Smart Sand, Inc. Financial Ratios — 1SD Stock

Profitability (USD)

	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Return on Common Equity (%)	- -	- -	14.2	12.95	10.07	13.9	14.21	-19.12	-0.29	1.91	1.23	0.56
Return on Assets (%)	- -	4.12	6.78	10.24	7.09	9.25	9.6	-12.64	-0.19	1.32	0.87	0.39
Return on Capital (%)	- -	14.32	13.81	- -	9.75	12.19	- -	- -	- -	- -	- -	- -
Return on Invested Capital (%)	- -	14.52	9.82	- -	9.68	12.27	- -	- -	- -	- -	- -	- -
Gross Margin (%)	56.09	55.97	55.14	26.9	32.65	34.78	14.81	-12.56	11.57	14.04	14.4	11.48
EBITDA Margin (%)	43.14	45.92	45.37	19.41	21.57	30.59	8.1	-29.52	9.44	9.04	10.51	7.75
Operating Margin (%)	37.8	34.77	34.43	13.63	20.55	23.92	-7.61	-34.22	-1.34	0.1	1.31	-1.52
Incremental Operating Margin (%)	- -	44.86	33.02	- -	33.15	58.71	58.76	- -	30.92	9.25	24.47	- -
Pretax Margin (%)	25.05	19.12	33.38	13.64	12.05	16.92	20.41	-47.13	-1.53	-0.76	0.08	-1.69
Profit Margin (%)	11.08	10.46	17.52	15.69	9.46	13.57	31.02	-40.01	-0.27	1.57	0.96	0.41
Net Income to Common Margin (%)	11.08	10.46	17.52	15.69	9.46	13.57	31.02	-40.01	-0.27	1.57	0.96	0.41
Effective Tax Rate (%)	55.75	45.28	47.51	- -	21.51	19.8	- -	- -	- -	- -	- -	- -
Dvd Payout Ratio (%)	0.07	0.1	0.04	- -	- -	- -	- -	- -	- -	- -	130.41	442.23
Sustainable Growth Rate (%)	- -	- -	14.2	12.95	10.07	13.9	14.21	-19.12	-0.29	1.91	-0.37	-1.9

Credit (USD)

Credit Ratios API ChatGPT

	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Debt	61	66	2	1	49	63	63	55	45	44	37	36
ST Debt	- -	2	1	1	1	19	14	16	17	26	14	13
LT Debt	61	65	1	- -	48	44	49	39	27	18	24	23
Total Debt/EBITDA	2.09	3.03	0.07	0.03	1.06	0.88	6.4	-1.48	1.84	1.63	1.14	1.41
Net Debt/EBITDA	1.99	2.78	-1.71	-1.29	1.02	0.44	1.73	0.09	0.4	0.46	0.32	-0.38
Total Debt/EBIT	2.38	4	0.09	0.05	1.76	1.45	-4.87	-0.87	-14.24	-29.09	12.39	-8.11
Net Debt/EBIT	2.27	3.67	-2.26	-1.84	1.68	0.72	-1.32	0.05	-3.09	-8.18	3.52	2.21
EBITDA to Interest Expense	3.75	2.8	3.19	59.18	20.23	19.69	4.74	-18.89	15.02	21.04	18.5	17.42
EBITDA-CapEx/Interest Expense	-0.19	-0.96	2.89	-54.51	-22.18	12.64	0.62	-24.56	7.1	2.93	14.54	9.53
EBIT to Interest Expense	3.29	2.12	2.42	41.57	19.27	15.4	-4.45	-21.9	-2.13	0.23	2.3	-3.42
Interest Expense	8	8	8	- -	2	4	2	2	2	1	2	1
Common Equity/Total Assets	-1.79	2.81	82.12	76.99	65.37	67.57	67.53	64.48	67.63	69.96	71.38	70.5
Long-Term Debt/Equity (%)	- -	1,731.91	0.6	- -	22.88	17.8	17.13	16.19	11.27	7.23	9.69	9.62
Long-Term Debt/Capital (%)	102.47	92.14	0.6	- -	18.56	14.17	14.04	13.17	9.53	6.12	8.4	8.35
Long-Term Debt/Total Assets (%)	55.5	48.72	0.5	- -	14.95	12.03	11.57	10.44	7.62	5.05	6.91	6.78
Total Debt/Equity (%)	-3,134.13	1,779.59	1.27	0.45	23.27	25.65	21.97	22.89	18.29	18.06	15.27	15.09
Total Debt/Capital (%)	103.3	94.68	1.26	0.45	18.88	20.42	18.01	18.63	15.47	15.3	13.25	13.11
Total Debt/Total Assets (%)	55.95	50.06	1.05	0.35	15.21	17.33	14.83	14.76	12.37	12.63	10.9	10.64
Net Debt to Equity	-2,988.71	1,630.73	-32.29	-18.13	22.27	12.7	5.94	-1.43	3.97	5.08	4.34	-4.11
Net Debt/Capital (%)	99.85	91.87	-47.08	-22.06	18.17	10.19	5.04	-1.28	3.42	4.4	3.79	-3.88
EBITDA	29	22	27	27	46	71	10	-37	24	27	33	26
EBITDA-CapEx	-1	-7	24	-25	-50	46	1	-49	11	4	26	14
Operating Income (Loss)	26	17	20	19	44	56	-9	-43	-3	- -	4	-5

