2.32%
-8.73%
17.97%
16.88%
4.45%
60.40%
577.46%
AI Spotlight on SMID
Company Description
Smith-Midland Corporation, through its subsidiaries, invents, develops, manufactures, markets, leases, licenses, sells, and installs precast concrete products primarily for use in the construction, highway, utilities, and farming industries.It offers SlenderWall, a patented, lightweight, energy efficient concrete and steel exterior wall panel for use in building construction; Sierra Wall that provides sound and sight barrier for use alongside highways around residential, industrial, and commercial properties; J-J Hooks highway safety barriers for use on roadways to separate lanes of traffic in construction work zone or traffic control purposes; and Easi-Set precast building and Easi-Span expandable precast buildings for use in housing communications operations, traffic control systems, and mechanical and electrical stations.The company also provides Easi-Set utility vaults for house equipment, such as cable, telephone, or traffic signal equipment, and for underground storage, as well as custom-built utility vaults for special needs; SoftSound soundwall panels to absorb highway noise; Beach Prisms, an erosion control module for seawalls and jetties; and H2Out secondary drainage systems for panelized exterior cladding.
In addition, it licenses its proprietary products in Canada, Australia, Belgium, Mexico, New Zealand, and Trinidad.The company markets its products through in-house sales force and independent sales representatives to contractors performing public and private construction contracts, such as construction of commercial buildings, public and private roads and highways, airports, and municipal utilities; and federal, state, and local transportation authorities.Smith-Midland Corporation was incorporated in 1960 and is based in Midland, Virginia.
Market Data
| Last Price | 40.58 |
| Change Percentage | 2.32% |
| Open | 39.85 |
| Previous Close | 39.66 |
| Market Cap ( Millions) | 215 |
| Volume | 18181 |
| Year High | 51.96 |
| Year Low | 25.03 |
| M A 50 | 43.95 |
| M A 200 | 36.18 |
Financial Ratios
| FCF Yield | 1.70% |
| Dividend Yield | 0.00% |
| ROE | 17.71% |
| Debt / Equity | 13.12% |
| Net Debt / EBIDTA | -32.85% |
| Price To Book | 5.34 |
| Price Earnings Ratio | 33.07 |
| Price To FCF | 58.98 |
| Price To sales | 2.82 |
| EV / EBITDA | 18.68 |
News
- Jan -30 - Cidara Therapeutics to Participate in the Guggenheim Securities SMID Cap Biotech Conference
- Jan -30 - Adaptimmune to Participate in the Guggenheim Securities SMID Cap Biotech Conference February 6, 2025
- Jan -30 - Keros Therapeutics to Present at the Guggenheim SMID Cap Biotech Conference
- Jan -30 - Mersana Therapeutics to Participate in the Guggenheim SMID Cap Biotech Conference
- Jan -30 - EyePoint to Present at Guggenheim SMID Cap Biotech Conference
- Jan -30 - Beam Therapeutics to Participate in Guggenheim SMID Cap Biotech Conference
- Jan -30 - Vigil Neuroscience to Present at Guggenheim Securities SMID Cap Biotech Conference
- Jan -30 - Tango Therapeutics to Present at the Guggenheim SMID Cap Biotechnology Conference
- Jan -29 - Eledon Pharmaceuticals to Participate in Guggenheim Securities SMID Cap Biotech Conference
- Jan -29 - Revolution Medicines to Participate in the Guggenheim Securities SMID Cap Biotech Conference
- Jan -29 - Phathom Pharmaceuticals to Present at the Guggenheim Securities SMID Cap Biotech Conference
- Jan -29 - Cabaletta Bio to Participate in Guggenheim's SMID Cap Biotech Conference
- Jan -29 - ProMIS Neurosciences to Participate in Guggenheim Securities SMID Cap Biotech Conference
- Jan -29 - Apogee Therapeutics to Participate at the Guggenheim SMID Cap Biotech Conference
- Jan -29 - Verve Therapeutics to Participate in the Guggenheim Securities SMID Cap Biotech Conference
- Jan -28 - Corbus Pharmaceuticals to Present at the Guggenheim SMID Cap Biotech Conference
- Jan -28 - Zenas BioPharma to Present at the Guggenheim SMID Cap Biotech Conference
- Jan -23 - InflaRx Announces Participation in Guggenheim SMID Cap Biotech Conference
- Jan -21 - Easi-Set Worldwide Signs Building License Agreement with Infrastructure Precast, Inc.
