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Lincoln Educational Services NasdaqGS:LINC Stock Report

Last Price


Market Cap







05 Oct, 2022


Company Financials +
LINC fundamental analysis
Snowflake Score
Future Growth1/6
Past Performance2/6
Financial Health6/6

LINC Stock Overview

Lincoln Educational Services Corporation, together with its subsidiaries, provides various career-oriented post-secondary education services to high school graduates and working adults in the United States.

Lincoln Educational Services Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Lincoln Educational Services
Historical stock prices
Current Share PriceUS$5.65
52 Week HighUS$8.20
52 Week LowUS$4.94
1 Month Change-11.02%
3 Month Change-11.02%
1 Year Change-18.47%
3 Year Change146.19%
5 Year Change153.36%
Change since IPO-71.99%

Recent News & Updates

Sep 17
What Is Lincoln Educational Services Corporation's (NASDAQ:LINC) Share Price Doing?

What Is Lincoln Educational Services Corporation's (NASDAQ:LINC) Share Price Doing?

While Lincoln Educational Services Corporation ( NASDAQ:LINC ) might not be the most widely known stock at the moment...

Aug 05

Lincoln Educational Services Q2 2022 Earnings Preview

Lincoln Educational Services (NASDAQ:LINC) is scheduled to announce Q2 earnings results on Monday, August 8th, before market open. The consensus EPS Estimate is $0.06 (flat Y/Y) and the consensus Revenue Estimate is $83.47M (+3.7% Y/Y).

Shareholder Returns

LINCUS Consumer ServicesUS Market

Return vs Industry: LINC exceeded the US Consumer Services industry which returned -26.2% over the past year.

Return vs Market: LINC matched the US Market which returned -18.2% over the past year.

Price Volatility

Is LINC's price volatile compared to industry and market?
LINC volatility
LINC Average Weekly Movement6.4%
Consumer Services Industry Average Movement8.7%
Market Average Movement7.0%
10% most volatile stocks in US Market15.5%
10% least volatile stocks in US Market2.9%

Stable Share Price: LINC is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: LINC's weekly volatility (6%) has been stable over the past year.

About the Company

19461,864Scott Shaw

Lincoln Educational Services Corporation, together with its subsidiaries, provides various career-oriented post-secondary education services to high school graduates and working adults in the United States. The company operates in two segments: Transportation and Skilled Trades, and Healthcare and Other Professions. It offers associate’s degree, and diploma and certificate programs in automotive technology; skilled trades programs, including electrical, heating and air conditioning repair, welding, computerized numerical control, and electrical and electronic systems technology; health science programs comprising nursing, dental and medical assistant, claim examiner, medical administrative assistant, etc.; hospitality services programs, such as culinary, therapeutic massage, cosmetology, and aesthetics; and information technology programs.

Lincoln Educational Services Fundamentals Summary

How do Lincoln Educational Services's earnings and revenue compare to its market cap?
LINC fundamental statistics
Market CapUS$151.53m
Earnings (TTM)US$21.17m
Revenue (TTM)US$341.57m


P/E Ratio


P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
LINC income statement (TTM)
Cost of RevenueUS$143.60m
Gross ProfitUS$197.98m
Other ExpensesUS$176.81m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date


Earnings per share (EPS)0.79
Gross Margin57.96%
Net Profit Margin6.20%
Debt/Equity Ratio0%

How did LINC perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.


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

Valuation Score


Valuation Score 4/6

  • 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 LINC?

Other financial metrics that can be useful for relative valuation.

LINC 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/Revenue0.6x
Enterprise Value/EBITDA22.5x
PEG Ratio3x

Price to Earnings Ratio vs Peers

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

LINC PE Ratio vs Peers
The above table shows the PE ratio for LINC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average9.1x
JZ Jianzhi Education Technology Group
UTI Universal Technical Institute
STG Sunlands Technology Group
COE 51Talk Online Education Group
LINC Lincoln Educational Services

Price-To-Earnings vs Peers: LINC is good value based on its Price-To-Earnings Ratio (7.2x) compared to the peer average (9.1x).

Price to Earnings Ratio vs Industry

How does LINC's PE Ratio compare vs other companies in the US Consumer Services Industry?

