LINDSAY CORP (LNN) Stock Fundamental Analysis
USA - NYSE:LNN - US5355551061 - Common Stock
139.81 USD
+0.29 (+0.21%)
139.81 USD
0 (0%)
Overall LNN gets a fundamental rating of 7 out of 10. We evaluated LNN against 128 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 could make LNN a good candidate 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.
In the past 5 years LNN has always been profitable.
LNN had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
The Return On Assets of LNN (9.04%) is better than 76.56% of its industry peers.
The Return On Equity of LNN (14.37%) is better than 71.88% of its industry peers.
With a decent Return On Invested Capital value of 10.19%, LNN is doing good in the industry, outperforming 71.88% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for LNN is in line with the industry average of 10.02%.
| 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 79.69% of the companies in the same industry.
In the last couple of years the Profit Margin of LNN has grown nicely.
LNN's Operating Margin of 13.32% is fine compared to the rest of the industry. LNN outperforms 64.84% of its industry peers.
LNN's Operating Margin has improved in the last couple of years.
LNN has a Gross Margin (31.24%) which is in line with its industry peers.
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
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so LNN is still creating some value.
LNN has less shares outstanding than it did 1 year ago.
The number of shares outstanding for LNN has been increased compared to 5 years ago.
Compared to 1 year ago, LNN has an improved debt to assets ratio.
2.2 Solvency
An Altman-Z score of 5.87 indicates that LNN is not in any danger for bankruptcy at the moment.
With an excellent Altman-Z score value of 5.87, LNN belongs to the best of the industry, outperforming 85.16% of the companies in the same industry.
LNN has a debt to FCF ratio of 1.30. This is a very positive value and a sign of high solvency as it would only need 1.30 years to pay back of all of its debts.
LNN has a better Debt to FCF ratio (1.30) than 83.59% of its industry peers.
A Debt/Equity ratio of 0.22 indicates that LNN is not too dependend on debt financing.
With a decent Debt to Equity ratio value of 0.22, LNN is doing good in the industry, outperforming 71.09% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.22 | ||
| Debt/FCF | 1.3 | ||
| Altman-Z | 5.87 |
ROIC/WACC1.05
WACC9.72%
2.3 Liquidity
A Current Ratio of 3.64 indicates that LNN has no problem at all paying its short term obligations.
With an excellent Current ratio value of 3.64, LNN belongs to the best of the industry, outperforming 85.94% of the companies in the same industry.
A Quick Ratio of 2.64 indicates that LNN has no problem at all paying its short term obligations.
Looking at the Quick ratio, with a value of 2.64, LNN belongs to the top of the industry, outperforming 86.72% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.64 | ||
| Quick Ratio | 2.64 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 5.61% over the past year.
The Earnings Per Share has been growing by 33.12% on average over the past years. This is a very strong growth
Looking at the last year, LNN shows a quite strong growth in Revenue. The Revenue has grown by 9.47% in the last year.
LNN shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 6.45% yearly.
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
Based on estimates for the next years, LNN will show a quite strong growth in Earnings Per Share. The EPS will grow by 9.59% on average per year.
The Revenue is expected to grow by 6.76% on average over the next years.
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
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
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 20.09.
LNN's Price/Earnings ratio is a bit cheaper when compared to the industry. LNN is cheaper than 68.75% of the companies in the same industry.
LNN's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.27.
A Price/Forward Earnings ratio of 21.54 indicates a rather expensive valuation of LNN.
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 22.77, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.09 | ||
| Fwd PE | 21.54 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of LNN indicates a somewhat cheap valuation: LNN is cheaper than 63.28% of the companies listed in the same industry.
Based on the Price/Free Cash Flow ratio, LNN is valued a bit cheaper than the industry average as 76.56% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 17.2 | ||
| EV/EBITDA | 12.61 |
4.3 Compensation for Growth
LNN's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
LNN has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)1.27
PEG (5Y)0.61
EPS Next 2Y3.82%
EPS Next 3Y5%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 1.05%, LNN has a reasonable but not impressive dividend return.
LNN's Dividend Yield is a higher than the industry average which is at 1.74.
With a Dividend Yield of 1.05, LNN pays less dividend than the S&P500 average, which is at 2.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.05% |
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
LNN pays out 20.58% of its income as dividend. This is a 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%
139.81
+0.29 (+0.21%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCapital Goods
GICS IndustryMachinery
Earnings (Last)
Earnings (Next)
Inst Owners104.31%
Inst Owner Change1.06%
Ins Owners0.67%
Ins Owner Change-0.58%
Market Cap1.52B
Analysts75
Price Target156.06 (11.62%)
Short Float %2.9%
Short Ratio2.37
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.05% |
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)10.07%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-8.44%
EPS NY rev (1m)0%
EPS NY rev (3m)4.19%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-2.93%
Revenue NY rev (1m)0%
Revenue NY rev (3m)1%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.09 | ||
| Fwd PE | 21.54 | ||
| P/S | 2.24 | ||
| P/FCF | 17.2 | ||
| P/OCF | 12.45 | ||
| P/B | 2.87 | ||
| P/tB | 3.61 | ||
| EV/EBITDA | 12.61 |
EPS(TTM)6.96
EY4.98%
EPS(NY)6.49
Fwd EY4.64%
FCF(TTM)8.13
FCFY5.81%
OCF(TTM)11.23
OCFY8.03%
SpS62.41
BVpS48.69
TBVpS38.74
PEG (NY)1.27
PEG (5Y)0.61
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 | 5.87 |
F-Score5
WACC9.72%
ROIC/WACC1.05
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%