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Smart Sand Inc (SND)
:SND
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Smart Sand
(NASDAQ:SND)
Select Model
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Rating:62Neutral
Price Target:
$3.50
▲(19.45% Upside)
Smart Sand's overall stock score is driven by a stable financial foundation and strong technical momentum. However, profitability challenges and a high P/E ratio suggest caution. The lack of earnings call data and corporate events limits further insights.
Positive Factors
Revenue Growth
Consistent revenue growth indicates a recovery trend and suggests that the company is expanding its market presence and product demand.
Cash Flow Improvement
Significant improvement in cash flow generation enhances the company's ability to reinvest in growth opportunities and maintain financial stability.
Balance Sheet Stability
A stable balance sheet with low leverage provides a solid foundation for future growth and reduces financial risk.
Negative Factors
Profitability Challenges
Low profitability margins indicate operational challenges, which could hinder the company's ability to generate sustainable earnings over time.
Operational Challenges
Negative EBIT margin suggests inefficiencies in operations, potentially impacting the company's long-term profitability and competitiveness.
Cash Flow Conversion Issues
Low cash flow conversion indicates challenges in converting earnings into cash, which may affect liquidity and investment capacity.
Smart Sand (SND) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$128.45M
Dividend YieldN/A
Average Volume (3M)179.38K
Price to Earnings (P/E)30.2
Beta (1Y)0.82
Revenue Growth18.98%
EPS GrowthN/A
CountryUS
Employees285
SectorEnergy
Sector Strength52
IndustryOil & Gas Equipment & Services
Share Statistics
EPS (TTM)0.08
Shares Outstanding43,543,793
10 Day Avg. Volume269,930
30 Day Avg. Volume179,380
Financial Highlights & Ratios
PEG Ratio-0.82
Price to Book (P/B)0.36
Price to Sales (P/S)0.28
P/FCF Ratio8.04
Enterprise Value/Market Cap0.91
Enterprise Value/Revenue0.35
Enterprise Value/Gross Profit2.91
Enterprise Value/Ebitda4.85
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.19
Revenue Forecast (FY)$298.83M
Smart Sand Business Overview & Revenue Model
Company DescriptionSmart Sand Inc. (SND) is a leading provider of industrial sand used primarily in the hydraulic fracturing process in the oil and gas industry. The company specializes in the production and supply of high-quality, in-basin frac sand, which is essential for extracting oil and natural gas from wells. Smart Sand operates multiple facilities and strategically located sand mines, enabling efficient delivery and cost-effective solutions for its customers in the energy sector.
How the Company Makes MoneySmart Sand generates revenue through the sale of its industrial sand products, primarily frac sand, to oil and gas exploration and production companies. The company's revenue model is based on the volume of sand sold, with pricing influenced by demand in the energy market and competitive dynamics. Key revenue streams include direct sales to customers, long-term supply contracts with major energy companies, and spot market transactions. Additionally, Smart Sand benefits from its strategic partnerships and relationships with operators in the oil and gas industry, which help secure consistent demand and facilitate growth. The company also focuses on operational efficiency and cost management to enhance profitability.
