Summit Materials Stock Performance
SUM Stock | USD 38.93 0.63 1.59% |
Summit Materials has a performance score of 4 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 market facilitation index , to decide if Summit Materials will be following its existing price patterns.
Risk-Adjusted Performance
4 of 100
Weak | Strong |
Insignificant
Compared to the overall equity markets, risk-adjusted returns on investments in Summit Materials are ranked lower than 4 (%) of all global equities and portfolios over the last 90 days. In spite of very unfluctuating 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 1.52 | Five Day Return 2.65 | Year To Date Return 3.27 | Ten Year Return 98.45 | All Time Return 98.45 |
Last Split Factor 1017:1000 | Last Split Date 2022-12-14 |
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2 | Heres What Key Metrics Tell Us About Summit Materials Q4 Earnings | 02/15/2024 |
3 | Disposition of 977 shares by Kekin Ghelani of Summit Materials at 42.71 subject to Rule 16b-3 | 02/29/2024 |
4 | Summit Materials jumps after maintaining full-year EBITDA guidance | 03/13/2024 |
5 | U.S. Housing Starts Permits Surge in February 5 Top Picks | 03/20/2024 |
6 | Summit Materials, Inc. Shares Acquired by Public Employees Retirement System of Ohio - Defense World | 03/25/2024 |
7 | Acquisition by Karli Anderson of 3074 shares of Summit Materials subject to Rule 16b-3 | 04/01/2024 |
8 | Acquisition by Kilgore Jason of 2786 shares of Summit Materials subject to Rule 16b-3 | 04/10/2024 |
9 | Rise and Shine Everything you need to know before the ASX opens | 04/16/2024 |
10 | Summit Materials, Inc. Shares Sold by Nisa Investment Advisors LLC - Defense World | 04/19/2024 |
11 | Will Summit Materials Report Negative Earnings Next Week What You Should Know | 04/24/2024 |
Begin Period Cash Flow | 520.5 M |
Summit |
Summit Materials Relative Risk vs. Return Landscape
If you would invest 3,650 in Summit Materials on January 26, 2024 and sell it today you would earn a total of 243.00 from holding Summit Materials or generate 6.66% return on investment over 90 days. Summit Materials is generating 0.122% of daily returns assuming volatility of 1.9142% 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 |
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 = 0.0637
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Cash | Small Risk | SUM | High Risk | Huge Risk |
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Estimated Market Risk
1.91 actual daily | 16 84% of assets are more volatile |
Expected Return
0.12 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
0.06 actual daily | 4 96% of assets perform better |
Based on monthly moving average Summit Materials is performing at about 4% 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.
Return On Equity | 0.13 | ||||
Return On Asset | 0.0438 | ||||
Profit Margin | 0.11 % | ||||
Operating Margin | 0.11 % | ||||
Current Valuation | 8.77 B | ||||
Shares Outstanding | 175.45 M | ||||
Price To Earning | 25.03 X | ||||
Price To Book | 3.12 X | ||||
Price To Sales | 2.75 X | ||||
Revenue | 2.62 B | ||||
Gross Profit | 649.35 M | ||||
EBITDA | 546.7 M | ||||
Net Income | 285.86 M | ||||
Cash And Equivalents | 520.45 M | ||||
Cash Per Share | 3.93 X | ||||
Total Debt | 2.33 B | ||||
Debt To Equity | 0.81 % | ||||
Current Ratio | 3.17 X | ||||
Book Value Per Share | 19.30 X | ||||
Cash Flow From Operations | 438.86 M | ||||
Earnings Per Share | 2.39 X | ||||
Market Capitalization | 6.68 B | ||||
Total Asset | 5.15 B | ||||
Retained Earnings | 876.75 M | ||||
Working Capital | 1.41 B | ||||
Current Asset | 472.53 M | ||||
Current Liabilities | 214.5 M | ||||
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 Reported | Projected 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 zacks.com: Will Summit Materials Report Negative Earnings Next Week What You Should Know |
- 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.
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 Bonds Directory module to find actively traded corporate debentures issued by US companies.
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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.