Lindsay (LNN) AI Stock Analysis

• Market Cap: $1.26B
• Dividend Yield: 1.24%
• Average Volume (3M): 151.22K
• Price to Earnings (P/E): 17.2
• Beta (1Y): 0.67
• Revenue Growth: 11.41%
• EPS Growth: 13.05%
• Country: US
• Employees: 1,280
• Sector: Industrials
• Sector Strength: 72
• Industry: Agricultural - Machinery
• EPS (TTM): 0.99
• Shares Outstanding: 10,862,203
• 10 Day Avg. Volume: 226,768
• 30 Day Avg. Volume: 151,223
• PEG Ratio: 1.56
• Price to Book (P/B): 2.80
• Price to Sales (P/S): 2.20
• P/FCF Ratio: 16.48
• Enterprise Value/Market Cap: 1.10
• Enterprise Value/Revenue: 2.05
• Enterprise Value/Gross Profit: 6.57
• Enterprise Value/Ebitda: 11.81
• 1Y Price Target: $122.00
• Price Target Upside: 4.61% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 64 Neutral
• Price Target: $125.00 ▲(7.19% Upside)

Lindsay's overall stock score is driven by a solid financial foundation and strategic advancements in international markets and product innovation. However, technical indicators show bearish momentum, and challenges in the North American market and specific segments temper the outlook. The valuation is fair, but not compelling enough to offset the current market headwinds.

Positive Factors

International Market Growth

Strong international growth, particularly in MENA and South America, indicates successful market expansion and diversification, reducing reliance on North America.

Product Innovation

Innovative products like TowerWatch enhance operational efficiency and customer satisfaction, supporting long-term growth and competitive advantage.

Strong Cash Flow

Robust cash flow and liquidity provide financial flexibility for strategic investments and resilience against economic fluctuations.

Negative Factors

North American Market Challenges

Persistent challenges in North America, driven by low commodity prices, could hinder revenue growth and profitability in a key market.

Road Zipper Business Decline

Decline in Road Zipper sales impacts infrastructure segment growth, potentially affecting overall revenue and margin sustainability.

Credit Constraints in Brazil

Economic challenges in Brazil, such as high interest rates, may limit growth potential in a significant international market.

Lindsay Business Overview & Revenue Model

Company Description

Lindsay Corporation, together with its subsidiaries, provides water management and road infrastructure products and services in the United States and internationally. The company operates in two segments, Irrigation and Infrastructure. The Irrigation segment manufactures and markets center pivot, lateral move irrigation systems, and irrigation controls under the Zimmatic brand; hose reel travelers under the Perrot and Greenfield brands; and chemical injection systems, variable rate irrigation systems, flow meters, weather stations, soil moisture sensors, and remote monitoring and control systems under the GrowSmart brand. It also offers repair and replacement parts for its irrigation systems and controls; global positioning system positioning and guidance, variable rate irrigation, wireless irrigation management, irrigation scheduling, and smartphone applications; and industrial Internet of Things technology solutions, data acquisition and management systems, and custom electronic equipment for applications under the Elecsys brand. The Infrastructure segment provides Quickchange moveable barrier systems that help in highway reconstruction, paving and resurfacing, road widening, median and shoulder construction, and tunnels and bridge repairs; and re-directive and non-re-directive crash cushions, which are used to enhance highway safety at locations, such as toll booths, freeway off-ramps, medians and roadside barrier ends, bridge supports, utility poles, and other fixed roadway hazards. It also offers specialty barrier products; road marking and road safety equipment; and railroad signals and structures, and diameter steel tubing products, as well as outsourced manufacturing and production services for other companies. The company serves departments of transportation, municipal transportation road agencies, roadway contractors, subcontractors, distributors, and dealers. Lindsay Corporation was founded in 1954 and is headquartered in Omaha, Nebraska.

How the Company Makes Money

Lindsay generates revenue through multiple key streams, primarily from the sale of its irrigation equipment and systems, which constitute a significant portion of its income. The company's irrigation segment benefits from both the initial equipment sales and ongoing service agreements, ensuring continuous revenue from maintenance and support. Additionally, Lindsay's infrastructure solutions, including traffic management systems, provide another revenue stream through government contracts and partnerships with municipalities. The company also explores strategic partnerships and collaborations to expand its market reach and enhance product offerings, further driving its earnings.

