SUM - Summit Materials Inc Stock Price, Fair Value and News

40.40USD-0.07 (-0.17%)Market Closed

Market Summary

USD40.40-0.07

Market Closed

-0.17%

SUM Alerts

Big jump in Revenue (Y/Y)

Big fall in earnings (Y/Y)
Losses in recent quarter

SUM Stock Price

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SUM RSI Chart

SUM Valuation

Market Cap

4.8B

Price/Earnings (Trailing)

19.04

Price/Sales (Trailing)

1.62

EV/EBITDA

14.49

Price/Free Cashflow

32.73

SUM Price/Sales (Trailing)

SUM Profitability

Operating Margin

49.99%

EBT Margin

11.84%

Return on Equity

6.02%

Return on Assets

3.12%

Free Cashflow Yield

3.06%

SUM Fundamentals

SUM Revenue

Revenue (TTM)

3.0B

Rev. Growth (Yr)

84.9%

Rev. Growth (Qtr)

21.95%

SUM Earnings

Earnings (TTM)

253.9M

Earnings Growth (Yr)

-115.53%

Earnings Growth (Qtr)

-1.2K%

Breaking Down SUM Revenue

52 Week Range

29.9840.55

(Low)(High)

Last 7 days

4.0%

Last 30 days

-6.1%

Last 90 days

8.1%

Trailing 12 Months

32.7%

How does SUM drawdown profile look like?

SUM Financial Health

Current Ratio

2.58

Debt/Equity

0.66

Debt/Cashflow

0.14

SUM Investor Care

Shares Dilution (1Y)

0.89%

Diluted EPS (TTM)

2.38

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	3.0B	0	0	0
2023	2.4B	2.5B	2.5B	2.6B
2022	2.4B	2.4B	2.5B	2.4B
2021	2.4B	2.4B	2.4B	2.4B
2020	2.2B	2.2B	2.2B	2.3B
2019	2.0B	2.0B	2.1B	2.2B
2018	1.9B	2.0B	2.0B	1.9B
2017	1.7B	1.8B	1.9B	1.9B
2016	1.5B	1.5B	1.6B	1.6B
2015	1.2B	1.3B	1.4B	1.4B
2014	945.4M	1.0B	1.1B	1.2B
2013	923.7M	921.2M	918.7M	916.2M
2012	0	0	0	926.3M

Get all data in R, Python etc through our Historical Stock Data APIs

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Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

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Russell 2000 Index

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Tracking the Latest Insider Buys and Sells of Summit Materials Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Mar 07, 2024	anderson karli s.	sold (taxes)	-211,865	42.39	-4,998	see remarks
Mar 07, 2024	noonan anne p	sold (taxes)	-1,515,150	42.39	-35,743	president & ceo
Mar 07, 2024	kilgore jason	sold (taxes)	-166,932	42.39	-3,938	see remarks
Mar 07, 2024	noonan anne p	acquired	-	-	81,696	president & ceo
Mar 07, 2024	anderson craig scott	acquired	-	-	11,667	evp & chief financial officer
Mar 07, 2024	anderson craig scott	sold (taxes)	-142,218	42.39	-3,355	evp & chief financial officer
Mar 07, 2024	gaskill christopher burke	sold (taxes)	-273,755	42.39	-6,458	see remarks
Mar 07, 2024	kilgore jason	acquired	-	-	13,434	see remarks
Mar 07, 2024	anderson karli s.	acquired	-	-	11,420	see remarks
Mar 07, 2024	gaskill christopher burke	acquired	-	-	14,759	see remarks

Which funds bought or sold SUM recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 06, 2024	DiNuzzo Private Wealth, Inc.	unchanged	-	146	1,070	-%
May 06, 2024	JOHN G ULLMAN & ASSOCIATES INC	reduced	-4.25	492,703	4,988,410	0.76%
May 06, 2024	Oxbow Advisors, LLC	new	-	353,173	353,173	0.05%
May 06, 2024	Advisory Services Network, LLC	sold off	-100	-3,884	-	-%
May 06, 2024	Valmark Advisers, Inc.	added	40.78	577,587	1,492,200	0.03%
May 06, 2024	SG Americas Securities, LLC	reduced	-25.02	-97,000	646,000	-%
May 06, 2024	Quantbot Technologies LP	new	-	39,578	39,578	-%
May 06, 2024	Parallel Advisors, LLC	added	7.87	7,212	36,057	-%
May 06, 2024	NEW YORK LIFE INVESTMENT MANAGEMENT LLC	reduced	-32.32	-100,592	365,697	-%
May 06, 2024	LEUTHOLD GROUP, LLC	reduced	-0.43	704,360	5,279,980	0.60%

Are Funds Buying or Selling SUM?

