(LYTS) LSI Industries - NASDAQ
Sector: Technology | Industry: Electronic Components | Exchange: NASDAQ (USA) | Market Cap: 939m USD | Total Return: 58.9% in 12m
Avg Turnover: 12.1M
EPS Trend: 28.9%
Qual. Beats: -1
Rev. Trend: 88.1%
Qual. Beats: 4
Warnings
No concerns identified
Tailwinds
No distinct edge detected
LSI Industries Inc. (LYTS) is a Cincinnati-based manufacturer specializing in non-residential lighting and retail display solutions. The company operates through two primary segments: Lighting and Display Solutions. Its Lighting division focuses on indoor and outdoor fixtures integrated with control systems such as sensors and dimming technology. The Display Solutions division provides visual branding elements, including digital signage, refrigerated displays, and custom graphics for commercial environments.
The company operates within the broader electrical equipment sector, where demand is increasingly driven by the adoption of energy-efficient LED technology and smart building automation. LSI utilizes a vertical-market strategy, tailoring its project management and installation services to specific niches such as quick-service restaurants, refueling stations, and automotive dealerships. This business model combines hardware manufacturing with high-touch service layers, such as site surveys and permitting, to secure long-term commercial contracts.
For a deeper dive into the companys valuation metrics and historical performance, consider reviewing the detailed reports on ValueRay.
- Expansion into high-margin refueling and convenience store infrastructure projects
- Federal infrastructure spending boosts demand for outdoor lighting and parking solutions
- Raw material price volatility impacts manufacturing margins for display solutions
- Adoption of integrated digital signage and IoT controls drives service revenue
- High interest rates slow commercial construction and capital expenditure for retailers
| Net Income: 19.6m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.05 > 0.02 and ΔFCF/TA -4.76 > 1.0 |
| NWC/Revenue: 14.82% < 20% (prev 17.60%; Δ -2.78% < -1%) |
| CFO/TA 0.05 > 3% & CFO 42.1m > Net Income 19.6m |
| Net Debt (303.8m) to EBITDA (51.4m): 5.91 < 3 |
| Current Ratio: 1.48 > 1.5 & < 3 |
| Outstanding Shares: last quarter (32.4m) vs 12m ago 4.59% < -2% |
| Gross Margin: 25.17% > 18% (prev 24.70%; Δ 0.47% > 0.5%) |
| Asset Turnover: 103.5% > 50% (prev 142.3%; Δ -38.81% > 0%) |
| Interest Coverage Ratio: 14.79 > 6 (EBIT TTM 37.9m / Interest Expense TTM 2.56m) |
| A: 0.11 (Total Current Assets 279.2m - Total Current Liabilities 188.3m) / Total Assets 800.5m |
| B: 0.10 (Retained Earnings 77.3m / Total Assets 800.5m) |
| C: 0.06 (EBIT TTM 37.9m / Avg Total Assets 592.6m) |
| D: 0.79 (Book Value of Equity 352.8m / Total Liabilities 447.7m) |
| Altman-Z'' = 2.32 = BBB |
| DSRI: 1.20 (Receivables 135.8m/100.9m, Revenue 613.4m/547.3m) |
| GMI: 0.98 (GM 24.70% / 25.17%) |
| AQI: 1.48 (AQ_t 0.58 / AQ_t-1 0.39) |
| SGI: 1.12 (Revenue 613.4m / 547.3m) |
| TATA: -0.03 (NI 19.6m - CFO 42.1m) / TA 800.5m) |
| Beneish M = -2.51 (Cap -4..+1) = A |
As of June 19, 2026, the stock is trading at USD 25.35 with a total of 446,690 shares traded.
Over the past week, the price has changed by +2.92%,
over one month by +7.83%,
over three months by +30.61% and
over the past year by +58.92%.
LSI Industries has received a consensus analysts rating of 4.67. Therefore, it is recommended to buy LYTS.
