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SMITH-MIDLAND CORP (SMID) Stock Fundamental Analysis

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

37.45 USD
+1.06 (+2.91%)
Last: 1/21/2026, 8:00:03 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. Both the health and profitability get an excellent rating, making SMID a very profitable company, without any liquidiy or solvency issues. SMID is valied quite expensively at the moment, while it does show a decent growth rate.


Dividend Valuation Growth Profitability Health

7

1. Profitability

1.1 Basic Checks

  • SMID had positive earnings in the past year.
  • SMID had a positive operating cash flow in the past year.
  • Each year in the past 5 years SMID has been profitable.
  • SMID had a positive operating cash flow in 4 of the past 5 years.
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 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5M -5M

1.2 Ratios

  • The Return On Assets of SMID (13.78%) is better than 92.31% of its industry peers.
  • With an excellent Return On Equity value of 22.58%, SMID belongs to the best of the industry, outperforming 92.31% of the companies in the same industry.
  • The Return On Invested Capital of SMID (16.03%) is better than 92.31% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for SMID is below the industry average of 9.37%.
  • The last Return On Invested Capital (16.03%) for SMID is above the 3 year average (5.33%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 13.78%
ROE 22.58%
ROIC 16.03%
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 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15 20

1.3 Margins

  • SMID has a Profit Margin of 13.25%. This is in the better half of the industry: SMID outperforms 69.23% of its industry peers.
  • SMID's Profit Margin has improved in the last couple of years.
  • SMID has a Operating Margin (17.58%) which is in line with its industry peers.
  • SMID's Operating Margin has improved in the last couple of years.
  • SMID's Gross Margin of 28.03% is on the low side compared to the rest of the industry. SMID is outperformed by 61.54% of its industry peers.
  • SMID's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 17.58%
PM (TTM) 13.25%
GM 28.03%
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 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15 20 25

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8

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.
  • 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 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 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M

2.2 Solvency

  • An Altman-Z score of 6.29 indicates that SMID is not in any danger for bankruptcy at the moment.
  • SMID has a better Altman-Z score (6.29) than 92.31% of its industry peers.
  • SMID has a debt to FCF ratio of 0.91. This is a very positive value and a sign of high solvency as it would only need 0.91 years to pay back of all of its debts.
  • SMID has a Debt to FCF ratio of 0.91. This is amongst the best in the industry. SMID outperforms 92.31% of its industry peers.
  • A Debt/Equity ratio of 0.08 indicates that SMID is not too dependend on debt financing.
  • With a decent Debt to Equity ratio value of 0.08, SMID is doing good in the industry, outperforming 76.92% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.08
Debt/FCF 0.91
Altman-Z 6.29
ROIC/WACC1.49
WACC10.73%
SMID Yearly LT Debt VS Equity VS FCFSMID Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10M 20M 30M 40M

2.3 Liquidity

  • SMID has a Current Ratio of 2.76. This indicates that SMID is financially healthy and has no problem in meeting its short term obligations.
  • SMID's Current ratio of 2.76 is fine compared to the rest of the industry. SMID outperforms 76.92% of its industry peers.
  • A Quick Ratio of 2.33 indicates that SMID has no problem at all paying its short term obligations.
  • SMID has a better Quick ratio (2.33) than 92.31% of its industry peers.
Industry RankSector Rank
Current Ratio 2.76
Quick Ratio 2.33
SMID Yearly Current Assets VS Current LiabilitesSMID Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M

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4

3. Growth

3.1 Past

  • The Earnings Per Share has grown by an impressive 82.18% over the past year.
  • SMID shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 30.73% yearly.
  • Looking at the last year, SMID shows a quite strong growth in Revenue. The Revenue has grown by 16.37% in the last year.
  • The Revenue has been growing by 10.95% on average over the past years. This is quite good.
EPS 1Y (TTM)82.18%
EPS 3Y0.03%
EPS 5Y30.73%
EPS Q2Q%-8.08%
Revenue 1Y (TTM)16.37%
Revenue growth 3Y15.74%
Revenue growth 5Y10.95%
Sales Q2Q%-9.04%

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 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

  • SMID is valuated correctly with a Price/Earnings ratio of 16.87.
  • Based on the Price/Earnings ratio, SMID is valued cheaper than 84.62% 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 16.87
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

  • 84.62% of the companies in the same industry are more expensive than SMID, based on the Enterprise Value to EBITDA ratio.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of SMID indicates a slightly more expensive valuation: SMID is more expensive than 61.54% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 39.48
EV/EBITDA 10.11
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)0.55
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 0%

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SMITH-MIDLAND CORP

NASDAQ:SMID (1/21/2026, 8:00:03 PM)

37.45

+1.06 (+2.91%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryConstruction Materials
Earnings (Last)11-14
Earnings (Next)05-25
Inst Owners58.87%
Inst Owner Change-0.17%
Ins Owners3.77%
Ins Owner Change-1.65%
Market Cap198.49M
Revenue(TTM)88.87M
Net Income(TTM)11.77M
Analysts0
Price TargetN/A
Short Float %3.64%
Short Ratio18.94
Dividend
Industry RankSector Rank
Dividend Yield 0%
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 16.87
Fwd PE N/A
P/S 2.23
P/FCF 39.48
P/OCF 17.93
P/B 3.81
P/tB 3.81
EV/EBITDA 10.11
EPS(TTM)2.22
EY5.93%
EPS(NY)N/A
Fwd EYN/A
FCF(TTM)0.95
FCFY2.53%
OCF(TTM)2.09
OCFY5.58%
SpS16.77
BVpS9.84
TBVpS9.84
PEG (NY)N/A
PEG (5Y)0.55
Graham Number22.16
Profitability
Industry RankSector Rank
ROA 13.78%
ROE 22.58%
ROCE 23.18%
ROIC 16.03%
ROICexc 19.99%
ROICexgc 19.99%
OM 17.58%
PM (TTM) 13.25%
GM 28.03%
FCFM 5.66%
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-Score6
Asset Turnover1.04
Health
Industry RankSector Rank
Debt/Equity 0.08
Debt/FCF 0.91
Debt/EBITDA 0.22
Cap/Depr 234.39%
Cap/Sales 6.8%
Interest Coverage 76.6
Cash Conversion 60.82%
Profit Quality 42.7%
Current Ratio 2.76
Quick Ratio 2.33
Altman-Z 6.29
F-Score6
WACC10.73%
ROIC/WACC1.49
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)82.18%
EPS 3Y0.03%
EPS 5Y30.73%
EPS Q2Q%-8.08%
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)16.37%
Revenue growth 3Y15.74%
Revenue growth 5Y10.95%
Sales Q2Q%-9.04%
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y82.32%
EBIT growth 3Y17.07%
EBIT growth 5Y31.16%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y287.58%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y2306.96%
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.


What is the valuation status of SMITH-MIDLAND CORP (SMID) stock?

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.


Can you provide the financial health for SMID stock?

The financial health rating of SMITH-MIDLAND CORP (SMID) is 8 / 10.