Lincoln Electric Valuation

LECO Stock  USD 293.68  2.46  0.83%   
At this time, the firm appears to be undervalued. Lincoln Electric Holdings secures a last-minute Real Value of $307.63 per share. The latest price of the firm is $293.68. Our model forecasts the value of Lincoln Electric Holdings from analyzing the firm fundamentals such as Profit Margin of 0.13 %, current valuation of 17.23 B, and Return On Equity of 0.38 as well as examining its technical indicators and probability of bankruptcy. Key fundamental drivers impacting Lincoln Electric's valuation include:
Price Book
11.079
Enterprise Value
17.2 B
Enterprise Value Ebitda
20.8701
Price Sales
3.8807
Forward PE
27.7008
Undervalued
Today
293.68
Please note that Lincoln Electric's price fluctuation is very steady at this time. Calculation of the real value of Lincoln Electric Holdings is based on 3 months time horizon. Increasing Lincoln Electric's time horizon generally increases the accuracy of value calculation and significantly improves the predictive power of the methodology used.
Since Lincoln Electric is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Lincoln Stock. However, Lincoln Electric's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value.
Historical Market  293.68 Real  307.63 Target  287.2 Hype  299.57
The intrinsic value of Lincoln Electric's stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence Lincoln Electric's stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
264.31
Downside
307.63
Real Value
309.33
Upside
Estimating the potential upside or downside of Lincoln Electric Holdings helps investors to forecast how Lincoln stock's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of Lincoln Electric more accurately as focusing exclusively on Lincoln Electric's fundamentals will not take into account other important factors:
Earnings
Estimates
LowProjectedHigh
2.382.492.56
Details
Hype
Prediction
LowEstimatedHigh
264.31299.57301.27
Details
10 Analysts
Consensus
LowTarget PriceHigh
261.35287.20318.79
Details
Traditionally, analysts and sophisticated investors use multiple methods for valuing a cash-flow-generating entity or its stock. For example, some money managers use Lincoln Electric's intrinsic value based on its ongoing forecasts of Lincoln Electric's financial statements. In contrast, other private, professional wealth advisors use a multiplier approach by looking to relative value analysis against Lincoln Electric's closest peers.

Lincoln Electric Cash

224.49 Million

Lincoln Revenue by Product

Lincoln Electric Total Value Analysis

Lincoln Electric Holdings is now forecasted to have valuation of 17.23 B with market capitalization of 16.21 B, debt of 1.32 B, and cash on hands of 152.8 M. Please note that valuation may be misleading and is a subject to auditing or accounting errors. We encourage investors to vigilantly validate all of the Lincoln Electric fundamentals before making equity appraisal based on enterprise value of the company
  Takeover PriceMarket CapDebt ObligationsCash
17.23 B
16.21 B
1.32 B
152.8 M

Lincoln Electric Investor Information

About 82.0% of the company shares are owned by institutional investors. The company has Price/Earnings To Growth (PEG) ratio of 1.93. Lincoln Electric Holdings recorded earning per share (EPS) of 9.31. The entity last dividend was issued on the 31st of December 2025. The firm had 2:1 split on the 1st of June 2011. Based on the measurements of operating efficiency obtained from Lincoln Electric's historical financial statements, Lincoln Electric Holdings may be sliding down financialy. It has an above-average probability of going through some form of financial hardship next quarter.
Current ValueLast YearChange From Last Year 10 Year Trend
Operating Profit Margin0.0960.1696
Way Down
Slightly volatile
Total Cash From Operating Activities723.3 M688.8 M
Sufficiently Up
Slightly volatile
Operating Income754 M718.1 M
Sufficiently Up
Slightly volatile

Lincoln Electric Asset Utilization

The asset utilization indicator refers to the revenue earned for every dollar of assets a company currently reports. Lincoln Electric has an asset utilization ratio of 120.25 percent. This suggests that the Company is making $1.2 for each dollar of assets. An increasing asset utilization means that Lincoln Electric Holdings is more efficient with each dollar of assets it utilizes for everyday operations.
 
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Lincoln Electric Profitability Analysis

Based on the measurements of profitability obtained from Lincoln Electric's financial statements, Lincoln Electric Holdings may not be well positioned to generate adequate gross income at this time. It has a very high probability of underperforming in March. Profitability indicators assess Lincoln Electric's ability to earn profits and add value for shareholders.
 
