Smith-Midland Corporation

Smith-Midland Corporation

SMIDยทNASDAQ

$31.21

-2.4%
Basic MaterialsConstruction Materials

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.

At a Glance

Live Snapshot
Market Cap$165.62M
EPS2.3600
P/E Ratio15.42
Earnings Date05/25/2026
Smith-Midland Corporation

Smith-Midland Corporation Fair Value Envelope

SMID ยท NASDAQ

Our analysis suggests that SMID has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $31.21, this represents a potential HIDDEN relative to our calculated worth for Smith-Midland Corporation.

Intrinsic Value
Current Price: $31.21

Owner Earnings Valuation Tool

Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation

Historical Financial Data

Base year metrics used for projections

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Projection Settings

Forecast period and terminal assumptions

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DCF Valuation Summary

Calculation flow from present value to intrinsic value per share

Present Value$113.0B
+ Cash & Equivalents$11.9M
Firm Value$113.1B
- Debt$4.5M
Equity Value$113.1B
/ Shares Outstanding5,304,606B
DCF Value$21.3K
UNDERVALUED BY 68187%

Owner Earnings Projections

Operating Cash Flow - Maintenance CapEx = Owner Earnings

Metric
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Operating Cash Flow
$28.6M
$57.2M
$114.4M
$228.8M
$457.6M
$915.3M
$1.8B
$3.7B
$7.3B
$14.6B
Maintenance CapEx
-$3.7M
-$7.5M
-$14.9M
-$29.9M
-$59.8M
-$119.5M
-$239.1M
-$478.1M
-$956.2M
-$1.9B
Owner Earnings
$24.9M
$49.7M
$99.5M
$198.9M
$397.9M
$795.7M
$1.6B
$3.2B
$6.4B
$12.7B
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
$23.0M
$42.6M
$79.0M
$146.2M
$270.8M
$501.4M
$928.6M
$1.7B
$3.2B
$5.9B
Terminal Value represents 88.7% of Enterprise Value