(LINC) Lincoln Educational - Overview
Sector: Consumer Defensive | Industry: Education & Training Services | Exchange: NASDAQ (USA) | Market Cap: 1.469m USD | Total Return: 100.7% in 12m
Avg Turnover: 27.8M
EPS Trend: 93.5%
Qual. Beats: 5
Rev. Trend: 99.6%
Qual. Beats: 13
Warnings
Below Avwap Earnings
Tailwinds
Rs Leader, Idiosyncratic Leader, Pead
Lincoln Educational Services Corporation (NASDAQ: LINC) provides career-oriented postsecondary education across the United States, targeting high school graduates and working adults. The company operates through its Campus Operations and Transitional segments, offering diplomas, certificates, and associate’s degrees under brands such as Lincoln Technical Institute and Lincoln College of Technology.
The business model focuses on vocational training for essential sectors, including automotive technology, skilled trades like welding and HVAC repair, and health sciences. Unlike traditional liberal arts institutions, for-profit vocational schools like LINC rely heavily on Title IV federal funding and alignment with specific labor market shortages to drive enrollment.
The company’s geographic footprint is concentrated in the skilled trades sector, which currently faces a significant national workforce gap as older technicians retire. Investors looking for deeper fundamental analysis of these trends should examine the latest data on ValueRay. Founded in 1946 and headquartered in New Jersey, LINC remains a long-standing provider in the specialized technical education space.
- Skilled trades labor shortage drives robust student enrollment and tuition growth
- New campus expansions and facility modernizations increase long-term student capacity
- Department of Education regulatory compliance impacts federal financial aid eligibility
- Rising instructional and facility costs pressure operating margins and profitability
- Corporate partnerships with industrial employers secure high graduate placement rates
| Net Income: 22.4m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.02 > 0.02 and ΔFCF/TA 7.30 > 1.0 |
| NWC/Revenue: -2.92% < 20% (prev 0.72%; Δ -3.64% < -1%) |
| CFO/TA 0.15 > 3% & CFO 72.3m > Net Income 22.4m |
| Net Debt (189.9m) to EBITDA (57.8m): 3.28 < 3 |
| Current Ratio: 0.83 > 1.5 & < 3 |
| Outstanding Shares: last quarter (31.3m) vs 12m ago 0.83% < -2% |
| Gross Margin: 60.28% > 18% (prev 0.59%; Δ 5.97k% > 0.5%) |
| Asset Turnover: 119.2% > 50% (prev 106.3%; Δ 12.90% > 0%) |
| Interest Coverage Ratio: 9.38 > 6 (EBITDA TTM 57.8m / Interest Expense TTM 3.53m) |
| A: -0.03 (Total Current Assets 76.4m - Total Current Liabilities 92.3m) / Total Assets 486.7m |
| B: 0.21 (Retained Earnings 103.5m / Total Assets 486.7m) |
| C: 0.07 (EBIT TTM 33.1m / Avg Total Assets 457.1m) |
| D: 0.53 (Book Value of Equity 151.7m / Total Liabilities 287.9m) |
| Altman-Z'' = 1.52 = BB |
| DSRI: 1.10 (Receivables 62.4m/47.3m, Revenue 544.7m/454.2m) |
| GMI: 0.98 (GM 60.28% / 59.02%) |
| AQI: 0.87 (AQ_t 0.11 / AQ_t-1 0.13) |
| SGI: 1.20 (Revenue 544.7m / 454.2m) |
| TATA: -0.10 (NI 22.4m - CFO 72.3m) / TA 486.7m) |
| Beneish M = -3.00 (Cap -4..+1) = AA |
As of June 01, 2026, the stock is trading at USD 46.32 with a total of 627,467 shares traded.
Over the past week, the price has changed by -1.11%,
over one month by +12.59%,
over three months by +25.77% and
over the past year by +100.69%.
Lincoln Educational has received a consensus analysts rating of 4.80. Therefore, it is recommended to buy LINC.
