Smart Sand (SND) AI Stock Analysis

• Market Cap: $84.94M
• Dividend Yield: N/A
• Average Volume (3M): 94.49K
• Price to Earnings (P/E): 107.1
• Beta (1Y): 0.78
• Revenue Growth: 3.43%
• EPS Growth: -36.73%
• Country: US
• Employees: 285
• Sector: Energy
• Sector Strength: 67
• Industry: Oil & Gas Equipment & Services
• EPS (TTM): 0.54
• Shares Outstanding: 43,559,223
• 10 Day Avg. Volume: 70,747
• 30 Day Avg. Volume: 94,489
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 1.46
• Enterprise Value/Revenue: 0.40
• Enterprise Value/Gross Profit: 3.99
• Enterprise Value/Ebitda: 5.69
• 1Y Price Target: $2.00
• Price Target Upside: 5.26% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 49 Neutral
• Price Target: $2.00 ▲(5.26% Upside)

Smart Sand's overall stock score is primarily impacted by its weak financial performance and high valuation concerns. While the balance sheet is stable, profitability and cash flow challenges weigh heavily. Technical analysis provides a mixed outlook, with limited momentum. The high P/E ratio suggests potential overvaluation, making the stock less attractive compared to peers.

Smart Sand Business Overview & Revenue Model

Company Description

Smart 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 Money

Smart 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 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.

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.

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.

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

• Technical Analysis Sentiment: Negative
• Last Price: 1.90
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: 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 1.9 is below the 20-day moving average (MA) of 1.93, below the 50-day MA of 1.91, and below the 200-day MA of 2.05, indicating a bearish trend. The MACD of <0.01 indicates Positive momentum. The RSI at 46.64 is Neutral, neither overbought nor oversold. The STOCH value of 20.32 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
NCSM	79 Outperform	$107.73M	8.89	12.76%	―	19.15%	-71.62%
Sector *	65 Neutral	$15.28B	7.48	3.22%	5.33%	4.10%	-60.58%
DTI	57 Neutral	$69.54M	26.47	-4.23%	―	9.74%	-132.61%
SND	49 Neutral	$84.94M	107.14	0.33%	―	3.43%	-36.73%
KLXE	47 Neutral	$34.79M	―	-375.26%	―	-13.29%	-106.14%
DWSN	47 Neutral	$49.68M	―	-38.69%	―	-38.69%	-30.53%
NINE	41 Neutral	$28.51M	―	73.91%	―	3.23%	31.76%

Smart Sand Corporate Events

Smart Sand Announces Special Cash Dividend

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.