Smith-Midland Corporation, through its subsidiaries, invents, develops, manufactures, markets, leases, licenses, sells, and installs precast concrete products primarily for use in the construction, highway, utilities, and farming industries.
Price History & Performance
|Historical stock prices|
|Current Share Price||US$14.60|
|52 Week High||US$5.54|
|52 Week Low||US$25.90|
|1 Month Change||-22.91%|
|3 Month Change||-33.09%|
|1 Year Change||143.33%|
|3 Year Change||83.65%|
|5 Year Change||311.27%|
|Change since IPO||184.88%|
Recent News & Updates
Is Smith-Midland (NASDAQ:SMID) Using Too Much Debt?
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Returns At Smith-Midland (NASDAQ:SMID) Are On The Way Up
What trends should we look for it we want to identify stocks that can multiply in value over the long term? Typically...
|SMID||US Basic Materials||US Market|
Return vs Industry: SMID exceeded the US Basic Materials industry which returned 51.6% over the past year.
Return vs Market: SMID exceeded the US Market which returned 35.3% over the past year.
Stable Share Price: SMID is more volatile than 75% of US stocks over the past 3 months, typically moving +/- 11% a week.
Volatility Over Time: SMID's weekly volatility (11%) has been stable over the past year, but is still higher than 75% of US stocks.
About the Company
Smith-Midland Corporation, through its subsidiaries, invents, develops, manufactures, markets, leases, licenses, sells, and installs precast concrete products primarily for use in the construction, highway, utilities, and farming industries. It offers SlenderWall, a lightweight construction panels for the exterior walls of building; Sierra Wall that provides sound and sight barrier for use alongside highways around residential, industrial, and commercial properties; J-J Hooks highway safety barriers for use on roadways to separate lanes of traffic in construction work zone or traffic control purposes; and Easi-Set precast building and Easi-Span expandable precast buildings for use in housing communications operations, traffic control systems, and mechanical and electrical stations. The company also provides Easi-Set utility vaults for house equipment, such as cable, telephone, or traffic signal equipment, and for underground storage, as well as custom-built utility vaults for special needs; SoftSound soundwall panels to absorb highway noise; Beach Prisms, an erosion control module for seawalls and jetties; and H2Out secondary drainage systems for panelized exterior cladding.
Smith-Midland Fundamentals Summary
|SMID fundamental statistics|
Is SMID overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|SMID income statement (TTM)|
|Cost of Revenue||US$35.01m|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||1.19|
|Net Profit Margin||11.96%|
How did SMID perform over the long term?See historical performance and comparison
Is Smith-Midland undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: SMID ($14.6) is trading below our estimate of fair value ($38.82)
Significantly Below Fair Value: SMID is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: SMID is good value based on its PE Ratio (12.2x) compared to the US Basic Materials industry average (17.1x).
PE vs Market: SMID is good value based on its PE Ratio (12.2x) compared to the US market (17.9x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate SMID's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: SMID's PB Ratio (2.7x) is in line with the US Basic Materials industry average.
How is Smith-Midland forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Materials industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Smith-Midland has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
How has Smith-Midland performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SMID has high quality earnings.
Growing Profit Margin: SMID's current net profit margins (12%) are higher than last year (3.8%).
Past Earnings Growth Analysis
Earnings Trend: SMID's earnings have grown by 9.1% per year over the past 5 years.
Accelerating Growth: SMID's earnings growth over the past year (254.6%) exceeds its 5-year average (9.1% per year).
Earnings vs Industry: SMID earnings growth over the past year (254.6%) exceeded the Basic Materials industry 51.2%.
Return on Equity
High ROE: SMID's Return on Equity (22.1%) is considered high.
How is Smith-Midland's financial position?
Financial Position Analysis
Short Term Liabilities: SMID's short term assets ($30.2M) exceed its short term liabilities ($14.0M).
Long Term Liabilities: SMID's short term assets ($30.2M) exceed its long term liabilities ($11.2M).
Debt to Equity History and Analysis
Debt Level: SMID's debt to equity ratio (26%) is considered satisfactory.
Reducing Debt: SMID's debt to equity ratio has increased from 25.9% to 26% over the past 5 years.
Debt Coverage: SMID's debt is well covered by operating cash flow (147.2%).
Interest Coverage: SMID's interest payments on its debt are well covered by EBIT (50.3x coverage).
What is Smith-Midland current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate SMID's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate SMID's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if SMID's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if SMID's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: SMID is not paying a notable dividend for the US market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of SMID's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Ashley Smith (58 yo)
Mr. Ashley B. Smith has been the Chief Executive Officer and President of Smith-Midland Corporation since May 24, 2018 and 2012 respectively. Mr. Smith served as Chief Operating Officer of Smith-Midland Co...
CEO Compensation Analysis
Compensation vs Market: Ashley's total compensation ($USD537.36K) is about average for companies of similar size in the US market ($USD548.69K).
Compensation vs Earnings: Ashley's compensation has increased by more than 20% in the past year.
Experienced Management: SMID's management team is considered experienced (3.7 years average tenure).
Experienced Board: SMID's board of directors are seasoned and experienced ( 26.8 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: SMID insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Smith-Midland Corporation's employee growth, exchange listings and data sources
- Name: Smith-Midland Corporation
- Ticker: SMID
- Exchange: NasdaqCM
- Founded: 1960
- Industry: Construction Materials
- Sector: Materials
- Market Cap: US$74.732m
- Shares outstanding: 5.12m
- Website: https://www.smithmidland.com
Number of Employees
- Smith-Midland Corporation
- 5119 Catlett Road
- PO Box 300
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/09/25 22:18|
|End of Day Share Price||2021/09/24 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.