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Schmitt Industries

Nasdaq:SMIT
Snowflake Description

Adequate balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SMIT
Nasdaq
$10M
Market Cap
  1. Home
  2. US
  3. Tech
Company description

Schmitt Industries, Inc., together with its subsidiaries, designs, manufactures, and sells test and measurement products worldwide. The last earnings update was 68 days ago. More info.


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SMIT Share Price and Events
7 Day Returns
-0.7%
NasdaqCM:SMIT
0.7%
US Electronic
1.2%
US Market
1 Year Returns
-8.7%
NasdaqCM:SMIT
-0.3%
US Electronic
3%
US Market
SMIT Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Schmitt Industries (SMIT) -0.7% -11.6% -11.3% -8.7% 8.9% -17.8%
US Electronic 0.7% 1.1% 21.2% -0.3% 59.3% 59.2%
US Market 1.2% 2.1% 14.6% 3% 39% 43.5%
1 Year Return vs Industry and Market
  • SMIT underperformed the Electronic industry which returned -0.3% over the past year.
  • SMIT underperformed the Market in United States of America which returned 3% over the past year.
Price Volatility
SMIT
Industry
5yr Volatility vs Market
Related Companies

SMIT Value

 Is Schmitt Industries undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Schmitt Industries. This is due to cash flow or dividend data being unavailable. The share price is $2.4833.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Schmitt Industries's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Schmitt Industries's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqCM:SMIT PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-11-30) in USD $-0.06
NasdaqCM:SMIT Share Price ** NasdaqCM (2019-03-19) in USD $2.48
United States of America Electronic Industry PE Ratio Median Figure of 92 Publicly-Listed Electronic Companies 19.54x
United States of America Market PE Ratio Median Figure of 3,058 Publicly-Listed Companies 17.69x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Schmitt Industries.

NasdaqCM:SMIT PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqCM:SMIT Share Price ÷ EPS (both in USD)

= 2.48 ÷ -0.06

-43.17x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Schmitt Industries is loss making, we can't compare its value to the US Electronic industry average.
  • Schmitt Industries is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does Schmitt Industries's expected growth come at a high price?
Raw Data
NasdaqCM:SMIT PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -43.17x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
United States of America Electronic Industry PEG Ratio Median Figure of 60 Publicly-Listed Electronic Companies 1.54x
United States of America Market PEG Ratio Median Figure of 2,103 Publicly-Listed Companies 1.48x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Schmitt Industries, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Schmitt Industries's assets?
Raw Data
NasdaqCM:SMIT PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-11-30) in USD $2.29
NasdaqCM:SMIT Share Price * NasdaqCM (2019-03-19) in USD $2.48
United States of America Electronic Industry PB Ratio Median Figure of 151 Publicly-Listed Electronic Companies 2.1x
United States of America Market PB Ratio Median Figure of 5,156 Publicly-Listed Companies 1.89x
NasdaqCM:SMIT PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqCM:SMIT Share Price ÷ Book Value per Share (both in USD)

= 2.48 ÷ 2.29

1.09x

* Primary Listing of Schmitt Industries.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Schmitt Industries is good value based on assets compared to the US Electronic industry average.
X
Value checks
We assess Schmitt Industries's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Electronic industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Electronic industry average (and greater than 0)? (1 check)
  5. Schmitt Industries has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

SMIT Future Performance

 How is Schmitt Industries expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

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 Schmitt Industries 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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
17%
Expected Electronic industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Schmitt Industries expected to grow at an attractive rate?
  • Unable to compare Schmitt Industries's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Schmitt Industries's earnings growth to the United States of America market average as no estimate data is available.
  • Unable to compare Schmitt Industries's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NasdaqCM:SMIT Future Growth Rates Data Sources
Data Point Source Value (per year)
United States of America Electronic Industry Earnings Growth Rate Market Cap Weighted Average 17%
United States of America Electronic Industry Revenue Growth Rate Market Cap Weighted Average 5.6%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqCM:SMIT Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqCM:SMIT Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-11-30 14 -2 0
2018-08-31 14 -1 0
2018-05-31 14 -1 0
2018-02-28 14 -1 0
2017-11-30 14 0 -1
2017-08-31 13 0 -1
2017-05-31 12 0 -1
2017-02-28 12 -1 -1
2016-11-30 11 -1 -1
2016-08-31 11 0 -1
2016-05-31 12 -1 -2
2016-02-29 13 -1 -1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Schmitt Industries is high growth as no earnings estimate data is available.
  • Unable to determine if Schmitt Industries is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqCM:SMIT Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Schmitt Industries Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqCM:SMIT Past Financials Data
Date (Data in USD Millions) EPS *
2018-11-30 -0.06
2018-08-31 0.04
2018-05-31 0.06
2018-02-28 -0.14
2017-11-30 -0.20
2017-08-31 -0.36
2017-05-31 -0.36
2017-02-28 -0.37
2016-11-30 -0.48
2016-08-31 -0.48
2016-05-31 -0.51
2016-02-29 -0.32

