SMID - Smith-Midland Corp. Stock Price, Fair Value and News

36.89USD-0.14 (-0.38%)Market Closed

Market Summary

USD36.89-0.14

Market Closed

-0.38%

SMID Stock Price

View Fullscreen

SMID RSI Chart

SMID Valuation

Market Cap

193.9M

Price/Earnings (Trailing)

370.06

Price/Sales (Trailing)

3.64

EV/EBITDA

59.56

Price/Free Cashflow

-78.46

SMID Price/Sales (Trailing)

SMID Profitability

EBT Margin

1.07%

Return on Equity

1.68%

Return on Assets

0.99%

Free Cashflow Yield

-1.27%

SMID Fundamentals

SMID Revenue

Revenue (TTM)

57.7M

Rev. Growth (Yr)

30.9%

Rev. Growth (Qtr)

6.48%

SMID Earnings

Earnings (TTM)

568.0K

Earnings Growth (Yr)

25.2K%

Earnings Growth (Qtr)

261.89%

Breaking Down SMID Revenue

Last 7 days

1.0%

Last 30 days

-16.1%

Last 90 days

-10%

Trailing 12 Months

150.8%

How does SMID drawdown profile look like?

SMID Financial Health

Current Ratio

2.31

SMID Investor Care

Shares Dilution (1Y)

0.51%

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2023	52.5M	54.0M	57.7M	0
2022	45.9M	46.8M	45.7M	50.1M
2021	49.3M	51.1M	51.7M	50.6M
2020	46.3M	45.9M	45.2M	43.9M
2019	41.3M	42.3M	46.0M	46.7M
2018	41.3M	40.4M	38.5M	40.2M
2017	40.0M	41.1M	43.1M	41.7M
2016	33.1M	35.8M	34.9M	38.6M
2015	21.0M	21.5M	25.9M	29.2M
2014	26.5M	26.7M	25.8M	22.5M
2013	25.8M	25.3M	24.7M	27.7M
2012	25.1M	24.6M	26.0M	24.9M
2011	0	31.4M	29.9M	26.7M
2010	0	0	0	0

Get all data in R, Python etc through our Historical Stock Data APIs

GRUFITY'S FAIR VALUE MODEL

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

Very Expensive Stocks

Very Cheap Stocks

Try For Just $1.99

Tracking the Latest Insider Buys and Sells of Smith-Midland Corp.

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Dec 14, 2023	smith rodney i	gifted	-	-	-40,000	-
Dec 14, 2023	bruner james russell	acquired	-	-	423	-
Dec 14, 2023	taylor wesley a	acquired	-	-	423	-
Dec 14, 2023	gerhardt richard	acquired	-	-	423	-
Jun 08, 2023	taylor wesley a	sold	-64,997	17.567	-3,700	-
Jun 07, 2023	taylor wesley a	sold	-22,672	17.44	-1,300	-
Dec 08, 2022	taylor wesley a	sold (taxes)	-13,562	19.8577	-683	-
Dec 08, 2022	smith ashley b	sold (taxes)	-25,815	19.8577	-1,300	chief executive officer
Dec 08, 2022	gerhardt richard	sold (taxes)	-8,770	19.754	-444	-
Dec 08, 2022	krick adam jay	sold (taxes)	-21,585	19.8577	-1,087	chief financial officer

Which funds bought or sold SMID recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 23, 2024	RICE HALL JAMES & ASSOCIATES, LLC	added	0.13	305,888	1,907,810	0.11%
Apr 19, 2024	CALDWELL SUTTER CAPITAL, INC.	unchanged	-	54,395	341,639	0.16%
Apr 10, 2024	Buckingham Capital Management, Inc.	unchanged	-	74,800	469,800	0.06%
Apr 09, 2024	ADIRONDACK TRUST CO	unchanged	-	380	15,500	0.01%
Mar 11, 2024	VANGUARD GROUP INC	added	1.2	4,159,710	7,931,960	-%
Feb 16, 2024	HARBOUR INVESTMENTS, INC.	added	68.66	6,380	8,927	-%
Feb 15, 2024	BARCLAYS PLC	new	-	152,000	152,000	-%
Feb 15, 2024	JANE STREET GROUP, LLC	new	-	493,514	493,514	-%
Feb 14, 2024	Kestra Advisory Services, LLC	new	-	275,157	275,157	-%
Feb 14, 2024	Royal Bank of Canada	added	7.64	13,000	24,000	-%

Are Funds Buying or Selling SMID?

