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Is SMART SAND INC (SND) a Great Value Stock Right Now?

Zacks Equity Research

The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.

Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.

On top of the Zacks Rank, investors can also look at our innovative Style Scores system to find stocks with specific traits. For example, value investors will want to focus on the "Value" category. Stocks with high Zacks Ranks and "A" grades for Value will be some of the highest-quality value stocks on the market today.

One company to watch right now is SMART SAND INC (SND). SND is currently holding a Zacks Rank of #1 (Strong Buy) and a Value grade of A.

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We should also highlight that SND has a P/B ratio of 0.47. Investors use the P/B ratio to look at a stock's market value versus its book value, which is defined as total assets minus total liabilities. This stock's P/B looks solid versus its industry's average P/B of 1.11. Over the past year, SND's P/B has been as high as 0.93 and as low as 0.36, with a median of 0.56.

Value investors also use the P/S ratio. The P/S ratio is is calculated as price divided by sales. This is a prefered metric because revenue can't really be manipulated, so sales are often a truer performance indicator. SND has a P/S ratio of 0.45. This compares to its industry's average P/S of 0.46.

Value investors will likely look at more than just these metrics, but the above data helps show that SMART SAND INC is likely undervalued currently. And when considering the strength of its earnings outlook, SND sticks out at as one of the market's strongest value stocks.


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Zacks Investment Research