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): -55.88%
EPS Trend (3Y Correlation): -40.3%

LECO Revenue

Revenue Growth (3Y CAGR): 5.68%
Revenue Trend (3Y Correlation): 45.4%

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	13,345m
Sub-Industry	Industrial Machinery & Supplies & Components
IPO / Inception	1995-06-13

LECO Stock Ratings

Growth Rating	77.5%
Fundamental	76.4%
Dividend Rating	66.1%
Return 12m vs S&P 500	2.39%
Analyst Rating	3.90 of 5

LECO Dividends

Dividend Yield 12m	1.61%
Yield on Cost 5y	3.90%
Annual Growth 5y	9.82%
Payout Consistency	100.0%
Payout Ratio	31.7%

LECO Growth Ratios

Growth Correlation 3m	-40.5%
Growth Correlation 12m	61.5%
Growth Correlation 5y	89.9%
CAGR 5y	21.34%
CAGR/Max DD 3y (Calmar Ratio)	0.62
CAGR/Mean DD 3y (Pain Ratio)	1.74
Sharpe Ratio 12m	-0.24
Alpha	0.88
Beta	1.210
Volatility	32.29%
Current Volume	628.7k
Average Volume 20d	309.7k
Stop Loss	228.9 (-3%)
Signal	0.87

Piotroski VR‑10 (Strict, 0-10) 7.0

Net Income (502.9m TTM) > 0 and > 6% of Revenue (6% = 245.9m TTM)

FCFTA 0.14 (>2.0%) and ΔFCFTA -2.53pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue 17.08% (prev 20.27%; Δ -3.19pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.17 (>3.0%) and CFO 624.5m > Net Income 502.9m (YES >=105%, WARN >=100%)

Net Debt (1.06b) to EBITDA (758.8m) ratio: 1.40 <= 3.0 (WARN <= 3.5)

Current Ratio 1.68 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (56.2m) change vs 12m ago -1.96% (target <= -2.0% for YES)

Gross Margin 36.39% (prev 36.34%; Δ 0.05pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 114.8% (prev 119.9%; Δ -5.08pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 13.66 (EBITDA TTM 758.8m / Interest Expense TTM 50.4m) >= 6 (WARN >= 3)

Altman Z'' 7.95

(A) 0.19 = (Total Current Assets 1.73b - Total Current Liabilities 1.03b) / Total Assets 3.73b

(B) 1.12 = Retained Earnings (Balance) 4.17b / Total Assets 3.73b

warn (B) unusual magnitude: 1.12 — check mapping/units

(D) 1.69 = Book Value of Equity 3.97b / Total Liabilities 2.35b

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

ValueRay F-Score (Strict, 0-100) 76.39

1. Piotroski 7.0pt = 2.0

2. FCF Yield 3.50% = 1.75

3. FCF Margin 12.32% = 3.08

4. Debt/Equity 0.99 = 2.03

5. Debt/Ebitda 1.40 = 1.14

6. ROIC - WACC (= 11.07)% = 12.50

7. RoE 37.34% = 2.50

8. Rev. Trend 45.42% = 3.41

9. EPS Trend -40.32% = -2.02

What is the price of LECO shares?

As of November 01, 2025, the stock is trading at USD 236.10 with a total of 628,712 shares traded.
Over the past week, the price has changed by -2.52%, over one month by +1.02%, over three months by +6.06% and over the past year by +21.47%.

Is Lincoln Electric Holdings a good stock to buy?

Partly, yes. Based on ValueRay´s Fundamental Analyses, Lincoln Electric Holdings (NASDAQ:LECO) is currently (November 2025) ok to buy, but has to be watched. It has a ValueRay Fundamental Rating of 76.39 and therefor a somewhat positive outlook according to the companies health.
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of LECO is around 250.99 USD . This means that LECO is currently overvalued and has a potential downside of 6.31%.

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	259.7	10%
Analysts Target Price	259.7	10%
ValueRay Target Price	282.6	19.7%

LECO Fundamental Data Overview October 27, 2025

Market Cap USD = 13.34b (13.34b USD * 1.0 USD.USD)
P/E Trailing = 27.1697
P/E Forward = 22.1729
P/S = 3.2557
P/B = 9.2667
P/EG = 1.5771
Beta = 1.21
Revenue TTM = 4.10b USD
EBIT TTM = 689.0m USD
EBITDA TTM = 758.8m USD
Long Term Debt = 1.15b USD (from longTermDebt, last quarter)
Short Term Debt = 118.7m USD (from shortTermDebt, last quarter)
Debt = 1.36b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 1.06b USD (from netDebt column, last quarter)
Enterprise Value = 14.41b USD (13.34b + Debt 1.36b - CCE 299.5m)
Interest Coverage Ratio = 13.66 (Ebit TTM 689.0m / Interest Expense TTM 50.4m)
FCF Yield = 3.50% (FCF TTM 504.9m / Enterprise Value 14.41b)
FCF Margin = 12.32% (FCF TTM 504.9m / Revenue TTM 4.10b)
Net Margin = 12.27% (Net Income TTM 502.9m / Revenue TTM 4.10b)
Gross Margin = 36.39% ((Revenue TTM 4.10b - Cost of Revenue TTM 2.61b) / Revenue TTM)
Gross Margin QoQ = 37.25% (prev 36.39%)
Tobins Q-Ratio = 3.86 (Enterprise Value 14.41b / Total Assets 3.73b)
Interest Expense / Debt = 1.10% (Interest Expense 15.0m / Debt 1.36b)
Taxrate = 21.88% (40.2m / 183.6m)
NOPAT = 538.2m (EBIT 689.0m * (1 - 21.88%))
Current Ratio = 1.68 (Total Current Assets 1.73b / Total Current Liabilities 1.03b)
Debt / Equity = 0.99 (Debt 1.36b / totalStockholderEquity, last quarter 1.38b)
Debt / EBITDA = 1.40 (Net Debt 1.06b / EBITDA 758.8m)
Debt / FCF = 2.10 (Net Debt 1.06b / FCF TTM 504.9m)
Total Stockholder Equity = 1.35b (last 4 quarters mean from totalStockholderEquity)
RoA = 13.49% (Net Income 502.9m / Total Assets 3.73b)
RoE = 37.34% (Net Income TTM 502.9m / Total Stockholder Equity 1.35b)
RoCE = 27.59% (EBIT 689.0m / Capital Employed (Equity 1.35b + L.T.Debt 1.15b))
RoIC = 20.65% (NOPAT 538.2m / Invested Capital 2.61b)
WACC = 9.58% (E(13.34b)/V(14.71b) * Re(10.47%) + D(1.36b)/V(14.71b) * Rd(1.10%) * (1-Tc(0.22)))
Discount Rate = 10.47% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -1.45%
[DCF Debug] Terminal Value 71.14% ; FCFE base≈522.5m ; Y1≈559.2m ; Y5≈679.4m
Fair Price DCF = 145.0 (DCF Value 8.00b / Shares Outstanding 55.2m; 5y FCF grow 7.84% → 3.0% )
EPS Correlation: -40.32 | EPS CAGR: -55.88% | SUE: -4.0 | # QB: 0
Revenue Correlation: 45.42 | Revenue CAGR: 5.68% | SUE: 1.46 | # QB: 1

Additional Sources for LECO Stock

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