Smart Sand, Inc.
$5.71
+12%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.
At a Glance
Live SnapshotIntrinsic Alpha Methodology
Thesis Lenses
Signal
High confidenceValuation multiple is elevated (P/E 190.3).
Valuation inputs: P/E 190.3, earnings yield +0.5%, momentum +12.0%.
If multiples stay elevated while momentum fades, downside repricing risk rises.
Driver
High confidenceReturn profile is soft (ROE +0.6%, ROIC +0.4%).
Profitability stack: net margin +0.4%, ROE +0.6%, ROIC +0.4%.
Quality deterioration often appears in margins before it shows up in headline EPS.
Risk
High confidenceRisk profile is balanced but has notable pressure points to monitor.
Risk factors: liabilities/assets +29.5%, momentum +12.0%, net margin +0.4%.
Higher leverage with weak momentum and thin margins can amplify drawdown severity.
Smart Sand, Inc. Market vs Earnings Trajectory
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Smart Sand, Inc. Fair Value Envelope
Smart Sand, Inc. Profit Bridge
Profitability Analysis
Gross Margin
Thin margins leave little room for error. Cost management and pricing strategy are critical.
Operating Margin
Operating losses indicate the core business is unprofitable. Requires restructuring or revenue growth.
Net Profit Margin
Minimal profitability after all expenses. Limited financial flexibility for reinvestment or shareholder returns.
Smart Sand, Inc. Cash Conversion Engine
Cash Flow Quality Analysis
FCF Conversion Rate
Excellent cash generation. The company converts earnings to cash at or above 100%, indicating high-quality earnings.
CapEx Intensity
Moderate capital requirements typical of many stable businesses. Healthy balance between reinvestment and cash generation.
FCF Growth Trend
Strong FCF growth demonstrates improving cash generation and business momentum. Positive signal for sustainability.
Working Capital Impact
Working capital inflow boosted cash flow. Efficient management of receivables, inventory, and payables contributing positively.
Cash Flow Quality Insight
Exceptional cash generation: High-quality earnings converting to growing free cash flow. The company demonstrates strong pricing power, efficient operations, and disciplined capital allocation.
Smart Sand, Inc. Funding & Solvency Profile
Financial Health Analysis
Current Ratio
Strong liquidity. The company has adequate resources to meet short-term liabilities.
Debt-to-Equity Ratio
Conservative capital structure. The company relies primarily on equity financing, indicating low financial risk.
Working Capital
Strong working capital position provides significant operational flexibility and financial cushion.
Asset Composition
Capital-intensive business with significant long-term investments in property, equipment, or intangibles.
Financial Health Insight
Strong financial foundation: Excellent liquidity combined with conservative leverage suggests the company is well-positioned to weather economic uncertainties and fund growth opportunities.
Smart Sand, Inc. Street Expectations Map
Wall Street analysts project that SND stock may decline over the coming 12 months. The consensus 1-year price target stands at 2.25, with estimates ranging from a low of 2.25 to a high of 2.25.
The consensus 1-year price target stands at 2.25, with estimates ranging from a low of 2.25 to a high of 2.25.
Analyst Consensus Analysis
Upside Potential
Significant downside risk. Stock trading well above analyst consensus suggests elevated valuation concerns and potential correction.
Analyst Agreement
High analyst agreement. Narrow target range indicates strong consensus on valuation, suggesting clear investment thesis and predictable outlook.
Risk-Reward Profile
Balanced risk-reward. Upside and downside potential relatively symmetric. Suitable for moderate risk tolerance with conviction in thesis.
Analyst Conviction
Bearish or uncertain outlook. Limited upside or poor consensus suggests challenges ahead or fundamental concerns.
Market Sentiment Insight
Consensus overvaluation: Analysts agree the stock is richly valued with limited upside. Consider booking profits or defensive positioning unless you have contrarian conviction in unrecognized catalysts.
Smart Sand, Inc. Insider Positioning
During the last 12 months, insiders have purchased $213K and sold $1.95M worth of SND shares, resulting in $1.74M of net selling activity.
3 Months
4.4K
20.00K
203.0K
828.14K
-808K
-$808K
3-6 Months
0
0.00
250.0K
1.01M
-1.0M
-$1.01M
6-9 Months
7.7K
22.38K
0
0.00
+22K
+$22K
9-12 Months
89.0K
170.20K
58.3K
117.43K
+53K
+$53K
Top Buyers
Young Charles Edwin
Director, 10 Percent Owner, Officer: Ceo
$170K
Whelan Ronald P
Officer: See Remarks
$42K
Top Sellers
Porcelli Francis Michael
Director
$1.49M
Spurlin Sharon
Director
$247K
Pawlenty Timothy
Director
$102K
Green Christopher M.
Officer: Vice President Of Accounting
$29K
Young William John
Officer: Chief Operating Officer
$23K
Insider Activity Analysis
Net Insider Sentiment
Strong bearish signal with $1.74M net selling. Heavy insider selling may indicate concerns about valuation or near-term prospects.
Buy/Sell Ratio
Weak buy/sell ratio. Selling significantly exceeds buying—monitor for potential fundamental concerns.
Recent Trend (3 Months)
Heavy recent selling activity. Recent insider sales notably exceed purchases—may warrant investigation into company developments.
Insider Participation
5 insider sellers vs. 2 buyers. Widespread selling across multiple insiders may signal concerns.
Insider Activity Insight
Multiple red flags: Heavy selling, numerous sellers, and continued recent selling create a concerning pattern. Investigate fundamental drivers and consider whether company guidance or industry conditions have deteriorated.
snd Dividend History
Learning Layer
Related Guides
Build conviction on SND by pairing this stock hub with focused valuation guides.
Research Paths
Snapshot
Start with context, operating signals, and key market metrics.
Value Model
Stress test fair value across bear, base, and bull assumptions.
Statements
Validate revenue quality, margins, and balance sheet durability.
Earnings Call
Read management commentary and compare it with reported outcomes.
Dividends
Check payout sustainability and long-term distribution behavior.
Analyst Expectations
Review consensus spread and where estimate risk is concentrated.