Smith-Midland Corporation (SMID)
NASDAQ:SMID
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Smith-Midland
(NASDAQ:SMID)
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Rating:57Neutral
Price Target:
$33.00
▼(-4.01% Downside)
Action:ReiteratedDate:04/15/26
The score is primarily supported by strong reported earnings momentum and a low-leverage balance sheet, but it is held back materially by weak/negative recent free cash flow and mixed technicals (below key longer-term moving averages with negative MACD). Valuation cannot be reliably assessed with the provided P/E and dividend data.
Positive Factors
Public infrastructure contract wins
Winning a $5.4M state DOT project and multiple public works contracts shows durable demand from infrastructure budgets. Multi-month production and delivery timelines provide visible, recurring factory utilization and revenue backlog tied to long-lived public programs.
Negative Factors
Negative free cash flow trend
Two consecutive years of materially negative free cash flow despite reported net income indicate weak earnings-to-cash conversion and working-capital or reinvestment pressure. Persistent negative FCF can force external financing, constrain capital projects, or limit shareholder returns.
Read all positive and negative factors
Positive Factors
Negative Factors
Public infrastructure contract wins
Winning a $5.4M state DOT project and multiple public works contracts shows durable demand from infrastructure budgets. Multi-month production and delivery timelines provide visible, recurring factory utilization and revenue backlog tied to long-lived public programs.
Read all positive factors
Smith-Midland (SMID) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$168.32M
Dividend YieldN/A
Average Volume (3M)9.66K
Price to Earnings (P/E)15.4
Beta (1Y)1.61
Revenue Growth16.37%
EPS Growth81.03%
CountryUS
Employees172
SectorBasic Materials
Sector Strength58
IndustryConstruction Materials
Share Statistics
EPS (TTM)0.40
Shares Outstanding5,304,606
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 Cap1.03
Enterprise Value/Revenue1.85
Enterprise Value/Gross Profit6.64
Enterprise Value/Ebitda10.16
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 (SMID) is a leading manufacturer of precast concrete products, specializing in providing innovative solutions for the construction and infrastructure sectors. Founded in 1960, the company operates primarily in the United ...
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
82
Very Positive
Balance Sheet
86
Very Positive
Cash Flow
38
Negative
| Breakdown | Dec 2025 | 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 | 17.03M | 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
Neutral
34.38
Price Trends
32.84
Negative
33.97
Negative
35.97
Negative
Market Momentum
-0.48
Negative
53.88
Neutral
77.21
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SMID, the sentiment is Neutral. The current price of 34.38 is above the 20-day moving average (MA) of 30.04, above the 50-day MA of 32.84, and below the 200-day MA of 35.97, indicating a neutral trend. The MACD of -0.48 indicates Negative momentum. The RSI at 53.88 is Neutral, neither overbought nor oversold. The STOCH value of 77.21 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 |
|---|---|---|---|---|---|---|---|
75 Outperform | $3.84B | 28.06 | 23.07% | 0.19% | 20.27% | 31.94% | |
72 Outperform | $37.21B | 33.02 | 11.90% | 0.51% | 1.99% | -41.08% | |
70 Outperform | $6.20B | 16.19 | 28.78% | 0.47% | 1.50% | -4.44% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
60 Neutral | $971.23M | 20.64 | 11.98% | 5.46% | 9.24% | 24.01% | |
57 Neutral | $168.32M | 15.42 | 24.92% | ― | 16.37% | 81.03% | |
49 Neutral | $1.45B | 86.87 | 2.03% | ― | -33.99% | -61.41% |
* Basic Materials Sector Average
SMID
Smith-Midland
33.98
4.54
15.42%
CPAC
Cementos Pacasmayo SAA
10.72
5.50
105.36%
EXP
Eagle Materials
201.28
-6.58
-3.17%
MLM
Martin Marietta Materials
622.02
139.54
28.92%
USLM
United States Lime & Minerals
139.46
52.88
61.07%
LOMA
Loma Negra Compania Industrial Argentina Sociedad Anonima
11.43
1.08
10.43%
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.