Smith-Midland Corporation (SMID)
NASDAQ:SMID
Want to see SMID full AI Analyst Report?
Top Page
Smith-Midland
(NASDAQ:SMID)
Select Model
Select Model
Rating:68Neutral
Price Target:
$35.00
▲(1.80% Upside)
Action:Reiterated
Date:06/10/26
The score is primarily supported by strong profitability and a very low-debt balance sheet. It is tempered by weaker and more volatile free-cash-flow conversion, and a mixed technical picture (negative MACD and longer-term averages still above the current price). Valuation is reasonable at a mid-teens P/E.
Positive Factors
Conservative balance sheet
Smith-Midland's low leverage and meaningful equity expansion increase financial flexibility and downside protection. A conservative balance sheet supports bidding on multi-year infrastructure projects, funds capital needs without excessive borrowing, and cushions results in construction cycles.
Negative Factors
Weak/volatile free cash flow
Meaningful gaps and volatility between net income and free cash flow limit the company’s ability to convert earnings into cash for debt reduction, capital expenditure, or distributions. Persistent FCF weakness raises funding risk for growth and makes earnings less resilient across cycles.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Smith-Midland's low leverage and meaningful equity expansion increase financial flexibility and downside protection. A conservative balance sheet supports bidding on multi-year infrastructure projects, funds capital needs without excessive borrowing, and cushions results in construction cycles.
Read all positive factors
Smith-Midland (SMID) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$154.16M
Dividend YieldN/A
Average Volume (3M)9.66K
Price to Earnings (P/E)15.2
Beta (1Y)1.72
Revenue Growth9.32%
EPS Growth6.78%
CountryUS
Employees172
SectorBasic Materials
Sector Strength58
IndustryConstruction Materials
Share Statistics
EPS (TTM)1.98
Shares Outstanding5,306,554
10 Day Avg. Volume11,330
30 Day Avg. Volume9,659
Financial Highlights & Ratios
PEG Ratio0.25
Price to Book (P/B)3.55
Price to Sales (P/S)2.06
P/FCF Ratio38.84
Enterprise Value/Market Cap0.93
Enterprise Value/Revenue1.55
Enterprise Value/Gross Profit6.13
Enterprise Value/Ebitda8.13
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Smith-Midland Business Overview & Revenue Model
Company Description
Smith-Midland Corporation, operating through its subsidiaries, specializes in the comprehensive provision of precast concrete solutions. This involves the invention, development, manufacturing, marketing, leasing, licensing, selling, and installat...
How the Company Makes Money
Smith-Midland makes money primarily by manufacturing and selling precast concrete products and related systems to construction-industry customers (e.g., general contractors, developers, and public-works/highway project stakeholders). Its core reve...
Smith-Midland Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
86
Very Positive
Cash Flow
64
Positive
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 93.45M | 78.51M | 59.58M | 50.13M | 50.64M |
| Gross Profit | 26.04M | 20.01M | 10.65M | 9.47M | 14.42M |
| EBITDA | 19.88M | 12.71M | 3.96M | 4.10M | 11.96M |
| Net Income | 12.51M | 7.67M | 795.00K | 800.00K | 7.57M |
Balance Sheet | |||||
| Total Assets | 87.73M | 67.99M | 61.35M | 54.31M | 53.27M |
| Cash, Cash Equivalents and Short-Term Investments | 11.88M | 7.55M | 9.18M | 6.73M | 13.49M |
| Total Debt | 4.54M | 5.21M | 5.77M | 6.47M | 4.35M |
| Total Liabilities | 33.42M | 26.25M | 27.19M | 21.26M | 21.52M |
| Stockholders Equity | 54.30M | 41.74M | 34.16M | 33.05M | 31.75M |
Cash Flow | |||||
| Free Cash Flow | 4.96M | -1.04M | 2.72M | -9.08M | 3.76M |
| Operating Cash Flow | 14.30M | 5.16M | 7.73M | -6.33M | 9.13M |
| Investing Cash Flow | -9.32M | -6.15M | -4.66M | -2.63M | -3.65M |
| Financing Cash Flow | -647.00K | -635.00K | -619.00K | 2.20M | -744.00K |
Smith-Midland Technical Analysis
Negative
34.38
Price Trends
31.62
Negative
32.40
Negative
34.44
Negative
Market Momentum
-0.51
Positive
48.93
Neutral
36.94
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SMID, the sentiment is Negative. The current price of 34.38 is above the 20-day moving average (MA) of 30.49, above the 50-day MA of 31.62, and below the 200-day MA of 34.44, indicating a bearish trend. The MACD of -0.51 indicates Positive momentum. The RSI at 48.93 is Neutral, neither overbought nor oversold. The STOCH value of 36.94 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SMID.
Smith-Midland Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | $36.62B | 14.37 | 25.07% | 0.51% | -1.28% | 140.98% | |
68 Neutral | $154.16M | 15.24 | 19.91% | ― | 9.32% | 6.78% | |
67 Neutral | $1.08B | 18.91 | 14.22% | 5.46% | 16.65% | -3.36% | |
67 Neutral | $3.19B | 23.16 | 21.28% | 0.19% | 9.49% | 8.32% | |
65 Neutral | $6.91B | 16.75 | 28.27% | 0.47% | 2.13% | -4.85% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
52 Neutral | $1.44B | 56.44 | 3.73% | ― | -8.04% | -72.35% |
* Basic Materials Sector Average
SMID
Smith-Midland
30.18
-1.09
-3.49%
CPAC
Cementos Pacasmayo SAA
12.01
6.56
120.37%
EXP
Eagle Materials
221.09
16.13
7.87%
MLM
Martin Marietta Materials
604.18
54.75
9.96%
USLM
United States Lime & Minerals
105.83
7.05
7.13%
LOMA
Loma Negra Compania Industrial Argentina Sociedad Anonima
12.20
0.51
4.36%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.