$38.37
1.75% today
NYSE, Sep 16, 07:16 pm CET
ISIN
US86614U1007
Symbol
SUM

Summit Materials Target price 2024 - Analyst rating & recommendation

Summit Materials Classifications & Recommendation:

Buy
76%
Hold
24%

Summit Materials Price Target

Target Price $48.81
Price $37.71
Potential
Number of Estimates 16
16 Analysts have issued a price target Summit Materials 2025 . The average Summit Materials target price is $48.81. This is higher than the current stock price. The highest price target is , the lowest is .
A rating was issued by 17 analysts: 13 Analysts recommend Summit Materials to buy, 4 to hold and 0 to sell.
Analysts don't have a crystal ball either, but they do represent the opinion of the market quite well. You should not take the price potential and the ratings as a recommendation to act. Rather, they serve as an additional building block for your own opinion or stock analysis.
Analyst Estimates: Analysts believe that the Summit Materials stock has an average upside potential 2025 of . Most analysts recommend the Summit Materials stock at Purchase.

Sales and Margin forecast 2024, 2025 & 2026

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Quarter Annually
Dec '23 2024
Estimates
Revenue Billion $ 2.62 4.15
8.58% 58.28%
EBITDA Margin 20.87% 23.75%
9.67% 13.80%
Net Margin 16.02% 5.77%
2.60% 63.98%

14 Analysts have issued a sales forecast Summit Materials 2024 . The average Summit Materials sales estimate is

$4.1b
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. This is
22.73% higher
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than the revenue of the last 12 months(TTM). The highest sales forecast is
$4.8b 41.82%
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, the lowest is
$3.9b 16.60%
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.

This results in the following potential growth metrics:

Revenue Estimates

2023 $2.6b 8.58%
2024
$4.1b 58.28%
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2025
$4.5b 7.44%
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2026
$4.6b 4.10%
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15 Analysts have issued an Summit Materials EBITDA forecast 2024. The average Summit Materials EBITDA estimate is

$985m
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. This is
35.77% higher
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than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is
$1.0b 38.84%
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, the lowest is
$966m 33.17%
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.

This results in the following potential growth metrics and future EBITDA Margins:

EBITDA Estimates

2023 $547m 19.07%
2024
$985m 80.13%
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2025
$1.1b 13.60%
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2026
$1.2b 7.21%
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EBITDA Margin

2023 20.87% 9.67%
2024
23.75% 13.80%
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2025
25.11% 5.73%
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2026
25.86% 2.99%
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6 Summit Materials Analysts have issued a net profit forecast 2024. The average Summit Materials net profit estimate is

$239m
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. This is
36.59% lower
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than the net profit for the last 12 months(TTM). The highest net profit forecast is
$286m 24.19%
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, the lowest is
$221m 41.40%
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.

This results in the following potential growth metrics and future Net Margins:

Net Profit Estimates

2023 $420m 5.75%
2024
$239m 42.96%
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2025
$406m 69.56%
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2026
$533m 31.20%
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Net Margin

2023 16.02% 2.60%
2024
5.77% 63.98%
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2025
9.11% 57.89%
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2026
11.48% 26.02%
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Earnings per share, P/E ratio and EV/sales Estimates 2024, 2025 & 2026

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Quarter Annually
Dec '23 2024
Estimates
Earnings Per Share $ 2.39 1.36
5.75% 43.10%
P/E 27.66
EV/Sales 2.17

6 Analysts have issued a Summit Materials forecast for earnings per share. The average Summit Materials <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS is

$1.36
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. This is
36.74% lower
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than earnings per share in the financial year 2023. The highest <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS forecast is
$1.63 24.19%
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, the lowest is
$1.26 41.40%
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.

This results in the following potential growth metrics and future valuations:

Earnings Per Share

2023 $2.39 5.75%
2024
$1.36 43.10%
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2025
$2.31 69.85%
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2026
$3.03 31.17%
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P/E ratio

Current 17.55 21.44%
2024
27.66 57.61%
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2025
16.31 41.03%
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2026
12.43 23.79%
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Based on analysts' sales estimates for 2024, the Summit Materials stock is valued at an <a href=https://blog.stocksguide.com/knowledge/enterprise-value-sales-simply-explained>EV/Sales of

and an <a href=https://blog.stocksguide.com/knowledge/price-sales-ratio-simply-explained>P/S ratio of .

This results in the following potential growth metrics and future valuations:

EV/Sales

Current 2.66 27.27%
2024
2.17 18.44%
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2025
2.02 6.93%
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2026
1.94 3.93%
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P/S ratio

Current 1.96 25.85%
2024
1.60 18.52%
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2025
1.49 6.93%
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2026
1.43 3.94%
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