SMID - Intrinsic Value and Financial Analysis - Smith-Midland Corporation

Smith-Midland Corporation SMID

Basic Materials - Construction Materials - NASDAQ - US

Watchlist

$ 40.55

18.9 %

$ 217 M

Market Cap

46.61

P/E

BALANCE SHEET

61.3 M ASSETS

Growth Rates

1Year 12.95%

3Years 9.68%

5Years 8.20%

7Years 14.31%

10Years 12.64%

27.2 M LIABILITIES

Growth Rates

1Year 27.89%

3Years 5.96%

5Years 3.84%

7Years 15.68%

10Years 14.15%

34.2 M EQUITY

Growth Rates

1Year 3.35%

3Years 13.04%

5Years 12.63%

7Years 13.31%

10Years 11.58%

BALANCE SHEET DECOMPOSITION

Balance Sheet Decomposition Smith-Midland Corporation

61.3 M ASSETS
27.2 M LIABILITIES

Current Assets	33.3 M
Cash & Short-Term Investments	9.18 M
Receivables	17.7 M
Other Current Assets	6.42 M
Non-Current Assets	28 M
Long-Term Investments	0
PP&E	27.7 M
Other Non-Current Assets	343 K

Current Liabilities	16 M
Accounts Payable	7.34 M
Short-Term Debt	722 K
Other Current Liabilities	7.96 M
Non-Current Liabilities	11.2 M
Long-Term Debt	5.09 M
Other Non-Current Liabilities	6.08 M

