Lincoln Electric Holdings Stock Beta

LECO Stock

USD 237.61 2.16 0.90%

Lincoln Electric Holdings fundamentals help investors to digest information that contributes to Lincoln Electric's financial success or failures. It also enables traders to predict the movement of Lincoln Stock. The fundamental analysis module provides a way to measure Lincoln Electric's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Lincoln Electric stock.

Short Long Term Debt Total Total Assets

This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.

Lincoln Electric Holdings Company Beta Analysis

Lincoln Electric's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.

Beta

Covariance

Variance

More About Beta | All Equity Analysis

Current Lincoln Electric Beta

1.21

Most of Lincoln Electric's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Lincoln Electric Holdings is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Lincoln Beta Driver Correlations

Understanding the fundamental principles of building solid financial models for Lincoln Electric is extremely important. It helps to project a fair market value of Lincoln Stock properly, considering its historical fundamentals such as Beta. Since Lincoln Electric's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Lincoln Electric's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Lincoln Electric's interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Net Receivables	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock	Long Term Debt	Good Will	Treasury Stock	Property Plant Equipment	Current Deferred Revenue	Net Tangible Assets	Long Term Debt Total	Capital Surpluse	Deferred Long Term Liab	Long Term Investments	Accumulated Depreciation	Short Long Term Debt	Net Invested Capital	Net Working Capital	Capital Stock
Total Assets		0.52	0.41	0.75	0.95	0.97	0.7	0.96	0.18	0.92	0.83	0.6	0.64	-0.68	0.92	0.06	-0.48	0.57	0.82	0.08	-0.58	-0.41	0.45	0.57	-0.2	-0.07
Total Stockholder Equity	0.52		-0.17	0.26	0.37	0.56	-0.02	0.62	0.24	0.49	0.71	-0.18	0.09	0.13	0.6	-0.04	0.24	-0.17	0.05	-0.13	0.25	0.02	-0.03	0.25	0.31	-0.05
Net Debt	0.41	-0.17		0.62	0.46	0.45	0.74	0.25	0.3	0.36	-0.05	0.69	0.82	-0.69	0.47	0.15	-0.59	0.71	0.7	-0.15	-0.6	0.01	0.6	0.64	-0.45	-0.5
Retained Earnings	0.75	0.26	0.62		0.72	0.7	0.92	0.69	0.03	0.67	0.58	0.86	0.91	-0.88	0.75	0.22	-0.77	0.86	0.85	0.11	-0.75	-0.49	0.3	0.57	-0.33	-0.58
Accounts Payable	0.95	0.37	0.46	0.72		0.91	0.72	0.88	0.19	0.89	0.71	0.6	0.61	-0.74	0.87	0.07	-0.44	0.56	0.84	0.22	-0.69	-0.51	0.57	0.42	-0.43	0.02
