LINDSAY CORP (LNN) Stock Fundamental Analysis
NYSE:LNN - New York Stock Exchange, Inc. - US5355551061 - Common Stock - Currency: USD
LNN gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 130 industry peers in the Machinery industry. LNN gets an excellent profitability rating and is at the same time showing great financial health properties. LNN has a valuation in line with the averages, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
In the past year LNN was profitable.
LNN had a positive operating cash flow in the past year.
LNN had positive earnings in each of the past 5 years.
In the past 5 years LNN always reported a positive cash flow from operatings.
1.2 Ratios
LNN has a better Return On Assets (8.87%) than 75.59% of its industry peers.
The Return On Equity of LNN (14.00%) is better than 66.93% of its industry peers.
LNN has a Return On Invested Capital of 9.29%. This is in the better half of the industry: LNN outperforms 65.35% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for LNN is in line with the industry average of 11.03%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.87% | ||
| ROE | 14% | ||
| ROIC | 9.29% |
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
LNN's Profit Margin of 11.18% is fine compared to the rest of the industry. LNN outperforms 77.17% of its industry peers.
In the last couple of years the Profit Margin of LNN has grown nicely.
LNN has a better Operating Margin (12.49%) than 62.99% of its industry peers.
In the last couple of years the Operating Margin of LNN has grown nicely.
With a Gross Margin value of 31.23%, LNN perfoms like the industry average, outperforming 50.39% of the companies in the same industry.
In the last couple of years the Gross Margin of LNN has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 12.49% | ||
| PM (TTM) | 11.18% | ||
| GM | 31.23% |
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.
Compared to 1 year ago, LNN has less shares outstanding
LNN has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, LNN has an improved debt to assets ratio.
2.2 Solvency
An Altman-Z score of 6.11 indicates that LNN is not in any danger for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 6.11, LNN belongs to the top of the industry, outperforming 80.31% of the companies in the same industry.
The Debt to FCF ratio of LNN is 1.79, which is an excellent value as it means it would take LNN, only 1.79 years of fcf income to pay off all of its debts.
LNN has a better Debt to FCF ratio (1.79) than 85.83% of its industry peers.
A Debt/Equity ratio of 0.24 indicates that LNN is not too dependend on debt financing.
LNN has a Debt to Equity ratio of 0.24. This is in the better half of the industry: LNN outperforms 65.35% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.24 | ||
| Debt/FCF | 1.79 | ||
| Altman-Z | 6.11 |
ROIC/WACC0.98
WACC9.47%
2.3 Liquidity
LNN has a Current Ratio of 3.87. This indicates that LNN is financially healthy and has no problem in meeting its short term obligations.
LNN's Current ratio of 3.87 is amongst the best of the industry. LNN outperforms 86.61% of its industry peers.
LNN has a Quick Ratio of 2.65. This indicates that LNN is financially healthy and has no problem in meeting its short term obligations.
LNN's Quick ratio of 2.65 is amongst the best of the industry. LNN outperforms 84.25% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.87 | ||
| Quick Ratio | 2.65 |
3. Growth
3.1 Past
LNN shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -0.48%.
Measured over the past years, LNN shows a very strong growth in Earnings Per Share. The EPS has been growing by 33.12% on average per year.
Looking at the last year, LNN shows a decrease in Revenue. The Revenue has decreased by -7.17% in the last year.
The Revenue has been growing slightly by 6.45% on average over the past years.
EPS 1Y (TTM)-0.48%
EPS 3Y15.87%
EPS 5Y33.12%
EPS Q2Q%15.44%
Revenue 1Y (TTM)-7.17%
Revenue growth 3Y2.27%
Revenue growth 5Y6.45%
Sales Q2Q%3.05%
3.2 Future
Based on estimates for the next years, LNN will show a small growth in Earnings Per Share. The EPS will grow by 7.80% on average per year.
The Revenue is expected to grow by 5.70% on average over the next years.
EPS Next Y-4.03%
EPS Next 2Y3.49%
EPS Next 3Y5.56%
EPS Next 5Y7.8%
Revenue Next Year10.7%
Revenue Next 2Y7.2%
Revenue Next 3Y5.54%
Revenue Next 5Y5.7%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 21.54, which indicates a rather expensive current valuation of LNN.
Based on the Price/Earnings ratio, LNN is valued a bit cheaper than 62.99% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 28.46, LNN is valued a bit cheaper.
Based on the Price/Forward Earnings ratio of 20.81, the valuation of LNN can be described as rather expensive.
The rest of the industry has a similar Price/Forward Earnings ratio as LNN.
LNN is valuated cheaply when we compare the Price/Forward Earnings ratio to 92.56, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.54 | ||
| Fwd PE | 20.81 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of LNN is on the same level as its industry peers.
