A Business at a Glance
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LINDSAY CORP
LNN
$1.2B
Mkt Cap
$113.96
+0.47%
LINDSAY CORP (LNN) has a current P/E ratio of 16.9, compared to its historical median P/E of 27.1. The stock is currently considered Cheap based on its historical valuation range.
LINDSAY CORP (LNN) has a 5-year average return on invested capital (ROIC) of 17.2%. This indicates strong capital allocation and a potential competitive advantage.
LINDSAY CORP (LNN) has a market capitalization of $2.2B. It is classified as a mid-cap stock.
Yes, LINDSAY CORP (LNN) pays a dividend with a trailing twelve-month yield of 1.27%. The company also returns capital through share buybacks, with a buyback yield of 0.53%.
Based on historical P/E analysis, LINDSAY CORP (LNN) appears cheap. The current P/E of 16.9 is 38% below its historical median of 27.1. The estimated fair value CAGR (P/E method) is 30.9%.
LINDSAY CORP (LNN) operates in the Farm Machinery & Equipment industry, within the Industrials sector.
LINDSAY CORP (LNN) reported annual revenue of $676 million in its most recent fiscal year, based on SEC EDGAR filings.
Lindsay Corporation, along with its subsidiaries (collectively called the “Company”), is a global leader in providing a variety of proprietary water management and road infrastructure products and services. The Company has been involved in the manufacture and distribution of agricultural irrigation equipment since 1955 and has grown from a regional company to an international firm with worldwide sales, distribution and manufacturing operations. The Company is a Delaware corporation and maintains its corporate offices in Omaha, Nebraska. The Company has operations which are categorized into two reporting segments, Irrigation and Infrastructure. Irrigation Segment – The Company’s irrigation segment includes the manufacture and marketing of center pivot, lateral move, and hose reel irrigation systems which are used principally in the agricultural industry to increase or stabilize crop production while conserving water, energy and labor.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 0 | 676M | 607M | 674M | 771M | 568M |
| Net Income | 0 | 74M | 66M | 72M | 65M | 43M |
| EPS | $0.00 | $6.78 | $6.01 | $6.54 | $5.94 | $3.88 |
| Free Cash Flow | 0 | 90M | 67M | 101M | -13M | 17M |
| ROIC | 0.0% | 17.2% | 15.8% | 18.2% | 19.6% | 15.2% |
| Gross Margin | - | 31.2% | 31.5% | 31.6% | 25.8% | 26.5% |
| Debt/Equity | 0.23 | 0.22 | 0.24 | 0.25 | 0.29 | 0.34 |
| Dividends/Share | $0.00 | $1.45 | $1.41 | $1.37 | $1.33 | $1.30 |
| Operating Income | 0 | 88M | 77M | 102M | 95M | 54M |
| Operating Margin | 0.0% | 13.0% | 12.6% | 15.2% | 12.3% | 9.5% |
| ROE | 0.0% | 14.6% | 14.1% | 17.1% | 17.9% | 13.4% |
| Shares Outstanding | 19M | 11M | 11M | 11M | 11M | 11M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 618M | 560M | 516M | 518M | 548M | 444M | 475M | 568M | 771M | 674M | 607M | 676M | 0 |
| Gross Margin | 27.7% | 27.9% | 28.8% | 28.0% | 27.7% | 25.8% | 32.1% | 26.5% | 25.8% | 31.6% | 31.5% | 31.2% | N/A |
| R&D | 11M | 13M | 16M | 17M | 16M | 14M | 14M | 13M | 15M | 18M | 17M | 18M | 18M |
| SG&A | 43M | 52M | 56M | 47M | 56M | 64M | 53M | 52M | 55M | 56M | 57M | 63M | 63M |
| EBIT | 78M | 51M | 34M | 41M | 39M | 6.1M | 54M | 54M | 95M | 102M | 77M | 88M | 0 |
