Smith-Midland Corp
Smith-Midland Corporation invents, develops, manufactures, markets, leases, licenses, sells, and installs various precast concrete products and systems. The company offers SlenderWall lightweight construction panel, a lightweight exterior cladding used for the exterior walls of buildings; Sierra Wall that provides sound and sight barrier for use alongside highways around residential, industrial, … Read more
Smith-Midland Corp (SMID) - Net Assets
Latest net assets as of September 2025: $52.13 Million USD
Based on the latest financial reports, Smith-Midland Corp (SMID) has net assets worth $52.13 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($85.44 Million) and total liabilities ($33.31 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $52.13 Million |
| % of Total Assets | 61.01% |
| Annual Growth Rate | 16.76% |
| 5-Year Change | 76.49% |
| 10-Year Change | 266.44% |
| Growth Volatility | 65.45 |
Smith-Midland Corp - Net Assets Trend (1994–2024)
This chart illustrates how Smith-Midland Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Smith-Midland Corp (1994–2024)
The table below shows the annual net assets of Smith-Midland Corp from 1994 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $41.74 Million | +22.18% |
| 2023-12-31 | $34.16 Million | +3.35% |
| 2022-12-31 | $33.05 Million | +4.11% |
| 2021-12-31 | $31.75 Million | +34.26% |
| 2020-12-31 | $23.65 Million | +13.58% |
| 2019-12-31 | $20.82 Million | +10.47% |
| 2018-12-31 | $18.85 Million | +9.54% |
| 2017-12-31 | $17.20 Million | +20.80% |
| 2016-12-31 | $14.24 Million | +25.05% |
| 2015-12-31 | $11.39 Million | +8.75% |
| 2014-12-31 | $10.47 Million | -8.27% |
| 2013-12-31 | $11.42 Million | +5.09% |
| 2012-12-31 | $10.87 Million | +1.27% |
| 2011-12-31 | $10.73 Million | -2.09% |
| 2010-12-31 | $10.96 Million | +29.14% |
| 2009-12-31 | $8.49 Million | +29.24% |
| 2008-12-31 | $6.57 Million | +9.39% |
| 2007-12-31 | $6.00 Million | +30.31% |
| 2006-12-31 | $4.61 Million | -13.63% |
| 2005-12-31 | $5.33 Million | +38.76% |
| 2004-12-31 | $3.84 Million | +14.70% |
| 2003-12-31 | $3.35 Million | -36.06% |
| 2002-12-31 | $5.24 Million | +32.88% |
| 2001-12-31 | $3.94 Million | +106.75% |
| 2000-12-31 | $1.91 Million | +45.50% |
| 1999-12-31 | $1.31 Million | +3.33% |
| 1998-12-31 | $1.27 Million | -38.19% |
| 1997-12-31 | $2.05 Million | +14.75% |
| 1996-12-31 | $1.79 Million | -0.62% |
| 1995-12-31 | $1.80 Million | +350.00% |
| 1994-12-31 | $400.00K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Smith-Midland Corp's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 16935.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $34.07 Million | 81.63% |
| Common Stock | $54.00K | 0.13% |
| Other Components | $7.62 Million | 18.24% |
| Total Equity | $41.74 Million | 100.00% |
Smith-Midland Corp Competitors by Market Cap
The table below lists competitors of Smith-Midland Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
SAVANNAH RES PLC LS -01
F:SAV
|
$87.38 Million |
|
Quirin Privatbank AG
F:QB7
|
$87.41 Million |
|
Sonaecom S.G.P.S. S.A
STU:XOA1
|
$87.41 Million |
|
OBOOK Holdings Inc. Class A Common Shares
NASDAQ:OWLS
|
$87.41 Million |
|
Goldshore Resources Inc
OTCQB:GSHRF
|
$87.35 Million |
|
Streamwide
PA:ALSTW
|
$87.34 Million |
|
Western Investment Company of Canada Limited
V:WI
|
$87.33 Million |
|
Novabase SGPS
LS:NBA
|
$87.32 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Smith-Midland Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 34,161,000 to 41,739,000, a change of 7,578,000 (22.2%).
