A Business at a Glance
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LSI INDUSTRIES INC
LYTS
$717M
Mkt Cap
$23.23
-0.81%
LSI INDUSTRIES INC (LYTS) has a current P/E ratio of 28.3, compared to its historical median P/E of 16.4. The stock is currently considered Expensive based on its historical valuation range.
LSI INDUSTRIES INC (LYTS) has a 5-year average return on invested capital (ROIC) of 7.9%. This is below average and may indicate limited pricing power.
LSI INDUSTRIES INC (LYTS) has a market capitalization of $723M. It is classified as a small-cap stock.
Yes, LSI INDUSTRIES INC (LYTS) pays a dividend with a trailing twelve-month yield of 0.84%.
Based on historical P/E analysis, LSI INDUSTRIES INC (LYTS) appears expensive. The current P/E of 28.3 is 73% above its historical median of 16.4. The estimated fair value CAGR (P/E method) is 32.5%.
LSI INDUSTRIES INC (LYTS) operates in the Electric Lighting & Wiring Equipment industry, within the Industrials sector.
LSI INDUSTRIES INC (LYTS) reported annual revenue of $573 million in its most recent fiscal year, based on SEC EDGAR filings.
LSI INDUSTRIES INC operates in the Electric Lighting & Wiring Equipment industry, Industrials sector. Full business description from SEC filing not yet available.
| Segment | 2021 | 2022 | 2023 | 2024 | 2025 | % of Total |
|---|---|---|---|---|---|---|
Poles, Other Display Solution Elements | — | — | — | $133M | $234M | 47% |
LED Lighting, Digital Signage, Electronic Circuit Boards | $165M | $192M | $225M | $216M | $203M | 40% |
Project Management, Installation Services, Shipping and Handling | — | — | — | $42M | $65M | 13% |
Turnkey Services and Other | $29M | $40M | $43M | $42M | — | — |
Legacy Products | $62M | $137M | $156M | $133M | — | — |
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 592M | 573M | 470M | 497M | 455M | 316M |
| Net Income | 26M | 24M | 25M | 26M | 15M | 5.9M |
| EPS | $0.84 | $0.79 | $0.83 | $0.88 | $0.54 | $0.21 |
| Free Cash Flow | 38M | 35M | 38M | 46M | -6.0M | 26M |
| ROIC | 9.2% | 8.8% | 10.3% | 11.3% | 6.1% | 3.1% |
| Gross Margin | 25.5% | 24.7% | 28.4% | 27.6% | 24.0% | 25.0% |
| Debt/Equity | 0.23 | 0.37 | 0.46 | 0.30 | 0.93 | 0.52 |
| Dividends/Share | $0.20 | $0.20 | $0.20 | $0.20 | $0.20 | $0.20 |
| Operating Income | 38M | 36M | 36M | 37M | 21M | 8.0M |
| Operating Margin | 6.4% | 6.2% | 7.6% | 7.5% | 4.7% | 2.5% |
| ROE | 10.3% | 11.2% | 13.1% | 15.8% | 10.8% | 4.5% |
| Shares Outstanding | 31M | 31M | 30M | 29M | 28M | 28M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 299M | 308M | 322M | 331M | 342M | 329M | 306M | 316M | 455M | 497M | 470M | 573M | 592M |
| Gross Margin | 21.8% | 24.2% | 26.0% | 24.7% | 26.1% | 22.4% | 24.1% | 25.0% | 24.0% | 27.6% | 28.4% | 24.7% | 25.5% |
| R&D | 8.2M | 5.6M | 5.5M | 5.7M | 6.0M | 5.3M | 3.6M | 3.7M | 3.6M | 3.4M | 3.5M | 3.3M | 3.3M |
| SG&A | 62M | 67M | 70M | 77M | 80M | 72M | 69M | 71M | 88M | 100M | 98M | 106M | 113M |
| EBIT | 2.3M | 7.5M | 14M | 3.6M | -22M | -20M | 13M | 8.0M | 21M | 37M | 36M | 36M | 38M |
| Op. Margin | 0.8% | 2.4% | 4.3% | 1.1% | -6.3% | -6.0% | 4.3% | 2.5% | 4.7% | 7.5% | 7.6% | 6.2% | 6.4% |
