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 $522.3M — 2.1× the size. Wabash National Corporation has negative trailing earnings, so its P/E is not meaningful; Lindsay Corporation trades at 20.5×. Lindsay Corporation grew revenue faster over the last twelve months: −7.37% against −17.3%. Lindsay Corporation has the higher net margin (8.79% vs −5.48%) and the higher return on invested capital (8.50% vs −6.81%). Both pay a dividend; Wabash National Corporation yields more (2.58% vs 1.39%). Across the 21 metrics below, Lindsay Corporation leads on 16 and Wabash National Corporation on 5.

Valuation

Metric LNN WNC Farm & Heavy Construction Machinery median
P/E 20.49 n/m 23.28
P/S 1.76 0.36 0.75
P/B 2.22 1.74 1.43
Price to free cash flow 24.62 85.61 22.25
EV/EBITDA 12.59 n/m 11.41
EV/Sales 1.70 0.67 1.14
Earnings yield 4.88% (15.46%) 2.83%
Free cash flow yield 4.06% 1.17% 2.91%

Profitability

Metric LNN WNC Farm & Heavy Construction Machinery median
Gross margin 29.46% 1.00% 24.21%
Operating margin 9.95% (5.62%) 4.47%
Net margin 8.79% (5.48%) 1.49%
Free cash flow margin 7.15% 0.42% 2.15%
Return on equity 10.74% (22.97%) 3.99%
Return on assets 6.64% (5.96%) 1.31%
Return on invested capital 8.50% (6.81%) 3.36%

Growth

Metric LNN WNC Farm & Heavy Construction Machinery median
Revenue growth (TTM) (7.37%) (17.26%) 2.18%
EPS growth (last fiscal year) 12.81% 179.22% (27.79%)
Revenue growth, 5-year CAGR 7.34% 0.81% 7.34%
Net income growth, 5-year CAGR 13.90% 0.00% 0.00%

Health

Metric LNN WNC Farm & Heavy Construction Machinery median
Debt to equity 0.23 1.75 0.67
Current ratio 2.93 1.31 1.98
Net debt to EBITDA (1.24) 1.12 1.12

Dividend

Metric LNN WNC Farm & Heavy Construction Machinery median
Dividend yield 1.39% 2.58% 1.34%
Payout ratio 0.29 — 0.30

Size

Metric LNN WNC Farm & Heavy Construction Machinery median
Market cap 1.12b 522.25m 808.87m

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