Lindsay Australia Limited (LAU) AI Stock Analysis

• Market Cap: AU$233.65M
• Dividend Yield: 5.59%
• Average Volume (3M): 606.26K
• Price to Earnings (P/E): 5.0
• Beta (1Y): 0.94
• Revenue Growth: 5.65%
• EPS Growth: -36.97%
• Country: AU
• Employees: 1,852
• Sector: Industrials
• Sector Strength: 72
• Industry: Trucking
• EPS (TTM): 0.04
• Shares Outstanding: 365,071,960
• 10 Day Avg. Volume: 569,846
• 30 Day Avg. Volume: 606,264
• PEG Ratio: -0.35
• Price to Book (P/B): 1.46
• Price to Sales (P/S): 0.27
• P/FCF Ratio: 4.25
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: AU$1.00
• Price Target Upside: 56.25% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2
• EPS Forecast (FY): 0.08
• Revenue Forecast (FY): AU$1.05B

• Rating: 61 Neutral
• Price Target: AU$0.75 ▲(17.03% Upside)
• Action: Downgraded Date: 09/03/25
• Date: Action: Downgraded 09/03/25

Lindsay Australia Limited's stock score is primarily influenced by its financial performance, which shows potential but is hindered by high leverage and profitability challenges. The technical analysis indicates bearish momentum, while the valuation suggests the stock is attractive for income-focused investors due to its high dividend yield. The absence of earnings call data and corporate events limits additional insights.

Positive Factors

Integrated supply‑chain business model

Lindsay Australia’s integrated offering across transport, cold‑chain logistics and packaging creates durable customer relationships and cross‑sell opportunities. A bundled farm‑to‑market model raises switching costs, smooths revenue volatility, and aligns with ongoing structural demand for fresh produce logistics.

Consistent revenue growth

The company’s repeated top‑line gains demonstrate expanding market penetration and demand for its services. Durable revenue expansion supports fixed‑cost absorption, incremental margin improvement potential, and provides a foundation for reinvestment into network capacity and service offerings over the next several months.

Cash conversion relative to earnings

Despite pressures on absolute free cash flow, a healthy free‑cash‑flow‑to‑net‑income ratio indicates the business still converts reported profits into cash efficiently. That relative cash generation supports near‑term capex funding, working capital needs and positions management to address debt obligations more predictably.

Negative Factors

High financial leverage

A debt/equity ratio above 2x materially increases refinancing and interest service risk, limiting financial flexibility. In a cyclical industry like horticultural logistics this elevated leverage reduces headroom for margin shocks, constrains strategic investment capacity, and heightens vulnerability to rate rises or weaker volumes.

Declining free cash flow growth

Negative free cash flow growth and falling operating cash flow erode the company’s ability to self‑fund capital expenditure, pay down debt, or return cash to shareholders. Over a multi‑month horizon this reduces optionality, increases reliance on external financing, and amplifies the impact of the company’s already high leverage.

Profitability pressure and EPS decline

Declining gross and net margins alongside a large negative EPS change point to margin compression and weaker bottom‑line conversion. Sustained profitability deterioration undermines returns on equity, limits internal capital generation for growth or deleveraging, and challenges long‑term shareholder value creation.

Lindsay Australia Limited Business Overview & Revenue Model

Company Description

Lindsay Australia Limited, together with its subsidiaries, provides integrated transport, logistics, and rural supply services to the agriculture, horticulture, and food-related industries in Australia. The company operates through Transport and Rural segments. It also provides packaging, fertilizers, chemicals, and irrigation equipment services. In addition, the company offers linehaul, dry and general, refrigerated chiller freight, and local pick-up delivery services. Further, the company provides unloading, cross-docking, storage, ripening, fumigation, and import/export services. Lindsay Australia Limited was incorporated in 1993 and is based in Acacia Ridge, Australia.

How the Company Makes Money

Lindsay Australia Limited generates revenue primarily through its logistics services, which include the transportation of goods, warehousing, and supply chain management. The company operates a fleet of vehicles that facilitate the movement of temperature-sensitive products, allowing it to serve clients in industries where product integrity is crucial. Key revenue streams include freight charges for transporting goods, fees for warehousing and storage services, and logistics management fees for overseeing supply chains. Additionally, LAU benefits from long-term contracts with major clients, enhancing revenue stability. The company's partnerships with agricultural producers and retailers further contribute to its earnings by providing consistent demand for its services.

