Smart Sand Inc.
Find Ratings ReportsSMART SAND INC's gross profit margin for the third quarter of its fiscal year 2023 has increased when compared to the same period a year ago. The company managed to grow both sales and net income at a faster pace than the average competitor in its subsector this quarter as compared to the same quarter a year ago. SMART SAND INC has weak liquidity. Currently, the Quick Ratio is 0.76 which shows a lack of ability to cover short-term cash needs. The company's liquidity has decreased from the same period last year.
At the same time, stockholders' equity ("net worth") has remained virtually unchanged only increasing by 2.74% from the same quarter last year. Overall, the key liquidity measurements indicate that the company is in a position in which financial difficulties could develop in the future.
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Income Statement | Q3 FY23 | Q3 FY22 |
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Net Sales ($mil) | 76.9 | 71.59 |
EBITDA ($mil) | 12.05 | 10.21 |
EBIT ($mil) | 4.83 | 3.31 |
Net Income ($mil) | 6.73 | 2.68 |
Balance Sheet | Q3 FY23 | Q3 FY22 |
---|---|---|
Cash & Equiv. ($mil) | 9.31 | 10.37 |
Total Assets ($mil) | 346.51 | 375.4 |
Total Debt ($mil) | 38.7 | 53.33 |
Equity ($mil) | 246.15 | 239.56 |
Profitability | Q3 FY23 | Q3 FY22 |
---|---|---|
Gross Profit Margin | 27.27 | 24.82 |
EBITDA Margin | 15.67 | 14.25 |
Operating Margin | 6.29 | 4.62 |
Sales Turnover | 0.89 | 0.58 |
Return on Assets | 3.48 | -4.14 |
Return on Equity | 4.9 | -6.5 |
Debt | Q3 FY23 | Q3 FY22 |
---|---|---|
Current Ratio | 1.34 | 1.32 |
Debt/Capital | 0.14 | 0.18 |
Interest Expense | 0.28 | 0.41 |
Interest Coverage | 17.51 | 8.06 |
Share Data | Q3 FY23 | Q3 FY22 |
---|---|---|
Shares outstanding (mil) | 38.31 | 42.65 |
Div / share | 0.0 | 0.0 |
EPS | 0.18 | 0.06 |
Book value / share | 6.42 | 5.62 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 123621.0 | 148408.0 |
HOLD. SMART SAND INC's P/E ratio indicates a significant discount compared to an average of 21.33 for the Mining (except Oil and Gas) subsector and a significant discount compared to the S&P 500 average of 27.95. For additional comparison, its price-to-book ratio of 0.29 indicates a significant discount versus the S&P 500 average of 4.68 and a significant discount versus the subsector average of 3.13. The price-to-sales ratio is well below both the S&P 500 average and the subsector average, indicating a discount. Upon assessment of these and other key valuation criteria, SMART SAND INC proves to trade at a discount to investment alternatives.
Price/Earnings |
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Price/Cash Flow |
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SND 5.84 | Peers 21.33 | SND 1.86 | Peers 11.36 | |||||||||||||||||||||
Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations. SND is trading at a significant discount to its peers. |
Discount. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures. SND is trading at a significant discount to its peers. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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SND 7.33 | Peers 14.45 | SND NM | Peers 2.19 | |||||||||||||||||||||
Premium. A higher price-to-projected earnings ratio than its peers can signify a more expensive stock or higher future growth expectations. SND is trading at a premium to its peers. |
Neutral. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples. SND's negative PEG ratio makes this valuation measure meaningless. |
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Price/Book |
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Earnings Growth |
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SND 0.29 | Peers 3.13 | SND 186.48 | Peers -3.47 | |||||||||||||||||||||
Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet. SND is trading at a significant discount to its peers. |
Higher. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. SND is expected to have an earnings growth rate that significantly exceeds its peers. |
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Price/Sales |
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Sales Growth |
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SND 0.23 | Peers 4.47 | SND 41.87 | Peers 20.15 | |||||||||||||||||||||
Discount. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales. SND is trading at a significant discount to its subsector on this measurement. |
Higher. A sales growth rate that exceeds the subsector implies that a company is gaining market share. SND has a sales growth rate that significantly exceeds its peers. |
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