Net Income  
First Reported
1994-03-31
Previous Quarter
122.6 M
Current Value
136 M
Quarterly Volatility
38.4 M
 
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Interest Hikes
As of the 15th of February 2026, Gross Profit is likely to drop to about 804.8 M. In addition to that, Pretax Profit Margin is likely to drop to 0.09
Current ValueLast YearChange From Last Year 10 Year Trend
Gross Profit Margin0.360.3625
Slightly Down
Pretty Stable
Net Profit Margin0.06450.123
Way Down
Slightly volatile
Operating Profit Margin0.0960.1696
Way Down
Slightly volatile
Pretax Profit Margin0.0880.1596
Way Down
Slightly volatile
Return On Assets0.080.12
Way Down
Pretty Stable
Return On Equity0.180.32
Way Down
Slightly volatile
For Lincoln Electric profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Lincoln Electric Holdings to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Lincoln Electric utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Lincoln Electric's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Lincoln Electric over time as well as its relative position and ranking within its peers.

Lincoln Electric Earnings per Share Projection vs Actual

The next projected EPS of Lincoln Electric is estimated to be 2.4936 with future projections ranging from a low of 2.375 to a high of 2.56. Lincoln Electric's most recent 12-month trailing earnings per share (EPS TTM) is at 9.31. Please be aware that the consensus of earnings estimates for Lincoln Electric Holdings is based on EPS before non-recurring items and includes expenses related to employee stock options.
 
Dot-com Bubble
 
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Yuan Drop
 
Covid
 
Interest Hikes
Lincoln Electric is projected to generate 2.4936 in earnings per share on the 31st of March 2026. Lincoln Electric earnings estimates show analyst consensus about projected Lincoln Electric EPS (Earning Per Share). It derives the highest and the lowest estimates based on Lincoln Electric's historical volatility. Many public companies, such as Lincoln Electric, manage the perception of their earnings on a regular basis to make sure that analyst estimates are accurate. Future earnings calculations are also an essential input when attempting to value a firm.

Lincoln Electric Earnings Estimation Breakdown

The calculation of Lincoln Electric's earning per share is based on the data from the past 12 consecutive months, used for reporting the company's financial figures. The next projected EPS of Lincoln Electric is estimated to be 2.4936 with the future projection ranging from a low of 2.375 to a high of 2.56. Please be aware that this consensus of annual earnings estimates for Lincoln Electric Holdings is based on EPS before non-recurring items and includes expenses related to employee stock options.
Last Reported EPS
2.65
2.38
Lowest
Expected EPS
2.4936
2.56
Highest

Lincoln Electric Earnings Projection Consensus

Suppose the current estimates of Lincoln Electric's value are higher than the current market price of the Lincoln Electric stock. In this case, investors may conclude that Lincoln Electric is overpriced and will exhibit bullish sentiment. On the other hand, if the present value is lower than the stock price, analysts may conclude that the market undervalues the equity. These scenarios may suggest that the market is not as efficient as it should be at the estimation time, and Lincoln Electric's stock will quickly adjusts to the new information provided by the consensus estimate.
Number of AnalystsHistorical AccuracyLast Reported EPSEstimated EPS for 31st of March 2026Current EPS (TTM)
1193.85%
2.65
2.4936
9.31

Lincoln Electric Ownership Allocation

Lincoln Electric Holdings maintains a total of 55.03 Million outstanding shares. The majority of Lincoln Electric outstanding shares are owned by institutional investors. These third-party entities are usually referred to as non-private investors looking to shop for positions in Lincoln Electric Holdings to benefit from reduced commissions. Consequently, institutional holders are subject to a different set of regulations than regular investors in Lincoln Electric Holdings. Please pay attention to any change in the institutional holdings of Lincoln Electric as this could imply that something significant has changed or is about to change at the company. Please note that no matter how many assets the company has, if the real value of the firm is less than the current market value, you may not be able to make money on it.

Lincoln Electric Profitability Analysis

The company reported the previous year's revenue of 4.23 B. Net Income was 466.11 M with profit before overhead, payroll, taxes, and interest of 1.53 B.

Lincoln Electric Past Distributions to stockholders

About Lincoln Electric Valuation

We use absolute and relative valuation methodologies to arrive at the intrinsic value of Lincoln Electric Holdings. In general, an absolute valuation paradigm, as applied to this company, attempts to find the value of Lincoln Electric Holdings based exclusively on its fundamental and basic technical indicators. By analyzing Lincoln Electric's financials, quarterly and monthly indicators, and their related drivers, we attempt to find the most accurate representation of Lincoln Electric's intrinsic value. As compared to an absolute model, our relative valuation model uses a comparative analysis of Lincoln Electric. We calculate exposure to Lincoln Electric's market risk, different technical and fundamental indicators, and relevant financial multiples and ratios and then compare them to those of Lincoln Electric's related companies.
Last ReportedProjected for Next Year
Gross Profit1.5 B804.8 M
Pretax Profit Margin 0.16  0.09 
Operating Profit Margin 0.17  0.10 
Net Profit Margin 0.12  0.06 
Gross Profit Margin 0.36  0.36 

Lincoln Electric Quarterly Retained Earnings

4.25 Billion

Lincoln Electric's stock price is the clearest measure of market expectations about its performance. Without stock valuation, investors cannot independently discern whether Lincoln Electric's value is low or high relative to the company's performance and growth projections. Determining the market value of Lincoln Electric can be done in different ways, such as multiplying its stock price by its outstanding shares.
A single share of Lincoln Electric represents a small ownership stake in the entity. As a stockholder of Lincoln, your percentage of company ownership is determined by dividing the number of shares you own by the total number of shares outstanding and then multiplying that amount by 100. Owning stock in a company generally confers both corporate voting rights and income from any dividends paid to the stock owner.

