Should Summit Materials Be On Your Radar? Investigate Now!

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Summit Materials ($NYSE:SUM) is a rapidly growing company in the construction and building industry, and should definitely be on your radar. Over the past several years, Summit Materials has increased their presence in the industry by acquiring numerous companies, expanding their own operations, and launching innovative products. The company’s stock has seen a tremendous rise in value over the past few years, with many analysts expecting it to continue growing in the near future. For investors looking for a good opportunity to add a promising stock to their watchlist, Summit Materials is an excellent choice. Their impressive business model and consistent growth have made them one of the leading companies in construction and building materials. They have also developed a strong presence in the concrete industry, with their concrete-based products becoming increasingly popular.

In addition, they have also developed a strong reputation for providing excellent customer service and efficient delivery. By investing in Summit Materials, investors can expect to benefit from the company’s strong financial performance and potential for further growth. This is a company that has a solid track record and a promising outlook for the future. Furthermore, investors can rest assured knowing that their investment will be backed by the company’s strong commitment to quality and customer satisfaction. With these factors in mind, it is clear that Summit Materials should be on your radar and added to your watchlist as soon as possible.

Stock Price

Monday saw Summit Materials stock open at $36.4 and close at the same price, representing a 1.2% drop from the previous close of $36.9. With this significant dip in share price, investors may be asking whether Summit Materials should be on their radar. Investigate now to determine if this stock is worth considering! This volatile stock is a risky investment, but it could be a great opportunity for those willing to take the gamble. With the stock currently at the lower end of its recent trading range, it might be a good time to explore the potential of Summit Materials as an investment opportunity. Analyzing the company’s financials in detail is necessary in order to make an informed investment decision.

Evaluate Summit Materials’ balance sheet, income statement, cash flow statement, and ratio analysis to gain further insight into its performance and future prospects. Investors should also pay close attention to industry trends and the company’s competitive environment to make sure that Summit Materials is well positioned in the market. With careful research and analysis, investors can decide if Summit Materials is a good fit for their portfolios. Now that the stock has dropped in value, this could be a great time to explore the potential of Summit Materials as a viable investment option. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Summit Materials. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Summit Materials. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Summit Materials. More…

Key Ratios Snapshot

Some of the financial key ratios for Summit Materials are shown below. More…

Analysis

GoodWhale is pleased to present an analysis of the fundamentals of SUMMIT MATERIALS. According to our Star Chart, SUMMIT MATERIALS is classified as an ‘elephant’, a type of company that is rich in assets after deductions off liabilities. This type of company is attractive for investors who are looking for a long-term investment with the potential of capital appreciation. SUMMIT MATERIALS has a high health score of 8/10, considering its cashflows and debt. This indicates that it is capable of safely riding out any crisis without the risk of bankruptcy. Additionally, SUMMIT MATERIALS is strong in terms of asset, medium in terms of growth, profitability and weak in dividend. This shows that it has the potential to be a strong long-term investment for investors who are looking to invest for capital appreciation. More…

Peers

In the construction materials industry, there is intense competition between Summit Materials Inc and its main competitors JK Lakshmi Cement Ltd, Prism Johnson Ltd, and Shree Cement Ltd. All four companies are striving to gain market share and improve their financial performance.

– JK Lakshmi Cement Ltd ($BSE:500380)

JK Lakshmi Cement Ltd is an Indian cement company. The company has a market cap of 62.76B as of 2022 and a return on equity of 18.75%. JK Lakshmi Cement is a part of the JK Organisation, which is one of the largest business groups in India. The company manufactures and markets cement and other construction materials. It has a network of over 6,000 dealers and distributors across India. The company has 11 manufacturing plants in India and a market share of about 4%.

– Prism Johnson Ltd ($BSE:500338)

Prism Johnson Ltd is one of the largest diversified business groups in India with a market cap of 61.99B as of 2022. The company has a Return on Equity of 11.43%. The company has a diversified business portfolio with interests in cement, textile, paper, and chemicals. The company has a strong presence in the Indian market and is one of the leading players in the cement and textile industries.

– Shree Cement Ltd ($BSE:500387)

Shree Cement Ltd. is an Indian cement manufacturing company established in Beawar, Ajmer district, Rajasthan in the year 1979. The company has a market cap of 755.51B as of 2022 and a Return on Equity of 7.65%. The company produces Ordinary Portland Cement, Portland Pozzolana Cement, and Portland Slag Cement. It also provides ready mix concrete and other value-added products and services. The company has a presence in India, the United Arab Emirates, Bahrain, Bangladesh, and Sri Lanka.

Summary

Summit Materials is a building materials company that provides products for infrastructure and construction projects. Investors should consider investing in Summit Materials as it offers a solid portfolio of products, a well-run management team, and a positive outlook for future growth. The company has a large and diverse customer base, demonstrated success in managing complex projects, and a strong financial position.

Furthermore, the company has a solid dividend yield and share price performance has been solid over the past year, with shares up 37%. Investors should keep an eye on Summit Materials and consider adding it to their watchlist given its strong fundamentals and potential for long-term growth.