SM (SM)

$32.94
+0.83%
$7.4B
Market Cap
13.0
P/E Ratio
0.74
Beta
2.87%
Dividend Yield
Piotroski 6/9Altman Z 2.2 Gray ZoneBeneish M -2.83 CleanROIC−WACC +0.4%

Quantitative Summary

Deterministic

Financial health is average: Piotroski 6/9, Altman Z 2.2.

Generated deterministically from quant metrics and financial statements. Not a recommendation.

Algorithmic Teardown

AI-Generated

The fundamental economics reveal a company generating robust returns through high profitability rather than operational leverage or asset intensity. A return on invested capital of 9.8% suggests the firm earns more from its deployed capital than it costs to finance, though this spread is not explicitly quantified against the WACC here. The DuPont decomposition highlights that the 13.5% ROE is primarily driven by a commanding net margin of 20.6%, supported by moderate asset turnover and financial leverage; specifically, earnings power stems from pricing strength (gross margin at 33.3%) rather than volume efficiency or balance sheet expansion. Quality metrics reinforce this stability: the Piotroski F-Score of 6/9 indicates solid fundamental health with minimal distress signals, while a Beneish M-Score of -2.83 strongly suggests low earnings manipulation risk and high integrity in reported figures.

Valuation appears significantly compressed relative to historical norms and sector peers given the current P/E ratio sits at just 5.8x. This discount contrasts sharply with the DCF-derived fair value estimate of $37, implying the market is pricing in near-zero growth expectations despite a realized revenue expansion rate of 17.5% year-over-year. The divergence between actual top-line acceleration and the low multiple suggests either a temporary sector-wide headwind or a specific concern regarding future margin sustainability that has not yet been fully priced out of the current equity value, creating a potential gap between intrinsic worth and market price.

Insider trading activity remains neutral over the last 90 days with zero net flow, offering no directional signal from management regarding near-term catalysts. While the Piotroski score hints at improving fundamentals and the low valuation suggests significant downside protection if growth persists, the absence of insider conviction combined with an unknown sector classification limits immediate clarity on relative risk premiums within a specific Fama-French framework. The data presents a scenario where high profitability meets depressed multiples, yet without explicit WACC inputs or sector beta data, the precise risk-adjusted alpha remains uncalculated in this snapshot.

Generated by LLM from quantitative data inputs. May contain inaccuracies. Not investment advice.

DCF Sandbox

Interactive
Market Price
$32.94
Fair Value
$35
Implied Upside
+7.8%
$35IMPLIED FAIR VALUEFAIRLY VALUEDOVERUNDER
Growth Rate (Y1–5)6%
-10%20%50%
Discount Rate (WACC)9.4%
5%12.5%20%

5-year two-stage DCF. Terminal growth 3%. Default sliders match the pre-computed base case. Drag to explore scenarios. Not investment advice.

Sensitivity Matrix

TG ↓ / WACC →7.4%9.4%11.4%
2%$48$31$21
3%$60$37$24
4%$79$44$28

Center = base case. Green = >10% upside, Red = >10% downside vs $32.94.

Pre-computed DCF: WACC=9.4%, terminal growth 3%. Fair value $37 (+0.0%). Not investment advice.

Price Chart with Moving Averages

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SMA 50 SMA 200

Quant Health Deep Dive

6/9
Piotroski F-Score
Average — mixed operational signals
2.2
Altman Z-Score
Grey Zone — between 1.8 and 3.0 thresholds. Thresholds: >3 safe, 1.8–3 grey, <1.8 distress.
-2.83
Beneish M-Score
Below threshold — no statistical earnings quality concern per Beneish model. Threshold: <-2.22 = below threshold.

Profitability & Value Creation

33.3%
Gross Margin
20.6%
Net Margin
9.8%
ROIC
9.4%
WACC
ROIC − WACC Spread: +0.4%— Positive spread.
+17.5%
Revenue Growth (YoY)
-15.8%
Earnings Growth (YoY)
539.0M
Free Cash Flow
17%
FCF Payout Ratio

✅ Conservative payout — room for dividend increases.

DuPont Analysis — ROE Decomposition

Breaking down Return on Equity to see how the company generates its ROE — efficiency, margins, or leverage.

20.6%
Net Profit Margin
NI ÷ Revenue
×
0.34x
Asset Turnover
Revenue ÷ Assets
×
1.92x
Equity Multiplier
Assets ÷ Equity
=
13.5%
Return on Equity
✅ ROE driven primarily by strong profit margins — a sign of pricing power.