Price-To-Earnings vs Industry: LINC is good value based on its Price-To-Earnings Ratio (7.2x) compared to the US Consumer Services industry average (15.1x)

Price to Earnings Ratio vs Fair Ratio

What is LINC'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.

LINC PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio7.2x
Fair PE Ratio11.5x

Price-To-Earnings vs Fair Ratio: LINC is good value based on its Price-To-Earnings Ratio (7.2x) compared to the estimated Fair Price-To-Earnings Ratio (11.5x).

Share Price vs Fair Value

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

Below Fair Value: LINC ($5.65) is trading above our estimate of fair value ($3.46)

Significantly Below Fair Value: LINC is trading above our estimate of fair value.

Analyst Price Targets

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

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Future Growth

How is Lincoln Educational Services forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

Future Growth Score


Future Growth Score 1/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: LINC's forecast earnings growth (2.4% per year) is above the savings rate (1.9%).

Earnings vs Market: LINC's earnings (2.4% per year) are forecast to grow slower than the US market (14.8% per year).

High Growth Earnings: LINC's earnings are forecast to grow, but not significantly.

Revenue vs Market: LINC's revenue (2.8% per year) is forecast to grow slower than the US market (7.6% per year).

High Growth Revenue: LINC's revenue (2.8% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if LINC's Return on Equity is forecast to be high in 3 years time

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Past Performance

How has Lincoln Educational Services performed over the past 5 years?

Past Performance Score


Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: LINC has a large one-off gain of $37.7M impacting its June 30 2022 financial results.

Growing Profit Margin: LINC's current net profit margins (6.2%) are lower than last year (13.6%).

Past Earnings Growth Analysis

Earnings Trend: LINC has become profitable over the past 5 years, growing earnings by 72.9% per year.

Accelerating Growth: LINC's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: LINC had negative earnings growth (-51.1%) over the past year, making it difficult to compare to the Consumer Services industry average (9.7%).

Return on Equity

High ROE: LINC's Return on Equity (20.5%) is considered high.

Discover strong past performing companies

Financial Health

How is Lincoln Educational Services's financial position?

Financial Health Score


Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: LINC's short term assets ($111.5M) exceed its short term liabilities ($58.2M).

Long Term Liabilities: LINC's short term assets ($111.5M) exceed its long term liabilities ($88.7M).

Debt to Equity History and Analysis

Debt Level: LINC is debt free.

Reducing Debt: LINC has no debt compared to 5 years ago when its debt to equity ratio was 22.6%.

Debt Coverage: LINC has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: LINC has no debt, therefore coverage of interest payments is not a concern.

Balance Sheet

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What is Lincoln Educational Services's current dividend yield, its reliability and sustainability?

Dividend Score


Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

Lincoln Educational Services Dividend Yield vs Market
How does Lincoln Educational Services dividend yield compare to the market?
SegmentDividend Yield
Company (Lincoln Educational Services)0%
Market Bottom 25% (US)1.6%
Market Top 25% (US)4.5%
Industry Average (Consumer Services)2.0%
Analyst forecast in 3 Years (Lincoln Educational Services)n/a

Notable Dividend: Unable to evaluate LINC's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate LINC's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.

Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if LINC's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if LINC's dividend payments have been increasing.

Earnings Payout to Shareholders

Earnings Coverage: LINC is not paying a notable dividend for the US market.

Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as LINC has not reported any payouts.

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How experienced are the management team and are they aligned to shareholders interests?


Average management tenure


Scott Shaw (59 yo)





Mr. Scott M. Shaw serves as Chief Executive Officer and President of Lincoln Technical Institute, Inc. Mr. Shaw has been Chief Executive Officer of Lincoln Educational Services Corporation since July 1, 20...

CEO Compensation Analysis

Scott Shaw's Compensation vs Lincoln Educational Services Earnings
How has Scott Shaw's remuneration changed compared to Lincoln Educational Services's earnings?
DateTotal Comp.SalaryCompany Earnings
Jun 30 2022n/an/a