| Net Income | 930K | 5.2M | 9.5M | 3.0M | -20M | -16M | 9.6M | 5.9M | 15M | 26M | 25M | 24M | 26M |
| Net Margin | 0.3% | 1.7% | 2.9% | 0.9% | -5.7% | -5.0% | 3.1% | 1.9% | 3.3% | 5.2% | 5.3% | 4.3% | 4.3% |
| Non-Recurring | 1.4M | 1.5M | 2.2M | 1.4M | 28M | 4.0M | 11M | 1.8M | 2.1M | 2.5M | 1.5M | 624K | 624K |
| Returns on Capital | |||||||||||||
| ROIC | 1.1% | 4.2% | 7.9% | 1.9% | -9.9% | -10.2% | 9.0% | 3.1% | 6.1% | 11.3% | 10.3% | 8.8% | 9.2% |
| ROE | 0.7% | 3.7% | 6.4% | 1.9% | -13.1% | -13.6% | 7.6% | 4.5% | 10.8% | 15.8% | 13.1% | 11.2% | 10.3% |
| ROA | 0.6% | 2.9% | 5.0% | 1.3% | -8.0% | -8.1% | 5.6% | 2.0% | 5.0% | 8.5% | 7.7% | 6.5% | 6.5% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 12M | 21M | 18M | 21M | 12M | 11M | 30M | 28M | -3.9M | 50M | 43M | 38M | 42M |
| Free Cash Flow | 6.3M | 16M | 7.9M | 15M | 8.1M | 8.9M | 27M | 26M | -6.0M | 46M | 38M | 35M | 38M |
| Owner Earnings | 4.3M | 13M | 8.5M | 9.9M | -1.7M | 289K | 20M | 18M | -17M | 36M | 30M | 21M | 25M |
| CapEx | 5.2M | 4.8M | 10M | 6.6M | 3.4M | 2.6M | 2.7M | 2.2M | 2.1M | 3.2M | 5.4M | 3.5M | 4.3M |
| Maint. CapEx | 6.2M | 6.3M | 6.7M | 8.3M | 10M | 10M | 8.7M | 8.1M | 10M | 9.7M | 10.0M | 13M | 13M |
| Growth CapEx | 0 | 0 | 3.5M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| D&A | 6.2M | 6.3M | 6.7M | 8.3M | 10M | 10M | 8.7M | 8.1M | 10M | 9.7M | 10.0M | 13M | 13M |
| CapEx/OCF | 45.4% | 22.7% | N/A | N/A | N/A | 22.8% | 9.2% | 8.0% | N/A | 6.5% | 12.4% | 9.1% | 10.2% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 5.8M | 2.9M | 4.2M | 5.0M | 5.2M | 5.2M | 5.3M | 5.3M | 5.3M | 5.4M | 5.7M | 6.0M | 6.1M |
| Dividend Yield | 4.0% | 2.0% | N/A | N/A | N/A | 6.0% | 4.2% | 2.6% | 2.9% | 1.8% | 1.4% | 1.1% | 0.8% |
| Share Buybacks | 188K | 205K | 363K | 494K | 107K | 107K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | 0.1% | 0.1% | 0.0% | 0.0% | 0.0% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Stock-Based Comp | 1.0M | 1.2M | 2.9M | 3.0M | 3.0M | 981K | 599K | 2.0M | 3.3M | 3.7M | 3.8M | 4.2M | 4.1M |
| Debt Repayment | 0 | 0 | 0 | 41M | 99M | 126M | 205M | 19M | 162M | 198M | 140M | 200M | 200M |
| Balance Sheet | |||||||||||||
| Net Debt | N/A | N/A | N/A | 96M | 88M | 77M | -6.8M | 64M | 134M | 52M | 89M | 82M | 49M |
| Cash & Equiv. | 9.0M | 26M | 34M | 3.0M | 3.2M | 966K | 3.5M | 2.3M | 2.5M | 1.8M | 4.1M | 3.5M | 6.4M |
| Long-Term Debt | N/A | N/A | N/A | 50M | 45M | 40M | 0 | 68M | 76M | 32M | 51M | 45M | 28M |
| Debt/Equity | 0.22 | 0.26 | 0.26 | 0.62 | 0.65 | 0.66 | 0.00 | 0.52 | 0.93 | 0.30 | 0.46 | 0.37 | 0.23 |
| Interest Coverage | 34.1 | 167.4 | 387.7 | 5.8 | -12.6 | -8.7 | 15.0 | 28.0 | 10.8 | 10.0 | 16.5 | 11.4 | 13.4 |
| Equity | 138M | 143M | 156M | 160M | 139M | 120M | 126M | 131M | 148M | 178M | 204M | 231M | 248M |
| Total Assets | 169M | 181M | 196M | 257M | 230M | 201M | 172M | 287M | 311M | 296M | 349M | 396M | 396M |
| Total Liabilities | 30M | 38M | 40M | 97M | 90M | -39M | -79M | 24M | 163M | 119M | 144M | 166M | -4.9M |
| Intangibles | 7.2M | 6.1M | 5.6M | 38M | 35M | 43M | 40M | 117M | 68M | 63M | 74M | 78M | 75M |
| Retained Earnings | 34M | 37M | 42M | 40M | 15M | -5.8M | -1.9M | -1.4M | 8.2M | 29M | 48M | 66M | 77M |