Balance Sheet Health

0.92x
Debt / Equity
0.69x
Current Ratio
5.8x
Interest Coverage
0.9x
Net Debt / EBITDA
5.52%
FCF Yield
2.2B
EBITDA

Earnings Surprise History

Q4
✓ Beat
Est: $1.62
Act: $1.76
+8.8%
Q3
✓ Beat
Est: $1.25
Act: $1.50
+19.8%
Q2
✓ Beat
Est: $1.25
Act: $1.33
+6.8%
Q1
✓ Beat
Est: $0.83
Act: $0.83
+0.2%

EPS estimates vs actuals for the most recent reported quarters. Source: yfinance.

Dividend History

$0.2200
Latest Dividend
$1.00
2025 Total
+35.1%
YoY Growth
4 yrs
Consecutive Increases
Annual Dividends per Share
$0.10
2010
$0.10
2011
$0.10
2012
$0.10
2013
$0.10
2014
$0.10
2015
$0.10
2016
$0.10
2017
$0.10
2018
$0.10
2019
$0.02
2020
$0.02
2021
$0.16
2022
$0.60
2023
$0.74
2024
$1.00
2025
$0.22
2026
DateAmountChange
2026-03-09$0.2200+10.0%
2025-12-26$0.20000.0%
2025-10-17$0.20000.0%
2025-07-18$0.20000.0%
2025-04-17$0.20000.0%
2025-01-24$0.20000.0%
2024-10-25$0.2000+11.1%
2024-07-19$0.18000.0%
2024-04-18$0.18000.0%
2024-01-18$0.1800+20.0%
2023-10-23$0.15000.0%
2023-07-20$0.15000.0%
Stock Splits
2005-04-01: 2:12000-09-06: 2:1

Dividend and split data from SEC filings and market data. Amounts are per share, not adjusted for splits. Source: yfinance.

Underwater (Drawdown from Peak)

How far below the all-time high the price has been over time. Deeper = more pain for holders.

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Rolling 60-Day Beta vs S&P 500 (VOO)

How the stock's sensitivity to market moves changes over time. β > 1 = more volatile than the market.

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Rolling Beta Market (β = 1.0)

Fundamentals

3.8
Forward P/E
0.55
PEG Ratio
0.73
Price/Book
5M
Avg Volume
$35.88
52W High
$17.45
52W Low
84%
52W Range Position

Passive Flow Attribution

ETF Draft Effect
$781M
Tracked Passive Exposure
8
ETFs Holding SM
0.15%
Avg Weight in ETFs
$506B
Total ETF AUM

When investors buy or sell ETFs like XOP or SLYV, the fund manager is mechanically forced to buy or sell SM shares regardless of SM's individual fundamentals. We estimate $781M of passive capital is structurally linked to SM through 8 tracked ETFs. Passive flows have a limited but growing influence on SM's daily trading dynamics.

Passive exposure = Σ (ETF AUM × stock weight in ETF) across 8 tracked ETFs. Actual passive ownership is larger (includes mutual funds). Not investment advice.

ETF Contagion Visualizer

Simulate a price drop in SM to visualize passive redemption contagion across ETFs and collateral stocks.

SM Shock
-0%
Est. Passive Redemption
$0
Systemic Risk
STABLE
SMEpicenterVBETFVYMETFVXFETFMGYLow RiskCRGYHigh RiskDINOLow RiskCRCMed RiskAPAHigh Risk
SM Price Drop (%)0

If SM (SM) experiences a significant drawdown, ETF redemptions can create collateral selling pressure on co-held stocks. Our model identifies MAGNOLIA OIL + GAS CORP A (MGY) as the most exposed collateral stock, sharing 3 ETFs with SM. This is the "Passive Contagion" effect described in the Inelastic Market Hypothesis.

Contagion model based on shared ETF exposure and constituent weights across 15 tracked ETFs. Estimated selling pressure is a simplified model — actual impact depends on market liquidity, ETF redemption mechanics, and market-maker activity.

SM Ownership Dynamics

Passive funds hold 1 in every 11 SM shares, reducing daily market volatility.

