NYSE:LNN

Stock Analysis Report

Executive Summary

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

Snowflake

Fundamentals

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


Market Performance


7 Day Return

-2.4%

NYSE:LNN

-1.0%

US Machinery

-0.02%

US Market


1 Year Return

-5.4%

NYSE:LNN

-5.4%

US Machinery

1.6%

US Market

LNN matched the Machinery industry (-5.4%) over the past year.

LNN underperformed the Market in United States of America which returned 1.6% over the past year.


Share holder returns

LNNIndustryMarket
7 Day-2.4%-1.0%-0.02%
30 Day6.7%7.1%2.7%
90 Day17.3%-1.0%1.4%
1 Year-4.0%-5.4%-3.4%-5.4%3.8%1.6%
3 Year32.2%26.8%49.2%39.5%45.2%35.8%
5 Year33.8%24.6%55.3%36.1%61.8%44.1%

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 based on future cash flows and its price relative to the stock market?

178.87x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Lindsay's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Lindsay's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

Lindsay is overvalued based on earnings compared to the US Machinery industry average.

Lindsay is overvalued based on earnings compared to the United States of America market.


Price Based on Expected Growth

Lindsay is poor value based on expected growth next year.


Price Based on Value of Assets

Lindsay is overvalued based on assets compared to the US Machinery industry average.


Next Steps

Future Growth

How is Lindsay expected to perform in the next 1 to 3 years based on estimates from 6 analysts?

96.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Lindsay's revenue is expected to grow by 5.1% yearly, however this is not considered high growth (20% yearly).

Lindsay's earnings are expected to grow significantly at over 20% yearly.

Lindsay's revenue growth is positive but not above the United States of America market average.

Lindsay's earnings growth is expected to exceed the United States of America market average.

Lindsay's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Lindsay is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has Lindsay performed over the past 5 years?

-25.7%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Lindsay's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.

Lindsay's 1-year earnings growth is negative, it can't be compared to the 5-year average.

Lindsay's 1-year earnings growth is negative, it can't be compared to the US Machinery industry average.


Return on Equity

Lindsay has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Lindsay used its assets less efficiently than the US Machinery industry average last year based on Return on Assets.


Return on Capital Employed

Lindsay's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Lindsay's financial position?


Financial Position Analysis

Lindsay is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Lindsay's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Lindsay's level of debt (42.9%) compared to net worth is high (greater than 40%).

Unable to establish if Lindsay's debt level has increased without past 5-year debt data.

Debt is not well covered by operating cash flow (5.3%, less than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 3.7x coverage).


Balance Sheet

High level of physical assets or inventory.

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?

1.33%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Lindsay's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).

Lindsay's dividend is below the markets top 25% of dividend payers in United States of America (3.71%).

Dividends per share have been stable in the past 10 years.

Dividends per share have increased over the past 10 years.


Current Payout to Shareholders

Dividends paid are not well covered by earnings (0.4x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be well covered by earnings (2.9x coverage).


Next Steps

Management

What is the CEO of Lindsay's salary, the management and board of directors tenure and is there insider trading?

3.4yrs

Average management tenure


CEO

Tim Hassinger (57yo)

1.9yrs

Tenure

US$6,344,923

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

Tim's remuneration is higher than average for companies of similar size in United States of America.

Insufficient data for Tim to compare compensation growth.


Management Age and Tenure

3.4yrs

Average Tenure

49yo

Average Age

The tenure for the Lindsay management team is about average.


Board Age and Tenure

4.8yrs

Average Tenure

62.5yo

Average Age

The tenure for the Lindsay board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Mark Roth (44yo)

    VP of Corporate Development & Treasurer

    • Tenure: 12.5yrs
  • Lori Zarkowski (44yo)

    Chief Accounting Officer & Corporate Controller

    • Tenure: 8.1yrs
  • Eric Arneson (45yo)

    Senior VP

    • Tenure: 11.4yrs
  • Brian Ketcham (58yo)

    Senior VP & CFO

    • Tenure: 3.4yrs
    • Compensation: US$909.44k
  • Tim Hassinger (57yo)

    President

    • Tenure: 1.9yrs
    • Compensation: US$6.34m
  • Randy Wood (47yo)

    President of Agricultural Irrigation Division

    • Tenure: 3.3yrs
    • Compensation: US$925.26k
  • Eric Talmadge (55yo)

    Senior VP & Chief Information Officer

    • Tenure: 6.8yrs
  • J. Marion (51yo)

    President of Infrastructure Division

    • Tenure: 3.3yrs
    • Compensation: US$695.99k
  • Gregory Oswald (54yo)

    Senior Vice President of Global Operations

    • Tenure: 1.7yrs
  • Kelly Staup (47yo)

    Vice President of Human Resources

    • Tenure: 1.7yrs

Board Members

  • Michael Nahl (76yo)

    Chairman of the Board

    • Tenure: 4.7yrs
    • Compensation: US$190.00k
  • David Rayburn (71yo)

    Director

    • Tenure: 4.8yrs
    • Compensation: US$148.00k
  • Michael Walter (69yo)

    Director

    • Tenure: 10.6yrs
    • Compensation: US$150.00k
  • Mike Christodolou (58yo)

    Director

    • Tenure: 20.7yrs
    • Compensation: US$150.00k
  • Bob Brunner (61yo)

    Director

    • Tenure: 6.3yrs
    • Compensation: US$153.00k
  • Tim Hassinger (57yo)

    President

    • Tenure: 1.9yrs
    • Compensation: US$6.34m
  • Consuelo Madere (58yo)

    Director

    • Tenure: 1.6yrs
    • Compensation: US$112.16k
  • Mary Lindsey (64yo)

    Director

    • Tenure: 0.8yrs

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$1.011b
  • Shares outstanding: 10.79m
  • 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’s Irrigation segment manuf ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/19 23:37
End of Day Share Price2019/09/19 00:00
Earnings2019/05/31
Annual Earnings2018/08/31


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.