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Smith-Midland
(NASDAQ:SMID)
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Rating:69Neutral
Price Target:
$30.00
▼(-0.92% Downside)
Action:Reiterated
Date:07/24/26
The score is primarily supported by strong profitability and a low-leverage balance sheet, but is held back by weaker recent revenue trends and uneven free-cash-flow conversion. Technically, the stock shows only modest near-term strength while remaining below longer-term moving averages, and valuation appears moderate based on the provided P/E.
Positive Factors
Conservative Balance Sheet
Low leverage and a meaningful increase in equity versus 2023–2024 provide durable financial flexibility. This thicker capital cushion helps fund working capital and capex, absorb project timing volatility, and supports sustained shareholder returns and strategic investments.
Negative Factors
Weaker Revenue Trend
TTM revenue decline versus the prior period suggests demand normalization or timing shifts in project awards. For a project-driven firm, sustained revenue weakness can lower utilization, slow scale benefits, and constrain long-term top-line growth prospects.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative Balance Sheet
Low leverage and a meaningful increase in equity versus 2023–2024 provide durable financial flexibility. This thicker capital cushion helps fund working capital and capex, absorb project timing volatility, and supports sustained shareholder returns and strategic investments.
Read all positive factors
Smith-Midland (SMID) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$143.99M
Dividend YieldN/A
Average Volume (3M)9.66K
Price to Earnings (P/E)13.7
Beta (1Y)1.77
Revenue Growth9.32%
EPS Growth6.78%
CountryUS
Employees184
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 Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
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 (1) selling and (2) leasing precast concrete products and related engineered systems, and by providing associated services that support deployment on customer job sites. Key revenue streams include: (a) Produ...
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 | 20.14M | 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
30.28
Price Trends
29.66
Negative
30.51
Negative
33.05
Negative
Market Momentum
-0.48
Positive
47.64
Neutral
35.42
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 30.28 is above the 20-day moving average (MA) of 28.97, above the 50-day MA of 29.66, and below the 200-day MA of 33.05, indicating a bearish trend. The MACD of -0.48 indicates Positive momentum. The RSI at 47.64 is Neutral, neither overbought nor oversold. The STOCH value of 35.42 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 |
|---|---|---|---|---|---|---|---|
78 Outperform | $3.16B | 23.52 | 20.76% | 0.22% | 7.00% | 7.12% | |
71 Outperform | $31.54B | 12.88 | 23.11% | 0.59% | 0.06% | 125.23% | |
70 Outperform | $1.09B | 15.98 | 16.38% | 5.09% | 20.05% | 7.67% | |
69 Neutral | $143.99M | 13.70 | 19.91% | ― | 9.32% | 6.78% | |
62 Neutral | $6.29B | 16.11 | 26.87% | 0.47% | 1.68% | -7.06% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
52 Neutral | $1.42B | 53.91 | 3.73% | ― | -8.04% | -72.35% |
* Basic Materials Sector Average
SMID
Smith-Midland
28.66
-9.74
-25.36%
CPAC
Cementos Pacasmayo SAA
11.76
5.94
102.06%
EXP
Eagle Materials
214.29
-6.93
-3.13%
MLM
Martin Marietta Materials
548.57
-48.17
-8.07%
USLM
United States Lime & Minerals
120.07
7.30
6.47%
LOMA
Loma Negra Compania Industrial Argentina Sociedad Anonima
10.44
-0.89
-7.86%
Smith-Midland Corporate Events
Business Operations and StrategyExecutive/Board ChangesShareholder Meetings
Smith-Midland Shareholders Approve Directors and 2026 Incentive Plan
Positive
Jul 23, 2026
On July 16, 2026, Smith-Midland Corporation stockholders elected the company’s slate of directors, including Ashley B. Smith, James Russell Bruner, Matthew I. Smith, Read Van de Water, and Richard Gerhardt, to serve until the next annual mee...
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.