(LNC) Lincoln National - Ratings and Ratios
Life Insurance, Annuities, Group Protection, Retirement Plan Services
LNC EPS (Earnings per Share)
LNC Revenue
Description: LNC Lincoln National
Lincoln National Corporation is a multifaceted insurance and retirement business operating in the United States, segmented into Life Insurance, Annuities, Group Protection, and Retirement Plan Services. The company offers a diverse range of products, including various life insurance policies, annuities, and retirement plans, catering to both individual and group needs.
The companys product portfolio includes term insurance, universal life insurance, variable universal life insurance, and linked-benefit products, as well as annuities that are variable, fixed, or registered index-linked. Additionally, Lincoln National provides group non-medical insurance products, such as disability benefits, life insurance, and accident insurance, to the employer marketplace. Its Retirement Plan Services segment supports employers with defined contribution retirement plans, offering services like plan recordkeeping, compliance testing, and participant education.
To evaluate Lincoln Nationals performance, key performance indicators (KPIs) such as revenue growth, net income margin, return on equity (RoE), and the dividend payout ratio can be considered. With a RoE of 15.94%, the company demonstrates a relatively strong ability to generate profits from shareholders equity. The price-to-earnings (P/E) ratio of 4.89 and forward P/E of 4.96 indicate the markets expectation of the companys future earnings growth. Furthermore, the companys market capitalization stands at approximately $5.9 billion, categorizing it as a mid-cap entity.
Lincoln Nationals distribution network spans across various channels, including consultants, brokers, financial advisors, and third-party administrators, facilitating the reach of its products to a broad customer base. As a longstanding institution founded in 1905, the company has established a significant presence in the U.S. insurance and retirement services market.
To further assess Lincoln Nationals standing, comparing its KPIs with industry averages and competitors can provide insights into its relative performance. Key metrics to examine include the companys asset yield, interest spread, and operating expenses as a percentage of revenue, which can help in understanding its operational efficiency and profitability.
LNC Stock Overview
| Market Cap in USD | 7,212m |
| Sub-Industry | Life & Health Insurance |
| IPO / Inception | 1984-10-05 |
LNC Stock Ratings
| Growth Rating | 13.6% |
| Fundamental | 51.5% |
| Dividend Rating | 58.2% |
| Return 12m vs S&P 500 | 7.78% |
| Analyst Rating | 3.08 of 5 |
LNC Dividends
| Dividend Yield 12m | 5.04% |
| Yield on Cost 5y | 6.49% |
| Annual Growth 5y | 2.38% |
| Payout Consistency | 70.1% |
| Payout Ratio | 22.7% |
LNC Growth Ratios
| Growth Correlation 3m | 53.7% |
| Growth Correlation 12m | 61.7% |
| Growth Correlation 5y | -48.2% |
| CAGR 5y | -1.29% |
| CAGR/Max DD 3y (Calmar Ratio) | -0.02 |
| CAGR/Mean DD 3y (Pain Ratio) | -0.03 |
| Sharpe Ratio 12m | 0.60 |
| Alpha | 8.91 |
| Beta | 1.443 |
| Volatility | 34.81% |
| Current Volume | 1489.4k |
| Average Volume 20d | 1489.4k |
| Stop Loss | 36.8 (-3.3%) |
| Signal | -0.90 |
Piotroski VR‑10 (Strict, 0-10) 3.0
| Net Income (1.14b TTM) > 0 and > 6% of Revenue (6% = 1.16b TTM) |
| FCFTA 0.00 (>2.0%) and ΔFCFTA 1.30pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue -52.23% (prev 291.7%; Δ -344.0pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.00 (>3.0%) and CFO 936.0m <= Net Income 1.14b (YES >=105%, WARN >=100%) |
| Net Debt (-1.38b) to EBITDA (1.30b) ratio: -1.06 <= 3.0 (WARN <= 3.5) |
| Current Ratio 0.42 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (180.6m) change vs 12m ago 5.55% (target <= -2.0% for YES) |
| Gross Margin 98.71% (prev 69.56%; Δ 29.15pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 5.10% (prev 3.41%; Δ 1.69pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio -2.35 (EBITDA TTM 1.30b / Interest Expense TTM 262.0m) >= 6 (WARN >= 3) |
Altman Z'' -0.10
| (A) -0.03 = (Total Current Assets 7.14b - Total Current Liabilities 17.21b) / Total Assets 370.62b |
| (B) 0.02 = Retained Earnings (Balance) 7.41b / Total Assets 370.62b |
| (C) -0.00 = EBIT TTM -615.0m / Avg Total Assets 377.58b |
| (D) 0.02 = Book Value of Equity 8.56b / Total Liabilities 361.08b |
| Total Rating: -0.10 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 51.49
| 1. Piotroski 3.0pt = -2.0 |
| 2. FCF Yield 16.04% = 5.0 |
| 3. FCF Margin 4.86% = 1.21 |
| 4. Debt/Equity 0.60 = 2.32 |
| 5. Debt/Ebitda -1.06 = 2.50 |
| 6. ROIC - WACC (= -10.16)% = -12.50 |
| 7. RoE 12.97% = 1.08 |
| 8. Rev. Trend 13.05% = 0.98 |
| 9. EPS Trend 57.90% = 2.89 |
What is the price of LNC shares?