Are funds buying SUM calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own SUM

No. of Funds

Unveiling Summit Materials Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2024	price t rowe associates inc /md/	7.4%	8,814,270	SC 13G/A
Feb 13, 2024	vanguard group inc	10.02%	11,978,367	SC 13G/A
Feb 09, 2024	massachusetts financial services co /ma/	5.6%	6,650,459	SC 13G
Feb 09, 2024	dimensional fund advisors lp	4.6%	5,458,887	SC 13G/A
Feb 09, 2024	capital international investors	0.4%	492,061	SC 13G/A
Jan 24, 2024	blackrock inc.	9.5%	11,365,151	SC 13G
Jan 22, 2024	argos sem, llc	31.4%	54,720,000	SC 13D
Apr 10, 2023	vanguard group inc	10.03%	11,872,134	SC 13G/A
Feb 14, 2023	price t rowe associates inc /md/	7.6%	9,028,677	SC 13G/A
Feb 13, 2023	capital international investors	6.3%	7,422,146	SC 13G/A

Recent SEC filings of Summit Materials Inc

View All Filings

Date Filed	Form Type	Document
May 06, 2024	DEFA14A	DEFA14A
May 06, 2024	DEFA14A	DEFA14A
May 02, 2024	10-Q	Quarterly Report
May 01, 2024	8-K	Current Report
Apr 26, 2024	8-K	Current Report
Apr 08, 2024	ARS	ARS
Apr 08, 2024	DEF 14A	DEF 14A
Apr 08, 2024	DEFA14A	DEFA14A
Mar 13, 2024	8-K	Current Report
Mar 08, 2024	4	Insider Trading

Summit Materials Inc News

Latest updates

Summit Materials Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	21.9%	805	660	795	729	435	552	753	687	421	597	717	668	428	625	710	631	367	506	732	601	333
Cost Of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	267
S&GA Expenses	-	-	-	-	56.00	46.00	47.00	40.00	48.00	52.00	47.00	47.00	47.00	52.00	50.00	51.00	40.00	42.00	-34.79	62.00	61.00	68.00
EBITDA Margin	-15.2%	0.16*	0.19*	0.19*	0.13*	0.19*	0.19*	0.19*	0.18*	0.11*	0.12*	0.12*	0.11*	0.11*	-	-	-	-	-	-	-	-
Interest Expenses	68.4%	52.00	31.00	28.00	28.00	27.00	24.00	22.00	21.00	20.00	20.00	24.00	24.00	24.00	26.00	25.00	26.00	28.00	28.00	29.00	29.00	30.00
Income Taxes	-117.0%	-11.06	65.00	24.00	23.00	-6.47	12.00	25.00	54.00	-4.70	11.00	21.00	18.00	-5.44	13.00	-19.61	17.00	-22.90	-17.19	46.00	17.00	-28.00
Earnings Before Taxes	-214.7%	-78.33	68.00	257	107	-37.68	42.00	112	247	-39.54	55.00	96.00	76.00	-28.69	49.00	73.00	76.00	-69.63	19.00	104	55.00	-99.54
EBT Margin	-21.4%	0.12*	0.15*	0.15*	0.09*	0.15*	0.15*	0.15*	0.15*	0.08*	0.08*	0.08*	0.07*	0.07*	-	-	-	-	-	-	-	-
Net Income	-1150.0%	-67.27	6.00	230	85.00	-31.21	33.00	86.00	193	-34.80	154	75.00	58.00	-23.24	141	93.00	59.00	-46.73	36.00	58.00	38.00	-71.50
Net Income Margin	-23.3%	0.08*	0.11*	0.13*	0.07*	0.12*	0.11*	0.16*	0.16*	0.11*	0.11*	0.10*	0.11*	0.11*	-	-	-	-	-	-	-	-
Free Cashflow	-181.1%	-98.76	122	94.00	30.00	-63.25	74.00	57.00	-38.84	-74.49	113	95.00	33.00	-91.07	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	57.9%	8,130	5,150	4,365	4,395	4,215	4,256	4,285	4,291	4,143	4,239	4,217	4,452	4,351	4,308	4,292	4,111	3,992	4,068	4,042	3,955	3,861
Current Assets	-22.4%	1,345	1,732	877	906	891	1,018	1,093	1,056	778	870	835	1,028	858	893	866	822	688	796	778	628	511
Cash Equivalents	33.1%	498	374	197	230	379	520	472	465	287	381	258	469	360	418	289	253	199	311	183	68.00	65.00
Inventory	40.3%	339	241	243	246	235	212	203	210	187	181	195	198	211	200	210	232	231	205	197	208	214
Net PPE	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,762	1,789	1,800
Goodwill	62.5%	1,990	1,225	1,241	1,228	1,160	1,133	1,132	1,144	1,146	1,164	1,175	1,176	1,201	1,201	1,303	1,197	1,196	1,200	1,198	1,198	1,195
Liabilities	38.1%	3,911	2,833	2,057	2,322	2,235	2,244	2,314	2,350	2,397	2,416	2,445	2,757	2,737	2,692	2,723	2,649	2,596	2,623	2,655	2,632	2,583
Current Liabilities	61.6%	522	323	349	347	261	256	323	333	305	309	331	342	322	323	356	337	286	299	332	305	259
Long Term Debt	21.9%	2,800	2,297	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
LT Debt, Current	98.2%	8.00	4.00	4.00	5.00	5.00	5.00	6.00	6.00	6.00	6.00	6.00	6.00	6.00	6.00	8.00	8.00	8.00	8.00	-	-	-
Shareholder's Equity	82.9%	4,219	2,307	2,294	2,074	1,980	1,999	1,971	1,941	1,746	1,823	1,772	1,695	1,615	1,616	1,569	1,462	1,396	1,445	1,387	1,323	1,278
Retained Earnings	-7.6%	810	877	874	644	560	591	620	587	397	479	435	361	304	327	292	201	144	189	153	97.00	61.00
Additional Paid-In Capital	139.4%	3,403	1,422	1,415	1,409	1,403	1,404	1,341	1,336	1,331	1,326	1,320	1,313	1,289	1,265	1,258	1,244	1,239	1,234	1,212	1,205	1,201
Accumulated Depreciation	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,001	956	923	882	838
Shares Outstanding	-	-	-	120	119	119	120	120	118	118	122	120	118	117	116	-	-	-	-	-	-	-
Float	-	-	-	-	4,500	-	-	-	2,700	-	-	-	4,100	-	-	-	1,700	-	-	-	2,200	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	-120.6%	-40,245	195,236	149,582	93,707	335	151,907	115,937	32,967	-16,713	154,556	132,722	95,969	-21,318	190,830	156,338	100,632	-38,931	173,341	147,895	46,624	-30,676
Share Based Compensation	29.0%	6,720	5,210	5,192	5,216	4,708	3,289	4,902	4,734	5,422	4,830	4,685	4,827	5,363	5,738	13,322	4,892	4,905	4,979	4,819	4,699	5,906
Cashflow From Investing	-23218.3%	-1,103,421	-4,732	-54,881	-242,322	-118,329	-93,111	-25,624	223,928	-9,371	-25,932	-35,750	4,934	-34,500	-32,629	-155,470	-40,620	-56,868	-33,033	-28,931	-38,434	-62,411
Cashflow From Financing	-40.3%	468,742	784,967	-126,604	-1,521	-23,058	-10,306	-82,691	-78,334	-67,662	-5,835	-307,630	8,300	-2,762	-29,344	34,261	-6,082	-15,606	-11,690	-4,013	-5,372	29,225
Buy Backs	-	-	-	-	-	-	-	53,471	-	47,509	-	-	-	-	-	-	-	-	-	-	-	-

