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Smart Sand Inc (SND)
NASDAQ:SND
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Smart Sand
(NASDAQ:SND)
55Neutral
Smart Sand (SND) vs. S&P 500 (SPY)
Market Cap
$88.33M
Dividend YieldN/A
Average Volume (3M)239.01K
Price to Earnings (P/E)27.3
Beta (1Y)1.09
Revenue Growth5.20%
EPS Growth-41.11%
CountryUS
Employees285
SectorEnergy
Sector Strength50
IndustryOil & Gas Equipment & Services
Share Statistics
EPS (TTM)0.07
Shares Outstanding42,876,755
10 Day Avg. Volume199,854
30 Day Avg. Volume239,011
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)0.34
Price to Cash Flow (P/CF)25.40
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$3.00Price Target Upside45.63% Upside
Rating ConsensusHold
Number of Analyst Covering0
Smart Sand Business Overview & Revenue Model
Company DescriptionSmart Sand Inc. is a company operating within the oil and gas sector, primarily involved in the production and supply of industrial sand, specifically frac sand, which is used in the hydraulic fracturing process to extract oil and natural gas. The company focuses on providing high-quality sand to energy companies engaged in unconventional oil and gas exploration and production activities. Smart Sand's operations are primarily based in the United States, where it owns and manages substantial sand reserves and production facilities.
How the Company Makes MoneySmart Sand Inc. generates revenue through the sale of frac sand to oil and gas companies engaged in hydraulic fracturing. The company's key revenue streams include long-term supply agreements with energy companies, spot market sales, and logistics services related to the delivery of sand. Smart Sand's earnings are influenced by factors such as the demand for oil and gas, which affects the level of hydraulic fracturing activity, as well as the company's ability to efficiently produce and deliver sand. Strategic partnerships with logistics and transportation companies also play a role in ensuring the timely and cost-effective distribution of its products to customers.
Smart Sand Financial Statement Overview
Summary
Smart Sand's financial health is improving with positive revenue trends and robust cash flow generation. The balance sheet remains strong with moderate leverage, although profitability metrics indicate potential operational inefficiencies.Income Statement
Smart Sand shows a recovering financial performance with a positive revenue growth rate of approximately 5.2% from 2023 to 2024. Gross profit margin increased, indicating improved cost management. However, the net profit margin slightly decreased due to higher expenses, and the EBIT and EBITDA margins are low, reflecting operational challenges.62
Positive
Balance Sheet
The balance sheet is stable with a healthy equity ratio of 71.4% indicating strong asset financing through equity. The debt-to-equity ratio is moderate at 15.3%, showing manageable leverage. Return on equity is low at 1.2%, suggesting limited profitability on shareholder investments.68
Positive
Cash Flow
The cash flow position is strong with a significant improvement in free cash flow, growing by 36.4% from 2023 to 2024. The operating cash flow to net income ratio is favorable at 5.97, indicating efficient cash generation relative to net income. Free cash flow to net income ratio is 3.63, further supporting cash efficiency.74
Positive
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 311.37M | 295.97M | 255.74M | 126.65M | 122.34M | Gross Profit |
| 44.82M | 41.55M | 29.59M | -15.91M | 18.12M | EBIT |
| 3.00M | -1.50M | -2.30M | -63.48M | -8.83M | EBITDA |
| 1.08M | 27.29M | 24.98M | -31.47M | 50.00M | Net Income Common Stockholders |
| 2.99M | 4.65M | -703.00K | -50.67M | 37.95M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 1.55M | 6.07M | 5.51M | 25.59M | 11.72M | Total Assets |
| 341.55M | 346.30M | 360.00M | 374.02M | 427.68M | Total Debt |
| 37.22M | 43.75M | 44.54M | 55.20M | 63.44M | Net Debt |
| 35.67M | 37.68M | 39.03M | 29.61M | 51.72M | Total Liabilities |
| 97.74M | 104.03M | 116.53M | 132.86M | 138.87M | Stockholders Equity |
| 243.81M | 242.27M | 243.47M | 241.16M | 288.81M |
| Cash Flow | Free Cash Flow | |||
| 10.85M | 7.96M | -7.31M | 21.22M | 16.92M | Operating Cash Flow |
| 17.86M | 30.99M | 5.42M | 32.44M | 25.54M | Investing Cash Flow |
| -6.92M | -22.90M | -18.21M | -11.14M | -8.56M | Financing Cash Flow |
| -15.46M | -7.53M | -7.29M | -7.43M | -7.90M |
Smart Sand Technical Analysis
Negative
2.06
Price Trends
2.23
Negative
2.28
Negative
2.17
Negative
Market Momentum
-0.08
Negative
45.73
Neutral
69.20
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SND, the sentiment is Negative. The current price of 2.06 is below the 20-day moving average (MA) of 2.15, below the 50-day MA of 2.23, and below the 200-day MA of 2.17, indicating a bearish trend. The MACD of -0.08 indicates Negative momentum. The RSI at 45.73 is Neutral, neither overbought nor oversold. The STOCH value of 69.20 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SND.
