Lindsay Corporation
LNN · Industrials · FY2025 filings · Narrow moat
On the watchlist
The four filters
Pricing power44
Median gross margin 28.4% over 10y, stable.
Returns on capital68
Median ROIC 14.3%, above the 9% hurdle in 80% of years.
Balance-sheet safety100
Net cash position — no leverage risk.
Capital discipline77
Owner earnings +12.5%/yr, share count growing (dilution).
Margin of safety
Above valueOn sale
- Owner earnings (normalized)
- $70.1M
- Est. intrinsic value / share
- —
- Recent price
- $116.40
- Discount to value
- No price data
Conservative model: 9% discount rate, 4% assumed growth (capped at 4%), maintenance capex ≈ min(capex, D&A).
Moat Score history
Score history begins 2026-07-17. Check back as the record builds.
Scores are logged append-only and never overwritten — this record can't be backfilled, which is exactly why it's worth keeping.