LCLN Stock Analysis: Lincoln International | NYSE
Capital Markets | NYSE, USA | Market Cap: 855m USD | 12M Return: -2.6% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 7.41M
Rev. Trend: 96.6%
Warnings
Tailwinds
Seasonality 0.1 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Lincoln International, Inc. (LCLN) is an independent investment banking advisory firm focused on private capital markets, operating in the United States and internationally. Founded in 1996 and headquartered in Chicago, Illinois, the company conducts business through two main segments: Investment Banking Advisory, which covers capital advisory services (debt advisory, special situations and restructuring, and growth/minority equity) and private funds advisory (structured/continuation vehicles, single asset vehicles, primary funds, and co-investment vehicles); and Valuations and Opinions, which provides portfolio valuations, transaction opinions, board advisory, and disputes advisory services to alternative asset managers and institutional investors. The firm also offers strategic consulting, an executive peer exchange program called Connect, and an agency member network known as FirstChoice, serving clients across the Business Services, Consumer, Healthcare, Industrials, and Technology sectors.
As a fee-based advisory firm, Lincoln International generates revenue primarily through transaction fees, retainer fees, and valuation engagements rather than by taking principal investment positions, a common business model within the capital markets industry. The companys focus on private capital markets and middle-market advisory distinguishes it from large bulge-bracket banks that typically serve larger public-company transactions.
- Private market M&A deal volumes drive advisory segment revenue
- Valuations and Opinions expands with private credit fund mandates
- IPO proceeds fund advisor hiring and platform investment
| Net Income: 214.1m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.23 > 0.02 and ΔFCF/TA 0.91 > 1.0 |
| NWC/Revenue: 8.63% < 20% (prev 42.71%; Δ -34.08% < -1%) |
| CFO/TA 0.23 > 3% & CFO 216.3m > Net Income 214.1m |
| Net Debt (177.5m) to EBITDA (257.7m): 0.69 < 3 |
| Current Ratio: 1.26 > 1.5 & < 3 |
| Outstanding Shares: last fiscal year (102.0m) vs prev 222.3% < -2% |
| Gross Margin: 87.09% > 18% (prev 69.81%; Δ 17.27% > 0.5%) |
| Asset Turnover: 99.42% > 50% (prev 90.41%; Δ 9.01% > 0%) |
| Interest Coverage Ratio: error (cannot be calculated; needs correct EBIT TTM and Interest Expense TTM) |
| A: 0.07 (Total Current Assets 329.1m - Total Current Liabilities 261.5m) / Total Assets 936.6m |
| B: -0.00 (Retained Earnings -2.26m / Total Assets 936.6m) |
| C: 0.28 (EBIT TTM 219.9m / Avg Total Assets 788.4m) |
| D: 0.21 (Book Value of Equity 107.0m / Total Liabilities 506.3m) |
| Altman-Z'' = 2.56 = A |
| DSRI: 0.51 (Receivables 93.6m/136.0m, Revenue 783.8m/578.7m) |
| GMI: 0.80 (GM 69.81% / 87.09%) |
| AQI: 3.41 (AQ_t 0.47 / AQ_t-1 0.14) |
| SGI: 1.35 (Revenue 783.8m / 578.7m) |
| TATA: -0.00 (NI 214.1m - CFO 216.3m) / TA 936.6m) |
| Beneish M = -1.93 (Cap -4..+1) = B |
As of July 08, 2026, the stock is trading at USD 22.45 with a total of 290,590 shares traded. Over the past week, the price has changed by -7.54%, over one month by -3.40%, over three months by -2.60% and over the past year by -2.60%.
Current recommended Stop Loss: 20.40 (which is 9.1% or 1.5 ATR below the current price).
Lincoln International has no consensus analysts rating.
P/S = 1.073
P/B = 7.9917
Revenue TTM = 783.8m USD
EBIT TTM = 219.9m USD
EBITDA TTM = 257.7m USD
Long Term Debt = 102.2m USD (from longTermDebt, last quarter)
Short Term Debt = 24.3m USD (from shortTermDebt, last fiscal year)
Debt = 387.2m USD (from shortLongTermDebtTotal, last quarter) + Leases 142.5m
Net Debt = 177.5m USD (calculated: Debt 387.2m - CCE 209.7m)
Enterprise Value = 1.03b USD (855.2m + Debt 387.2m - CCE 209.7m)
Interest Coverage Ratio = unknown (Ebit TTM 219.9m / Interest Expense TTM 0.0)
EV/FCF = 4.82x (Enterprise Value 1.03b / FCF TTM 214.4m)
FCF Yield = 20.76% (FCF TTM 214.4m / Enterprise Value 1.03b)
FCF Margin = 27.36% (FCF TTM 214.4m / Revenue TTM 783.8m)
Net Margin = 27.32% (Net Income TTM 214.1m / Revenue TTM 783.8m)
Gross Margin = 87.09% ((Revenue TTM 783.8m - Cost of Revenue TTM 101.2m) / Revenue TTM)
Gross Margin QoQ = none% (prev none%)
Tobins Q-Ratio = 1.10 (Enterprise Value 1.03b / Total Assets 936.6m)
Interest Expense / Debt = 0.0% (Interest Expense 0.0 / Debt 387.2m)
Taxrate = 3.22% (64.0k / 1.99m)
NOPAT = 212.8m (EBIT 219.9m * (1 - 3.22%))
Current Ratio = 1.26 (Total Current Assets 329.1m / Total Current Liabilities 261.5m)
Debt / Equity = 3.62 (Debt 387.2m / totalStockholderEquity, last quarter 107.0m)
Debt / EBITDA = 0.69 (Net Debt 177.5m / EBITDA 257.7m)
Debt / FCF = 0.83 (Net Debt 177.5m / FCF TTM 214.4m)
Total Stockholder Equity = 431.2m (last fiscal year from totalStockholderEquity)
RoA = 27.16% (Net Income 214.1m / Total Assets 936.6m)
RoE = 49.66% (Net Income TTM 214.1m / Total Stockholder Equity 431.2m)
RoCE = 41.22% (EBIT 219.9m / Capital Employed (Equity 431.2m + L.T.Debt 102.2m))
RoIC = 32.23% (NOPAT 212.8m / Invested Capital 660.3m)
WACC = 0.0% (E(855.2m)/V(1.24b) * Re(0.0%) + D(387.2m)/V(1.24b) * Rd(0.0%) * (1-Tc(0.03)))
Discount Rate = 5.29% (= Risk Free + ERP)
[DCF] Terminal Value 77.97% ; FCFF base≈185.0m ; Y1≈212.0m ; Y5≈312.0m
[DCF] Fair Price = 130.1 (EV 4.70b - Net Debt 177.5m = Equity 4.52b / Shares 34.7m; r=8.35% [Cost of Equity (WACC unavailable) [floored]]; 5y FCF grow 15.0% → 2.50% )
Revenue Correlation: 96.55 | Revenue CAGR: 22.97% | SUE: N/A | # QB: 0
EPS current Quarter (2026-09-30): EPS=0.27 | Chg30d=N/A | Revisions=+0% | Analysts=6
EPS current Year (2026-12-31): EPS=1.23 | Chg30d=N/A | Revisions=+0% | GrowthEPS=+0.0% | GrowthRev=+19.2%
EPS next Year (2027-12-31): EPS=1.73 | Chg30d=N/A | Revisions=+0% | GrowthEPS=+40.5% | GrowthRev=+19.5%
[Analyst] Revisions Ratio: +0% (up=0, down=0)