Lincoln Electric Holdings Inc

  • Earnings Score
  • Moat Score
  • Safety Score
  • Final Score
  • Market Cap $10.10B
  • PE 22
  • Debt $1.36B
  • Cash $394.71M
  • EV $11.06B
  • FCF $534.08M

Earnings

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Sales & Net Margins

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Earnings$461.18M
EBIT$636.33M
ROE34%
ROA18%
FCF$534.08M
Equity$1.34B
Growth Stability75%
PE21.9
PEG0.91
PB7.54
P/FCF18.91
P/S2.5
Price/Cash0.04
Debt/Equity1.01
Debt/FCF2.55
Net Margins12%
Gross Margins36%
Op. Margins16%
Earnings CAGR14%
Sales Growth YoY2%
Sales Growth QoQ-2%
Sales CAGR7%
FCF CAGR9%
Equity CAGR4%
Earnings Stability0.67
Earnings Growth YoY-4%
Earnings Growth QoQ-16%
Earnings CAGR 5Y24%
Sales CAGR 5Y11%
FCF CAGR 5Y18%
Equity CAGR 5Y17%
Earnings CAGR 3Y4%
Sales CAGR 3Y4%
FCF CAGR 3Y26%
Equity CAGR 3Y16%
Market Cap$10.10B
Revenue$4.03B
Dividend Yield2%
Payout Ratio36%
Assets$3.63B
Total Debt$1.36B
Cash$394.71M
Shares Outstanding55.83M
EV11.06B
Earnings Score89%
Moat Score95%
Safety Score88%
Final Score91%
Working Capital759.77M
Current Ratio1.78
Gross Profit$1.47B
Shares Growth 3y-1%
Equity Growth QoQ1%
Equity Growth YoY2%

Assets & ROA

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Stockholders Equity & ROE

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Lincoln Electric is a leading manufacturer of welding, cutting, and brazing products. The firm's portfolio of products includes arc-welding solutions, plasma and oxy-fuel cutting systems, and brazing and soldering alloys, as well as automation solutions. Lincoln Electric serves clients in the general fabrication, heavy industries, automotive, construction, shipbuilding, energy and process industries, among other end markets. Based in Cleveland, Ohio, Lincoln Electric has operations in 19 countries and has 11,000 employees worldwide. The company generated roughly $3.2 billion in sales and $479 million in adjusted operating income in 2021.

SEC Filings

Direct access to Lincoln Electric Holdings Inc (LECO) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

  • 2025
    • 10-Q Mar 31
  • 2024
    • 10-K Dec 31
    • 10-Q Sep 30
    • 10-Q Jun 30
    • 10-Q Mar 31
  • 2023
    • 10-K Dec 31
    • 10-Q Sep 30
    • 10-Q Jun 30
    • 10-Q Mar 31

Sector Comparison

How does Lincoln Electric Holdings Inc compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Lincoln Electric Holdings Inc compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 14%
Stability 67%
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Lincoln Electric Holdings Inc Discounted Cash Flow

Fully customizable DCF calculator online for Lincoln Electric Holdings Inc.

= $10B
012345678910TV
fcf$534M$584M$639M$699M$765M$836M$915M$1B$1.1B$1.2B$1.3B$13B
DCF$531M$528M$525M$522M$519M$516M$514M$511M$508M$505M$5.1B
Value$10B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years12/201512/201612/201712/201812/201912/202012/202112/202212/202312/2024TTM
Net Margins5%9%9%9%10%8%9%13%13%12%12%
ROA-15%16%16%16%12%18%19%21%18%18%
ROE-28%27%32%36%26%32%46%42%35%34%

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years12/201512/201612/201712/201812/201912/202012/202112/202212/202312/2024TTM
Debt over FCF-2.782.592.722.242.462.553.91.922.822.55
Debt over Equity0.380.990.760.790.910.910.891.170.841.021.01
Growth Stability---100%100%75%100%100%100%100%75%

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years12/201512/201612/201712/201812/201912/202012/202112/202212/202312/2024CAGR 5Y
Revenue YoY growth--10%15%15%-1%-12%22%16%11%-4%11%
Earnings YoY growth-56%25%16%2%-30%34%71%15%-15%24%
Equity YoY growth--24%31%-5%-8%-4%9%20%27%1%17%
FCF YoY growth--3%8%-6%29%-12%4%3%85%-16%18%