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SUM Income Statement

2024-03-30

Unaudited Consolidated Statements of Operations - Summit Materials Inc - USD ($) $ in Thousands	3 Months Ended
	Mar. 30, 2024	Apr. 01, 2023
Revenue:
Total revenue	$ 805,015	$ 435,388
Cost of revenue (excluding items shown separately below):
Total cost of revenue	624,011	354,037
General and administrative expenses	68,526	45,998
Depreciation, depletion, amortization and accretion	95,971	50,894
Transaction and integration costs	62,208	364
Gain on sale of property, plant and equipment	(848)	(430)
Operating loss	(44,853)	(15,475)
Interest expense	51,892	27,420
Loss on debt financings	5,453	493
Gain on sale of businesses	(14,985)	0
Other income, net	(8,878)	(5,710)
Loss from operations before taxes	(78,335)	(37,678)
Income tax benefit	(11,065)	(6,466)
Net loss	(67,270)	(31,212)
Net loss attributable to noncontrolling interest in Summit Holdings	(404)	(408)
Net loss attributable to Summit Inc.	$ (66,866)	$ (30,804)
Common Class A
Loss per share of Class A common stock:
Basic (in usd per share)	$ (0.40)	$ (0.26)
Diluted (in usd per share)	$ (0.40)	$ (0.26)
Weighted average shares of Class A common stock:
Basic (in shares)	167,446,041	118,564,556
Diluted (in shares)	167,511,575	118,679,656
Common Class A And Restricted Stock
Loss per share of Class A common stock:
Basic (in usd per share)	$ (0.40)	$ (0.26)
Weighted average shares of Class A common stock:
Basic (in shares)	167,511,575	118,679,656
Diluted (in shares)	167,511,575	118,679,656
Excluding delivery and subcontract revenue
Revenue:
Total revenue	$ 773,229	$ 407,270
Cost of revenue (excluding items shown separately below):
Total cost of revenue	592,225	325,919
Product
Revenue:
Total revenue	728,694	372,172
Cost of revenue (excluding items shown separately below):
Total cost of revenue	556,020	295,881
Service
Revenue:
Total revenue	44,535	35,098
Cost of revenue (excluding items shown separately below):
Total cost of revenue	36,205	30,038
Delivery and subcontract revenue
Revenue:
Total revenue	31,786	28,118
Cost of revenue (excluding items shown separately below):
Total cost of revenue	$ 31,786	$ 28,118

