SMC (SMC): one to watch?

Watch, not buy yet — turnaround is real (debt refinanced, dividends resumed, buyback started) but still cash-flow-thin and heavily indebted small-cap pipeline stock.

👀 WATCH Fundamentals35/100

Down 96% from its all-time high of $829.20 — now $29.44

$45.9$12.3 peak $45 20222023202420252026

Why SMC dropped

No single crash event caused today's -5.1% drop; this is a small, thinly-traded midstream stock that swings a lot day to day. The bigger story: SMC spent the last year fixing its balance sheet — it closed a $440 million term loan facility to refinance Double E debt and preferred equity, with year-end net debt of $930 million and leverage at 3.9x, then in Q1 2026 completed a $42 million common equity private placement, refinanced Permian debt with a $440 million term facility, repaid accrued Series A preferred dividends, and kept the common dividend suspended. It also just announced its inaugural $35 million stock repurchase program, calling it a sign of "confidence in Summit's financial strength."

Fwd P/E 24.5Op margin 12.2%Rev growth 4.9%Debt/equity 138.4%Analyst upside 66.4%
How this scored 35/100 ❌ fails 1 hard check
❌ Fails 1 hard check — these are pass/fail and override the score entirely.
✅ Makes money Loss-making today, but operations are profitable (12.2%) and analysts expect positive earnings next year
❌ Generates cash burns cash (free cash flow $-3M)
✅ Not drowning in debt Debt/equity 138.4% (limit 200%)
✅ Can pay its bills Current ratio 1.2 (needs 1+)

Bar length shows how much each metric is worth — a 10-point metric is twice as wide as a 5-point one. Hover any row for what it means.

Profitability Does it actually make money? 4/25
Operating margin 12.2% 4/9
Net profit margin -4.0% 0/8
Return on equity -3.5% 0/8
Growth Is it getting bigger, or dying? 13/25
Revenue growth 4.9% 3/9
Earnings growth unknown 2/8
Expected profit change 163.8% 8/8
Value Is it cheap right now? 14/25
Forward P/E 24.5 5/10
PEG ratio unknown 2/8
Analyst target upside 66.4% 7/7
Balance sheet Will it survive? 4/25
Debt / equity 138.4% 3/10
Current ratio 1.2 1/8
Free cash flow $-3M 0/7

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Analysis generated by SmartStonks's AI from public fundamentals and news, first flagged 2026-07-20. Research only — not financial advice.