Balance Sheet

Millions

	Dec-2023	Dec-2022	Dec-2021	Dec-2020	Dec-2019	Dec-2018	Dec-2017	Dec-2016	Dec-2015	Dec-2014	Dec-2013	Dec-2012	Dec-2011	Dec-2010	Dec-2009	Dec-2008	Dec-2007	Dec-2006	Dec-2005	Dec-2004	Dec-2003	Dec-2002	Dec-2001	Dec-2000	Dec-1999	Dec-1998	Dec-1997	Dec-1996	Dec-1995	Dec-1994
ASSETS
Cash & Cash Equivalents	9.2	6.7	13.5	8.8	1.4	1.9	3.4	3.5	1.7	3.6	3.1	4.4	2.1	2.6	2.9	1.4	0.3	0.5	1.0	0.5	0.7	1.2	0.9	0.2	0.4	0.2	0.3	0.4	0.9	100 K
Short Term Investments	0	0	0	1.2	1.2	1.1	1.1	1.1	1.0	1.0	0.9	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Receivables	17.7	17.7	10.9	10.5	13.5	14.5	10.6	7.5	7.0	5.1	7.3	5.1	7.6	8.2	4.8	6.5	6.2	6.6	4.9	4.8	4.7	5.3	6.4	4.1	3.7	4.0	4.3	2.8	2.7	2.2
Inventory	5.2	3.8	2.8	2.2	2.2	3.6	3.5	2.6	2.5	1.7	1.9	2.1	1.9	1.8	2.6	2.4	2.8	3.1	2.6	2.4	2.5	2.0	1.6	2.1	1.5	1.5	1.4	1.5	1.2	1.3
Other Current Assets	1.3	0.7	0.6	0.6	0.8	0.5	0.5	0.6	1.4	0.6	0.7	0.9	1.1	0.8	0.7	0.9	0.8	0.9	0.3	0.1	0.2	0.3	0.2	62.8 K	46.7 K	0.1	(0.6)	0.2	0.2	100 K
Total Current Assets	33.3	28.9	27.8	23.3	19.0	21.6	19.0	15.9	13.5	11.9	14.0	12.5	12.7	13.4	11.0	11.2	10.1	10.7	8.9	7.8	8.1	8.8	9.2	6.5	5.6	5.9	5.5	4.9	5.0	3.7
PP&E	27.7	25.1	21.9	18.6	17.7	14.1	9.9	8.0	5.1	4.1	4.3	4.0	4.6	4.6	4.2	4.2	4.1	3.7	3.4	3.0	3.3	3.0	2.7	2.7	2.6	2.4	1.5	1.4	1.4	1.6
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Goodwill	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long Term Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Long Term Assets	0.3	(1.2)	1.6	2.6	2.9	5.7	0.3	0.2	0.3	0.3	0.3	0.3	0.2	0.1	0.1	0.2	0.2	0.2	0.3	0.4	1.4	1.7	1.8	1.9	1.0	1.3	0.9	0.9	0.8	0.9
Other Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Assets	61.3	54.3	53.3	46.5	42.1	41.4	29.2	24.1	18.9	16.3	18.7	16.8	17.5	18.1	15.4	15.6	14.4	14.7	12.6	11.2	12.7	13.5	13.6	11.0	9.2	9.6	7.9	7.2	7.2	6.2
LIABILITIES
Accounts Payable	7.3	5.8	2.1	1.9	3.2	4.2	3.1	2.1	1.7	1.2	1.5	0.9	0.9	1.3	1.2	2.1	1.8	2.7	1.2	1.9	2.6	1.7	3.0	2.5	1.7	2.2	1.7	1.4	1.6	2.2
Short Term Debt	0.7	0.8	0.6	0.9	1.1	1.7	0.6	0.6	0.4	0.4	0.4	0.3	0.4	0.4	0.5	1.0	0.6	0.7	0.4	0.4	1.1	0.4	0.6	0.5	0.2	0.6	2.2	2.1	1.3	0.7
Other Current Liabilities	4.8	2.2	3.0	3.9	3.4	4.1	3.0	2.4	1.4	1.0	1.3	1.1	0.8	1.7	1.8	1.9	1.2	2.5	1.2	1.0	0.6	1.3	1.0	0.8	1.5	1.4	1.0	0.7	0.6	0.4
Total Current Liabilities	16.0	11.2	13.9	8.9	9.6	11.7	7.8	5.1	4.5	2.9	4.1	2.6	3.0	3.6	3.5	5.1	4.3	5.9	3.2	3.4	4.2	3.4	4.6	3.8	3.4	4.2	5.0	4.2	3.5	3.3
Long Term Debt	5.1	5.8	3.8	7.1	4.4	(3.8)	2.9	3.3	2.1	2.2	2.5	2.7	3.0	2.8	3.1	3.6	4.0	3.9	3.8	4.0	4.2	3.9	4.1	4.4	4.4	4.1	0.9	1.2	1.8	2.5
Deferred Tax Income	1.7	2.1	2.0	2.5	1.9	1.4	1.3	1.4	0.9	0.7	0.6	0.7	0.8	0.7	0.3	0.3	0.2	0.2	0	0	0	0	0	0	0	0	0	0	0	0
Other Liabilities	0	0	0	3.8	5.2	0	0	0	0	0	0	0	0	0	0	0	0	0	0.2	0	1.0	1.0	1.0	1.0	0	0	0	16.3 K	(1.8)	(2.5)
Total Liabilities	27.2	21.3	21.6	22.9	21.3	22.5	12.0	9.8	7.5	5.8	7.2	6.0	6.8	7.2	6.9	9.0	8.4	10.0	7.3	7.4	9.4	8.3	9.7	9.1	7.9	8.3	5.8	5.4	5.4	5.8
EQUITY
Common Stock	54 K	53 K	53 K	52 K	52 K	51 K	51 K	49.8 K	49.2 K	48.8 K	48.8 K	48.3 K	48.3 K	47 K	47 K	46.7 K	46.7 K	46.3 K	46.1 K	44.5 K	44.5 K	44.3 K	31.7 K	30.9 K	30.9 K	30.9 K	30.9 K	30.9 K	0	0
Retained Earnings	26.4	25.7	24.9	17.3	14.6	13.0	11.6	9.1	6.3	5.5	6.5	5.9	5.8	6.1	3.7	1.9	1.5	0.2	1.1	(0.3)	(0.8)	1.1	0.5	(1.5)	(2.1)	(2.1)	(1.3)	(1.6)	(1.3)	0.2
Other Accumulative Comprehensive Income/Loss	0	0	0	0	10 K	37 K	19 K	24.9 K	9.36 K	6.63 K	41 K	(9.7)	(9.2)	(8.8)	(8.1)	(7.6)	(7.1)	(6.4)	(7.3)	(6.8)	(6.5)	(6.1)	(5.8)	(5.4)	(5.1)	0	0	0	(4.3)	(4.4)
Total Equity	34.2	33.1	31.8	23.6	20.8	18.8	17.2	14.2	11.4	10.5	11.4	10.9	10.7	11.0	8.5	6.6	6.0	4.6	5.3	3.8	3.4	5.2	3.9	1.9	1.3	1.3	2.1	1.8	1.8	0.4
Total Liabilities and Equity	61.3	54.3	53.3	46.5	42.1	41.4	29.2	24.1	18.9	16.3	18.7	16.8	17.5	18.1	15.4	15.6	14.4	14.7	12.6	11.2	12.7	13.5	13.6	11.0	9.2	9.6	7.9	7.2	7.2	6.2
SHARES OUTSTANDING
Common Shares Outstanding	5.3	5.2	5.2	5.2	5.1	5.1	5.0	4.9	4.9	4.9	4.8	4.8	4.8	4.7	4.7	4.7	4.6	4.5	4.5	4.5	4.4	3.8	3.1	3.1	3.0	3.0	3.0	3.0	1.8	1.8

Balance Sheet

Premium Plan

Unlimited Plan