Ticker
SM
Total Shares
240M
ETF Lock-Up
9.4%
Display Mode
Total Float Impact
9.4%Locked Float

SM (SM) exerts measurable gravity on the passive index market, currently representing 3.3% of the XOP (XOP) and 0.9% of the SLYV (SLYV). Across 13 tracked ETFs, approximately 22M shares (9.4% of float) are held by passive funds and rarely trade on the open market. As passive ownership grows, index inclusion changes may increasingly drive price discovery.

Float lock-up computed from 13 ETFs tracked by SecuritiesDB. Actual passive ownership is higher (includes mutual funds, pension funds, etc.).

SM Institutional Volume Profile

252-day volume distribution by price level. The Point of Control (POC) marks the price where the most institutional volume transacted — an implicit support/resistance floor.

TICKER
SM
PRICE
$32.94
FLOOR (POC)
$18.64
STRENGTH
High
$18$19POC 15%$209%$21$21$22$23$24$257%$269%$277%$28$29$30$31$32$33$32.94$34$34$35
Focus Zone
Point of Control (POC) Support (below price) Resistance (above price) Current Price

The highest-volume price zone for SM over the past year sits near $18.64 (15% of 252-day volume). The current price of $32.94 trades 76.7% above this institutional floor — a sign of upside momentum, though a pullback to the POC zone is a common reversion target. The highly concentrated volume profile (15% at POC) indicates strong consensus on fair value — institutional participants have repeatedly transacted near this price.

Volume Profile computed from 252 trading days of OHLCV data. Volume allocated to price bins proportionally based on daily high-low range. Not investment advice.

SM Capital Efficiency

How efficiently does SM convert operating profits into free cash? The FCF Conversion ratio measures the gap between accounting earnings and real cash generation.

Free Cash Flow
$539M
EBITDA
$2.2B
FCF Conversion
24%
Reinvestment Rate
76%
24% of EBITDA → Free Cash
0% (cash burn)25% (low)50% (efficient)100% (pure cash)
ROIC
9.8%
ROIC − WACC Spread
0.4%

SM converts 24% of its EBITDA into free cash flow, a moderate conversion rate — significant EBITDA is consumed by capital expenditures, working capital changes, or interest payments. The 76% reinvestment rate signals aggressive capacity expansion. The positive ROIC-WACC spread of 0.4% confirms that reinvested capital creates shareholder value.

Capital efficiency = Free Cash Flow ÷ EBITDA. Reinvestment = (EBITDA − FCF) ÷ EBITDA. Metrics from latest annual filings. Not investment advice.

Fails-to-Deliver (FTD) History

SEC-reported settlement failures. Elevated FTDs can indicate high short-selling pressure, operational settlement issues, or naked shorting activity.

DateFailed SharesClose PriceNotional Value
2026-05-144,794$31.17$149,428.98
2026-05-134,762$31.35$149,288.7
2026-05-12378$30.67$11,593.26
2026-05-11281$29.44$8,272.64
2026-05-0598$31.38$3,075.24
2026-05-0413,719$30.47$418,017.93
2026-05-014,075$31.03$126,447.25
2026-04-306,226$31.23$194,437.98
2026-04-29485$29.28$14,200.8
2026-04-2893$29.10$2,706.3
2026-04-27294$28.78$8,461.32
2026-04-243,004$29.29$87,987.16
2026-04-231,542$29.06$44,810.52
2026-04-223$28.08$84.24
2026-04-21213$26.93$5,736.09
2026-04-174,341$28.08$121,895.28
2026-04-093,975$28.81$114,519.75
2026-04-0854,740$31.35$1.7M
2026-04-074,353$30.46$132,592.38
2026-04-063,647$30.62$111,671.14
2026-04-026,471$29.50$190,894.5
2026-04-011,981$31.18$61,767.58
2026-03-31847$32.13$27,214.11
2026-03-3096,754$32.72$3.2M
2026-03-27112,752$32.68$3.7M
2026-03-262,895$31.50$91,192.5
2026-03-246,186$29.05$179,703.3
2026-03-23103,231$30.04$3.1M
2026-03-136,371$25.48$162,333.08
2026-03-096,881$25.97$178,699.57

Source: SEC Regulation SHO FTD data. Data is reported with a ~30 day delay. High FTD quantities relative to average daily volume may indicate settlement stress.

Compare SM to Peers

Quant metrics computed deterministically from financial statements and price data. Updated: 2026-06-02.

SecuritiesDB provides programmatic data aggregation for informational purposes only. None of the metrics, summaries, or algorithmic flags constitute a recommendation to buy or sell any security.