Lindsay Corporation Common Stock (LNN)

FairStock Score: 41/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I approach Lindsay as a cyclical industrial with two segments: irrigation and road infrastructure. In fiscal Q3 2026, the quarter ended 2026-05-31, revenue was $156.9M, net income $15.8M, and diluted EPS $1.53. Compared with fiscal Q3 2025, the quarter ended 2025-05-31, when revenue was $165.7M, net income $19.5M, and diluted EPS $1.78, sales fell about 5% and profit fell about 19%. That reminds me farm income and infrastructure spending drive this business. In fiscal 2025, the year ended 2025-08-31, revenue was $659.1M, net income $74.1M, and diluted EPS $6.78, up from fiscal 2024, the year ended 2024-08-31, when revenue was $584.3M, net income $66.3M, and diluted EPS $6.01. But fiscal 2023, the year ended 2023-08-31, had revenue of $661.9M, so sales have not compounded reliably. The balance sheet is reasonable: debt-to-equity 0.28 and Altman Z-Score 4.24, while Piotroski F-Score is 6/9. Still, ROCE 4.66% and ROE 10.74%, both FairStock calculations, are not extraordinary. Free cash flow of $44.9M gives a 3.8% FCF yield. At $115.46 on 2026-10-13, the FairStock P/E is 22.12, P/B 2.35, and EV/EBITDA 13.25. The Graham Number is $75.92, implying a -52.08% margin of safety, and the FairStock Score is 41/100. The Zimmatic and Perrot brands are established, but modest returns do not suggest a wide moat. This is a cyclical company, as the Lynch category says, with earnings following the economic cycle. I see a decent small industrial, not a bargain. The price seems to already reflect a recovery that the latest quarter does not confirm.

In plain English: Lindsay makes irrigation systems and road infrastructure products. Its latest filed quarter showed lower sales and profit than a year earlier, and the business looks only moderately profitable. At $115.46 on 2026-10-13, the stock looks expensive compared with its earnings, book value, and a simple conservative value estimate.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q3 2026 10-Q (period ended 2026-05-31) · fiscal Q2 2026 10-Q (period ended 2026-02-28) · fiscal Q1 2026 10-Q (period ended 2025-11-30) · fiscal Q3 2025 10-Q (period ended 2025-05-31) · FY2025 10-K (period ended 2025-08-31) · FY2024 10-K (period ended 2024-08-31) · FY2023 10-K (period ended 2023-08-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer