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LNN

Lindsay NYSE:LNN Stock Report

Last Price

US$131.88

Market Cap

US$1.4b

7D

8.1%

1Y

-19.6%

Updated

05 Jul, 2022

Data

Company Financials +
LNN fundamental analysis
Snowflake Score
Valuation2/6
Future Growth2/6
Past Performance1/6
Financial Health5/6
Dividends3/6

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

Summary of all time highs, changes and price drops for Lindsay
Historical stock prices
Current Share PriceUS$131.88
52 Week HighUS$179.27
52 Week LowUS$116.77
Beta0.53
1 Month Change-0.008%
3 Month Change-9.53%
1 Year Change-19.56%
3 Year Change47.96%
5 Year Change46.11%
Change since IPO4,350.95%

Recent News & Updates

Jul 04
Lindsay (NYSE:LNN) Is Increasing Its Dividend To US$0.34

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...

Jun 30

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

Jun 28
Is There An Opportunity With Lindsay Corporation's (NYSE:LNN) 38% Undervaluation?

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

LNNUS MachineryUS Market
7D8.1%-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

Is LNN's price volatile compared to industry and market?
LNN volatility
LNN Average Weekly Movement5.6%
Machinery Industry Average Movement6.2%
Market Average Movement8.1%
10% most volatile stocks in US Market16.9%
10% least volatile stocks in US Market3.3%

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

FoundedEmployeesCEOWebsite
19541,235Randy Woodhttps://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

How do Lindsay's earnings and revenue compare to its market cap?
LNN fundamental statistics
Market CapUS$1.45b
Earnings (TTM)US$53.34m
Revenue (TTM)US$734.20m

27.1x

P/E Ratio

2.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
LNN income statement (TTM)
RevenueUS$734.20m
Cost of RevenueUS$558.57m
Gross ProfitUS$175.63m
Other ExpensesUS$122.28m
EarningsUS$53.34m

Last Reported Earnings

May 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)4.86
Gross Margin23.92%
Net Profit Margin7.27%
Debt/Equity Ratio30.4%

How did LNN perform over the long term?

See historical performance and comparison

Dividends

1.0%

Current Dividend Yield

27%

Payout Ratio

Does LNN pay a reliable dividends?

See LNN dividend history and benchmarks
When do you need to buy LNN by to receive an upcoming dividend?
Lindsay dividend dates
Ex Dividend DateAug 16 2022
Dividend Pay DateAug 31 2022
Days until Ex dividend41 days
Days until Dividend pay date56 days

Does LNN pay a reliable dividends?

See LNN dividend history and benchmarks
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

2/6

Valuation 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.

LNN 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/Revenue2x
Enterprise Value/EBITDA15.7x
PEG Ratio1.7x

Price to Earnings Ratio vs Peers

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

LNN PE Ratio vs Peers
The above table shows the PE ratio for LNN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average13.6x
TWI Titan International
14.5x37.1%US$867.2m
TTC Toro
23.1x13.5%US$8.2b
AGCO AGCO
8x7.7%US$7.2b
CNHI CNH Industrial
8.8x2.3%US$15.8b
LNN Lindsay
27.1x15.5%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.

LNN PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio27.1x
Fair PE Ratio18.2x

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

2/6

Future 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

1/6

Past 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

5/6

Financial 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


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Dividend

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

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


1.03%

Current Dividend Yield

Upcoming Dividend Payment

TodayJul 05 2022Ex Dividend DateAug 16 2022Dividend Pay DateAug 31 202215 days from Ex DividendBuy in the next 41 days to receive the upcoming dividend

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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/07/05 00:00
End of Day Share Price2022/07/05 00:00
Earnings2022/05/31
Annual Earnings2021/08/31


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.