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Highlights

  • Lindsay Australia achieved an 18.9% YoY revenue growth in FY24, reaching AUD 804.37 million.
  • In FY24, LAU’s EBITDA jumped 5.5% YoY to AUD 106.90 million, however, net profit after tax declined by 21% to AUD 27.27 million.
  • The company outperformed the industry with a gross margin of 75.5% in FY24, far exceeding the industry median of 39.8%.

Lindsay Australia Limited (ASX:LAU) is an ASX-listed company that is engaged in integrated transport, logistics, and rural supply services. For the financial year ending 30 June 2024 (FY24), LAU achieved revenue growth of 18.9% YoY to AUD 804.37 million, driven by higher sales in freight services and goods. During the reported period, earnings before interest, taxes, depreciation, and amortization (EBITDA) increased by 5.5% YoY to AUD 106.90 million.

However, reported net profit after tax declined by 21% YoY in FY24 to AUD 27.27 million. This marks a decrease in net profit from AUD 34.52 million in FY23. The company faces pressure from a reduced net margin of 3.3% in FY24, compared to 5.1% in FY23.

LAU continues to outperform the industry with a gross margin of 75.5% in FY24, compared to the median of 39.8%. Its asset turnover ratio of 1.57x also far exceeds the industry average of 0.52x.

Visitor and Trade Trends Indicate Positive Growth

According to data released by the Australian Bureau of Statistics (ABS), Australia witnessed a 2.3% YoY increase in short-term visitor arrivals in November 2024, totalling 679,280. Meanwhile, short-term resident returns surged by 11.2% YoY to 912,430 during the same period. Total arrivals for November stood at 1,669,120, a 6.8% rise YoY, while total departures reached 1,776,340, up 11.6%.

Notably, New Zealand emerged as the largest source of visitor arrivals, constituting 17% of all incoming travellers. These trends underscore promising prospects for logistics and freight services provider.

Share performance of LAU

LAU shares closed 1.14% lower at AUD 0.87 per share on 20 January 2025. Over the past year, LAU’s share price has dropped by almost 18.31%, and in the past three months, it has decreased by nearly 3.33%.

52-week high of LAU is AUD 1.20, recorded on 12 March 2024 and 52-week low is AUD 0.815, recorded on 8 November 2024.

Note 1: Past performance is neither an Indicator nor a guarantee of future performance.

Note 2: The reference date for all price data, and currency, is 20 January 2025. The reference data in this report has been partly sourced from EODHD/Others.