Smith-Midland Corp
NASDAQ:SMID

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Smith-Midland Corp
NASDAQ:SMID
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Price: 34.96 USD 3.49% Market Closed
Market Cap: $185.3m

EV/IC

2.5
Current
9%
Cheaper
vs 3-y average of 2.8

Enterprise Value to Invested Capital (EV/IC) ratio compares a company`s total enterprise value to the capital invested in its business. It shows how efficiently the company`s market value reflects the funds used to generate returns.

EV/IC
2.5
=
Enterprise Value
$169.5m
/
Invested Capital
$70.4m

Enterprise Value to Invested Capital (EV/IC) ratio compares a company`s total enterprise value to the capital invested in its business. It shows how efficiently the company`s market value reflects the funds used to generate returns.

EV/IC
2.5
=
Enterprise Value
$169.5m
/
Invested Capital
$70.4m

Valuation Scenarios

Smith-Midland Corp is trading below its 3-year average

If EV/IC returns to its 3-Year Average (2.8), the stock would be worth $38.57 (10% upside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-41%
Maximum Upside
+10%
Average Downside
11%
Scenario EV/IC Value Implied Price Upside/Downside
Current Multiple 2.5 $34.96
0%
3-Year Average 2.8 $38.57
+10%
5-Year Average 2.7 $37.73
+8%
Industry Average 2 $27.07
-23%
Country Average 1.5 $20.63
-41%

Forward EV/IC
Today’s price vs future invested capital

Not enough data available to calculate forward EV/IC

Peer Comparison

All Multiples
EV/IC
P/E
All Countries
Close
Market Cap EV/IC P/E
US
Smith-Midland Corp
NASDAQ:SMID
185.5m USD 2.5 14.8
IE
CRH PLC
NYSE:CRH
77.2B USD 1.8 20.6
CH
Holcim AG
SIX:HOLN
40.1B CHF 1.7 3
US
Vulcan Materials Co
NYSE:VMC
38.8B USD 2.6 36.1
DE
HeidelbergCement AG
XETRA:HEI
33.2B EUR 1.2 17.1
US
Martin Marietta Materials Inc
NYSE:MLM
37.1B USD 2.3 32.6
IN
UltraTech Cement Ltd
NSE:ULTRACEMCO
3.4T INR 2.9 46.9
US
Amrize AG
SIX:AMRZ
23.6B CHF 1.6 24.9
DE
Heidelberg Materials AG
XMUN:HEI
21.8B EUR 0.9 11.3
CN
China Jushi Co Ltd
SSE:600176
136.9B CNY 3.1 41.7
IN
Grasim Industries Ltd
NSE:GRASIM
1.9T INR 0.6 45.1

Market Distribution

In line with most companies in the United States of America
Percentile
67th
Based on 11 657 companies
67th percentile
2.5
Low
0 — 0.9
Typical Range
0.9 — 2.9
High
2.9 —
Distribution Statistics
the United States of America
Min 0
30th Percentile 0.9
Median 1.5
70th Percentile 2.9
Max 566 432.7

Smith-Midland Corp
Glance View

Market Cap
185.3m USD
Industry
Construction

Smith-Midland Corp. engages in developing, manufacturing, marketing, leasing, licensing, selling, and installing of precast concrete products. The company is headquartered in Midland, Virginia and currently employs 178 full-time employees. The Company’s products include SlenderWall Lightweight Construction Panels, Sierra Wall, J-J Hooks Highway Safety Barrier, Easi-Set Precast Buildings and Easi-Span Expandable Precast Buildings, Easi-Set Utility Vault, SoftSound Soundwall Panels, Beach Prisms Erosion Control Modules and H2Out Secondary Drainage System. The Company’s precast, licensing and barrier rental customers are primarily general contractors and federal, state and local transportation authorities located in the Mid-Atlantic, Northeastern, Midwestern and Southeastern regions of the United States. The company has over three manufacturing facilities, which are located in Midland, Virginia; Reidsville, North Carolina, and Hopkins (Columbia), South Carolina.

SMID Intrinsic Value
39.62 USD
Undervaluation 12%
Intrinsic Value
Price $34.96
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