| Op. Margin | 12.7% | 9.0% | 6.7% | 7.8% | 7.1% | 1.4% | 11.4% | 9.5% | 12.3% | 15.2% | 12.6% | 13.0% | 0.0% |
| Net Income | 52M | 26M | 20M | 23M | 20M | 2.2M | 39M | 43M | 65M | 72M | 66M | 74M | 0 |
| Net Margin | 8.3% | 4.7% | 3.9% | 4.5% | 3.7% | 0.5% | 8.1% | 7.5% | 8.5% | 10.7% | 10.9% | 10.9% | 0.0% |
| Non-Recurring | 0 | 0 | 0 | 0 | -4.1M | -301K | 0 | 1.1M | 0 | 0 | 0 | 0 | 0 |
| Returns on Capital | |||||||||||||
| ROIC | 21.8% | 12.7% | 8.9% | 9.9% | 9.4% | 2.5% | 16.2% | 15.2% | 19.6% | 18.2% | 15.8% | 17.2% | 0.0% |
| ROE | 13.5% | 7.8% | 7.5% | 8.9% | 7.4% | 0.8% | 13.6% | 13.4% | 17.9% | 17.1% | 14.1% | 14.6% | 0.0% |
| ROA | 9.9% | 5.0% | 4.0% | 4.7% | 4.0% | 0.4% | 7.2% | 7.1% | 9.7% | 9.9% | 8.8% | 9.3% | 0.0% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 92M | 49M | 33M | 39M | 34M | 3.8M | 46M | 44M | 3.0M | 120M | 96M | 133M | 0 |
| Free Cash Flow | 74M | 34M | 22M | 31M | 23M | -19M | 25M | 17M | -13M | 101M | 67M | 90M | 0 |
| Owner Earnings | 73M | 30M | 13M | 19M | 14M | -14M | 21M | 19M | -23M | 94M | 68M | 104M | -29M |
| CapEx | 18M | 15M | 11M | 8.9M | 11M | 23M | 21M | 27M | 16M | 19M | 29M | 42M | 0 |
| Maint. CapEx | 15M | 16M | 17M | 17M | 17M | 14M | 19M | 19M | 20M | 19M | 21M | 21M | 21M |
| Growth CapEx | 2.9M | 0 | 0 | 0 | 0 | 9.2M | 2.0M | 7.3M | 0 | 0 | 7.8M | 22M | 0 |
| D&A | 15M | 16M | 17M | 17M | 17M | 14M | 19M | 19M | 20M | 19M | 21M | 21M | 21M |
| CapEx/OCF | 19.3% | 31.3% | 34.7% | 22.5% | 32.6% | 611.3% | 46.6% | 60.3% | 511.6% | 15.7% | 30.3% | 32.0% | 0.0% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 12M | 13M | 12M | 12M | 13M | 13M | 14M | 14M | 15M | 15M | 15M | 16M | 0 |
| Dividend Yield | 1.3% | 1.5% | 1.8% | 1.6% | 1.4% | 1.5% | 1.4% | 0.9% | 1.0% | 1.0% | 1.2% | 1.1% | N/A |
| Share Buybacks | 41M | 97M | 48M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 22M | 12M | 12M |
| Buyback Yield | 4.7% | 12.2% | 6.6% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 1.7% | 0.8% | 0.5% |
| Stock-Based Comp | 4.2M | 3.3M | 3.1M | 3.6M | 3.9M | 4.2M | 5.6M | 6.2M | 5.5M | 6.5M | 6.4M | 8.1M | 8.1M |
| Debt Repayment | 0 | 112K | 193K | 197K | 201K | 205K | 227K | 195K | 218K | 222K | 0 | 0 | 0 |
| Balance Sheet | |||||||||||||
| Net Debt | N/A | -22M | 16M | -4.6M | -44M | -11M | -25M | -31M | -945K | -51M | -76M | -136M | -71M |
| Cash & Equiv. | 172M | 139M | 101M | 122M | 161M | 127M | 121M | 127M | 105M | 161M | 191M | 251M | 186M |
| Long-Term Debt | N/A | 117M | 117M | 117M | 116M | 116M | 116M | 116M | 115M | 115M | 115M | 115M | 115M |
| Debt/Equity | 0.38 | 0.41 | 0.47 | 0.43 | 0.42 | 0.43 | 0.39 | 0.34 | 0.29 | 0.25 | 0.24 | 0.22 | 0.23 |
| Interest Coverage | 419.0 | 19.3 | 7.2 | 8.5 | 8.3 | 1.3 | 11.4 | 11.4 | 22.2 | 27.0 | 23.7 | 48.1 | 48.1 |
| Equity | 383M | 289M | 252M | 270M | 277M | 268M | 299M | 338M | 393M | 456M | 481M | 533M | 508M |
| Total Assets | 527M | 523M | 488M | 506M | 500M | 500M | 571M | 637M | 711M | 746M | 760M | 841M | 838M |
| Total Liabilities | 144M | 248M | 236M | 236M | 223M | 232M | 272M | 299M | 317M | 290M | 279M | 308M | 330M |
| Intangibles | 32M | 52M | 47M | 43M | 27M | 24M | 23M | 20M | 18M | 28M | 25M | 23M | 23M |
| Retained Earnings | 445M | 459M | 467M | 478M | 485M | 475M | 500M | 528M | 579M | 636M | 687M | 745M | 766M |
