Lindsay Corporation (LNN) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+24.5%

$136.50

vs $109.62 price

Levered DCF

$206.16

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

5.07

Safe zone

Rating

Overall 4 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	21.48×	20.12×	20.54×	18.86×	26.86×	42.14×	27.99×	441.3×
P/B	2.36×	2.8×	2.83×	3×	4.47×	5.3×	3.62×	3.55×
P/S	1.88×	2.2×	2.24×	2.03×	2.28×	3.16×	2.28×	2.14×
EV / EBITDA	11.61×	11.73×	12.61×	10.86×	15.95×	24.28×	15.16×	45.01×
Gross margin	28.9%	31.2%	31.5%	31.6%	25.8%	26.5%	32.1%	25.8%
Operating margin	10.5%	13.0%	12.6%	15.2%	12.3%	9.5%	11.4%	1.4%
Net margin	8.8%	10.9%	10.9%	10.7%	8.5%	7.5%	8.1%	0.5%
Current ratio	3.15×	3.71×	3.92×	3.58×	2.96×	3.01×	3.4×	3.82×
Debt / equity	0.27×	0.26×	0.28×	0.3×	0.35×	0.41×	0.49×	0.43×
Interest coverage	0×	48.08×	23.69×	26.98×	22.17×	11.39×	11.39×	1.28×
Dividend yield	1.3%	1.1%	1.1%	1.1%	0.8%	0.8%	1.3%	1.4%
Payout ratio	27.7%	21.3%	23.3%	20.8%	22.3%	33.3%	35.3%	615.8%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	11.0%	13.9%	13.8%	15.9%	16.6%	12.6%	12.9%	0.8%
Return on invested capital	7.4%	9.8%	10.1%	12.0%	12.7%	9.1%	9.1%	1.5%
Return on assets	6.8%	8.8%	8.7%	9.7%	9.2%	6.7%	6.8%	0.4%
Free cash flow yield	2.9%	6.1%	4.9%	7.4%	-0.7%	1.0%	2.3%	-2.0%
Earnings yield	4.7%	5.0%	4.9%	5.3%	3.7%	2.4%	3.6%	0.2%
Enterprise value	$1.1B	$1.4B	$1.3B	$1.3B	$1.8B	$1.8B	$1.1B	$940.4M
Net debt / EBITDA	-0.53×	-0.97×	-0.55×	-0.2×	0.3×	0.15×	0.35×	-0.53×
Cash conversion cycle (days)	127	130	173	167	151	148	150	132