LINDSAY CORP (LNN) Stock Fundamental Analysis
USA - NYSE:LNN - US5355551061 - Common Stock
129.87 USD
-1.15 (-0.88%)
129.87 USD
0 (0%)
LNN gets a fundamental rating of 7 out of 10. The analysis compared the fundamentals against 130 industry peers in the Machinery industry. Both the health and profitability get an excellent rating, making LNN a very profitable company, without any liquidiy or solvency issues. LNN has a correct valuation and a medium growth rate. These ratings would make LNN suitable for quality investing!
1. Profitability
1.1 Basic Checks
LNN had positive earnings in the past year.
In the past year LNN had a positive cash flow from operations.
LNN had positive earnings in each of the past 5 years.
Each year in the past 5 years LNN had a positive operating cash flow.
1.2 Ratios
With a decent Return On Assets value of 9.04%, LNN is doing good in the industry, outperforming 76.92% of the companies in the same industry.
LNN's Return On Equity of 14.37% is fine compared to the rest of the industry. LNN outperforms 73.85% of its industry peers.
With a decent Return On Invested Capital value of 10.19%, LNN is doing good in the industry, outperforming 72.31% of the companies in the same industry.
LNN had an Average Return On Invested Capital over the past 3 years of 11.96%. This is in line with the industry average of 10.01%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 9.04% | ||
| ROE | 14.37% | ||
| ROIC | 10.19% |
ROA(3y)9.21%
ROA(5y)8.22%
ROE(3y)15.44%
ROE(5y)14.37%
ROIC(3y)11.96%
ROIC(5y)10.63%
1.3 Margins
Looking at the Profit Margin, with a value of 11.21%, LNN is in the better half of the industry, outperforming 80.00% of the companies in the same industry.
LNN's Profit Margin has improved in the last couple of years.
With a decent Operating Margin value of 13.32%, LNN is doing good in the industry, outperforming 66.92% of the companies in the same industry.
In the last couple of years the Operating Margin of LNN has grown nicely.
The Gross Margin of LNN (31.24%) is comparable to the rest of the industry.
LNN's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 13.32% | ||
| PM (TTM) | 11.21% | ||
| GM | 31.24% |
OM growth 3Y9.81%
OM growth 5Y55.82%
PM growth 3Y13.29%
PM growth 5Y85.61%
GM growth 3Y5.95%
GM growth 5Y4.05%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), LNN is creating some value.
The number of shares outstanding for LNN has been reduced compared to 1 year ago.
LNN has more shares outstanding than it did 5 years ago.
The debt/assets ratio for LNN has been reduced compared to a year ago.
2.2 Solvency
An Altman-Z score of 5.67 indicates that LNN is not in any danger for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 5.67, LNN belongs to the top of the industry, outperforming 82.31% of the companies in the same industry.
The Debt to FCF ratio of LNN is 1.30, which is an excellent value as it means it would take LNN, only 1.30 years of fcf income to pay off all of its debts.
LNN has a better Debt to FCF ratio (1.30) than 85.38% of its industry peers.
A Debt/Equity ratio of 0.22 indicates that LNN is not too dependend on debt financing.
LNN has a Debt to Equity ratio of 0.22. This is in the better half of the industry: LNN outperforms 70.77% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.22 | ||
| Debt/FCF | 1.3 | ||
| Altman-Z | 5.67 |
ROIC/WACC1.1
WACC9.23%
2.3 Liquidity
LNN has a Current Ratio of 3.64. This indicates that LNN is financially healthy and has no problem in meeting its short term obligations.
The Current ratio of LNN (3.64) is better than 86.92% of its industry peers.
A Quick Ratio of 2.64 indicates that LNN has no problem at all paying its short term obligations.
LNN's Quick ratio of 2.64 is amongst the best of the industry. LNN outperforms 85.38% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.64 | ||
| Quick Ratio | 2.64 |
3. Growth
3.1 Past
LNN shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 5.61%.
LNN shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 33.12% yearly.
LNN shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 9.47%.
Measured over the past years, LNN shows a small growth in Revenue. The Revenue has been growing by 6.45% on average per year.
EPS 1Y (TTM)5.61%
EPS 3Y15.87%
EPS 5Y33.12%
EPS Q2Q%-3.78%
Revenue 1Y (TTM)9.47%
Revenue growth 3Y2.27%
Revenue growth 5Y6.45%
Sales Q2Q%21.74%
3.2 Future
LNN is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 9.59% yearly.
LNN is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.76% yearly.
EPS Next Y15.85%
EPS Next 2Y3.82%
EPS Next 3Y5%
EPS Next 5Y9.59%
Revenue Next Year13.77%
Revenue Next 2Y6.1%
Revenue Next 3Y5.6%
Revenue Next 5Y6.76%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
4. Valuation
4.1 Price/Earnings Ratio
LNN is valuated rather expensively with a Price/Earnings ratio of 18.66.
Compared to the rest of the industry, the Price/Earnings ratio of LNN indicates a somewhat cheap valuation: LNN is cheaper than 67.69% of the companies listed in the same industry.
LNN is valuated rather cheaply when we compare the Price/Earnings ratio to 27.40, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 20.01, LNN is valued on the expensive side.
The rest of the industry has a similar Price/Forward Earnings ratio as LNN.
LNN is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 22.94, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.66 | ||
| Fwd PE | 20.01 |
4.2 Price Multiples
67.69% of the companies in the same industry are more expensive than LNN, based on the Enterprise Value to EBITDA ratio.
Based on the Price/Free Cash Flow ratio, LNN is valued a bit cheaper than the industry average as 78.46% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 15.98 | ||
| EV/EBITDA | 11.67 |
4.3 Compensation for Growth
LNN's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
The decent profitability rating of LNN may justify a higher PE ratio.
