company background image
LAU

Lindsay Australia ASX:LAU Stock Report

Last Price

AU$0.59

Market Cap

AU$179.7m

7D

7.3%

1Y

59.5%

Updated

03 Oct, 2022

Data

Company Financials +
LAU fundamental analysis
Snowflake Score
Valuation3/6
Future Growth1/6
Past Performance5/6
Financial Health4/6
Dividends4/6

LAU Stock Overview

Lindsay Australia Limited, together with its subsidiaries, provides integrated transport, logistics, and rural supply services to the agriculture, horticulture, and food-related industries in Australia.

Lindsay Australia Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Lindsay Australia
Historical stock prices
Current Share PriceAU$0.59
52 Week HighAU$0.64
52 Week LowAU$0.36
Beta0.072
1 Month Change1.72%
3 Month Change35.63%
1 Year Change59.46%
3 Year Change68.57%
5 Year Change53.25%
Change since IPO-48.70%

Recent News & Updates

Aug 19
A Look At The Fair Value Of Lindsay Australia Limited (ASX:LAU)

A Look At The Fair Value Of Lindsay Australia Limited (ASX:LAU)

How far off is Lindsay Australia Limited ( ASX:LAU ) from its intrinsic value? Using the most recent financial data...

Shareholder Returns

LAUAU TransportationAU Market
7D7.3%-4.5%-1.7%
1Y59.5%-16.3%-10.8%

Return vs Industry: LAU exceeded the Australian Transportation industry which returned -16.3% over the past year.

Return vs Market: LAU exceeded the Australian Market which returned -10.8% over the past year.

Price Volatility

Is LAU's price volatile compared to industry and market?
LAU volatility
LAU Average Weekly Movement7.0%
Transportation Industry Average Movement6.9%
Market Average Movement9.4%
10% most volatile stocks in AU Market16.5%
10% least volatile stocks in AU Market4.2%

Stable Share Price: LAU is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: LAU's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19931,494Michael Lindsayhttps://www.lindsayaustralia.com.au

Lindsay Australia Limited, together with its subsidiaries, provides integrated transport, logistics, and rural supply services to the agriculture, horticulture, and food-related industries in Australia. The company operates through Transport and Rural segments. It also provides packaging, fertilizers, chemicals, and irrigation equipment services.

Lindsay Australia Fundamentals Summary

How do Lindsay Australia's earnings and revenue compare to its market cap?
LAU fundamental statistics
Market CapAU$179.68m
Earnings (TTM)AU$19.23m
Revenue (TTM)AU$556.18m

9.3x

P/E Ratio

0.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
LAU income statement (TTM)
RevenueAU$556.18m
Cost of RevenueAU$369.95m
Gross ProfitAU$186.23m
Other ExpensesAU$167.00m
EarningsAU$19.23m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.064
Gross Margin33.48%
Net Profit Margin3.46%
Debt/Equity Ratio31.1%

How did LAU perform over the long term?

See historical performance and comparison

Dividends

5.4%

Current Dividend Yield

50%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is LAU undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for LAU?

Other financial metrics that can be useful for relative valuation.

LAU key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.6x
Enterprise Value/EBITDA8.2x
PEG Ratio1.6x

Price to Earnings Ratio vs Peers

How does LAU's PE Ratio compare to its peers?

LAU PE Ratio vs Peers
The above table shows the PE ratio for LAU vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average13.4x
KLS Kelsian Group
19.3x12.3%AU$1.1b
SLH Silk Logistics Holdings
12.7x21.7%AU$169.4m
CLX CTI Logistics
6.1xn/aAU$98.5m
KSC K&S
14.9xn/aAU$258.1m
LAU Lindsay Australia
9.3x5.7%AU$179.7m

Price-To-Earnings vs Peers: LAU is good value based on its Price-To-Earnings Ratio (9.3x) compared to the peer average (13.4x).


Price to Earnings Ratio vs Industry

How does LAU's PE Ratio compare vs other companies in the Global Transportation Industry?

Price-To-Earnings vs Industry: LAU is good value based on its Price-To-Earnings Ratio (9.3x) compared to the Global Transportation industry average (12.8x)


Price to Earnings Ratio vs Fair Ratio

What is LAU's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

LAU PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio9.3x
Fair PE Ratio17x

Price-To-Earnings vs Fair Ratio: LAU is good value based on its Price-To-Earnings Ratio (9.3x) compared to the estimated Fair Price-To-Earnings Ratio (17x).


