(LECO) Lincoln Electric Holdings - Overview
Exchange: NASDAQ •
Country: United States •
Currency: USD •
Type: Common Stock •
ISIN: US5339001068
Stock: Welding, Cutting, Brazing, Filler Metals, Automation
Total Rating 63
Risk 88
Buy Signal 0.87
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 1.41% |
| Yield on Cost 5y | 2.82% |
| Yield CAGR 5y | 9.82% |
| Payout Consistency | 100.0% |
| Payout Ratio | 42.1% |
| Risk 5d forecast | |
|---|---|
| Volatility | 29.1% |
| Relative Tail Risk | -10.1% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 1.43 |
| Alpha | 41.16 |
| Character TTM | |
|---|---|
| Beta | 1.084 |
| Beta Downside | 1.122 |
| Drawdowns 3y | |
|---|---|
| Max DD | 34.29% |
| CAGR/Max DD | 0.65 |
Description: LECO Lincoln Electric Holdings January 02, 2026
Lincoln Electric Holdings Inc. (LECO) designs, manufactures and sells a wide range of welding, cutting and brazing products-including equipment, consumables, fume-control gear and automation solutions-through three operating segments: Americas Welding, International Welding, and The Harris Products Group, serving industries such as fabrication, oil & gas, power generation, automotive, construction, shipbuilding and heavy-maintenance markets.
In FY 2024 the company generated approximately $2.2 billion in revenue, posted an operating margin of about 13% (a 10-year average), and converted roughly 70% of earnings into free cash flow, underscoring the cash-generating power of its consumables and service contracts.
Key economic drivers are the cyclical health of capital-intensive sectors (e.g., oil & gas, infrastructure spending) and the secular shift toward automation and electrification, which fuels demand for its automated welding systems, mobile power units, AGVs and robot-integrated solutions.
For a deeper dive into LECO’s valuation and scenario modeling, you may find ValueRay’s research platform a useful next step.
Piotroski VR‑10 (Strict, 0-10) 8.5
| Net Income: 524.7m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.14 > 0.02 and ΔFCF/TA 0.27 > 1.0 |
| NWC/Revenue: 17.73% < 20% (prev 19.92%; Δ -2.19% < -1%) |
| CFO/TA 0.17 > 3% & CFO 662.0m > Net Income 524.7m |
| Net Debt (1.00b) to EBITDA (808.2m): 1.24 < 3 |
| Current Ratio: 1.71 > 1.5 & < 3 |
| Outstanding Shares: last quarter (55.5m) vs 12m ago -2.77% < -2% |
| Gross Margin: 36.64% > 18% (prev 0.37%; Δ 3628 % > 0.5%) |
| Asset Turnover: 111.7% > 50% (prev 110.4%; Δ 1.30% > 0%) |
| Interest Coverage Ratio: 13.66 > 6 (EBITDA TTM 808.2m / Interest Expense TTM 52.1m) |
Altman Z'' 7.95
| A: 0.19 (Total Current Assets 1.78b - Total Current Liabilities 1.04b) / Total Assets 3.82b |
| B: 1.11 (Retained Earnings 4.25b / Total Assets 3.82b) |
| C: 0.19 (EBIT TTM 712.1m / Avg Total Assets 3.74b) |
| D: 1.69 (Book Value of Equity 4.05b / Total Liabilities 2.40b) |
| Altman-Z'' Score: 7.95 = AAA |
Beneish M -2.91
| DSRI: 1.14 (Receivables 610.6m/517.0m, Revenue 4.18b/4.04b) |
| GMI: 1.00 (GM 36.64% / 36.55%) |
| AQI: 1.02 (AQ_t 0.34 / AQ_t-1 0.33) |
| SGI: 1.03 (Revenue 4.18b / 4.04b) |
| TATA: -0.04 (NI 524.7m - CFO 662.0m) / TA 3.82b) |
| Beneish M-Score: -2.91 (Cap -4..+1) = A |
What is the price of LECO shares?
As of February 08, 2026, the stock is trading at USD 298.88 with a total of 860,321 shares traded.