Based on the Price/Free Cash Flow ratio, LNN is valued a bit cheaper than 67.72% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 22.66 | ||
| EV/EBITDA | 14.33 |
4.3 Compensation for Growth
The decent profitability rating of LNN may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.65
EPS Next 2Y3.49%
EPS Next 3Y5.56%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 1.06%, LNN has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 1.62, LNN pays a bit more dividend than its industry peers.
With a Dividend Yield of 1.06, LNN pays less dividend than the S&P500 average, which is at 2.27.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.06% |
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
22.68% 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.
DP22.68%
EPS Next 2Y3.49%
EPS Next 3Y5.56%
LINDSAY CORP
NYSE:LNN (1/31/2025, 8:04:00 PM)
After market: 134.19 0 (0%)134.19
-2.02 (-1.48%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryMachinery
Earnings (Last)
Earnings (Next)
Inst Owners103.64%
Inst Owner Change0.88%
Ins Owners0.73%
Ins Owner Change4.49%
Market Cap1.46B
Analysts75
Price Target140.76 (4.9%)
Short Float %2.41%
Short Ratio3.34
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.06% |
Yearly Dividend1.42
Dividend Growth(5Y)2.67%
DP22.68%
Div Incr Years22
Div Non Decr Years28
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)12.92%
Min EPS beat(2)11.43%
Max EPS beat(2)14.41%
EPS beat(4)4
Avg EPS beat(4)21.62%
Min EPS beat(4)4.42%
Max EPS beat(4)56.22%
EPS beat(8)7
Avg EPS beat(8)15.39%
EPS beat(12)11
Avg EPS beat(12)18.7%
EPS beat(16)13
Avg EPS beat(16)13.63%
Revenue beat(2)1
Avg Revenue beat(2)1.23%
Min Revenue beat(2)-3.04%
Max Revenue beat(2)5.5%
Revenue beat(4)1
Avg Revenue beat(4)-3.72%
Min Revenue beat(4)-12.81%
Max Revenue beat(4)5.5%
Revenue beat(8)2
Avg Revenue beat(8)-5.84%
Revenue beat(12)5
Avg Revenue beat(12)-2.12%
Revenue beat(16)9
Avg Revenue beat(16)1.05%
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)0%
EPS NQ rev (3m)10.49%
EPS NY rev (1m)0%
EPS NY rev (3m)1.42%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)3.84%
Revenue NY rev (1m)-0.04%
Revenue NY rev (3m)-2.57%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.54 | ||
| Fwd PE | 20.81 | ||
| P/S | 2.38 | ||
| P/FCF | 22.66 | ||
| P/OCF | 15.26 | ||
| P/B | 2.98 | ||
| P/tB | 3.84 | ||
| EV/EBITDA | 14.33 |
EPS(TTM)6.23
EY4.64%
EPS(NY)6.45
Fwd EY4.8%
FCF(TTM)5.92
FCFY4.41%
OCF(TTM)8.79
OCFY6.55%
SpS56.35
BVpS44.98
TBVpS34.98
PEG (NY)N/A
PEG (5Y)0.65
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.87% | ||
| ROE | 14% | ||
| ROCE | 11.92% | ||
| ROIC | 9.29% | ||
| ROICexc | 13.32% | ||
| ROICexgc | 17.59% | ||
| OM | 12.49% | ||
| PM (TTM) | 11.18% | ||
| GM | 31.23% | ||
| FCFM | 10.51% |
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 Turnover0.79
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.24 | ||
| Debt/FCF | 1.79 | ||
| Debt/EBITDA | 1.18 | ||
| Cap/Depr | 146.35% | ||
| Cap/Sales | 5.09% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 97.72% | ||
| Profit Quality | 94.02% | ||
| Current Ratio | 3.87 | ||
| Quick Ratio | 2.65 | ||
| Altman-Z | 6.11 |
F-Score5
WACC9.47%
ROIC/WACC0.98
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)-0.48%
EPS 3Y15.87%
EPS 5Y33.12%
EPS Q2Q%15.44%
EPS Next Y-4.03%
EPS Next 2Y3.49%
EPS Next 3Y5.56%
EPS Next 5Y7.8%
Revenue 1Y (TTM)-7.17%
Revenue growth 3Y2.27%
Revenue growth 5Y6.45%
Sales Q2Q%3.05%
Revenue Next Year10.7%
Revenue Next 2Y7.2%
Revenue Next 3Y5.54%
Revenue Next 5Y5.7%
EBIT growth 1Y-22.63%
EBIT growth 3Y12.29%
EBIT growth 5Y65.88%
EBIT Next Year37.38%
EBIT Next 3Y18.03%
EBIT Next 5Y15.8%
FCF growth 1Y312.26%
FCF growth 3Y56.27%
FCF growth 5YN/A
OCF growth 1Y199.35%
OCF growth 3Y29.59%
OCF growth 5Y90.67%