Smart Sand Peers Comparison
Overall Rating
UnderperformOutperform
Sector (55)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | $74.27M | 11.57 | 6.92% | ― | 14.47% | ― | |
74 Outperform | $85.87M | 20.61 | 7.14% | ― | 0.24% | 3707.69% | |
56 Neutral | 5.41 | 14.24% | 23.44% | 38.75% | 22.73% | ||
55 Neutral | $88.33M | 27.32 | 1.23% | ― | 5.20% | -41.11% | |
55 Neutral | $7.12B | 3.39 | -6.24% | 6.01% | -0.03% | -52.30% | |
41 Neutral | $113.26M | 33.55 | -6.93% | 0.73% | -2.03% | -348.43% |
* Energy Sector Average
Performance Comparison
SND
Smart Sand
2.06
0.04
1.98%
SLNG
Stabilis Solutions
5.73
1.59
38.41%
MMLP
Martin Midstream
2.90
0.26
9.85%
NCSM
Ncs Multistage Holdings
29.32
13.07
80.43%
OXLC
Oxford Lane Capital
4.54
0.50
12.38%
Smart Sand Earnings Call Summary
Earnings Call Date: Mar 4, 2025 | % Change Since: -2.37% | Next Earnings Date: May 13, 2025
Earnings Call Sentiment Neutral
The earnings call presented a mixed outlook. Positive aspects included a focus on free cash flow, shareholder returns, and strategic growth initiatives. However, challenges such as decreased sales volumes and revenue, alongside lower contribution margins and EBITDA, highlighted operational pressures. The company remains optimistic about future demand and pricing improvements, particularly in natural gas markets.Highlights
Positive Free Cash Flow
Smart Sand reported positive free cash flow of $3.7 million for the third quarter and $11.7 million year-to-date. The company remains cash flow positive for 2024.
Special Dividend and Share Buyback
A special dividend of $0.10 per share was paid, and a share buyback plan of up to $10 million was announced, indicating a focus on returning capital to shareholders.
New Credit Facility
A new 5-year $30 million ABL credit facility was established with First Citizens Bank, providing efficient and flexible funding.
Sales Volume Increase
Sales volumes increased by 9% over 2023, with approximately 1.2 million tons delivered in the third quarter.
Decreased Capital Expenditures
Capital expenditures are down $11 million year-to-date, with total expected to be at or under $10 million for 2024, compared to $23 million in 2023.
Growth in Industrial Product Solutions
IPS sales volumes increased by 38% sequentially and are expected to grow from under 5% to around 10% of total sales volumes in 2025.
Lowlights
Decrease in Sales Volumes and Revenue
Third quarter sales volumes decreased by 7% from the second quarter, with total revenues dropping from $73.8 million to $63.2 million.
Lower Contribution Margin and EBITDA
Contribution margin fell to $13.2 million from $19.8 million in the second quarter, with adjusted EBITDA dropping to $5.7 million from $11.9 million.
Non-Cash Charge and Increased Operating Expenses
A $1.1 million non-cash charge was incurred due to the closure of a Canadian facility, contributing to an increase in operating expenses to $11.4 million from $9.5 million.
Company Guidance
During Smart Sand's Q3 2024 earnings call, the company provided several financial metrics and guidance reflecting its performance and strategic initiatives. The company reported sales volumes of just under 1.2 million tons and an adjusted EBITDA of $5.7 million for the quarter. Positive free cash flow was reported at $3.7 million, contributing to a year-to-date free cash flow of $11.7 million. Despite a 7% decrease from the previous quarter, total revenues were $63.2 million, with a contribution margin of $13.2 million or $11.09 per ton sold. Smart Sand also highlighted a decrease in capital expenditures, down to $5.1 million year-to-date compared to $16.1 million in 2023, and anticipated total capital expenditures to remain under $10 million for 2024. The company announced a share buyback plan of up to $10 million and recently paid a special dividend of $0.10 per share, demonstrating a commitment to returning capital to shareholders. Looking forward, Smart Sand expects a pickup in activity, especially in natural gas markets, and anticipates continued demand for Northern White Sand. They foresee fourth-quarter sand sales volumes ranging from 1.1 to 1.4 million tons and anticipate positive free cash flow for the year despite increased capital expenditures in the fourth quarter.Smart Sand Corporate Events
Business Operations and Strategy
Smart Sand to Present at Sidoti Small-Cap Conference
Neutral
Mar 18, 2025
On March 18, 2025, Smart Sand Inc. announced its participation in the Sidoti Small-Cap Virtual Conference on March 19-20, 2025, where it will present and host one-on-one meetings with investors. This engagement is expected to enhance Smart Sand’s visibility and investor relations within the small-cap market, potentially impacting its market positioning and stakeholder engagement.
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.