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Smith-Midland
(NASDAQ:SMID)
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Rating:67Neutral
Price Target:
$24.00
â–¼(-12.85% Downside)
Action:Reiterated
Date:08/17/26
The score is driven primarily by solid underlying financial stability and prior profitability gains, supported by low leverage, but tempered by the recent TTM slowdown (margin compression and weaker free-cash-flow conversion). Technicals are a notable drag given the stock’s position below key moving averages and negative MACD, while valuation is moderate and corporate events are mildly supportive but not transformative.
Positive Factors
Low leverage
Very low leverage and materially higher equity provide financial resilience and flexibility. The company has greater capacity to withstand operating volatility, support its asset base, and fund opportunities without relying heavily on debt or refinancing.
Negative Factors
Recent margin compression
The latest TTM step-down in revenue and margins shows that the strong improvement through 2025 has not yet proven fully sustainable. Lower profitability can reduce reinvestment capacity and weaken earnings power if demand, mix, or cost pressure persists.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage
Very low leverage and materially higher equity provide financial resilience and flexibility. The company has greater capacity to withstand operating volatility, support its asset base, and fund opportunities without relying heavily on debt or refinancing.
Read all positive factors
Smith-Midland (SMID) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$119.78M
Dividend Yield0.93%
Average Volume (3M)13.67K
Price to Earnings (P/E)15.3
Beta (1Y)1.55
Revenue Growth-1.65%
EPS Growth-35.86%
CountryUS
Employees184
SectorBasic Materials
Sector Strength58
IndustryConstruction Materials
Share Statistics
EPS (TTM)1.45
Shares Outstanding5,304,606
10 Day Avg. Volume15,569
30 Day Avg. Volume13,666
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 Cap1.23
Enterprise Value/Revenue1.65
Enterprise Value/Gross Profit7.02
Enterprise Value/Ebitda10.21
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
72
Positive
Balance Sheet
86
Very Positive
Cash Flow
63
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 89.50M | 93.45M | 78.51M | 59.58M | 50.13M | 50.64M |
| Gross Profit | 21.00M | 26.04M | 20.01M | 10.65M | 9.47M | 14.42M |
| EBITDA | 14.44M | 20.14M | 12.71M | 3.98M | 4.09M | 11.96M |
| Net Income | 7.73M | 12.51M | 7.67M | 795.00K | 800.00K | 7.57M |
Balance Sheet | ||||||
| Total Assets | 86.69M | 87.73M | 67.99M | 61.35M | 54.31M | 53.27M |
| Cash, Cash Equivalents and Short-Term Investments | 10.66M | 11.88M | 7.55M | 9.18M | 6.73M | 13.49M |
| Total Debt | 4.22M | 4.54M | 5.21M | 5.77M | 6.47M | 4.35M |
| Total Liabilities | 29.65M | 33.42M | 26.25M | 27.19M | 21.26M | 21.52M |
| Stockholders Equity | 57.04M | 54.30M | 41.74M | 34.16M | 33.05M | 31.75M |
Cash Flow | ||||||
| Free Cash Flow | 4.17M | 4.96M | -1.04M | 2.72M | -9.08M | 3.76M |
| Operating Cash Flow | 14.55M | 14.30M | 5.16M | 7.73M | -6.33M | 9.13M |
| Investing Cash Flow | -10.36M | -9.32M | -6.15M | -4.66M | -2.63M | -3.65M |
| Financing Cash Flow | -626.00K | -647.00K | -635.00K | -619.00K | 2.20M | -744.00K |
Smith-Midland Technical Analysis
Negative
27.54
Price Trends
25.63
Negative
27.80
Negative
30.78
Negative
Market Momentum
-1.00
Positive
31.18
Neutral
18.92
Positive
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 27.54 is above the 20-day moving average (MA) of 23.60, above the 50-day MA of 25.63, and below the 200-day MA of 30.78, indicating a bearish trend. The MACD of -1.00 indicates Positive momentum. The RSI at 31.18 is Neutral, neither overbought nor oversold. The STOCH value of 18.92 is Positive, 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 |
|---|---|---|---|---|---|---|---|
78 Outperform | $3.16B | 23.25 | 20.76% | 0.22% | 7.00% | 7.12% | |
77 Outperform | $1.12B | 16.84 | 16.38% | 4.97% | 20.05% | 7.67% | |
70 Outperform | $34.02B | 11.81 | 23.11% | 0.69% | 0.06% | 125.23% | |
67 Neutral | $119.78M | 15.31 | 14.11% | 0.93% | -1.65% | -35.86% | |
62 Neutral | $5.14B | 13.15 | 26.87% | 0.60% | 1.68% | -7.06% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
56 Neutral | $1.18B | 40.49 | 4.06% | 17.75% | -5.25% | -50.76% |
* Basic Materials Sector Average
SMID
Smith-Midland
22.20
-12.18
-35.43%
CPAC
Cementos Pacasmayo SAA
12.25
5.67
86.17%
EXP
Eagle Materials
167.30
-59.88
-26.36%
MLM
Martin Marietta Materials
481.57
-147.27
-23.42%
USLM
United States Lime & Minerals
109.05
-10.82
-9.03%
LOMA
Loma Negra Compania Industrial Argentina Sociedad Anonima
10.01
2.31
30.00%
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.