Mar 31 2022n/an/a


Dec 31 2021US$2mUS$500k


Sep 30 2021n/an/a


Jun 30 2021n/an/a


Mar 31 2021n/an/a


Dec 31 2020US$2mUS$500k


Sep 30 2020n/an/a


Jun 30 2020n/an/a


Mar 31 2020n/an/a


Dec 31 2019US$977kUS$500k


Sep 30 2019n/an/a


Jun 30 2019n/an/a


Mar 31 2019n/an/a


Dec 31 2018US$755kUS$500k


Sep 30 2018n/an/a


Jun 30 2018n/an/a


Mar 31 2018n/an/a


Dec 31 2017US$505kUS$500k


Sep 30 2017n/an/a


Jun 30 2017n/an/a


Mar 31 2017n/an/a


Dec 31 2016US$1mUS$500k


Sep 30 2016n/an/a


Jun 30 2016n/an/a


Mar 31 2016n/an/a


Dec 31 2015US$910kUS$470k


Compensation vs Market: Scott's total compensation ($USD1.69M) is about average for companies of similar size in the US market ($USD1.72M).

Compensation vs Earnings: Scott's compensation has been consistent with company performance over the past year.

Leadership Team

Experienced Management: LINC's management team is seasoned and experienced (7.8 years average tenure).

Board Members

Experienced Board: LINC's board of directors are not considered experienced ( 2.9 years average tenure), which suggests a new board.


Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Recent Insider Transactions

NasdaqGS:LINC Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
03 Dec 21BuyUS$884,020Juniper Investment Company, LLCCompany122,563US$7.22
02 Dec 21SellUS$108,450James BurkeIndividual15,000US$7.23
01 Dec 21BuyUS$917,367Juniper Investment Company, LLCCompany128,527US$7.15
26 Nov 21BuyUS$454,676Juniper Investment Company, LLCCompany65,895US$6.90
18 Nov 21SellUS$40,425James BurkeIndividual5,500US$7.35
15 Nov 21SellUS$220,200Ronald HarbourIndividual30,000US$7.34
12 Nov 21SellUS$16,585James BurkeIndividual2,272US$7.30
11 Nov 21SellUS$395,503James BurkeIndividual54,871US$7.22
10 Nov 21BuyUS$102,060Juniper Investment Company, LLCCompany14,000US$7.29

Ownership Breakdown

What is the ownership structure of LINC?
Owner TypeNumber of SharesOwnership Percentage
Private Companies1,244,7264.6%
Hedge Funds2,003,1617.5%
Individual Insiders2,694,83910.0%
General Public6,702,52725.0%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 25 shareholders own 64.31% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
Heartland Advisors, Inc.
Alyeska Investment Group, L.P.
Royce & Associates, LP
Talanta Fund L.P.
1,244,726$7.0m0%no data
The Vanguard Group, Inc.
1,166,745$6.6m-18.11%no data
Scott Shaw
962,782$5.4m0%no data
Juniper Investment Company, LLC
Punch & Associates Investment Management, Inc.
Renaissance Technologies LLC
707,677$4.0m-16.77%no data
Uniplan Investment Counsel, Inc.
RBF Capital LLC
BlackRock, Inc.
520,108$2.9m-4.29%no data
Dimensional Fund Advisors LP
514,665$2.9m39.29%no data
First Eagle Investment Management, LLC
481,083$2.7m52.31%no data
Bridgeway Capital Management, LLC
Brian Meyers
336,896$1.9m0%no data
Cannell Capital LLC
Acadian Asset Management LLC
Hillsdale Investment Management Inc.
Paradice Investment Management Pty Ltd.
Stephen Buchenot
266,039$1.5m0%no data
J. Morrow
242,885$1.4m6.94%no data
Assenagon Asset Management S.A.
227,317$1.3m5.87%no data
Auxier Asset Management LLC
Geode Capital Management, LLC
215,490$1.2m1.93%no data

Company Information

Lincoln Educational Services Corporation's employee growth, exchange listings and data sources

Key Information

  • Name: Lincoln Educational Services Corporation
  • Ticker: LINC
  • Exchange: NasdaqGS
  • Founded: 1946
  • Industry: Education Services
  • Sector: Consumer Services
  • Implied Market Cap: US$151.530m
  • Shares outstanding: 26.82m
  • Website:

Number of Employees


  • Lincoln Educational Services Corporation
  • 14 Sylvan Way
  • Suite A
  • Parsippany
  • New Jersey
  • 7054
  • United States


TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
LINCNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDJun 2005

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/05 00:00
End of Day Share Price2022/10/05 00:00
Annual Earnings2021/12/31

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.