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LINC

Lincoln Educational Services NasdaqGS:LINC Stock Report

Last Price

US$5.65

Market Cap

US$151.5m

7D

2.5%

1Y

-18.5%

Updated

05 Oct, 2022

Data

Company Financials +
LINC fundamental analysis
Snowflake Score
Valuation4/6
Future Growth1/6
Past Performance2/6
Financial Health6/6
Dividends0/6

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
Beta0.86
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
7D2.5%5.3%4.4%
1Y-18.5%-26.2%-18.2%

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 Movement8.4%
Market Average Movement6.9%
10% most volatile stocks in US Market15.5%
10% least volatile stocks in US Market2.8%

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

FoundedEmployeesCEOWebsite
19461,864Scott Shawhttps://www.lincolntech.edu

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

7.2x

P/E Ratio

0.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
LINC income statement (TTM)
RevenueUS$341.57m
Cost of RevenueUS$143.60m
Gross ProfitUS$197.98m
Other ExpensesUS$176.81m
EarningsUS$21.17m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

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.

Valuation

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

Valuation Score

4/6

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
22xn/aUS$149.0m
UTI Universal Technical Institute
10.2x30.7%US$193.8m
STG Sunlands Technology Group
0.8xn/aUS$58.6m
COE 51Talk Online Education Group
3.4xn/aUS$43.4m
LINC Lincoln Educational Services
7.2x2.4%US$151.5m

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

1/6

Future Growth Score 1/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


2.4%

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


Discover growth companies

Past Performance

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

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


72.9%

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.


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Financial Health

How is Lincoln Educational Services's financial position?

Financial Health Score

6/6

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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Dividend

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

Dividend Score

0/6

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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Management

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

7.8yrs

Average management tenure


CEO

Scott Shaw (59 yo)

7.25yrs

Tenure

US$1,693,608

Compensation

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

US$21m

Mar 31 2022n/an/a

US$23m

Dec 31 2021US$2mUS$500k

US$26m

Sep 30 2021n/an/a

US$43m

Jun 30 2021n/an/a

US$43m

Mar 31 2021n/an/a

US$42m

Dec 31 2020US$2mUS$500k

US$37m

Sep 30 2020n/an/a

US$10m

Jun 30 2020n/an/a

US$9m

Mar 31 2020n/an/a

US$5m

Dec 31 2019US$977kUS$500k

US$2m

Sep 30 2019n/an/a

-US$2m

Jun 30 2019n/an/a

-US$4m

Mar 31 2019n/an/a

-US$5m

Dec 31 2018US$755kUS$500k

-US$7m

Sep 30 2018n/an/a

-US$4m

Jun 30 2018n/an/a

-US$5m

Mar 31 2018n/an/a

-US$7m

Dec 31 2017US$505kUS$500k

-US$11m

Sep 30 2017n/an/a

-US$38m

Jun 30 2017n/an/a

-US$37m

Mar 31 2017n/an/a

-US$33m

Dec 31 2016US$1mUS$500k

-US$28m

Sep 30 2016n/an/a

-US$2m

Jun 30 2016n/an/a

US$3m

Mar 31 2016n/an/a

US$215k

Dec 31 2015US$910kUS$470k

-US$3m

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.


Ownership

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%
Institutions14,174,24852.9%

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 %
7.89%
Heartland Advisors, Inc.
2,116,900$12.0m0.01%0.84%
7.47%
Alyeska Investment Group, L.P.
2,003,161$11.3m23.71%0.13%
4.93%
Royce & Associates, LP
1,323,254$7.5m10.09%0.06%
4.64%
Talanta Fund L.P.
1,244,726$7.0m0%no data
4.35%
The Vanguard Group, Inc.
1,166,745$6.6m-18.11%no data
3.59%
Scott Shaw
962,782$5.4m0%no data
3.33%
Juniper Investment Company, LLC
894,259$5.1m0%4.16%
3.3%
Punch & Associates Investment Management, Inc.
884,403$5.0m-28.67%0.34%
2.64%
Renaissance Technologies LLC
707,677$4.0m-16.77%no data
2.4%
Uniplan Investment Counsel, Inc.
644,907$3.6m3.93%0.28%
2.1%
RBF Capital LLC
563,798$3.2m0%0.26%
1.94%
BlackRock, Inc.
520,108$2.9m-4.29%no data
1.92%
Dimensional Fund Advisors LP
514,665$2.9m39.29%no data
1.79%
First Eagle Investment Management, LLC
481,083$2.7m52.31%no data
1.75%
Bridgeway Capital Management, LLC
469,369$2.7m26.9%0.06%
1.26%
Brian Meyers
336,896$1.9m0%no data
1.19%
Cannell Capital LLC
319,848$1.8m0%0.38%
1.18%
Acadian Asset Management LLC
317,114$1.8m5.4%0.01%
1.15%
Hillsdale Investment Management Inc.
308,300$1.7m0%0.12%
1.1%
Paradice Investment Management Pty Ltd.
293,682$1.7m0%0.06%
0.99%
Stephen Buchenot
266,039$1.5m0%no data
0.91%
J. Morrow
242,885$1.4m6.94%no data
0.85%
Assenagon Asset Management S.A.
227,317$1.3m5.87%no data
0.83%
Auxier Asset Management LLC
221,567$1.3m0%0.23%
0.8%
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: https://www.lincolntech.edu

Number of Employees


Location

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


Listings

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
Earnings2022/06/30
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.