Smart Sand Earnings Call Summary
Earnings Call Date:Nov 12, 2024
(Q3-2024)
| % Change Since: |
Next Earnings Date:Mar 03, 2026
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 Financial Statement Overview
Summary
Smart Sand shows signs of recovery with revenue growth and improved cash flow generation. However, profitability remains a challenge, with low margins and returns on equity. The balance sheet is stable, with low leverage, providing a solid foundation for future growth.Income Statement
Smart Sand's income statement shows a positive revenue growth rate of 9.69% in the TTM, indicating a recovery trend. However, the gross profit margin has decreased compared to the previous year, and the net profit margin remains low at 0.26%. The EBIT margin is negative, reflecting operational challenges. Overall, while revenue is growing, profitability remains a concern.65
Positive
Balance Sheet
The balance sheet is relatively stable with a low debt-to-equity ratio of 0.20, indicating conservative leverage. The return on equity is low at 0.34%, suggesting limited profitability. The equity ratio is healthy, showing a strong equity base relative to total assets. Overall, the balance sheet reflects financial stability but limited returns.70
Positive
Cash Flow
Cash flow analysis reveals a significant improvement in free cash flow growth at 5285.24% in the TTM, indicating strong cash generation. However, the operating cash flow to net income ratio is low at 0.23, suggesting cash flow challenges relative to earnings. The free cash flow to net income ratio is also low, indicating limited cash conversion. Overall, cash flow generation is improving but remains a concern.75
Positive
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 335.47M | 311.37M | 295.97M | 255.74M | 126.65M | 122.34M |
| Gross Profit | 40.12M | 44.82M | 41.55M | 29.59M | -15.91M | 18.12M |
| EBITDA | 24.10M | 31.75M | 27.29M | 24.98M | -31.61M | 49.99M |
| Net Income | 3.90M | 2.99M | 4.65M | -703.00K | -50.67M | 37.95M |
Balance Sheet | ||||||
| Total Assets | 343.07M | 341.55M | 346.30M | 360.00M | 374.02M | 427.68M |
| Cash, Cash Equivalents and Short-Term Investments | 5.08M | 1.55M | 6.07M | 5.51M | 25.59M | 11.72M |
| Total Debt | 38.59M | 37.22M | 43.75M | 44.54M | 55.20M | 63.44M |
| Total Liabilities | 103.20M | 97.74M | 104.03M | 116.53M | 132.86M | 138.87M |
| Stockholders Equity | 239.87M | 243.81M | 242.27M | 243.47M | 241.16M | 288.81M |
Cash Flow | ||||||
| Free Cash Flow | 11.31M | 10.85M | 7.96M | -7.31M | 21.22M | 16.92M |
| Operating Cash Flow | 22.78M | 17.86M | 30.99M | 5.42M | 32.44M | 25.54M |
| Investing Cash Flow | -10.72M | -6.92M | -22.90M | -18.21M | -11.14M | -8.56M |
| Financing Cash Flow | -14.19M | -15.46M | -7.53M | -7.29M | -7.43M | -7.90M |
Smart Sand Technical Analysis
Positive
2.93
Price Trends
2.31
Positive
2.12
Positive
2.06
Positive
Market Momentum
0.23
Negative
85.68
Negative
92.42
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SND, the sentiment is Positive. The current price of 2.93 is above the 20-day moving average (MA) of 2.56, above the 50-day MA of 2.31, and above the 200-day MA of 2.06, indicating a bullish trend. The MACD of 0.23 indicates Negative momentum. The RSI at 85.68 is Negative, neither overbought nor oversold. The STOCH value of 92.42 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SND.
Smart Sand Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | $95.28M | 8.26 | 11.89% | ― | 16.61% | -72.29% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
62 Neutral | $128.45M | 30.16 | 1.61% | ― | 18.98% | ― | |
54 Neutral | $84.48M | ― | -5.18% | ― | 7.46% | -165.76% | |
44 Neutral | $61.47M | ― | -19.81% | ― | -22.31% | 39.11% | |
44 Neutral | $31.22M | -0.43 | ― | ― | -12.57% | -45.75% | |
41 Neutral | $20.05M | ― | ― | ― | 2.59% | 16.02% |
* Energy Sector Average
SND
Smart Sand
3.26
0.98
42.98%
DWSN
Dawson Geophysical Company
1.94
0.50
34.72%
NCSM
Ncs Multistage Holdings
37.50
14.30
61.64%
NINE
Nine Energy Service
0.44
-1.24
-73.81%
KLXE
KLX Energy Services Holdings
1.59
-4.31
-73.05%
DTI
Drilling Tools International
2.42
-1.10
-31.25%
Smart Sand Corporate Events
Smart Sand Inc. Reports Strong Revenue Growth
Nov 13, 2025
Smart Sand Inc., based in Yardley, Pennsylvania, operates as a fully integrated frac and industrial sand supply and services company, providing mine to wellsite proppant supply and logistics solutions primarily for hydraulic fracturing operations. The company also offers sand for various industrial uses through its Industrial Product Solutions business.
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
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.