Are funds buying SMID calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own SMID

No. of Funds

Unveiling Smith-Midland Corp.'s Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Mar 07, 2024	thompson davis & co., inc.	537%	1,527,191	SC 13D/A
Feb 05, 2024	thompson davis & co., inc.	27.37%	1,465,256	SC 13D/A
Jan 23, 2024	smith rodney i	10.5%	549,499	SC 13G
Jan 03, 2024	thompson davis & co., inc.	25.3%	1,356,453	SC 13D/A
Dec 05, 2023	thompson davis & co., inc.	24.29%	1,300,088	SC 13D/A
Oct 03, 2023	thompson davis & co., inc.	22.92%	1,226,980	SC 13D/A
Aug 08, 2023	thompson davis & co., inc.	21.52%	1,151,740	SC 13D/A
May 16, 2023	thompson davis & co., inc.	20.03%	1,072,191	SC 13D/A
Feb 13, 2023	smith rodney i	11.3%	589,499	SC 13G
Jan 31, 2022	wax asset management, llc	0%	0	SC 13G/A

Recent SEC filings of Smith-Midland Corp.

View All Filings

Date Filed	Form Type	Document
Apr 25, 2024	8-K	Current Report
Apr 01, 2024	NT 10-K	NT 10-K
Mar 07, 2024	SC 13D/A	13D - Major Acquisition
Feb 05, 2024	SC 13D/A	13D - Major Acquisition
Jan 25, 2024	8-K	Current Report
Jan 23, 2024	SC 13G	Major Ownership Report

Peers (Alternatives to Smith-Midland Corp.)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
MLM	37.4B	6.8B	-1.20%	68.84%	31.97	5.51	10.01%	34.85%
VMC	34.5B	7.8B	-4.25%	51.00%	37.01	4.44	6.38%	62.13%
MID-CAP
EXP	8.8B	2.3B	-4.63%	74.75%	17.65	3.93	7.73%	15.02%
BCC	5.5B	6.8B	-8.18%	109.42%	11.4	0.81	-18.47%	-43.61%
TGLS	2.6B	833.3M	5.41%	31.87%	14.26	3.13	16.29%	17.39%
SMALL-CAP
USLM	1.7B	281.3M	3.02%	89.52%	23.47	6.22	19.13%	64.10%
SMID	193.9M	57.7M	-16.08%	150.78%	370.06	3.64	26.32%	-30.73%

