Overview Dividends

(SND) Smart Sand - Ratings and Ratios

Exchange: NASDAQ • Country: United States • Currency: USD • Type: Common Stock • ISIN: US83191H1077

Frac Sand, Proppant, Logistics, Wellsite Storage

Oil & Gas Equipment & Services
Market Cap in USD: 157m

IPO / Inception: 2016-11-04
Return 12m vs S&P 500: 61.2%

EPS (Earnings per Share)

EPS CAGR: 7.01%
EPS Trend: 4.5%

Last SUE: 0.09
Qual. Beats: 0

Revenue

Rev. CAGR: 29.61%
Rev. Trend: 63.7%

Last SUE: 3.62
Qual. Beats: 3

Dividends

Dividend Yield	3.80%
Yield on Cost 5y	8.67%
Yield CAGR 5y	0.00%
Payout Consistency	100.0%
Payout Ratio	1.5%

Risk via 5d forecast
Volatility	53.0%
Value at Risk 5%th	80.2%
Relative Tail Risk	-7.98%

Reward TTM
Sharpe Ratio	1.37
Alpha	83.59
CAGR/Max DD	0.94

Character TTM
Hurst Exponent	0.433
Beta	1.001
Beta Downside	1.477

Drawdowns 3y
Max DD	40.80%
Mean DD	19.17%
Median DD	19.20%

Description: SND Smart Sand December 03, 2025

Smart Sand, Inc. (NASDAQ:SND) supplies mine-to-wellsite proppant and related logistics for hydraulic fracturing. It operates two segments: the Sand Segment, which excavates, processes, and sells high-purity white sand, and the SmartSystems Segment, which provides in-basin transloading terminals and wellsite storage solutions. Its primary customers are oil and natural-gas E&P firms, oilfield service providers, and industrial manufacturers. The company was incorporated in 2011 and is headquartered in Yardley, Pennsylvania.

Key industry drivers include U.S. shale production volumes and natural-gas price spreads, which directly affect demand for proppant. As of Q3 2024, Smart Sand reported a 12% YoY increase in proppant shipments, with inventory turns improving to 4.5× per quarter-a metric that signals efficient logistics. The broader Oil & Gas Equipment & Services sector has a 5-year average EBITDA margin of ~18%; Smart Sand’s latest disclosed margin of 15% suggests room for operational leverage as drilling activity rebounds.

For a deeper, data-rich view of Smart Sand’s valuation dynamics, you might explore the company’s profile on ValueRay.

Piotroski VR‑10 (Strict, 0-10) 5.0

Net Income (3.90m TTM) > 0 and > 6% of Revenue (6% = 20.1m TTM)

FCFTA 0.03 (>2.0%) and ΔFCFTA 2.66pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue 10.33% (prev 9.56%; Δ 0.77pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.07 (>3.0%) and CFO 22.8m > Net Income 3.90m (YES >=105%, WARN >=100%)

Net Debt (33.5m) to EBITDA (24.1m) ratio: 1.39 <= 3.0 (WARN <= 3.5)

Current Ratio 1.70 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (39.0m) change vs 12m ago 0.06% (target <= -2.0% for YES)

Gross Margin 11.96% (prev 10.29%; Δ 1.66pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 98.83% (prev 83.96%; Δ 14.87pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 0.87 (EBITDA TTM 24.1m / Interest Expense TTM 1.52m) >= 6 (WARN >= 3)

Altman Z'' 2.05

(A) 0.10 = (Total Current Assets 84.0m - Total Current Liabilities 49.4m) / Total Assets 343.1m

(B) 0.20 = Retained Earnings (Balance) 69.1m / Total Assets 343.1m

(D) 0.67 = Book Value of Equity 69.1m / Total Liabilities 103.2m

Total Rating: 2.05 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 53.12

1. Piotroski 5.0pt

2. FCF Yield 5.94%

3. FCF Margin 3.37%

4. Debt/Equity 0.16

5. Debt/Ebitda 1.39

6. ROIC - WACC (= -7.58)%

7. RoE 1.65%

8. Rev. Trend 63.70%

9. EPS Trend 4.52%

What is the price of SND shares?

