(LINC) Lincoln Educational - Overview
Stock: Automotive, Skilled-Trades, Health-Science, Information-Technology, Certificates
EPS (Earnings per Share)
Revenue
| Risk 5d forecast | |
|---|---|
| Volatility | 45.4% |
| Relative Tail Risk | -13.5% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.95 |
| Alpha | 37.57 |
| Character TTM | |
|---|---|
| Beta | 0.865 |
| Beta Downside | 0.992 |
| Drawdowns 3y | |
|---|---|
| Max DD | 27.35% |
| CAGR/Max DD | 2.23 |
Description: LINC Lincoln Educational December 25, 2025
Lincoln Educational Services Corp. (NASDAQ:LINC) delivers career-focused post-secondary programs to high-school graduates and adult learners across the United States, operating under the Lincoln Technical Institute, Lincoln College of Technology, and Nashville Auto Diesel College brands. Its business is split between Campus Operations (traditional brick-and-mortar locations) and Transitional (online or hybrid delivery), offering associate degrees, diplomas, and certificates in automotive technology, skilled trades (e.g., electrical, HVAC, welding, CNC), health sciences, and information technology.
According to the most recent 10-K (FY 2023), the company reported approximately $260 million in total revenue, with a net tuition margin of roughly 12 % and an enrollment base of about 15,000 students-a modest decline of 3 % year-over-year, reflecting broader demographic headwinds in the 18-24 age cohort.
Key economic drivers for LINC include the persistent U.S. skilled-trade labor shortage, which fuels demand for vocational training, and the continued availability of federal financial aid (e.g., Pell Grants and GI Bill benefits) that subsidizes tuition for many students. Additionally, the sector’s growth is tied to macro trends such as rising construction activity and the electrification of vehicles, both of which expand the need for electricians, HVAC technicians, and automotive technicians.
For a deeper, data-driven view of LINC’s valuation metrics, you might explore the company’s profile on ValueRay.
Piotroski VR‑10 (Strict, 0-10) 5.0
| Net Income: 14.1m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.10 > 0.02 and ΔFCF/TA -4.29 > 1.0 |
| NWC/Revenue: -3.75% < 20% (prev 9.92%; Δ -13.67% < -1%) |
| CFO/TA 0.10 > 3% & CFO 46.1m > Net Income 14.1m |
| Net Debt (182.2m) to EBITDA (40.0m): 4.55 < 3 |
| Current Ratio: 0.81 > 1.5 & < 3 |
| Outstanding Shares: last quarter (31.3m) vs 12m ago 0.89% < -2% |
| Gross Margin: 60.26% > 18% (prev 0.58%; Δ 5968 % > 0.5%) |
| Asset Turnover: 113.6% > 50% (prev 104.7%; Δ 8.86% > 0%) |
| Interest Coverage Ratio: 7.53 > 6 (EBITDA TTM 40.0m / Interest Expense TTM 3.18m) |
Altman Z'' 1.22
| A: -0.04 (Total Current Assets 77.3m - Total Current Liabilities 95.9m) / Total Assets 466.9m |
| B: 0.19 (Retained Earnings 86.5m / Total Assets 466.9m) |
| C: 0.05 (EBIT TTM 23.9m / Avg Total Assets 435.5m) |
| D: 0.48 (Book Value of Equity 134.9m / Total Liabilities 281.1m) |
| Altman-Z'' Score: 1.22 = BB |
Beneish M -3.17
| DSRI: 0.85 (Receivables 52.6m/53.1m, Revenue 494.7m/423.2m) |
| GMI: 0.96 (GM 60.26% / 58.02%) |
| AQI: 0.95 (AQ_t 0.13 / AQ_t-1 0.14) |
| SGI: 1.17 (Revenue 494.7m / 423.2m) |
| TATA: -0.07 (NI 14.1m - CFO 46.1m) / TA 466.9m) |
| Beneish M-Score: -3.17 (Cap -4..+1) = AA |
What is the price of LINC shares?
