Lindsay Corp. (LNN) intrinsic value & 10-year financials
Lindsay Corp. (LNN) has a Graham intrinsic value of $225.20 per share. At $107.36 on Oct 17, 2026, the stock trades 52% below that value. Over the last 10 fiscal years revenue grew 2.8% a year to $659.1M, with an average return on invested capital of 12.6%.
- Graham intrinsic value
- $225.20
- Share price (Oct 17, 2026)
- $107.36
- Price vs Graham value
- 52% below
- Market cap
- $1.2B
- Revenue (FY2025)
- $659.1M
- Revenue growth (10-yr CAGR)
- 2.8%
- ROIC (10-yr avg)
- 12.6%
- Free cash flow (FY2025)
- $90.4M
LNN 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $659.1M | $74.1M | $6.78 | $90.4M | 13.4% | 16.5% |
| FY2024 | $584.3M | $66.3M | $6.01 | $66.8M | 13.1% | 15.1% |
| FY2023 | $661.9M | $72.4M | $6.54 | $100.9M | 15.4% | 17.3% |
| FY2022 | $760.3M | $65.5M | $5.94 | -$12.5M | 12.4% | 18.3% |
| FY2021 | $551.3M | $42.6M | $3.88 | $17.5M | 9.8% | 13.8% |
| FY2020 | $463.2M | $38.6M | $3.56 | $24.6M | 11.7% | 14.9% |
| FY2019 | $436.3M | $2.2M | $0.20 | -$19.4M | 1.4% | 2.5% |
| FY2018 | $547.7M | $20.3M | $1.88 | $22.9M | 7.0% | 9.3% |
| FY2017 | $518.0M | $23.2M | $2.17 | $30.6M | 7.8% | 9.8% |
| FY2016 | $516.4M | $20.3M | $1.85 | $21.6M | 6.7% | 8.9% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
LINDSAY CORP has demonstrated mature, steady growth, with revenue compounding at 2.7% annually over the past decade.
LINDSAY CORP returns on capital have been average, hovering around 12.6% ROIC over the decade.
LINDSAY CORP has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, LINDSAY CORP is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $225.20 per share.