Lincoln Electric Holdings, Inc.

NasdaqGS:LECO Stock Report

Mkt Cap: US$10.0b

We’ve recently updated our valuation analysis.

Lincoln Electric Holdings Valuation

Is LECO undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for LECO?

Other financial metrics that can be useful for relative valuation.

LECO key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue2.9x
Enterprise Value/EBITDA15.6x
PEG Ratio3.7x

Price to Earnings Ratio vs Peers

How does LECO's PE Ratio compare to its peers?

The above table shows the PE ratio for LECO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average22.2x
PNR Pentair
19.6x9.9%US$9.5b
MIDD Middleby
21x9.2%US$8.5b
GGG Graco
25.8x8.1%US$11.9b
DCI Donaldson Company
22.4x7.7%US$7.7b
LECO Lincoln Electric Holdings
22.9x6.2%US$10.0b


Price to Earnings Ratio vs Industry

How does LECO's PE Ratio compare vs other companies in the US Machinery Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a11.8%
n/an/an/a


Price to Earnings Ratio vs Fair Ratio

What is LECO's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

LECO PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio22.9x
Fair PE Ratio17x

Price-To-Earnings vs Fair Ratio: LECO is expensive based on its Price-To-Earnings Ratio (22.9x) compared to the estimated Fair Price-To-Earnings Ratio (17x).


Share Price vs Fair Value

What is the Fair Price of LECO when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst LECO forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$173.70
US$162.13
-6.7%
8.4%US$185.00US$145.00n/a8
Feb ’24US$169.57
US$162.13
-4.4%
8.4%US$185.00US$145.00n/a8
Jan ’24US$144.49
US$155.63
+7.7%
6.0%US$170.00US$145.00n/a8
Dec ’23US$148.17
US$152.75
+3.1%
7.6%US$170.00US$137.00n/a8
Nov ’23US$142.90
US$152.38
+6.6%
7.4%US$170.00US$137.00n/a8
Oct ’23US$125.72
US$151.13
+20.2%
7.8%US$170.00US$136.00n/a8
Sep ’23US$137.15
US$151.13
+10.2%
7.8%US$170.00US$136.00n/a8
Aug ’23US$140.72
US$151.13
+7.4%
7.8%US$170.00US$136.00n/a8
Jul ’23US$124.24
US$152.00
+22.3%
7.9%US$170.00US$134.00n/a8
Jun ’23US$135.76
US$152.88
+12.6%
7.5%US$170.00US$134.00n/a8
May ’23US$134.73
US$152.88
+13.5%
7.5%US$170.00US$134.00n/a8
Apr ’23US$137.44
US$152.00
+10.6%
7.1%US$170.00US$136.00n/a8
Mar ’23US$125.47
US$152.00
+21.1%
7.1%US$170.00US$136.00n/a8
Feb ’23US$129.08
US$152.75
+18.3%
7.9%US$170.00US$132.00US$169.578
Jan ’23US$139.47
US$150.29
+7.8%
7.2%US$165.00US$132.00US$144.497
Dec ’22US$132.15
US$148.29
+12.2%
7.9%US$165.00US$132.00US$148.177
Nov ’22US$142.91
US$148.29
+3.8%
7.9%US$165.00US$132.00US$142.907
Oct ’22US$130.64
US$147.00
+12.5%
8.2%US$165.00US$124.00US$125.727
Sep ’22US$137.13
US$147.00
+7.2%
8.2%US$165.00US$124.00US$137.157
Aug ’22US$139.43
US$142.00
+1.8%
10.8%US$160.00US$112.00US$140.728
Jul ’22US$132.27
US$134.38
+1.6%
9.8%US$150.00US$112.00US$124.248
Jun ’22US$130.94
US$134.13
+2.4%
9.6%US$150.00US$112.00US$135.768
May ’22US$128.05
US$133.88
+4.5%
10.0%US$150.00US$110.00US$134.738
Apr ’22US$123.71
US$124.88
+0.9%
10.1%US$140.00US$107.00US$137.448
Mar ’22US$120.36
US$124.25
+3.2%
9.8%US$140.00US$107.00US$125.478
Feb ’22US$115.78
US$120.75
+4.3%
14.5%US$140.00US$92.00US$129.088


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