(LNN) Lindsay - Overview
Sector: Industrials | Industry: Farm & Heavy Construction Machinery | Exchange: NYSE (USA) | Market Cap: 1.142m USD | Total Return: -19.8% in 12m
Avg Turnover: 19.4M
EPS Trend: -4.0%
Qual. Beats: -1
Rev. Trend: -15.3%
Qual. Beats: -2
Warnings
No concerns identified
Tailwinds
No distinct edge detected
Lindsay Corporation (NYSE: LNN) is an Omaha-based industrial manufacturer specializing in water management and transportation infrastructure. The company operates through two primary segments: Irrigation and Infrastructure. The Irrigation division provides automated center-pivot and lateral-move systems under the Zimmatic brand, alongside integrated IoT solutions for soil monitoring and remote water management. The Infrastructure division focuses on highway safety, manufacturing the Road Zipper System for traffic congestion management and various crash cushions and signaling equipment.
The business model relies heavily on agricultural capital expenditure cycles and government infrastructure spending. In the irrigation sector, demand is often driven by the adoption of precision agriculture technologies aimed at improving water efficiency as global freshwater resources face increasing regulatory and environmental pressure. The infrastructure segment benefits from long-term municipal contracts and federal highway safety mandates.
For a deeper dive into these segments, ValueRay provides additional data points.
Founded in 1955, Lindsay has expanded its footprint internationally to serve both commercial farming operations and government transportation agencies. The company’s integration of the Elecsys brand allows it to provide custom electronic equipment and data management systems, diversifying its revenue streams beyond traditional hardware manufacturing into recurring technology services.
- Agricultural net income levels dictate domestic irrigation equipment demand
- International infrastructure spending drives Road Zipper system adoption and backlog
- Raw material costs for steel and zinc impact segment margins
- Federal infrastructure legislation funding accelerates highway safety product sales volume
| Net Income: 58.9m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.09 > 0.02 and ΔFCF/TA -2.27 > 1.0 |
| NWC/Revenue: 52.46% < 20% (prev 58.96%; Δ -6.50% < -1%) |
| CFO/TA 0.15 > 3% & CFO 123.0m > Net Income 58.9m |
| Net Debt (-23.9m) to EBITDA (87.8m): -0.27 < 3 |
| Current Ratio: 3.02 > 1.5 & < 3 |
| Outstanding Shares: last quarter (10.6m) vs 12m ago -2.90% < -2% |
| Gross Margin: 29.97% > 18% (prev 0.32%; Δ 2.97k% > 0.5%) |
| Asset Turnover: 77.07% > 50% (prev 79.53%; Δ -2.46% > 0%) |
| Interest Coverage Ratio: 114.1 > 6 (EBITDA TTM 87.8m / Interest Expense TTM 679k) |
| A: 0.40 (Total Current Assets 499.2m - Total Current Liabilities 165.3m) / Total Assets 837.7m |
| B: 0.91 (Retained Earnings 766.2m / Total Assets 837.7m) |
| C: 0.09 (EBIT TTM 77.5m / Avg Total Assets 825.9m) |
| D: 2.30 (Book Value of Equity 758.5m / Total Liabilities 329.9m) |
| Altman-Z'' = 8.64 = AAA |
| DSRI: 0.89 (Receivables 136.1m/155.4m, Revenue 636.6m/647.5m) |
| GMI: 1.05 (GM 29.97% / 31.60%) |
| AQI: 1.04 (AQ_t 0.19 / AQ_t-1 0.18) |
| SGI: 0.98 (Revenue 636.6m / 647.5m) |
| TATA: -0.08 (NI 58.9m - CFO 123.0m) / TA 837.7m) |
| Beneish M = -3.13 (Cap -4..+1) = AA |
As of May 27, 2026, the stock is trading at USD 110.73 with a total of 199,100 shares traded.
Over the past week, the price has changed by +2.41%,
over one month by +0.58%,
over three months by -17.12% and
over the past year by -19.83%.
Lindsay has received a consensus analysts rating of 3.50. Therefore, it is recommended to hold LNN.