PEG (NY)1.18
PEG (5Y)0.56
EPS Next 2Y3.82%
EPS Next 3Y5%
5. Dividend
5.1 Amount
LNN has a Yearly Dividend Yield of 1.13%.
Compared to an average industry Dividend Yield of 1.81, LNN pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.36, LNN's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.13% |
5.2 History
The dividend of LNN has a limited annual growth rate of 2.67%.
LNN has been paying a dividend for at least 10 years, so it has a reliable track record.
LNN has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)2.67%
Div Incr Years22
Div Non Decr Years28
5.3 Sustainability
20.58% of the earnings are spent on dividend by LNN. This is a low number and sustainable payout ratio.
LNN's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP20.58%
EPS Next 2Y3.82%
EPS Next 3Y5%
129.87
-1.15 (-0.88%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryMachinery
Earnings (Last)
Earnings (Next)
Inst Owners103.05%
Inst Owner Change-0.08%
Ins Owners0.66%
Ins Owner Change-0.58%
Market Cap1.41B
Analysts75
Price Target156.06 (20.17%)
Short Float %3.1%
Short Ratio3.74
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.13% |
Yearly Dividend1.42
Dividend Growth(5Y)2.67%
DP20.58%
Div Incr Years22
Div Non Decr Years28
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)26.54%
Min EPS beat(2)25.44%
Max EPS beat(2)27.65%
EPS beat(4)4
Avg EPS beat(4)19.73%
Min EPS beat(4)11.43%
Max EPS beat(4)27.65%
EPS beat(8)8
Avg EPS beat(8)25.01%
EPS beat(12)11
Avg EPS beat(12)18.92%
EPS beat(16)13
Avg EPS beat(16)14.02%
Revenue beat(2)2
Avg Revenue beat(2)5.37%
Min Revenue beat(2)4.46%
Max Revenue beat(2)6.28%
Revenue beat(4)3
Avg Revenue beat(4)3.3%
Min Revenue beat(4)-3.03%
Max Revenue beat(4)6.28%
Revenue beat(8)4
Avg Revenue beat(8)-0.19%
Revenue beat(12)5
Avg Revenue beat(12)-2.74%
Revenue beat(16)9
Avg Revenue beat(16)0.6%
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.66 | ||
| Fwd PE | 20.01 | ||
| P/S | 2.08 | ||
| P/FCF | 15.98 | ||
| P/OCF | 11.56 | ||
| P/B | 2.67 | ||
| P/tB | 3.35 | ||
| EV/EBITDA | 11.67 |
EPS(TTM)6.96
EY5.36%
EPS(NY)6.49
Fwd EY5%
FCF(TTM)8.13
FCFY6.26%
OCF(TTM)11.23
OCFY8.65%
SpS62.41
BVpS48.69
TBVpS38.74
PEG (NY)1.18
PEG (5Y)0.56
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 9.04% | ||
| ROE | 14.37% | ||
| ROCE | 13.08% | ||
| ROIC | 10.19% | ||
| ROICexc | 14.66% | ||
| ROICexgc | 18.92% | ||
| OM | 13.32% | ||
| PM (TTM) | 11.21% | ||
| GM | 31.24% | ||
| FCFM | 13.02% |
ROA(3y)9.21%
ROA(5y)8.22%
ROE(3y)15.44%
ROE(5y)14.37%
ROIC(3y)11.96%
ROIC(5y)10.63%
ROICexc(3y)16.14%
ROICexc(5y)14.6%
ROICexgc(3y)21%
ROICexgc(5y)19.3%
ROCE(3y)15.35%
ROCE(5y)13.64%
ROICexcg growth 3Y3.82%
ROICexcg growth 5Y50.04%
ROICexc growth 3Y4%
ROICexc growth 5Y52.47%
OM growth 3Y9.81%
OM growth 5Y55.82%
PM growth 3Y13.29%
PM growth 5Y85.61%
GM growth 3Y5.95%
GM growth 5Y4.05%
F-Score5
Asset Turnover0.81
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.22 | ||
| Debt/FCF | 1.3 | ||
| Debt/EBITDA | 1.03 | ||
| Cap/Depr | 160.03% | ||
| Cap/Sales | 4.97% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 109.54% | ||
| Profit Quality | 116.2% | ||
| Current Ratio | 3.64 | ||
| Quick Ratio | 2.64 | ||
| Altman-Z | 5.67 |
F-Score5
WACC9.23%
ROIC/WACC1.1
Cap/Depr(3y)103.78%
Cap/Depr(5y)111.93%
Cap/Sales(3y)3.2%
Cap/Sales(5y)3.75%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)5.61%
EPS 3Y15.87%
EPS 5Y33.12%
EPS Q2Q%-3.78%
EPS Next Y15.85%
EPS Next 2Y3.82%
EPS Next 3Y5%
EPS Next 5Y9.59%
Revenue 1Y (TTM)9.47%
Revenue growth 3Y2.27%
Revenue growth 5Y6.45%
Sales Q2Q%21.74%
Revenue Next Year13.77%
Revenue Next 2Y6.1%
Revenue Next 3Y5.6%
Revenue Next 5Y6.76%
EBIT growth 1Y4.38%
EBIT growth 3Y12.29%
EBIT growth 5Y65.88%
EBIT Next Year44.86%
EBIT Next 3Y13.83%
EBIT Next 5Y14.58%
FCF growth 1Y25.4%
FCF growth 3Y56.27%
FCF growth 5YN/A
OCF growth 1Y40.05%
OCF growth 3Y29.59%
OCF growth 5Y90.67%