- Net income of 7,675,000 contributed positively to equity growth.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $7.67 Million | +18.39% |
| Other Changes | $-97.00K | -0.23% |
| Total Change | $- | 22.18% |
Book Value vs Market Value Analysis
This analysis compares Smith-Midland Corp's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 4.06x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 143.31x to 4.06x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1994-12-31 | $0.22 | $31.97 | x |
| 1995-12-31 | $1.00 | $31.97 | x |
| 1996-12-31 | $0.60 | $31.97 | x |
| 1997-12-31 | $0.62 | $31.97 | x |
| 1998-12-31 | $0.42 | $31.97 | x |
| 1999-12-31 | $0.43 | $31.97 | x |
| 2000-12-31 | $0.61 | $31.97 | x |
| 2001-12-31 | $1.15 | $31.97 | x |
| 2002-12-31 | $1.40 | $31.97 | x |
| 2003-12-31 | $0.76 | $31.97 | x |
| 2004-12-31 | $0.86 | $31.97 | x |
| 2005-12-31 | $1.14 | $31.97 | x |
| 2006-12-31 | $1.02 | $31.97 | x |
| 2007-12-31 | $1.25 | $31.97 | x |
| 2008-12-31 | $1.39 | $31.97 | x |
| 2009-12-31 | $1.78 | $31.97 | x |
| 2010-12-31 | $2.28 | $31.97 | x |
| 2011-12-31 | $2.24 | $31.97 | x |
| 2012-12-31 | $2.23 | $31.97 | x |
| 2013-12-31 | $2.34 | $31.97 | x |
| 2014-12-31 | $2.15 | $31.97 | x |
| 2015-12-31 | $2.30 | $31.97 | x |
| 2016-12-31 | $2.81 | $31.97 | x |
| 2017-12-31 | $3.39 | $31.97 | x |
| 2018-12-31 | $3.70 | $31.97 | x |
| 2019-12-31 | $4.05 | $31.97 | x |
| 2020-12-31 | $4.56 | $31.97 | x |
| 2021-12-31 | $6.07 | $31.97 | x |
| 2022-12-31 | $6.29 | $31.97 | x |
| 2023-12-31 | $6.46 | $31.97 | x |
| 2024-12-31 | $7.87 | $31.97 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Smith-Midland Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 18.39%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.78%
- • Asset Turnover: 1.15x
- • Equity Multiplier: 1.63x
- Recent ROE (18.39%) is above the historical average (4.89%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1994 | 50.00% | 1.64% | 1.97x | 15.50x | $160.00K |
| 1995 | -83.33% | -13.39% | 1.56x | 4.00x | $-1.68 Million |
| 1996 | -16.68% | -2.62% | 1.59x | 4.02x | $-477.35K |
| 1997 | 12.85% | 2.20% | 1.52x | 3.84x | $58.54K |
| 1998 | -61.78% | -5.43% | 1.51x | 7.54x | $-910.76K |
| 1999 | 3.22% | 0.29% | 1.57x | 7.00x | $-88.83K |
| 2000 | 31.11% | 3.71% | 1.45x | 5.79x | $402.61K |
| 2001 | 50.56% | 7.67% | 1.91x | 3.46x | $1.60 Million |
| 2002 | 11.46% | 2.66% | 1.67x | 2.58x | $76.41K |
| 2003 | -56.73% | -10.47% | 1.43x | 3.80x | $-2.24 Million |
| 2004 | 12.81% | 2.23% | 1.97x | 2.92x | $108.11K |
| 2005 | 25.33% | 5.68% | 1.89x | 2.36x | $817.59K |
| 2006 | -17.71% | -2.78% | 2.00x | 3.18x | $-1.28 Million |
| 2007 | 20.86% | 3.97% | 2.18x | 2.41x | $652.10K |
| 2008 | 6.41% | 1.41% | 1.92x | 2.37x | $-235.65K |
| 2009 | 21.32% | 6.13% | 1.92x | 1.81x | $960.42K |
| 2010 | 22.00% | 7.60% | 1.75x | 1.65x | $1.31 Million |
| 2011 | -3.28% | -1.32% | 1.52x | 1.63x | $-1.42 Million |
| 2012 | 3.47% | 1.51% | 1.48x | 1.55x | $-709.88K |
| 2013 | 6.06% | 2.50% | 1.49x | 1.63x | $-450.34K |
| 2014 | -7.68% | -3.58% | 1.38x | 1.56x | $-1.85 Million |
| 2015 | 9.17% | 3.58% | 1.55x | 1.65x | $-94.73K |
| 2016 | 19.91% | 7.08% | 1.67x | 1.69x | $1.41 Million |
| 2017 | 15.60% | 6.43% | 1.43x | 1.70x | $963.50K |
| 2018 | 8.95% | 4.19% | 0.97x | 2.19x | $-197.70K |
| 2019 | 9.36% | 4.17% | 1.05x | 2.14x | $-133.10K |
| 2020 | 11.27% | 6.08% | 0.94x | 1.97x | $300.10K |
| 2021 | 23.84% | 14.95% | 0.95x | 1.68x | $4.39 Million |
| 2022 | 2.42% | 1.60% | 0.92x | 1.64x | $-2.51 Million |
| 2023 | 2.33% | 1.33% | 0.97x | 1.80x | $-2.62 Million |
| 2024 | 18.39% | 9.78% | 1.15x | 1.63x | $3.50 Million |
Industry Comparison
This section compares Smith-Midland Corp's net assets metrics with peer companies in the Building Materials industry.
Industry Context
- Industry: Building Materials
- Average net assets among peers: $78,983,864,921
- Average return on equity (ROE) among peers: -918.44%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Smith-Midland Corp (SMID) | $52.13 Million | 50.00% | 0.64x | $87.37 Million |
| Anhui Conch Cement Co Ltd (AHCHY) | $6.85 Billion | 5.94% | 1.81x | $19.28 Billion |
| Amrize Ltd (AMRZ) | $8.21 Billion | 13.50% | 1.52x | $27.46 Billion |
| Basanite Inc (BASA) | $181.76K | -9065.80% | 27.67x | $7.57 Million |
| PT Berkah Beton Sadaya Tbk (BHBSY) | $771.79 Billion | 15.93% | 0.06x | $360.00 Million |
| BRDNF (BRDNF) | $1.11 Billion | 9.50% | 0.69x | $1.54 Billion |
| Brickworks Limited (BRKWF) | $1.84 Billion | 4.25% | 0.37x | $1.23 Billion |
| Capstone Holding Corp. Common Stock (CAPS) | $-879.00K | 0.00% | 0.00x | $3.74 Million |
| Capstone Therapeutics Corp (CAPS) | $3.10 Million | -134.29% | 0.09x | $80.00K |
| Captivision Inc. (CAPT) | $-12.26 Million | 0.00% | 0.00x | $11.82 Million |
| China GengSheng Minerals Inc (CHGS) | $40.48 Million | -33.45% | 3.01x | $0.97 |