Smith Midland Shares Outstanding vs. Revenue
| SMID Stock | USD 45.50 0.52 1.16% |
| Current Value | Last Year | Change From Last Year | 10 Year Trend | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Gross Profit Margin | 0.25 | 0.1788 |
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For Smith Midland profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Smith Midland to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Smith Midland Corp utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Smith Midland's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Smith Midland Corp over time as well as its relative position and ranking within its peers.
Smith |
Is Construction Materials space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Smith Midland. If investors know Smith will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Smith Midland listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 12.798 | Earnings Share 1.22 | Revenue Per Share 12.943 | Quarterly Revenue Growth 0.336 | Return On Assets 0.065 |
The market value of Smith Midland Corp is measured differently than its book value, which is the value of Smith that is recorded on the company's balance sheet. Investors also form their own opinion of Smith Midland's value that differs from its market value or its book value, called intrinsic value, which is Smith Midland's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Smith Midland's market value can be influenced by many factors that don't directly affect Smith Midland's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Smith Midland's value and its price as these two are different measures arrived at by different means. Investors typically determine if Smith Midland is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Smith Midland's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Smith Midland Corp Revenue vs. Shares Outstanding Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Smith Midland's current stock value. Our valuation model uses many indicators to compare Smith Midland value to that of its competitors to determine the firm's financial worth. Smith Midland Corp is rated below average in shares outstanding category among its peers. It is rated below average in revenue category among its peers totaling about 11.23 of Revenue per Shares Outstanding. At present, Smith Midland's Total Revenue is projected to increase significantly based on the last few years of reporting. Comparative valuation analysis is a catch-all technique that is used if you cannot value Smith Midland by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.Smith Revenue vs. Shares Outstanding
Outstanding Shares are shares of common stock of a public company that were purchased by investors after they were authorized and issued by the company to the public. Outstanding Shares are typically reported on fully diluted basis, including exotic instruments such as options, or convertibles bonds.
Smith Midland |
| = | 5.3 M |
Outstanding shares that are stated on company Balance Sheet are used when calculating many important valuation and performance indicators including Return on Equity, Market Cap, EPS and many others.
Revenue is income that a firm generates from business activities such us rendering services or selling goods to customers. It is a crucial part of a business and an essential item when evaluating a company's financial statements. Revenues from a firm's primary business operations can be reported on the income statement as sales revenue, net sales, or simply sales, depending on the industry in which a given company operates.
Smith Midland |
| = | 59.58 M |
Revenue is typically recorded when cash or cash equivalents are exchanged for services or goods and can include products or services discounts, promotions, as well as early payments on invoices or services rendered in advance.
Smith Revenue vs Competition
Smith Midland Corp is rated below average in revenue category among its peers. Market size based on revenue of Materials industry is at this time estimated at about 536.67 Billion. Smith Midland adds roughly 59.58 Million in revenue claiming only tiny portion of all equities under Materials industry.
Smith Midland Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Smith Midland, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Smith Midland will eventually generate negative long term returns. The profitability progress is the general direction of Smith Midland's change in net profit over the period of time. It can combine multiple indicators of Smith Midland, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
| Last Reported | Projected for Next Year | ||
| Operating Income | 1.1 M | 1.5 M | |
| Income Before Tax | 1.3 M | 1.5 M | |
| Total Other Income Expense Net | 205 K | 191.5 K | |
| Net Income | 795 K | 1 M | |
| Income Tax Expense | 528 K | 609.2 K | |
| Net Income Applicable To Common Shares | 920 K | 1.8 M | |
| Net Income From Continuing Ops | 569 K | 540.5 K | |
| Non Operating Income Net Other | 104.7 K | 109.9 K | |
| Net Interest Income | -243 K | -255.2 K | |
| Interest Income | 22 K | 26.2 K | |
| Change To Netincome | 435.6 K | 457.4 K | |
| Net Income Per Share | 0.15 | 0.14 | |
| Income Quality | 9.73 | 10.21 | |
| Net Income Per E B T | 0.60 | 0.80 |
Smith Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Smith Midland. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Smith Midland position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Smith Midland's important profitability drivers and their relationship over time.
Use Smith Midland in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Smith Midland position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Smith Midland will appreciate offsetting losses from the drop in the long position's value.Smith Midland Pair Trading
Smith Midland Corp Pair Trading Analysis
The ability to find closely correlated positions to Smith Midland could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Smith Midland when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Smith Midland - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Smith Midland Corp to buy it.
The correlation of Smith Midland is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Smith Midland moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Smith Midland Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Smith Midland can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Use Investing Themes to Complement your Smith Midland position
In addition to having Smith Midland in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Large Value Funds Thematic Idea Now
Large Value Funds
Funds or Etfs that invest in the undervalued stocks of large-sized companies. The Large Value Funds theme has 43 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Large Value Funds Theme or any other thematic opportunities.
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To fully project Smith Midland's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Smith Midland Corp at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Smith Midland's income statement, its balance sheet, and the statement of cash flows.