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SMITH-MIDLAND CORP (SMID) Stock Fundamental Analysis

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

40.58  +0.92 (+2.32%)

Fundamental Rating

4

Overall SMID gets a fundamental rating of 4 out of 10. We evaluated SMID against 12 industry peers in the Construction Materials industry. No worries on liquidiy or solvency for SMID as it has an excellent financial health rating, but there are worries on the profitability. While showing a medium growth rate, SMID is valued expensive at the moment.


Dividend Valuation Growth Profitability Health

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3

1. Profitability

1.1 Basic Checks

In the past year SMID was profitable.
In the past year SMID had a positive cash flow from operations.
SMID had positive earnings in each of the past 5 years.
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

With a Return On Assets value of 9.77%, SMID perfoms like the industry average, outperforming 50.00% of the companies in the same industry.
SMID has a Return On Equity of 16.13%. This is comparable to the rest of the industry: SMID outperforms 41.67% of its industry peers.
SMID's Return On Invested Capital of 11.45% is in line compared to the rest of the industry. SMID outperforms 58.33% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for SMID is significantly below the industry average of 19.95%.
The 3 year average ROIC (4.83%) for SMID is below the current ROIC(11.45%), indicating increased profibility in the last year.
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

SMID has a Profit Margin of 8.52%. This is in the lower half of the industry: SMID underperforms 66.67% of its industry peers.
In the last couple of years the Profit Margin of SMID has declined.
Looking at the Operating Margin, with a value of 11.22%, SMID is doing worse than 75.00% of the companies in the same industry.
SMID's Operating Margin has declined in the last couple of years.
The Gross Margin of SMID (24.55%) is worse than 75.00% of its industry peers.
In the last couple of years the Gross Margin of SMID has declined.
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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8

2. Health

2.1 Basic Checks

SMID has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
SMID has more shares outstanding than it did 1 year ago.
The number of shares outstanding for SMID has been increased compared to 5 years ago.
SMID has a better debt/assets ratio than last year.
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 7.42 indicates that SMID is not in any danger for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 7.42, SMID belongs to the top of the industry, outperforming 91.67% of the companies in the same industry.
The Debt to FCF ratio of SMID is 1.45, which is an excellent value as it means it would take SMID, only 1.45 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of SMID (1.45) is better than 91.67% 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.
SMID has a better Debt to Equity ratio (0.11) than 91.67% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.11
Debt/FCF 1.45
Altman-Z 7.42
ROIC/WACC1.17
WACC9.82%
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

A Current Ratio of 2.78 indicates that SMID has no problem at all paying its short term obligations.
Looking at the Current ratio, with a value of 2.78, SMID is in the better half of the industry, outperforming 75.00% of the companies in the same industry.
A Quick Ratio of 2.28 indicates that SMID has no problem at all paying its short term obligations.
The Quick ratio of SMID (2.28) is better than 83.33% 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 1012.66% over the past year.
The earnings per share for SMID have been decreasing by -14.56% on average. This is quite bad
The Revenue has grown by 32.40% in the past year. This is a very strong growth!
SMID shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 8.18% yearly.
EPS 1Y (TTM)1012.66%
EPS 3Y-33.46%
EPS 5Y-14.56%
EPS Q2Q%147.45%
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

With a Price/Earnings ratio of 33.26, SMID can be considered very expensive at the moment.
SMID's Price/Earnings ratio is a bit more expensive when compared to the industry. SMID is more expensive than 66.67% of the companies in the same industry.
When comparing the Price/Earnings ratio of SMID to the average of the S&P500 Index (28.51), we can say SMID is valued inline with the index average.
Industry RankSector Rank
PE 33.26
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 ratio is in line with the industry average.
The rest of the industry has a similar Price/Free Cash Flow ratio as SMID.
Industry RankSector Rank
P/FCF 58.45
EV/EBITDA 18.35
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

No dividends for SMID!.
Industry RankSector Rank
Dividend Yield N/A

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SMITH-MIDLAND CORP

NASDAQ:SMID (1/30/2025, 4:30:02 PM)

40.58

+0.92 (+2.32%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryConstruction Materials
Earnings (Last)11-08 2024-11-08
Earnings (Next)N/A N/A
Inst Owners57.11%
Inst Owner Change-0.24%
Ins Owners4.38%
Ins Owner Change-0.78%
Market Cap213.45M
Analysts0
Price TargetN/A
Short Float %5.36%
Short Ratio9.45
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 33.26
Fwd PE N/A
P/S 2.8
P/FCF 58.45
P/OCF 21.19
P/B 5.29
P/tB 5.29
EV/EBITDA 18.35
EPS(TTM)1.22
EY3.01%
EPS(NY)N/A
Fwd EYN/A
FCF(TTM)0.69
FCFY1.71%
OCF(TTM)1.92
OCFY4.72%
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 7.42
F-Score8
WACC9.82%
ROIC/WACC1.17
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)1012.66%
EPS 3Y-33.46%
EPS 5Y-14.56%
EPS Q2Q%147.45%
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%