ROARABLE // PRO
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SMID // Smith-Midland Corporation

DES <GO> NASDAQ RQD COCKPIT → CIK 0000924719 ↗
Industrials • Building Materials
$22.51 ▲ +0.17 (+0.76%)
MKT CAP: $118.5M • VOL: 5.9K
SMID // ROARABLE RATING & 5-PILLAR RQD CONFIDENCE 02:00 EST DETERMINISTIC ENGINE
PRIOR: RQD 78/100 [B+] (+0 PT) • UNCHANGED
ROARABLE B+
RQD CONFIDENCE
78 / 100 +0D
5 X 20-PT QUANT PILLARS
E 0 D 35 C 59 B 70 A 86+
Roarable Buy — Very Good Cash & Smart-Money Inflow
01 MASSIVE / SEC XBRL
Forensic Fundamentals
17 / 20
STRONG
FCF +200% vs NI +62.9% • ROIC-WACC +16.1% • Z 5.05
02 INSTITUTIONAL TAPE & TREND
Whale & Options Flow
[LOCKED] FLAGGED
UNLOCK BELOW TO REVEAL
03 SEC XBRL CAPITAL ALLOCATION
Insider & Capital Conviction
18 / 20
STRONG
FCF YIELD +4.2% • P/E 8x • F-SCORE 8/9
04 FRED 90D r-MATRIX
Macro Regime Fit
[LOCKED] FLAGGED
UNLOCK BELOW TO REVEAL
05 10-K REDLINE AUDIT
Forensic 10-K Risk
16 / 20
STRONG
20 BASE - 4 DEDUCT • 0 CRIT / 0 MED • STABLE
ALERT

Why did SMID's Whale & Options Flow & Macro Regime Fit sub-score just flash a warning? Enter your email to unlock the full 5-Pillar Rating Breakdown + get instant alerts whenever SMID is Upgraded or Downgraded.

SMID // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: -33.36%▲ RESISTANCE BREAKOUT
2026-10-30O $22.22H $22.57L $22.14C $22.51VOL 5.9K
RES: $22.31SUP: $19.89SMA50: $23.72SMA200: $29.71
$37.08$32.69$28.30$23.92$19.53RES $22.31SUP $19.89$22.512026-04-302026-06-152026-07-312026-09-162026-10-30
SMID // INSTITUTIONAL BULL VS. BEAR FORENSIC DEBATE
ACCUMULATE CONVICTION: 65/100
BEAR 0
100 BULL

Smith-Midland Corporation (SMID) exhibits 27.9% gross margins and 24.7% return on invested capital within Industrials (Building Materials), balanced against a 4.8x enterprise multiple and 4.8% implied options volatility.

▲ INSTITUTIONAL BULL THESIS (LONG)
01. Operating Leverage & Capital Efficiency Moat

Sustained 27.9% gross profitability converts into 18.2% operating margin and 24.7% ROIC, outpacing sector cost of capital.

ROIC: 24.7% // GM: 27.9%
02. Top-Line Expansion & Cash Conversion

YoY revenue trajectory of +19.0% paired with 4.19% free cash flow yield supports self-funded R&D and capital return.

REV YOY: +19.0% // FCF YLD: 4.19%
03. Balance Sheet Solvency & Forensic Quality

Altman Z-Score of 5.05 and Piotroski F-Score of 8/9 indicate low near-term refinancing stress.

ALTMAN Z: 5.05 // F-SCORE: 8/9
▼ INSTITUTIONAL BEAR THESIS (SHORT / RISK)
01. Multiple Compression & Duration Sensitivity

Trading at 9.5x trailing P/E (8.0x Fwd P/E) leaves valuation vulnerable if real 10Y TIPS yields spike.

P/E: 9.5x // EV/EBITDA: 4.8x
02. Options Skew & Event Volatility Risk

Options market prices a ±5.2% implied move with a 0.85 put/call ratio around $22.51 max pain.

IMPL MOVE: ±5.2% // P/C: 0.85
03. Competitive Margin & CapEx Cycle Pressure

Elevated industry capital intensity and customer concentration in Building Materials require continuous execution to defend 13.4% net margins.

NET MARGIN: 13.4% // D/E: 0.45x
KEY CATALYST // Upcoming 10-Q/10-K XBRL margin progression, guidance revision vs 8.0x forward consensus, and institutional 13F positioning.
MACRO REGIME // Monitor US 10Y Real Yields (DFII10) and High-Yield Credit Spreads (OAS) for beta-adjusted multiple impact (Beta 1.10).
FORM 4 & 13F FLOW OPEN OWN <GO>
FILER SIDE $ VALUE
INSPECT FULL OWNERSHIP LEDGER IN OWN <GO>
UNUSUAL OPTIONS TAPE OPEN OPT <GO>
STRIKE / EXP TYPE PREMIUM
INSPECT GEX & CHAIN IN OPT <GO>
KEY VALUATION & PROFITABILITY RATIOS XBRL FA <GO>
TRAILING P/E 9.5x
FORWARD P/E 8.0x
EV / EBITDA 4.8x
FCF YIELD 4.19%
GROSS MARGIN 27.9%
OPERATING MARGIN 18.2%
NET MARGIN 13.4%
ROIC % 24.7%
REV GROWTH YOY +19.0%
DILUTED EPS TTM $2.36
DEBT / EQUITY —
DIVIDEND YIELD 0.00%
RSI-14 MOMENTUM 49.7
5Y EQUITY BETA —
FRED MACRO SENSITIVITY (PEARSON r) ECST <GO>
MACRO CORRELATION CALIBRATION ACTIVE BELOW.
FRED MACRO REGIME STRESS-TEST SIMULATOR // SMIDPEARSON R VARIANCE ENGINE
01 // SELECT FEDERAL RESERVE & CREDIT SHOCK SCENARIO
02 // POSITION NOTIONAL EXPOSURE
HEADLINE STRESS SCORE
75/100SEVERE DRAWDOWN PRESSURE
PRIMARY FACTOR EXPOSURE
DFII10 // -0.61 r
Latest: 2.08%
EST. DIRECTIONAL MOVE
-8.50%
Implied Px: $20.60
EST. DOLLAR VARIANCE
-$4,248
On $50,000 Notional
[LOCKED // MULTI-FACTOR DRAWDOWN HEDGE & MACRO TRIGGER ALERT]

Unblur the exact $50,000 delta-adjusted ETF/options hedge ratio for SMID & activate live FRED threshold breach alerts.

HEAD-TO-HEAD PEER COMPARISONS COMP <GO>