Lindsay Australia Limited Financial Statement Overview

Summary

Lindsay Australia Limited shows steady revenue growth and operational efficiency, but faces challenges with profitability and high leverage. The cash flow situation requires attention due to declining free cash flow growth. Overall, the company must address leverage and profitability issues to ensure long-term stability.

Income Statement

Lindsay Australia Limited has shown consistent revenue growth over the years, with a 3.13% increase in the latest period. However, the gross profit margin has decreased slightly from previous years, indicating potential cost pressures. The net profit margin has also declined, suggesting challenges in maintaining profitability. Despite these issues, the company maintains a stable EBIT and EBITDA margin, reflecting operational efficiency.

Balance Sheet

The company's debt-to-equity ratio is relatively high at 2.06, indicating significant leverage, which could pose risks if not managed properly. Return on equity has decreased, reflecting reduced profitability for shareholders. However, the equity ratio remains stable, suggesting a balanced asset structure.

Cash Flow

Operating cash flow has decreased, impacting the operating cash flow to net income ratio. Free cash flow growth has been negative, which could affect future investments and debt repayments. However, the free cash flow to net income ratio remains healthy, indicating good cash generation relative to net income.

Breakdown	TTM	Jun 2025	Jun 2024	Jun 2023	Jun 2022	Jun 2021
Income Statement
Total Revenue	958.78M	849.78M	804.37M	676.25M	553.07M	435.15M
Gross Profit	111.83M	620.15M	604.09M	542.28M	424.29M	141.78M
EBITDA	103.30M	92.23M	98.48M	98.28M	69.75M	44.67M
Net Income	15.67M	17.39M	27.27M	34.52M	19.23M	1.25M
Balance Sheet
Total Assets	751.88M	624.12M	550.05M	497.35M	424.07M	385.77M
Cash, Cash Equivalents and Short-Term Investments	21.64M	108.98M	45.56M	51.97M	29.04M	27.59M
Total Debt	567.75M	320.37M	247.05M	234.04M	205.96M	203.45M
Total Liabilities	553.18M	468.66M	400.69M	369.98M	321.16M	296.89M
Stockholders Equity	198.70M	155.46M	149.37M	127.37M	102.92M	88.88M
Cash Flow
Free Cash Flow	43.75M	53.28M	82.14M	49.48M	25.83M	48.88M
Operating Cash Flow	65.03M	70.69M	102.71M	86.00M	39.63M	51.73M
Investing Cash Flow	-80.76M	-29.09M	-40.52M	-34.11M	-10.64M	-1.87M
Financing Cash Flow	10.58M	21.82M	-68.60M	-28.96M	-27.54M	-40.16M

Lindsay Australia Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.64
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:LAU, the sentiment is Negative. The current price of 0.64 is below the 20-day moving average (MA) of 0.68, below the 50-day MA of 0.68, and below the 200-day MA of 0.67, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 40.50 is Neutral, neither overbought nor oversold. The STOCH value of 18.77 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:LAU.

Lindsay Australia Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
VYS	73 Outperform	AU$448.33M	12.73	15.23%	―	40.38%	7.14%
IPG	73 Outperform	AU$514.70M	8.12	16.64%	2.93%	22.13%	9.16%
CLX	71 Outperform	AU$180.81M	3.47	11.37%	4.59%	1.33%	-11.07%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
LAU	61 Neutral	AU$233.65M	4.96	11.41%	5.59%	5.65%	-36.97%
VEE	54 Neutral	AU$93.19M	-1.38	5.66%	1.28%	-14.88%	-56.89%

Lindsay Australia Limited Corporate Events

Private Portfolio Managers Ceases to Be Substantial Holder in Lindsay Australia

Private Portfolio Managers Pty Ltd has notified that it has ceased to be a substantial shareholder in Lindsay Australia Limited, according to a substantial holder notice filed under the Corporations Act. The change reduces the fund manager’s voting power in the company, signalling a shift in its investment position that may slightly alter the shareholder base but does not directly affect Lindsay Australia’s operations.

