Lsi Industries Inc
LYTS
Electric Lighting & Wiring Equipment
Mkt Cap
$369MPE
13.40Debt
$32.24MCash
$3.533MEV
$397.7MFCF
$45.43MP/E Ratio
13.40Debt
$32.24MCash
$3.533MEV
$397.7MFCF
$45.43MLSI Industries Inc. produces and sells non-residential lighting and retail display solutions in the United States, Canada, Mexico, and Latin America. It operates through two segments, Lighting and Display Solutions. The Lighting segment manufactures, markets, and sells non-residential outdoor and indoor lighting fixture and control solutions in the commercial and industrial markets. This segment also offers lighting control products, including sensors, photocontrols, dimmers, motion detection, and Bluetooth systems to support lighting fixtures; and designs, engineers, and manufactures electronic circuit boards, assemblies, and sub-assemblies. The Display Solutions segment manufactures, sells, and installs exterior and interior visual image and display elements, including printed and structural graphics, digital signage, menu board systems, display fixtures, refrigerated displays, and custom display elements. This segments products and services include signage and canopy graphics, pump dispenser graphics, building fascia graphics, decals, interior signage and marketing graphics, aisle markers, wall mural graphics, and refrigerated and non-refrigerated merchandising displays. This segment also provides project management services comprising installation management, site surveys, permitting, and content management; and manages and executes the implementation of large rollout programs. It serves refueling and convenience store, parking lot and garage, quick-service restaurant, retail and grocery store, automotive, warehouse, sports court, and field markets, as well as warehouses. LSI Industries Inc. was founded in 1976 and is headquartered in Cincinnati, Ohio.
DCF
Discounted Cash Flow Valuation of Lsi Industries Inc
Value
Growth
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Discount
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Multiple
| g\r | +10% | +11% | +12% | +13% | +14% |
|---|---|---|---|---|---|
| 0% | 10 | 9 | 8 | 8 | 7 |
| +1% | 11 | 10 | 9 | 8 | 8 |
| +2% | 13 | 11 | 10 | 9 | 8 |
| +3% | 14 | 13 | 11 | 10 | 9 |
| +4% | 17 | 14 | 12 | 11 | 10 |
| Years | 0 | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | TV |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FCF | $45.43M | $52.73M | $60.54M | $68.78M | $77.29M | $85.9M | $94.42M | $102.6M | $110.3M | $117.1M | $123M | $1.23B |
| DCF | $45.85M | $45.78M | $45.22M | $44.19M | $42.71M | $40.82M | $38.58M | $36.05M | $33.3M | $30.4M | $304M | |
| Value | $706.9M | |||||||||||
In the chart Earnings are multiplied by this value.
Earnings Growth 19%
Earnings Stability 24%
Competitiveness and MOAT
High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.
| Years | 06-2015 | 06-2016 | 06-2017 | 06-2018 | 06-2019 | 06-2020 | 06-2021 | 06-2022 | 06-2023 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Margin | 1.7% | 2.9% | 0.91% | -5.7% | -5% | 3.1% | 1.9% | 3.3% | 5.2% | 5.6% |
| ROA | 4.1% | 7.2% | 1.4% | -9.4% | -9.9% | 7.6% | 2.9% | 6.8% | 13% | 13% |
| ROE | 3.6% | 6.1% | 1.9% | -14% | -14% | 7.6% | 4.5% | 10% | 15% | 15% |
What is the average Net Margin?
The average Net Margin over the past 5 years is +0.47%.
What is the trend of Net Margin?
The trend of Net Margin over the past 5 years is +2.23%.
What is the average Return on Assets (ROA)?
The average ROA over the past 5 years is +1.74%.
What is the trend of Return on Assets (ROA)?
The trend of ROA over the past 5 years is +4.43%.
What is the average Return on Equity (ROE)?
The average ROE over the past 5 years is +1.52%.
What is the trend of Return on Equity (ROE)?
The trend of ROE over the past 5 years is +6.03%.
Safety & Stabiliy
Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.
| Years | 06-2015 | 06-2016 | 06-2017 | 06-2018 | 06-2019 | 06-2020 | 06-2021 | 06-2022 | 06-2023 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Debt FCF | - | - | 3.40 | 5.60 | 4.46 | 0.00 | 2.65 | -13.90 | 0.84 | 0.71 |
| Debt Equity | - | - | 0.31 | 0.33 | 0.33 | 0.00 | 0.52 | 0.56 | 0.22 | 0.17 |
| MIN | ||||||||||
| Graham Stability | - | - | 58% | -330% | - | - | - | - | 100% | -330% |
What is the Debt/FCF?
The Debt/FCF trailing twelve month is 0.71.
What is the trend of Debt/FCF?
The trend of Debt/FCF over the past 5 years is -2.18.
What is the Graham’s Stability?
Graham’s Stability measure stands at -3.32.
Growth
Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.
| Years | 06-2016 | 06-2018 | 06-2020 | 06-2022 | Trend |
|---|---|---|---|---|---|
| Revenue | 6.4% | 7.8% | 18% | 9.2% | 2.2% |
| Net Income | 15% | - | 39% | 71% | -22% |
| Stockholders Equity | 1.9% | 5% | 12% | 20% | 1.7% |
| FCF | 30% | 42% | 20% | - | -1.8% |
What is the 5 year Revenue CAGR?
The Revenue CAGR over the past 5 years is +7.76%.
What is the trend of Revenue growth?
The trend of Revenue growth rate over the past 5 years is +2.25%.
What is the 5 year Earnings CAGR?
The Earnings CAGR over the past 5 years is -.
What is the trend of Earnings growth?
The trend of Earnings growth rate over the past 5 years is -21.63%.
What is the 5 year Equity CAGR?
The Equity CAGR over the past 5 years is +4.98%.
What is the trend of Equity growth?
The trend of Equity growth rate over the past 5 years is +1.66%.
What is the 5 year FCF CAGR?
The FCF CAGR over the past 5 years is +41.79%.
What is the trend of FCF growth?
The trend of FCF growth rate over the past 5 years is -1.82%.