Liquidity (USD)

Liquidity Ratios API ChatGPT

	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Cash Ratio	0.09	0.08	3.39	1.01	0.06	0.07	0.31	0.53	0.11	0.11	0.04	0.45
Current Ratio	2.49	0.34	4.74	2.12	2.03	2.3	3.01	1.52	1.31	1.14	1.75	1.76
Quick Ratio	1.08	0.2	3.81	1.72	1.15	1.66	2.2	1.03	0.84	0.6	1.12	1.09
CFO/Avg Current Liab	- -	1.07	0.86	0.65	1.72	1.38	0.66	0.76	0.11	0.58	0.37	0.95
Common Equity/Total Assets	-1.79	2.81	82.12	76.99	65.37	67.57	67.53	64.48	67.63	69.96	71.38	70.5
Long-Term Debt/Equity (%)	- -	1,731.91	0.6	- -	22.88	17.8	17.13	16.19	11.27	7.23	9.69	9.62
Long-Term Debt/Capital (%)	102.47	92.14	0.6	- -	18.56	14.17	14.04	13.17	9.53	6.12	8.4	8.35
Long-Term Debt/Total Assets (%)	55.5	48.72	0.5	- -	14.95	12.03	11.57	10.44	7.62	5.05	6.91	6.78
Total Debt/Equity (%)	-3,134.13	1,779.59	1.27	0.45	23.27	25.65	21.97	22.89	18.29	18.06	15.27	15.09
Total Debt/Capital (%)	103.3	94.68	1.26	0.45	18.88	20.42	18.01	18.63	15.47	15.3	13.25	13.11
Total Debt/Total Assets (%)	55.95	50.06	1.05	0.35	15.21	17.33	14.83	14.76	12.37	12.63	10.9	10.64
CFO/Total Liabilities	19.84	23.83	86.11	27.52	45.89	37.87	18.39	24.42	4.65	29.79	18.28	43.98
CFO/CapEx	0.72	1.05	10.6	0.31	0.53	1.75	2.96	2.89	0.43	1.35	2.55	3.8
Altman's Z-Score	- -	- -	- -	- -	1.97	2.19	1.15	0.65	1.41	1.64	1.91	2.26

Working Capital (USD)

Working Capital Ratios API ChatGPT

	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Accounts Receivable Turnover	- -	9	16.1	9.56	10.03	5.98	1.9	2.9	9.61	10.04	9.7	9.24
Days Sales Outstanding	- -	40.55	22.67	38.19	36.39	61.01	191.91	125.66	37.98	36.37	37.64	39.52
Inventory Turnover	- -	3.08	3.46	10.09	10.18	7.6	5.14	8.35	12.85	10.82	10.28	10.41
Days Inventory Outstanding	- -	118.65	105.57	36.16	35.85	48.01	71.01	43.73	28.41	33.72	35.51	35.05
Accounts Payable Turnover	- -	10.82	22.51	7.16	8.12	20.25	28.2	23.57	20.19	17.13	16.03	22.59
Accounts Payable Turnover Days	- -	33.75	16.21	50.97	44.93	18.03	12.94	15.49	18.08	21.31	22.77	16.16
Cash Conversion Cycle	- -	125.46	112.03	23.39	27.3	90.99	249.97	153.9	48.32	48.78	50.38	58.41
Inventory to Cash Days	- -	-78.1	-82.89	2.03	0.55	13	120.9	81.92	9.57	2.65	2.12	4.48
Inventories	9	5	10	10	19	21	19	15	20	27	25	31
Raw Materials	- -	- -	- -	1	3	3	4	5	6	9	12	14
Work In Process	- -	- -	13	8	11	14	10	3	6	9	7	9
Finished Goods	- -	- -	- -	1	5	4	4	7	8	8	7	8
Other Inventory	9	5	7	9	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

