Lindsay
Market Cap
US$924.1m
Last Updated
2020/04/04 02:29 UTC
Data Sources
Company Financials +
Executive Summary
Lindsay Corporation, together with its subsidiaries, provides water management and road infrastructure products and services in the United States and internationally.
Rewards
Risk Analysis
Snowflake Analysis
Moderate growth potential with mediocre balance sheet.
Similar Companies
Share Price & News
How has Lindsay's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: LNN's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
-1.6%
LNN
-0.3%
US Machinery
-2.0%
US Market
1 Year Return
-11.4%
LNN
-25.9%
US Machinery
-15.1%
US Market
Return vs Industry: LNN exceeded the US Machinery industry which returned -25.2% over the past year.
Return vs Market: LNN exceeded the US Market which returned -14.9% over the past year.
Shareholder returns
| LNN | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.6% | -0.3% | -2.0% |
| 30 Day | -13.5% | -22.2% | -19.7% |
| 90 Day | -10.9% | -31.6% | -23.2% |
| 1 Year | -10.2%-11.4% | -23.8%-25.9% | -13.4%-15.1% |
| 3 Year | 3.6%-0.6% | -3.3%-10.4% | 10.9%3.7% |
| 5 Year | 22.1%13.7% | 18.2%3.2% | 28.4%14.4% |
Price Volatility Vs. Market
How volatile is Lindsay's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
A Look At The Intrinsic Value Of Lindsay Corporation (NYSE:LNN)1 month ago | Simply Wall St
Is Lindsay Corporation (NYSE:LNN) A Good Dividend Stock?Valuation
Is Lindsay undervalued compared to its fair value and its price relative to the market?
99.08x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: LNN ($85.46) is trading above our estimate of fair value ($77.16)
Significantly Below Fair Value: LNN is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: LNN is poor value based on its PE Ratio (99.1x) compared to the Machinery industry average (14.8x).
PE vs Market: LNN is poor value based on its PE Ratio (99.1x) compared to the US market (12.5x).
Price to Earnings Growth Ratio
PEG Ratio: LNN is poor value based on its PEG Ratio (3.5x)
Price to Book Ratio
PB vs Industry: LNN is overvalued based on its PB Ratio (3.4x) compared to the US Machinery industry average (1.5x).
Next Steps
Future Growth
How is Lindsay forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
28.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: LNN's forecast earnings growth (28.6% per year) is above the savings rate (1.7%).
Earnings vs Market: LNN's earnings (28.6% per year) are forecast to grow faster than the US market (12.2% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: LNN's revenue (6.8% per year) is forecast to grow slower than the US market (7.1% per year).
High Growth Revenue: LNN's revenue (6.8% 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
Next Steps
Past Performance
How has Lindsay performed over the past 5 years?
-26.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: LNN has high quality earnings.
Growing Profit Margin: LNN's current net profit margins (2.1%) are lower than last year (3.4%).
Past Earnings Growth Analysis
Earnings Trend: LNN's earnings have declined by -26% per year over the past 5 years.
Accelerating Growth: LNN's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: LNN had negative earnings growth (-49.2%) over the past year, making it difficult to compare to the Machinery industry average (-2%).
Return on Equity
High ROE: LNN's Return on Equity (3.4%) is considered low.
Next Steps
Financial Health
How is Lindsay's financial position?
Financial Position Analysis
Short Term Liabilities: LNN's short term assets ($316.6M) exceed its short term liabilities ($84.8M).
Long Term Liabilities: LNN's short term assets ($316.6M) exceed its long term liabilities ($169.0M).
Debt to Equity History and Analysis
Debt Level: LNN's debt to equity ratio (42.5%) is considered high.
Reducing Debt: LNN's debt to equity ratio has increased from 0.4% to 42.5% over the past 5 years.
Debt Coverage: LNN's debt is not well covered by operating cash flow (16.9%).
Interest Coverage: LNN's interest payments on its debt are well covered by EBIT (6.9x coverage).
Balance Sheet
Inventory Level: LNN has a high level of physical assets or inventory.
Debt Coverage by Assets: LNN's debt is covered by short term assets (assets are 2.7x debt).
Next Steps
Dividend
What is Lindsay's current dividend yield, its reliability and sustainability?
