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SMITH-MIDLAND CORP (SMID) Stock Fundamental Analysis

NASDAQ:SMID - Nasdaq - US8321561032 - Common Stock - Currency: USD

32.04  -2.09 (-6.12%)

Fundamental Rating

4

SMID gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 11 industry peers in the Construction Materials industry. SMID has a great financial health rating, but its profitability evaluates not so good. SMID is quite expensive at the moment. It does show a decent growth rate.


Dividend Valuation Growth Profitability Health

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3

1. Profitability

1.1 Basic Checks

SMID had positive earnings in the past year.
In the past year SMID had a positive cash flow from operations.
In the past 5 years SMID has always been profitable.
Of the past 5 years SMID 4 years had a positive operating cash flow.
SMID Yearly Net Income VS EBIT VS OCF VS FCFSMID Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 5M -5M

1.2 Ratios

SMID has a Return On Assets (9.77%) which is comparable to the rest of the industry.
SMID's Return On Equity of 16.13% is on the low side compared to the rest of the industry. SMID is outperformed by 63.64% of its industry peers.
SMID has a better Return On Invested Capital (11.45%) than 63.64% of its industry peers.
SMID had an Average Return On Invested Capital over the past 3 years of 4.83%. This is significantly below the industry average of 20.57%.
The last Return On Invested Capital (11.45%) for SMID is above the 3 year average (4.83%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 9.77%
ROE 16.13%
ROIC 11.45%
ROA(3y)5.65%
ROA(5y)5.47%
ROE(3y)9.53%
ROE(5y)9.85%
ROIC(3y)4.83%
ROIC(5y)5.47%
SMID Yearly ROA, ROE, ROICSMID Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 5 10 15 20

1.3 Margins

With a Profit Margin value of 8.52%, SMID is not doing good in the industry: 72.73% of the companies in the same industry are doing better.
SMID's Profit Margin has declined in the last couple of years.
SMID's Operating Margin of 11.22% is on the low side compared to the rest of the industry. SMID is outperformed by 72.73% of its industry peers.
SMID's Operating Margin has declined in the last couple of years.
SMID has a worse Gross Margin (24.55%) than 72.73% of its industry peers.
SMID's Gross Margin has declined in the last couple of years.
Industry RankSector Rank
OM 11.22%
PM (TTM) 8.52%
GM 24.55%
OM growth 3Y-39.73%
OM growth 5Y-19.41%
PM growth 3Y-39.71%
PM growth 5Y-20.5%
GM growth 3Y-10.78%
GM growth 5Y-7.27%
SMID Yearly Profit, Operating, Gross MarginsSMID Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 5 10 15 20 25

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9

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so SMID is still creating some value.
SMID has more shares outstanding than it did 1 year ago.
SMID has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, SMID has an improved debt to assets ratio.
SMID Yearly Shares OutstandingSMID Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 1M 2M 3M 4M 5M
SMID Yearly Total Debt VS Total AssetsSMID Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 20M 40M 60M

2.2 Solvency

An Altman-Z score of 6.76 indicates that SMID is not in any danger for bankruptcy at the moment.
SMID has a better Altman-Z score (6.76) than 90.91% of its industry peers.
SMID has a debt to FCF ratio of 1.45. This is a very positive value and a sign of high solvency as it would only need 1.45 years to pay back of all of its debts.
SMID has a Debt to FCF ratio of 1.45. This is amongst the best in the industry. SMID outperforms 90.91% of its industry peers.
SMID has a Debt/Equity ratio of 0.11. This is a healthy value indicating a solid balance between debt and equity.
With an excellent Debt to Equity ratio value of 0.11, SMID belongs to the best of the industry, outperforming 90.91% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.11
Debt/FCF 1.45
Altman-Z 6.76
ROIC/WACC1.3
WACC8.82%
SMID Yearly LT Debt VS Equity VS FCFSMID Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 10M 20M 30M

2.3 Liquidity

SMID has a Current Ratio of 2.78. This indicates that SMID is financially healthy and has no problem in meeting its short term obligations.
SMID has a better Current ratio (2.78) than 90.91% of its industry peers.
A Quick Ratio of 2.28 indicates that SMID has no problem at all paying its short term obligations.
SMID has a Quick ratio of 2.28. This is amongst the best in the industry. SMID outperforms 90.91% of its industry peers.
Industry RankSector Rank
Current Ratio 2.78
Quick Ratio 2.28
SMID Yearly Current Assets VS Current LiabilitesSMID Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 10M 20M 30M

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4

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 1012.73% over the past year.
The earnings per share for SMID have been decreasing by -14.57% on average. This is quite bad
Looking at the last year, SMID shows a very strong growth in Revenue. The Revenue has grown by 32.40%.
Measured over the past years, SMID shows a quite strong growth in Revenue. The Revenue has been growing by 8.18% on average per year.
EPS 1Y (TTM)1012.73%
EPS 3Y-33.47%
EPS 5Y-14.57%
EPS Q2Q%147.46%
Revenue 1Y (TTM)32.4%
Revenue growth 3Y10.75%
Revenue growth 5Y8.18%
Sales Q2Q%50.68%

