Smith-Midland
Financial ratios & Valuation

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
-13.3415.289.0812.6522.3115.8218.3832.31134.09261.24126.8722.31
Price/Sales ratio
0.470.540.640.810.930.661.114.832.133.482.270.93
Price/Book Value ratio
1.021.401.801.971.991.482.077.703.246.073.151.99
Price/Cash Flow ratio
7.52844.836.4511.614.447.846.5426.80-16.9326.86-31.217.84
Price/Free Cash Flow ratio
11.18-9.87103.09183.63-16.59-32.8510.0865.07-11.8176.30-5.53-16.59
Price/Earnings Growth ratio
0.06-0.060.05-1.80-0.591.040.530.17-1.49N/A0.71-0.59
Dividend Yield
1.62%1.21%N/A0.14%0.67%0.91%0.57%N/AN/AN/AN/A0.91%
Profitability Indicator Ratios
Gross Profit Margin
17.11%24.34%25.83%27.76%26.08%21.35%25.17%28.47%18.88%17.87%20.02%21.35%
Operating Profit Margin
-5.31%5.71%10.82%8.90%5.50%5.45%8.57%12.17%1.70%1.87%1.63%5.45%
Pretax Profit Margin
-5.79%5.48%10.72%8.96%5.61%5.37%8.64%17.95%1.88%2.22%1.94%5.37%
Net Profit Margin
-3.58%3.57%7.07%6.43%4.19%4.17%6.07%14.94%1.59%1.33%1.79%4.17%
Effective Tax Rate
38.22%34.78%34.02%28.25%25.32%21.89%29.72%16.75%15.34%39.90%7.65%21.89%
Return on Assets
-4.93%5.54%11.78%9.18%4.07%4.62%5.73%14.19%1.47%1.29%1.51%4.62%
Return On Equity
-7.68%9.16%19.90%15.60%8.95%9.36%11.26%23.84%2.42%2.32%2.53%9.36%
Return on Capital Employed
-8.93%11.65%22.83%17.36%7.47%7.83%9.99%15.64%1.98%2.46%1.72%7.83%
Liquidity Ratios
Current Ratio
4.072.983.132.421.841.982.62N/AN/AN/A2.671.84
Quick Ratio
3.482.432.621.981.541.742.371.792.231.752.251.54
Cash ratio
1.210.380.690.430.160.140.980.970.590.570.990.16
Days of Sales Outstanding
82.1387.3967.9792.54131.61105.2687.7078.29128.79108.64108.94108.94
Days of Inventory outstanding
33.8341.2031.6942.5743.7022.2824.4028.6634.2738.4139.8139.81
Operating Cycle
115.96128.6099.66135.11175.32127.54112.10106.96163.07147.0666.68127.54
Days of Payables Outstanding
22.5828.8125.6937.0451.7131.6020.7520.8652.2054.7245.7445.74
Cash Conversion Cycle
93.3899.7973.9798.06123.6195.9391.3586.09110.8692.3373.0195.93
Debt Ratios
Debt Ratio
0.150.130.160.120.100.120.160.070.110.090.390.10
Debt Equity Ratio
0.240.220.270.200.230.240.320.130.190.160.640.23
Long-term Debt to Capitalization
0.170.150.190.140.120.160.220.100.140.120.150.12
Total Debt to Capitalization
0.190.180.210.170.190.190.240.110.160.140.160.19
Interest Coverage Ratio
-11.6315.2926.6820.1912.5914.2217.32N/AN/AN/A3.2114.22
Cash Flow to Debt Ratio
0.540.001.010.821.880.770.972.20-0.981.33-0.490.77
Company Equity Multiplier
1.551.651.681.692.192.021.961.671.641.791.642.02
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.060.000.090.070.210.080.170.18-0.120.12-0.070.08
Free Cash Flow / Operating Cash Flow Ratio
0.67-85.570.060.06-0.26-0.230.640.411.430.355.63-0.26
Cash Flow Coverage Ratio
0.540.001.010.821.880.770.972.20-0.981.33-0.490.77
Short Term Coverage Ratio
3.920.046.804.594.953.909.0719.75-9.1111.38-4.703.90
Dividend Payout Ratio
-21.64%18.61%N/A1.82%15.17%14.41%10.58%N/AN/AN/AN/A14.41%