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SMITH-MIDLAND CORP (SMID) Stock Fundamental Analysis

USA - NASDAQ:SMID - US8321561032 - Common Stock

35.9 USD
-0.19 (-0.53%)
Last: 9/26/2025, 8:00:02 PM
Fundamental Rating

6

SMID gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 13 industry peers in the Construction Materials industry. SMID has outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. While showing a medium growth rate, SMID is valued expensive at the moment. With these ratings, SMID could be worth investigating further 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

Looking at the Return On Assets, with a value of 14.84%, SMID belongs to the top of the industry, outperforming 92.31% of the companies in the same industry.
Looking at the Return On Equity, with a value of 24.46%, SMID belongs to the top of the industry, outperforming 84.62% of the companies in the same industry.
SMID has a Return On Invested Capital of 16.69%. This is amongst the best in the industry. SMID outperforms 84.62% of its industry peers.
The Average Return On Invested Capital over the past 3 years for SMID is significantly below the industry average of 10.33%.
The last Return On Invested Capital (16.69%) 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 16.69%
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

Looking at the Profit Margin, with a value of 13.24%, SMID is in the better half of the industry, outperforming 76.92% of the companies in the same industry.
In the last couple of years the Profit Margin of SMID has grown nicely.
With a Operating Margin value of 17.17%, SMID perfoms like the industry average, outperforming 53.85% of the companies in the same industry.
SMID's Operating Margin has improved in the last couple of years.
SMID's Gross Margin of 28.27% is in line compared to the rest of the industry. SMID outperforms 53.85% of its industry peers.
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

SMID has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
The number of shares outstanding for SMID remains at a similar level compared to 1 year ago.
SMID has more shares outstanding than it did 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 6.52 indicates that SMID is not in any danger for bankruptcy at the moment.
SMID's Altman-Z score of 6.52 is amongst the best of the industry. SMID outperforms 92.31% of its industry peers.
SMID has a debt to FCF ratio of 11.50. This is a negative value and a sign of low solvency as SMID would need 11.50 years to pay back of all of its debts.
With a Debt to FCF ratio value of 11.50, SMID perfoms like the industry average, outperforming 53.85% of the companies in the same industry.
SMID has a Debt/Equity ratio of 0.08. This is a healthy value indicating a solid balance between debt and equity.
SMID's Debt to Equity ratio of 0.08 is fine compared to the rest of the industry. SMID outperforms 76.92% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.08
Debt/FCF 11.5
Altman-Z 6.52
ROIC/WACC1.68
WACC9.95%
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

A Current Ratio of 2.88 indicates that SMID has no problem at all paying its short term obligations.
With an excellent Current ratio value of 2.88, SMID belongs to the best of the industry, outperforming 84.62% of the companies in the same industry.
A Quick Ratio of 2.44 indicates that SMID has no problem at all paying its short term obligations.
SMID's Quick ratio of 2.44 is amongst the best of the industry. SMID outperforms 84.62% 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

The Earnings Per Share has grown by an impressive 160.94% over the past year.
Measured over the past years, SMID shows a very strong growth in Earnings Per Share. The EPS has been growing by 30.73% on average per year.
Looking at the last year, SMID shows a very strong growth in Revenue. The Revenue has grown by 32.97%.
SMID shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 10.95% yearly.
EPS 1Y (TTM)160.94%
EPS 3Y0.03%
EPS 5Y30.73%
EPS Q2Q%111.23%
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

With a Price/Earnings ratio of 15.81, SMID is valued correctly.
Based on the Price/Earnings ratio, SMID is valued a bit cheaper than 76.92% of the companies in the same industry.
SMID's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.32.
Industry RankSector Rank
PE 15.81
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 a bit cheaper when compared to the industry. SMID is cheaper than 76.92% of the companies in the same industry.
SMID's Price/Free Cash Flow is on the same level as the industry average.
Industry RankSector Rank
P/FCF 459.59
EV/EBITDA 10.33
SMID Per share dataSMID EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15

4.3 Compensation for Growth

The decent profitability rating of SMID may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.51
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 (9/26/2025, 8:00:02 PM)

35.9

-0.19 (-0.53%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryConstruction Materials
Earnings (Last)08-12 2025-08-12
Earnings (Next)11-12 2025-11-12
Inst Owners58.23%
Inst Owner Change9.66%
Ins Owners3.78%
Ins Owner Change-1.67%
Market Cap190.27M
Analysts0
Price TargetN/A
Short Float %3.8%
Short Ratio17.05
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 15.81
Fwd PE N/A
P/S 2.09
P/FCF 459.59
P/OCF 33.81
P/B 3.86
P/tB 3.86
EV/EBITDA 10.33
EPS(TTM)2.27
EY6.32%
EPS(NY)N/A
Fwd EYN/A
FCF(TTM)0.08
FCFY0.22%
OCF(TTM)1.06
OCFY2.96%
SpS17.17
BVpS9.29
TBVpS9.29
PEG (NY)N/A
PEG (5Y)0.51
Profitability
Industry RankSector Rank
ROA 14.84%
ROE 24.46%
ROCE 24.15%
ROIC 16.69%
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%
ROICexcg growth 3Y-2.89%
ROICexcg 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 11.5
Debt/EBITDA 0.22
Cap/Depr 195.14%
Cap/Sales 5.73%
Interest Coverage 70.68
Cash Conversion 30.77%
Profit Quality 3.44%
Current Ratio 2.88
Quick Ratio 2.44
Altman-Z 6.52
F-Score7
WACC9.95%
ROIC/WACC1.68
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)160.94%
EPS 3Y0.03%
EPS 5Y30.73%
EPS Q2Q%111.23%
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 1Y150.98%
EBIT growth 3Y17.07%
EBIT growth 5Y31.16%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y106.55%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y319.84%
OCF growth 3Y-17.33%
OCF growth 5Y5.59%