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LSI Industries

Nasdaq:LYTS
Snowflake Description

Excellent balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
LYTS
Nasdaq
$137M
Market Cap
  1. Home
  2. US
  3. Capital Goods
Company description

LSI Industries Inc. provides corporate visual image solutions in the United States, Canada, Mexico, Australia, and Latin America. The last earnings update was 8 days ago. More info.


Add to Portfolio Compare Print
  • LSI Industries has significant price volatility in the past 3 months.
LYTS Share Price and Events
7 Day Returns
-3.3%
NasdaqGS:LYTS
0.9%
US Electrical
0.2%
US Market
1 Year Returns
22.1%
NasdaqGS:LYTS
12.8%
US Electrical
12.2%
US Market
LYTS Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
LSI Industries (LYTS) -3.3% 1% 33.7% 22.1% -46% -24.2%
US Electrical 0.9% 9.2% 18.8% 12.8% 29.7% 30.1%
US Market 0.2% 3.5% 6.3% 12.2% 38.3% 44.1%
1 Year Return vs Industry and Market
  • LYTS outperformed the Electrical industry which returned 12.8% over the past year.
  • LYTS outperformed the Market in United States of America which returned 12.2% over the past year.
Price Volatility
LYTS
Industry
5yr Volatility vs Market

LYTS Value

 Is LSI Industries undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of LSI Industries to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for LSI Industries.

NasdaqGS:LYTS Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.4%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:LYTS
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Electrical Unlevered Beta Simply Wall St/ S&P Global 1.2
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.198 (1 + (1- 21%) (24.76%))
1.29
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.29
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.29 * 5.96%)
10.42%

Discounted Cash Flow Calculation for NasdaqGS:LYTS using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for LSI Industries is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

NasdaqGS:LYTS DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 10.42%)
2020 11.69 Est @ -2.7% 10.59
2021 11.56 Est @ -1.07% 9.48
2022 11.57 Est @ 0.07% 8.60
2023 11.67 Est @ 0.87% 7.85
2024 11.84 Est @ 1.43% 7.21
2025 12.05 Est @ 1.82% 6.65
2026 12.30 Est @ 2.09% 6.15
2027 12.59 Est @ 2.28% 5.70
2028 12.89 Est @ 2.42% 5.28
2029 13.21 Est @ 2.51% 4.91
Present value of next 10 years cash flows $72.00
NasdaqGS:LYTS DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $13.21 × (1 + 2.73%) ÷ (10.42% – 2.73%)
$176.61
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $176.61 ÷ (1 + 10.42%)10
$65.57
NasdaqGS:LYTS Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $72.00 + $65.57
$137.57
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $137.57 / 26.11
$5.27
NasdaqGS:LYTS Discount to Share Price
Calculation Result
Value per share (USD) From above. $5.27
Current discount Discount to share price of $5.24
= -1 x ($5.24 - $5.27) / $5.27
0.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price LSI Industries is available for.
Intrinsic value
1%
Share price is $5.24 vs Future cash flow value of $5.27
Current Discount Checks
For LSI Industries to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • LSI Industries's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • LSI Industries's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for LSI Industries's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are LSI Industries's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:LYTS PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in USD $-0.52
NasdaqGS:LYTS Share Price ** NasdaqGS (2019-11-15) in USD $5.24
United States of America Electrical Industry PE Ratio Median Figure of 31 Publicly-Listed Electrical Companies 17.55x
United States of America Market PE Ratio Median Figure of 2,921 Publicly-Listed Companies 18.1x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of LSI Industries.

