Summit Midstream Stock Net Income
| SMC Stock | 37.79 0.33 0.88% |
Summit Midstream fundamentals help investors to digest information that contributes to Summit Midstream's financial success or failures. It also enables traders to predict the movement of Summit Stock. The fundamental analysis module provides a way to measure Summit Midstream's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Summit Midstream stock.
| Last Reported | Projected for Next Year | ||
| Net Loss | -38.9 M | -40.9 M | |
| Net Loss | -38.9 M | -37 M | |
| Net Loss | (3.77) | (3.58) | |
| Net Income Per E B T | 0.54 | 0.83 |
Summit | Net Income |
Summit Midstream Company Net Income Analysis
Summit Midstream's Net income is the profit of a company for the reporting period, which is derived after taking revenues and gains and subtracting all expenses and losses. Net income is one of the most-watched numbers by money managers as well as individual investors.
Current Summit Midstream Net Income | (38.95 M) |
Most of Summit Midstream's fundamental indicators, such as Net Income, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Summit Midstream is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Summit Net Income Driver Correlations
Understanding the fundamental principles of building solid financial models for Summit Midstream is extremely important. It helps to project a fair market value of Summit Stock properly, considering its historical fundamentals such as Net Income. Since Summit Midstream's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Summit Midstream's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Summit Midstream's interrelated accounts and indicators.
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
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Summit Operating Income
Operating Income |
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Based on the recorded statements, Summit Midstream reported net income of (38.95 Million). This is 101.71% lower than that of the Oil, Gas & Consumable Fuels sector and 105.78% lower than that of the Energy industry. The net income for all United States stocks is 106.82% higher than that of the company.
Summit Net Income Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Summit Midstream's direct or indirect competition against its Net Income to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Summit Midstream could also be used in its relative valuation, which is a method of valuing Summit Midstream by comparing valuation metrics of similar companies.Summit Midstream is currently under evaluation in net income category among its peers.
Summit Midstream ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Summit Midstream's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Summit Midstream's managers, analysts, and investors.Environmental | Governance | Social |
Summit Fundamentals
| Return On Equity | 0.11 | |||
| Return On Asset | 0.0226 | |||
| Profit Margin | 0.21 % | |||
| Operating Margin | 0.10 % | |||
| Current Valuation | 1.14 B | |||
| Shares Outstanding | 10.65 M | |||
| Shares Owned By Insiders | 13.33 % | |||
| Shares Owned By Institutions | 33.71 % | |||
| Number Of Shares Shorted | 56.05 K | |||
| Price To Book | 0.45 X | |||
| Price To Sales | 0.78 X | |||
| Revenue | 458.9 M | |||
| EBITDA | 193.32 M | |||
| Net Income | (38.95 M) | |||
| Total Debt | 1.47 B | |||
| Book Value Per Share | 67.58 X | |||
| Cash Flow From Operations | 126.91 M | |||
| Short Ratio | 1.56 X | |||
| Earnings Per Share | 6.19 X | |||
| Number Of Employees | 244 | |||
| Beta | 2.38 | |||
| Market Capitalization | 368.34 M | |||
| Total Asset | 2.49 B | |||
| Working Capital | (35.59 M) | |||
| Net Asset | 2.49 B |
About Summit Midstream Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Summit Midstream's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Summit Midstream using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Summit Midstream based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Summit Midstream offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Summit Midstream's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Summit Midstream Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Summit Midstream Stock:Check out Summit Midstream Piotroski F Score and Summit Midstream Altman Z Score analysis. For information on how to trade Summit Stock refer to our How to Trade Summit Stock guide.You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.
Is Oil & Gas Storage & Transportation 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 Midstream. 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 Midstream listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share 6.19 | Revenue Per Share 44.885 | Quarterly Revenue Growth 0.035 | Return On Assets 0.0226 | Return On Equity 0.1084 |
The market value of Summit Midstream 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 Midstream's value that differs from its market value or its book value, called intrinsic value, which is Summit Midstream's 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 Midstream's market value can be influenced by many factors that don't directly affect Summit Midstream's 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 Midstream's value and its price as these two are different measures arrived at by different means. Investors typically determine if Summit Midstream is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Summit Midstream's 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.