Smith-Midland Corporation (SMID) Financial Ratios
30 years of historical data (1995–2024) · Basic Materials · Construction Materials
EV/EBITDA
↑
12.70
↓-55% vs avg
5yr avg: 28.14
30Y Low2.0·High58.8
P/FCF
↑
N/A
—
5yr avg: 50.77
30Y Low2.7·High185.0
P/B Ratio
↑
3.88
↓-22% vs avg
5yr avg: 4.97
30Y Low0.4·High7.7
ROE
↑
20.2%
↓+57% vs avg
5yr avg: 12.9%
30Y Low-136%·High68%
Debt/EBITDA
↓
0.41
↓-63% vs avg
5yr avg: 1.11
30Y Low0.4·High11.7
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
SMID Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Smith-Midland Corporation trades at 21.0x earnings, 78% below its 5-year average of 96.3x, sitting at the 71st percentile of its historical range. Compared to the Basic Materials sector median P/E of 23.6x, the stock trades at a discount of 11%.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $162M | $236M | $209M | $108M | $246M | $49M | $31M | $38M | $34M | $26M | $16M |
| Enterprise Value | $160M | $233M | $206M | $107M | $237M | $48M | $35M | $40M | $34M | $27M | $17M |
| P/E Ratio → | 21.04 | 30.66 | 263.33 | 136.67 | 32.41 | 18.53 | 15.79 | 22.46 | 12.71 | 9.33 | 15.52 |
| P/S Ratio | 2.06 | 3.00 | 3.51 | 2.15 | 4.86 | 1.12 | 0.66 | 0.94 | 0.82 | 0.66 | 0.55 |
| P/B Ratio | 3.88 | 5.65 | 6.12 | 3.26 | 7.75 | 2.07 | 1.48 | 2.00 | 1.99 | 1.86 | 1.42 |
| P/FCF | — | — | 76.79 | — | 65.42 | 10.09 | — | — | 184.98 | 105.85 | — |
| P/OCF | 31.38 | 45.72 | 27.03 | — | 26.95 | 6.55 | 7.85 | 4.46 | 11.70 | 6.62 | 853.64 |
P/E links to full P/E history page with 30-year chart
SMID EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Smith-Midland Corporation's enterprise value stands at 12.7x EBITDA, 55% below its 5-year average of 28.1x. The Basic Materials sector median is 11.0x, placing the stock at a 15% premium on an enterprise-value basis.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.97 | 3.45 | 2.14 | 4.68 | 1.10 | 0.75 | 1.00 | 0.82 | 0.67 | 0.58 |
| EV / EBITDA | 12.70 | 18.58 | 58.82 | 28.68 | 26.79 | 7.81 | 8.04 | 11.64 | 7.40 | 5.21 | 7.23 |
| EV / EBIT | 16.11 | 23.23 | 130.31 | 89.15 | 25.50 | 12.82 | 13.04 | 18.20 | 9.25 | 6.20 | 9.92 |
| EV / FCF | — | — | 75.54 | — | 62.99 | 9.91 | — | — | 185.76 | 107.50 | — |
SMID Profitability
Margins and return-on-capital ratios measuring operating efficiency
Smith-Midland Corporation earns an operating margin of 12.6%, above the Basic Materials sector average of 10.3%. Operating margins have expanded from 1.7% to 12.6% over the past 3 years, signaling improving operational efficiency. ROE of 20.2% indicates solid capital efficiency. ROIC of 21.2% represents excellent returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 25.5% | 25.5% | 17.9% | 18.9% | 28.5% | 25.2% | 21.4% | 26.1% | 27.8% | 25.8% | 24.3% |
| Operating Margin | 12.6% | 12.6% | 1.9% | 1.7% | 12.2% | 8.6% | 5.5% | 5.5% | 8.9% | 10.8% | 5.7% |
| Net Profit Margin | 9.8% | 9.8% | 1.3% | 1.6% | 14.9% | 6.1% | 4.2% | 4.2% | 6.4% | 7.1% | 3.6% |
Return on Capital
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 20.2% | 20.2% | 2.4% | 2.5% | 27.3% | 12.0% | 9.8% | 9.4% | 17.1% | 22.1% | 9.6% |
| ROA | 11.9% | 11.9% | 1.4% | 1.5% | 15.2% | 5.9% | 4.5% | 4.8% | 10.1% | 13.2% | 5.9% |
| ROIC | 21.2% | 21.2% | 2.6% | 2.3% | 20.4% | 11.8% | 8.3% | 8.6% | 17.4% | 24.3% | 11.6% |
| ROCE | 20.1% | 20.1% | 2.5% | 2.1% | 16.0% | 10.4% | 7.9% | 8.7% | 18.4% | 26.0% | 12.1% |
SMID Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Smith-Midland Corporation carries a Debt/EBITDA ratio of 0.4x, which is very conservative (83% below the sector average of 2.4x). The company holds a net cash position — cash of $8M exceeds total debt of $5M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns. Interest coverage of 42.9x signals virtually no risk of debt distress — earnings comfortably cover interest obligations.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.12 | 0.12 | 0.17 | 0.20 | 0.14 | 0.34 | 0.26 | 0.24 | 0.21 | 0.28 | 0.22 |
| Debt / EBITDA | 0.41 | 0.41 | 1.65 | 1.73 | 0.49 | 1.28 | 1.24 | 1.30 | 0.76 | 0.76 | 1.08 |
| Net Debt / Equity | — | -0.06 | -0.10 | -0.01 | -0.29 | -0.04 | 0.19 | 0.14 | 0.01 | 0.03 | 0.07 |
| Net Debt / EBITDA | -0.19 | -0.19 | -0.97 | -0.07 | -1.03 | -0.14 | 0.93 | 0.74 | 0.03 | 0.08 | 0.33 |