Lindsay Financial Statement Overview

Summary

Lindsay demonstrates a solid financial foundation with strong profitability and low leverage. However, the company faces challenges in revenue growth, which could impact future profitability if not addressed. The balance sheet remains a strong point, providing stability, while cash flow generation shows positive trends but requires careful management to sustain growth.

Income Statement

Lindsay's income statement shows a mixed performance. The company has maintained a healthy gross profit margin around 31% over recent years, indicating efficient production and pricing strategies. However, revenue growth has been negative in recent periods, with a significant decline of 21.2% in the latest year, which is a concern. The net profit margin has remained stable around 10.9%, reflecting consistent profitability despite revenue challenges. The EBIT and EBITDA margins have shown some volatility, with recent declines, suggesting potential operational inefficiencies or increased costs.

Balance Sheet

The balance sheet of Lindsay reflects a strong equity position with a debt-to-equity ratio of 0.25, indicating low financial leverage and reduced risk from debt obligations. The return on equity is robust at 13.9%, showcasing effective use of shareholder funds to generate profits. The equity ratio stands at a healthy level, reinforcing the company's financial stability and ability to withstand economic fluctuations.

Cash Flow

Lindsay's cash flow statement reveals a positive trend in free cash flow growth, with a recent increase of 2.4%, indicating improved cash generation capabilities. The operating cash flow to net income ratio is strong at 0.93, suggesting efficient conversion of earnings into cash. However, the free cash flow to net income ratio is slightly lower at 0.68, which may indicate some challenges in maintaining cash flow relative to earnings.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	676.37M	676.37M	607.07M	674.08M	770.74M	567.65M
Gross Profit	210.78M	210.78M	191.06M	213.01M	199.18M	150.21M
EBITDA	117.31M	117.31M	99.98M	120.06M	107.64M	74.31M
Net Income	74.05M	74.05M	66.26M	72.38M	65.47M	42.57M
Balance Sheet
Total Assets	840.84M	840.84M	760.23M	745.66M	710.65M	637.18M
Cash, Cash Equivalents and Short-Term Investments	250.57M	250.57M	190.88M	166.31M	116.51M	146.71M
Total Debt	132.40M	132.40M	134.39M	136.11M	135.37M	134.03M
Total Liabilities	307.99M	307.99M	279.34M	290.01M	317.30M	298.74M
Stockholders Equity	532.85M	532.85M	480.89M	455.65M	393.36M	338.44M
Cash Flow
Free Cash Flow	90.41M	90.41M	66.78M	100.93M	-12.55M	17.46M
Operating Cash Flow	132.91M	132.91M	95.76M	119.71M	3.05M	43.97M
Investing Cash Flow	-48.57M	-48.57M	-25.94M	-47.42M	-8.95M	-27.62M
Financing Cash Flow	-26.85M	-26.85M	-38.64M	-17.30M	-12.69M	-11.66M

Lindsay Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 116.62
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For LNN, the sentiment is Negative. The current price of 116.62 is below the 20-day moving average (MA) of 133.43, below the 50-day MA of 136.95, and below the 200-day MA of 134.20, indicating a bearish trend. The MACD of -4.80 indicates Positive momentum. The RSI at 17.06 is Positive, neither overbought nor oversold. The STOCH value of 26.89 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for LNN.

Lindsay Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TEX	77 Outperform	$3.70B	21.02	9.45%	1.21%	-0.35%	-63.44%
ASTE	71 Outperform	$1.11B	24.26	7.02%	1.07%	1.17%	―
ALG	68 Neutral	$2.28B	19.15	11.30%	0.64%	-4.91%	-7.08%
DE	66 Neutral	$127.80B	24.72	21.59%	1.37%	-20.63%	-34.82%
AGCO	65 Neutral	$8.11B	81.69	2.42%	1.42%	-24.27%	-76.31%
LNN	64 Neutral	$1.26B	17.19	14.61%	1.24%	11.41%	13.05%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%

Lindsay Corporate Events

Lindsay Corp.’s Financial Stability Threatened by Overreliance on Key Customers and Projects

Lindsay Corp.’s financial stability is at risk due to its heavy reliance on a limited number of key customers and large projects, such as a multi-year $100 million agreement in the MENA region. This dependency could lead to significant revenue fluctuations if these customers alter their orders or face financial or geopolitical challenges. Additionally, the concentration of resources on these key relationships may detract from other business opportunities, potentially harming the company’s overall performance and reputation. The susceptibility of these regions to socioeconomic disruptions further exacerbates the risk, threatening Lindsay Corp.’s profitability and operational success.

