Summit Midstream Corporation (SMC) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Summit Midstream Corporation stock $32.28, price $27.13, upside +19.0%, quality 32 out of 100. Rating: undervalued. Calculated from audited financials with 11 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 8, 2026.
How to read this chart
60‑month range $12.02 – $45.21 · fair‑value band $17.62 – $70.71 · the $27.13 price screens below the $32.28 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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Summit Midstream Corporation owns, develops, and operates midstream energy infrastructure assets primarily shale formations in the continental United States. It operates through Rockies, Permian, Piceance, Mid-Con, and Northeast segments.
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The company owns, develops, and operates natural gas, crude oil, produced water gathering systems, and transmission pipelines. It serves natural gas and crude oil producers. Summit Midstream Corporation was founded in 2009 and is based in Houston, Texas.
Stock analysis
Summit Midstream Corporation (SMC) currently trades at $27.13, while our model-based Fair Value estimate is $32.28, implying the stock looks roughly 16% undervalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of $37.48 per share, and 5 of the 10 models we run sit above the $27.13 price.
Bear case: the Multiples group reads lowest at $12.92, and 5 of the 10 models stay below the price. Data coverage for this calculation is low.
Scenario range: $17.62 (bear) to $70.71 (bull), the price of $27.13 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 32/100 (below-average quality), in the Energy sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Summit Midstream Corporation reported revenue of $562M in FY2025 versus $402M in FY2021, a compound +8.8%/yr. Reported net income was −$1.9M in FY2025.
Key figures
Market cap $371M Small · P/S ratio 0.73 · EPS (TTM) $−1.06 · Dividend yield 3.1% · Net margin −3.6% · Return on equity −2.9% · Return on assets (EBIT) 3.7% (5-year average) · Operating margin 16.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (medium confidence).
What moves the price
The share trades about 22% below its 52-week high and 28% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Energy peers we cover trades at −30% fair-value upside, at 19%, SMC screens cheaper than that median.
Fair Value models
Bear$17.62Fair Value $32.28Bull$70.71
Price $27.13 · Upside +19.0%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Best data coverage
FCF DCF$20.73$70.21$140.1974
Owner Earningsn/a$33.46$85.5773
Growth DCF$20.84$67.42$130.9473
All 11 models by family
DCF Models
FCF DCF$20.73$70.21$140.1974
Owner Earningsn/a$33.46$85.5773
5Y Revenue Exitn/a$6.38>$25.5269
5Y EBITDA Exitn/a$37.98$83.1972
10Y Revenue Exitn/a$20.74$52.7964
10Y EBITDA Exit$6.67$41.41$87.5161
Multiples
EV/EBITn/an/a$4.6261
EV/EBITDAn/a$12.92$35.1062
Asset-Based
NCAV (Graham)$19.37$25.95$38.7454
Growth DCF
Growth DCF$20.84$67.42$130.9473
Rev-Margin DCFn/a$7.54>$30.1669
The fair value above starts from this blend and is adjusted for dilution from new shares.
In the last 6 months, 2 officers or directors sold shares worth $476,598 and none bought.
SaleJames David JohnstonExecutive VP, GC, CCO and Secy2× since Jul 2, 2026: 5,200 shares, avg. $30.12$156,598Oct 1, 202610b5-1 plan
SaleJerry L PetersDirector10,000 shares at $32.00$320,000May 19, 2026
BuyEdward HerringDirector, 10% owner1,220,918 shares at $31.08$37.9MMar 31, 2026
Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.48/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+30.8%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+15.0%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+7.9%
Start year 2020 (pandemic)
Revenue growth 6 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+4.0%
’19
’20
’21
’22
’23
’24
’25
Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
18.1% (2020) → 15.8% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+20.8%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about +18.0% a year for the price.
News mood ⓘNews mood, the average tone of recent news (26 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Positive
Recent news coverage is more positive than average.
Compare Summit Midstream Corporation with another stock
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Oil & Gas Midstream · 81 stocks
Beats the industry median on 5/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score32 · Bottom 25%
Fair Value upside+19.0% · Top 25%
Profitability
Return on assets−0.1% · Bottom 25%
Net margin (12 months)−3.6% · Bottom 25%
Operating margin (12 months)16.5% · Below median
Growth and dividend
Revenue growth (quarter YoY)10.6% · Below median
Dividend yield (12 months)3.1% · Below median
Balance sheet
Debt / equity1.49× · Above median
Valuation Multiplesvs Oil & Gas Midstream median · lower = cheaper
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Is Summit Midstream Corporation (SMC) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of $32.28 versus a price of $27.13, about +19% upside (undervalued).
What is the fair value of SMC?
Our model-based fair value for Summit Midstream Corporation is $32.28 (as of Nov 8, 2026), built from audited fundamentals. The current price: $27.13.
What is the quality score of SMC?
Summit Midstream Corporation has a Quality Score of 32/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Summit Midstream Corporation (SMC)?
Our model-based price target is the fair value of $32.28 (as of Nov 8, 2026) from 11 valuation models. Cautious scenario $17.62, optimistic scenario $70.71. It is a calculation from audited fundamentals, not an analyst target.
What is the Summit Midstream Corporation stock forecast for 2026?
Our models put fair value at $32.28, about +19% upside versus a price of $27.13 (undervalued). Cautious scenario $17.62, optimistic scenario $70.71. The calculation is refreshed regularly with new filings.
