Discounted Cash Flow

Lindsay Corp.

LNN · Based on 10 years of SEC filings

Average annual growth rates

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Average annual growth is the mean year-over-year change across each period.

Endpoint CAGR (better for long term trend)

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Endpoint CAGR is the compound annual rate from the first to last year in each period.

Projections use average year-over-year growth. Change this in Settings.

Projected growth rate

Free cash flow growth
10-year: — 5-year: — 3-year: —
Averaged growth (FCF & NI)
10-year: — 5-year: — 3-year: —
Net income growth
10-year: — 5-year: — 3-year: —
Sales growth (not added to calculations)
10-year: — 5-year: — 3-year: —

Click a greyed-out slider to switch metrics. Slide between the 10-year, 5-year, and 3-year historic growth rates for FCF, net income, or their average.

%
%

Historical inputs (10 fiscal years)

YEAR Sales Net Income Free Cash Flow Net Margin EPS (diluted)
2016 $516.4m $20.3m $21.6m 3.9% $1.86
2017 $518.0m (0.3%) $23.2m (14.4%) $30.6m (41.8%) 4.5% (14.0%) $2.17 (16.7%)
2018 $547.7m (5.7%) $20.3m (-12.5%) $22.9m (-25.2%) 3.7% (-17.3%) $1.89 (-12.9%)
2019 $436.3m (-20.3%) $2.2m (-89.3%) $-19.4m (-184.9%) 0.5% (-86.6%) $0.20 (-89.4%)
2020 $463.2m (6.2%) $38.6m (1678.5%) $24.6m (226.7%) 8.3% (1575.3%) $3.57 (1685.0%)
2021 $551.3m (19.0%) $42.6m (10.2%) $17.5m (-29.0%) 7.7% (-7.4%) $3.91 (9.5%)
2022 $760.3m (37.9%) $65.5m (53.8%) $-12.5m (-171.9%) 8.6% (11.5%) $5.97 (52.7%)
2023 $661.9m (-12.9%) $72.4m (10.6%) $100.9m (904.4%) 10.9% (27.0%) $6.58 (10.2%)
2024 $584.3m (-11.7%) $66.3m (-8.5%) $66.8m (-33.8%) 11.3% (3.7%) $6.04 (-8.2%)
2025 $659.1m (12.8%) $74.1m (11.8%) $90.4m (35.4%) 11.2% (-0.9%) $6.82 (12.9%)

Base FCF: (latest fiscal year)

Discount rate: %

Terminal growth:

Projection period: years

Alt A decline yrs:

Alt B total yrs:

Projected cash flows

Year Projected cash flow Discount Factor Present Value

PV of projected FCF:

Terminal FCF:

Terminal value:

PV of terminal value:

Enterprise value (DCF):

DCF price per share:

Current price:

Alternative DCF Models

Model Fair Value Upside PV(FCFs) PV(Terminal) Total Years
Standard (10yr→TV) 10 + TV
Alt A (Gradual Decline)
Alt B (30yr Hard Stop) N/A

This is a simplified DCF model for illustration. It uses reported free cash flow, a single growth assumption, fixed WACC, and a Gordon Growth terminal value. It is not investment advice.

+ 10YR Financials Balance Sheet (10YR) Cash Flow (10YR) DCF Model