Smith-Midland Corp
Research Smith-Midland Corp (SMID) on Bullrun: valuation model: 54.9% undervalued, market cap USD 118.88M, P/E 15.4. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerSMID
- ExchangeNASDAQ
- CountryUnited States
- SectorBasic Materials
- IndustryBuilding Materials
- CurrencyUSD
- Valuation signal54.9% undervalued
- Market capUSD 118.88M
- P/E15.4
- Financial periodQ2 2026
- RevenueUSD 23.36M
- Net incomeUSD 1.38M
- Free cash flow-USD 2.41M
- Gross margin23.2%
Valuation Snapshot
Bullrun's latest valuation model marks Smith-Midland Corp as 54.9% undervalued; latest market cap is USD 118.88M; P/E is 15.4.
Peer valuation comparison
Latest P/E is 15.38x versus a Basic Materials sector median of 16.68x (7.8% below).
Latest P/E is 15.38x versus a United States median of 23.85x (35.5% below).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | USD 93.45M | USD 12.51M | USD 4.96M | 27.9% | 2.36 | USD 11.88M | USD 4.54M | USD 54.30M |
| FY2024 | USD 78.51M | USD 7.68M | -USD 1.05M | 25.5% | 1.45 | USD 7.55M | USD 5.21M | USD 41.74M |
| FY2023 | USD 59.58M | USD 795.00K | USD 2.72M | 17.9% | 0.15 | USD 9.18M | USD 5.77M | USD 34.16M |
| FY2022 | USD 50.13M | USD 800.00K | -USD 9.08M | 18.9% | 0.15 | USD 6.73M | USD 6.47M | USD 33.06M |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-10-09 | USD 118.88M | 15.4 | n/a | n/a |
| 2025 | 2025-12-31 | USD 192.84M | 15.4 | n/a | n/a |
| 2024 | 2024-12-31 | USD 235.84M | 30.9 | n/a | n/a |
| 2023 | 2023-12-29 | USD 207.67M | 359.1 | n/a | n/a |
| 2022 | 2022-12-30 | USD 107.23M | 128.1 | n/a | n/a |
| 2021 | 2021-12-31 | USD 245.80M | 32.4 | n/a | n/a |
About Smith-Midland Corp
Smith-Midland Corporation invents, develops, manufactures, markets, leases, licenses, sells, and installs various precast concrete products and systems. The company offers SlenderWall lightweight construction panel, a lightweight exterior cladding used for the exterior walls of buildings; Sierra Wall that provides sound and sight barrier for use alongside highways around residential, industrial, and commercial properties;
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Frequently asked questions
Is Smith-Midland Corp overvalued or undervalued?
Bullrun's valuation model currently marks Smith-Midland Corp as 54.9% undervalued.
What is Smith-Midland Corp's market cap?
Smith-Midland Corp's market capitalization is USD 118.88M.
What is Smith-Midland Corp's P/E ratio?
Smith-Midland Corp's price-to-earnings (P/E) ratio is 15.4.
What does Smith-Midland Corp do?
Smith-Midland Corporation invents, develops, manufactures, markets, leases, licenses, sells, and installs various precast concrete products and systems.