- StrongBuy: 1
- Buy: 0
- Hold: 3
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 124 | 12% |
P/E Trailing = 19.9616
P/E Forward = 22.2222
P/S = 1.7933
P/B = 2.2353
P/EG = 1.1698
Revenue TTM = 636.6m USD
EBIT TTM = 77.5m USD
EBITDA TTM = 87.8m USD
Long Term Debt = 114.8m USD (from longTermDebt, last quarter)
Short Term Debt = 4.25m USD (from shortTermDebt, last quarter)
Debt = 162.2m USD (from shortLongTermDebtTotal, last quarter) + Leases 23.6m
Net Debt = -23.9m USD (calculated: Debt 162.2m - CCE 186.1m)
Enterprise Value = 1.12b USD (1.14b + Debt 162.2m - CCE 186.1m)
Interest Coverage Ratio = 114.1 (Ebit TTM 77.5m / Interest Expense TTM 679k)
EV/FCF = 15.53x (Enterprise Value 1.12b / FCF TTM 72.0m)
FCF Yield = 6.44% (FCF TTM 72.0m / Enterprise Value 1.12b)
FCF Margin = 11.30% (FCF TTM 72.0m / Revenue TTM 636.6m)
Net Margin = 9.25% (Net Income TTM 58.9m / Revenue TTM 636.6m)
Gross Margin = 29.97% ((Revenue TTM 636.6m - Cost of Revenue TTM 445.8m) / Revenue TTM)
Gross Margin QoQ = 26.85% (prev 32.15%)
Tobins Q-Ratio = 1.33 (Enterprise Value 1.12b / Total Assets 837.7m)
Interest Expense / Debt = 0.42% (Interest Expense 679k / Debt 162.2m)
Taxrate = 22.62% (3.52m / 15.6m)
NOPAT = 59.9m (EBIT 77.5m * (1 - 22.62%))
Current Ratio = 3.02 (Total Current Assets 499.2m / Total Current Liabilities 165.3m)
Debt / Equity = 0.32 (Debt 162.2m / totalStockholderEquity, last quarter 507.8m)
Debt / EBITDA = -0.27 (Net Debt -23.9m / EBITDA 87.8m)
Debt / FCF = -0.33 (Net Debt -23.9m / FCF TTM 72.0m)
Total Stockholder Equity = 521.9m (last 4 quarters mean from totalStockholderEquity)
RoA = 7.13% (Net Income 58.9m / Total Assets 837.7m)
RoE = 11.28% (Net Income TTM 58.9m / Total Stockholder Equity 521.9m)
RoCE = 12.17% (EBIT 77.5m / Capital Employed (Equity 521.9m + L.T.Debt 114.8m))
RoIC = 12.22% (NOPAT 59.9m / Invested Capital 490.5m)
WACC = 7.40% (E(1.14b)/V(1.30b) * Re(8.40%) + D(162.2m)/V(1.30b) * Rd(0.42%) * (1-Tc(0.23)))
Discount Rate = 8.40% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -73.33 | Cagr: -1.90%
[DCF] Terminal Value 73.10% ; FCFF base≈78.5m ; Y1≈68.9m ; Y5≈55.6m
[DCF] Fair Price = 88.21 (EV 893.1m - Net Debt -23.9m = Equity 917.0m / Shares 10.4m; r=8.35% [WACC [floored]]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: -3.95 | EPS CAGR: -0.31% | SUE: -2.02 | # QB: -1
Revenue Correlation: -15.32 | Revenue CAGR: -0.75% | SUE: -1.21 | # QB: -2
EPS current Quarter (2026-05-31): EPS=1.21 | Chg30d=+0.00% | Revisions=-50% | Analysts=4
EPS current Year (2026-08-31): EPS=5.08 | Chg30d=+0.00% | Revisions=-43% | GrowthEPS=-25.1% | GrowthRev=-7.4%
EPS next Year (2027-08-31): EPS=6.34 | Chg30d=+0.00% | Revisions=-14% | GrowthEPS=+24.7% | GrowthRev=+4.8%
[Analyst] Revisions Ratio: -50%