Lindsay Corp. Reports Mixed Earnings with Record Highs

The recent earnings call of Lindsay Corp. presented a mixed sentiment, highlighting both achievements and challenges. The company reported strong international growth and product innovation, which were somewhat overshadowed by difficulties in the North American market and the Road Zipper business. Despite record earnings and strategic advancements, the outlook remains cautious due to ongoing market headwinds and specific segment declines.

Lindsay Approves 2026 Management Incentive Plan

On October 22, 2025, Lindsay Corporation’s Human Resources and Compensation Committee approved the Management Incentive Plan for fiscal year ending August 31, 2026. This plan allows senior officers, excluding the retiring CFO Brian Ketcham, to earn cash incentives based on company financial and individual performance criteria. Sam Hinrichsen will join as Senior Vice President and CFO, participating in the plan. The incentives are based on achieving fiscal 2026 revenue, operating margin, and free cash flow goals, with bonuses ranging from 0% to 200% of target amounts.

The most recent analyst rating on (LNN) stock is a Buy with a $157.00 price target. To see the full list of analyst forecasts on Lindsay stock, see the LNN Stock Forecast page.

Lindsay Corporation Achieves Record Earnings in 2025

Lindsay Corporation is a prominent global manufacturer and distributor of irrigation and infrastructure equipment and technology, catering to the agricultural and transportation sectors with innovative solutions. In its latest earnings report, Lindsay Corporation announced a robust fiscal year with double-digit revenue growth and record earnings, despite facing challenges in certain markets. The company reported a 23% increase in international irrigation revenues for the fourth quarter, driven by strong performance in South America, the MENA region, and Australia. However, North American irrigation revenues were down due to lower storm damage replacement demand and soft market conditions. Infrastructure revenues also saw a decline, attributed to the absence of Road Zipper System project sales that occurred in the previous year. For the full year, Lindsay Corporation achieved an 11% increase in irrigation revenues and a 16% rise in infrastructure revenues, leading to record net earnings of $74.1 million and a 13% increase in earnings per share. The company also generated free cash flow amounting to 122% of net earnings, highlighting its strong financial position. Looking ahead, Lindsay Corporation remains optimistic about growth opportunities in developing international markets, although it anticipates continued challenges in North America due to commodity price pressures and trade disruptions. The company expects stable growth in its infrastructure business, with ongoing demand for Road Zipper System leasing and road safety products.

Lindsay Appoints New CFO Amid Leadership Transition

On October 14, 2025, Lindsay Corporation announced the appointment of Sam Hinrichsen as Senior Vice President and Chief Financial Officer, effective January 1, 2026, succeeding Brian Ketcham upon his retirement. Hinrichsen, with extensive experience in global financial management, previously held roles at Stepan Company and CMC Materials Inc. His leadership is expected to align with Lindsay’s strategic priorities and support its long-term growth initiatives.

The most recent analyst rating on (LNN) stock is a Buy with a $157.00 price target. To see the full list of analyst forecasts on Lindsay stock, see the LNN Stock Forecast page.

Lindsay Appoints Jahidul Khandaker to Board of Directors

On September 15, 2025, Lindsay Corporation announced the appointment of Jahidul H. Khandaker to its Board of Directors, expanding the board from seven to eight members. Mr. Khandaker, who brings over 25 years of experience in technology transformation and operational excellence, will serve on the company’s Audit Committee. His expertise in enterprise IT, cloud transformation, and AI is expected to support Lindsay’s strategic priorities and long-term growth objectives, enhancing its competitive position and driving value for shareholders.

The most recent analyst rating on (LNN) stock is a Buy with a $158.00 price target. To see the full list of analyst forecasts on Lindsay stock, see the LNN Stock Forecast page.

Lindsay Extends Revolving Credit Agreement to 2030

Lindsay Corporation has entered into a Fourth Amendment to its Revolving Credit Agreement with Wells Fargo Bank, extending the termination date of its $50 million unsecured revolving credit facility from August 26, 2026, to August 26, 2030. This amendment, along with the First Modification to the Line of Credit Note, reflects the company’s strategic move to secure long-term financial flexibility, potentially impacting its operational stability and market positioning positively.

The most recent analyst rating on (LNN) stock is a Buy with a $153.00 price target. To see the full list of analyst forecasts on Lindsay stock, see the LNN Stock Forecast page.