Lindsay Corporation Stock Fair Value – Lindsay Corporation Announces Third Quarter Fiscal Year 2023 Financial Results on May 31, 2023
July 6, 2023
🌥️Earnings Overview
The Lindsay Corporation ($NYSE:LNN) announced on May 31, 2023, their financial results for the third quarter of fiscal year 2023, which ended June 29, 2023. Overall revenue for the period was USD 164.6 million, a decline of 23.2% compared to the same period in the previous year. Net income was reported at USD 16.9 million, a decrease of 32.7% year-over-year.
Price History
At the opening of the market, LINDSAY CORPORATION stock opened at $110.4 and closed at $115.7, which was a drop of 7.3% from its previous closing price of $124.7. This decrease in the stock value could be attributed to a few different factors, such as a decrease in profits or a change in the outlook of the company. The company released their financial results in a press release which outlined their third quarter performance. This decrease in the operating income could be attributed to an increase in operating expenses or a decrease in total revenues.
The press release also provided information on the company’s cash position, financial condition, and liquidity. Overall, Lindsay Corporation‘s stock performance was not as strong as expected, though their financial results remained relatively in line with their goals for the quarter. Investors should pay close attention to how the company’s stock performs in the future and how the company’s operations and financial results evolve over time. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Lindsay Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 697.15 | 71.08 | 10.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Lindsay Corporation. More…
| Operations | Investing | Financing |
| 87.15 | -17.84 | -17.21 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Lindsay Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 723.62 | 286.82 | 39.68 |
Key Ratios Snapshot
Some of the financial key ratios for Lindsay Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 15.9% | 37.7% | 14.8% |
| FCF Margin | ROE | ROA |
| 10.1% | 15.0% | 8.9% |
Analysis – Lindsay Corporation Stock Fair Value
At GoodWhale, we analyzed the financials of LINDSAY CORPORATION and came up with an intrinsic value of $156.9. Our proprietary Valuation Line was instrumental in arriving at this figure. We believe that the current stock price of LINDSAY CORPORATION, which is $115.7, is undervalued by 26.2%. This presents an opportunity for investors to buy the stock at a lower price than what its true value is. We invite investors to take advantage of this opportunity while it lasts. More…
Peers
The Company operates through three segments: Irrigation, Infrastructure, and Industrial. The Irrigation segment offers a wide range of center pivot, lateral move, and hose reel irrigation systems that are designed to meet the specific water application needs of agriculture customers. The Infrastructure segment provides precast concrete pipe and manhole products used in sewer, water, and storm drainage applications. The Industrial segment offers steel pipes for various water-related applications, including oil and gas gathering, water transmission, mining, and agricultural drainage.
– Retro Green Revolution Ltd ($BSE:519191)
Retro Green Revolution Ltd. has a market capitalization of $47.09 million as of 2022 and a return on equity of 5.72%. The company is engaged in the business of sustainable agriculture and forestry, with a focus on the reforestation of degraded lands. It has operations in the United States, Canada, and China.
– Two Rivers Water & Farming Co ($NASDAQ:NWPX)
Northwest Pipe Company is a manufacturer of welded steel pipe and tube products. The Company manufactures products primarily for the water transmission, oil and gas transmission, mining, and industrial end markets.
Summary
Lindsay Corporation reported a decrease in total revenue and net income for the third quarter of fiscal year 2023. Total revenue was USD 164.6 million, a decrease of 23.2% compared to the same period in the previous year, and net income was USD 16.9 million, a decrease of 32.7% compared to the year prior. In reaction to the news, the stock price moved down on May 31, 2023. While the company’s financials have weakened, investors should consider the overall outlook of its operations, key financial metrics such as cash flow and debt levels, and the industry it operates in when evaluating the company’s potential returns.
Related Posts
Recent Posts
Investing Everyone Can Do.
Investing shouldn’t be exclusive to a select few. We believe everyone should have the opportunity to grow their wealth. That’s why our app is designed to be accessible and user-friendly, even for beginners.