Lincoln Electric Dividends Analysis For Valuation

As of the 15th of February 2026, Dividend Yield is likely to grow to 0.02, though Dividends Paid is likely to grow to (138.6 M). . At this time, Lincoln Electric's Retained Earnings are very stable compared to the past year. As of the 15th of February 2026, Earnings Yield is likely to grow to 0.07, while Retained Earnings Total Equity is likely to drop about 2.5 B.
Last ReportedProjected for Next Year
Dividends Paid-145.9 M-138.6 M
Dividend Yield 0.01  0.02 
Dividend Payout Ratio 0.32  0.28 
Dividend Paid And Capex Coverage Ratio 1.93  1.54 
There are various types of dividends Lincoln Electric can pay to its shareholders, and the actual value of the dividend is determined on a per-share basis. It is to be paid equally to all of Lincoln shareholders on a specific date, known as the payable date. The cash dividend is the most common type of dividend payment - it is the payment of actual cash from Lincoln Electric Holdings directly to its shareholders. There are other types of dividends that companies can issue, such as stock dividends or asset dividends. When Lincoln pays a dividend, it has no impact on its enterprise value. It does, however, lowers the Equity Value of Lincoln Electric by the value of the dividends paid out.

Lincoln Electric Growth Indicators

Growth stocks usually refer to those companies expected to grow sales and earnings faster than the market average. Growth stocks typically don't pay dividends, often look expensive, and usually trading at a high P/E ratio. Nevertheless, such valuations could be relatively cheap if the company continues to grow, which will drive the share price up. However, since most investors are paying a high price for a growth stock, based on expectations, if those expectations are not fully realized, growth stocks can see dramatic declines.
Common Stock Shares Outstanding55.9 M
Quarterly Earnings Growth Y O Y0.249
Forward Price Earnings27.7008
Forward Annual Dividend Rate3.16
Shares Float53.9 M

Lincoln Electric Current Valuation Indicators

Lincoln Electric's valuation analysis is a process of estimating the intrinsic value of all assets and outstanding equities. There are different methodologies and models we use to develop the final Lincoln Electric's valuation. The techniques such as discounted cash flow and fundamental indicators such as book value per share or market capitalization are well known and widely used across most financial advisers and money managers.
Valuations are an essential part of business, for companies themselves, but also for investors. For companies, such as Lincoln Electric, valuations can help measure their progress and success and can help them track their performance in the market compared to others. In addition, investors can use Lincoln Electric's valuations to help determine the worth of potential investments. They can do this by using data and information made public by a company. Regardless of who the valuation is for, it essentially describes Lincoln Electric's worth.
When determining whether Lincoln Electric Holdings offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Lincoln Electric's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Lincoln Electric Holdings Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Lincoln Electric Holdings Stock:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Lincoln Electric Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in services.
You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
Will Industrial Machinery & Supplies & Components sector continue expanding? Could Lincoln diversify its offerings? Factors like these will boost the valuation of Lincoln Electric. Expected growth trajectory for Lincoln significantly influences the price investors are willing to assign. Accurate valuation requires analyzing both current fundamentals and future growth trajectories. Every Lincoln Electric data point contributes insight, yet successful analysis hinges on identifying the most consequential variables.
Quarterly Earnings Growth
0.249
Earnings Share
9.31
Revenue Per Share
74.908
Quarterly Revenue Growth
0.079
Return On Assets
0.1198
Understanding Lincoln Electric Holdings requires distinguishing between market price and book value, where the latter reflects Lincoln's accounting equity. The concept of intrinsic value - what Lincoln Electric's is actually worth based on fundamentals - guides informed investors toward better entry and exit points. Seasoned market participants apply comprehensive analytical frameworks to derive fundamental worth and identify mispriced opportunities. Market sentiment, economic cycles, and investor behavior can push Lincoln Electric's price substantially above or below its fundamental value.
Understanding that Lincoln Electric's value differs from its trading price is crucial, as each reflects different aspects of the company. Evaluating whether Lincoln Electric represents a sound investment requires analyzing earnings trends, revenue growth, technical signals, industry dynamics, and expert forecasts. In contrast, Lincoln Electric's trading price reflects the actual exchange value where willing buyers and sellers reach mutual agreement.