Over the past week, the price has changed by -4.41%, over one month by -8.72%, over three months by +10.91% and over the past year by +21.92%.
Is Lincoln National a good stock to buy?
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of LNC is around 39.59 USD . This means that LNC is currently overvalued and has a potential downside of 4.07%.
Is LNC a buy, sell or hold?
- Strong Buy: 1
- Buy: 0
- Hold: 10
- Sell: 1
- Strong Sell: 0
What are the forecasts/targets for the LNC price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 43.4 | 14.1% |
| Analysts Target Price | 43.4 | 14.1% |
| ValueRay Target Price | 43.4 | 14% |
Last update: 2025-10-13 02:04
LNC Fundamental Data Overview
P/E Trailing = 6.3506
P/E Forward = 5.2329
P/S = 0.3998
P/B = 0.8934
P/EG = 1.24
Beta = 1.443
Revenue TTM = 19.27b USD
EBIT TTM = -615.0m USD
EBITDA TTM = 1.30b USD
Long Term Debt = 5.77b USD (from longTermDebt, last quarter)
Short Term Debt = 300.0m USD (from shortTermDebt, last fiscal year)
Debt = 5.77b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -1.38b USD (from netDebt column, last quarter)
Enterprise Value = 5.84b USD (7.21b + Debt 5.77b - CCE 7.14b)
Interest Coverage Ratio = -2.35 (Ebit TTM -615.0m / Interest Expense TTM 262.0m)
FCF Yield = 16.04% (FCF TTM 936.0m / Enterprise Value 5.84b)
FCF Margin = 4.86% (FCF TTM 936.0m / Revenue TTM 19.27b)
Net Margin = 5.90% (Net Income TTM 1.14b / Revenue TTM 19.27b)
Gross Margin = 98.71% ((Revenue TTM 19.27b - Cost of Revenue TTM 249.0m) / Revenue TTM)
Gross Margin QoQ = 100.0% (prev 98.29%)
Tobins Q-Ratio = 0.02 (Enterprise Value 5.84b / Total Assets 370.62b)
Interest Expense / Debt = 0.23% (Interest Expense 13.0m / Debt 5.77b)
Taxrate = 17.57% (149.0m / 848.0m)
NOPAT = -506.9m (EBIT -615.0m * (1 - 17.57%)) [loss with tax shield]
Current Ratio = 0.42 (Total Current Assets 7.14b / Total Current Liabilities 17.21b)
Debt / Equity = 0.60 (Debt 5.77b / totalStockholderEquity, last quarter 9.55b)
Debt / EBITDA = -1.06 (Net Debt -1.38b / EBITDA 1.30b)
Debt / FCF = -1.47 (Net Debt -1.38b / FCF TTM 936.0m)
Total Stockholder Equity = 8.76b (last 4 quarters mean from totalStockholderEquity)
RoA = 0.31% (Net Income 1.14b / Total Assets 370.62b)
RoE = 12.97% (Net Income TTM 1.14b / Total Stockholder Equity 8.76b)
RoCE = -4.23% (EBIT -615.0m / Capital Employed (Equity 8.76b + L.T.Debt 5.77b))
RoIC = -3.68% (negative operating profit) (NOPAT -506.9m / Invested Capital 13.76b)
WACC = 6.48% (E(7.21b)/V(12.98b) * Re(11.51%) + D(5.77b)/V(12.98b) * Rd(0.23%) * (1-Tc(0.18)))
Discount Rate = 11.51% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 3.17%
[DCF Debug] Terminal Value 56.60% ; FCFE base≈936.0m ; Y1≈614.5m ; Y5≈281.0m
Fair Price DCF = 18.38 (DCF Value 3.49b / Shares Outstanding 189.6m; 5y FCF grow -40.0% → 3.0% )
EPS Correlation: 57.90 | EPS CAGR: 378.8% | SUE: 0.74 | # QB: 0
Revenue Correlation: 13.05 | Revenue CAGR: 2.04% | SUE: 0.18 | # QB: 0
Additional Sources for LNC Stock
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Fund Manager Positions: Dataroma | Stockcircle