Overview Dividends

(LECO) Lincoln Electric Holdings - Ratings and Ratios

Exchange: NASDAQ • Country: United States • Currency: USD • Type: Common Stock • ISIN: US5339001068

Welding Equipment, Cutting Systems, Consumables, Automation

LECO EPS (Earnings per Share)

EPS Growth (3Y CAGR): 9.18%
EPS Trend (3Y Correlation): 50.9%

LECO Revenue

Revenue Growth (3Y CAGR): 4.88%
Revenue Trend (3Y Correlation): 36.3%

Risk via 10d forecast
Volatility	29.0%
Value at Risk 5%th	44.3%
Relative Tail Risk	-7.09%

Reward TTM
Sharpe Ratio	0.25
Alpha	-8.61

Character TTM
Hurst Exponent	0.322
Beta	1.064
Beta Downside	1.066

Drawdowns 3y
Max DD	34.29%
Mean DD	12.37%
Median DD	10.17%

Description: LECO Lincoln Electric Holdings October 30, 2025

Lincoln Electric Holdings, Inc. (NASDAQ: LECO) designs, manufactures and sells a broad portfolio of welding, cutting and brazing solutions-including arc-welding equipment, plasma cutters, fume-control systems, specialty consumables and mobile power units-through three operating segments: Americas Welding, International Welding and The Harris Products Group.

The company serves a diversified set of end-markets such as general fabrication, oil & gas, power generation, automotive, construction, shipbuilding and heavy-equipment maintenance, reaching customers directly, via industrial distributors and retail channels. Its product mix now also includes automation-focused offerings like autonomous guided vehicles, mobile robots and proprietary manufacturing-execution software.

Key financial and market indicators (FY 2023): revenue of roughly $1.6 billion, operating margin near 10 %, free-cash-flow conversion above 30 %, and a dividend yield of ~1.2 % supported by a disciplined share-repurchase program. The firm’s performance is sensitive to cyclical demand in oil-field services and construction, while long-term growth is driven by the broader industrial automation trend and the shift toward renewable-energy infrastructure that raises demand for high-productivity welding solutions.

For a deeper quantitative assessment of LECO’s valuation metrics and scenario analysis, the ValueRay platform offers a transparent model worth exploring.

LECO Stock Overview

Market Cap in USD	12,901m
Sub-Industry	Industrial Machinery & Supplies & Components
IPO / Inception	1995-06-13
Return 12m vs S&P 500	-3.87%
Analyst Rating	3.90 of 5

LECO Dividends

Dividend Yield	1.67%
Yield on Cost 5y	3.47%
Yield CAGR 5y	9.82%
Payout Consistency	100.0%
Payout Ratio	30.6%

LECO Growth Ratios

CAGR 3y	17.09%
CAGR/Max DD Calmar Ratio	0.50
CAGR/Mean DD Pain Ratio	1.38
Current Volume	285.6k
Average Volume	318.5k

Piotroski VR‑10 (Strict, 0-10) 8.0

Net Income (524.7m TTM) > 0 and > 6% of Revenue (6% = 250.6m TTM)

FCFTA 0.14 (>2.0%) and ΔFCFTA 0.27pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue 17.73% (prev 19.92%; Δ -2.19pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.17 (>3.0%) and CFO 662.0m > Net Income 524.7m (YES >=105%, WARN >=100%)

Net Debt (1.03b) to EBITDA (808.2m) ratio: 1.28 <= 3.0 (WARN <= 3.5)

Current Ratio 1.71 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (55.5m) change vs 12m ago -2.77% (target <= -2.0% for YES)

Gross Margin 36.64% (prev 36.55%; Δ 0.09pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 111.7% (prev 110.4%; Δ 1.30pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 13.66 (EBITDA TTM 808.2m / Interest Expense TTM 52.1m) >= 6 (WARN >= 3)

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 (Balance) 4.25b / Total Assets 3.82b

warn (B) unusual magnitude: 1.11 — check mapping/units

(D) 1.69 = Book Value of Equity 4.05b / Total Liabilities 2.40b

Total Rating: 7.95 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 81.92

1. Piotroski 8.0pt = 3.0

2. FCF Yield 3.92% = 1.96

3. FCF Margin 13.09% = 3.27

4. Debt/Equity 0.94 = 2.08

5. Debt/Ebitda 1.28 = 1.34

6. ROIC - WACC (= 10.61)% = 12.50

7. RoE 38.43% = 2.50

8. Rev. Trend 36.27% = 2.72

9. EPS Trend 50.92% = 2.55

What is the price of LECO shares?

