Smart Sand (SND) AI Stock Analysis

• Market Cap: $86.84M
• Dividend Yield: N/A
• Average Volume (3M): 101.50K
• Price to Earnings (P/E): 28.6
• Beta (1Y): 0.81
• Revenue Growth: -0.94%
• EPS Growth: -353.00%
• Country: US
• Employees: 285
• Sector: Energy
• Sector Strength: 53
• Industry: Oil & Gas Equipment & Services
• EPS (TTM): -0.62
• Shares Outstanding: 44,083,344
• 10 Day Avg. Volume: 90,870
• 30 Day Avg. Volume: 101,495
• PEG Ratio: 1.09
• Price to Book (P/B): 0.31
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -10.38
• Enterprise Value/Market Cap: 1.86
• Enterprise Value/Revenue: 0.14
• Enterprise Value/Gross Profit: 4.51
• Enterprise Value/Ebitda: 1.58
• 1Y Price Target: $3.00
• Price Target Upside: 52.28% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 57 Neutral
• Price Target: $2.00 ▲(1.52%Upside)

Smart Sand's overall stock score is driven by its stable financial position and positive cash flows, despite profitability challenges. The technical analysis suggests a neutral market position, while the valuation remains a concern due to the negative P/E ratio. The share repurchase plan adds a positive strategic element, slightly boosting the overall score.

Smart Sand Business Overview & Revenue Model

Company Description

Smart Sand, Inc. is a provider of industrial sand primarily used as a proppant in the hydraulic fracturing of oil and natural gas wells. The company operates within the energy sector, supplying high-quality sand products to companies engaged in the exploration and production of oil and gas. Smart Sand's core operations include the mining, processing, and distribution of sand tailored to meet the specifications required by its energy sector clients.

How the Company Makes Money

Smart Sand makes money by mining and selling industrial sand, which is a critical component in the hydraulic fracturing process used by oil and gas companies to extract hydrocarbons. The company's revenue model is heavily dependent on the demand for its sand products, which is closely tied to the levels of drilling and completion activities in the oil and gas industry. Key revenue streams include long-term contracts with major exploration and production companies, spot market sales, and logistics services related to the transportation and delivery of sand to well sites. Smart Sand's earnings are influenced by factors such as the price of oil and gas, the level of drilling activity, and the company's ability to efficiently manage its mining and logistics operations.

Smart Sand Financial Statement Overview

Summary

Smart Sand exhibits a mixed financial performance. The income statement highlights challenges with profitability and revenue, marked by negative EBIT and declining gross margins. However, the balance sheet shows stable leverage and equity positions, while the cash flow statement indicates strong operating and free cash flows, suggesting potential for financial flexibility and future improvements.

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.

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.

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.

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
EBITDA	17.68M	31.75M	27.29M	24.98M	-31.47M	50.00M
Net Income	-21.02M	2.99M	4.65M	-703.00K	-50.67M	37.95M
Balance Sheet
Total Assets	326.91M	341.55M	346.30M	360.00M	374.02M	427.68M
Cash, Cash Equivalents and Short-Term Investments	5.11M	1.55M	6.07M	5.51M	25.59M	11.72M
Total Debt	32.60M	37.22M	43.75M	44.54M	55.20M	63.44M
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

• Technical Analysis Sentiment: Negative
• Last Price: 1.97
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: 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 1.97 is below the 20-day moving average (MA) of 2.05, below the 50-day MA of 2.00, and below the 200-day MA of 2.18, indicating a bearish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 45.31 is Neutral, neither overbought nor oversold. The STOCH value of 7.47 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
NCSM	74 Outperform	$76.30M	9.33	8.71%	―	18.03%	-39.52%
SLNG	62 Neutral	$82.20M	53.64	2.37%	―	7.30%	208.99%
OXLC	61 Neutral		39.38	3.10%	25.65%	38.75%	22.73%
SND	57 Neutral	$86.84M	28.65	-9.09%	―	-0.94%	-353.00%
Sector *	52 Neutral	C$2.91B	-1.09	-3.26%	6.12%	5.32%	-43.41%
MMLP	50 Neutral	$119.31M	33.55	-6.93%	0.65%	-2.03%	-348.43%

Smart Sand Corporate Events

Smart Sand Holds Annual Stockholders Meeting on June 3

On June 3, 2025, Smart Sand, Inc. held its annual meeting of stockholders where key decisions were made. Charles E. Young was elected as a Class III board member for a three-year term, the appointment of Grant Thornton LLP as the independent registered public accounting firm for 2025 was ratified, and the compensation for the company’s executive officers for 2024 was approved on an advisory basis. These decisions reflect the company’s ongoing governance and operational strategies, impacting its corporate structure and financial oversight.

The most recent analyst rating on (SND) stock is a Hold with a $2.25 price target. To see the full list of analyst forecasts on Smart Sand stock, see the SND Stock Forecast page.

Smart Sand Implements Share Repurchase Trading Plan

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.