SUM Balance Sheet

2024-03-30

Consolidated Balance Sheets - Summit Materials Inc - USD ($) $ in Thousands	Mar. 30, 2024	Dec. 30, 2023
Current assets:
Cash and cash equivalents	$ 498,110	$ 374,162
Restricted cash	0	800,000
Accounts receivable, net	454,650	287,252
Costs and estimated earnings in excess of billings	11,681	10,289
Inventories	338,501	241,350
Other current assets	40,644	17,937
Current assets held for sale	1,375	1,134
Total current assets	1,344,961	1,732,124
Property, plant and equipment, less accumulated depreciation, depletion and amortization (March 30, 2024 - $1,447,284 and December 30, 2023 - $1,267,557)	4,417,355	1,976,820
Goodwill	1,990,482	1,224,861
Intangible assets, less accumulated amortization (March 30, 2024 - $28,335 and December 30, 2023 - $18,972)	179,587	68,081
Deferred tax assets, less valuation allowance (March 30, 2024 - $1,113 and December 30, 2023 - $1,113)	0	52,009
Operating lease right-of-use assets	89,251	36,553
Other assets	108,264	59,134
Total assets	8,129,900	5,149,582
Current liabilities:
Current portion of debt	7,575	3,822
Current portion of acquisition-related liabilities	8,993	7,007
Accounts payable	290,914	123,621
Accrued expenses	191,776	171,691
Current operating lease liabilities	16,745	8,596
Billings in excess of costs and estimated earnings	6,005	8,228
Total current liabilities	522,008	322,965
Long-term debt	2,772,709	2,283,639
Acquisition-related liabilities	20,655	28,021
Tax receivable agreement liability	44,267	41,276
Deferred tax liabilities	205,669	15,854
Noncurrent operating lease liabilities	78,618	33,230
Other noncurrent liabilities	267,337	108,017
Total liabilities	3,911,263	2,833,002
Commitments and contingencies (see note 12)
Stockholders’ equity:
Preferred stock	0	0
Additional paid-in capital	3,403,307	1,421,813
Accumulated earnings	809,885	876,751
Accumulated other comprehensive income	3,690	7,275
Stockholders’ equity	4,218,637	2,307,035
Noncontrolling interest in Summit Holdings	0	9,545
Total stockholders’ equity	4,218,637	2,316,580
Total liabilities and members' interest	8,129,900	5,149,582
Common Class A
Stockholders’ equity:
Common stock	1,755	1,196
Common Class B
Stockholders’ equity:
Common stock	$ 0	$ 0

About Summit Materials Inc

Summit Materials, Inc. operates as a vertically integrated construction materials company. It operates in three segments: West, East, and Cement. The company offers aggregates, cement, ready-mix concrete, asphalt paving mixes, and concrete products, as well as plastics components. It also provides asphalt paving and related services. In addition, the company operates municipal waste, construction, and demolition debris landfills; and liquid asphalt terminals. It serves the public infrastructure, and residential and nonresidential end markets in the United States; and in British Columbia, Canada. The company was founded in 2009 and is headquartered in Denver, Colorado.

CEO	Ms. Anne P. Noonan
WEBSITE	https://summit-materials.com
INDUSTRY	Building Materials
EMPLOYEES	4800

Summit Materials Inc Frequently Asked Questions

What is the ticker symbol for Summit Materials Inc? What does SUM stand for in stocks?

SUM is the stock ticker symbol of Summit Materials Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Summit Materials Inc (SUM)?

As of Tue May 07 2024, market cap of Summit Materials Inc is 4.83 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of SUM stock?

You can check SUM's fair value in chart for subscribers.

What is the fair value of SUM stock?

You can check SUM's fair value in chart for subscribers. The fair value of Summit Materials Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Summit Materials Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for SUM so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Summit Materials Inc a good stock to buy?

The fair value guage provides a quick view whether SUM is over valued or under valued. Whether Summit Materials Inc is cheap or expensive depends on the assumptions which impact Summit Materials Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for SUM.

What is Summit Materials Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Tue May 07 2024, SUM's PE ratio (Price to Earnings) is 19.04 and Price to Sales (PS) ratio is 1.62. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. SUM PE ratio will change depending on the future growth rate expectations of investors.