NasdaqGS:LYTS PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:LYTS Share Price ÷ EPS (both in USD)

= 5.24 ÷ -0.52

-10.07x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • LSI Industries is loss making, we can't compare its value to the US Electrical industry average.
  • LSI Industries is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does LSI Industries's expected growth come at a high price?
Raw Data
NasdaqGS:LYTS PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -10.07x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
112.2%per year
United States of America Electrical Industry PEG Ratio Median Figure of 21 Publicly-Listed Electrical Companies 1.33x
United States of America Market PEG Ratio Median Figure of 2,037 Publicly-Listed Companies 1.45x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for LSI Industries, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on LSI Industries's assets?
Raw Data
NasdaqGS:LYTS PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in USD $4.73
NasdaqGS:LYTS Share Price * NasdaqGS (2019-11-15) in USD $5.24
United States of America Electrical Industry PB Ratio Median Figure of 59 Publicly-Listed Electrical Companies 1.54x
United States of America Market PB Ratio Median Figure of 5,081 Publicly-Listed Companies 1.74x
NasdaqGS:LYTS PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:LYTS Share Price ÷ Book Value per Share (both in USD)

= 5.24 ÷ 4.73

1.11x

* Primary Listing of LSI Industries.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • LSI Industries is good value based on assets compared to the US Electrical industry average.
X
Value checks
We assess LSI Industries's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Electrical industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Electrical industry average (and greater than 0)? (1 check)
  5. LSI Industries has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

LYTS Future Performance

 How is LSI Industries expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
112.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is LSI Industries expected to grow at an attractive rate?
  • LSI Industries's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • LSI Industries's earnings growth is expected to exceed the United States of America market average.
  • LSI Industries's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:LYTS Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:LYTS Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 112.2%
NasdaqGS:LYTS Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 3.3%
United States of America Electrical Industry Earnings Growth Rate Market Cap Weighted Average 10.3%
United States of America Electrical Industry Revenue Growth Rate Market Cap Weighted Average 3.2%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGS:LYTS Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:LYTS Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-06-30 352 9 1
2020-06-30 339 10 1
2019-11-15
NasdaqGS:LYTS Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-09-30 333 16 -14
2019-06-30 329 11 -16
2019-03-31 331 10 -20
2018-12-31 337 19 -16
2018-09-30 340 16 -2
2018-06-30 342 12 -20
2018-03-31 342 16 -16
2017-12-31 341 17 -17
2017-09-30 335 18 -13
2017-06-30 331 21 3
2017-03-31 329 15 4
2016-12-31 321 17 5

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • LSI Industries's earnings are expected to grow significantly at over 20% yearly.
  • LSI Industries's revenue is expected to grow by 3.3% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:LYTS Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from LSI Industries Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:LYTS Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-06-30 0.35 0.35 0.35 1.00
2020-06-30 0.38 0.38 0.38 1.00
2019-11-15
NasdaqGS:LYTS Past Financials Data
Date (Data in USD Millions) EPS *
2019-09-30 -0.52
2019-06-30 -0.63
2019-03-31 -0.76
2018-12-31 -0.63
2018-09-30 -0.08
2018-06-30 -0.76
2018-03-31 -0.63
2017-12-31 -0.66
2017-09-30 -0.53
2017-06-30 0.12
2017-03-31 0.15
2016-12-31 0.19

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if LSI Industries will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess LSI Industries's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
LSI Industries has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

LYTS Past Performance

  How has LSI Industries performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare LSI Industries's growth in the last year to its industry (Electrical).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • LSI Industries does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare LSI Industries's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare LSI Industries's 1-year growth to the US Electrical industry average as it is not currently profitable.
Earnings and Revenue History
LSI Industries's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from LSI Industries Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:LYTS Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 332.60 -13.61 68.74 5.27
2019-06-30 328.85 -16.34 67.20 5.27
2019-03-31 330.74 -19.87 68.34 5.95
2018-12-31 336.75 -16.48 70.08 5.95
2018-09-30 339.51 -2.16 71.61 5.95
2018-06-30 342.02 -19.54 73.80 5.95
2018-03-31 342.03 -16.18 79.48 1.58
2017-12-31 341.35 -16.93 77.29 3.03
2017-09-30 334.70 -13.46 73.87 4.30
2017-06-30 331.39 3.00 71.57 5.70
2017-03-31 328.82 3.73 68.96 5.47
2016-12-31 321.40 4.79 66.14 5.59
2016-09-30 320.43 6.56 66.11 5.64
2016-06-30 322.20 9.48 64.17 5.55
2016-03-31 317.43 9.70 62.26 5.39
2015-12-31 315.29 9.57 62.63 4.93
2015-09-30 315.32 7.37 62.29 5.06
2015-06-30 307.86 5.15 61.10 5.60
2015-03-31 305.64 2.71 59.32 6.57
2014-12-31 306.04 1.31 57.38 7.45
2014-09-30 297.44 0.59 53.62 8.12
2014-06-30 299.46 0.93 53.95 8.23
2014-03-31 294.44 2.54 52.61 7.67
2013-12-31 291.60 3.23 50.74 9.04
2013-09-30 286.56 -0.09 52.90 6.78
2013-06-30 280.79 -0.12 51.76 6.48
2013-03-31 283.15 0.57 51.51 6.23
2012-12-31 279.93 0.51 51.98 4.42

