Lindsay Corp Dossier
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SectorIndustrials IndustryFarm & Heavy Construction Machinery Beta (adjusted)0.80 Intrinsic Value $99.41median of 5 methods · middle span $59-$115based on filings through 31 May 2026 Market Price $112.38Price as of 1 Oct 2026 Near fair valueIntrinsic value is 12% below the market price −50% · IV below pricenear fair value ±15%IV above price · +50% Data confidence Sign in to view data confidence Market Cap $1.1B Enterprise Value $1.1B Shares Outstanding 10.5M diluted Moat Rating Narrow Next Earnings Date22 Oct 2026 Last ex-dividend17 Aug 2026 All prices and values are periodic snapshots, not live quotes. Source dates are shown for reference. ThesisStreet consensus, scenarios, merits, risks, and invalidation triggers Thesis Summary Lindsay Corporation (NYSE: LNN) maintains a fundamentally sound position in two critical global niches: precision agricultural water management and highway road safety. However, near-term performance is heavily pressured by cyclical agricultural headwinds, including lower commodity prices, high interest rates in key markets like Brazil, and softer domestic equipment demand. While the company's long-term drivers—such as the center-pivot replacement cycle, international food security projects (e.g., the $80 million MENA contract), and high-margin AgTech recurring revenue—remain intact, the recent Q2 fiscal 2026 earnings miss and an ongoing securities investigation create near-term overhangs. Trading at a reasonable valuation relative to historical averages but facing volatile revenue trends, a 'Hold' rating is warranted until clear signs of demand recovery emerge. This section is the 12-month view: analyst targets and the probability-weighted scenarios built from them. The intrinsic value at the top of this page answers a different question: what the business is worth today. Street view · analyst 12-month targets Low · most bearish analyst$121.00 Mean target$135.50 High · most bullish analyst$150.00 Street targets sit above today's price; our intrinsic value sits below it. Different horizons, different questions. Our research · scenarios, merits, risks, and invalidation triggersResearch as of 18 Sep 2026 Scenarios · 12-month scenario targets Bear CaseDownside scenario Prolonged high interest rates and trade uncertainties further depress global farm net income, leading to deeper cuts in irrigation equipment spending. The infrastructure segment faces continued delays in large-scale road safety projects, and the ongoing securities investigation escalates into costly litigation, damaging corporate reputation. Base CaseCentral scenario The agricultural cycle remains soft through fiscal 2026, with domestic irrigation demand stabilizing at lower levels and international projects (MENA region) offsetting some weakness. Infrastructure revenue recovers gradually as project timing normalizes. Operating margins stabilize around 10-12% as cost-optimization efforts take effect. Scenarios are anchored to street consensus at the research date, with our probabilities and rationale. Key Investment Merits
Key Investment Risks
Thesis Invalidation Triggers
All scenarios are estimates and subject to change. Past performance is not indicative of future results. Quality Pillars MembersThis section is available to registered members. Create a free account or sign in to unlock the full breakdown. Explore this dossierValuationIntrinsic value, the six-method breakdown, peer medians, and your assumptions sandbox.Financial SnapshotRevenue, profitability, returns, balance sheet, dividends, and the filing-level detail.Qualitative AnalysisBusiness overview, strategic initiatives, and mergers, acquisitions & partnerships.Outlook & Key DatesForward estimates, reporting calendar, and the monitoring framework. |