Lindsay (LNN) AI Stock Analysis

• Market Cap: $1.49B
• Dividend Yield: 1.05%
• Average Volume (3M): 163.36K
• Price to Earnings (P/E): 19.8
• Beta (1Y): 0.67
• Revenue Growth: 9.46%
• EPS Growth: 5.91%
• Country: US
• Employees: 1,280
• Sector: Industrials
• Sector Strength: 94
• Industry: Agricultural - Machinery
• EPS (TTM): 1.78
• Shares Outstanding: 10,862,203
• 10 Day Avg. Volume: 152,168
• 30 Day Avg. Volume: 163,357
• PEG Ratio: -27.33
• Price to Book (P/B): 2.79
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 16.68
• Enterprise Value/Market Cap: 0.95
• Enterprise Value/Revenue: 0.56
• Enterprise Value/Gross Profit: 6.67
• Enterprise Value/Ebitda: 3.35
• 1Y Price Target: $136.00
• Price Target Upside: -1.08% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 2

• Rating: 71 Outperform
• Price Target: $150.00 ▲(9.10%Upside)

Lindsay Corporation's stock is supported by strong financial performance and positive earnings call insights, particularly due to international market growth and new projects. However, technical indicators suggest caution in the short term, and valuation metrics indicate the stock is fairly priced.

Positive Factors

Earnings

Lindsay reported strong fiscal third-quarter results, with revenue of $170 million above consensus of $157 million.

International Expansion

The sales and earnings beat was primarily driven by a 60% increase in international irrigation revenue due to strong project volumes in the MENA region.

Negative Factors

Domestic Market Challenges

The company’s domestic irrigation business faced headwinds from lower sales volumes of irrigation equipment, lower average selling prices, and lower sales of replacement parts; domestic irrigation revenue declined 7% year-over-year in the quarter.

Tariffs

Management discussed challenges related to tariffs impacting the company's operations.

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 Corporation generates revenue through the sale of its irrigation systems and infrastructure products. The company's irrigation segment, which is its largest revenue stream, sells equipment like center pivots and lateral move systems to agricultural producers around the world. These systems are essential for efficient water management in farming, which is increasingly important in regions facing water scarcity. Additionally, Lindsay earns revenue from its infrastructure division, which manufactures transportation safety products, such as crash cushions and road safety barriers, sold to governments and private entities involved in infrastructure development. The company also benefits from significant partnerships with distributors and dealers, which help expand its market reach and drive sales growth.

Lindsay Financial Statement Overview

Summary

Lindsay demonstrates strong financial performance with steady revenue growth and robust profitability margins. The balance sheet is stable with low leverage and excellent cash flow management. Minor pressures on cost management and liabilities slightly detract from an otherwise strong financial health.

Income Statement

Lindsay demonstrates a strong financial performance with a steady increase in revenue, as seen with a 11.64% growth in TTM (Trailing-Twelve-Months) compared to the previous annual period. The gross profit margin is solid at 31.23%, and the net profit margin is healthy at 11.21%. Margins show profitability strength, with an EBIT margin of 13.32% and an EBITDA margin of 17.11%. However, the company saw a slight decrease in gross profit, indicating some pressure on cost management.

Balance Sheet

The balance sheet exhibits robust stability with a low debt-to-equity ratio of 0.26, indicating conservative leverage. The return on equity (ROE) is impressive at 14.37%, reflecting effective use of shareholder funds. The equity ratio stands at a strong 62.88%, suggesting a solid equity base. Minor increases in liabilities require monitoring, but overall, the financial health remains strong.

Cash Flow

Cash flow performance is notably strong, with a substantial 32.23% growth in free cash flow in TTM. The operating cash flow to net income ratio is 1.61, indicating efficient cash generation relative to profits. The free cash flow to net income ratio is 1.16, suggesting robust cash flow generation. The company effectively manages capital expenditures, enhancing its cash flow stability.

Breakdown	Sep 2024	Sep 2023	Sep 2022	Sep 2021	Sep 2020
Income Statement
Total Revenue	607.07M	674.08M	770.74M	567.65M	474.69M
Gross Profit	191.06M	213.01M	199.18M	150.21M	152.54M
EBITDA	99.98M	120.06M	107.64M	74.31M	73.00M
Net Income	66.26M	72.38M	65.47M	42.57M	38.63M
Balance Sheet
Total Assets	760.23M	745.66M	710.65M	637.18M	570.53M
Cash, Cash Equivalents and Short-Term Investments	190.88M	166.31M	116.51M	146.71M	140.91M
Total Debt	134.39M	136.11M	135.37M	134.03M	141.74M
Total Liabilities	279.34M	290.01M	317.30M	298.74M	272.01M
Stockholders Equity	480.89M	455.65M	393.36M	338.44M	298.52M
Cash Flow
Free Cash Flow	66.78M	100.93M	-12.55M	17.46M	24.59M
Operating Cash Flow	95.76M	119.71M	3.05M	43.97M	46.03M
Investing Cash Flow	-25.94M	-47.42M	-8.95M	-27.62M	-38.51M
Financing Cash Flow	-38.64M	-17.30M	-12.69M	-11.66M	-13.44M

Lindsay Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 137.49
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For LNN, the sentiment is Positive. The current price of 137.49 is below the 20-day moving average (MA) of 140.92, below the 50-day MA of 139.15, and above the 200-day MA of 129.94, indicating a neutral trend. The MACD of -0.61 indicates Positive momentum. The RSI at 46.73 is Neutral, neither overbought nor oversold. The STOCH value of 50.75 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for LNN.

Lindsay Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
OSK	77 Outperform	$8.23B	13.66	15.24%	1.52%	5.95%	-10.59%
ALG	72 Outperform	$2.63B	22.81	11.48%	0.53%	-6.43%	-14.68%
DE	72 Outperform	$139.52B	24.92	24.07%	1.23%	-22.26%	-37.83%
LNN	71 Outperform	$1.49B	19.84	15.06%	1.05%	9.46%	5.91%
CAT	70 Outperform	$202.01B	20.84	55.67%	1.34%	-5.58%	-7.37%
Sector *	67 Neutral	£2.85B	10.42	4.69%	215.06%	2.73%	-20.56%
AGCO	58 Neutral	$8.24B	46.40	-13.60%	1.05%	-23.02%	-152.78%

Lindsay Corporate Events

Lindsay Announces CFO Retirement Effective December 2025

On July 23, 2025, Lindsay Corporation announced the upcoming retirement of Brian L. Ketcham, the Senior Vice President and Chief Financial Officer, effective December 31, 2025. To ensure a smooth transition, Ketcham will provide consulting services until December 31, 2026, receiving compensation and benefits during this period. His leadership has been pivotal in strengthening Lindsay’s financial strategy and global capabilities, and the company is now searching for his successor.

The most recent analyst rating on (LNN) stock is a Hold with a $126.00 price target. To see the full list of analyst forecasts on Lindsay stock, see the LNN Stock Forecast page.