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if LSI Industries has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if LSI Industries has efficiently used its assets last year compared to the US Electrical industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if LSI Industries improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess LSI Industries's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Electrical industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
LSI Industries has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

LYTS Health

 How is LSI Industries's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up LSI Industries's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • LSI Industries is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • LSI Industries's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of LSI Industries's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 4.6x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from LSI Industries Company Filings, last reported 1 month ago.

NasdaqGS:LYTS Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 123.16 23.18 1.58
2019-06-30 119.94 39.54 0.97
2019-03-31 120.24 43.81 1.69
2018-12-31 124.33 48.37 9.56
2018-09-30 141.06 46.15 4.16
2018-06-30 139.25 45.36 3.18
2018-03-31 141.83 45.29 2.06
2017-12-31 142.33 52.15 3.18
2017-09-30 144.39 51.86 2.12
2017-06-30 160.08 49.70 3.04
2017-03-31 159.58 54.97 4.38
2016-12-31 157.82 0.00 33.02
2016-09-30 156.89 0.00 30.71
2016-06-30 155.52 0.00 33.84
2016-03-31 154.45 0.00 33.78
2015-12-31 153.30 0.00 28.76
2015-09-30 149.08 0.00 28.39
2015-06-30 142.95 0.00 26.41
2015-03-31 141.44 0.00 27.97
2014-12-31 140.88 0.00 18.05
2014-09-30 138.57 0.00 8.75
2014-06-30 138.41 0.00 9.01
2014-03-31 140.43 0.00 10.42
2013-12-31 142.51 0.00 10.94
2013-09-30 142.80 0.00 9.36
2013-06-30 141.69 0.00 7.95
2013-03-31 142.05 0.00 13.85
2012-12-31 142.18 0.00 14.50
  • LSI Industries's level of debt (18.8%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if LSI Industries's debt level has increased without past 5-year debt data.
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Whilst loss making LSI Industries has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making LSI Industries has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -9.4% per year.
X
Financial health checks
We assess LSI Industries's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. LSI Industries has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

LYTS Dividends

 What is LSI Industries's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.82%
Current annual income from LSI Industries dividends.
If you bought $2,000 of LSI Industries shares you are expected to receive $76 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • LSI Industries's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.43%).
  • LSI Industries's dividend is above the markets top 25% of dividend payers in United States of America (3.65%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGS:LYTS Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
United States of America Electrical Industry Average Dividend Yield Market Cap Weighted Average of 19 Stocks 2.2%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1950 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:LYTS Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-06-30
2020-06-30
2019-11-15
NasdaqGS:LYTS Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-11-07 0.200 3.684
2019-11-06 0.200 3.607
2019-08-22 0.200 4.089
2019-05-08 0.200 5.338
2019-04-25 0.200 5.847
2019-02-06 0.200 6.614
2019-01-23 0.200 6.202
2018-11-07 0.200 5.150
2018-11-06 0.200 4.348
2018-09-11 0.200 4.478
2018-08-16 0.200 3.846
2018-05-08 0.200 3.806
2018-04-26 0.200 3.405
2018-01-25 0.200 2.565
2017-11-06 0.200 2.905
2017-10-26 0.200 2.987
2017-09-08 0.200 3.061
2017-08-17 0.200 3.533
2017-05-08 0.200 2.434
2017-04-27 0.200 2.231
2017-02-03 0.200 2.051
2017-01-27 0.200 2.060
2017-01-26 0.200 2.006
2016-11-04 0.200 2.099
2016-10-27 0.200 2.341
2016-09-07 0.200 1.932
2016-08-18 0.200 1.998
2015-09-08 0.090 0.823
2015-08-20 0.090 0.978
2014-11-10 0.040 0.497
2014-08-21 0.240 3.656
2014-04-24 0.240 3.182
2014-01-23 0.240 2.911
2013-10-24 0.240 2.746
2013-08-22 0.240 2.947
2013-05-03 0.240 3.037
2013-04-29 0.240 3.407
2013-02-04 0.240 3.394
2013-01-25 0.240 3.357
2012-10-25 0.240 3.479
2012-08-16 0.240 3.571
2012-04-26 0.240 3.620
2012-01-26 0.240 3.397
2011-10-27 0.240 3.773
2011-08-18 0.240 3.602
2011-04-28 0.200 2.569
2011-01-27 0.200 2.667
2010-10-29 0.200 2.309
2010-10-21 0.200 2.271
2010-08-19 0.200 3.434
2010-04-22 0.200 3.496
2010-01-21 0.200 3.087
2009-10-22 0.200 2.640
2009-08-20 0.200 2.784
2009-04-23 0.200 3.691
2009-01-22 0.200 4.171

