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Smart Sand Inc (SND)
NASDAQ:SND
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Smart Sand
(NASDAQ:SND)
Rating:47Neutral
Price Target:
$2.00
▲( 8.70% Upside)
Smart Sand (SND) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$81.11M
Dividend YieldN/A
Average Volume (3M)162.86K
Price to Earnings (P/E)28.6
Beta (1Y)0.91
Revenue Growth-0.94%
EPS Growth-353.00%
CountryUS
Employees285
SectorEnergy
Sector Strength42
IndustryOil & Gas Equipment & Services
Share Statistics
EPS (TTM)-0.62
Shares Outstanding44,083,344
10 Day Avg. Volume186,672
30 Day Avg. Volume162,862
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)0.34
Price to Sales (P/S)0.00
P/FCF Ratio3.89
Enterprise Value/Market Cap1.37
Enterprise Value/Revenue0.09
Enterprise Value/Gross Profit3.11
Enterprise Value/Ebitda1.09
Forecast
1Y Price Target
$3.00Price Target Upside63.04% 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 performance is mixed. The income statement shows challenges with negative EBIT and net income, reflecting operational losses and declining revenue. However, the balance sheet is stable with a low debt-to-equity ratio, and cash flow is strong with positive operating and free cash flows, suggesting financial flexibility.Income Statement
Smart Sand's income statement reflects challenges in profitability and growth. The TTM (Trailing-Twelve-Months) data shows a negative EBIT and net income, indicating operational and net losses. The gross profit margin has decreased compared to previous periods, suggesting pressures on the cost structure. Additionally, revenue has declined from the previous year, marking a negative growth trend. Despite these challenges, the company maintains a positive EBITDA, indicating potential operational cash flow resilience.45
Neutral
Balance Sheet
The balance sheet shows a moderate financial position with a relatively low debt-to-equity ratio, suggesting manageable leverage. However, the return on equity is negative due to net losses, impacting overall shareholder value. The equity ratio remains healthy, indicating a substantial equity buffer against liabilities. These factors reflect a stable but challenged financial foundation.60
Neutral
Cash Flow
Cash flow analysis for Smart Sand highlights strong operating cash flow relative to net income, indicating efficient cash conversion despite net losses. Free cash flow is positive, showing effective capital expenditure management. The company has improved its free cash flow position compared to previous periods, signaling potential for reinvestment and debt servicing.70
Positive
| Breakdown | |||||
| TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 293.88M | 311.37M | 295.97M | 255.74M | 126.65M | 122.34M | Gross Profit |
| 35.78M | 44.82M | 41.55M | 29.59M | -15.91M | 18.12M | EBIT |
| -4.83M | 3.00M | -1.50M | -2.30M | -63.48M | -8.83M | EBITDA |
| 17.68M | 31.75M | 27.29M | 24.98M | -31.47M | 50.00M | Net Income Common Stockholders |
| -21.02M | 2.99M | 4.65M | -703.00K | -50.67M | 37.95M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 5.11M | 1.55M | 6.07M | 5.51M | 25.59M | 11.72M | Total Assets |
| 326.91M | 341.55M | 346.30M | 360.00M | 374.02M | 427.68M | Total Debt |
| 32.60M | 37.22M | 43.75M | 44.54M | 55.20M | 63.44M | Net Debt |
| 27.49M | 35.67M | 37.68M | 39.03M | 29.61M | 51.72M | Total Liabilities |
| 107.00M | 97.74M | 104.03M | 116.53M | 132.86M | 138.87M | Stockholders Equity |
| 219.91M | 243.81M | 242.27M | 243.47M | 241.16M | 288.81M |
| Cash Flow | Free Cash Flow | ||||
| 21.55M | 10.85M | 7.96M | -7.31M | 21.22M | 16.92M | Operating Cash Flow |
| 30.45M | 17.86M | 30.99M | 5.42M | 32.44M | 25.54M | Investing Cash Flow |
| -8.81M | -6.92M | -22.90M | -18.21M | -11.14M | -8.56M | Financing Cash Flow |
| -21.13M | -15.46M | -7.53M | -7.29M | -7.43M | -7.90M |
Smart Sand Technical Analysis
Negative
1.84
Price Trends
2.14
Negative
2.23
Negative
2.17
Negative
Market Momentum
-0.08
Positive
38.60
Neutral
11.90
Positive
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 1.84 is below the 20-day moving average (MA) of 2.00, below the 50-day MA of 2.14, and below the 200-day MA of 2.17, indicating a bearish trend. The MACD of -0.08 indicates Positive momentum. The RSI at 38.60 is Neutral, neither overbought nor oversold. The STOCH value of 11.90 is Positive, 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 (57)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | $78.64M | 9.62 | 8.71% | ― | 18.03% | -39.52% | |
69 Neutral | $103.67M | 67.66 | 2.37% | ― | 7.30% | 208.99% | |
61 Neutral | 41.91 | 3.10% | 23.44% | 38.75% | 22.73% | ||
57 Neutral | $7.06B | 3.07 | -3.45% | 5.82% | 0.59% | -50.58% | |
47 Neutral | $81.11M | 28.65 | -9.09% | ― | -0.94% | -353.00% | |
41 Neutral | $116.77M | 33.55 | -6.93% | 0.66% | -2.03% | -348.43% |
* Energy Sector Average
Performance Comparison
SND
Smart Sand
1.84
-0.27
-12.80%
SLNG
Stabilis Solutions
5.50
1.42
34.80%
MMLP
Martin Midstream
2.99
-0.14
-4.47%
NCSM
Ncs Multistage Holdings
30.95
12.81
70.62%
OXLC
Oxford Lane Capital
4.43
0.06
1.37%
Smart Sand Earnings Call Summary
Earnings Call Date:May 13, 2025
(Q3-2024)
| % Change Since: -14.81%|
Next Earnings Date:Aug 12, 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.Q3-2024 Updates
Positive Updates
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.
Negative Updates
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
Stock BuybackBusiness Operations and Strategy
Smart Sand Implements Share Repurchase Trading Plan
Positive
May 22, 2025
On May 22, 2025, Smart Sand, Inc. announced the implementation of a written trading plan under Rule 10b5-1, part of its $10 million share repurchase program. This plan allows the company to repurchase up to $1.5 million of its shares, circumventing trading blackout periods and insider trading laws. Additionally, on May 16, 2025, Smart Sand amended its credit agreements to facilitate this trading plan, reflecting strategic financial adjustments to support its stock repurchase initiatives.
The most recent analyst rating on (SND) stock is a Hold with a $3.00 price target. To see the full list of analyst forecasts on Smart Sand stock, see the SND Stock Forecast page.
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.