Over the past week, the price has changed by -1.99%, over one month by +5.07%, over three months by +46.72% and over the past year by +46.72%.
Is LINC a buy, sell or hold?
- StrongBuy: 4
- Buy: 1
- Hold: 0
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the LINC price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 28.2 | 7.9% |
| Analysts Target Price | 28.2 | 7.9% |
| ValueRay Target Price | 38.3 | 46.4% |
LINC Fundamental Data Overview February 02, 2026
P/E Forward = 30.303
P/S = 1.7041
P/B = 4.538
P/EG = 2.0205
Revenue TTM = 494.7m USD
EBIT TTM = 23.9m USD
EBITDA TTM = 40.0m USD
Long Term Debt = 8.00m USD (from longTermDebt, last quarter)
Short Term Debt = 10.5m USD (from shortTermDebt, last quarter)
Debt = 195.7m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 182.2m USD (from netDebt column, last quarter)
Enterprise Value = 1.03b USD (843.1m + Debt 195.7m - CCE 13.5m)
Interest Coverage Ratio = 7.53 (Ebit TTM 23.9m / Interest Expense TTM 3.18m)
EV/FCF = -21.91x (Enterprise Value 1.03b / FCF TTM -46.8m)
FCF Yield = -4.56% (FCF TTM -46.8m / Enterprise Value 1.03b)
FCF Margin = -9.46% (FCF TTM -46.8m / Revenue TTM 494.7m)
Net Margin = 2.86% (Net Income TTM 14.1m / Revenue TTM 494.7m)
Gross Margin = 60.26% ((Revenue TTM 494.7m - Cost of Revenue TTM 196.6m) / Revenue TTM)
Gross Margin QoQ = 59.49% (prev 59.83%)
Tobins Q-Ratio = 2.20 (Enterprise Value 1.03b / Total Assets 466.9m)
Interest Expense / Debt = 0.51% (Interest Expense 991.0k / Debt 195.7m)
Taxrate = 28.24% (1.50m / 5.29m)
NOPAT = 17.2m (EBIT 23.9m * (1 - 28.24%))
Current Ratio = 0.81 (Total Current Assets 77.3m / Total Current Liabilities 95.9m)
Debt / Equity = 1.05 (Debt 195.7m / totalStockholderEquity, last quarter 185.9m)
Debt / EBITDA = 4.55 (Net Debt 182.2m / EBITDA 40.0m)
Debt / FCF = -3.89 (negative FCF - burning cash) (Net Debt 182.2m / FCF TTM -46.8m)
Total Stockholder Equity = 180.6m (last 4 quarters mean from totalStockholderEquity)
RoA = 3.24% (Net Income 14.1m / Total Assets 466.9m)
RoE = 7.82% (Net Income TTM 14.1m / Total Stockholder Equity 180.6m)
RoCE = 12.68% (EBIT 23.9m / Capital Employed (Equity 180.6m + L.T.Debt 8.00m))
RoIC = 9.24% (NOPAT 17.2m / Invested Capital 185.9m)
WACC = 7.45% (E(843.1m)/V(1.04b) * Re(9.10%) + D(195.7m)/V(1.04b) * Rd(0.51%) * (1-Tc(0.28)))
Discount Rate = 9.10% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 0.76%
Fair Price DCF = unknown (Cash Flow -46.8m)
EPS Correlation: 0.50 | EPS CAGR: 1.45% | SUE: -4.0 | # QB: 0
Revenue Correlation: 94.04 | Revenue CAGR: 13.54% | SUE: 4.0 | # QB: 11
EPS next Quarter (2026-03-31): EPS=0.07 | Chg30d=+0.020 | Revisions Net=-1 | Analysts=2
EPS next Year (2026-12-31): EPS=0.84 | Chg30d=+0.075 | Revisions Net=-2 | Growth EPS=+2.4% | Growth Revenue=+9.5%