Why is Lindsay Corp. ?
1
Company has a low Debt to Equity ratio (avg) at times
2
Flat results in May 25
- RAW MATERIAL COST(Y) Grown by 5.43% (YoY)
3
With ROE of 14.88%, it has a fair valuation with a 4.97 Price to Book Value
- The stock is trading at a fair value compared to its peers' average historical valuations
- Over the past year, while the stock has generated a return of -5.91%, its profits have risen by 11% ; the PEG ratio of the company is 2.6
4
Consistent Underperformance against the benchmark over the last 3 years
- Along with generating -5.91% returns in the last 1 year, the stock has also underperformed S&P 500 in each of the last 3 annual periods
How much should you hold?
- Overall Portfolio exposure to Lindsay Corp. should be less than 10%
- Overall Portfolio exposure to Automobiles should be less than 30%
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Automobiles)
When to exit? - We will constantly monitor the company and suggest at the appropriate time to exit from the stock
Is Lindsay Corp. for you?
Low Risk, Low Return
Absolute
Risk Adjusted
Volatility
Lindsay Corp.
-15.34%
0.31
26.57%
S&P 500
21.51%
0.70
20.15%
Quality key factors
Factor
Value
Sales Growth (5y)
7.05%
EBIT Growth (5y)
12.45%
EBIT to Interest (avg)
24.70
Debt to EBITDA (avg)
Net Debt is too low
Net Debt to Equity (avg)
-0.17
Sales to Capital Employed (avg)
1.06
Tax Ratio
20.98%
Dividend Payout Ratio
21.38%
Pledged Shares
0
Institutional Holding
100.00%
ROCE (avg)
20.92%
ROE (avg)
15.02%
Valuation Key Factors 
Factor
Value
P/E Ratio
30
Industry P/E
Price to Book Value
4.21
EV to EBIT
24.20
EV to EBITDA
19.53
EV to Capital Employed
4.80
EV to Sales
3.16
PEG Ratio
3.84
Dividend Yield
0.74%
ROCE (Latest)
19.84%
ROE (Latest)
14.17%
Technical key factors
Indicator
Weekly
Monthly
MACD
Bearish
Bearish
RSI
No Signal
Bullish
Bollinger Bands
Mildly Bearish
Bearish
Moving Averages
Bearish (Daily)
KST
Bearish
Bearish
Dow Theory
Mildly Bearish
Mildly Bearish
OBV
No Trend
Mildly Bearish
Technical Movement
5What is working for the Company
INVENTORY TURNOVER RATIO(HY)
Highest at 2.99 times
DIVIDEND PER SHARE(HY)
Highest at USD 4.35
DIVIDEND PAYOUT RATIO(Y)
Highest at 24.19%
-11What is not working for the Company
NET PROFIT(HY)
At USD 27.87 MM has Grown at -39.52%
OPERATING CASH FLOW(Y)
Lowest at USD 94.66 MM
ROCE(HY)
Lowest at 10.74%
RAW MATERIAL COST(Y)
Grown by 6.17% (YoY
DEBT-EQUITY RATIO
(HY)
Highest at -3.39 %
Here's what is working for Lindsay Corp.
Inventory Turnover Ratio
Highest at 2.99 times and Grown
In each half year in the last five Semi-Annual periodsMOJO Watch
Company has been able to sell its inventory faster
Inventory Turnover Ratio
Dividend per share
Highest at USD 4.35 and Grown
In each year in the last five yearsMOJO Watch
Company is distributing higher dividend from profits generated
DPS (USD)
Dividend Payout Ratio
Highest at 24.19%
in the last five yearsMOJO Watch
Company is distributing higher proportion of profits generated as dividend
DPR (%)
Depreciation
Highest at USD 5.88 MM
in the last five periodsMOJO Watch
The expenditure on assets done by the company may have gone into operation
Depreciation (USD MM)
Here's what is not working for Lindsay Corp.
Net Profit
At USD 27.87 MM has Grown at -39.52%
Year on Year (YoY)MOJO Watch
Near term Net Profit trend is very negative
Net Profit (USD MM)
Operating Cash Flow
Lowest at USD 94.66 MM
in the last three yearsMOJO Watch
The company's cash revenues from business operations are falling
Operating Cash Flows (USD MM)
Debt-Equity Ratio
Highest at -3.39 %
in the last five Semi-Annual periodsMOJO Watch
The company is borrowing more to fund its operations; it's liquidity situation may be stressed
Debt-Equity Ratio
Raw Material Cost
Grown by 6.17% (YoY)
MOJO Watch
The company's ability to pass on the cost of raw materials to customers has deteriorated; this may lead to a fall in profit margin
Raw Material Cost as a percentage of Sales






