| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 2/6 |
| Past Performance | 1/6 |
| Financial Health | 5/6 |
| Dividends | 3/6 |
LNN Stock Overview
Lindsay Corporation, together with its subsidiaries, provides water management and road infrastructure products and services in the United States and internationally.
Lindsay Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$131.88 |
| 52 Week High | US$179.27 |
| 52 Week Low | US$116.77 |
| Beta | 0.53 |
| 1 Month Change | -0.008% |
| 3 Month Change | -9.53% |
| 1 Year Change | -19.56% |
| 3 Year Change | 47.96% |
| 5 Year Change | 46.11% |
| Change since IPO | 4,350.95% |
Recent News & Updates
Lindsay (NYSE:LNN) Is Increasing Its Dividend To US$0.34
Lindsay Corporation's ( NYSE:LNN ) dividend will be increasing on the 31st of August to US$0.34, with investors...
Lindsay GAAP EPS of $2.28 beats by $0.68, revenue of $214.3M beats by $25.35M
Lindsay press release (NYSE:LNN): Q3 GAAP EPS of $2.28 beats by $0.68. Revenue of $214.3M (+32.4% Y/Y) beats by $25.35M. “Global agriculture market fundamentals remain positive; however, grower sentiment in the U.S. is being tempered somewhat by inflationary pressures they are experiencing with their input costs and operational expenses. We continue to see increased activity levels in international project markets as concerns over food security and global grain supplies have been heightened by the ongoing conflict between Russia and Ukraine. In the infrastructure business, we expect to complete delivery of the Road Zipper System project that began in the third quarter, and we also expect to begin delivery of another significant project in the fourth quarter. We remain optimistic regarding growth opportunities for this business based on the quality of our sales funnel and increasing commercial activity.” said Randy Wood, President and Chief Executive Officer
Is There An Opportunity With Lindsay Corporation's (NYSE:LNN) 38% Undervaluation?
Does the June share price for Lindsay Corporation ( NYSE:LNN ) reflect what it's really worth? Today, we will estimate...
Shareholder Returns
| LNN | US Machinery | US Market | |
|---|---|---|---|
| 7D | 8.1% | -2.9% | -2.2% |
| 1Y | -19.6% | -22.5% | -19.1% |
Return vs Industry: LNN exceeded the US Machinery industry which returned -22.5% over the past year.
Return vs Market: LNN matched the US Market which returned -19.1% over the past year.
Price Volatility
| LNN volatility | |
|---|---|
| LNN Average Weekly Movement | 5.6% |
| Machinery Industry Average Movement | 6.2% |
| Market Average Movement | 8.1% |
| 10% most volatile stocks in US Market | 16.9% |
| 10% least volatile stocks in US Market | 3.3% |
Stable Share Price: LNN is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: LNN's weekly volatility (6%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1954 | 1,235 | Randy Wood | https://www.lindsay.com |
Lindsay Corporation, together with its subsidiaries, provides water management and road infrastructure products and services in the United States and internationally. The company operates in two segments, Irrigation and Infrastructure. The Irrigation segment manufactures and markets center pivot, lateral move irrigation systems, and irrigation controls under the Zimmatic brand; hose reel travelers under the Perrot and Greenfield brands; and chemical injection systems, variable rate irrigation systems, flow meters, weather stations, soil moisture sensors, and remote monitoring and control systems under the GrowSmart brand.
Lindsay Fundamentals Summary
| LNN fundamental statistics | |
|---|---|
| Market Cap | US$1.45b |
| Earnings (TTM) | US$53.34m |
| Revenue (TTM) | US$734.20m |
27.1x
P/E Ratio2.0x
P/S RatioIs LNN overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| LNN income statement (TTM) | |
|---|---|
| Revenue | US$734.20m |
| Cost of Revenue | US$558.57m |
| Gross Profit | US$175.63m |
| Other Expenses | US$122.28m |
| Earnings | US$53.34m |
Last Reported Earnings
May 31, 2022
Next Earnings Date
n/a
| Earnings per share (EPS) | 4.86 |
| Gross Margin | 23.92% |
| Net Profit Margin | 7.27% |
| Debt/Equity Ratio | 30.4% |
How did LNN perform over the long term?
See historical performance and comparisonDividends
1.0%
Current Dividend Yield27%
Payout RatioDoes LNN pay a reliable dividends?
See LNN dividend history and benchmarks| Lindsay dividend dates | |
|---|---|
| Ex Dividend Date | Aug 16 2022 |
| Dividend Pay Date | Aug 31 2022 |
| Days until Ex dividend | 41 days |
| Days until Dividend pay date | 56 days |
Does LNN pay a reliable dividends?
See LNN dividend history and benchmarksValuation
Is LNN undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
2/6Valuation Score 2/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
PEG Ratio
Key Valuation Metric
Which metric is best to use when looking at relative valuation for LNN?
Other financial metrics that can be useful for relative valuation.
| What is LNN's n/a Ratio? | |
|---|---|
| n/a Ratio | 0x |
| n/a | n/a |
| Market Cap | US$1.45b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 2x |
| Enterprise Value/EBITDA | 15.7x |
| PEG Ratio | 1.7x |
Price to Earnings Ratio vs Peers
How does LNN's PE Ratio compare to its peers?
| LNN PE Ratio vs Peers |
|---|
| Company | PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 13.6x | ||
TWI Titan International | 14.5x | 37.1% | US$867.2m |
TTC Toro | 23.1x | 13.5% | US$8.2b |
AGCO AGCO | 8x | 7.7% | US$7.2b |
CNHI CNH Industrial | 8.8x | 2.3% | US$15.8b |
LNN Lindsay | 27.1x | 15.5% | US$1.4b |
Price-To-Earnings vs Peers: LNN is expensive based on its Price-To-Earnings Ratio (27.1x) compared to the peer average (13.6x).
