Summit Midstream Partners Stock Book Value Per Share

SMLP Stock  USD 32.36  0.30  0.92%   
Summit Midstream Partners 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 ReportedProjected for Next Year
Book Value Per Share 81.60  102.58 
Tangible Book Value Per Share 64.60  99.54 
As of 06/11/2024, Book Value Per Share is likely to grow to 102.58. Also, Tangible Book Value Per Share is likely to grow to 99.54.
  
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Summit Midstream Partners Company Book Value Per Share Analysis

Summit Midstream's Book Value per Share (B/S) can be calculated by subtracting liabilities from assets, and then dividing it by the total number of currently outstanding shares. It indicates the level of safety associated with each common share after removing the effects of liabilities. In other words, a shareholder can use this ratio to see how much he or she can sell the stake in the company in the event of a liquidation.

Book Value per Share

 = 

Common Equity

Average Shares

More About Book Value Per Share | All Equity Analysis

Current Summit Midstream Book Value Per Share

    
  70.29 X  
Most of Summit Midstream's fundamental indicators, such as Book Value Per Share, 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 Partners is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Summit Book Value Per Share 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 Book Value Per Share. 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.
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Click cells to compare fundamentals
The naive approach to look at Book Value per Share is to compare it to current stock price. If Book Value per Share is higher than the currently traded stock price, the company can be considered undervalued. However, investors must be aware that conventional calculation of Book Value does not include intangible assets such as goodwill, intellectual property, trademarks or brands and may not be an appropriate measure for many firms.
Competition

Summit Common Stock Shares Outstanding

Common Stock Shares Outstanding

6.71 Million

At this time, Summit Midstream's Common Stock Shares Outstanding is relatively stable compared to the past year.
In accordance with the recently published financial statements, the book value per share of Summit Midstream Partners is about 70 times. This is 190.94% higher than that of the Oil, Gas & Consumable Fuels sector and notably higher than that of the Energy industry. The book value per share for all United States stocks is 96.36% higher than that of the company.

Summit Book Value Per Share 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 Book Value Per Share 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 book value per share 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
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Summit Fundamentals

About Summit Midstream Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Summit Midstream Partners'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 Partners 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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Additional Tools for Summit Stock Analysis

When running Summit Midstream's price analysis, check to measure Summit Midstream's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Summit Midstream is operating at the current time. Most of Summit Midstream's value examination focuses on studying past and present price action to predict the probability of Summit Midstream's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Summit Midstream's price. Additionally, you may evaluate how the addition of Summit Midstream to your portfolios can decrease your overall portfolio volatility.