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Lincoln Electric Holdings, Inc is a tools & accessories business based in the US. Lincoln Electric shares (LECO) are listed on the NASDAQ and all prices are listed in US Dollars. Lincoln Electric employs 11,000 staff and has a trailing 12-month revenue of around USD$2.7 billion.
|Latest market close||USD$117.79|
|52-week range||USD$58.206 - USD$118.44|
|50-day moving average||USD$106.104|
|200-day moving average||USD$93.0851|
|Wall St. target price||USD$114|
|Dividend yield||USD$2.04 (1.79%)|
|Earnings per share (TTM)||USD$3.382|
The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.
|1 week (2020-11-25)||3.15%|
|1 month (2020-11-06)||12.11%|
|3 months (2020-09-04)||24.38%|
|6 months (2020-06-05)||31.48%|
|1 year (2019-12-06)||27.42%|
|2 years (2018-12-06)||42.41%|
|3 years (2017-12-06)||29.54%|
|5 years (2015-12-04)||112.27%|
Valuing Lincoln Electric stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Lincoln Electric's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Lincoln Electric's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 34x. In other words, Lincoln Electric shares trade at around 34x recent earnings.
That's relatively high compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.
Lincoln Electric's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 2.7063. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Lincoln Electric's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.
Lincoln Electric's EBITDA (earnings before interest, taxes, depreciation and amortisation) is USD$406.7 million.
The EBITDA is a measure of a Lincoln Electric's overall financial performance and is widely used to measure a its profitability.
|Revenue TTM||USD$2.7 billion|
|Operating margin TTM||12.05%|
|Gross profit TTM||USD$1 billion|
|Return on assets TTM||8.87%|
|Return on equity TTM||26.87%|
|Market capitalisation||USD$6.8 billion|
TTM: trailing 12 months
There are currently 1.7 million Lincoln Electric shares held short by investors – that's known as Lincoln Electric's "short interest". This figure is 0.6% down from 1.7 million last month.
There are a few different ways that this level of interest in shorting Lincoln Electric shares can be evaluated.
Lincoln Electric's "short interest ratio" (SIR) is the quantity of Lincoln Electric shares currently shorted divided by the average quantity of Lincoln Electric shares traded daily (recently around 366457.51072961). Lincoln Electric's SIR currently stands at 4.66. In other words for every 100,000 Lincoln Electric shares traded daily on the market, roughly 4660 shares are currently held short.
However Lincoln Electric's short interest can also be evaluated against the total number of Lincoln Electric shares, or, against the total number of tradable Lincoln Electric shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Lincoln Electric's short interest could be expressed as 0.02% of the outstanding shares (for every 100,000 Lincoln Electric shares in existence, roughly 20 shares are currently held short) or 0.0287% of the tradable shares (for every 100,000 tradable Lincoln Electric shares, roughly 29 shares are currently held short).
Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Lincoln Electric.
Find out more about how you can short Lincoln Electric stock.
Environmental, social and governance (known as ESG) criteria are a set of three factors used to measure the sustainability and social impact of companies like Lincoln Electric.
When it comes to ESG scores, lower is better, and lower scores are generally associated with lower risk for would-be investors.
Total ESG risk: 36.72
Socially conscious investors use ESG scores to screen how an investment aligns with their worldview, and Lincoln Electric's overall score of 36.72 (as at 01/01/2019) is pretty weak – landing it in it in the 68th percentile of companies rated in the same sector.
ESG scores are increasingly used to estimate the level of risk a company like Lincoln Electric is exposed to within the areas of "environmental" (carbon footprint, resource use etc.), "social" (health and safety, human rights etc.), and "governance" (anti-corruption, tax transparency etc.).
Environmental score: 13.93/100
Lincoln Electric's environmental score of 13.93 puts it squarely in the 6th percentile of companies rated in the same sector. This could suggest that Lincoln Electric is a leader in its sector terms of its environmental impact, and exposed to a lower level of risk.
Social score: 17.77/100
Lincoln Electric's social score of 17.77 puts it squarely in the 6th percentile of companies rated in the same sector. This could suggest that Lincoln Electric is a leader in its sector when it comes to taking good care of its workforce and the communities it impacts.
Governance score: 11.53/100
Lincoln Electric's governance score puts it squarely in the 6th percentile of companies rated in the same sector. That could suggest that Lincoln Electric is a leader in its sector when it comes to responsible management and strategy, and exposed to a lower level of risk.
Controversy score: 1/5
ESG scores also evaluate any incidences of controversy that a company has been involved in. Lincoln Electric scored a 1 out of 5 for controversy – the highest score possible, reflecting that Lincoln Electric has managed to keep its nose clean.
|Total ESG score||36.72|
|Total ESG percentile||67.68|
|Environmental score percentile||6|
|Social score percentile||6|
|Governance score percentile||6|
|Level of controversy||1|
Dividend payout ratio: 48.4% of net profits
Recently Lincoln Electric has paid out, on average, around 48.4% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 1.79% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Lincoln Electric shareholders could enjoy a 1.79% return on their shares, in the form of dividend payments. In Lincoln Electric's case, that would currently equate to about $2.04 per share.
While Lincoln Electric's payout ratio might seem fairly standard, it's worth remembering that Lincoln Electric may be investing much of the rest of its net profits in future growth.
Lincoln Electric's most recent dividend payout was on 15 January 2021. The latest dividend was paid out to all shareholders who bought their shares by 30 December 2020 (the "ex-dividend date").
Lincoln Electric's shares were split on a 2:1 basis on 1 June 2011. So if you had owned 1 share the day before before the split, the next day you'd have owned 2 shares. This wouldn't directly have changed the overall worth of your Lincoln Electric shares – just the quantity. However, indirectly, the new 50% lower share price could have impacted the market appetite for Lincoln Electric shares which in turn could have impacted Lincoln Electric's share price.
Over the last 12 months, Lincoln Electric's shares have ranged in value from as little as $58.206 up to $118.44. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Lincoln Electric's is 1.1573. This would suggest that Lincoln Electric's shares are a little bit more volatile than the average for this exchange and represent, relatively-speaking, a slightly higher risk (but potentially also market-beating returns).
Lincoln Electric Holdings, Inc., through its subsidiaries, designs, develops, manufactures, and sells welding, cutting, and brazing products worldwide. It operates through three segments: Americas Welding, International Welding, and The Harris Products Group. The company offers welding products, including arc welding power sources, plasma cutters, wire feeding systems, robotic welding packages, integrated automation systems, fume extraction equipment, consumable electrodes, fluxes and welding accessories, and specialty welding consumables and fabrication products. It also provides computer numeric controlled plasma and oxy-fuel cutting systems, and regulators and torches used in oxy-fuel welding, cutting, and brazing; and consumables used in the brazing and soldering alloys market. In addition, the company is involved in the retail business in the United States. It serves general fabrication, energy and process, automotive and transportation, heavy fabrication, and construction and infrastructure industries, as well as ship building and maintenance and repair markets. The company sells its products directly to users of welding products, as well as through industrial distributors, retailers, and agents. Lincoln Electric Holdings, Inc. was founded in 1895 and is headquartered in Cleveland, Ohio.
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