Lindsay Corporation (LNN) vs Wabash National Corporation (WNC)

Lindsay Corporation and Wabash National Corporation are both Farm & Heavy Construction Machinery companies. Lindsay Corporation is the larger, with a market value of $1.1B against $452.6M — 2.4× the size. Wabash National Corporation has negative trailing earnings, so its P/E is not meaningful; Lindsay Corporation trades at 20.0×. Lindsay Corporation grew revenue faster over the last twelve months: −5.99% against −7.31%. Lindsay Corporation has the higher net margin (8.75% vs −9.13%) and the higher return on invested capital (9.71% vs −13.3%). Both pay a dividend; Wabash National Corporation yields more (2.86% vs 1.39%). Across the 20 metrics below, Lindsay Corporation leads on 15 and Wabash National Corporation on 5.

Valuation

Metric LNN WNC Farm & Heavy Construction Machinery median
P/E 19.99 n/m 21.67
P/S 1.75 0.30 0.77
P/B 2.20 1.69 1.31
Price to free cash flow 32.00 n/m 20.59
EV/EBITDA 11.53 n/m 11.30
EV/Sales 1.63 0.61 1.11
Earnings yield 5.00% (30.33%) 3.08%
Free cash flow yield 3.12% (21.12%) 3.12%

Profitability

Metric LNN WNC Farm & Heavy Construction Machinery median
Gross margin 28.90% 0.88% 22.91%
Operating margin 10.53% (10.38%) 4.47%
Net margin 8.75% (9.13%) 1.41%
Free cash flow margin 5.46% (6.39%) 2.26%
Return on equity 10.72% (40.21%) 3.99%
Return on assets 6.72% (10.73%) 1.31%
Return on invested capital 9.71% (13.28%) 4.09%

Growth

Metric LNN WNC Farm & Heavy Construction Machinery median
Revenue growth (TTM) (5.99%) (7.31%) 1.81%
EPS growth (last fiscal year) (21.39%) 179.22% (27.79%)
Revenue growth, 5-year CAGR 2.30% 0.81% 6.63%
Net income growth, 5-year CAGR 5.50% 0.00% 0.00%

Health

Metric LNN WNC Farm & Heavy Construction Machinery median
Debt to equity 0.23 1.99 0.66
Current ratio 3.15 1.38 1.98
Net debt to EBITDA (0.83) 1.12 1.12

Dividend

Metric LNN WNC Farm & Heavy Construction Machinery median
Dividend yield 1.39% 2.86% 1.24%
Payout ratio 0.28 — 0.31

Size

Metric LNN WNC Farm & Heavy Construction Machinery median
Market cap 1.09b 452.60m 836.63m

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