| Debt / FCF | — | — | -1.25 | — | -2.43 | -0.17 | — | — | 0.77 | 1.64 | — |
| Interest Coverage | 42.85 | 42.85 | 4.38 | 3.28 | 32.46 | 17.32 | 14.22 | 12.59 | 20.19 | 26.68 | 16.19 |
Net cash position: cash ($8M) exceeds total debt ($5M)
SMID Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Smith-Midland Corporation's current ratio of 2.39x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The quick ratio of 1.94x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has declined from 2.58x to 2.39x over the past 3 years.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.39 | 2.39 | 2.08 | 2.58 | 2.00 | 2.62 | 1.98 | 1.84 | 2.43 | 3.14 | 2.98 |
| Quick Ratio | 1.94 | 1.94 | 1.76 | 2.24 | 1.79 | 2.38 | 1.75 | 1.54 | 1.98 | 2.63 | 2.43 |
| Cash Ratio | 0.50 | 0.50 | 0.57 | 0.60 | 0.97 | 1.12 | 0.26 | 0.26 | 0.57 | 0.90 | 0.61 |
| Asset Turnover | — | 1.15 | 0.97 | 0.92 | 0.95 | 0.94 | 1.05 | 0.97 | 1.43 | 1.67 | 1.55 |
| Inventory Turnover | 8.76 | 8.76 | 9.50 | 10.65 | 12.73 | 14.96 | 16.38 | 8.35 | 8.57 | 11.52 | 8.86 |
| Days Sales Outstanding | — | 96.56 | 108.64 | 128.80 | 78.29 | 87.71 | 105.26 | 131.62 | 92.54 | 67.98 | 89.86 |
SMID Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Smith-Midland Corporation does not currently pay a dividend and has no material buyback yield, reinvesting earnings back into the business. The earnings yield of 4.8% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | 0.6% | 0.9% | 0.7% | 0.1% | — | 1.2% |
| Payout Ratio | — | — | — | — | — | 10.6% | 14.4% | 15.2% | 1.8% | — | 18.6% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 4.8% | 3.3% | 0.4% | 0.7% | 3.1% | 5.4% | 6.3% | 4.5% | 7.9% | 10.7% | 6.4% |
| FCF Yield | — | — | 1.3% | — | 1.5% | 9.9% | — | — | 0.5% | 0.9% | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.6% | 0.9% | 0.7% | 0.1% | 0.0% | 1.2% |
| Shares Outstanding | — | $5M | $5M | $5M | $5M | $5M | $5M | $5M | $5M | $5M | $5M |
Peer Comparison
Compare SMID with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 SMIDYou | $162M | 21.0 | 12.7 | — | 25.5% | 12.6% | 20.2% | 21.2% | 0.4 |
 USLM | $3B | 24.3 | 15.8 | 31.8 | 48.8% | 42.4% | 23.8% | 48.5% | 0.0 |
 ARLO | $1B | 93.3 | 127.8 | 21.2 | 44.0% | 1.1% | 13.1% | 35.9% | 0.7 |
 CSTE | $64M | -0.5 | — | — | 18.4% | -12.9% | -66.6% | -14.2% | — |
 VMC | $39B | 37.3 | 19.1 | 34.6 | 27.3% | 20.1% | 13.0% | 8.8% | 2.3 |
 MLM | $37B | 32.4 | 19.5 | 37.6 | 30.0% | 23.3% | 11.7% | 7.6% | 2.5 |
 EXP | $7B | 17.1 | 14.1 | 35.2 | 28.3% | 24.3% | 28.9% | 14.8% | 3.0 |
 IIIN | $565M | 13.9 | 7.3 | 29.8 | 14.4% | 8.4% | 11.4% | 14.1% | 0.1 |
 CRH | $74B | 20.2 | 12.0 | 29.5 | 36.1% | 14.2% | 15.7% | 10.7% | 2.6 |
 CAT | $459B | 52.4 | 36.5 | 44.6 | 32.3% | 16.6% | 43.5% | 15.9% | 3.2 |
 URI | $67B | 27.9 | 11.8 | 101.9 | 35.4% | 24.7% | 28.4% | 12.4% | 2.3 |
| Basic Materials Median | — | 23.6 | 11.0 | 29.0 | 30.9% | 10.3% | -0.0% | 4.6% | 2.4 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 30 years · Updated daily
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SMID — Frequently Asked Questions
Quick answers to the most common questions about buying SMID stock.
What is Smith-Midland Corporation's P/E ratio?
Smith-Midland Corporation's current P/E ratio is 21.0x. The historical average is 21.3x. This places it at the 71th percentile of its historical range.
What is Smith-Midland Corporation's EV/EBITDA?
Smith-Midland Corporation's current EV/EBITDA is 12.7x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 12.0x.
What is Smith-Midland Corporation's ROE?
Smith-Midland Corporation's return on equity (ROE) is 20.2%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 4.3%.
Is SMID stock overvalued?
Based on historical data, Smith-Midland Corporation is trading at a P/E of 21.0x. This is at the 71th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are Smith-Midland Corporation's profit margins?
Smith-Midland Corporation has 25.5% gross margin and 12.6% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does Smith-Midland Corporation have?
Smith-Midland Corporation's Debt/EBITDA ratio is 0.4x, indicating low leverage. A ratio below 2x is generally considered financially healthy.