- Dec -10 - Why SMID Cap ETFs Make Sense in a Falling-Rate Environment
Business Breakdown
Expected Mid-Term Growth
Segment n°1 -> Shipping and Installation
Expected Growth : 4.5 %
What the company do ?
Smith-Midland Corporation offers shipping and installation services for their precast concrete products, ensuring safe and efficient delivery and setup at construction sites.
Why we expect these perspectives ?
Growing demand for precast concrete products in construction industry, increasing focus on efficient and safe delivery and setup, and Smith-Midland's expertise in shipping and installation services drive growth.
Segment n°2 -> Barrier
Expected Growth : 4.5 %
What the company do ?
The Barrier from Smith-Midland Corporation is a precast concrete barrier designed for highway and bridge construction, providing a durable and crash-tested solution for road safety.
Why we expect these perspectives ?
Growing demand for road safety infrastructure, increasing highway and bridge construction projects, and rising adoption of precast concrete barriers drive the market growth.
Segment n°3 -> Barrier Rentals
Expected Growth : 4.5 %
What the company do ?
Barrier Rentals from Smith-Midland Corporation provides temporary concrete barriers for highway construction, special events, and traffic management, ensuring safety and security.
Why we expect these perspectives ?
Growing demand for temporary concrete barriers in highway construction, special events, and traffic management, driven by increasing infrastructure development, rising concern for safety and security, and government investments in transportation projects.
Segment n°4 -> Architectural
Expected Growth : 4.5 %
What the company do ?
The Architectural Products from Smith-Midland Corporation are precast concrete products designed to provide aesthetic and functional solutions for buildings, including walls, columns, and more.
Why we expect these perspectives ?
Growing demand for sustainable and durable building materials, increasing adoption of precast concrete products in construction, and rising investments in infrastructure development are expected to drive the growth of the architectural products market.
Segment n°5 -> Soundwall
Expected Growth : 4.5 %
What the company do ?
Soundwall from Smith-Midland Corporation is a precast concrete noise barrier wall system designed to reduce highway traffic noise pollution.
Why we expect these perspectives ?
Growing concerns over environmental noise pollution, increasing highway construction projects, and government regulations to reduce noise pollution are driving the demand for Soundwall from Smith-Midland Corporation, a precast concrete noise barrier wall system.
Segment n°6 -> Easi-set and Easi-span Building
Expected Growth : 4.5 %
What the company do ?
Easi-Set and Easi-Span are precast concrete building systems from Smith-Midland Corporation, offering modular, cost-effective, and durable solutions for various building applications.
Why we expect these perspectives ?
Growing demand for modular and cost-effective building solutions, increasing adoption in infrastructure development, and rising need for durable structures drive the growth of Easi-Set and Easi-Span precast concrete building systems.
Segment n°7 -> Miscellaneous Wall
Expected Growth : 4.5 %
What the company do ?
The Miscellaneous Wall from Smith-Midland Corporation is a precast concrete wall system for various applications, including sound barriers, retaining walls, and more.
Why we expect these perspectives ?
Growing demand for sound barriers and retaining walls in infrastructure development, increasing adoption in highway construction, and rising need for noise reduction in urban areas drive the growth of the precast concrete wall system market.
Segment n°8 -> Royalty Income
Expected Growth : 10.5 %
What the company do ?
Royalty income from Smith-Midland Corporation refers to the revenue generated from the company's patented products and technologies licensed to other companies.
Why we expect these perspectives ?
The royalty income from Smith-Midland Corporation's patented products and technologies is expected to grow driven by increasing demand for innovative construction materials and technologies, expansion into new markets, and strategic partnerships with industry leaders.
Segment n°9 -> Utility
Expected Growth : 4.5 %
What the company do ?
The Utility from Smith-Midland Corporation is a precast concrete utility vault that provides a safe and durable enclosure for housing electrical and telecommunications equipment.
Why we expect these perspectives ?
Growing demand for reliable and durable infrastructure, increasing adoption of precast concrete solutions, and rising investments in electrical and telecommunications infrastructure drive the growth of the utility vault market.