| Working Capital | 77M | 81M | 89M | 62M | 68M | 71M | 51M | 54M | 82M | 73M | 83M | 97M | 100M |
| Current Assets | 106M | 118M | 128M | 107M | 110M | 111M | 86M | 125M | 159M | 150M | 162M | 194M | 187M |
| Current Liabilities | 29M | 37M | 39M | 45M | 42M | 40M | 35M | 71M | 77M | 77M | 79M | 97M | 87M |
| Per Share Data | |||||||||||||
| EPS | 0.04 | 0.21 | 0.37 | 0.12 | -0.76 | -0.63 | 0.36 | 0.21 | 0.54 | 0.88 | 0.83 | 0.79 | 0.84 |
| Owner EPS | 0.19 | 0.54 | 0.33 | 0.40 | -0.07 | 0.01 | 0.77 | 0.64 | -0.62 | 1.24 | 0.98 | 0.69 | 0.80 |
| Book Value | 5.95 | 5.83 | 6.07 | 6.40 | 5.42 | 4.62 | 4.72 | 4.69 | 5.31 | 6.07 | 6.79 | 7.48 | 7.97 |
| Cash Flow/Share | 0.50 | 0.85 | 0.71 | 0.85 | 0.45 | 0.44 | 1.12 | 1.00 | -0.14 | 1.69 | 1.44 | 1.24 | 1.24 |
| Dividends/Share | 0.24 | 0.12 | 0.17 | 0.20 | 0.20 | 0.20 | 0.20 | 0.20 | 0.20 | 0.20 | 0.20 | 0.20 | 0.20 |
| Shares Out. | 23.3M | 24.5M | 25.6M | 25.0M | 25.7M | 25.9M | 26.6M | 27.9M | 27.8M | 29.3M | 30.1M | 30.9M | 31.1M |
| Valuation | |||||||||||||
| P/E Ratio | 152.0 | 34.2 | N/A | N/A | N/A | N/A | 15.7 | 35.8 | 10.9 | 13.5 | 17.1 | 21.5 | 27.7 |
| P/FCF | 22.4 | 10.9 | N/A | N/A | N/A | 9.3 | 5.6 | 8.1 | N/A | 7.5 | 11.2 | 15.1 | 19.1 |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A | 11.3 | 34.4 | 11.4 | 10.3 | 13.4 | 15.9 | 20.3 |
| Price/Book | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 2.9 |
| Price/Sales | 0.5 | 0.5 | N/A | N/A | N/A | 0.3 | 0.4 | 0.6 | 0.4 | 0.6 | 0.9 | 0.9 | 1.2 |
| FCF Yield | 4.5% | 9.2% | N/A | N/A | N/A | 10.8% | 17.9% | 12.3% | -3.6% | 13.3% | 8.9% | 6.6% | 5.2% |
| Market Cap | 141M | 176M | 0 | 0 | 0 | 82M | 151M | 210M | 164M | 349M | 427M | 523M | 723M |
| Avg. Price | 6.16 | 5.78 | 0.00 | 0.00 | 0.00 | 3.36 | 4.71 | 7.27 | 6.63 | 10.31 | 13.97 | 17.03 | 23.23 |
| Year-End Price | 6.08 | 7.17 | 0.00 | 0.00 | 0.00 | 3.18 | 5.66 | 7.52 | 5.90 | 11.92 | 14.21 | 16.96 | 23.23 |
LSI INDUSTRIES INC passes 5 of 9 quality checks, suggesting mixed fundamentals.
LSI INDUSTRIES INC trades at 28.3x trailing earnings, compared to its 15-year median P/E of 16.4x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 19.2x vs a median of 8.7x. The company's 5-year average ROIC is 7.9% with a gross margin of 25.9%. Total shareholder yield (dividends) is 0.8%. At current prices, the estimated annualized return to fair value is +15.5%.
LSI INDUSTRIES INC (LYTS) has a net profit margin of 4.3%. This is a modest margin.
LSI INDUSTRIES INC (LYTS) generated $35 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
LSI INDUSTRIES INC (LYTS) has a debt-to-equity ratio of 0.37. This indicates a conservatively financed balance sheet.
LSI INDUSTRIES INC (LYTS) reported earnings per share (EPS) of $0.79 in its most recent fiscal year.
LSI INDUSTRIES INC (LYTS) has a return on equity (ROE) of 11.2%. This indicates moderate shareholder returns.
LSI INDUSTRIES INC (LYTS) has a 5-year average gross margin of 25.9%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 18 years of financial data for LSI INDUSTRIES INC (LYTS), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
LSI INDUSTRIES INC (LYTS) has a book value per share of $7.48, based on its most recent annual SEC filing.