Share Price vs Fair Value

What is the Fair Price of LAU when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: LAU (A$0.59) is trading above our estimate of fair value (A$0.56)

Significantly Below Fair Value: LAU is trading above our estimate of fair value.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is lower than the current share price.


Discover undervalued companies

Future Growth

How is Lindsay Australia forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

Future Growth Score

1/6

Future Growth Score 1/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


5.7%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: LAU's forecast earnings growth (5.7% per year) is above the savings rate (1.8%).

Earnings vs Market: LAU's earnings (5.7% per year) are forecast to grow slower than the Australian market (6.4% per year).

High Growth Earnings: LAU's earnings are forecast to grow, but not significantly.

Revenue vs Market: LAU's revenue (3.4% per year) is forecast to grow slower than the Australian market (3.6% per year).

High Growth Revenue: LAU's revenue (3.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: LAU's Return on Equity is forecast to be low in 3 years time (16.6%).


Discover growth companies

Past Performance

How has Lindsay Australia performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


6.5%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: LAU has high quality earnings.

Growing Profit Margin: LAU's current net profit margins (3.5%) are higher than last year (0.3%).


Past Earnings Growth Analysis

Earnings Trend: LAU's earnings have grown by 6.5% per year over the past 5 years.

Accelerating Growth: LAU's earnings growth over the past year (1433.5%) exceeds its 5-year average (6.5% per year).

Earnings vs Industry: LAU earnings growth over the past year (1433.5%) exceeded the Transportation industry 26.4%.


Return on Equity

High ROE: LAU's Return on Equity (18.7%) is considered low.


Discover strong past performing companies

Financial Health

How is Lindsay Australia's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: LAU's short term assets (A$147.4M) exceed its short term liabilities (A$131.2M).

Long Term Liabilities: LAU's short term assets (A$147.4M) do not cover its long term liabilities (A$177.3M).


Debt to Equity History and Analysis

Debt Level: LAU's net debt to equity ratio (2.9%) is considered satisfactory.

Reducing Debt: LAU's debt to equity ratio has increased from 28.7% to 31.1% over the past 5 years.

Debt Coverage: LAU's debt is well covered by operating cash flow (123.6%).

Interest Coverage: LAU's interest payments on its debt are well covered by EBIT (4.3x coverage).


Balance Sheet


Discover healthy companies

Dividend

What is Lindsay Australia current dividend yield, its reliability and sustainability?

Dividend Score

4/6

Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


5.42%

Current Dividend Yield

Dividend Yield vs Market

Lindsay Australia Dividend Yield vs Market
How does Lindsay Australia dividend yield compare to the market?
SegmentDividend Yield
Company (Lindsay Australia)5.4%
Market Bottom 25% (AU)2.8%
Market Top 25% (AU)7.1%
Industry Average (Transportation)2.0%
Analyst forecast in 3 Years (Lindsay Australia)6.5%

Notable Dividend: LAU's dividend (5.42%) is higher than the bottom 25% of dividend payers in the Australian market (2.8%).

High Dividend: LAU's dividend (5.42%) is low compared to the top 25% of dividend payers in the Australian market (7.15%).


Stability and Growth of Payments

Stable Dividend: LAU's dividend payments have been volatile in the past 10 years.

Growing Dividend: LAU's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (50.1%), LAU's dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (37.4%), LAU's dividend payments are well covered by cash flows.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

6.6yrs

Average management tenure


CEO

Michael Lindsay (64 yo)

25.92yrs

Tenure

AU$1,371,723

Compensation

Mr. Michael Kim Lindsay has been Chief Executive Officer and Managing Director at Lindsay Australia Limited since 2002. Mr. Lindsay founded Lindsay Rural Pty Ltd., a subsidiary of Lindsay Australia in 1983...


