Schmitt Industries, Inc., together with its subsidiaries, designs, manufactures, and sells test and measurement products worldwide.
Schmitt Industries Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$3.82|
|52 Week High||US$3.61|
|52 Week Low||US$8.38|
|1 Month Change||-8.39%|
|3 Month Change||-25.10%|
|1 Year Change||-24.36%|
|3 Year Change||43.07%|
|5 Year Change||143.31%|
|Change since IPO||-53.70%|
Recent News & Updates
Schmitt Industries announces new CFO
Schmitt Industries ([[SMIT]] -0.2%) announces the appointment of Philip Bosco, CPA, as CFO of the Company, effective Dec. 1. Prior to joining Schmitt, Mr. Bosco served as CFO of Americas for Intega Group, with Americas division generating $200M of revenue and including 1,100 staff and over 50 offices.
|SMIT||US Electronic||US Market|
Return vs Industry: SMIT underperformed the US Electronic industry which returned 36% over the past year.
Return vs Market: SMIT underperformed the US Market which returned 31.5% over the past year.
Stable Share Price: SMIT is more volatile than 75% of US stocks over the past 3 months, typically moving +/- 9% a week.
Volatility Over Time: SMIT's weekly volatility (9%) has been stable over the past year, but is still higher than 75% of US stocks.
About the Company
Schmitt Industries, Inc., together with its subsidiaries, designs, manufactures, and sells test and measurement products worldwide. The company operates through two segments, Measurement and Ice Cream. The Measurement segment designs, manufactures, and sells laser and confocal chromatic white light sensors for distance measurement and dimensional sizing products under the Acuity brand name for various industrial applications, including manufacturing, lumber production, steel casting, glass and paper production, medical imaging, crane control and micron-level part, and surface inspection.
Schmitt Industries Fundamentals Summary
|SMIT fundamental statistics|
Is SMIT overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|SMIT income statement (TTM)|
|Cost of Revenue||US$4.59m|
Last Reported Earnings
May 31, 2021
Next Earnings Date
|Earnings per share (EPS)||-2.13|
|Net Profit Margin||-102.87%|
How did SMIT perform over the long term?See historical performance and comparison
Is Schmitt Industries undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate SMIT's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate SMIT's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: SMIT is unprofitable, so we can't compare its PE Ratio to the US Electronic industry average.
PE vs Market: SMIT is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate SMIT's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: SMIT is overvalued based on its PB Ratio (3.9x) compared to the US Electronic industry average (2.7x).
How is Schmitt Industries forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Tech 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 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 SimplyWall St do have past financial data.
How has Schmitt Industries performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SMIT is currently unprofitable.
Growing Profit Margin: SMIT is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: SMIT is unprofitable, and losses have increased over the past 5 years at a rate of 41% per year.
Accelerating Growth: Unable to compare SMIT's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: SMIT is unprofitable, making it difficult to compare its past year earnings growth to the Electronic industry (44.3%).
Return on Equity
High ROE: SMIT has a negative Return on Equity (-214.6%), as it is currently unprofitable.
How is Schmitt Industries's financial position?
Financial Position Analysis
Short Term Liabilities: SMIT's short term assets ($7.0M) exceed its short term liabilities ($4.0M).
Long Term Liabilities: SMIT's short term assets ($7.0M) do not cover its long term liabilities ($13.4M).
Debt to Equity History and Analysis
Debt Level: SMIT's debt to equity ratio (100.7%) is considered high.
Reducing Debt: SMIT had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
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.
Stable Cash Runway: SMIT has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: SMIT has less than a year of cash runway if free cash flow continues to reduce at historical rates of 45% each year
What is Schmitt Industries's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate SMIT's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate SMIT'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 SMIT's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if SMIT's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of SMIT'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
Mike Zapata (42 yo)
Mr. Michael R. Zapata, also known as Mike, serves as Independent Director at Communications Systems, Inc. since June 17, 2020. Mr. Zapata serves as Executive Chairman and President of Schmitt Industries In...
CEO Compensation Analysis
Compensation vs Market: Mike's total compensation ($USD429.42K) is about average for companies of similar size in the US market ($USD543.98K).
Compensation vs Earnings: Mike's compensation has increased whilst the company is unprofitable.
Experienced Management: SMIT's management team is considered experienced (2.3 years average tenure).
Experienced Board: SMIT's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if 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.
Schmitt Industries, Inc.'s employee growth, exchange listings and data sources
- Name: Schmitt Industries, Inc.
- Ticker: SMIT
- Exchange: NasdaqCM
- Founded: 1984
- Industry: Electronic Equipment and Instruments
- Sector: Tech
- Market Cap: US$14.518m
- Shares outstanding: 3.80m
- Website: https://www.schmittindustries.com
Number of Employees
- Schmitt Industries, Inc.
- 2765 N.W. Nicolai Street
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/21 22:54|
|End of Day Share Price||2021/10/21 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.