- StrongBuy: 2
- Buy: 1
- Hold: 0
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 30.3 | 19.6% |
P/E Trailing = 34.5676
P/E Forward = 18.9036
P/S = 1.5399
P/B = 2.6826
P/EG = 0.4012
Revenue TTM = 613.4m USD
EBIT TTM = 37.9m USD
EBITDA TTM = 51.4m USD
Long Term Debt = 203.0m USD (from longTermDebt, last quarter)
Short Term Debt = 58.0m USD (from shortTermDebt, last quarter)
Debt = 314.2m USD (from shortLongTermDebtTotal, last quarter) + Leases 53.2m
Net Debt = 303.8m USD (calculated: Debt 314.2m - CCE 10.3m)
Enterprise Value = 1.24b USD (939.1m + Debt 314.2m - CCE 10.3m)
Interest Coverage Ratio = 14.79 (Ebit TTM 37.9m / Interest Expense TTM 2.56m)
EV/FCF = 32.90x (Enterprise Value 1.24b / FCF TTM 37.8m)
FCF Yield = 3.04% (FCF TTM 37.8m / Enterprise Value 1.24b)
FCF Margin = 6.16% (FCF TTM 37.8m / Revenue TTM 613.4m)
Net Margin = 3.20% (Net Income TTM 19.6m / Revenue TTM 613.4m)
Gross Margin = 25.17% ((Revenue TTM 613.4m - Cost of Revenue TTM 459.0m) / Revenue TTM)
Gross Margin QoQ = 24.48% (prev 24.48%)
Tobins Q-Ratio = 1.55 (Enterprise Value 1.24b / Total Assets 800.5m)
Interest Expense / Debt = 0.81% (Interest Expense 2.56m / Debt 314.2m)
Taxrate = 30.41% (8.57m / 28.2m)
NOPAT = 26.3m (EBIT 37.9m * (1 - 30.41%))
Current Ratio = 1.48 (Total Current Assets 279.2m / Total Current Liabilities 188.3m)
Debt / Equity = 0.89 (Debt 314.2m / totalStockholderEquity, last quarter 352.8m)
Debt / EBITDA = 5.91 (Net Debt 303.8m / EBITDA 51.4m)
Debt / FCF = 8.04 (Net Debt 303.8m / FCF TTM 37.8m)
Total Stockholder Equity = 294.4m (last 4 quarters mean from totalStockholderEquity)
RoA = 3.31% (Net Income 19.6m / Total Assets 800.5m)
RoE = 6.66% (Net Income TTM 19.6m / Total Stockholder Equity 294.4m)
RoCE = 7.61% (EBIT 37.9m / Capital Employed (Equity 294.4m + L.T.Debt 203.0m))
RoIC = 3.99% (NOPAT 26.3m / Invested Capital 659.9m)
WACC = 7.58% (E(939.1m)/V(1.25b) * Re(9.92%) + D(314.2m)/V(1.25b) * Rd(0.81%) * (1-Tc(0.30)))
Discount Rate = 9.92% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 84.33 | Cagr: 5.72%
[DCF] Terminal Value 75.92% ; FCFF base≈37.2m ; Y1≈38.5m ; Y5≈43.4m
[DCF] Fair Price = 9.98 (EV 670.3m - Net Debt 303.8m = Equity 366.4m / Shares 36.7m; r=8.35% [WACC [floored]]; 5y FCF grow 3.69% → 2.50% )
EPS Correlation: 28.95 | EPS CAGR: 1.95% | SUE: -2.41 | # QB: -1
Revenue Correlation: 88.08 | Revenue CAGR: 10.54% | SUE: 1.89 | # QB: 4
EPS next Quarter (2026-09-30): EPS=0.34 | Chg30d=-4.17% | Revisions=-20% | Analysts=2
EPS current Year (2026-06-30): EPS=1.23 | Chg30d=-1.21% | Revisions=+20% | GrowthEPS=+14.5% | GrowthRev=+18.0%
EPS next Year (2027-06-30): EPS=1.40 | Chg30d=+0.36% | Revisions=-20% | GrowthEPS=+13.9% | GrowthRev=+30.9%
[Analyst] Revisions Ratio: -20%