Lincoln Electric Holdings Inc Dossier
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SectorIndustrials IndustryTools & Accessories Beta (adjusted)1.14 Intrinsic Value $225.99median of 6 methods · middle span $187-$339based on filings through 30 Jun 2026 Market Price $269.40Price as of 1 Oct 2026 OvervaluedIntrinsic value is 16% below the market price −50% · IV below pricenear fair value ±15%IV above price · +50% Data confidence Sign in to view data confidence Market Cap $14.7B Enterprise Value $15.6B Shares Outstanding 54.8M diluted Moat Rating Wide Next Earnings Date27 Oct 2026 Last ex-dividend30 Sep 2026 All prices and values are periodic snapshots, not live quotes. Source dates are shown for reference. ThesisStreet consensus, scenarios, merits, risks, and invalidation triggers Thesis Summary Lincoln Electric entered the second half of 2026 with strong operating momentum: second-quarter organic sales rose 10.1%, adjusted operating margin reached 18.4%, adjusted EPS was $2.93 and trailing-twelve-month adjusted ROIC reached 23.0%. The quality of growth nevertheless requires monitoring because 7.7 percentage points of second-quarter sales growth came from price, while International Welding and Harris reported negative volume contributions. This section is the 12-month view: analyst targets and the probability-weighted scenarios built from them. The intrinsic value at the top of this page answers a different question: what the business is worth today. Street view · analyst 12-month targets Low · most bearish analyst$238.00 Mean target$304.91 High · most bullish analyst$340.00 Street targets sit above today's price; our intrinsic value sits below it. Different horizons, different questions. Our research · scenarios, merits, risks, and invalidation triggersResearch as of 2 Sep 2026 Scenarios · 12-month scenario targets Bear CaseDownside scenario $238.0020% Pricing contribution fades before broad-based volume growth becomes established, while negative International Welding and Harris volumes persist. Resulting operating deleverage pushes adjusted operating margin below the 17.6% full-year 2025 level and weakens returns on invested capital. Base CaseCentral scenario $304.9155% Matches the consensus meanGrowth moderates from the second-quarter pace but remains positive, with improving industrial demand and RISE initiatives offsetting softer international volumes. Profitability remains near recent record levels, although mix and price-cost variability limit near-term expansion. Bull CaseUpside scenario $340.0025% Americas volume growth remains firm, International Welding returns to positive volume growth, and price-cost execution preserves or improves upon the 18.4% second-quarter adjusted operating margin. Sustained cash generation and adjusted ROIC near the reported 23.0% level would support continued compounding under the RISE strategy. Scenarios are anchored to street consensus at the research date, with our probabilities and rationale. Key Investment Merits
Key Investment Risks
All scenarios are estimates and subject to change. Past performance is not indicative of future results. Quality Pillars MembersThis section is available to registered members. Create a free account or sign in to unlock the full breakdown. Explore this dossierValuationIntrinsic value, the six-method breakdown, peer medians, and your assumptions sandbox.Financial SnapshotRevenue, profitability, returns, balance sheet, dividends, and the filing-level detail.Qualitative AnalysisBusiness overview, strategic initiatives, and mergers, acquisitions & partnerships.Outlook & Key DatesForward estimates, reporting calendar, and the monitoring framework. |