LINDSAY AUSTRALIA LIMITED (LAU)
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LAU

LAU - LINDSAY AUSTRALIA LIMITED

FNArena Sector : Transportation & Logistics
Year End: June
GICS Industry Group : Transportation
Debt/EBITDA: 2.35
Index: ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.72

07 Mar
2025

0.105

OPEN

$0.62

17.07%

HIGH

$0.72

1,196,336

LOW

$0.62

TARGET
$0.94 30.6% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
ACE . AIZ . AQZ . AVD . AZJ . BXB . CLX . ERD . KLS . KSC . NTD . QAN . QUB . SLH . SPZ . SST . THL . WTC . Z2U .
FNARENA'S MARKET CONSENSUS FORECASTS
LAU: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 8.8 7.5 xxx
DPS (cps) xxx 4.9 4.4 xxx
EPS Growth xxx - 23.2% - 14.3% xxx
DPS Growth xxx 0.0% - 9.5% xxx
PE Ratio xxx N/A 9.6 xxx
Dividend Yield xxx N/A 6.2% xxx
Div Pay Ratio(%) xxx 56.0% 59.1% xxx

Dividend yield today if purchased 3 years ago: 12.25%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 6.81

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 27/09 - ex-div 2.8c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx8.8
DPS All xxxxxxxxxxxxxxx4.9
Sales/Revenue xxxxxxxxxxxxxxx804.4 M
Book Value Per Share xxxxxxxxxxxxxxx47.8
Net Operating Cash Flow xxxxxxxxxxxxxxx102.7 M
Net Profit Margin xxxxxxxxxxxxxxx3.39 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx19.71 %
Return on Invested Capital xxxxxxxxxxxxxxx8.70 %
Return on Assets xxxxxxxxxxxxxxx5.16 %
Return on Equity xxxxxxxxxxxxxxx19.71 %
Return on Total Capital xxxxxxxxxxxxxxx13.08 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx68.3 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx85 M
Long Term Debt xxxxxxxxxxxxxxx162 M
Total Debt xxxxxxxxxxxxxxx247 M
Goodwill - Gross xxxxxxxxxxxxxxx20 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx46 M
Price To Book Value xxxxxxxxxxxxxxx1.84

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx20.6 M
Capex % of Sales xxxxxxxxxxxxxxx2.56 %
Cost of Goods Sold xxxxxxxxxxxxxxx700 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx55 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx0 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.7

No. Of Recommendations

3
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Shaw and Partners

xx/xx/xxxx

1

xxx, xxxx xxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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Morgans

24/02/2025

3

Downgrade to Hold from Add

$0.80

11.11%

Morgans notes Lindsay Australia's 1H25 result was weaker than expected, with underlying EBITDA missing its forecast by -7% largely due to a -115bps sequential fall in EBITDA margin in the transport business. Rural sales improved under difficult conditions, with cost and inventory management assisting a 13.3% increase in EBITDA to $4.8m.

The company didn't provide formal guidance for FY25 but expects ongoing challenges from industry capacity expansion, subdued demand, pricing pressures, and weather disruptions.

The broker has downgraded FY25-27 underlying EBITDA forecast by -15%, mainly on a downgrade in the transport division forecasts. Target price cut to $0.80 from $1.15, and rating downgraded to Hold from Add.

FORECAST
Morgans forecasts a full year FY25 dividend of 3.00 cents and EPS of 7.00 cents.
Morgans forecasts a full year FY26 dividend of 4.00 cents and EPS of 8.00 cents.

Ord Minnett

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Wilsons

26/02/2025

1

Overweight

$0.87

20.83%

Wilsons notes Lindsay Australia's 1H25 result was weak with EBITDA missing its forecast by -6% on several headwinds including pricing pressure, higher costs and reduced demand.

The company didn't provide full-year guidance but noted the outlook for the refrigerated transport sector remains challenging and the timeline for recovery remains uncertain.

The broker sees some near-term revenue opportunities from the acquisition of GJ Freight and expansion into Goulburn Valley.

The broker lowered group EBITDA forecasts across FY25-27 and cut the target price to $0.87 from $1.24 mainly on a reduction in target PE multiple to 8x from 10x. 

Overweight rating maintained.

FORECAST
Wilsons forecasts a full year FY25 dividend of 3.90 cents and EPS of 8.20 cents.
Wilsons forecasts a full year FY26 dividend of 4.60 cents and EPS of 10.50 cents.
Access Extra Coverage Research History >

LAU STOCK CHART

FNArena News on LAU

1
Weekly Ratings, Targets, Forecast Changes – 28-02-25

Mar 03 2025 - Weekly Reports
2
Australian Broker Call *Extra* Edition – Feb 26, 2025

Feb 26 2025 - Daily Market Reports
3
FNArena Corporate Results Monitor – 25-02-2025

Feb 25 2025 - Australia
4
Rudi’s View: Best Buys & Convictions For 2025

Jan 16 2025 - Rudi's View
5
Rudi’s View: Final Best Buys & Conviction Ideas

Dec 23 2024 - Rudi's View

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