NYSE:LNN

Stock Analysis Report

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Executive Summary

Lindsay Corporation, together with its subsidiaries, provides water management and road infrastructure products and services in the United States and internationally. More Details

Rewards

Earnings are forecast to grow 10.14% per year

Earnings grew by 1616.6% over the past year

Risk Analysis

No risks detected for LNN from our risk checks.


Snowflake Analysis

Flawless balance sheet with proven track record and pays a dividend.


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 is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: LNN's weekly volatility (4%) has been stable over the past year.


Market Performance


7 Day Return

-0.06%

LNN

1.7%

US Machinery

2.1%

US Market


1 Year Return

26.0%

LNN

18.2%

US Machinery

19.8%

US Market

Return vs Industry: LNN exceeded the US Machinery industry which returned 18.2% over the past year.

Return vs Market: LNN exceeded the US Market which returned 19.8% over the past year.


Shareholder returns

LNNIndustryMarket
7 Day-0.06%1.7%2.1%
30 Day8.5%13.7%8.1%
90 Day11.6%15.2%6.0%
1 Year27.6%26.0%21.3%18.2%22.5%19.8%
3 Year27.1%22.1%31.2%21.8%46.5%36.8%
5 Year70.6%59.0%127.2%101.8%96.9%75.3%

Long-Term 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

Valuation

Is Lindsay undervalued compared to its fair value and its price relative to the market?

31.86x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: LNN ($113.72) is trading above our estimate of fair value ($74.56)

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 (31.9x) compared to the US Machinery industry average (29.8x).

PE vs Market: LNN is poor value based on its PE Ratio (31.9x) compared to the US market (19.7x).


Price to Earnings Growth Ratio

PEG Ratio: LNN is poor value based on its PEG Ratio (3.1x)


Price to Book Ratio

PB vs Industry: LNN is overvalued based on its PB Ratio (4.1x) compared to the US Machinery industry average (2.8x).


Next Steps

Future Growth

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

10.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: LNN's forecast earnings growth (10.1% per year) is above the savings rate (2.2%).

Earnings vs Market: LNN's earnings (10.1% per year) are forecast to grow slower than the US market (22% per year).

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

Revenue vs Market: LNN's revenue (4.5% per year) is forecast to grow slower than the US market (10.2% per year).

High Growth Revenue: LNN's revenue (4.5% 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?

-1.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: LNN has high quality earnings.

Growing Profit Margin: LNN's current net profit margins (8.1%) are higher than last year (0.5%).


Past Earnings Growth Analysis

Earnings Trend: LNN's earnings have declined by 1.5% per year over the past 5 years.

Accelerating Growth: LNN's earnings growth over the past year (1616.6%) exceeds its 5-year average (-1.5% per year).

Earnings vs Industry: LNN earnings growth over the past year (1616.6%) exceeded the Machinery industry -15.4%.


Return on Equity

High ROE: LNN's Return on Equity (12.9%) is considered low.


Next Steps

Financial Health

How is Lindsay's financial position?


Financial Position Analysis

Short Term Liabilities: LNN's short term assets ($347.9M) exceed its short term liabilities ($102.4M).

Long Term Liabilities: LNN's short term assets ($347.9M) exceed its long term liabilities ($169.6M).


Debt to Equity History and Analysis

Debt Level: LNN's debt to equity ratio (38.8%) is considered satisfactory.

Reducing Debt: LNN's debt to equity ratio has reduced from 40.7% to 38.8% over the past 5 years.

Debt Coverage: LNN's debt is well covered by operating cash flow (39.7%).

Interest Coverage: LNN's interest payments on its debt are well covered by EBIT (19.3x coverage).


Balance Sheet


Next Steps

Dividend

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

1.13%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: LNN's dividend (1.13%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.47%).

High Dividend: LNN's dividend (1.13%) is low compared to the top 25% of dividend payers in the US market (4.05%).


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 reasonably low payout ratio (35.3%), LNN's dividend payments are 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 (28.3% payout ratio).


Next Steps

Management

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

3.8yrs

Average management tenure


CEO

Tim Hassinger (58 yo)

3.08yrs

Tenure

US$4,820,110

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 ($USD4.82M) is about average for companies of similar size in the US market ($USD4.16M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Timothy Hassinger
President3.08yrsUS$4.82m0.25%
$ 3.1m
Brian Ketcham
Senior VP & CFO4.58yrsUS$1.09m0.047%
$ 580.1k
Randy Wood
Chief Operating Officer0.17yrUS$1.12m0.088%
$ 1.1m
James Marion
President of Infrastructure Division4.5yrsUS$773.82k0.034%
$ 423.8k
Lori Zarkowski
Chief Accounting Officer & Corporate Controller9.25yrsno datano data
Eric Talmadge
Senior VP & Chief Information Officer7.92yrsno datano data
Eric Arneson
Senior VP12.58yrsno datano data
Kelly Staup
Senior VP of Human Resources & Chief Diversity Officer2.83yrsno datano data
Gustavo Oberto
President of Irrigation Division0.17yrno data0.012%
$ 152.2k
P. Salen
Senior Vice President of Global Operations1yrno datano data
Ryan Loneman
Assistant General Counselno datano datano data

3.8yrs

Average Tenure

50yo

Average Age

Experienced Management: LNN's management team is considered experienced (3.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Timothy Hassinger
President3.08yrsUS$4.82m0.25%
$ 3.1m
Michael Nahl
Independent Chairman of the Board5.83yrsUS$210.00k0.060%
$ 735.6k
David Rayburn
Independent Director6yrsUS$158.00k0.054%
$ 669.8k
Michael Walter
Independent Director11.75yrsUS$156.76k0.089%
$ 1.1m
Michael Christodolou
Independent Director21.83yrsUS$161.52k0.21%
$ 2.6m
Robert Brunner
Independent Director7.42yrsUS$164.95k0.065%
$ 799.7k
Consuelo Madere
Independent Director2.75yrsUS$158.24k0.025%
$ 312.7k
Mary Lindsey
Independent Director1.92yrsUS$162.78k0.017%
$ 214.6k

5.9yrs

Average Tenure

63.5yo

Average Age

Experienced Board: LNN's board of directors are considered experienced (5.9 years average tenure).


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

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$1.236b
  • Shares outstanding: 10.87m
  • Website: https://www.lindsay.com

Number of Employees


Location

  • Lindsay Corporation
  • 18135 Burke Street
  • Suite 100
  • Omaha
  • Nebraska
  • 68022
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
LNNNYSE (New York Stock Exchange)YesCommon StockUSUSDOct 1988
LMFDB (Deutsche Boerse AG)YesCommon StockDEEUROct 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 in two segments, ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/27 23:18
End of Day Share Price2020/11/27 00:00
Earnings2020/08/31
Annual Earnings2020/08/31


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.