Lindsay Corporation, together with its subsidiaries, provides water management and road infrastructure products and services in the United States and internationally.
Moderate growth potential with mediocre balance sheet.
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 has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: LNN exceeded the US Machinery industry which returned 9.4% over the past year.
Return vs Market: LNN matched the US Market which returned 20.3% over the past year.
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
6 days ago | Simply Wall StMichael Walter Is The Independent Director of Lindsay Corporation (NYSE:LNN) And They Just Sold 26% Of Their Shares
2 weeks ago | Simply Wall StShould You Worry About Lindsay Corporation’s (NYSE:LNN) ROCE?
3 months ago | Simply Wall StDid You Miss Lindsay's (NYSE:LNN) 15% Share Price Gain?
Is Lindsay undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: LNN ($107.76) is trading above our estimate of fair value ($72.56)
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 (124.9x) compared to the Machinery industry average (21.3x).
PE vs Market: LNN is poor value based on its PE Ratio (124.9x) compared to the US market (18.3x).
Price to Earnings Growth Ratio
PEG Ratio: LNN is poor value based on its PEG Ratio (4.3x)
Price to Book Ratio
PB vs Industry: LNN is overvalued based on its PB Ratio (4.3x) compared to the US Machinery industry average (2.2x).
How is Lindsay forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: LNN's forecast earnings growth (28.9% per year) is above the savings rate (1.7%).
Earnings vs Market: LNN's earnings (28.9% per year) are forecast to grow faster than the US market (14.2% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: LNN's revenue (6.7% per year) is forecast to grow slower than the US market (7.6% per year).
High Growth Revenue: LNN's revenue (6.7% 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
How has Lindsay performed over the past 5 years?
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 (1.5%).
Return on Equity
High ROE: LNN's Return on Equity (3.4%) is considered low.
Return on Assets
Return on Capital Employed
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 ($169.0M).
Debt to Equity History and Analysis
Debt Level: LNN's debt to equity ratio (42.5%) is considered high.
Reducing Debt: LNN's debt to equity ratio has increased from 0.4% to 42.5% over the past 5 years.
Debt Coverage: LNN's debt is not well covered by operating cash flow (16.9%).
Interest Coverage: LNN's interest payments on its debt are well covered by EBIT (6.9x coverage).
Inventory Level: LNN has a high level of physical assets or inventory.
Debt Coverage by Assets: LNN's debt is covered by short term assets (assets are 2.7x debt).
What is Lindsay's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: LNN's dividend (1.15%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.44%).
High Dividend: LNN's dividend (1.15%) is low compared to the top 25% of dividend payers in the US market (3.73%).
Stability and Growth of Payments
Stable Dividend: LNN's dividends per share have been stable in the past 10 years.
Growing Dividend: LNN's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (143.8%), LNN's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: LNN's dividends in 3 years are forecast to be well covered by earnings (28.5% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Tim Hassinger (57yo)
Mr. Timothy L. Hassinger, also known as Tim, has been the Chief Executive Officer and President of Lindsay Corporation since October 16, 2017. Mr. Hassinger served as the Chief Executive Officer and Presid ...
CEO Compensation Analysis
Compensation vs Market: Tim's total compensation ($USD4.27M) is above average for companies of similar size in the US market ($USD2.50M).
Compensation vs Earnings: Tim's compensation has been consistent with company performance over the past year.
|Senior VP & CFO||3.8yrs||US$948.60k||0.040% $448.9k|
|President of Infrastructure Division||3.8yrs||US$702.33k||0.031% $348.6k|
|President of Irrigation Division||3.8yrs||US$923.80k||0.10% $1.1m|
|Chief Operating Officer||0yrs||no data||no data|
|Chief Accounting Officer & Corporate Controller||8.5yrs||no data||no data|
|Senior VP & Chief Information Officer||7.2yrs||no data||no data|
|Senior VP||11.8yrs||no data||no data|
|Senior Vice President of Human Resources||2.1yrs||no data||no data|
|President of Elecsys International||0.4yrs||no data||no data|
Experienced Management: LNN's management team is considered experienced (3.8 years average tenure).
|Independent Chairman of the Board||5.1yrs||US$210.00k||0.051% $577.6k|
|Independent Director||5.3yrs||US$158.00k||0.046% $517.0k|
|Independent Director||11yrs||US$160.00k||0.081% $915.8k|
|Independent Director||21.1yrs||US$163.69k||0.27% $3.0m|
|Independent Director||6.7yrs||US$163.00k||0.056% $636.6k|
|Independent Director||2yrs||US$155.00k||0.017% $188.2k|
|Independent Director||1.2yrs||US$135.28k||0.0086% $97.9k|
Experienced Board: LNN's board of directors are considered experienced (5.2 years average tenure).
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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Lindsay Corporation's company bio, employee growth, exchange listings and data sources
- Name: Lindsay Corporation
- Ticker: LNN
- Exchange: NYSE
- Founded: 1954
- Industry: Agricultural and Farm Machinery
- Sector: Capital Goods
- Market Cap: US$1.136b
- Shares outstanding: 10.81m
- Website: https://www.lindsay.com
Number of Employees
- Lindsay Corporation
- 18135 Burke Street
- Suite 100
- United States
|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|
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||2020/02/21 00:02|
|End of Day Share Price||2020/02/20 00:00|
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.