Stock fact sheet · data as of
Smart Sand, Inc. (SND): fair value, margin of safety and Wheel Score
Energy · Oil & Gas Equipment & Services · United States · High Yield Income
Is SND undervalued?
At 5.26 (close of 16 Oct 2026), SND trades 52% below the GLS average fair value of 10.93. That average comes from 9 models run on the latest filings, and 6 of them land above the current price. Margins of safety over 30% are the exception rather than the rule across the ~7,400 stocks we value each night, so the number earns Smart Sand, Inc. the full Value points in the Wheel Score - and a closer look at what the market is pricing in.
There is a wide gap between EPV (2.97) and Payback Time (26.45). When the models are this far apart the "fair value" is really a range, and the margin of safety above should be read with that range in mind.
The nightly engine files SND under High Yield Income: a dividend yield above 4%.
Nine valuation models for SND
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 4.68 | -11% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 6.04 | +15% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 15.28 | +191% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 6.68 | +27% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 16.35 | +211% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 16.26 | +209% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 26.45 | +403% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 3.68 | -30% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 2.97 | -44% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -0.2872 | -105% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 2.25 | -57% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Smart Sand, Inc. scores 7 of 9 on the Piotroski F-score, the nine yes/no tests of profitability, leverage and efficiency on the latest annual accounts - a strong reading that passes the Sunday Scan's "6 or more" rule with room to spare. A GLS Moat score of 3.3/10 is a weak reading: the ten-year history the score grades (revenue, EPS, book value, margins, cash flow, share count, ROIC) has not been steady, so the Moat part of the Wheel Score contributes little.
Returns on capital are thin or negative - ROIC 0.5%, ROE 0.6%, ROA 0.4% - with debt at 0.15 times equity and a free-cash-flow yield of 15.5%.
The dividend yield is high at 4.75% (payout ratio 95%). A yield this size is often the market's way of pricing a risk to the payout, so the health score and cash flow matter more than usual. Revenue comes mainly from Sand 100% (quarter Q2 FY2026).
Institutional ownership scores 6/10, insider activity 1/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 7 / 9 | ROIC | 0.5% |
|---|---|---|---|
| GLS Moat | 3.3 / 10 | ROE | 0.6% |
| Debt / equity | 0.15 | ROA | 0.4% |
| Free-cash-flow yield | 15.5% | Payout ratio | 95% |
| Institutions | 6 / 10 | Insiders · Congress | 1 · 5 / 10 |
Wheel Score 59: Fair
A Wheel Score of 59 puts Smart Sand, Inc. in the Fair band - below the 70 the Sunday Scan requires. Value 25/25, Health 16/20, Moat 5/15, Premium 5/20 and Stability 9/20; the weakest part is Premium (5/20).
Implied volatility is 161%, far above the range the wheel strategy is built for. The premium looks generous; the Wheel Score gives it only 5 of 20 Premium points because moves of that size can blow through any strike. Chain open interest is 16,965 contracts across all expiries - enough for the wheel at normal size.
Volume runs at 264k shares a day on a market cap of $223M, with a beta of 0.36 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score gives that 9 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 25 / 25 | 52% margin of safety | |
| Health | 16 / 20 | Piotroski 7/9 | |
| Moat | 5 / 15 | moat 3.3/10 | |
| Premium | 5 / 20 | implied volatility 161% | |
| Stability | 9 / 20 | 264k shares/day, $223M cap, beta 0.36 |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls; it is updated nightly and is not a recommendation. The walkthrough lesson shows how the score fits into a trade, start to finish.
Upcoming events
The next earnings report is due on 11 Nov 2026 (after the close), 26 days away; a 30-45-day put sold today would expire after it, which is worth weighing against the premium.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Oil & Gas Equipment & Services
The 12 companies below are the closest to Smart Sand, Inc. by market cap within the Oil & Gas Equipment & Services industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| OMSE OMS Energy Technologies Inc. | 3.91 | 31.50 | +88% | 39No options | $166M |
| NOA North American Construction Group Ltd. | 11.46 | 21.11 | +46% | 76Good | $308M |
| RNGR Ranger Energy Services, Inc. | 14.79 | 23.32 | +37% | 64Fair | $346M |
| KLXE KLX Energy Services Holdings, Inc. | 1.32 | 8.40 | +84% | 45Weak | $139M |
| NGS Natural Gas Services Group, Inc. | 30.96 | 43.02 | +28% | 72Good | $399M |
| NINE Nine Energy Service, Inc. | 8.30 | 33.12 | +75% | 39No options | $116M |
| CLB Core Laboratories N.V. | 9.78 | 12.50 | +22% | 76Good | $449M |
| BOOM DMC Global Inc. | 5.24 | 18.69 | +72% | 45Weak | $108M |
| OIS Oil States International, Inc. | 7.94 | 11.99 | +34% | 45Weak | $479M |
| LSE Leishen Energy Holding Co., Ltd. | 4.53 | 0.6380 | -610% | 24No options | $77M |
| DWSN Dawson Geophysical Company | 2.24 | 3.40 | +34% | 39No options | $70M |
| ACDC ProFrac Holding Corp. | 4.12 | 8.03 | +49% | 45Weak | $750M |
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Start free See the Sunday ScanQuestions about SND
Is SND undervalued right now?
By the GLS models, yes: at 5.26 the stock is 52% below the average fair value of 10.93 (data as of 16 Oct 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of SND and what does it mean?
SND scores 59 out of 100 (Fair). The Wheel Score blends the margin of safety (25 points), Piotroski health (20), the GLS moat (15), the option premium on offer (20) and trading stability (20) into one number that ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned. 80 and above is Prime, 65-79 Good, 50-64 Fair, under 50 Weak.
What is the GLS fair value for SND?
10.93 per share as of 16 Oct 2026 - the simple average of the 9 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does Smart Sand, Inc. report earnings next?
The next earnings report is due on 11 Nov 2026 (after the close), 26 days from the data date of 16 Oct 2026. The Calendars page lists every upcoming report with its time of day.
Does SND have listed options, and how liquid are they?
Yes. The nightly snapshot found 40 listed contracts with 16,965 open interest across all expiries and implied volatility of 161% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.