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Summit Midstream Corporation, a Delaware corporation (including its subsidiaries, collectively, we , our , us , SMC , or the Company ), is a value-driven company focused on developing, owning and operating midstream energy infrastructure assets that are strategically located in the core producing areas of unconventional resource basins, primarily shale formations, in the continental United Stat…
$29.27
$0.17 (-0.58%)
Live · 07:53 PM
12.88% operating margin is respectable but not wide. ROIC at 3.72%. Suggests the business covers its cost of capital, but doesn't point to a wide moat.
Revenue up 30.8% YoY with margins expanding 22.6pp.
Net debt of $1.04B represents 23.4x FCF, leverage limits flexibility.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$569M
▲ +30.8% YoY
Net Income (TTM)
-$9M
▲ +95.1% YoY
Op. Margin
13.04%
▲ +22.6pp YoY
ROIC
3.49%
▲ +5.5pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$37M
▲ +446.0% YoY
Op. Cash Flow (TTM)
$124M
▲ +116.3% YoY
Net Debt
$1.22B
Cash & Equiv.
$43M
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Summit Midstream (SMC) trades above a two-stage DCF intrinsic value of about $-47.53 per share, so at $29.27 the stock looks overvalued (262.4% above estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Summit Midstream scores 26/100 on Intrinsiqq's quality scorecard (a lower-quality business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. All figures are computed from SEC filings; read the full methodology. This is analysis, not investment advice.
Intrinsiqq's two-stage DCF estimates an intrinsic value of about $-47.53 per share for SMC, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around $-35.65. At today's $29.27, that puts the stock about 262.4% above estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
Summit Midstream scores 26 out of 100 on Intrinsiqq's quality score, a weighted blend of 7 metrics each scored 0 to 100, which makes it a lower-quality business on these measures. Recent fundamentals include a 13.0% operating margin and a 3.5% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
That depends on valuation and quality together, not either alone. SMC currently trades above its estimated intrinsic value and scores 26/100 on quality (lower-quality). A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.