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Schmitt Industries will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine Schmitt Industries's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. Schmitt Industries's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Tech companies here
  3. Schmitt Industries's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Schmitt Industries's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Schmitt Industries has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

SMIT Past Performance

  How has Schmitt Industries performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Schmitt Industries's growth in the last year to its industry (Electronic).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Schmitt Industries does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Schmitt Industries's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Schmitt Industries's 1-year growth to the US Electronic industry average as it is not currently profitable.
Earnings and Revenue History
Schmitt Industries's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Schmitt Industries Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqCM:SMIT Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-11-30 13.98 -0.23 5.28 0.25
2018-08-31 14.24 0.13 5.52 0.30
2018-05-31 13.89 0.21 5.58 0.33
2018-02-28 13.74 -0.45 5.90 0.32
2017-11-30 13.70 -0.60 5.87 0.29
2017-08-31 12.59 -1.08 5.67 0.25
2017-05-31 12.40 -1.07 5.62 0.26
2017-02-28 11.73 -1.10 5.49 0.25
2016-11-30 11.06 -1.42 5.63 0.27
2016-08-31 11.47 -1.45 5.89 0.28
2016-05-31 11.69 -1.52 6.02 0.29
2016-02-29 12.56 -0.96 6.11 0.31
2015-11-30 13.05 -0.67 6.11 0.34
2015-08-31 13.12 -0.34 6.03 0.39
2015-05-31 13.07 -0.09 5.83 0.38
2015-02-28 12.24 -0.34 5.66 0.38
2014-11-30 12.29 -0.25 5.64 0.43
2014-08-31 12.28 -0.34 5.65 0.42
2014-05-31 12.13 -0.54 5.66 0.48
2014-02-28 12.38 -0.75 5.81 0.55
2013-11-30 12.11 -0.87 5.79 0.57
2013-08-31 11.67 -0.81 5.80 0.58
2013-05-31 12.45 -0.54 6.08 0.57
2013-02-28 13.51 -0.17 6.01 0.53
2012-11-30 13.87 0.03 6.09 0.46
2012-08-31 14.65 0.06 6.09 0.37
2012-05-31 14.44 0.08 5.97 0.32

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Schmitt Industries has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Schmitt Industries has efficiently used its assets last year compared to the US Electronic industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Schmitt Industries improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Schmitt Industries's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Electronic industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Schmitt Industries has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

SMIT Health

 How is Schmitt Industries's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Schmitt Industries's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Schmitt Industries is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Schmitt Industries has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Schmitt Industries's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Schmitt Industries has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Schmitt Industries Company Filings, last reported 3 months ago.

NasdaqCM:SMIT Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-11-30 9.13 0.00 1.30
2018-08-31 9.39 0.00 1.74
2018-05-31 9.52 0.01 2.05
2018-02-28 9.34 0.00 1.99
2017-11-30 6.99 0.00 0.59
2017-08-31 6.85 0.00 0.53
2017-05-31 6.98 0.01 0.87
2017-02-28 7.30 0.00 0.48
2016-11-30 7.45 0.00 0.54
2016-08-31 7.84 0.00 1.00
2016-05-31 8.00 0.02 0.99
2016-02-29 8.43 0.00 1.14
2015-11-30 8.92 0.00 1.26
2015-08-31 9.32 0.00 1.49
2015-05-31 9.49 0.03 1.80
2015-02-28 9.36 0.00 1.65
2014-11-30 9.54 0.00 1.71
2014-08-31 9.65 0.00 1.73
2014-05-31 9.61 0.03 1.51
2014-02-28 9.74 0.00 1.89
2013-11-30 9.78 0.40 2.12
2013-08-31 9.89 0.40 1.96
2013-05-31 10.02 0.00 1.91
2013-02-28 10.36 0.00 2.34
2012-11-30 10.55 0.00 2.66
2012-08-31 10.64 0.00 3.07
2012-05-31 10.48 0.00 2.78
  • Schmitt Industries has no debt.
  • Schmitt Industries has no debt compared to 5 years ago when it was 4%.
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Schmitt Industries has less than a year of cash runway based on current free cash flow.
  • Schmitt Industries has less than a year of cash runway if free cash flow continues to grow at historical rates of 29% each year.
X
Financial health checks
We assess Schmitt Industries's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Schmitt Industries has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

