How to buy Summit Materials stock | $20.04

Summit Materials, Inc is a building materials business based in the US. Summit Materials shares (SUM) are listed on the NYSE and all prices are listed in US Dollars. Summit Materials employs 6,000 staff and has a trailing 12-month revenue of around USD$2.3 billion.

How to buy shares in Summit Materials

1. Compare share trading platforms. If you're a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table.
2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
3. Search for Summit Materials. Find the stock by name or ticker symbol: SUM. Research its history to confirm it's a solid investment against your financial goals.
4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Summit Materials reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
5. Decide on how many to buy. At last close price of USD$20.04, weigh your budget against a diversified portfolio that can minimize risk through the market's ups and downs. You may be able to buy a fractional share of Summit Materials, depending on your broker.
6. Check in on your investment. Congratulations, you own a part of Summit Materials. Optimize your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

Summit Materials share price

Use our graph to track the performance of SUM stocks over time.

Summit Materials shares at a glance

• Key figures

Information last updated 2020-11-30.

Latest market close	USD$20.04
52-week range	USD$7.51 - USD$25.22
50-day moving average	USD$18.4821
200-day moving average	USD$16.7627
Wall St. target price	USD$21.5
PE ratio	15.7237
Dividend yield	N/A (0%)
Earnings per share (TTM)	USD$1.209

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Is it a good time to buy Summit Materials stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

Technical Analysis of Summit Materials, Inc by TradingView

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

Summit Materials price performance over time

Historical closes compared with the close of $20.04 from 2020-12-09

1 week (2021-01-08)	N/A
1 month (2020-12-15)	N/A
3 months (2020-10-15)	N/A
6 months (2020-07-15)	N/A

1 year (2020-01-15)	N/A
2 years (2019-01-15)	N/A
3 years (2018-01-15)	N/A
5 years (2016-01-15)	N/A

Is Summit Materials under- or over-valued?

Valuing Summit Materials stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Summit Materials's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Summit Materials's P/E ratio

Summit Materials's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 16x. In other words, Summit Materials shares trade at around 16x recent earnings.

That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.

Summit Materials's PEG ratio

Summit Materials's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 0.6626. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.

The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Summit Materials's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.

Summit Materials's EBITDA

Summit Materials's EBITDA (earnings before interest, taxes, depreciation and amortisation) is USD$441.4 million.

The EBITDA is a measure of a Summit Materials's overall financial performance and is widely used to measure a its profitability.

Summit Materials financials

Revenue TTM	USD$2.3 billion
Operating margin TTM	9.77%
Gross profit TTM	USD$695.8 million
Return on assets TTM	3.32%
Return on equity TTM	9.56%
Profit margin	6.24%
Book value	$13.593
Market capitalisation	USD$2.2 billion

TTM: trailing 12 months

Shorting Summit Materials shares

There are currently 8.8 million Summit Materials shares held short by investors – that's known as Summit Materials's "short interest". This figure is 2.2% up from 8.6 million last month.

There are a few different ways that this level of interest in shorting Summit Materials shares can be evaluated.

Summit Materials's "short interest ratio" (SIR)

Summit Materials's "short interest ratio" (SIR) is the quantity of Summit Materials shares currently shorted divided by the average quantity of Summit Materials shares traded daily (recently around 1.5 million). Summit Materials's SIR currently stands at 5.88. In other words for every 100,000 Summit Materials shares traded daily on the market, roughly 5880 shares are currently held short.

However Summit Materials's short interest can also be evaluated against the total number of Summit Materials shares, or, against the total number of tradable Summit Materials shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Summit Materials's short interest could be expressed as 0.08% of the outstanding shares (for every 100,000 Summit Materials shares in existence, roughly 80 shares are currently held short) or 0.0778% of the tradable shares (for every 100,000 tradable Summit Materials shares, roughly 78 shares are currently held short).

A SIR below 10% would generally be considered to indicate a fairly optimistic outlook for the share price, with fewer people currently willing to bet against Summit Materials.

Find out more about how you can short Summit Materials stock.

Summit Materials share dividends

We're not expecting Summit Materials to pay a dividend over the next 12 months.

Have Summit Materials's shares ever split?

Summit Materials's shares were split on a 1014:1000 basis on 7 December 2017. So if you had owned 1000 shares the day before before the split, the next day you'd have owned 1014 shares. This wouldn't directly have changed the overall worth of your Summit Materials shares – just the quantity. However, indirectly, the new 1.4% lower share price could have impacted the market appetite for Summit Materials shares which in turn could have impacted Summit Materials's share price.

Summit Materials share price volatility

Over the last 12 months, Summit Materials's shares have ranged in value from as little as $7.51 up to $25.22. A popular way to gauge a stock's volatility is its "beta".

Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while Summit Materials's is 1.4436. This would suggest that Summit Materials's shares are more volatile than the average for this exchange and represent, relatively-speaking, a higher risk (but potentially also market-beating returns).

Summit Materials overview

Summit Materials, Inc., through its subsidiaries, produces and sells construction materials and related downstream products for the public infrastructure, residential and nonresidential, and other markets. It operates through three segments: West, East, and Cement. The company's products include aggregates, cement, ready-mix concrete, asphalt paving mixes, and concrete products, as well as plastics components. It also provides paving and related services primarily comprising asphalt paving services to the private and public infrastructure sectors. In addition, the company operates municipal waste, construction, and demolition debris landfills; and liquid asphalt terminal. It has operations in the United States; and British Columbia, Canada. The company was founded in 2009 and is headquartered in Denver, Colorado.

Frequently asked questions

• What percentage of Summit Materials is owned by insiders or institutions?

  Currently 0.58% of Summit Materials shares are held by insiders and 105.13% by institutions.

• How many people work for Summit Materials?

  Latest data suggests 6,000 work at Summit Materials.

• When does the fiscal year end for Summit Materials?

  Summit Materials's fiscal year ends in December.

• Where is Summit Materials based?

  Summit Materials's address is: 1550 Wynkoop Street, Denver, CO, United States, 80202

• What is Summit Materials's ISIN number?

  Summit Materials's international securities identification number is: US26699Z1295

• What is Summit Materials's CUSIP number?

  Summit Materials's Committee on Uniform Securities Identification Procedures number is: 26699Z129