3.2 Future

No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
SMID Yearly Revenue VS EstimatesSMID Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 10M 20M 30M 40M 50M
SMID Yearly EPS VS EstimatesSMID Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023

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1

4. Valuation

4.1 Price/Earnings Ratio

SMID is valuated quite expensively with a Price/Earnings ratio of 26.26.
Based on the Price/Earnings ratio, SMID is valued a bit more expensive than the industry average as 72.73% of the companies are valued more cheaply.
The average S&P500 Price/Earnings ratio is at 29.75. SMID is around the same levels.
Industry RankSector Rank
PE 26.26
Fwd PE N/A
SMID Price Earnings VS Forward Price EarningsSMID Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 0 0 0 0

4.2 Price Multiples

SMID's Enterprise Value to EBITDA is on the same level as the industry average.
SMID's Price/Free Cash Flow ratio is a bit more expensive when compared to the industry. SMID is more expensive than 72.73% of the companies in the same industry.
Industry RankSector Rank
P/FCF 46.15
EV/EBITDA 15.74
SMID Per share dataSMID EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2YN/A
EPS Next 3YN/A

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0

5. Dividend

5.1 Amount

SMID does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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SMITH-MIDLAND CORP

NASDAQ:SMID (3/3/2025, 8:00:02 PM)

32.04

-2.09 (-6.12%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryConstruction Materials
Earnings (Last)11-08 2024-11-08
Earnings (Next)05-21 2025-05-21
Inst Owners61.37%
Inst Owner Change1.68%
Ins Owners4.26%
Ins Owner Change-0.78%
Market Cap168.53M
Analysts0
Price TargetN/A
Short Float %4.95%
Short Ratio10.43
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly Dividend0
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)N/A
PT rev (3m)N/A
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)N/A
EPS NY rev (3m)N/A
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)N/A
Revenue NY rev (3m)N/A
Valuation
Industry RankSector Rank
PE 26.26
Fwd PE N/A
P/S 2.21
P/FCF 46.15
P/OCF 16.73
P/B 4.18
P/tB 4.18
EV/EBITDA 15.74
EPS(TTM)1.22
EY3.81%
EPS(NY)N/A
Fwd EYN/A
FCF(TTM)0.69
FCFY2.17%
OCF(TTM)1.92
OCFY5.98%
SpS14.52
BVpS7.67
TBVpS7.67
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 9.77%
ROE 16.13%
ROCE 15.87%
ROIC 11.45%
ROICexc 13.74%
ROICexgc 13.74%
OM 11.22%
PM (TTM) 8.52%
GM 24.55%
FCFM 4.78%
ROA(3y)5.65%
ROA(5y)5.47%
ROE(3y)9.53%
ROE(5y)9.85%
ROIC(3y)4.83%
ROIC(5y)5.47%
ROICexc(3y)7.03%
ROICexc(5y)7.41%
ROICexgc(3y)7.03%
ROICexgc(5y)7.41%
ROCE(3y)6.7%
ROCE(5y)7.59%
ROICexcg growth 3Y-38.99%
ROICexcg growth 5Y-17.49%
ROICexc growth 3Y-38.99%
ROICexc growth 5Y-17.49%
OM growth 3Y-39.73%
OM growth 5Y-19.41%
PM growth 3Y-39.71%
PM growth 5Y-20.5%
GM growth 3Y-10.78%
GM growth 5Y-7.27%
F-Score8
Asset Turnover1.15
Health
Industry RankSector Rank
Debt/Equity 0.11
Debt/FCF 1.45
Debt/EBITDA 0.41
Cap/Depr 247.51%
Cap/Sales 8.41%
Interest Coverage 35.72
Cash Conversion 90.22%
Profit Quality 56.12%
Current Ratio 2.78
Quick Ratio 2.28
Altman-Z 6.76
F-Score8
WACC8.82%
ROIC/WACC1.3
Cap/Depr(3y)168.48%
Cap/Depr(5y)173.31%
Cap/Sales(3y)8.17%
Cap/Sales(5y)8.03%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)1012.73%
EPS 3Y-33.47%
EPS 5Y-14.57%
EPS Q2Q%147.46%
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)32.4%
Revenue growth 3Y10.75%
Revenue growth 5Y8.18%
Sales Q2Q%50.68%
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y1614.4%
EBIT growth 3Y-33.26%
EBIT growth 5Y-12.82%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y137.81%
FCF growth 3Y-17.57%
FCF growth 5Y-3.42%
OCF growth 1Y672.44%
OCF growth 3Y1.07%
OCF growth 5Y-1.81%