Enterprise Value API ChatGPT

	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Market Capitalization	- -	- -	- -	- -	84	101	72	76	76	75	86	151
- Cash & Cash Equivalents	1	4	47	35	1	3	12	26	6	6	2	23
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	61	66	2	1	49	63	63	55	45	44	37	36
Enterprise Value	- -	- -	- -	- -	132	161	123	106	115	113	121	165
Total Capital	59	70	144	191	258	309	352	296	288	286	281	276
Total Debt/Capital (%)	103.3	94.68	1.26	0.45	18.88	20.42	18.01	18.63	15.47	15.3	13.25	13.11
Total Debt / EV	- -	- -	- -	- -	0.37	0.39	0.51	0.52	0.39	0.39	0.31	0.22
EV/Sales	- -	- -	- -	- -	0.62	0.69	1.01	0.84	0.45	0.38	0.39	0.5
EV/EBITDA	- -	- -	- -	- -	2.87	2.26	12.45	- -	4.75	4.21	3.71	6.44
EV/EBIT	- -	- -	- -	- -	4.76	3.7	- -	- -	- -	- -	40.42	- -
EV/Cash Flow to Firm	- -	- -	- -	- -	2.5	3.38	- -	- -	- -	- -	- -	- -
EV/Free Cash Flow to Firm	- -	- -	- -	- -	- -	7.31	- -	- -	- -	- -	- -	- -
Diluted Market Cap	- -	- -	- -	- -	85	101	69	76	75	76	85	154
Diluted Enterprise Value	- -	- -	- -	- -	133	161	121	106	114	114	121	167
EV per Share	- -	- -	- -	- -	3.25	3.94	2.92	2.5	2.63	2.89	3.07	4.18
TTM Sales	68	48	59	137	212	233	122	127	256	296	311	330
TTM EBITDA	29	22	27	27	46	71	10	-37	24	27	33	26
TTM Operating Income	26	17	20	19	44	56	-9	-43	-3	- -	4	-5
TTM Cash Flow to Firm	26	35	31	- -	53	48	- -	- -	- -	- -	- -	- -
TTM Free Cash Flow to Firm	-5	6	29	- -	-43	22	- -	- -	- -	- -	- -	- -

Multiples (USD)

Valuation Multiples API ChatGPT

	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Price/Free Cash Flow	- -	- -	- -	- -	-1.89	5.27	4.1	3.6	-10.2	9.55	7.85	4.73
EV/EBIT	- -	- -	- -	- -	4.76	3.7	- -	- -	- -	- -	40.42	- -
Enterprise Value	- -	- -	- -	- -	132	161	123	106	115	113	121	165
Low Price	- -	- -	- -	- -	2.08	2.06	0.63	1.69	1.39	1.5	1.7	1.83
EV/Sales	- -	- -	- -	- -	0.62	0.69	1.01	0.84	0.45	0.38	0.39	0.5
EV/EBITDA	- -	- -	- -	- -	2.87	2.26	12.45	- -	4.75	4.21	3.71	6.44
Price/Earnings	- -	- -	- -	- -	4.25	3.17	1.83	- -	- -	16.31	28.47	112.74
Price/Earnings Average	- -	- -	- -	- -	6.09	3.69	1.5	- -	- -	15.96	27.37	66.56
Price/Earnings High	- -	- -	- -	- -	7.27	5.96	2.67	- -	- -	21.22	32.97	129.37
Price/Earnings Low	- -	- -	- -	- -	4.25	2.66	0.68	- -	- -	12.71	22.32	53.87
Price/Book Value	- -	- -	- -	- -	0.4	0.41	0.25	0.32	0.31	0.31	0.35	0.63
Price/Book Value Average	- -	- -	- -	- -	0.58	0.48	0.2	0.44	0.44	0.3	0.34	0.37
Price/Book Value High	- -	- -	- -	- -	0.69	0.77	0.36	0.64	0.85	0.4	0.41	0.72
Price/Book Value Low	- -	- -	- -	- -	0.4	0.34	0.09	0.3	0.25	0.24	0.28	0.3
Price/Tangible Book Value	- -	- -	- -	- -	0.44	0.43	0.26	0.33	0.32	0.32	0.36	0.64
Price/Tangible Book Value Average	- -	- -	- -	- -	0.63	0.5	0.21	0.45	0.45	0.31	0.35	0.38
Price/Tangible Book Value High	- -	- -	- -	- -	0.76	0.8	0.37	0.66	0.87	0.41	0.42	0.74
Price/Tangible Book Value Low	- -	- -	- -	- -	0.44	0.36	0.1	0.31	0.26	0.25	0.28	0.31
Price/Sales	- -	- -	- -	- -	0.4	0.43	0.57	0.6	0.29	0.26	0.27	0.46
Price/Sales Average	- -	- -	- -	- -	0.58	0.5	0.47	0.83	0.41	0.25	0.26	0.27
Price/Sales High	- -	- -	- -	- -	0.69	0.81	0.83	1.21	0.79	0.33	0.32	0.53
Price/Sales Low	- -	- -	- -	- -	0.4	0.36	0.21	0.57	0.23	0.2	0.21	0.22
Price/Cash Flow	- -	- -	- -	- -	1.68	2.25	2.71	2.35	13.76	2.45	4.77	3.44
Price/Cash Flow Average	- -	- -	- -	- -	2.4	2.62	2.23	3.24	19.41	2.39	4.58	2.03
Price/Cash Flow High	- -	- -	- -	- -	2.87	4.22	3.97	4.73	37.5	3.18	5.52	3.94
Price/Cash Flow Low	- -	- -	- -	- -	1.68	1.88	1.01	2.21	11.04	1.91	3.74	1.64
Price/Free Cash Flow Average	- -	- -	- -	- -	-2.71	6.14	3.37	4.95	-14.39	9.34	7.55	2.79
Price/Free Cash Flow High	- -	- -	- -	- -	-3.23	9.91	6	7.23	-27.8	12.42	9.09	5.42
Price/Free Cash Flow Low	- -	- -	- -	- -	-1.89	4.42	1.53	3.38	-8.18	7.44	6.15	2.26
EV/Sales Average	- -	- -	- -	- -	0.79	0.76	0.9	1.06	0.57	0.37	0.38	0.31
EV/Sales High	- -	- -	- -	- -	0.9	1.07	1.28	1.44	0.96	0.46	0.43	0.57
EV/Sales Low	- -	- -	- -	- -	0.62	0.62	0.64	0.8	0.39	0.32	0.33	0.26
EV/EBITDA Average	- -	- -	- -	- -	3.67	2.49	11.16	- -	6.04	4.15	3.61	4.02
EV/EBITDA High	- -	- -	- -	- -	4.18	3.5	15.8	- -	10.17	5.05	4.12	7.31
EV/EBITDA Low	- -	- -	- -	- -	2.87	2.03	7.92	- -	4.13	3.59	3.14	3.36
EV/EBIT Average	- -	- -	- -	- -	6.08	4.08	- -	- -	- -	- -	39.32	- -
EV/EBIT High	- -	- -	- -	- -	6.93	5.73	- -	- -	- -	- -	44.93	- -
EV/EBIT Low	- -	- -	- -	- -	4.76	3.32	- -	- -	- -	- -	34.25	- -
Last Price	- -	- -	- -	- -	2.08	2.46	1.7	1.8	1.73	1.92	2.17	3.83
High Price	- -	- -	- -	- -	3.56	4.63	2.49	3.62	4.73	2.5	2.51	4.4
Enterprise Value Average	- -	- -	- -	- -	168	177	111	135	146	111	118	103
Enterprise Value High	- -	- -	- -	- -	192	249	157	183	246	135	135	187
Enterprise Value Low	- -	- -	- -	- -	132	145	78	101	100	96	103	86