Price to Earnings Ratio vs Industry
How does LNN's PE Ratio compare vs other companies in the US Machinery Industry?
Price-To-Earnings vs Industry: LNN is expensive based on its Price-To-Earnings Ratio (27.1x) compared to the US Machinery industry average (20.2x)
Price to Earnings Ratio vs Fair Ratio
What is LNN'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.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 27.1x |
| Fair PE Ratio | 18.2x |
Price-To-Earnings vs Fair Ratio: LNN is expensive based on its Price-To-Earnings Ratio (27.1x) compared to the estimated Fair Price-To-Earnings Ratio (18.2x).
Share Price vs Fair Value
What is the Fair Price of LNN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: LNN ($131.88) is trading below our estimate of fair value ($222.27)
Significantly Below Fair Value: LNN is trading below fair value by more than 20%.
Price to Earnings Growth Ratio
PEG Ratio: LNN is poor value based on its PEG Ratio (1.7x)
Discover undervalued companies
Future Growth
How is Lindsay forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Future Growth Score
2/6Future Growth Score 2/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
15.5%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: LNN's forecast earnings growth (15.5% per year) is above the savings rate (1.9%).
Earnings vs Market: LNN's earnings (15.5% per year) are forecast to grow faster than the US market (12.8% per year).
High Growth Earnings: LNN's earnings are forecast to grow, but not significantly.
Revenue vs Market: LNN's revenue (3% per year) is forecast to grow slower than the US market (7.8% per year).
High Growth Revenue: LNN's revenue (3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if LNN's Return on Equity is forecast to be high in 3 years time
Discover growth companies
Past Performance
How has Lindsay performed over the past 5 years?
Past Performance Score
1/6Past Performance Score 1/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
23.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: LNN has a high level of non-cash earnings.
Growing Profit Margin: LNN's current net profit margins (7.3%) are lower than last year (9.5%).
Past Earnings Growth Analysis
Earnings Trend: LNN's earnings have grown significantly by 23.9% per year over the past 5 years.
Accelerating Growth: LNN's earnings growth over the past year (3.7%) is below its 5-year average (23.9% per year).
Earnings vs Industry: LNN earnings growth over the past year (3.7%) underperformed the Machinery industry 23.3%.
Return on Equity
High ROE: LNN's Return on Equity (14%) is considered low.
Discover strong past performing companies
Financial Health
How is Lindsay's financial position?
Financial Health Score
5/6Financial Health Score 5/6
Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage
Financial Position Analysis
Short Term Liabilities: LNN's short term assets ($475.4M) exceed its short term liabilities ($173.8M).
Long Term Liabilities: LNN's short term assets ($475.4M) exceed its long term liabilities ($157.3M).
Debt to Equity History and Analysis
Debt Level: LNN's net debt to equity ratio (5.2%) is considered satisfactory.
Reducing Debt: LNN's debt to equity ratio has reduced from 44.4% to 30.4% over the past 5 years.
Debt Coverage: LNN's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: LNN's interest payments on its debt are well covered by EBIT (20.1x coverage).
Balance Sheet
Discover healthy companies
Dividend
What is Lindsay current dividend yield, its reliability and sustainability?
Dividend Score
3/6Dividend Score 3/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Cash Flow Coverage
1.03%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: LNN's dividend (1.03%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.6%).
High Dividend: LNN's dividend (1.03%) is low compared to the top 25% of dividend payers in the US market (4.24%).
Stability and Growth of Payments
Stable Dividend: LNN's dividends per share have been stable in the past 10 years.
Growing Dividend: LNN's dividend payments have increased over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (27.1%), LNN's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: LNN is paying a dividend but the company has no free cash flows.
Discover strong dividend paying companies
Management
How experienced are the management team and are they aligned to shareholders interests?
3.6yrs
Average management tenure
CEO
Randy Wood (50 yo)
1.5yrs
Tenure
US$2,203,151
Compensation
Mr. Randy A. Wood has been President and Chief Executive Officer of Lindsay Corporation since January 1, 2021. Mr. Wood had been Chief Operating Officer at Lindsay Corporation since September 01, 2020 unti...
CEO Compensation Analysis
Compensation vs Market: Randy's total compensation ($USD2.20M) is below average for companies of similar size in the US market ($USD5.53M).
Compensation vs Earnings: Randy's compensation has increased by more than 20% in the past year.
Leadership Team
Experienced Management: LNN's management team is considered experienced (3.6 years average tenure).
Board Members
Experienced Board: LNN's board of directors are considered experienced (4 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: LNN insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Lindsay Corporation's employee growth, exchange listings and data sources
Key Information
- Name: Lindsay Corporation
- Ticker: LNN
- Exchange: NYSE
- Founded: 1954
- Industry: Agricultural and Farm Machinery
- Sector: Capital Goods
- Implied Market Cap: US$1.448b
- Shares outstanding: 10.98m
- Website: https://www.lindsay.com
Number of Employees
Location
- Lindsay Corporation
- 18135 Burke Street
- Suite 100
- Omaha
- Nebraska
- 68022
- United States
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/07/05 00:00 |
| End of Day Share Price | 2022/07/05 00:00 |
| Earnings | 2022/05/31 |
| Annual Earnings | 2021/08/31 |
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.