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SMITH-MIDLAND CORP (SMID) Stock Fundamental Analysis

USA - Nasdaq - NASDAQ:SMID - US8321561032 - Common Stock

34.16 USD
+0.09 (+0.26%)
Last: 12/5/2025, 4:53:01 PM
Fundamental Rating

6

Overall SMID gets a fundamental rating of 6 out of 10. We evaluated SMID against 13 industry peers in the Construction Materials industry. SMID gets an excellent profitability rating and is at the same time showing great financial health properties. SMID is valied quite expensively at the moment, while it does show a decent growth rate. This makes SMID very considerable for quality investing!


Dividend Valuation Growth Profitability Health

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7

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 2024 0 5M -5M

1.2 Ratios

The Return On Assets of SMID (14.84%) is better than 92.31% of its industry peers.
SMID has a better Return On Equity (24.46%) than 92.31% of its industry peers.
SMID's Return On Invested Capital of 16.70% is amongst the best of the industry. SMID outperforms 92.31% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for SMID is below the industry average of 9.42%.
The last Return On Invested Capital (16.70%) for SMID is above the 3 year average (5.33%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 14.84%
ROE 24.46%
ROIC 16.7%
ROA(3y)4.69%
ROA(5y)6.8%
ROE(3y)7.71%
ROE(5y)11.65%
ROIC(3y)5.33%
ROIC(5y)6.74%
SMID Yearly ROA, ROE, ROICSMID Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15 20

1.3 Margins

The Profit Margin of SMID (13.24%) is better than 69.23% of its industry peers.
In the last couple of years the Profit Margin of SMID has grown nicely.
SMID has a Operating Margin of 17.17%. This is comparable to the rest of the industry: SMID outperforms 53.85% of its industry peers.
In the last couple of years the Operating Margin of SMID has grown nicely.
Looking at the Gross Margin, with a value of 28.27%, SMID is in line with its industry, outperforming 46.15% of the companies in the same industry.
SMID's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 17.17%
PM (TTM) 13.24%
GM 28.27%
OM growth 3Y1.15%
OM growth 5Y18.21%
PM growth 3Y-13.2%
PM growth 5Y18.54%
GM growth 3Y-3.63%
GM growth 5Y3.6%
SMID Yearly Profit, Operating, Gross MarginsSMID Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15 20 25

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7

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), SMID is creating some value.
The number of shares outstanding for SMID remains at a similar level compared to 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 2024 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 2024 20M 40M 60M

2.2 Solvency

An Altman-Z score of 6.32 indicates that SMID is not in any danger for bankruptcy at the moment.
SMID has a better Altman-Z score (6.32) than 92.31% of its industry peers.
The Debt to FCF ratio of SMID is 11.61, which is on the high side as it means it would take SMID, 11.61 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of SMID (11.61) is comparable to the rest of the industry.
A Debt/Equity ratio of 0.08 indicates that SMID is not too dependend on debt financing.
The Debt to Equity ratio of SMID (0.08) is better than 76.92% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.08
Debt/FCF 11.61
Altman-Z 6.32
ROIC/WACC1.67
WACC10.02%
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 2024 0 10M 20M 30M 40M

2.3 Liquidity

SMID has a Current Ratio of 2.88. This indicates that SMID is financially healthy and has no problem in meeting its short term obligations.
SMID's Current ratio of 2.88 is fine compared to the rest of the industry. SMID outperforms 76.92% of its industry peers.
A Quick Ratio of 2.44 indicates that SMID has no problem at all paying its short term obligations.
SMID has a better Quick ratio (2.44) than 92.31% of its industry peers.
Industry RankSector Rank
Current Ratio 2.88
Quick Ratio 2.44
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 2024 10M 20M 30M

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5

3. Growth

3.1 Past

SMID shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 161.15%, which is quite impressive.
The Earnings Per Share has been growing by 30.73% on average over the past years. This is a very strong growth
The Revenue has grown by 32.97% in the past year. This is a very strong growth!
Measured over the past years, SMID shows a quite strong growth in Revenue. The Revenue has been growing by 10.95% on average per year.
EPS 1Y (TTM)161.15%
EPS 3Y0.03%
EPS 5Y30.73%
EPS Q2Q%112.49%
Revenue 1Y (TTM)32.97%
Revenue growth 3Y15.74%
Revenue growth 5Y10.95%
Sales Q2Q%33.34%

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 2024 20M 40M 60M

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3

4. Valuation

4.1 Price/Earnings Ratio

A Price/Earnings ratio of 15.05 indicates a correct valuation of SMID.
Compared to the rest of the industry, the Price/Earnings ratio of SMID indicates a rather cheap valuation: SMID is cheaper than 84.62% of the companies listed in the same industry.
SMID's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 26.46.
Industry RankSector Rank
PE 15.05
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