Smith-Midland Corp. News

Latest updates

Smith-Midland Corp. Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Income Statement (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4	2018Q3
Revenue	6.5%	15,651	14,698	12,842	14,487	11,956	13,253	10,435	10,017	13,100	12,307	15,218	11,073	12,515	10,450	9,825	12,442	13,209	10,852	10,189	11,718	9,544
Cost Of Revenue	-	-	-	-	-	-	10,023	8,787	-	9,898	8,993	9,496	-	8,674	8,073	-	-	-	-	-	-	-
Gross Profit	100.3%	3,577	1,786	2,166	2,509	2,082	3,230	1,648	2,183	3,202	3,314	5,722	3,224	3,841	2,377	1,600	2,998	2,593	2,156	2,222	3,413	2,593
Operating Expenses	-25.0%	2,075	2,767	2,112	2,582	2,078	2,134	1,821	2,362	1,934	2,036	1,920	2,046	1,792	1,804	1,642	2,025	1,840	1,783	1,775	2,219	1,929
S&GA Expenses	0.6%	888	883	762	828	849	725	662	826	719	696	595	609	521	574	591	612	717	640	567	686	624
EBITDA Margin	58.7%	0.06*	0.04*	0.08*	0.08*	0.09*	0.17*	0.18*	0.24*	0.26*	0.22*	0.21*	0.15*	0.13*	-	-	-	-	-	-	-	-
Interest Expenses	0%	64.00	64.00	64.00	73.00	69.00	71.00	48.00	45.00	47.00	56.00	42.00	51.00	53.00	57.00	56.00	52.00	43.00	40.00	44.00	42.00	44.00
Income Taxes	324.5%	247	-110	23.00	-110	-12.00	307	-40.00	284	442	328	-	833	469	130	-11.00	185	179	86.00	99.00	310	172
Earnings Before Taxes	269.6%	1,513	-892	103	-106	-7.00	1,217	-159	-163	4,136	1,313	3,808	1,252	2,018	571	-49.00	932	758	374	430	1,208	692
EBT Margin	164.0%	0.01*	-0.02*	0.02*	0.02*	0.02*	0.11*	0.11*	0.18*	0.20*	0.16*	0.16*	0.09*	0.08*	-	-	-	-	-	-	-	-
Net Income	261.9%	1,266	-782	80.00	4.00	5.00	910	-119	24.00	3,694	985	2,867	713	1,549	441	-38.00	742	579	288	340	897	520
Net Income Margin	176.7%	0.01*	-0.01*	0.02*	0.02*	0.02*	0.10*	0.10*	0.15*	0.16*	0.12*	0.11*	0.06*	0.06*	-	-	-	-	-	-	-	-
Free Cashflow	48.0%	1,224	827	-2,719	-2,011	-2,425	-3,258	-1,389	-2,593	1,576	850	3,926	1,383	3,221	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4	2018Q3
Assets	3.5%	58.00	56.00	56.00	54.00	54.00	55.00	57.00	53.00	55.00	53.00	51.00	46.00	46.00	44.00	40.00	42.00	40.00	39.00	39.00	41.00	35.00
Current Assets	5.0%	30.00	28.00	31.00	29.00	29.00	30.00	32.00	28.00	33.00	30.00	28.00	23.00	22.00	20.00	17.00	19.00	18.00	18.00	18.00	22.00	19.00
Cash Equivalents	23.7%	6.00	5.00	4.00	7.00	11.00	12.00	15.00	13.00	15.00	13.00	13.00	9.00	7.00	4.00	2.00	1.00	1.00	2.00	3.00	2.00	3.00
Net PPE	2.0%	27.00	27.00	26.00	25.00	24.00	23.00	22.00	22.00	18.00	19.00	19.00	19.00	19.00	19.00	18.00	18.00	17.00	16.00	15.00	14.00	11.00
Liabilities	2.5%	24.00	23.00	23.00	21.00	21.00	22.00	25.00	22.00	24.00	25.00	25.00	23.00	23.00	23.00	20.00	21.00	20.00	20.00	20.00	23.00	17.00
Current Liabilities	-0.6%	13.00	13.00	13.00	11.00	11.00	11.00	15.00	14.00	13.00	14.00	12.00	9.00	9.00	10.00	8.00	10.00	10.00	9.00	9.00	12.00	7.00
Shareholder's Equity	4.2%	34.00	32.00	33.00	33.00	33.00	33.00	32.00	32.00	31.00	28.00	27.00	24.00	23.00	21.00	21.00	21.00	20.00	20.00	19.00	19.00	18.00
Retained Earnings	5.1%	26.00	25.00	26.00	26.00	26.00	26.00	25.00	25.00	25.00	21.00	20.00	17.00	17.00	15.00	15.00	15.00	14.00	14.00	13.00	13.00	12.00
Additional Paid-In Capital	1.2%	8.00	8.00	8.00	7.00	7.00	7.00	7.00	7.00	7.00	7.00	6.00	6.00	6.00	6.00	6.00	6.00	6.00	6.00	6.00	6.00	6.00
Shares Outstanding	0.0%	5.00	5.00	5.00	5.00	5.00	5.00	5.00	5.00	5.00	5.00	5.00	5.00	-	-	-	-	-	-	-	-	-
Float	-	-	-	-	-	-	48.00	-	-	-	87.00	-	-	-	30.00	-	-	-	31.00	-	-	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4	2018Q3
Cashflow From Operations	-9.7%	2,381	2,637	-1,555	-3,001	-648	-1,492	-1,193	1,564	1,860	1,400	4,302	1,509	3,396	1,326	1,256	942	854	-323	2,459	2,754	4,071
Share Based Compensation	4.7%	90.00	86.00	85.00	127	126	126	126	273	86.00	131	41.00	163	-	-	-	47.00	69.00	70.00	84.00	-14.00	70.00
Cashflow From Investing	34.8%	-1,104	-1,693	-1,082	-904	-818	-752	-157	-2,890	87.00	-514	-337	-42.00	-109	-1,634	-636	-1,112	-1,263	-953	-1,413	-4,594	-2,056
Cashflow From Financing	-1.3%	-155	-153	-153	-177	-151	-149	2,676	-177	-146	-226	-195	-152	-242	2,514	214	515	-213	-116	41.00	1,099	-167
Dividend Payments	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	282	-	-	-	281	-	-