Over the past week, the price has changed by +12.64%, over one month by +18.74%, over three months by +32.09% and over the past year by +56.85%.
Over the past week, the price has changed by +12.64%, over one month by +18.74%, over three months by +32.09% and over the past year by +56.85%.
Is LECO a buy, sell or hold?
Lincoln Electric Holdings has received a consensus analysts rating of 3.90.
Therefore, it is recommended to buy LECO.
- StrongBuy: 5
- Buy: 1
- Hold: 3
- Sell: 0
- StrongSell: 1
What are the forecasts/targets for the LECO price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 268.9 | -10% |
| Analysts Target Price | 268.9 | -10% |
| ValueRay Target Price | 378.8 | 26.7% |
LECO Fundamental Data Overview February 07, 2026
P/E Trailing = 30.4775
P/E Forward = 26.738
P/S = 3.7615
P/B = 11.1178
P/EG = 1.8641
Revenue TTM = 4.18b USD
EBIT TTM = 712.1m USD
EBITDA TTM = 808.2m USD
Long Term Debt = 1.15b USD (from longTermDebt, last quarter)
Short Term Debt = 102.0m USD (from shortTermDebt, last quarter)
Debt = 1.29b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 1.00b USD (from netDebt column, last quarter)
Enterprise Value = 16.71b USD (15.71b + Debt 1.29b - CCE 293.0m)
Interest Coverage Ratio = 13.66 (Ebit TTM 712.1m / Interest Expense TTM 52.1m)
EV/FCF = 30.58x (Enterprise Value 16.71b / FCF TTM 546.5m)
FCF Yield = 3.27% (FCF TTM 546.5m / Enterprise Value 16.71b)
FCF Margin = 13.09% (FCF TTM 546.5m / Revenue TTM 4.18b)
Net Margin = 12.56% (Net Income TTM 524.7m / Revenue TTM 4.18b)
Gross Margin = 36.64% ((Revenue TTM 4.18b - Cost of Revenue TTM 2.65b) / Revenue TTM)
Gross Margin QoQ = 36.68% (prev 37.25%)
Tobins Q-Ratio = 4.38 (Enterprise Value 16.71b / Total Assets 3.82b)
Interest Expense / Debt = 1.05% (Interest Expense 13.6m / Debt 1.29b)
Taxrate = 26.13% (43.4m / 166.0m)
NOPAT = 526.0m (EBIT 712.1m * (1 - 26.13%))
Current Ratio = 1.71 (Total Current Assets 1.78b / Total Current Liabilities 1.04b)
Debt / Equity = 0.92 (Debt 1.29b / totalStockholderEquity, last quarter 1.41b)
Debt / EBITDA = 1.24 (Net Debt 1.00b / EBITDA 808.2m)
Debt / FCF = 1.83 (Net Debt 1.00b / FCF TTM 546.5m)
Total Stockholder Equity = 1.37b (last 4 quarters mean from totalStockholderEquity)
RoA = 14.03% (Net Income 524.7m / Total Assets 3.82b)
RoE = 38.43% (Net Income TTM 524.7m / Total Stockholder Equity 1.37b)
RoCE = 28.30% (EBIT 712.1m / Capital Employed (Equity 1.37b + L.T.Debt 1.15b))
RoIC = 20.08% (NOPAT 526.0m / Invested Capital 2.62b)
WACC = 9.21% (E(15.71b)/V(17.00b) * Re(9.91%) + D(1.29b)/V(17.00b) * Rd(1.05%) * (1-Tc(0.26)))
Discount Rate = 9.91% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -2.11%
[DCF Debug] Terminal Value 75.06% ; FCFF base≈534.0m ; Y1≈578.2m ; Y5≈717.8m
Fair Price DCF = 164.0 (EV 10.03b - Net Debt 1.00b = Equity 9.03b / Shares 55.0m; r=9.21% [WACC]; 5y FCF grow 9.39% → 2.90% )