What is the revenue of Summit Midstream Corporation (SMC)?
Summit Midstream Corporation reported trailing-twelve-month revenue of about $584M (latest available figure, as of Nov 8, 2026).
Does Summit Midstream Corporation pay a dividend?
Summit Midstream Corporation currently shows a dividend yield of 3.13% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of Summit Midstream Corporation (SMC)?
Summit Midstream Corporation has a dividend yield of 3.1%.
What growth is priced into Summit Midstream Corporation (SMC)?
For today's price to be fair in a discounted-cash-flow model, Summit Midstream Corporation would have to grow free cash flow by +20.8 % per year for five years (discount rate 10.7 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +8.0 % per year. As of Nov 8, 2026.
What discount rate (WACC) does the fair value of SMC use?
Our models discount Summit Midstream Corporation at 10.7 %: a base by market capitalisation (small), damped by beta 0.80, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Summit Midstream Corporation that is +20.8 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (10.7 %) and the same formula as our fair value.
How much growth has Summit Midstream Corporation (SMC) delivered so far?
Over the past 5 years revenue at Summit Midstream Corporation grew +8.0 % a year. The price currently implies free-cash-flow growth of +20.8 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Summit Midstream Corporation (SMC) growing?
The median revenue growth in the sector is +14.3 % a year. That is the yardstick for the growth priced into Summit Midstream Corporation (+20.8 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Summit Midstream Corporation (SMC)?
The free-cash-flow yield on the price is 11.69 %: that much free cash flow Summit Midstream Corporation produces per unit of market value. When it exceeds the discount rate of our models (10.7 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Summit Midstream Corporation (SMC)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Summit Midstream Corporation it is $32.28 per share (as of Nov 8, 2026), against a price of $27.13. It is the blended result of 11 valuation models in 4 families (DCF Models, Multiples, Asset-Based, Growth DCF).
Is Summit Midstream Corporation stock overvalued or undervalued in 2026?
As of Nov 8, 2026, SMC trades below its calculated fair value: price $27.13, fair value $32.28, a gap of about +19% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of SMC?
No. The price is what the market pays today ($27.13); the fair value is what the company's own numbers justify ($32.28). For Summit Midstream Corporation the two are $5.15 per share apart. That gap is exactly why we show both numbers side by side.
How much is Summit Midstream Corporation worth?
The market values Summit Midstream Corporation at about $371M (market capitalisation, as of Nov 8, 2026). Per share that is $27.13; our models calculate a fair value of $32.28 per share.
What do the bullish and bearish scenarios say about SMC?
Our models span a range for Summit Midstream Corporation: cautious scenario $17.62, base $32.28, optimistic $70.71 per share (as of Nov 8, 2026, price $27.13). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Summit Midstream Corporation (SMC)?
Balance-sheet figures for Summit Midstream Corporation (as of Nov 8, 2026): return on equity −2.9%, debt of 1.49 per unit of equity. They feed the Quality Score of 32/100, which measures business quality independently of the share price.
How far is SMC from its 52-week high?
Summit Midstream Corporation trades at $27.13, about 22% below its 52-week high of $34.96 and 28% above the low of $21.20 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $32.28 is for.
Which stocks are comparable to Summit Midstream Corporation?
From the same area (Energy) we also value Enbridge Inc, The Williams Companies, Inc, Enterprise Products Partners L.P., Kinder Morgan, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Summit Midstream Corporation stock attractive at the current price?
The data as of Nov 8, 2026: price $27.13, calculated fair value $32.28 (+19%), Quality Score 32/100, from 11 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of SMC calculated?
We run Summit Midstream Corporation through 11 models from 4 families: DCF Models, Multiples, Asset-Based, Growth DCF. Every model gets the same audited fundamentals; the fair value of $32.28 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. Summit Midstream Corporation currently trades 16% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Summit Midstream Corporation (SMC)?
The closing price on Nov 6, 2026 was $27.13. Our model-based fair value is $32.28, about +19% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Summit Midstream Corporation right now?
The model range is unusually wide ($17.62 to $70.71). The outcome hinges heavily on assumptions, so read the point estimate with caution. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of Summit Midstream Corporation
How large is the market capitalisation of Summit Midstream Corporation (SMC)?
The market capitalisation of Summit Midstream Corporation is $371M. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Summit Midstream Corporation (SMC)?
The price-to-sales ratio of Summit Midstream Corporation is 0.73 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Summit Midstream Corporation (SMC)?
Earnings per share at Summit Midstream Corporation are $−1.06. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Summit Midstream Corporation (SMC)?
The dividend yield of Summit Midstream Corporation is 3.1%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Summit Midstream Corporation (SMC)?
The net margin of Summit Midstream Corporation is −3.6% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Summit Midstream Corporation (SMC)?
The return on equity (ROE) of Summit Midstream Corporation is −2.9% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Summit Midstream Corporation (SMC)?
On an EBIT basis the return on assets of Summit Midstream Corporation is 3.7% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Summit Midstream Corporation (SMC)?
The operating margin of Summit Midstream Corporation is 16.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Summit Midstream Corporation (SMC)?
Revenue at Summit Midstream Corporation is growing +10.6% versus a year earlier (3y avg +15.0%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much net debt does Summit Midstream Corporation (SMC) carry?
The net debt of Summit Midstream Corporation is $1.0B (fiscal year 2025, ≈ 23.4 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Thin data
Nov 8, 2026