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • No dividend growth in 10 years.
Current Payout to shareholders
What portion of LSI Industries's earnings are paid to the shareholders as a dividend.
  • The company is paying a dividend however it is incurring a loss.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess LSI Industries's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can LSI Industries afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. LSI Industries has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

LYTS Management

 What is the CEO of LSI Industries's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
James Clark
COMPENSATION $1,459,350
TENURE AS CEO 1 years
CEO Bio

Mr. James A. Clark, also known as Jim, has been the President and Chief Executive Officer of LSI Industries Inc. since November 1, 2018 and also has been its Director since January 23, 2019. Mr. Clark served as President at Alliance Tire Americas, Inc. from 2014 to 2018. Mr. Clark served as Managing Director of Dunes Point Capital, LLC. Mr. Clark joined Dunes Point Capital on January 1, 2013, and has 25 years of experience as a senior operating executive in global manufacturing and product services companies. Prior to joining Dunes Point Capital, he served as Vice President of Strategy and Corporate Development at Rexel Holdings USA Corp., where he was responsible for the strategic planning and M&A activities for REXEL’s $2.5 billion U.S. operations. Prior to joining REXEL, Mr. Clark served in several senior executive positions with United Technologies Corporation, including President of ESP Group, acting Managing Director for Chubb Security Services, and Vice President of Global Marketing & Strategy for the Fire and Security division. He also held senior executive positions with Verint Systems, GE Security, and GE’s Industrial Systems Group. Mr. Clark served on the Board of Directors for the Security Industry Association, the Open Standards Organization and the board of American Cabling and Communications. Mr. Clark received a BA in Business from The State University of New York – Regents and participated in postgraduate study programs at Northwestern University (Kellogg School of Business) and the University of Virginia (Darden School of Business).

CEO Compensation
  • Insufficient data for James to compare compensation growth.
  • James's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the LSI Industries management team in years:

1.3
Average Tenure
60
Average Age
  • The average tenure for the LSI Industries management team is less than 2 years, this suggests a new team.
Management Team

James Clark

TITLE
CEO, President & Director
COMPENSATION
$1M
TENURE
1 yrs

Jim Galeese

TITLE
CFO & Executive VP
COMPENSATION
$685K
AGE
62
TENURE
2.4 yrs

Mike Beck

TITLE
Senior Vice President of Operations
COMPENSATION
$258K
AGE
62
TENURE
0.8 yrs

Jeff Bastian

TITLE
VP & Chief Accounting Officer
COMPENSATION
$284K
AGE
59
TENURE
2.4 yrs

Steven Brunker

TITLE
Chief Information Officer
AGE
59
TENURE
18.9 yrs

Tom Caneris

TITLE
Senior VP of Human Resources
AGE
56
TENURE
0.3 yrs

Scott Coleman

TITLE
Chief Marketing Officer
TENURE
0.8 yrs

John Bagwell

TITLE
Senior Vice President of Product Development & Management
TENURE
1.3 yrs

Sylvia Astrop

TITLE
Senior Vice President of Global Sourcing
AGE
61
TENURE
1.3 yrs

Jeff Ginder

TITLE
Executive Vice President of Lighting Sales
TENURE
4.3 yrs
Board of Directors Tenure

