Financials Lennox International Inc.

Equities

LII

US5261071071

Electrical Components & Equipment

Market Closed - Nyse Other stock markets 04:00:02 2024-05-10 pm EDT			5-day change	1st Jan Change
494.5 ^USD	+1.19%		+7.80%	+10.50%

May. 07	Transcript : Lennox International Inc. Presents at Oppenheimer?s 19th Annual Virtual Industrial Growth Conference, May-07-2024 12:00 PM
May. 03	Johnson Controls weighs sale of ADT alarms unit, sources say	RE

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	9,401	10,490	11,870	8,478	15,905	17,617	-	-
Enterprise Value (EV) ¹	10,532	11,342	13,072	9,950	17,149	18,573	18,207	17,800
P/E ratio	23.5 x	29.6 x	26.2 x	17.2 x	27.1 x	24.8 x	21.9 x	19.4 x
Yield	1.21%	1.12%	1.09%	1.71%	-	0.89%	0.92%	0.95%
Capitalization / Revenue	2.49 x	2.89 x	2.83 x	1.8 x	3.19 x	3.44 x	3.18 x	2.98 x
EV / Revenue	2.79 x	3.12 x	3.12 x	2.11 x	3.44 x	3.63 x	3.29 x	3.02 x
EV / EBITDA	15.5 x	19.6 x	19.3 x	13.4 x	18.2 x	17.9 x	15.9 x	14.2 x
EV / FCF	36.3 x	21.2 x	32 x	49.5 x	35.1 x	33.5 x	25.8 x	21.2 x
FCF Yield	2.76%	4.71%	3.13%	2.02%	2.85%	2.98%	3.88%	4.72%
Price to Book	-55.3 x	-614 x	-44.2 x	-41.8 x	55.8 x	22.6 x	14.9 x	8.85 x
Nbr of stocks (in thousands)	38,532	38,289	36,597	35,439	35,540	35,624	-	-
Reference price ²	244.0	274.0	324.4	239.2	447.5	494.5	494.5	494.5
Announcement Date	2/4/20	2/2/21	2/1/22	1/31/23	1/31/24	-	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	3,773	3,634	4,194	4,718	4,982	5,118	5,537	5,903
EBITDA ¹	681	579.3	676.3	743.7	943.1	1,035	1,148	1,255
EBIT ¹	609.9	506.7	603.9	665.8	857.1	943.2	1,052	1,157
Operating Margin	16.17%	13.94%	14.4%	14.11%	17.2%	18.43%	18.99%	19.6%
Earnings before Tax (EBT) ¹	507.9	445.2	560.1	615.8	737.5	891.4	1,008	1,121
Net income ¹	408.8	357.1	464	497.1	590.1	712.8	805	896.5
Net margin	10.84%	9.83%	11.06%	10.54%	11.84%	13.93%	14.54%	15.19%
EPS ²	10.38	9.260	12.39	13.88	16.54	19.93	22.61	25.44
Free Cash Flow ¹	290.5	533.9	408.7	201.2	488.1	553.8	706.4	840.8
FCF margin	7.7%	14.69%	9.74%	4.26%	9.8%	10.82%	12.76%	14.24%
FCF Conversion (EBITDA)	42.66%	92.16%	60.43%	27.05%	51.75%	53.51%	61.51%	67%
FCF Conversion (Net income)	71.06%	149.51%	88.08%	40.47%	82.71%	77.69%	87.74%	93.79%
Dividend per Share ²	2.950	3.080	3.530	4.100	-	4.380	4.554	4.676
Announcement Date	2/4/20	2/2/21	2/1/22	1/31/23	1/31/24	-	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2
Net sales ¹	964.8	1,013	1,366	1,245	1,094	1,049	1,411	1,366	1,155	1,047	1,464	1,409	1,200	1,143	1,600
EBITDA ¹	121	133.4	248.8	207.7	153.9	159.1	304	276.8	200.8	190.8	325.4	298.4	222.3	222.7	377.5
EBIT ¹	101.9	114.6	229.8	189.3	132.2	139.5	283.1	255.3	176.8	166.8	303.8	275.4	198.6	190	344.7
Operating Margin	10.56%	11.31%	16.82%	15.21%	12.09%	13.29%	20.06%	18.69%	15.31%	15.93%	20.75%	19.54%	16.55%	16.63%	21.55%
Earnings before Tax (EBT) ¹	90.2	104.4	217.3	174.6	119.5	125.1	263.7	175.2	173.4	154.2	291	261.7	186.3	189.3	344.8
Net income ¹	83.5	83.6	177.2	141.9	94.4	98	217.2	130.4	144.5	124.3	232.9	209.1	147.7	150.7	274.7
Net margin	8.65%	8.25%	12.97%	11.4%	8.63%	9.34%	15.39%	9.54%	12.51%	11.87%	15.91%	14.84%	12.31%	13.19%	17.18%
EPS ²	2.270	2.290	4.960	3.990	2.650	2.750	6.100	3.650	4.040	3.470	6.508	5.840	4.136	4.207	7.685
Dividend per Share ²	0.9200	0.9200	1.060	1.060	1.060	1.060	1.100	-	-	-	1.090	1.136	1.136	1.129	1.129
Announcement Date	2/1/22	4/25/22	7/28/22	10/27/22	1/31/23	4/27/23	7/27/23	10/26/23	1/31/24	4/24/24	-	-	-	-	-

¹USD in Million²USD

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	1,131	852	1,201	1,472	1,245	957	590	183
Net Cash position ¹	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	1.661 x	1.47 x	1.776 x	1.98 x	1.32 x	0.9244 x	0.5141 x	0.1459 x
Free Cash Flow ¹	291	534	409	201	488	554	706	841
ROE (net income / shareholders' equity)	-	-	-	-	1,436%	116%	73.8%	57.4%
ROA (Net income/ Total Assets)	21.2%	17.6%	22.1%	21.3%	22%	22.9%	23%	22.2%
Assets ¹	1,926	2,034	2,102	2,339	2,683	3,118	3,504	4,039
Book Value Per Share ²	-4.410	-0.4500	-7.340	-5.730	8.020	21.90	33.10	55.90
Cash Flow per Share ²	10.10	15.90	13.70	8.440	20.60	20.30	27.80	32.00
Capex ¹	106	78.5	107	101	250	175	129	122
Capex / Sales	2.8%	2.16%	2.55%	2.14%	5.02%	3.43%	2.33%	2.07%
Announcement Date	2/4/20	2/2/21	2/1/22	1/31/23	1/31/24	-	-	-

¹USD in Million²USD

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Lennox International Inc.

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

494.5 USD

Average target price

493.9 USD

Spread / Average Target

-0.12%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Heating, Ventilation & Air Conditioning Systems

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A. O. SMITH CORPORATION	+4.78%	12.67B
NIBE INDUSTRIER AB	-19.21%	10.64B
AAON, INC.	+4.63%	6.35B
NINGBO DEYE TECHNOLOGY GROUP CO., LTD.	+18.59%	5.92B

Heating, Ventilation & Air Conditioning Systems