Segment n°10 -> Miscellaneous
Expected Growth : 4.5 %
What the company do ?
Miscellaneous from Smith-Midland Corporation refers to a segment of the company's business that includes sales of used equipment, rental of equipment, and other miscellaneous products and services.
Why we expect these perspectives ?
The miscellaneous segment of Smith-Midland Corporation is expected to grow driven by increasing demand for used equipment and rental services, as well as the company's strategic expansion into new markets and product offerings.
Segment n°11 -> SlenderWall
Expected Growth : 4.5 %
What the company do ?
SlenderWall is a precast concrete panel system from Smith-Midland Corporation, providing a durable, low-maintenance, and cost-effective solution for building envelopes.
Why we expect these perspectives ?
Growing demand for sustainable and energy-efficient buildings, increasing adoption of off-site construction methods, and rising need for durable and low-maintenance building envelopes drive the growth of the precast concrete panel system market.
Smith-Midland Corporation Products
| Product Range | What is it ? |
|---|---|
| SlenderWall | A patented, lightweight, composite, insulated, precast concrete wall panel system |
| SoftSound | A sound-absorbing, precast concrete panel system |
| Soundwall | A precast concrete sound wall system |
| Easi-Set | A licensed, precast concrete building system |
| J-J Hooks | A proprietary, patented, highway safety barrier connection system |
| Rental Products | A range of precast concrete products for rent, including highway barriers, traffic barriers, and more |
Smith-Midland Corporation's Porter Forces
Threat Of Substitutes
The threat of substitutes for Smith-Midland Corporation is moderate, as there are some alternative products available in the market, but they are not highly attractive to customers.
Bargaining Power Of Customers
The bargaining power of customers is low, as Smith-Midland Corporation has a diverse customer base and no single customer accounts for a significant portion of its revenue.
Bargaining Power Of Suppliers
The bargaining power of suppliers is moderate, as Smith-Midland Corporation relies on a few key suppliers for its raw materials, but it also has some alternative sources available.
Threat Of New Entrants
The threat of new entrants is low, as Smith-Midland Corporation has a strong brand presence and significant barriers to entry in the market.
Intensity Of Rivalry
The intensity of rivalry is high, as Smith-Midland Corporation operates in a highly competitive market with several established players.
Capital Structure
| Value | |
|---|---|
| Debt Weight | 14.45% |
| Debt Cost | 7.35% |
| Equity Weight | 85.55% |
| Equity Cost | 10.20% |
| WACC | 9.79% |
| Leverage | 16.89% |
Smith-Midland Corporation : Quality Control
Smith-Midland Corporation passed 5 out of 9 key points:
Historical Valuation
Price/Earnings Ratio
Margin Valuation
Peers Valuation
Competitors
| Company | Rational |
|---|---|
| USLM | United States Lime & Minerals, Inc. manufactures and supplies lime and limestone products in the United States. It extracts limestone from open-pit quarries and an underground mine, and processes it … |
| ECVT | Ecovyst Inc. provides specialty catalysts and services in the United States, the Netherlands, the United Kingdom, and internationally. The company operates through two segments, Ecoservices and Catalyst Technologies. The Ecoservices … |
| KOP | Koppers Holdings Inc. provides treated wood products, wood preservation chemicals, and carbon compounds in the United States, Australasia, Europe, and internationally. The company operates through three segments: Railroad and Utility … |
| MATV | Mativ Holdings, Inc. operates as a performance materials company. The company operates through two segments, Advanced Materials & Structures (AMS), and Engineered Papers (EP). The AMS segment manufactures resin-based rolled … |
| CENX | Century Aluminum Company, together with its subsidiaries, produces standard-grade and value-added primary aluminum products in the United States and Iceland. It also owns and operates a carbon anode production facility … |
Peers Metrics
DCF BETA
Expected Cash-Flows
Scoring Insights
Peers Group Analysis
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US Lime & Minerals
A-Score
1-Year Total Return ->
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Mativ
A-Score
1-Year Total Return ->
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Century Aluminum
A-Score
1-Year Total Return ->
4
Ecovys
A-Score
1-Year Total Return ->
5
Koppers
A-Score
1-Year Total Return ->
6
