Lindsay Corp

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LNN : NYSE : Industrial Goods
$74.18 -0.14 | -0.19%
Today's Range: 73.50 - 74.44
Avg. Daily Volume: 110,400
08/26/16 - 4:02 PM ET

Financial Analysis


LINDSAY CORP's gross profit margin for the third quarter of its fiscal year 2016 is essentially unchanged when compared to the same period a year ago. Sales and net income have dropped, underperforming the average competitor within its industry. LINDSAY CORP has strong liquidity. Currently, the Quick Ratio is 1.79 which shows the ability to cover short-term cash needs. The company's liquidity has decreased from the same period last year.

During the same period, stockholders' equity ("net worth") has decreased by 22.16% from the same quarter last year. The key liquidity measurements indicate that the company is unlikely to face financial difficulties in the near future.

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Income Statement Q3 FY16 Q3 FY15
Net Sales ($mil)141.32160.71
EBITDA ($mil)19.9625.72
EBIT ($mil)15.7321.59
Net Income ($mil)9.6412.93


Balance Sheet Q3 FY16 Q3 FY15
Cash & Equiv. ($mil)91.5154.02
Total Assets ($mil)501.71577.89
Total Debt ($mil)117.22117.4
Equity ($mil)244.94314.7


Profitability Q3 FY16 Q3 FY15
Gross Profit Margin32.5831.43
EBITDA Margin14.1216.0
Operating Margin11.1313.43
Sales Turnover1.011.01
Return on Assets1.847.06
Return on Equity3.7812.97
Debt Q3 FY16 Q3 FY15
Current Ratio3.013.25
Debt/Capital0.320.27
Interest Expense1.181.14
Interest Coverage13.3418.87


Share Data Q3 FY16 Q3 FY15
Shares outstanding (mil)10.6311.5
Div / share0.280.27
EPS0.91.1
Book value / share23.0427.36
Institutional Own % n/a n/a
Avg Daily Volume113538.0125920.0

Valuation


HOLD. LINDSAY CORP's P/E ratio indicates a significant premium compared to an average of 26.27 for the Machinery industry and a significant premium compared to the S&P 500 average of 25.30. To use another comparison, its price-to-book ratio of 3.11 indicates valuation on par with the S&P 500 average of 2.83 and a discount versus the industry average of 4.10. The price-to-sales ratio is below both the S&P 500 average and the industry average, indicating a discount.


Price/Earnings
1 2 3 4 5
premium   discount
  Price/Cash Flow
1 2 3 4 5
premium   discount
LNN 82.46 Peers 26.27   LNN 22.84 Peers 18.76

Premium. A higher P/E ratio than its peers can signify a more expensive stock or higher growth expectations.

LNN is trading at a significant premium to its peers.

 

Premium. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures.

LNN is trading at a premium to its peers.

 
Price/Projected
Earnings
1 2 3 4 5
premium   discount
  Price to
Earnings/Growth
1 2 3 4 5
premium   discount
LNN 26.52 Peers 22.07   LNN NM Peers 7.56

Premium. A higher price-to-projected earnings ratio than its peers can signify a more expensive stock or higher future growth expectations.

LNN is trading at a significant premium to its peers.

 

Neutral. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples.

LNN's negative PEG ratio makes this valuation measure meaningless.

 
Price/Book
1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
LNN 3.11 Peers 4.10   LNN -74.11 Peers -26.46

Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet.

LNN is trading at a discount to its peers.

 

Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios.

However, LNN is expected to significantly trail its peers on the basis of its earnings growth rate.

 
Price/Sales
1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
LNN 1.50 Peers 1.87   LNN -13.20 Peers -5.35

Discount. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales.

LNN is trading at a discount to its industry on this measurement.

 

Lower. A sales growth rate that trails the industry implies that a company is losing market share.

LNN significantly trails its peers on the basis of sales growth

 

 

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