Lindsay (LNN) Valuation Check After Securing $80 Million MENA Irrigation Supply Agreement

Lindsay (LNN) just landed an approximately $80 million supply agreement to deliver Zimmatic irrigation systems and FieldNET technology across the MENA region, with most of that revenue expected to hit the current fiscal year.

See our latest analysis for Lindsay.

The deal lands as Lindsay’s share price has climbed 11.2% over the past month but still sits below where long term holders might like, with a 1 year total shareholder return of minus 5.3%. This suggests sentiment is stabilizing rather than euphoric.

If this contract has you thinking about where else growth could surprise the market, it might be worth exploring fast growing stocks with high insider ownership as a fresh hunting ground.

Given the stock still trades at a meaningful discount to some intrinsic estimates despite solid revenue and earnings growth, investors now face a key question: is this a fresh buying opportunity, or is the market already pricing in future growth?

Most Popular Narrative: 3.7% Undervalued

With Lindsay last closing at $122.35 against a narrative fair value of $127, the story leans toward modest upside while hinging on a few key levers.

The ample liquidity and strong balance sheet, combined with capital allocation strategies, suggest potential for strategic investments or acquisitions that could enhance earnings and shareholder value over the long term.

Read the complete narrative.

Curious how steady, single digit growth and slightly richer future margins can still justify a premium earnings multiple for industrial hardware, not software? The most followed narrative quietly bakes in disciplined buybacks, expanding international projects and a valuation bridge that depends on earnings compounding faster than the share count. Want to see exactly how those moving parts add up to today’s fair value target?

Result: Fair Value of $127 (UNDERVALUED)

Have a read of the narrative in full and understand what's behind the forecasts.

However, stubborn weakness in North American irrigation and the unpredictable timing of big Road Zipper projects could quickly derail those carefully modeled growth assumptions.

Find out about the key risks to this Lindsay narrative.

Build Your Own Lindsay Narrative

If you see the numbers differently or would rather dig into the drivers yourself, you can spin up a custom view in minutes. Do it your way.

A good starting point is our analysis highlighting 3 key rewards investors are optimistic about regarding Lindsay.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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