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SMIT

Schmitt IndustriesNasdaqCM:SMIT Stock Report

Market Cap

US$14.5m

7D

-3.3%

1Y

-24.4%

Updated

21 Oct, 2021

Data

Company Financials
SMIT fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health2/6
Dividends0/6

SMIT Overview

Schmitt Industries, Inc., together with its subsidiaries, designs, manufactures, and sells test and measurement products worldwide.

Schmitt Industries Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Schmitt Industries
Historical stock prices
Current Share PriceUS$3.82
52 Week HighUS$3.61
52 Week LowUS$8.38
Beta0.94
1 Month Change-8.39%
3 Month Change-25.10%
1 Year Change-24.36%
3 Year Change43.07%
5 Year Change143.31%
Change since IPO-53.70%

Recent News & Updates

Nov 06

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.

Shareholder Returns

SMITUS ElectronicUS Market
7D-3.3%2.6%2.6%
1Y-24.4%35.2%31.1%

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.

Price Volatility

Is SMIT's price volatile compared to industry and market?
SMIT volatility
SMIT Beta0.94
Industry Beta1.33
Market Beta1

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

FoundedEmployeesCEOWebsite
1984138Mike Zapatahttps://www.schmittindustries.com

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

How do Schmitt Industries's earnings and revenue compare to its market cap?
SMIT fundamental statistics
Market CapUS$14.52m
Earnings (TTM)-US$8.09m
Revenue (TTM)US$7.86m

1.8x

P/S Ratio

-1.8x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SMIT income statement (TTM)
RevenueUS$7.86m
Cost of RevenueUS$4.59m
Gross ProfitUS$3.27m
ExpensesUS$11.36m
Earnings-US$8.09m

Last Reported Earnings

May 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-2.13
Gross Margin41.59%
Net Profit Margin-102.87%
Debt/Equity Ratio100.7%

How did SMIT perform over the long term?

See historical performance and comparison

Valuation

Is Schmitt Industries undervalued compared to its fair value and its price relative to the market?

3.85x

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).


Future Growth

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

20.7%

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.


Past Performance

How has Schmitt Industries performed over the past 5 years?

-41.0%

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.


Financial Health

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.


Balance Sheet


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


Dividend

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.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.3yrs

Average management tenure


CEO

Mike Zapata (42 yo)

2.25yrs

Tenure

US$429,420

Compensation

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.


Leadership Team

Experienced Management: SMIT's management team is considered experienced (2.3 years average tenure).


Board Members

Experienced Board: SMIT's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.


Ownership

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

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Schmitt Industries, Inc.'s employee growth, exchange listings and data sources


Key Information

  • 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


Location

  • Schmitt Industries, Inc.
  • 2765 N.W. Nicolai Street
  • Portland
  • Oregon
  • 97210
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/21 22:54
End of Day Share Price2021/10/21 00:00
Earnings2021/05/31
Annual Earnings2021/05/31


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.