How to buy Summit Materials stock | $31.19

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 0.00.

Summit Materials stock price (NYSE: SUM)

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

Summit Materials shares at a glance

• Key figures

Information last updated 2021-09-25.

Latest market close	$31.19
52-week range	$15.94 - $37.13
50-day moving average	$32.99
200-day moving average	$32.13
Wall St. target price	$39.06
PE ratio	22.8164
Dividend yield	N/A (0%)
Earnings per share (TTM)	$1.37

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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.

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 $31.19 from 2021-09-24

1 week (2021-09-17)	1.53%
1 month (2021-08-26)	-7.64%
3 months (2021-06-25)	-12.36%
6 months (2021-03-26)	8.37%

1 year (2020-09-25)	93.01%
2 years (2019-09-26)	41.39%
3 years (2018-09-26)	68.14%
5 years (2016-09-26)	64.15%

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 23x. In other words, Summit Materials shares trade at around 23x 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 1.256. 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 $469.5 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	$2.4 billion
Operating margin TTM	9.65%
Gross profit TTM	$748.5 million
Return on assets TTM	3.42%
Return on equity TTM	10.36%
Profit margin	6.73%
Book value	$14.28
Market capitalisation	$3.7 billion

TTM: trailing 12 months

Shorting Summit Materials shares

There are currently 6.1 million Summit Materials shares held short by investors – that's known as Summit Materials's "short interest". This figure is 4.5% down from 6.4 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 637468.36628512). Summit Materials's SIR currently stands at 9.61. In other words for every 100,000 Summit Materials shares traded daily on the market, roughly 9610 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 0.05% of the outstanding shares (for every 100,000 Summit Materials shares in existence, roughly 50 shares are currently held short) or 0.0521% of the tradable shares (for every 100,000 tradable Summit Materials shares, roughly 52 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 6 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 $15.94 up to $37.125. 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 1.2849. 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 end 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. Summit Materials, Inc.

Frequently asked questions

What percentage of Summit Materials is owned by insiders or institutions?
Currently 0.41% of Summit Materials shares are held by insiders and 104.137% 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: US86614U1007 What is Summit Materials's CUSIP number?
Summit Materials's Committee on Uniform Securities Identification Procedures number is: 26699Z129