Ratios

		vs industry	vs history
P/E(ttm)	23.00	SMID's P/E(ttm) is ranked higher than 85% of the 300 Companies in the Global Building Materials industry. ( Industry Median: 27.13 vs. SMID: 23.00 )	SMID' s 10-Year P/E(ttm) Range Min: 1.1   Max: 109 Current: 23 1.1 109
P/B	0.75	SMID's P/B is ranked higher than 67% of the 300 Companies in the Global Building Materials industry. ( Industry Median: 1.33 vs. SMID: 0.75 )	SMID' s 10-Year P/B Range Min: 0.33   Max: 3.32 Current: 0.75 0.33 3.32
P/S	0.33	SMID's P/S is ranked higher than 69% of the 300 Companies in the Global Building Materials industry. ( Industry Median: 0.78 vs. SMID: 0.33 )	SMID' s 10-Year P/S Range Min: 0.07   Max: 0.69 Current: 0.33 0.07 0.69
PFCF	2.93	SMID's PFCF is ranked higher than 79% of the 300 Companies in the Global Building Materials industry. ( Industry Median: 16.30 vs. SMID: 2.93 )	SMID' s 10-Year PFCF Range Min: 2.19   Max: 100 Current: 2.93 2.19 100
EV-to-EBIT	10.9	SMID's EV-to-EBIT is ranked higher than 89% of the 300 Companies in the Global Building Materials industry. ( Industry Median: 17.21 vs. SMID: 10.9 )	SMID' s 10-Year EV-to-EBIT Range Min: 2.2   Max: 521 Current: 10.9 2.2 521
Shiller P/E	6.81	SMID's Shiller P/E is ranked higher than 97% of the 300 Companies in the Global Building Materials industry. ( Industry Median: 21.20 vs. SMID: 6.81 )	SMID' s 10-Year Shiller P/E Range Min: 5.43   Max: 124 Current: 6.81 5.43 124

Valuation & Return

		vs industry	vs history
Price/Net Current Asset Value	1.8	SMID's Price/Net Current Asset Value is ranked higher than 64% of the 300 Companies in the Global Building Materials industry. ( Industry Median: 6.40 vs. SMID: 1.8 )	SMID' s 10-Year Price/Net Current Asset Value Range Min: 0.6   Max: 3.9 Current: 1.8 0.6 3.9
Price/Tangible Book	0.8	SMID's Price/Tangible Book is ranked higher than 64% of the 300 Companies in the Global Building Materials industry. ( Industry Median: 2.20 vs. SMID: 0.8 )	SMID' s 10-Year Price/Tangible Book Range Min: 0.4   Max: 2.7 Current: 0.8 0.4 2.7
Price/DCF (Projected)	0.4	SMID's Price/DCF (Projected) is ranked higher than 84% of the 300 Companies in the Global Building Materials industry. ( Industry Median: 1.10 vs. SMID: 0.4 )	SMID' s 10-Year Price/DCF (Projected) Range Min: 0.5   Max: 4.2 Current: 0.4 0.5 4.2
Price/Median PS Value	1.4	SMID's Price/Median PS Value is ranked higher than 88% of the 300 Companies in the Global Building Materials industry. ( Industry Median: 0.90 vs. SMID: 1.4 )	SMID' s 10-Year Price/Median PS Value Range Min: 0.4   Max: 2.3 Current: 1.4 0.4 2.3
Price/Graham Number	0.8	SMID's Price/Graham Number is ranked higher than 67% of the 300 Companies in the Global Building Materials industry. ( Industry Median: 1.50 vs. SMID: 0.8 )	SMID' s 10-Year Price/Graham Number Range Min: 0.3   Max: 1.1 Current: 0.8 0.3 1.1
Earnings Yield (Greenblatt)	9.20	SMID's Earnings Yield (Greenblatt) is ranked lower than 72% of the 300 Companies in the Global Building Materials industry. ( Industry Median: 5.05 vs. SMID: 9.20 )	SMID' s 10-Year Earnings Yield (Greenblatt) Range Min: 0.2   Max: 45.4 Current: 9.2 0.2 45.4
Forward Rate of Return (Yacktman)	7.25	SMID's Forward Rate of Return (Yacktman) is ranked higher than 86% of the 300 Companies in the Global Building Materials industry. ( Industry Median: 1.22 vs. SMID: 7.25 )	SMID' s 10-Year Forward Rate of Return (Yacktman) Range Min: -10   Max: 10.6 Current: 7.25 -10 10.6

Business Description

Smith-Midland Corporation was incorporated in Delaware on August 2, 1994. The Company invents, develops, manufactures, markets, leases, licenses, sells, and installs an array of precast concrete products for use primarily in the construction, highway, utilities and farming industries through its five wholly-owned subsidiaries. The Company's precast 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's operating strategy has involved producing innovative and proprietary products, including Slenderwall, a patented, lightweight, energy efficient concrete and steel exterior wall panel for use in building construction; J-J Hooks Highway Safety Barrier, a patented, positive-connected highway safety barrier; SoftSound, a proprietary sound absorptive finish used on the face of sound barriers to absorb some of the traffic noise; Sierra Wall, a sound barrier primarily for roadside use; Easi-Set and Easi-Span transportable concrete buildings with patented features; and Beach Prisms erosion mitigating modules. In addition, the Company's precast subsidiaries produce custom order precast concrete products with various architectural surfaces, as well as generic highway sound barriers, utility vaults and farm products such as cattleguards and water and feed troughs. All of the raw materials necessary for the manufacture of the Company's products are available from multiple sources. The Company presently grants licenses, through its wholly-owned subsidiary Easi-Set Industries, for the manufacturing and distribution rights of certain proprietary products, such as the J-J Hooks Barrier, Easi-Set and Easi-Span Precast Buildings, Slenderwall, Softsound and Beach Prisms as well as certain non-proprietary products, such as the Company's cattleguards, and water and feed troughs. The Company has entered into 50 licensing agreements in the United States, eight in Canada and one each in Belgium, New Zealand, Mexico and Australia, for a total of 62 licensees worldwide. The Company's operations are subject to extensive and stringent governmental regulations including regulations related to the Occupational Safety and Health Act (OSHA) and environmental protection.
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Industry:	Building Materials
Compare:	HCMLY, AHCHY, LFRGY, SHW, MLM

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Smith-Midland Corporation: Undervalued and Underfollowed Aug 24 2010

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