| Working Capital | 258M | 227M | 189M | 201M | 251M | 231M | 246M | 278M | 316M | 351M | 367M | 389M | 334M |
| Current Assets | 374M | 322M | 277M | 293M | 331M | 313M | 348M | 416M | 477M | 487M | 493M | 533M | 499M |
| Current Liabilities | 116M | 95M | 88M | 92M | 80M | 82M | 102M | 138M | 161M | 136M | 126M | 144M | 165M |
| Per Share Data | |||||||||||||
| EPS | 4.00 | 2.22 | 1.85 | 2.17 | 1.88 | 0.20 | 3.56 | 3.88 | 5.94 | 6.54 | 6.01 | 6.78 | 0.00 |
| Owner EPS | 5.65 | 2.49 | 1.20 | 1.79 | 1.25 | -1.33 | 1.94 | 1.70 | -2.05 | 8.48 | 6.18 | 9.52 | -1.51 |
| Book Value | 29.71 | 24.35 | 22.96 | 25.28 | 25.67 | 24.70 | 27.51 | 30.85 | 35.69 | 41.17 | 43.62 | 48.79 | 26.45 |
| Cash Flow/Share | 7.13 | 4.16 | 3.02 | 3.69 | 3.15 | 0.35 | 4.24 | 4.01 | 0.28 | 10.82 | 8.69 | 12.17 | 1.09 |
| Dividends/Share | 0.92 | 1.09 | 1.13 | 1.17 | 1.21 | 1.24 | 1.26 | 1.30 | 1.33 | 1.37 | 1.41 | 1.45 | 0.00 |
| Shares Out. | 12.9M | 11.9M | 11.0M | 10.7M | 10.8M | 10.9M | 10.9M | 11.0M | 11.0M | 11.1M | 11.0M | 10.9M | 19.2M |
| Valuation | |||||||||||||
| P/E Ratio | 16.9 | 30.2 | 35.9 | 35.7 | 45.7 | 411.8 | 27.1 | 41.1 | 26.4 | 18.4 | 20.2 | 20.4 | N/A |
| P/FCF | 11.7 | 23.3 | 33.6 | 27.1 | 40.5 | N/A | 42.5 | 100.3 | N/A | 13.2 | 20.0 | 16.7 | N/A |
| EV/EBIT | N/A | 12.5 | 18.7 | 17.5 | 18.5 | 144.5 | 18.8 | 31.8 | 18.2 | 12.5 | 14.0 | 12.8 | N/A |
| Price/Book | 2.3 | 2.8 | 2.9 | 3.1 | 3.3 | 3.3 | 3.5 | 5.2 | 4.4 | 2.9 | 2.8 | 2.8 | 4.3 |
| Price/Sales | 1.5 | 1.5 | 1.3 | 1.5 | 1.7 | 2.0 | 2.0 | 2.6 | 2.0 | 2.3 | 2.1 | 2.1 | N/A |
| FCF Yield | 8.5% | 4.3% | 3.0% | 3.7% | 2.5% | -2.2% | 2.4% | 1.0% | -0.7% | 7.6% | 5.0% | 6.0% | N/A |
| Market Cap | 870M | 795M | 727M | 828M | 926M | 894M | 1.0B | 1.8B | 1.7B | 1.3B | 1.3B | 1.5B | 2.2B |
| Avg. Price | 71.13 | 71.75 | 62.71 | 73.50 | 83.82 | 83.75 | 88.75 | 136.00 | 137.91 | 139.14 | 117.87 | 128.66 | 113.96 |
| Year-End Price | 67.58 | 67.04 | 66.36 | 77.54 | 85.83 | 82.36 | 96.32 | 159.63 | 156.70 | 120.35 | 121.40 | 138.57 | 113.96 |
LINDSAY CORP passes 6 of 9 quality checks, suggesting mixed fundamentals.
LINDSAY CORP trades at 16.9x trailing earnings, compared to its 15-year median P/E of 27.1x, suggesting it is currently Cheap relative to its historical range. On a free-cash-flow basis, the stock trades at 18.9x vs a median of 27.1x. The company's 5-year average ROIC is 17.2% with a gross margin of 29.3%. Total shareholder yield (dividends + buybacks) is 1.8%. At current prices, the estimated annualized return to fair value is +43.8%.
LINDSAY CORP (LNN) has a net profit margin of 10.9%. This is a healthy margin.
LINDSAY CORP (LNN) generated $90 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
LINDSAY CORP (LNN) has a debt-to-equity ratio of 0.22. This indicates a conservatively financed balance sheet.
LINDSAY CORP (LNN) reported earnings per share (EPS) of $6.78 in its most recent fiscal year.
LINDSAY CORP (LNN) has a return on equity (ROE) of 14.6%. This indicates moderate shareholder returns.
LINDSAY CORP (LNN) has a 5-year average gross margin of 29.3%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 15 years of financial data for LINDSAY CORP (LNN), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
LINDSAY CORP (LNN) has a book value per share of $48.79, based on its most recent annual SEC filing.
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