Per Share Data Items (USD)

Per-Share Data API ChatGPT

	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Shares Outstanding	32	32	39	41	41	41	42	42	44	39	40	39
Diluted Weighted Avg Shares	35	35	40	41	41	41	41	42	43	40	39	40
Basic Weighted Avg Shares	35	35	39	41	41	41	41	42	43	39	39	40
Revenue per Share	1.96	1.37	1.51	3.37	5.18	5.73	3	2.99	5.95	7.5	7.91	8.34
EBITDA per Share	0.85	0.63	0.68	0.65	1.12	1.75	0.24	-0.88	0.56	0.68	0.83	0.65
Operating Income per Share	0.74	0.48	0.52	0.46	1.07	1.37	-0.23	-1.02	-0.08	0.01	0.1	-0.13
Basic EPS, GAAP	0.22	0.14	0.26	0.53	0.49	0.78	0.93	-1.2	-0.02	0.12	0.08	0.03
Basic EPS from Cont Ops	0.22	0.14	0.26	0.53	0.49	0.78	0.93	-1.2	-0.02	0.12	0.08	0.03
Diluted EPS, GAAP	0.22	0.14	0.26	0.53	0.49	0.77	0.93	-1.2	-0.02	0.12	0.08	0.03
Diluted EPS from Cont Ops	0.22	0.14	0.26	0.53	0.49	0.77	0.93	-1.2	-0.02	0.12	0.08	0.03
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.1	0.15
Cash Flow per Share	0.64	0.88	0.68	0.38	1.24	1.1	0.63	0.77	0.13	0.78	0.45	1.11
Free Cash Flow per Basic Share	-0.25	0.04	0.61	-0.87	-1.1	0.47	0.41	0.5	-0.17	0.2	0.28	0.82
Cash & Equivalents per Share	0.03	0.12	1.18	0.85	0.04	0.06	0.28	0.6	0.13	0.16	0.04	0.57
Book Value per Share	-0.06	0.12	3.62	4.64	5.17	6.02	6.85	5.69	5.57	6.21	6.16	6.07
Tangible Book Value per Share	-0.06	0.12	3.62	4.64	4.72	5.8	6.66	5.52	5.42	6.06	6.03	5.96