The notice identifies Private Portfolio Managers as acting on behalf of its clients and records the formal change in its relevant interest in Lindsay Australia’s ordinary shares. While the filing is largely procedural, it confirms that a previously significant institutional holder has stepped back below the substantial holding threshold, which may be of interest to investors tracking the company’s ownership structure.

The most recent analyst rating on (AU:LAU) stock is a Hold with a A$0.70 price target. To see the full list of analyst forecasts on Lindsay Australia Limited stock, see the AU:LAU Stock Forecast page.

Lindsay Australia lifts HY26 earnings on acquisitions and network expansion

Lindsay Australia reported a robust first half for FY26, with group revenue rising 24.8% to $540.3 million and underlying EBITDA up 16% to $66.4 million, driven by the first full-half contribution from SRT Logistics and GJ Freight, strong seasonal produce volumes and broader geographic diversification. Transport led growth on the back of increased volumes from dairy, protein and horticulture customers, while the Rural and Hunter businesses improved, supported by network expansion, packaging strength and early turnaround benefits, though margins were tempered by competitive pricing and higher operating costs.

The group tightened capital discipline, cutting its FY26 capex plan to $40 million–$45 million from $58.7 million as heavy property and expansion spending peaks, redeploying over $5 million of capital and realising about $1 million in annualised SRT cost synergies. Net leverage rose to 2.23x following acquisitions and front-loaded investment but is expected to ease in the second half as cash flow normalises, while a fully franked interim dividend of 2.1 cents per share and a 12.6% ROIC underscore a focus on shareholder returns and progress toward its mid-term return targets.

The most recent analyst rating on (AU:LAU) stock is a Hold with a A$0.72 price target. To see the full list of analyst forecasts on Lindsay Australia Limited stock, see the AU:LAU Stock Forecast page.

Lindsay Australia Declares Interim Dividend of 2.1 Cents Per Share

Lindsay Australia Limited has declared an ordinary dividend of AUD 0.021 per fully paid share relating to the six-month period ended 31 December 2025, continuing its pattern of semi-annual shareholder distributions. The dividend will trade ex on 1 April 2026, with a record date of 2 April 2026 and payment scheduled for 17 April 2026, giving investors clear visibility on near-term cash returns and reinforcing the company’s commitment to capital management discipline.

Shareholders can participate in the dividend reinvestment plan by making their election by 5:00 p.m. on 7 April 2026, allowing them to compound their investment rather than taking cash. The timetable and structure of the payout indicate no additional regulatory or court approvals are required, suggesting a straightforward distribution process and minimal execution risk for stakeholders.

The most recent analyst rating on (AU:LAU) stock is a Hold with a A$0.72 price target. To see the full list of analyst forecasts on Lindsay Australia Limited stock, see the AU:LAU Stock Forecast page.

Lindsay Australia Issues 505,000 Shares on Exercise of Nil-Price Options

Lindsay Australia Limited has issued 505,000 new ordinary shares following the exercise of an equal number of unlisted options that were exercisable at no cash consideration and had an expiry date of 30 June 2027. The company has confirmed that the shares were issued without a prospectus under the Corporations Act’s disclosure exemptions, and that it remains compliant with its financial reporting and continuous disclosure obligations, indicating no undisclosed price-sensitive information for investors.

The new share issuance marginally increases Lindsay Australia’s share capital and may slightly dilute existing shareholders, but it does not involve raising new funds given the nil exercise price on the options. By lodging the necessary ASX filings and a cleansing notice, the company has ensured the new shares can be freely traded and has reinforced its adherence to governance and regulatory standards, providing assurance to the market about transparency and compliance.

The most recent analyst rating on (AU:LAU) stock is a Hold with a A$0.70 price target. To see the full list of analyst forecasts on Lindsay Australia Limited stock, see the AU:LAU Stock Forecast page.

Lindsay Australia Seeks ASX Quotation for 505,000 New Ordinary Shares

Lindsay Australia Limited has applied for quotation on the ASX of 505,000 new fully paid ordinary shares under code LAU, with an issue date of 11 February 2026. The additional securities arise from the exercise or conversion of existing options or other convertible securities, marginally increasing the company’s listed capital base and potentially enhancing liquidity for current and prospective investors.

The most recent analyst rating on (AU:LAU) stock is a Hold with a A$0.70 price target. To see the full list of analyst forecasts on Lindsay Australia Limited stock, see the AU:LAU Stock Forecast page.