Summit Materials Inc
Summit Materials, Inc. operates as a vertically integrated construction materials company in the United States and Canada. It operates in three segments: West, East, and Cement. The company offers aggregates, cement, ready-mix concrete, asphalt paving mixes, and concrete products, as well as plastics components. It also provides asphalt paving and related services. In addition, the company operat… Read more
Summit Materials Inc (SUM) - Net Assets
Latest net assets as of September 2024: $4.45 Billion USD
Based on the latest financial reports, Summit Materials Inc (SUM) has net assets worth $4.45 Billion USD as of September 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($8.43 Billion) and total liabilities ($3.98 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $4.45 Billion |
| % of Total Assets | 52.77% |
| Annual Growth Rate | 17.71% |
| 5-Year Change | 60.34% |
| 10-Year Change | 707.22% |
| Growth Volatility | 48.15 |
Summit Materials Inc - Net Assets Trend (2012–2023)
This chart illustrates how Summit Materials Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Summit Materials Inc (2012–2023)
The table below shows the annual net assets of Summit Materials Inc from 2012 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $2.32 Billion | +15.14% |
| 2022-12-31 | $2.01 Billion | +10.35% |
| 2021-12-31 | $1.82 Billion | +12.80% |
| 2020-12-31 | $1.62 Billion | +11.87% |
| 2019-12-31 | $1.44 Billion | +7.65% |
| 2018-12-31 | $1.34 Billion | +5.54% |
| 2017-12-31 | $1.27 Billion | +47.87% |
| 2016-12-31 | $860.04 Million | +12.00% |
| 2015-12-31 | $767.86 Million | +167.56% |
| 2014-12-31 | $286.98 Million | +0.06% |
| 2013-12-31 | $286.82 Million | -25.64% |
| 2012-12-31 | $385.69 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Summit Materials Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 97083600000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $876.75 Million | 37.85% |
| Common Stock | $1.20 Million | 0.05% |
| Other Comprehensive Income | $7.28 Million | 0.31% |
| Other Components | $1.43 Billion | 61.79% |
| Total Equity | $2.32 Billion | 100.00% |
Summit Materials Inc Competitors by Market Cap
The table below lists competitors of Summit Materials Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
ViaSat Inc
NASDAQ:VSAT
|
$6.29 Billion |
|
Aker BP ASA
PINK:AKRBF
|
$6.29 Billion |
|
BYD CO.LTD SDR/0,10 O.N.
F:4BY1
|
$6.30 Billion |
|
Merus BV
NASDAQ:MRUS
|
$6.30 Billion |
|
APA Group
PINK:APAJF
|
$6.28 Billion |
|
Repligen Corporation
NASDAQ:RGEN
|
$6.28 Billion |
|
MILLICOM INTL CELL. DL15
F:M4M1
|
$6.28 Billion |
|
Fannie Mae
LSE:0IL0
|
$6.28 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Summit Materials Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 1,999,286,000 to 2,316,580,000, a change of 317,294,000 (15.9%).
- Net income of 285,856,000 contributed positively to equity growth.
- Dividend payments of 469,000 reduced retained earnings.
- Share repurchases of 469,000 reduced equity.
- Other comprehensive income increased equity by 4,191,000.
- Other factors increased equity by 28,185,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $285.86 Million | +12.34% |
| Dividends Paid | $469.00K | -0.02% |
| Share Repurchases | $469.00K | -0.02% |
| Other Comprehensive Income | $4.19 Million | +0.18% |
| Other Changes | $28.18 Million | +1.22% |
| Total Change | $- | 15.87% |
Book Value vs Market Value Analysis
This analysis compares Summit Materials Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.71x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 3.37x to 2.71x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | $15.57 | $52.49 | x |
| 2013-12-31 | $11.56 | $52.49 | x |
| 2014-12-31 | $11.77 | $52.49 | x |
| 2015-12-31 | $6.79 | $52.49 | x |
| 2016-12-31 | $11.69 | $52.49 | x |
| 2017-12-31 | $11.30 | $52.49 | x |
| 2018-12-31 | $11.62 | $52.49 | x |
| 2019-12-31 | $12.46 | $52.49 | x |
| 2020-12-31 | $13.71 | $52.49 | x |
| 2021-12-31 | $15.02 | $52.49 | x |
| 2022-12-31 | $16.57 | $52.49 | x |
| 2023-12-31 | $19.34 | $52.49 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Summit Materials Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 12.34%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.91%
- • Asset Turnover: 0.51x
- • Equity Multiplier: 2.22x
- Recent ROE (12.34%) is above the historical average (1.17%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | -13.65% | -5.67% | 0.72x | 3.34x | $-90.96 Million |
| 2013 | -37.39% | -11.66% | 0.73x | 4.38x | $-135.35 Million |
| 2014 | -3.07% | -0.73% | 0.70x | 6.05x | $-37.35 Million |
| 2015 | 4.41% | 1.94% | 0.60x | 3.81x | $-35.11 Million |
| 2016 | 4.37% | 2.26% | 0.58x | 3.30x | $-47.42 Million |
| 2017 | 9.68% | 6.30% | 0.51x | 3.01x | $-4.02 Million |
| 2018 | 2.55% | 1.61% | 0.54x | 2.91x | $-98.87 Million |
| 2019 | 4.14% | 2.66% | 0.55x | 2.85x | $-83.67 Million |
| 2020 | 8.63% | 5.92% | 0.54x | 2.70x | $-21.81 Million |
| 2021 | 8.39% | 6.32% | 0.57x | 2.34x | $-29.17 Million |
| 2022 | 13.61% | 11.28% | 0.57x | 2.13x | $72.22 Million |
| 2023 | 12.34% | 10.91% | 0.51x | 2.22x | $54.20 Million |
Industry Comparison
This section compares Summit Materials Inc's net assets metrics with peer companies in the Building Materials industry.
Industry Context
- Industry: Building Materials
- Average net assets among peers: $78,983,864,921
- Average return on equity (ROE) among peers: -918.44%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Summit Materials Inc (SUM) | $4.45 Billion | -13.65% | 0.90x | $6.29 Billion |
| Anhui Conch Cement Co Ltd (AHCHY) | $6.85 Billion | 5.94% | 1.81x | $19.28 Billion |
| Amrize Ltd (AMRZ) | $8.21 Billion | 13.50% | 1.52x | $27.46 Billion |
| Basanite Inc (BASA) | $181.76K | -9065.80% | 27.67x | $7.57 Million |
| PT Berkah Beton Sadaya Tbk (BHBSY) | $771.79 Billion | 15.93% | 0.06x | $360.00 Million |
| BRDNF (BRDNF) | $1.11 Billion | 9.50% | 0.69x | $1.54 Billion |
| Brickworks Limited (BRKWF) | $1.84 Billion | 4.25% | 0.37x | $1.23 Billion |
| Capstone Holding Corp. Common Stock (CAPS) | $-879.00K | 0.00% | 0.00x | $3.74 Million |
| Capstone Therapeutics Corp (CAPS) | $3.10 Million | -134.29% | 0.09x | $80.00K |
| Captivision Inc. (CAPT) | $-12.26 Million | 0.00% | 0.00x | $11.82 Million |
| China GengSheng Minerals Inc (CHGS) | $40.48 Million | -33.45% | 3.01x | $0.97 |