Summit Midstream Partners Stock Price To Book
| SMLP Stock | USD 34.02 5.86 20.81% |
Summit Midstream Partners fundamentals help investors to digest information that contributes to Summit Midstream's financial success or failures. It also enables traders to predict the movement of Summit Stock. The fundamental analysis module provides a way to measure Summit Midstream's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Summit Midstream stock.
As of 05/04/2024, Price To Book Ratio is likely to drop to 0.21. Summit | Price To Book |
Summit Midstream Partners Company Price To Book Analysis
Summit Midstream's Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.
Current Summit Midstream Price To Book | 0.41 X |
Most of Summit Midstream's fundamental indicators, such as Price To Book, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Summit Midstream Partners is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Summit Price To Book Driver Correlations
Understanding the fundamental principles of building solid financial models for Summit Midstream is extremely important. It helps to project a fair market value of Summit Stock properly, considering its historical fundamentals such as Price To Book. Since Summit Midstream's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Summit Midstream's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Summit Midstream's interrelated accounts and indicators.
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Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.
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Summit Book Value Per Share
Book Value Per Share |
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Based on the latest financial disclosure, Summit Midstream Partners has a Price To Book of 0.4118 times. This is 89.78% lower than that of the Oil, Gas & Consumable Fuels sector and 97.64% lower than that of the Energy industry. The price to book for all United States stocks is 95.67% higher than that of the company.
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Summit Fundamentals
| Return On Equity | 0.12 | ||||
| Return On Asset | 0.0216 | ||||
| Profit Margin | 0.23 % | ||||
| Operating Margin | 0.18 % | ||||
| Current Valuation | 1.39 B | ||||
| Shares Outstanding | 10.42 M | ||||
| Shares Owned By Insiders | 13.40 % | ||||
| Shares Owned By Institutions | 44.62 % | ||||
| Number Of Shares Shorted | 42.24 K | ||||
| Price To Earning | 0.28 X | ||||
| Price To Book | 0.41 X | ||||
| Price To Sales | 0.64 X | ||||
| Revenue | 458.9 M | ||||
| Gross Profit | 209.55 M | ||||
| EBITDA | 205.79 M | ||||
| Net Income | (38.95 M) | ||||
| Cash And Equivalents | 12.37 M | ||||
| Cash Per Share | 1.22 X | ||||
| Total Debt | 1.48 B | ||||
| Debt To Equity | 1.35 % | ||||
| Current Ratio | 0.91 X | ||||
| Book Value Per Share | 71.63 X | ||||
| Cash Flow From Operations | 126.91 M | ||||
| Short Ratio | 0.39 X | ||||
| Earnings Per Share | (6.11) X | ||||
| Price To Earnings To Growth | 20.05 X | ||||
| Target Price | 22.0 | ||||
| Number Of Employees | 244 | ||||
| Beta | 2.41 | ||||
| Market Capitalization | 354.56 M | ||||
| Total Asset | 2.49 B | ||||
| Retained Earnings | (143.41 M) | ||||
| Working Capital | (35.59 M) | ||||
| Current Asset | 114.95 M | ||||
| Current Liabilities | 91.58 M | ||||
| Five Year Return | 27.22 % | ||||
| Net Asset | 2.49 B |
About Summit Midstream Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Summit Midstream Partners's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Summit Midstream using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Summit Midstream Partners based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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When running Summit Midstream's price analysis, check to measure Summit Midstream's 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 Midstream is operating at the current time. Most of Summit Midstream's value examination focuses on studying past and present price action to predict the probability of Summit Midstream's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Summit Midstream's price. Additionally, you may evaluate how the addition of Summit Midstream to your portfolios can decrease your overall portfolio volatility.
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Is Summit Midstream's 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 Midstream. 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 Midstream 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 10 | Earnings Share (6.11) | Revenue Per Share 44.858 | Quarterly Revenue Growth 0.057 | Return On Assets 0.0216 |
The market value of Summit Midstream Partners 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 Midstream's value that differs from its market value or its book value, called intrinsic value, which is Summit Midstream's 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 Midstream's market value can be influenced by many factors that don't directly affect Summit Midstream's 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 Midstream's value and its price as these two are different measures arrived at by different means. Investors typically determine if Summit Midstream is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Summit Midstream's 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.