EPS Correlation: -30.03 | EPS CAGR: -46.61% | SUE: -4.0 | # QB: 0
Revenue Correlation: 71.72 | Revenue CAGR: 6.29% | SUE: 0.29 | # QB: 0
EPS next Quarter (2026-03-31): EPS=2.53 | Chg30d=+0.014 | Revisions Net=+4 | Analysts=8
EPS next Year (2026-12-31): EPS=10.83 | Chg30d=+0.080 | Revisions Net=+3 | Growth EPS=+11.0% | Growth Revenue=+6.7%
P/E Forward = 26.738
P/S = 3.7615
P/B = 11.1178
P/EG = 1.8641
Revenue TTM = 4.18b USD
EBIT TTM = 712.1m USD
EBITDA TTM = 808.2m USD
Long Term Debt = 1.15b USD (from longTermDebt, last quarter)
Short Term Debt = 102.0m USD (from shortTermDebt, last quarter)
Debt = 1.29b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 1.00b USD (from netDebt column, last quarter)
Enterprise Value = 16.71b USD (15.71b + Debt 1.29b - CCE 293.0m)
Interest Coverage Ratio = 13.66 (Ebit TTM 712.1m / Interest Expense TTM 52.1m)
EV/FCF = 30.58x (Enterprise Value 16.71b / FCF TTM 546.5m)
FCF Yield = 3.27% (FCF TTM 546.5m / Enterprise Value 16.71b)
FCF Margin = 13.09% (FCF TTM 546.5m / Revenue TTM 4.18b)
Net Margin = 12.56% (Net Income TTM 524.7m / Revenue TTM 4.18b)
Gross Margin = 36.64% ((Revenue TTM 4.18b - Cost of Revenue TTM 2.65b) / Revenue TTM)
Gross Margin QoQ = 36.68% (prev 37.25%)
Tobins Q-Ratio = 4.38 (Enterprise Value 16.71b / Total Assets 3.82b)
Interest Expense / Debt = 1.05% (Interest Expense 13.6m / Debt 1.29b)
Taxrate = 26.13% (43.4m / 166.0m)
NOPAT = 526.0m (EBIT 712.1m * (1 - 26.13%))
Current Ratio = 1.71 (Total Current Assets 1.78b / Total Current Liabilities 1.04b)
Debt / Equity = 0.92 (Debt 1.29b / totalStockholderEquity, last quarter 1.41b)
Debt / EBITDA = 1.24 (Net Debt 1.00b / EBITDA 808.2m)
Debt / FCF = 1.83 (Net Debt 1.00b / FCF TTM 546.5m)
Total Stockholder Equity = 1.37b (last 4 quarters mean from totalStockholderEquity)
RoA = 14.03% (Net Income 524.7m / Total Assets 3.82b)
RoE = 38.43% (Net Income TTM 524.7m / Total Stockholder Equity 1.37b)
RoCE = 28.30% (EBIT 712.1m / Capital Employed (Equity 1.37b + L.T.Debt 1.15b))
RoIC = 20.08% (NOPAT 526.0m / Invested Capital 2.62b)
WACC = 9.21% (E(15.71b)/V(17.00b) * Re(9.91%) + D(1.29b)/V(17.00b) * Rd(1.05%) * (1-Tc(0.26)))
Discount Rate = 9.91% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -2.11%
[DCF Debug] Terminal Value 75.06% ; FCFF base≈534.0m ; Y1≈578.2m ; Y5≈717.8m
Fair Price DCF = 164.0 (EV 10.03b - Net Debt 1.00b = Equity 9.03b / Shares 55.0m; r=9.21% [WACC]; 5y FCF grow 9.39% → 2.90% )
EPS Correlation: -30.03 | EPS CAGR: -46.61% | SUE: -4.0 | # QB: 0
Revenue Correlation: 71.72 | Revenue CAGR: 6.29% | SUE: 0.29 | # QB: 0
EPS next Quarter (2026-03-31): EPS=2.53 | Chg30d=+0.014 | Revisions Net=+4 | Analysts=8
EPS next Year (2026-12-31): EPS=10.83 | Chg30d=+0.080 | Revisions Net=+3 | Growth EPS=+11.0% | Growth Revenue=+6.7%