CEO Compensation Analysis

Michael Lindsay's Compensation vs Lindsay Australia Earnings
How has Michael Lindsay's remuneration changed compared to Lindsay Australia's earnings?
DateTotal Comp.SalaryCompany Earnings
Jun 30 2022AU$1mAU$845k

AU$19m

Mar 31 2022n/an/a

AU$13m

Dec 31 2021n/an/a

AU$7m

Sep 30 2021n/an/a

AU$4m

Jun 30 2021AU$1mAU$829k

AU$1m

Mar 31 2021n/an/a

AU$4m

Dec 31 2020n/an/a

AU$6m

Sep 30 2020n/an/a

AU$6m

Jun 30 2020AU$1mAU$843k

AU$5m

Mar 31 2020n/an/a

AU$7m

Dec 31 2019n/an/a

AU$9m

Sep 30 2019n/an/a

AU$9m

Jun 30 2019AU$1mAU$828k

AU$9m

Mar 31 2019n/an/a

AU$9m

Dec 31 2018n/an/a

AU$8m

Sep 30 2018n/an/a

AU$8m

Jun 30 2018AU$1mAU$889k

AU$8m

Mar 31 2018n/an/a

AU$7m

Dec 31 2017n/an/a

AU$5m

Sep 30 2017n/an/a

AU$6m

Jun 30 2017AU$997kAU$823k

AU$6m

Mar 31 2017n/an/a

AU$7m

Dec 31 2016n/an/a

AU$9m

Sep 30 2016n/an/a

AU$8m

Jun 30 2016AU$944kAU$822k

AU$8m

Compensation vs Market: Michael's total compensation ($USD883.73K) is above average for companies of similar size in the Australian market ($USD273.55K).

Compensation vs Earnings: Michael's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: LAU's management team is seasoned and experienced (6.6 years average tenure).


Board Members

Experienced Board: LAU's board of directors are not considered experienced ( 1.1 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

ASX:LAU Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
19 Apr 22SellAU$3,381,719Washington H. Soul Pattinson and Company LimitedCompany8,000,364AU$0.43

Ownership Breakdown

What is the ownership structure of LAU?
Owner TypeNumber of SharesOwnership Percentage
Private Companies13,493,5764.5%
Institutions30,152,63910.0%
Public Companies55,526,49118.4%
Individual Insiders90,328,67529.9%
General Public112,485,94937.2%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 20 shareholders own 62.75% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
18.39%
Washington H. Soul Pattinson and Company Limited
55,526,491A$32.8m0%no data
16.46%
Lev Mizikovsky
49,703,283A$29.3m0.48%no data
5.56%
BKI Investment Company Limited
16,783,130A$9.9m0%0.85%
4.64%
Michael Lindsay
14,012,472A$8.3m-43.28%no data
4.42%
Milton Corporation Limited
13,341,599A$7.9m0%0.51%
1.88%
Thomas Lindsay
5,682,201A$3.4m0%no data
1.88%
T. Lindsay
5,682,201A$3.4m0%no data
1.69%
Nicholas Debenham
5,092,401A$3.0m0%no data
1.49%
Archerfield Airport Corporation Pty Ltd
4,500,000A$2.7m-10%no data
1.16%
Mulawa Holdings Pty Ltd
3,499,478A$2.1m-60.91%no data
1.03%
Fred Salome
3,100,000A$1.8m-11.43%no data
0.98%
R.M. And D.M. Pell Pty. Limited
2,944,592A$1.7m0%no data
0.84%
Heading East Pty Ltd
2,549,506A$1.5m0%no data
0.77%
Greta Lindsay
2,328,551A$1.4m0%no data
0.73%
Annette Debenham
2,193,366A$1.3m0%no data
0.71%
Geoffrey O'Brien
2,150,000A$1.3m0%no data
0.093%
Matthew Stubbs
280,000A$165.2k0%no data
0.024%
C. Baker
72,568A$42.8k4.89%no data
0.01%
Justin Green
31,632A$18.7k0%no data
0.0092%
Dimensional Fund Advisors LP
27,910A$16.5k0.03%no data

Company Information

Lindsay Australia Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Lindsay Australia Limited
  • Ticker: LAU
  • Exchange: ASX
  • Founded: 1993
  • Industry: Trucking
  • Sector: Transportation
  • Implied Market Cap: AU$179.682m
  • Shares outstanding: 301.99m
  • Website: https://www.lindsayaustralia.com.au

Number of Employees


Location

  • Lindsay Australia Limited
  • 152 Postle Street
  • Acacia Ridge
  • Queensland
  • 4110
  • Australia


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
LAUASX (Australian Securities Exchange)YesOrdinary SharesAUAUDJul 1994
LAUCHIA (Chi-X Australia)YesOrdinary SharesAUAUDJul 1994

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/03 00:00
End of Day Share Price2022/10/03 00:00
Earnings2022/06/30
Annual Earnings2022/06/30


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.