Company Valuation: Smart Sand, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 74.85 77.52 81.05 79.7 96.57 174.2
Change - 3.56% 4.55% -1.66% 21.16% 80.36%
Enterprise Value (EV) 1 126.6 107.1 120.1 117.4 132.2 187.8
Change - -15.36% 12.09% -2.25% 12.66% 42.02%
P/E 1.83x -1.47x -89.5x 16.2x 29.2x 133x
PBR 0.25x 0.31x 0.32x 0.31x 0.36x 0.65x
PEG - 0x 0.9x -0x -0.8x -2.2x
Capitalization / Revenue 0.61x 0.61x 0.32x 0.27x 0.31x 0.53x
EV / Revenue 1.03x 0.85x 0.47x 0.4x 0.42x 0.57x
EV / EBITDA 9.23x -5.77x 5.14x 4.23x 4.01x 7.75x
EV / EBIT -15x -2.44x -38.4x 394x 32.5x -37.4x
EV / FCF 35.2x 2.11x 38x 13.9x 12.2x 5.56x
FCF Yield 2.84% 47.5% 2.63% 7.2% 8.19% 18%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 0.94 -1.213 -0.02 0.1194 0.0771 0.03
Distribution rate - - - - - -
Net sales 1 122.3 126.6 255.7 296 311.4 330.2
EBITDA 1 13.71 -18.58 23.36 27.77 33 24.24
EBIT 1 -8.421 -43.89 -3.127 0.298 4.066 -5.026
Net income 1 37.95 -50.67 -0.703 4.649 2.992 1.345
Net Debt 1 51.72 29.61 39.03 37.68 35.67 13.63
Reference price 2 1.720 1.780 1.790 1.930 2.250 4.000
Nbr of stocks (in thousands) 43,518 43,549 45,277 41,296 42,919 43,544
Announcement Date 3/3/21 3/8/22 2/28/23 3/11/24 3/4/25 2/26/26
1USD in Million2USD
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 202M
15.03x1.76x8.63x1.84% 56.48B
19.06x2.51x9.93x2.82% 44.79B
34.68x6.09x18.42x0.68% 36.02B
34.01x3.36x17.88x1.14% 34.24B
30.2x4.62x15.67x0.8% 33.91B
11.69x1.4x6.56x2.63% 29.03B
16.09x2.02x8.18x1.36% 21.55B
66.76x4.14x64.15x0.35% 20.68B
16.43x5.18x10.66x2.58% 19.57B
Average 27.10x 3.45x 17.79x 1.58% 29.65B
Weighted average by Cap. 25.41x 3.29x 15.66x 1.64%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Smart Sand, Inc.

Historical PBR trend

Valuation ratios - PBR - Smart Sand, Inc.

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Smart Sand, Inc.

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Smart Sand, Inc.

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