Based on the Enterprise Value to EBITDA ratio, SMID is valued cheaper than 84.62% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, SMID is valued a bit more expensive than the industry average as 61.54% of the companies are valued more cheaply.
Industry RankSector Rank
P/FCF 441.58
EV/EBITDA 9.74
SMID Per share dataSMID EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15

4.3 Compensation for Growth

SMID has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.49
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 (12/5/2025, 4:53:01 PM)

34.16

+0.09 (+0.26%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryConstruction Materials
Earnings (Last)11-14 2025-11-14
Earnings (Next)05-25 2026-05-25
Inst Owners58.23%
Inst Owner Change-12.07%
Ins Owners3.78%
Ins Owner Change-1.72%
Market Cap181.05M
Revenue(TTM)91.00M
Net Income(TTM)12.04M
Analysts0
Price TargetN/A
Short Float %3.65%
Short Ratio18.08
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
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 15.05
Fwd PE N/A
P/S 1.99
P/FCF 441.58
P/OCF 32.17
P/B 3.68
P/tB 3.68
EV/EBITDA 9.74
EPS(TTM)2.27
EY6.65%
EPS(NY)N/A
Fwd EYN/A
FCF(TTM)0.08
FCFY0.23%
OCF(TTM)1.06
OCFY3.11%
SpS17.17
BVpS9.29
TBVpS9.29
PEG (NY)N/A
PEG (5Y)0.49
Graham Number21.78
Profitability
Industry RankSector Rank
ROA 14.84%
ROE 24.46%
ROCE 24.15%
ROIC 16.7%
ROICexc 18.75%
ROICexgc 18.75%
OM 17.17%
PM (TTM) 13.24%
GM 28.27%
FCFM 0.45%
ROA(3y)4.69%
ROA(5y)6.8%
ROE(3y)7.71%
ROE(5y)11.65%
ROIC(3y)5.33%
ROIC(5y)6.74%
ROICexc(3y)6.27%
ROICexc(5y)8.94%
ROICexgc(3y)6.27%
ROICexgc(5y)8.94%
ROCE(3y)7.71%
ROCE(5y)9.76%
ROICexgc growth 3Y-2.89%
ROICexgc growth 5Y20.7%
ROICexc growth 3Y-2.89%
ROICexc growth 5Y20.7%
OM growth 3Y1.15%
OM growth 5Y18.21%
PM growth 3Y-13.2%
PM growth 5Y18.54%
GM growth 3Y-3.63%
GM growth 5Y3.6%
F-Score7
Asset Turnover1.12
Health
Industry RankSector Rank
Debt/Equity 0.08
Debt/FCF 11.61
Debt/EBITDA 0.22
Cap/Depr 194.99%
Cap/Sales 5.73%
Interest Coverage 71.01
Cash Conversion 30.76%
Profit Quality 3.4%
Current Ratio 2.88
Quick Ratio 2.44
Altman-Z 6.32
F-Score7
WACC10.02%
ROIC/WACC1.67
Cap/Depr(3y)179.06%
Cap/Depr(5y)169.48%
Cap/Sales(3y)7.27%
Cap/Sales(5y)7.68%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)161.15%
EPS 3Y0.03%
EPS 5Y30.73%
EPS Q2Q%112.49%
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)32.97%
Revenue growth 3Y15.74%
Revenue growth 5Y10.95%
Sales Q2Q%33.34%
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y151.13%
EBIT growth 3Y17.07%
EBIT growth 5Y31.16%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y106.49%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y319.84%
OCF growth 3Y-17.33%
OCF growth 5Y5.59%

SMITH-MIDLAND CORP / SMID FAQ

Can you provide the ChartMill fundamental rating for SMITH-MIDLAND CORP?

ChartMill assigns a fundamental rating of 6 / 10 to SMID.


Can you provide the valuation status for SMITH-MIDLAND CORP?

ChartMill assigns a valuation rating of 3 / 10 to SMITH-MIDLAND CORP (SMID). This can be considered as Overvalued.


Can you provide the profitability details for SMITH-MIDLAND CORP?

SMITH-MIDLAND CORP (SMID) has a profitability rating of 7 / 10.


What is the valuation of SMITH-MIDLAND CORP based on its PE and PB ratios?

The Price/Earnings (PE) ratio for SMITH-MIDLAND CORP (SMID) is 15.05 and the Price/Book (PB) ratio is 3.68.