As of November 15, 2025, the stock is trading at USD 227.14 with a total of 285,571 shares traded.
Over the past week, the price has changed by +0.06%, over one month by -2.48%, over three months by -7.16% and over the past year by +9.49%.

Is Lincoln Electric Holdings a good stock to buy?

Yes, based on ValueRay´s Fundamental Analyses, Lincoln Electric Holdings (NASDAQ:LECO) is currently (November 2025) a good stock to buy. It has a ValueRay Fundamental Rating of 81.92 and therefor a positive outlook according to the companies health.
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of LECO is around 221.23 USD . This means that LECO is currently overvalued and has a potential downside of -2.6%.

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.

Strong Buy: 5
Buy: 1
Hold: 3
Sell: 0
Strong Sell: 1

What are the forecasts/targets for the LECO price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	260.6	14.7%
Analysts Target Price	260.6	14.7%
ValueRay Target Price	249	9.6%

LECO Fundamental Data Overview November 02, 2025

Market Cap USD = 12.90b (12.90b USD * 1.0 USD.USD)
P/E Trailing = 25.1286
P/E Forward = 22.1729
P/S = 3.0891
P/B = 9.2667
P/EG = 1.5771
Beta = 1.21
Revenue TTM = 4.18b USD
EBIT TTM = 712.1m USD
EBITDA TTM = 808.2m USD
Long Term Debt = 1.15b USD (from longTermDebt, last fiscal year)
Short Term Debt = 88.2m USD (from shortTermDebt, last quarter)
Debt = 1.33b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 1.03b USD (from netDebt column, last quarter)
Enterprise Value = 13.93b USD (12.90b + Debt 1.33b - CCE 293.0m)
Interest Coverage Ratio = 13.66 (Ebit TTM 712.1m / Interest Expense TTM 52.1m)
FCF Yield = 3.92% (FCF TTM 546.5m / Enterprise Value 13.93b)
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 = 3.65 (Enterprise Value 13.93b / Total Assets 3.82b)
Interest Expense / Debt = 1.03% (Interest Expense 13.6m / Debt 1.33b)
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 = 0.94 (Debt 1.33b / totalStockholderEquity, last quarter 1.41b)
Debt / EBITDA = 1.28 (Net Debt 1.03b / EBITDA 808.2m)
Debt / FCF = 1.89 (Net Debt 1.03b / FCF TTM 546.5m)
Total Stockholder Equity = 1.37b (last 4 quarters mean from totalStockholderEquity)
RoA = 13.75% (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 = 20.17% (NOPAT 526.0m / Invested Capital 2.61b)
WACC = 9.56% (E(12.90b)/V(14.23b) * Re(10.47%) + D(1.33b)/V(14.23b) * Rd(1.03%) * (1-Tc(0.26)))
Discount Rate = 10.47% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -2.11%
[DCF Debug] Terminal Value 71.35% ; FCFE base≈534.0m ; Y1≈578.3m ; Y5≈719.5m
Fair Price DCF = 153.6 (DCF Value 8.45b / Shares Outstanding 55.0m; 5y FCF grow 9.39% → 3.0% )
EPS Correlation: 50.92 | EPS CAGR: 9.18% | SUE: 0.25 | # QB: 0
Revenue Correlation: 36.27 | Revenue CAGR: 4.88% | SUE: 0.29 | # QB: 0

Additional Sources for LECO Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
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Fund Manager Positions: Dataroma | Stockcircle