SMIT Dividends

 What is Schmitt Industries's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Schmitt Industries dividends.
If you bought $2,000 of Schmitt Industries shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Schmitt Industries's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Schmitt Industries's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqCM:SMIT Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
United States of America Electronic Industry Average Dividend Yield Market Cap Weighted Average of 38 Stocks 1.5%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2004 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Schmitt Industries has not reported any payouts.
  • Unable to verify if Schmitt Industries's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Schmitt Industries's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Schmitt Industries has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Schmitt Industries's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Schmitt Industries afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Schmitt Industries has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

SMIT Management

 What is the CEO of Schmitt Industries's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
  • Schmitt Industries has no CEO, or we have no data on them.
Management Team Tenure

Average tenure and age of the Schmitt Industries management team in years:

0.3
Average Tenure
49
Average Age
  • The average tenure for the Schmitt Industries management team is less than 2 years, this suggests a new team.
Management Team

Ann Ferguson

TITLE
CFO, Treasurer
COMPENSATION
$190K
AGE
49
TENURE
5.9 yrs

David Case

TITLE
Special Advisor
COMPENSATION
$186K
AGE
54
TENURE
0.3 yrs

Mike Zapata

TITLE
Executive Chairman & President
AGE
40
TENURE
0.3 yrs

Al Hooton

TITLE
CTO & GM of Acuity

Donna Witkowski

TITLE
President of SBS
TENURE
0.3 yrs
Board of Directors Tenure

Average tenure and age of the Schmitt Industries board of directors in years:

1.6
Average Tenure
62.5
Average Age
  • The average tenure for the Schmitt Industries board of directors is less than 3 years, this suggests a new board.
Board of Directors

Mike Zapata

TITLE
Executive Chairman & President
AGE
40
TENURE
0.3 yrs

Charlie Davidson

TITLE
Director
COMPENSATION
$47K
AGE
59
TENURE
2.8 yrs

Dave Hudson

TITLE
Director
COMPENSATION
$203K
AGE
66
TENURE
12.9 yrs

Andy Hines

TITLE
Director
AGE
78
TENURE
0.4 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
22. Oct 18 Buy Sententia Capital Management, LLC Company 23. Aug 18 16. Oct 18 41,879 $2.80 $114,907
20. Aug 18 Sell Sententia Capital Management, LLC Company 19. Jul 18 19. Jul 18 -35,000 $3.80 $-133,000
20. Aug 18 Buy Sententia Capital Management, LLC Company 18. Jun 18 15. Aug 18 66,615 $2.71 $177,518
11. Jun 18 Buy Sententia Capital Management, LLC Company 13. Apr 18 08. Jun 18 219,164 $2.50 $547,910
23. Apr 18 Buy Michael Ellsworth Individual 19. Apr 18 19. Apr 18 2,000 $2.10 $4,198
X
Management checks
We assess Schmitt Industries's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Schmitt Industries has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

SMIT News

Simply Wall St News

What does Schmitt Industries, Inc.'s (NASDAQ:SMIT) Balance Sheet Tell Us About Its Future?

However, the trade-off is SMIT will have to follow strict debt obligations which will reduce its financial flexibility. … Zero-debt can alleviate some risk associated with the company meeting debt obligations, but this doesn’t automatically mean SMIT has outstanding financial strength. … Is SMIT right in choosing financial flexibility over lower cost of capital.

Simply Wall St -

Should We Be Cautious About Schmitt Industries, Inc.'s (NASDAQ:SMIT) ROE Of 1.4%?

Our data shows Schmitt Industries has a return on equity of 1.4% for the last year. … One way to conceptualize this, is that for each $1 of shareholders' equity it has, the company made $0.014 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

What You Must Know About Schmitt Industries Inc's (NASDAQ:SMIT) Financial Strength

Schmitt Industries Inc (NASDAQ:SMIT), which has zero-debt on its balance sheet, can maximize capital returns by increasing debt due to its lower cost of capital. … However, the trade-off is SMIT will have to follow strict debt obligations which will reduce its financial flexibility. … Is SMIT growing fast enough to value financial flexibility over lower cost of capital.

Simply Wall St -

Can We See Significant Insider Ownership On The Schmitt Industries Inc (NASDAQ:SMIT) Share Register?

A look at the shareholders of Schmitt Industries Inc (NASDAQ:SMIT) can tell us which group is most powerful. … Generally speaking, as a company grows, institutions will increase their ownership. … Schmitt Industries is not a large company by global standards.

Simply Wall St -

What Does Schmitt Industries Inc's (NASDAQ:SMIT) PE Ratio Tell You?

Although some investors may jump to the conclusion that you should avoid the stock or sell if you own it, understanding the assumptions behind the P/E ratio might change your mind. … I will deconstruct the P/E ratio and highlight what you need to be careful of when using the P/E ratio … What you need to know about the P/E ratio

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Should You Be Concerned About Schmitt Industries Inc's (NASDAQ:SMIT) Shareholders?

