, İzleyen On İki Ay (TTM) veya Son On İki Ay (LTM) Verileri olarak bilinir. Daha fazla bilgi edinin.
Analiz Modeli ve Kar Tanesi
Bu raporu oluşturmak için kullanılan analiz modelinin ayrıntılarına Github sayfamızdan ulaşabilirsiniz; ayrıca raporlarımızı nasıl kullanacağınıza dair kılavuzlarımız ve YouTube’da eğitim videolarımız da bulunmaktadır.
Simply Wall St analiz modelini tasarlayan ve oluşturan hakkında bilgi edinin.
Endüstri ve Sektör Metrikleri
Sektör ve bölüm metriklerimiz Simply Wall St tarafından her 6 saatte bir hesaplanmaktadır, sürecimizin ayrıntıları Github'da mevcuttur.
Analist Kaynakları
Smart Sand, Inc. 12 Bu analistlerden 0, raporumuzun girdisi olarak kullanılan gelir veya kazanç tahminlerini sunmuştur. Analistlerin gönderimleri gün boyunca güncellenmektedir.
| Analist | Kurum |
|---|---|
| Akil Marsh | Brean Capital Historical (Janney Montgomery) |
| Lucas Pipes | B. Riley Securities, Inc. |
| David Havens | Deutsche Bank |