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Lindsay Corporation LNN Tax Credit Carryforward Valuation Allowance

Tax Credit Carryforward Valuation Allowance at other companies

Parker-Hannifin logo
Parker-HannifinPH
$35M-96.7%

Other financials

Income statement

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Revenue$157.7M-15.7%
Gross profit$42.3M-32.2%
Operating income$13.0M-59.5%
Net income$12.0M-54.7%
EPS (diluted)$1.15-52.9%

Balance sheet

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Cash & equivalents$186.1M+8.2%
Total debt$138.6M+1.9%
Total equity$507.8M-1.7%
Total assets$837.7M+2.9%

Cash flow

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Operating cash flow$24.6M+100%
CapEx$13.0M+32.8%
Free cash flow-$15.1M-221%

Valuation

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Market cap$1.3B-12.0%
Enterprise value$1.25B-11.6%
P/E22.1×+2.6×
P/S2×-0.1×

Profitability

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Gross margin30%-1.6pp
Operating margin10.6%-2.7pp
Net margin9.3%-2.6pp
FCF margin9.4%-1.1pp

Returns & leverage

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Return on equity11.5%-3.9pp
Debt / equity0.3×0.0×
Current ratio3×-0.6×

Questions, answered.

What does tax credit carryforward valuation allowance mean?
This is a contra-asset account that reduces the carrying value of tax credit carryforwards when it is more likely than not that some or all of the credits will not be realized. It reflects management's assessment of the company's ability to generate sufficient future taxable income. A high allowance suggests uncertainty regarding the realization of tax benefits.