SMITH-MIDLAND CORP (SMID)
US8321561032 - Common Stock
Overall SMID gets a fundamental rating of 2 out of 10. We evaluated SMID against 12 industry peers in the Construction Materials industry. While SMID seems to be doing ok healthwise, there are quite some concerns on its profitability. SMID does not seem to be growing, but still is valued expensively.
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.
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.
1.2 Ratios
SMID has a worse Return On Assets (0.99%) than 75.00% of its industry peers.
SMID's Return On Equity of 1.69% is on the low side compared to the rest of the industry. SMID is outperformed by 83.33% of its industry peers.
Looking at the Return On Invested Capital, with a value of 0.94%, SMID is doing worse than 83.33% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for SMID is below the industry average of 9.95%.
The last Return On Invested Capital (0.94%) for SMID is well below the 3 year average (7.71%), which needs to be investigated, but indicates that SMID had better years and this may not be a problem.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.99% | ||
| ROE | 1.69% | ||
| ROIC | 0.94% |
ROA(3y)7.14%
ROA(5y)6.02%
ROE(3y)12.52%
ROE(5y)11.18%
ROIC(3y)7.71%
ROIC(5y)7.16%
1.3 Margins
SMID has a Profit Margin of 0.99%. This is amonst the worse of the industry: SMID underperforms 83.33% of its industry peers.
In the last couple of years the Profit Margin of SMID has declined.
SMID has a worse Operating Margin (0.87%) than 83.33% of its industry peers.
In the last couple of years the Operating Margin of SMID has declined.
SMID's Gross Margin of 17.42% is on the low side compared to the rest of the industry. SMID is outperformed by 83.33% of its industry peers.
SMID's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 0.87% | ||
| PM (TTM) | 0.99% | ||
| GM | 17.42% |
OM growth 3Y-32.29%
OM growth 5Y-28.25%
PM growth 3Y-27.43%
PM growth 5Y-24.31%
GM growth 3Y-4%
GM growth 5Y-7.21%
2. Health
2.1 Basic Checks
SMID has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
SMID has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, SMID has more shares outstanding
Compared to 1 year ago, SMID has a worse debt to assets ratio.
2.2 Solvency
SMID has an Altman-Z score of 6.86. This indicates that SMID is financially healthy and has little risk of bankruptcy at the moment.
SMID's Altman-Z score of 6.86 is amongst the best of the industry. SMID outperforms 91.67% of its industry peers.
A Debt/Equity ratio of 0.16 indicates that SMID is not too dependend on debt financing.
SMID has a Debt to Equity ratio of 0.16. This is amongst the best in the industry. SMID outperforms 91.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.16 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 6.86 |
ROIC/WACC0.1
WACC9.81%
2.3 Liquidity
SMID has a Current Ratio of 2.31. This indicates that SMID is financially healthy and has no problem in meeting its short term obligations.
SMID has a Current ratio of 2.31. This is comparable to the rest of the industry: SMID outperforms 50.00% of its industry peers.
A Quick Ratio of 1.99 indicates that SMID should not have too much problems paying its short term obligations.
SMID's Quick ratio of 1.99 is amongst the best of the industry. SMID outperforms 83.33% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.31 | ||
| Quick Ratio | 1.99 |
3. Growth
3.1 Past
The earnings per share for SMID have decreased strongly by -26.67% in the last year.
Measured over the past years, SMID shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -22.31% on average per year.
SMID shows a strong growth in Revenue. In the last year, the Revenue has grown by 26.30%.
SMID shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 3.74% yearly.
EPS 1Y (TTM)-26.67%
EPS 3Y-26.64%
EPS 5Y-22.31%
EPS growth Q2QN/A
Revenue 1Y (TTM)26.3%
Revenue growth 3Y2.4%
Revenue growth 5Y3.74%
Revenue growth Q2Q30.85%
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.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 340.91, the valuation of SMID can be described as expensive.
Based on the Price/Earnings ratio, SMID is valued a bit more expensive than the industry average as 75.00% of the companies are valued more cheaply.
When comparing the Price/Earnings ratio of SMID to the average of the S&P500 Index (28.15), we can say SMID is valued expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 340.91 | ||
| Fwd PE | N/A |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of SMID indicates a slightly more expensive valuation: SMID is more expensive than 66.67% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 63.13 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2YN/A
EPS Next 3YN/A
5. Dividend
5.1 Amount
No dividends for SMID!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
SMITH-MIDLAND CORP
NASDAQ:SMID (5/17/2024, 7:26:50 PM)
37.5
+0.9 (+2.46%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryConstruction Materials
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap197.25M
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 340.91 | ||
| Fwd PE | N/A | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.99% | ||
| ROE | 1.69% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 0.87% | ||
| PM (TTM) | 0.99% | ||
| GM | 17.42% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover1
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.16 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 2.31 | ||
| Quick Ratio | 1.99 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)-26.67%
EPS 3Y-26.64%
EPS 5Y
EPS growth Q2Q
EPS Next YN/A
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)26.3%
Revenue growth 3Y2.4%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y