As of January 01, 2026, the stock is trading at USD 4.00 with a total of 210,373 shares traded.
Over the past week, the price has changed by +3.63%, over one month by +24.61%, over three months by +89.83% and over the past year by +89.81%.

Is SND a buy, sell or hold?

Smart Sand has received a consensus analysts rating of 3.00. Therefor, it is recommend to hold SND.

Strong Buy: 0
Buy: 0
Hold: 1
Sell: 0
Strong Sell: 0

What are the forecasts/targets for the SND price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	3	-25%
Analysts Target Price	3	-25%
ValueRay Target Price	4.2	4%

SND Fundamental Data Overview January 01, 2026

Market Cap USD = 156.9m (156.9m USD * 1.0 USD.USD)
P/E Trailing = 39.5
P/S = 0.4678
P/B = 0.6539
P/EG = 0.15
Beta = 0.391
Revenue TTM = 335.5m USD
EBIT TTM = 1.32m USD
EBITDA TTM = 24.1m USD
Long Term Debt = 8.19m USD (from longTermDebt, last quarter)
Short Term Debt = 14.2m USD (from shortTermDebt, last quarter)
Debt = 38.6m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 33.5m USD (from netDebt column, last quarter)
Enterprise Value = 190.4m USD (156.9m + Debt 38.6m - CCE 5.08m)
Interest Coverage Ratio = 0.87 (Ebit TTM 1.32m / Interest Expense TTM 1.52m)
FCF Yield = 5.94% (FCF TTM 11.3m / Enterprise Value 190.4m)
FCF Margin = 3.37% (FCF TTM 11.3m / Revenue TTM 335.5m)
Net Margin = 1.16% (Net Income TTM 3.90m / Revenue TTM 335.5m)
Gross Margin = 11.96% ((Revenue TTM 335.5m - Cost of Revenue TTM 295.4m) / Revenue TTM)
Gross Margin QoQ = 16.10% (prev 10.44%)
Tobins Q-Ratio = 0.56 (Enterprise Value 190.4m / Total Assets 343.1m)
Interest Expense / Debt = 0.83% (Interest Expense 320.0k / Debt 38.6m)
Taxrate = 40.88% (2.08m / 5.08m)
NOPAT = 778.6k (EBIT 1.32m * (1 - 40.88%))
Current Ratio = 1.70 (Total Current Assets 84.0m / Total Current Liabilities 49.4m)
Debt / Equity = 0.16 (Debt 38.6m / totalStockholderEquity, last quarter 239.9m)
Debt / EBITDA = 1.39 (Net Debt 33.5m / EBITDA 24.1m)
Debt / FCF = 2.96 (Net Debt 33.5m / FCF TTM 11.3m)
Total Stockholder Equity = 236.0m (last 4 quarters mean from totalStockholderEquity)
RoA = 1.14% (Net Income 3.90m / Total Assets 343.1m)
RoE = 1.65% (Net Income TTM 3.90m / Total Stockholder Equity 236.0m)
RoCE = 0.54% (EBIT 1.32m / Capital Employed (Equity 236.0m + L.T.Debt 8.19m))
RoIC = 0.31% (NOPAT 778.6k / Invested Capital 250.3m)
WACC = 7.89% (E(156.9m)/V(195.5m) * Re(9.71%) + D(38.6m)/V(195.5m) * Rd(0.83%) * (1-Tc(0.41)))
Discount Rate = 9.71% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 33.33 | Cagr: 0.79%
[DCF Debug] Terminal Value 63.31% ; FCFE base≈7.64m ; Y1≈5.01m ; Y5≈2.29m
Fair Price DCF = 0.88 (DCF Value 35.0m / Shares Outstanding 39.7m; 5y FCF grow -40.0% → 3.0% )
EPS Correlation: 4.52 | EPS CAGR: 7.01% | SUE: 0.09 | # QB: 0
Revenue Correlation: 63.70 | Revenue CAGR: 29.61% | SUE: 3.62 | # QB: 3

Additional Sources for SND Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
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Fund Manager Positions: Dataroma | Stockcircle