Summit Materials Stock Performance

SUM Stock  USD 38.93  0.63  1.59%   
Summit Materials has a performance score of 6 on a scale of 0 to 100. The entity has a beta of 2.14, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Summit Materials will likely underperform. Summit Materials right now has a risk of 1.91%. Please validate Summit Materials value at risk, as well as the relationship between the kurtosis and price action indicator , to decide if Summit Materials will be following its existing price patterns.

Risk-Adjusted Performance

6 of 100

 
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Compared to the overall equity markets, risk-adjusted returns on investments in Summit Materials are ranked lower than 6 (%) of all global equities and portfolios over the last 90 days. In spite of very weak basic indicators, Summit Materials may actually be approaching a critical reversion point that can send shares even higher in May 2024. ...more

Actual Historical Performance (%)

One Day Return
(1.82)
Five Day Return
0.88
Year To Date Return
1.49
Ten Year Return
95.03
All Time Return
95.03
Last Split Factor
1017:1000
Last Split Date
2022-12-14
1
Summit Materials, Inc. Investors Are Less Pessimistic Than Expected
01/29/2024
2
Summits Stock Rises on Q4 Earnings Revenue Beat
02/15/2024
3
Q4 2023 Summit Materials Inc Earnings Call Transcript
02/28/2024
4
Toll Brothers Lures Investors With 10 percent Dividend Hike
03/13/2024
5
Lennar Q1 Earnings Beat, Revenues Miss, Orders Up
03/14/2024
6
Zacks Industry Outlook Highlights Vulcan Materials, Eagle Materials and Summit Materials
03/19/2024
7
Dfpg Investments LLC Increases Stake in Summit Materials, Inc. - Defense World
03/22/2024
8
Acquisition by Karli Anderson of 3074 shares of Summit Materials subject to Rule 16b-3
04/01/2024
9
Summit Materials Price Target Raised to 53.00 at Truist Financial - Defense World
04/03/2024
10
Will Summit Materials Beat Estimates Again in Its Next Earnings Report
04/09/2024
11
Acquisition by Kilgore Jason of 2786 shares of Summit Materials subject to Rule 16b-3
04/10/2024
12
Arizona State Retirement System Trims Stake in Summit Materials, Inc. - Defense World
04/15/2024
13
Summit Materials Announces First Quarter 2024 Results Conference Call Date - Yahoo Finance
04/18/2024
14
Is Summit Materials, Inc. Trading At A 48 percent Discount
04/22/2024
Begin Period Cash Flow520.5 M
  

Summit Materials Relative Risk vs. Return Landscape

If you would invest  3,588  in Summit Materials on January 25, 2024 and sell it today you would earn a total of  305.00  from holding Summit Materials or generate 8.5% return on investment over 90 days. Summit Materials is generating 0.1474% of daily returns assuming volatility of 1.9094% on return distribution over 90 days investment horizon. In other words, 16% of stocks are less volatile than Summit, and above 98% of all equities are expected to generate higher returns over the next 90 days.
  Expected Return   
       Risk  
Considering the 90-day investment horizon Summit Materials is expected to generate 3.02 times more return on investment than the market. However, the company is 3.02 times more volatile than its market benchmark. It trades about 0.08 of its potential returns per unit of risk. The NYSE Composite is currently generating roughly 0.13 per unit of risk.

Summit Materials Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Summit Materials' investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Summit Materials, and traders can use it to determine the average amount a Summit Materials' price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.

Sharpe Ratio = 0.0772

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Estimated Market Risk

 1.91
  actual daily
16
84% of assets are more volatile

Expected Return

 0.15
  actual daily
2
98% of assets have higher returns

Risk-Adjusted Return

 0.08
  actual daily
6
94% of assets perform better
Based on monthly moving average Summit Materials is performing at about 6% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Summit Materials by adding it to a well-diversified portfolio.

Summit Materials Fundamentals Growth

Summit Stock prices reflect investors' perceptions of the future prospects and financial health of Summit Materials, and Summit Materials fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Summit Stock performance.

About Summit Materials Performance

To evaluate Summit Materials Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Summit Materials generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Summit Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Summit Materials market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Summit's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Days Of Inventory On Hand 50.59  52.43 
Return On Tangible Assets 0.08  0.08 
Return On Capital Employed 0.06  0.04 
Return On Assets 0.06  0.06 
Return On Equity 0.12  0.13 

Things to note about Summit Materials performance evaluation

Checking the ongoing alerts about Summit Materials for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Summit Materials help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
About 70.0% of the company shares are owned by institutional investors
Latest headline from finance.yahoo.com: Is Summit Materials, Inc. Trading At A 48 percent Discount
Evaluating Summit Materials' performance can involve analyzing a variety of financial metrics and factors. Some of the key considerations to evaluate Summit Materials' stock performance include:
  • Analyzing Summit Materials' financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
  • Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Summit Materials' stock is overvalued or undervalued compared to its peers.
  • Examining Summit Materials' industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
  • Evaluating Summit Materials' management team can have a significant impact on its success or failure. Reviewing the track record and experience of Summit Materials' management team can help you assess the Company's leadership.
  • Pay attention to analyst opinions and ratings of Summit Materials' stock. These opinions can provide insight into Summit Materials' potential for growth and whether the stock is currently undervalued or overvalued.
It's essential to remember that evaluating Summit Materials' stock performance is not an exact science, and many factors can impact Summit Materials' stock market price. Therefore, it's also important to diversify your portfolio and not rely solely on one company or stock for your investments.
When determining whether Summit Materials is a strong investment it is important to analyze Summit Materials' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Summit Materials' future performance. For an informed investment choice regarding Summit Stock, refer to the following important reports:
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Summit Materials. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in employment.
To learn how to invest in Summit Stock, please use our How to Invest in Summit Materials guide.
You can also try the Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.

Complementary Tools for Summit Stock analysis

When running Summit Materials' price analysis, check to measure Summit Materials' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Summit Materials is operating at the current time. Most of Summit Materials' value examination focuses on studying past and present price action to predict the probability of Summit Materials' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Summit Materials' price. Additionally, you may evaluate how the addition of Summit Materials to your portfolios can decrease your overall portfolio volatility.
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Is Summit Materials' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Summit Materials. If investors know Summit will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Summit Materials listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.90)
Earnings Share
2.39
Revenue Per Share
22.004
Quarterly Revenue Growth
0.195
Return On Assets
0.0438
The market value of Summit Materials is measured differently than its book value, which is the value of Summit that is recorded on the company's balance sheet. Investors also form their own opinion of Summit Materials' value that differs from its market value or its book value, called intrinsic value, which is Summit Materials' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Summit Materials' market value can be influenced by many factors that don't directly affect Summit Materials' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Summit Materials' value and its price as these two are different measures arrived at by different means. Investors typically determine if Summit Materials is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Summit Materials' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.