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Smart Sand Inc (SND)
NASDAQ:SND
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Smart Sand
(NASDAQ:SND)
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Rating:49Neutral
Price Target:
$2.00
▼(-6.54% Downside)
Smart Sand's overall stock score is primarily impacted by financial performance challenges, including weak profitability and cash flow issues. Technical analysis suggests a bearish trend, while valuation metrics indicate potential overvaluation. The lack of earnings call data and corporate events leaves these areas unaddressed.
Smart Sand (SND) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$93.22M
Dividend YieldN/A
Average Volume (3M)100.58K
Price to Earnings (P/E)117.6
Beta (1Y)0.87
Revenue Growth3.43%
EPS Growth-36.73%
CountryUS
Employees285
SectorEnergy
Sector Strength52
IndustryOil & Gas Equipment & Services
Share Statistics
EPS (TTM)0.54
Shares Outstanding43,559,223
10 Day Avg. Volume133,253
30 Day Avg. Volume100,578
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market Cap1.33
Enterprise Value/Revenue0.40
Enterprise Value/Gross Profit3.99
Enterprise Value/Ebitda5.69
Forecast
1Y Price Target
$2.00Price Target Upside-6.54% Downside
Rating ConsensusHold
Number of Analyst Covering0
Smart Sand Business Overview & Revenue Model
Company DescriptionSmart Sand, Inc., an integrated frac sand supply and services company, engages in the excavation, processing, and sale of sands or proppant for use in hydraulic fracturing operations in the oil and gas industry in the United States. It also provides logistics services; and SmartSystems, a wellsite proppant storage solution. The company sells its products primarily to oil and natural gas exploration and production companies, oilfield service companies, and industrial manufacturers. As of December 31, 2021, it had approximately 250 million tons of proven and probable recoverable sand reserves. Smart Sand, Inc. was incorporated in 2011 and is headquartered in The Woodlands, Texas.
How the Company Makes MoneySmart Sand generates revenue primarily through the sale of proppant products to oil and gas exploration and production companies. The company has multiple key revenue streams, including direct sales of its proppant products, long-term supply agreements with major energy producers, and custom sand processing services. Significant partnerships with large E&P companies also contribute to a stable revenue base, as these partnerships often involve multi-year contracts that provide predictable cash flow. Additionally, fluctuations in oil prices and the overall health of the energy market can impact demand for Smart Sand's products, influencing its financial performance.
Smart Sand Earnings Call Summary
Earnings Call Date:Aug 12, 2025
(Q3-2024)
| % Change Since: |
Next Earnings Date:Nov 11, 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 Financial Statement Overview
Summary
Smart Sand's financial performance is challenged by weak profitability and cash flow issues, despite stable balance sheet metrics. The income statement shows modest revenue growth but poor profit margins, while cash flow analysis indicates significant volatility and cash generation problems.Income Statement
Smart Sand's income statement shows modest revenue growth with a 4.07% increase in TTM. However, profitability metrics are weak, with a low net profit margin of 0.26% and negative EBIT margin, indicating operational challenges. The gross profit margin has declined from previous periods, reflecting cost pressures.45
Neutral
Balance Sheet
The balance sheet is relatively stable with a manageable debt-to-equity ratio of 0.20, suggesting moderate leverage. However, the return on equity is low at 0.34%, indicating limited profitability from equity investments. The equity ratio remains healthy, supporting financial stability.60
Neutral
Cash Flow
Cash flow analysis reveals significant volatility, with a drastic decline in free cash flow growth rate at -99.03% TTM. The operating cash flow to net income ratio is low at 0.23, indicating potential cash flow challenges. The free cash flow to net income ratio is also weak, reflecting cash generation issues.40
Negative
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 305.85M | 311.37M | 295.97M | 255.74M | 126.65M | 122.34M |
| Gross Profit | 31.06M | 44.82M | 41.55M | 29.59M | -15.91M | 18.12M |
| EBITDA | 21.75M | 31.75M | 27.29M | 24.98M | -31.47M | 50.00M |
| Net Income | 803.00K | 2.99M | 4.65M | -703.00K | -50.67M | 37.95M |
Balance Sheet | ||||||
| Total Assets | 345.85M | 341.55M | 346.30M | 360.00M | 374.02M | 427.68M |
| Cash, Cash Equivalents and Short-Term Investments | 4.29M | 1.55M | 6.07M | 5.51M | 25.59M | 11.72M |
| Total Debt | 48.99M | 37.22M | 43.75M | 44.54M | 55.20M | 63.44M |
| Total Liabilities | 105.35M | 97.74M | 104.03M | 116.53M | 132.86M | 138.87M |
| Stockholders Equity | 240.50M | 243.81M | 242.27M | 243.47M | 241.16M | 288.81M |
Cash Flow | ||||||
| Free Cash Flow | 210.00K | 10.85M | 7.96M | -7.31M | 21.22M | 16.92M |
| Operating Cash Flow | 10.43M | 17.86M | 30.99M | 5.42M | 32.44M | 25.54M |
| Investing Cash Flow | -9.39M | -6.92M | -22.90M | -18.21M | -11.14M | -8.56M |
| Financing Cash Flow | -3.00M | -15.46M | -7.53M | -7.29M | -7.43M | -7.90M |
Smart Sand Technical Analysis
Positive
2.14
Price Trends
1.95
Positive
1.92
Positive
2.03
Positive
Market Momentum
0.06
Negative
65.68
Neutral
83.81
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 2.14 is above the 20-day moving average (MA) of 2.00, above the 50-day MA of 1.95, and above the 200-day MA of 2.03, indicating a bullish trend. The MACD of 0.06 indicates Negative momentum. The RSI at 65.68 is Neutral, neither overbought nor oversold. The STOCH value of 83.81 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 |
|---|---|---|---|---|---|---|---|
73 Outperform | $134.87M | 11.13 | 11.84% | ― | 19.15% | -71.62% | |
61 Neutral | $83.80M | -18.43 | -3.72% | ― | 9.74% | -132.61% | |
49 Neutral | $93.22M | 117.58 | 0.33% | ― | 3.43% | -36.73% | |
47 Neutral | $56.82M | -7.28 | -47.38% | ― | -38.69% | -30.53% | |
46 Neutral | $36.13M | -0.50 | 149.58% | ― | -13.29% | -106.14% | |
45 Neutral | $30.04M | -0.76 | 44.58% | ― | 3.23% | 31.76% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% |
* Energy Sector Average
SND
Smart Sand
2.14
0.35
19.55%
DWSN
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1.83
0.25
15.82%
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0.69
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-38.94%
KLXE
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2.02
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-63.07%
DTI
Drilling Tools International
2.35
-1.38
-37.00%
Smart Sand Corporate Events
Business Operations and StrategyDividends
Smart Sand Announces Special Cash Dividend
Positive
Jul 23, 2025
On July 23, 2025, Smart Sand, Inc. announced a special cash dividend of $0.10 per share, payable on August 14, 2025, to stockholders of record as of August 4, 2025. This move reflects the company’s ongoing strategy to return value to its shareholders, as stated by CEO Charles Young, who emphasized their commitment to cost management and efficiency to create further value opportunities.
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.
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.