Smith-Midland Corp. (SMID) vs Titan America SA (TTAM)

Smith-Midland Corp. and Titan America SA are both Building Materials companies. Titan America SA is the larger, with a market value of $2.5B against $127.4M — 19.5× the size. Titan America SA trades at the lower P/E: 14.4× against 16.7×. Titan America SA grew revenue faster over the last twelve months: 4.07% against −1.65%. Titan America SA has the higher net margin (10.4% vs 8.63%) and the lower return on invested capital (10.2% vs 13.5%). Across the 20 metrics below, Smith-Midland Corp. leads on 10 and Titan America SA on 10.

Valuation

Metric SMID TTAM Building Materials median
P/E 16.74 14.43 17.22
P/S 1.44 1.49 1.54
P/B 2.26 2.47 2.26
Price to free cash flow 30.77 16.40 30.28
EV/EBITDA 8.51 8.11 9.38
EV/Sales 1.37 1.78 1.85
Earnings yield 5.97% 6.93% 4.53%
Free cash flow yield 3.25% 6.10% 3.08%

Profitability

Metric SMID TTAM Building Materials median
Gross margin 23.46% 25.47% 27.27%
Operating margin 12.07% 15.14% 13.85%
Net margin 8.63% 10.35% 9.59%
Free cash flow margin 4.68% 9.10% 8.06%
Return on equity 14.54% 0.00% 9.62%
Return on assets 9.21% 8.96% 5.86%
Return on invested capital 13.54% 10.22% 6.03%

Growth

Metric SMID TTAM Building Materials median
Revenue growth (TTM) (1.65%) 4.07% 6.93%
EPS growth (last fiscal year) 62.76% 6.32% —
Revenue growth, 5-year CAGR 16.33% — 7.63%
Net income growth, 5-year CAGR 36.23% — 7.04%

Health

Metric SMID TTAM Building Materials median
Debt to equity 0.06 0.52 0.51
Current ratio 4.06 2.08 1.58
Net debt to EBITDA (0.41) 0.64 1.48

Dividend

Metric SMID TTAM Building Materials median
Dividend yield — — 0.74%
Payout ratio 0.00 — 0.08

Size

Metric SMID TTAM Building Materials median
Market cap 127.42m 2.49b 2.76b

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