Lindsay (LNN) AI Stock Analysis

• Market Cap: $1.26B
• Dividend Yield: 1.23%
• Average Volume (3M): 137.56K
• Price to Earnings (P/E): 17.5
• Beta (1Y): 0.74
• 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: 10,591,980
• 10 Day Avg. Volume: 127,780
• 30 Day Avg. Volume: 137,561
• 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: 2.62% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 2
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 70 Outperform
• Price Target: $131.00 ▲(10.20% Upside)

Lindsay's overall stock score reflects a solid financial foundation and positive corporate events, offset by technical challenges and mixed earnings call sentiment. The company's valuation is fair, but revenue growth challenges and market headwinds in North America pose risks.

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 several key streams, primarily from the sale of irrigation systems and related equipment. The company earns money by selling its center pivot and lateral move irrigation systems directly to farmers and agricultural distributors. Additionally, Lindsay provides aftermarket services, including parts and maintenance, which contribute significantly to recurring revenue. Partnerships with agricultural co-ops, retailers, and distributors enhance their market reach and drive sales. The company also benefits from government subsidies and programs aimed at promoting water conservation and efficient agriculture, which can incentivize the purchase of their products.

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	123.44M	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	138.53M	138.02M
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: 118.88
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

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 118.88 is above the 20-day moving average (MA) of 113.27, below the 50-day MA of 121.39, and below the 200-day MA of 131.07, indicating a neutral trend. The MACD of -0.16 indicates Negative momentum. The RSI at 56.61 is Neutral, neither overbought nor oversold. The STOCH value of 85.34 is Negative, 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
LNN	70 Outperform	$1.26B	17.53	14.61%	1.23%	11.41%	13.05%
TEX	70 Neutral	$3.27B	21.13	7.85%	1.36%	4.60%	-65.73%
DE	68 Neutral	$128.44B	25.68	20.61%	1.34%	-11.66%	-27.80%
ALG	67 Neutral	$2.00B	17.09	10.82%	0.73%	-2.73%	-2.91%
ASTE	66 Neutral	$1.03B	21.70	7.37%	1.15%	6.66%	―
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
AGCO	59 Neutral	$7.85B	20.97	8.69%	1.10%	-20.09%	121.28%

Lindsay Corporate Events

Lindsay Announces Leadership Change in Irrigation Division

On November 3, 2025, Lindsay Corporation announced the mutual agreement for Gustavo E. Oberto to step down as President of Irrigation, effective November 30, 2025. In his place, Brian J. Magnusson will take over the role starting December 1, 2025. This leadership change is expected to align with the company’s strategic goals and ensure continuity in its operations.

Lindsay Announces New $150M Share Repurchase Program

On November 3, 2025, Lindsay Corporation’s Board of Directors authorized a new share repurchase program of up to $150 million, following the completion of a previous $250 million program. This initiative aims to provide flexibility in returning capital to shareholders while maintaining financial strength for growth and innovation. The repurchases will be conducted at management’s discretion, considering market conditions and applicable laws, and are subject to a 1% excise tax under the Inflation Reduction Act.

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.

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.

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.