A Business at a Glance
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SMITH MIDLAND CORP operates in the Concrete Products, Except Block & Brick industry, Materials sector. Full business description from SEC filing not yet available.
| Metric | TTM | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | 89M | 79M | 60M | 50M | 51M | 44M |
| Net Income | 12M | 7.7M | 795K | 800K | 7.6M | 2.7M |
| EPS | $2.21 | $1.45 | $0.15 | $0.15 | $1.44 | $0.51 |
| Free Cash Flow | 0 | -1.0M | 2.7M | -9.1M | 3.8M | 4.9M |
| ROIC | 30.5% | 22.5% | 2.2% | 2.3% | 23.4% | 9.5% |
| Gross Margin | 28.0% | 25.5% | 17.9% | 18.9% | 28.5% | 25.2% |
| Debt/Equity | 0.00 | 0.11 | 0.15 | 0.17 | 0.12 | 0.18 |
| Dividends/Share | $0.00 | - | - | - | - | $0.05 |
| Operating Income | 16M | 9.9M | 1.1M | 854K | 6.2M | 3.8M |
| Operating Margin | 17.6% | 12.6% | 1.9% | 1.7% | 12.2% | 8.6% |
| ROE | 22.6% | 20.2% | 2.3% | 2.4% | 23.8% | 11.3% |
| Shares Outstanding | 5M | 5M | 5M | 5M | 5M | 5M |
SMITH MIDLAND CORP passes 4 of 9 quality checks, suggesting mixed fundamentals.
SMITH MIDLAND CORP trades at 17.4x trailing earnings, compared to its 15-year median P/E of 17.3x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 54.0x vs a median of 39.2x. The company's 5-year average ROIC is 12.0% with a gross margin of 23.2%. At current prices, the estimated annualized return to fair value is +5.3%.
SMITH MIDLAND CORP (SMID) has a current P/E ratio of 17.4, compared to its historical median P/E of 17.3. The stock is currently considered Fair based on its historical valuation range.
SMITH MIDLAND CORP (SMID) has a 5-year average return on invested capital (ROIC) of 12.0%. This indicates solid capital allocation.
SMITH MIDLAND CORP (SMID) has a market capitalization of $170M. It is classified as a small-cap stock.
SMITH MIDLAND CORP (SMID) does not currently pay a regular dividend.
Based on historical P/E analysis, SMITH MIDLAND CORP (SMID) appears fair. The current P/E of 17.4 is 0% above its historical median of 17.3. The estimated fair value CAGR (P/E method) is 9.8%.
SMITH MIDLAND CORP (SMID) operates in the Concrete Products, Except Block & Brick industry, within the Materials sector.
SMITH MIDLAND CORP (SMID) reported annual revenue of $79 million in its most recent fiscal year, based on SEC EDGAR filings.
SMITH MIDLAND CORP (SMID) has a net profit margin of 9.8%. This is a modest margin.
SMITH MIDLAND CORP (SMID) generated $-1 million in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
SMITH MIDLAND CORP (SMID) has a debt-to-equity ratio of 0.11. This indicates a conservatively financed balance sheet.
SMITH MIDLAND CORP (SMID) reported earnings per share (EPS) of $1.45 in its most recent fiscal year.
SMITH MIDLAND CORP (SMID) has a return on equity (ROE) of 20.2%. This indicates the company generates strong returns for shareholders.
SMITH MIDLAND CORP (SMID) has a 5-year average gross margin of 23.2%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 14 years of financial data for SMITH MIDLAND CORP (SMID), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
SMITH MIDLAND CORP (SMID) has a book value per share of $7.87, based on its most recent annual SEC filing.
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