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Smart Sand, Inc (SND) Fair Value & Analysis

Energy · US · Market cap $198M

SS Smart Sand, Inc logo Smart Sand, Inc SND · US
Price$4.74
Fair Value$0.5600
Upside-88.2%
Quality95/100
Evidence: High Range $0.4000 – $0.7200

Fair value as of: Jun 24, 2026

From 19 valuation models · updated 5 days ago

Share price +16.6% over the past month.

Price vs Fair Value (12 months)

$5.52 $1.64 Fair Value $0.5600 Jun 2025 Jun 2026

12‑month range $1.64 – $5.52 · fair‑value band $0.4000 – $0.7200 · the $4.74 price screens above the $0.5600 fair value. As of Jun 24, 2026.

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Analysis

Smart Sand, Inc (SND) currently trades at $4.74, while our model-based Fair Value estimate is $0.5600 — implying the stock looks roughly 88.2% overvalued today. We read business quality at 95/100 (high quality), in the Energy sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: high).

Over the trailing twelve months, Smart Sand, Inc generated revenue of $358M at a net margin of 6.1%. Revenue grew 42.0% year over year. It earns a return on equity of 9.6%. Net debt stands at $13.6M. Fundamentals as of Jun 24, 2026

Key figures & financial health

Revenue (TTM) $358M
Revenue growth (YoY) +42.0%
Net margin 6.1%
Return on equity 9.6%
Free cash flow $32.5M FY2025
P/E ratio 8.4
More key figures
Operating margin -5.6%
EPS (TTM) $0.5500
EPS growth (YoY) -73.5%
Net debt $13.6M FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 24, 2026. TTM = trailing twelve months.

About the company

Smart Sand, Inc., a fully integrated frac and industrial sand supply and services company, provides mine to wellsite proppant supply and logistics solutions to its frac sand customers in the United States and Canada. The company operates in two segments, Sand and SmartSystems. The Sand segment offers frac sand and industrial products solutions. The SmartSystems segment rents its patented SmartSystems equipment and offers related services, as well as provides portable wellsite storage and management solutions. The company engages in the excavation, processing, and sale of sand or proppant for use in hydraulic fracturing operations. The company markets its products and services to oil and natural gas exploration and production companies, oilfield service companies, and diversified industrial and commercial customers. Smart Sand, Inc. was incorporated in 2011 and is headquartered in Yardley, Pennsylvania.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Smart Sand, Inc reported revenue of $330M in FY2025 versus $127M in FY2021, a compound +27.1%/yr. Reported net income was $1.3M in FY2025.

Revenue +27.1%/yr
FY21 $127M
FY22 $256M
FY23 $296M
FY24 $311M
FY25 $330M
Net income
FY21 −$50.7M
FY22 −$703K
FY23 $4.6M
FY24 $3.0M
FY25 $1.3M

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Frequently asked questions

Is Smart Sand, Inc (SND) undervalued?
As of Jun 24, 2026, our model estimates a fair value of $0.5600 versus a price of $4.74 — about −88% (overvalued). Model-based estimate, not financial advice.
What is the fair value of SND?
Our 21-model fair value for Smart Sand, Inc is $0.5600 (as of Jun 24, 2026), built from audited fundamentals. The current price is $4.74.
What is the quality score of SND?
Smart Sand, Inc has a Quality Score of 95/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Smart Sand, Inc (SND)?
Smart Sand, Inc reported trailing-twelve-month revenue of about $358M (latest available figure, as of Jun 24, 2026).
What is the net profit margin of SND?
The net profit margin of Smart Sand, Inc is about 6.1%, meaning it keeps roughly 6.1% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.