SMID Income Statement

2023-09-30

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Revenue
Product sales	$ 10,898	$ 7,076	$ 29,842	$ 19,714
Barrier rentals	784	1,369	2,604	4,816
Royalty income	822	833	1,827	2,031
Shipping and installation revenue	3,147	2,678	8,918	9,083
Total revenue	15,651	11,956	43,191	35,644
Cost of goods sold	12,074	9,874	35,662	28,683
Gross profit	3,577	2,082	7,529	6,961
Operating expenses
General and administrative expenses	1,187	1,229	4,420	3,797
Selling expenses	888	849	2,533	2,236
Total operating expenses	2,075	2,078	6,953	6,033
Operating income (loss)	1,502	4	576	928
Other income (expense)
Interest expense	(64)	(69)	(192)	(187)
Interest income	6	3	17	9
Gain on sale of assets	53	29	252	94
Other income	16	26	72	208
Total other income (expense)	11	(11)	149	124
Income (loss) before income tax expense (benefit)	1,513	(7)	725	1,052
Income tax expense (benefit)	247	(12)	160	256
Net income (loss)	$ 1,266	$ 5	$ 565	$ 796
Basic and diluted earnings (loss) per common share	$ 0.24	$ 0.00	$ 0.11	$ 0.15
Weighted average number of common shares outstanding:
Basic	5,256	5,231	5,256	5,230
Diluted	5,298	5,286	5,293	5,281

SMID Balance Sheet

2023-09-30

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Current assets
Cash	$ 5,849	$ 6,726
Accounts receivable, net
Trade - billed (less allowance for credit losses of approximately $792 and $781, respectively), including contract retentions	16,842	16,223
Trade - unbilled	1,244	990
Inventories, net
Raw materials	1,965	1,776
Finished goods	2,243	2,042
Prepaid expenses	1,274	706
Refundable income taxes	476	477
Total current assets	29,893	28,940
Property and equipment, net	27,412	25,124
Other assets	349	249
Total assets	57,654	54,313
Current liabilities
Accounts payable - trade	5,476	5,816
Accrued expenses and other liabilities	1,182	799
Deferred revenues	2,153	2,243
Accrued compensation	774	788
Accrued income taxes	235	146
Operating lease liabilitiess	42	77
Current maturities of notes payable	627	618
Customer deposits	2,436	737
Total current liabilities	12,925	11,224
Deferred revenue	3,552	2,174
Operating lease liabilities	13	45
Notes payable - less current maturities	5,260	5,730
Deferred tax liability	2,086	2,085
Total liabilities	23,836	21,258
Stockholders' equity
Preferred stock, $.01 par value; authorized 1,000,000 shares, none issued and outstanding	0	0
Common stock, $.01 par value; authorized 8,000,000 shares; 5,348,189 and 5,345,189 issued and 5,257,413 and 5,256,413 outstanding, respectively	54	53
Additional paid-in capital	7,701	7,440
Treasury stock, at cost, 40,920 shares	(102)	(102)
Retained earnings	26,165	25,664
Total stockholders' equity	33,818	33,055
Total liabilities and stockholders' equity	$ 57,654	$ 54,313

About Smith-Midland Corp.

Smith-Midland Corporation, through its subsidiaries, invents, develops, manufactures, markets, leases, licenses, sells, and installs precast concrete products and systems primarily for use in the construction, highway, utilities, and farming industries. It offers SlenderWall, a patented, lightweight, energy efficient concrete and steel exterior wall panel for use in building construction; 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. In addition, it licenses its proprietary products in the United States, Canada, Australia, Belgium, Mexico, New Zealand, and Trinidad. The company markets its products through in-house sales force and independent sales representatives to contractors performing public and private construction contracts, such as construction of commercial buildings, public and private roads and highways, airports, and municipal utilities; and federal, state, and local transportation authorities. Smith-Midland Corporation was founded in 1960 and is based in Midland, Virginia.

CEO	Mr. Ashley B. Smith
WEBSITE	https://smithmidland.com
INDUSTRY	Building Materials
EMPLOYEES	178

Smith-Midland Corp. Frequently Asked Questions

What is the ticker symbol for Smith-Midland Corp.? What does SMID stand for in stocks?

SMID is the stock ticker symbol of Smith-Midland Corp.. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Smith-Midland Corp. (SMID)?

As of Fri Apr 26 2024, market cap of Smith-Midland Corp. is 193.95 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of SMID stock?

You can check SMID's fair value in chart for subscribers.

What is the fair value of SMID stock?

You can check SMID's fair value in chart for subscribers. The fair value of Smith-Midland Corp. is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Smith-Midland Corp. is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for SMID so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Smith-Midland Corp. a good stock to buy?

The fair value guage provides a quick view whether SMID is over valued or under valued. Whether Smith-Midland Corp. is cheap or expensive depends on the assumptions which impact Smith-Midland Corp.'s fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for SMID.

What is Smith-Midland Corp.'s Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri Apr 26 2024, SMID's PE ratio (Price to Earnings) is 370.06 and Price to Sales (PS) ratio is 3.64. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. SMID PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Smith-Midland Corp.'s stock?

In the past 10 years, Smith-Midland Corp. has provided 0.326 (multiply by 100 for percentage) rate of return.