Average tenure and age of the LSI Industries board of directors in years:

1
Average Tenure
65
Average Age
  • The average tenure for the LSI Industries board of directors is less than 3 years, this suggests a new board.
Board of Directors

Bill O'Gara

TITLE
Chairman
COMPENSATION
$171K
AGE
62
TENURE
1.3 yrs

James Clark

TITLE
CEO, President & Director
COMPENSATION
$1M
TENURE
0.8 yrs

Bob Beech

TITLE
Independent Director
COMPENSATION
$134K
AGE
66
TENURE
6.3 yrs

John Morgan

TITLE
Independent Director
COMPENSATION
$136K
AGE
65
TENURE
3.6 yrs

Amy Hanson

TITLE
Independent Director
COMPENSATION
$69K
AGE
63
TENURE
0.8 yrs

Ron Brown

TITLE
Independent Director
COMPENSATION
$833K
AGE
66
TENURE
0.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
25. Jun 19 Buy Accretive Capital Partners, LLC Company 24. Apr 19 24. Jun 19 201,120 $3.68 $0
25. Jun 19 Buy Richard Fearon Individual 03. May 19 03. May 19 1 $3.50 $4
12. Jun 19 Buy James Clark Individual 11. Jun 19 11. Jun 19 2,720 $3.67 $9,969
21. Feb 19 Buy John Morgan Individual 20. Feb 19 20. Feb 19 10,000 $3.27 $32,700
X
Management checks
We assess LSI Industries's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. LSI Industries has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

LYTS News

Simply Wall St News

Don't Buy LSI Industries Inc. (NASDAQ:LYTS) For Its Next Dividend Without Doing These Checks

LSI Industries's next dividend payment will be US$0.05 per share, and in the last 12 months, the company paid a total of US$0.20 per share. … See our latest analysis for LSI Industries Dividends are typically paid from company earnings. … If a company pays more in dividends than it earned in profit, then the dividend could be unsustainable.

Simply Wall St -

Did You Manage To Avoid LSI Industries's (NASDAQ:LYTS) Painful 62% Share Price Drop?

In the last three years, LSI Industries saw its revenue grow by 2.2% per year, compound. … When looking at investment returns, it is important to consider the difference between total shareholder return (TSR) and share price return. … We note that for LSI Industries the TSR over the last 3 years was -58%, which is better than the share price return mentioned above.

Simply Wall St -

How Many LSI Industries Inc. (NASDAQ:LYTS) Shares Do Institutions Own?

We also tend to see lower insider ownership in companies that were previously publicly owned. … LSI Industries is a smaller company with a market capitalization of US$99m, so it may still be flying under the radar of many institutional investors. … Taking a look at our data on the ownership groups (below), it's seems that institutional investors have bought into the company.

Simply Wall St -

Does LSI Industries (NASDAQ:LYTS) Have A Healthy Balance Sheet?

Debt assists a business until the business has trouble paying it off, either with new capital or with free cash flow. … Since LSI Industries does have net debt, we think it is worthwhile for shareholders to keep an eye on the balance sheet, over time. … Finally, a business needs free cash flow to pay off debt; accounting profits just don't cut it.

Simply Wall St -

Is LSI Industries Inc. (NASDAQ:LYTS) A Good Dividend Stock?

(NASDAQ:LYTS) from a dividend investor's perspective. Owning a strong business and reinvesting the dividends is widely seen as an attractive way of growing your wealth. Yet sometimes, investors buy a popular dividend stock because of its yield, and then lose money if the company's dividend doesn't live up to expectations. A high yield and a long history of paying dividends is an appealing combination for LSI Industries. We'd guess that plenty of investors have purchased it for the income. Before you buy any stock for its dividend however, you should always remember Warren Buffett's two rules: 1) Don't lose money, and 2) Remember rule #1. … Given LSI Industries is paying a dividend but reported a loss over the past year, we need to check its balance sheet for signs of financial distress. … Dividend Growth Potential Given that the dividend has been cut in the past, we need to check if earnings are growing and if that might lead to stronger dividends in the future.