- StrongBuy: 4
- Buy: 1
- Hold: 0
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 57.4 | 23.9% |
P/E Trailing = 64.3333
P/E Forward = 62.1118
P/S = 2.8012
P/B = 7.8094
P/EG = 4.1308
Revenue TTM = 544.7m USD
EBIT TTM = 33.1m USD
EBITDA TTM = 57.8m USD
Long Term Debt = 5.00m USD (from longTermDebt, last quarter)
Short Term Debt = 10.9m USD (from shortTermDebt, last quarter)
Debt = 206.6m USD (from shortLongTermDebtTotal, last quarter) (leases 201.6m already included)
Net Debt = 189.9m USD (calculated: Debt 206.6m - CCE 16.7m)
Enterprise Value = 1.66b USD (1.47b + Debt 206.6m - CCE 16.7m)
Interest Coverage Ratio = 9.38 (Ebit TTM 33.1m / Interest Expense TTM 3.53m)
EV/FCF = -181.9x (Enterprise Value 1.66b / FCF TTM -9.12m)
FCF Yield = -0.55% (FCF TTM -9.12m / Enterprise Value 1.66b)
FCF Margin = -1.67% (FCF TTM -9.12m / Revenue TTM 544.7m)
Net Margin = 4.11% (Net Income TTM 22.4m / Revenue TTM 544.7m)
Gross Margin = 60.28% ((Revenue TTM 544.7m - Cost of Revenue TTM 216.4m) / Revenue TTM)
Gross Margin QoQ = 59.44% (prev 62.27%)
Tobins Q-Ratio = 3.41 (Enterprise Value 1.66b / Total Assets 486.7m)
Interest Expense / Debt = 1.71% (Interest Expense 3.53m / Debt 206.6m)
Taxrate = 22.21% (1.24m / 5.60m)
NOPAT = 25.8m (EBIT 33.1m * (1 - 22.21%))
Current Ratio = 0.83 (Total Current Assets 76.4m / Total Current Liabilities 92.3m)
Debt / Equity = 1.04 (Debt 206.6m / totalStockholderEquity, last quarter 198.8m)
Debt / EBITDA = 3.28 (Net Debt 189.9m / EBITDA 57.8m)
Debt / FCF = -20.81 (negative FCF - burning cash) (Net Debt 189.9m / FCF TTM -9.12m)
Total Stockholder Equity = 191.3m (last 4 quarters mean from totalStockholderEquity)
RoA = 4.90% (Net Income 22.4m / Total Assets 486.7m)
RoE = 11.72% (Net Income TTM 22.4m / Total Stockholder Equity 191.3m)
RoCE = 16.88% (EBIT 33.1m / Capital Employed (Equity 191.3m + L.T.Debt 5.00m))
RoIC = 6.63% (NOPAT 25.8m / Invested Capital 388.7m)
WACC = 7.65% (E(1.47b)/V(1.68b) * Re(8.54%) + D(206.6m)/V(1.68b) * Rd(1.71%) * (1-Tc(0.22)))
Discount Rate = 8.54% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 77.78 | Cagr: 0.70%
[DCF] Fair Price = unknown (Cash Flow -9.12m)
EPS Correlation: 93.50 | EPS CAGR: 30.56% | SUE: 3.28 | # QB: 5
Revenue Correlation: 99.65 | Revenue CAGR: 16.25% | SUE: 2.15 | # QB: 13
EPS current Quarter (2026-06-30): EPS=-0.01 | Chg30d=-110.00% | Revisions=N/A | Analysts=5
EPS next Quarter (2026-09-30): EPS=0.17 | Chg30d=+4.69% | Revisions=N/A | Analysts=4
EPS current Year (2026-12-31): EPS=0.75 | Chg30d=+3.19% | Revisions=N/A | GrowthEPS=-16.9% | GrowthRev=+14.7%
EPS next Year (2027-12-31): EPS=1.09 | Chg30d=+2.72% | Revisions=+20% | GrowthEPS=+45.2% | GrowthRev=+9.1%
[Analyst] Revisions Ratio: +20%