Heres What Key Metrics Tell Us About Summit Materials Q3 Earnings
SUMDelisted Stock | USD 52.49 0.10 0.19% |
About 55% of Summit Materials' investor base is interested to short. The analysis of current outlook of investing in Summit Materials suggests that many traders are impartial regarding Summit Materials' prospects. Summit Materials' investing sentiment overview a quick insight into current market opportunities from investing in Summit Materials. Many technical investors use Summit Materials stock news signals to limit their universe of possible portfolio assets and to time the market correctly.
Summit |
The headline numbers for Summit Materials give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
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Summit Materials Fundamental Analysis
We analyze Summit Materials' financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Summit Materials using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Summit Materials 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.
Debt To Equity
Debt To Equity Comparative Analysis
Summit Materials is currently under evaluation in debt to equity category among its peers. Debt to Equity is calculated by dividing the Total Debt of a company by its Equity. If the debt exceeds equity of a company, then the creditors have more stakes in a firm than the stockholders. In other words, Debt to Equity ratio provides analysts with insights about composition of both equity and debt, and its influence on the valuation of the company.
Summit Materials Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Summit Materials stock to make a market-neutral strategy. Peer analysis of Summit Materials could also be used in its relative valuation, which is a method of valuing Summit Materials by comparing valuation metrics with similar companies.
Peers
Summit Materials Related Equities
LOMA | Loma Negra | 3.30 | ||||
CPAC | Cementos Pacasmayo | 1.59 | ||||
EXP | Eagle Materials | 0.82 | ||||
MLM | Martin Marietta | 0.29 | ||||
CRH | CRH PLC | 0.94 | ||||
VMC | Vulcan Materials | 1.14 | ||||
JHX | James Hardie | 1.22 | ||||
USLM | United States | 1.89 | ||||
MCEM | Monarch Cement | 2.16 |
Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment. You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
Other Consideration for investing in Summit Stock
If you are still planning to invest in Summit Materials check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Summit Materials' history and understand the potential risks before investing.
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