1.45%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: LNN's dividend (1.45%) isn’t notable compared to the bottom 25% of dividend payers in the US market (2.04%).
High Dividend: LNN's dividend (1.45%) is low compared to the top 25% of dividend payers in the US market (5.7%).
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.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (143.8%), LNN's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: LNN's dividends in 3 years are forecast to be well covered by earnings (28.5% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.9yrs
Average management tenure
CEO
Tim Hassinger (57yo)
2.5s
Tenure
US$4,271,118
Compensation
Mr. Timothy L. Hassinger, also known as Tim, has been the Chief Executive Officer and President of Lindsay Corporation since October 16, 2017. Mr. Hassinger served as the Chief Executive Officer and Presid ...
CEO Compensation Analysis
Compensation vs Market: Tim's total compensation ($USD4.27M) is above average for companies of similar size in the US market ($USD3.25M).
Compensation vs Earnings: Tim's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 2.5yrs | US$4.27m | 0.21% $1.9m | |
| Senior VP & CFO | 4yrs | US$948.60k | 0.040% $365.3k | |
| President of Infrastructure Division | 3.92yrs | US$702.33k | 0.031% $283.7k | |
| President of Irrigation Division | 3.92yrs | US$923.80k | 0.10% $927.1k | |
| Chief Operating Officer | no data | no data | no data | |
| Chief Accounting Officer & Corporate Controller | 8.67yrs | no data | no data | |
| Senior VP & Chief Information Officer | 7.33yrs | no data | no data | |
| Senior VP | 12yrs | no data | no data | |
| Senior Vice President of Human Resources | 2.25yrs | no data | no data | |
| President of Elecsys International | 0.58yr | no data | no data |
3.9yrs
Average Tenure
47yo
Average Age
Experienced Management: LNN's management team is considered experienced (3.9 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 2.5yrs | US$4.27m | 0.21% $1.9m | |
| Independent Chairman of the Board | 5.25yrs | US$210.00k | 0.051% $470.0k | |
| Independent Director | 5.42yrs | US$158.00k | 0.046% $420.7k | |
| Independent Director | 11.17yrs | US$160.00k | 0.081% $745.2k | |
| Independent Director | 21.25yrs | US$163.69k | 0.27% $2.5m | |
| Independent Director | 6.83yrs | US$163.00k | 0.056% $518.1k | |
| Independent Director | 2.17yrs | US$155.00k | 0.017% $153.1k | |
| Independent Director | 1.33yrs | US$135.28k | 0.0086% $79.7k |
5.3yrs
Average Tenure
62.5yo
Average Age
Experienced Board: LNN's board of directors are considered experienced (5.3 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 company bio, 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
- Market Cap: US$924.110m
- Shares outstanding: 10.81m
- Website: https://www.lindsay.com
Number of Employees
Location
- Lindsay Corporation
- 18135 Burke Street
- Suite 100
- Omaha
- Nebraska
- 68022
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| LNN | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Oct 1988 |
| LMF | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Oct 1988 |
Biography
Lindsay Corporation, together with its subsidiaries, provides water management and road infrastructure products and services in the United States and internationally. The company operates through 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. It also offers repair and replacement parts for irrigation systems and controls; and M2M communication technology solutions, data acquisition and management systems, and custom electronic equipment under the Elecsys brand. The Infrastructure segment provides Quickchange moveable barrier systems that help in highway reconstruction, paving and resurfacing, road widening, median and shoulder construction, and tunnels and bridge repairs; and re-directive and non-re-directive crash cushions, which are used to enhance highway safety at locations, such as toll booths, freeway off-ramps, medians and roadside barrier ends, bridge supports, utility poles, and other fixed roadway hazards. It also offers specialty barrier products; road marking and road safety equipment; and railroad signals and structures, and diameter steel tubing products, as well as outsourced manufacturing and production services for other companies. The company serves departments of transportation, municipal transportation road agencies, roadway contractors, subcontractors, distributors, and dealers. Lindsay Corporation was founded in 1954 and is headquartered in Omaha, Nebraska.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/04/04 02:29 |
| End of Day Share Price | 2020/04/03 00:00 |
| Earnings | 2019/11/30 |
| Annual Earnings | 2019/08/31 |
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.