Today, I will be analyzing Schmitt Industries Inc’s (NASDAQ:SMIT) recent ownership structure, an important but not-so-popular subject among individual investors. … Ownership structure of a company has been found to affect share performance over time. … The effect of an active institutional investor with a similar ownership as a passive pension-fund can be vastly different on a company's corporate governance and accountability to shareholders.

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What Does Schmitt Industries Inc's (NASDAQ:SMIT) Ownership Structure Look Like?

Check out our latest analysis for Schmitt Industries NasdaqCM:SMIT Ownership_summary Jun 1st 18 Institutional Ownership SMIT's 30.83% institutional ownership seems enough to cause large share price movements in the case of significant share sell-off or acquisitions by institutions, particularly when there is a low level of public shares available on the market to trade. … NasdaqCM:SMIT Insider_trading Jun 1st 18 General Public Ownership The general public holds a substantial 40.86% stake in SMIT, making it a highly popular stock among retail investors. … This level of ownership gives retail investors the power to sway key policy decisions such as board composition, executive compensation, and potential acquisitions.

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Does Schmitt Industries Inc (NASDAQ:SMIT) Have Enough Money Left To Grow?

Today I’ve examined Schmitt Industries’s financial data from its most recent earnings update, to roughly assess when the company may need to raise new capital. … Cash burn is when a loss-making company spends its equity to fund its expenses before making money from its day-to-day business. … In Schmitt Industries’s case, its opex fell by 1.36% last year, which may signal the company moving towards a more sustainable level of expenses.

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Schmitt Industries Inc (NASDAQ:SMIT): What Does It Mean For Your Portfolio?

Based on this beta value, SMIT appears to be a stock that an investor with a high-beta portfolio would look for to reduce risk exposure to the market. … SMIT, with its market capitalisation of US$11.10M, is a small-cap stock, which generally have higher beta than similar companies of larger size. … Depending on the composition of your portfolio, low-beta stocks such as SMIT is valuable to lower your risk of market exposure, in particular, during times of economic decline.

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Want To Invest In Schmitt Industries Inc (NASDAQ:SMIT)? Here's How It Performed Lately

Check out our latest analysis for Schmitt Industries Did SMIT's recent earnings growth beat the long-term trend and the industry? … NasdaqCM:SMIT Income Statement Mar 16th 18 We can further assess Schmitt Industries's loss by looking at what the industry has been experiencing over the past few years. … Each year, for the last five years Schmitt Industries's revenue growth has been relatively soft, with an annual growth rate of -1.17%, on average.

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SMIT Company Info

Description

Schmitt Industries, Inc., together with its subsidiaries, designs, manufactures, and sells test and measurement products worldwide. The company’s Balancer segment offers computer-controlled vibration detection, balancing, and process control systems. Its products comprise Schmitt Dynamic Balance System, which consists of a vibration sensor, a computer control unit, and a balance head; SB-5500, an optional acoustic emission monitoring system (AEMS) control card to monitor the AE signals generated on the grinding machine; process control cards to provide enhanced control of the grinding process; SB-2000, a compact manual balancing system; and AE-1000, an AE control platform, which reduces air machine grinding time. This segment sells its products to end user operators, as well as manufacturers of grinding machines for automotive, industrial, aerospace, and medical industries through independent manufacturers’ representatives and distributors. Its Measurement segment provides laser and white light sensors for distance, dimensional, and area measurement for various commercial applications; and ultrasonic measurement products that measure the levels of liquid tanks and transmit that data through satellite to a secure Website for display. This segment’s products include distance measurement, laser displacement, and chromatic confocal sensors, as well as laser line scanners; and remote tank monitoring products. The company offers its products under the SBS, Acuity, Xact, SMS, Lasercheck, and AccuProfile trademarks. Schmitt Industries, Inc. was founded in 1984 and is headquartered in Portland, Oregon.

Details
Name: Schmitt Industries, Inc.
SMIT
Exchange: NasdaqCM
Founded: 1984
$9,919,653
3,994,545
Website: http://www.schmittindustries.com
Address: Schmitt Industries, Inc.
2765 NW Nicolai Street,
Portland,
Oregon, 97210,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqCM SMIT Common Stock Nasdaq Capital Market US USD 30. Jan 1995
DB SI1A Common Stock Deutsche Boerse AG DE EUR 30. Jan 1995
Number of employees
Current staff
Staff numbers
55
Schmitt Industries employees.
Industry
Electronic Equipment and Instruments
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/20 23:45
End of day share price update: 2019/03/19 00:00
Last earnings filing: 2019/01/11
Last earnings reported: 2018/11/30
Last annual earnings reported: 2018/05/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.