Summit Materials Stock Today

SUM Stock  USD 50.74  0.18  0.35%   

Performance

19 of 100

 
Weak
 
Strong
Solid

Odds Of Distress

Less than 3

 
High
 
Low
Very Low
Summit Materials is selling at 50.74 as of the 3rd of December 2024; that is 0.35 percent decrease since the beginning of the trading day. The stock's lowest day price was 50.73. Summit Materials has a very small chance of experiencing financial distress in the next few years and had a solid performance during the last 90 days. Equity ratings for Summit Materials are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 9th of December 2023 and ending today, the 3rd of December 2024. Click here to learn more.
Business Domain
Materials
IPO Date
12th of March 2015
Category
Basic Materials
Summit Materials, Inc., through its subsidiaries, produces and sells construction materials and related downstream products for the public infrastructure, and residential and nonresidential end markets. The company was founded in 2009 and is headquartered in Denver, Colorado. The company has 175.6 M outstanding shares of which 3.19 M shares are at this time shorted by investors with about 1.64 days to cover. More on Summit Materials

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Summit Stock Highlights

ESG Sustainability
Environmental
Governance
Social
CEOThomas Hill
Thematic Ideas
Showing 3 out of 5 themes
Old NameSolium Capital Inc
Business ConcentrationConstruction Materials, Building Materials, Basic Materials, NYSE Composite, Plastics, Silver, Aluminum, Copper, Non-Metallic and Industrial Metal Mining, Materials, Construction Materials, Building Materials, Basic Materials (View all Sectors)
Average Analyst Recommendation
Financial Strength
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover0.650.5669
Fairly Up
Pretty Stable
Gross Profit Margin0.230.24
Sufficiently Down
Very volatile
Net Debt1.4 BB
Way Down
Slightly volatile
Total Current Liabilities274.9 M323 M
Fairly Down
Slightly volatile
Non Current Liabilities TotalB2.5 B
Significantly Down
Slightly volatile
Total Assets3.6 B5.1 B
Way Down
Slightly volatile
Total Current Assets1.8 B1.7 B
Sufficiently Up
Slightly volatile
Total Cash From Operating Activities245.9 M438.9 M
Way Down
Slightly volatile
Debt Levels
Summit Materials can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Summit Materials' financial leverage. It provides some insight into what part of Summit Materials' total assets is financed by creditors.
Liquidity
Summit Materials has 2.33 B in debt with debt to equity (D/E) ratio of 0.81, which is OK given its current industry classification. Summit Materials has a current ratio of 3.11, demonstrating that it is liquid and is capable to disburse its financial commitments when the payables are due. Note however, debt could still be an excellent tool for Summit to invest in growth at high rates of return.

Other Cashflows From Financing Activities

(147.6 Million)
Summit Materials (SUM) is traded on New York Stock Exchange in USA. It is located in 1801 California Street, Denver, CO, United States, 80202 and employs 5,300 people. Summit Materials is listed under Construction Materials category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a total capitalization of 8.97 B. Summit Materials runs under Construction Materials sector within Materials industry. The entity has 175.6 M outstanding shares of which 3.19 M shares are at this time shorted by investors with about 1.64 days to cover. Summit Materials has about 520.45 M in cash with 438.86 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 3.93.
Check Summit Materials Probability Of Bankruptcy
Ownership Allocation
Summit Materials shows a total of 175.6 Million outstanding shares. The majority of Summit Materials outstanding shares are owned by institutional holders. These institutional investors are usually referred to as non-private investors looking to take positions in Summit Materials to benefit from reduced commissions. Consequently, institutions are subject to a different set of regulations than regular investors in Summit Materials. Please pay attention to any change in the institutional holdings of Summit Materials as this could imply that something significant has changed or is about to change at the company. Also note that roughly five million two hundred fifteen thousand four hundred sixty-eight invesors are currently shorting Summit Materials expressing very little confidence in its future performance.
Check Summit Ownership Details

Summit Stock Institutional Holders

InstituionRecorded OnShares
Frontier Capital Management Co Inc2024-09-30
2.8 M
Geode Capital Management, Llc2024-09-30
2.8 M
Hhg Plc2024-09-30
2.8 M
State Street Corp2024-09-30
2.8 M
Millennium Management Llc2024-09-30
2.5 M
Charles Schwab Investment Management Inc2024-09-30
1.8 M
Goldman Sachs Group Inc2024-09-30
1.7 M
Ameriprise Financial Inc2024-09-30
1.6 M
American Century Companies Inc2024-09-30
1.6 M
Vanguard Group Inc2024-09-30
12.3 M
Blackrock Inc2024-06-30
10.3 M
View Summit Materials Diagnostics

Summit Materials Historical Income Statement

At this time, Summit Materials' Net Income is very stable compared to the past year. As of the 3rd of December 2024, Income Tax Expense is likely to grow to about 110.1 M, while Interest Expense is likely to drop about 99 M. View More Fundamentals

Summit Stock Against Markets

Summit Materials Corporate Directors

Susan EllerbuschIndependent DirectorProfile
Anne WadeIndependent DirectorProfile
Joseph CantieIndependent DirectorProfile
Steven WunningIndependent DirectorProfile
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 closely tied 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 Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.
Is Construction Materials space 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
(0.69)
Earnings Share
0.85
Revenue Per Share
23.53
Quarterly Revenue Growth
0.474
Return On Assets
0.0464
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.