Simply Wall St -

Who Has Been Buying LSI Industries Inc. (NASDAQ:LYTS) Shares?

Check out our latest analysis for LSI Industries LSI Industries Insider Transactions Over The Last Year Over the last year, we can see that the biggest insider purchase was by Director Robert Steele for US$52k worth of shares, at about US$5.24 per share. … Generally speaking, it catches our eye when insiders have purchased shares at above current prices, as it suggests they believed the shares were worth buying, even at a higher price. … Insider Ownership of LSI Industries I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders.

Simply Wall St -

Easy Come, Easy Go: How LSI Industries (NASDAQ:LYTS) Shareholders Got Unlucky And Saw 73% Of Their Cash Evaporate

(NASDAQ:LYTS) shareholders should be happy to see the share price up 28% in the last month. … Indeed, the share price is down a whopping 73% in the last three years. … One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement.

Simply Wall St -

Does Market Volatility Impact LSI Industries Inc.'s (NASDAQ:LYTS) Share Price?

Every stock in the market is exposed to this volatility, which is linked to the fact that stocks prices are correlated in an efficient market. … Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … A stock with a beta greater than one is more sensitive to broader market movements than a stock with a beta of less than one.

Simply Wall St -

Do Institutions Own Shares In LSI Industries Inc. (NASDAQ:LYTS)?

Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. … LSI Industries is a smaller company with a market capitalization of US$77m, so it may still be flying under the radar of many institutional investors. … institutions own shares in the company.

Simply Wall St -

Have Insiders Been Buying LSI Industries Inc. (NASDAQ:LYTS) Shares?

So we'll take a look at whether insiders have been buying or selling shares in LSI Industries Inc. … As Peter Lynch said, 'insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.'. … That means that even when the share price was higher, an insider wanted to purchase shares

Simply Wall St -

LYTS Company Info

Description

LSI Industries Inc. provides corporate visual image solutions in the United States, Canada, Mexico, Australia, and Latin America. It operates through Lighting and Graphics segments. The Lighting segment manufactures and markets outdoor and indoor lighting and lighting controls for the commercial, industrial, and multi-site retail markets, including the petroleum/convenience store, quick-service, and automotive markets. It primarily offers exterior area, interior, canopy, and landscape lightings, as well as light poles and photometric layouts; lighting system design services; and solid-state LED solutions. This segment also designs, engineers, and manufactures electronic circuit boards, assemblies, and sub-assemblies for the manufacturing of LED light fixtures. The Graphics segment manufactures and sells exterior and interior visual image elements used in graphics displays and visual image programs in various markets that include the petroleum/convenience store market, quick-service restaurant, grocery, and multi-site retail operations. Its products comprise signage and canopy graphics, pump dispenser graphics, building fascia graphics, electrical signage, decals, interior signage and marketing graphics, aisle markers, wall mural graphics, fleet graphics, video boards, menu boards, and digital signage and media content management products. This segment also provides installation management services for the installation of interior or exterior products. LSI Industries Inc. was founded in 1976 and is headquartered in Cincinnati, Ohio.

Details
Name: LSI Industries Inc.
LYTS
Exchange: NasdaqGS
Founded: 1976
$136,795,141
26,105,943
Website: http://www.lsi-industries.com
Address: LSI Industries Inc.
10000 Alliance Road,
Cincinnati,
Ohio, 45242,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS LYTS Common Shares Nasdaq Global Select US USD 12. Mar 1985
Number of employees
Current staff
Staff numbers
1,065
LSI Industries employees.
Industry
Electrical Components and Equipment
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/15 23:43
End of day share price update: 2019/11/15 00:00
Last estimates confirmation: 2019/11/06
Last earnings filing: 2019/11/07
Last earnings reported: 2019/09/30
Last annual earnings reported: 2019/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.