Stock fact sheet · data as of
Smith-Midland Corporation (SMID): fair value, margin of safety and Wheel Score
Basic Materials · Construction Materials · United States · High Growth
Is SMID undervalued?
SMID has a margin of safety of 43%: the stock closed at 22.34 on 16 Oct 2026 against a GLS average fair value of 39.47. 5 of the 8 valuation models that produced a number sit above the price. Our screens treat a discount this large as a strong starting point for a cash-secured put, not as a verdict - the fair value is a model output, and a wide gap can mean the models are missing something the market knows.
There is a wide gap between DCF (1.93) and GLS Growth (89.15). When the models are this far apart the "fair value" is really a range, and the margin of safety above should be read with that range in mind.
The nightly engine files SMID under High Growth: revenue and earnings growing fast enough that the growth-based models carry the valuation.
Nine valuation models for SMID
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 1.93 | -91% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 18.77 | -16% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 83.29 | +273% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 36.40 | +63% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 89.15 | +299% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 38.92 | +74% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 31.10 | +39% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | - | - | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend; no value tonight |
| EPV | 16.18 | -28% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | 2.89 | -87% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 0.0000 | -100% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Smith-Midland Corporation scores 6 of 9 on the Piotroski F-score: a middling result that passes the Sunday Scan's "6 or more" rule. Some of the nine tests on profitability, leverage and efficiency are failed, so the accounts are worth a look before selling a put on the name. On durability SMID scores 6.4/10 on the GLS Moat - a middle reading; the Scorecard on the Quote page's Financials tab shows which ten-year lines are steady and which are not.
Returns on capital are high - ROIC 21.3%, ROE 23.0%, ROA 14.3% - with debt at 0.08 times equity and a free-cash-flow yield of 3.5%.
Smith-Midland Corporation pays no dividend, so the DDM model does not apply and a covered-call holder earns only the premium and any price gain. Revenue comes mainly from Service Revenue 100% (quarter Q4 FY2021).
Institutional ownership scores 7/10, insider activity 9/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 6 / 9 | ROIC | 21.3% |
|---|---|---|---|
| GLS Moat | 6.4 / 10 | ROE | 23.0% |
| Debt / equity | 0.08 | ROA | 14.3% |
| Free-cash-flow yield | 3.5% | Payout ratio | 0% |
| Institutions | 7 / 10 | Insiders · Congress | 9 · 5 / 10 |
Wheel Score 39: No options
No options are listed on Smith-Midland Corporation in our nightly snapshot. The Wheel Score is therefore capped at 39 (it reads 39) and the stock is left out of every options screen; the fair value and health figures above are still useful for a plain stock position.
Volume runs at 9k shares a day on a market cap of $119M, with a beta of 1.67 - a high beta, so the stock tends to move more than the market and a strike can be gapped through; the Stability part of the Wheel Score gives that 4 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 25 / 25 | 43% margin of safety | |
| Health | 13 / 20 | Piotroski 6/9 | |
| Moat | 10 / 15 | moat 6.4/10 | |
| Premium | 0 / 20 | no option data | |
| Stability | 4 / 20 | 9k shares/day, $119M cap, beta 1.67 |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls; it is updated nightly and is not a recommendation. The walkthrough lesson shows how the score fits into a trade, start to finish.
Upcoming events
The next earnings report is due on 12 Nov 2026, 27 days away; a 30-45-day put sold today would expire after it, which is worth weighing against the premium.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Construction Materials
The 12 companies below are the closest to Smith-Midland Corporation by market cap within the Construction Materials industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| JLHL Julong Holding Limited | 4.77 | 5.52 | +14% | 39No options | $102M |
| CSTE Caesarstone Ltd. | 2.70 | - | - | 35Weak | $93M |
| RMIX Suncrete, Inc. Class A Common Stock | 10.19 | - | - | 39No options | $239M |
| LMB Limbach Holdings, Inc. | 47.80 | 80.69 | +41% | 69Good | $570M |
| JBI Janus International Group, Inc. | 4.22 | 6.49 | +35% | 66Good | $576M |
| SWIM Latham Group, Inc. | 6.00 | 3.12 | -92% | 45Weak | $706M |
| APOG Apogee Enterprises, Inc. | 41.26 | 64.34 | +36% | 78Good | $862M |
| NX Quanex Building Products Corporation | 19.32 | 22.89 | +16% | 71Good | $885M |
| NPKI NPK International Inc. | 10.67 | 11.29 | +6% | 66Good | $906M |
| NWPX NWPX Infrastructure, Inc. | 98.15 | 111.76 | +12% | 73Good | $946M |
| ACPS AC Partners Inc. | 0.3980 | 1.30 | +69% | 39No options | $15M |
| MCEM The Monarch Cement Company | 260.00 | 361.08 | +28% | 39No options | $977M |
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Start free See the Sunday ScanQuestions about SMID
Is SMID undervalued right now?
By the GLS models, yes: at 22.34 the stock is 43% below the average fair value of 39.47 (data as of 16 Oct 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of SMID and what does it mean?
SMID has no listed options in our nightly snapshot, so it cannot be wheeled; its Wheel Score is capped at 39 and shown as "No options".
What is the GLS fair value for SMID?
39.47 per share as of 16 Oct 2026 - the simple average of the 8 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does Smith-Midland Corporation report earnings next?
The next earnings report is due on 12 Nov 2026, 27 days from the data date of 16 Oct 2026. The Calendars page lists every upcoming report with its time of day.
Does SMID have listed options, and how liquid are they?
No. The nightly options snapshot found no listed contracts on SMID, so the wheel strategy cannot be run on it and the Wheel Score is capped at 39.