Net Receivables	0.97	0.56	0.45	0.7	0.91		0.67	0.96	0.31	0.84	0.75	0.54	0.64	-0.59	0.94	0.04	-0.4	0.52	0.76	-0.08	-0.54	-0.23	0.46	0.63	-0.14	-0.13
Total Liab	0.7	-0.02	0.74	0.92	0.72	0.67		0.62	0.06	0.58	0.37	0.97	0.93	-0.94	0.66	0.19	-0.85	0.96	0.88	0.01	-0.9	-0.41	0.43	0.62	-0.4	-0.54
Total Current Assets	0.96	0.62	0.25	0.69	0.88	0.96	0.62		0.24	0.82	0.86	0.5	0.55	-0.54	0.88	0.06	-0.38	0.47	0.69	-0.02	-0.48	-0.34	0.34	0.54	-0.03	-0.08
Short Term Debt	0.18	0.24	0.3	0.03	0.19	0.31	0.06	0.24		0.13	0.06	-0.1	0.11	0.05	0.18	-0.32	0.16	-0.11	-0.01	-0.29	0.13	0.17	0.61	0.25	-0.1	0.07
Intangible Assets	0.92	0.49	0.36	0.67	0.89	0.84	0.58	0.82	0.13		0.78	0.51	0.55	-0.64	0.82	-0.09	-0.45	0.46	0.76	0.26	-0.48	-0.54	0.53	0.44	-0.3	0.08
Common Stock	0.83	0.71	-0.05	0.58	0.71	0.75	0.37	0.86	0.06	0.78		0.27	0.29	-0.39	0.78	-0.08	-0.25	0.23	0.5	0.24	-0.24	-0.49	0.08	0.21	-0.05	0.07
Long Term Debt	0.6	-0.18	0.69	0.86	0.6	0.54	0.97	0.5	-0.1	0.51	0.27		0.89	-0.94	0.51	0.22	-0.92	0.99	0.86	0.05	-0.9	-0.43	0.35	0.6	-0.34	-0.53
Good Will	0.64	0.09	0.82	0.91	0.61	0.64	0.93	0.55	0.11	0.55	0.29	0.89		-0.84	0.63	0.3	-0.77	0.92	0.84	-0.14	-0.72	-0.22	0.42	0.79	-0.23	-0.69
Treasury Stock	-0.68	0.13	-0.69	-0.88	-0.74	-0.59	-0.94	-0.54	0.05	-0.64	-0.39	-0.94	-0.84		-0.6	-0.21	0.85	-0.91	-0.93	-0.29	0.9	0.61	-0.45	-0.44	0.56	0.34
Property Plant Equipment	0.92	0.6	0.47	0.75	0.87	0.94	0.66	0.88	0.18	0.82	0.78	0.51	0.63	-0.6		-0.02	-0.41	0.5	0.74	0.05	-0.54	-0.26	0.32	0.5	-0.27	-0.21
Current Deferred Revenue	0.06	-0.04	0.15	0.22	0.07	0.04	0.19	0.06	-0.32	-0.09	-0.08	0.22	0.3	-0.21	-0.02		-0.05	0.25	0.25	-0.19	-0.13	-0.01	-0.09	0.24	0.15	-0.28
Net Tangible Assets	-0.48	0.24	-0.59	-0.77	-0.44	-0.4	-0.85	-0.38	0.16	-0.45	-0.25	-0.92	-0.77	0.85	-0.41	-0.05		-0.92	-0.75	-0.04	0.79	0.42	-0.2	-0.52	0.28	0.48
Long Term Debt Total	0.57	-0.17	0.71	0.86	0.56	0.52	0.96	0.47	-0.11	0.46	0.23	0.99	0.92	-0.91	0.5	0.25	-0.92		0.85	-0.02	-0.87	-0.34	0.29	0.65	-0.28	-0.62
Capital Surpluse	0.82	0.05	0.7	0.85	0.84	0.76	0.88	0.69	-0.01	0.76	0.5	0.86	0.84	-0.93	0.74	0.25	-0.75	0.85		0.2	-0.83	-0.44	0.46	0.61	-0.4	-0.28
Deferred Long Term Liab	0.08	-0.13	-0.15	0.11	0.22	-0.08	0.01	-0.02	-0.29	0.26	0.24	0.05	-0.14	-0.29	0.05	-0.19	-0.04	-0.02	0.2		-0.22	-0.7	0.01	-0.53	-0.57	0.37
Long Term Investments	-0.58	0.25	-0.6	-0.75	-0.69	-0.54	-0.9	-0.48	0.13	-0.48	-0.24	-0.9	-0.72	0.9	-0.54	-0.13	0.79	-0.87	-0.83	-0.22		0.48	-0.33	-0.34	0.55	0.33
Accumulated Depreciation	-0.41	0.02	0.01	-0.49	-0.51	-0.23	-0.41	-0.34	0.17	-0.54	-0.49	-0.43	-0.22	0.61	-0.26	-0.01	0.42	-0.34	-0.44	-0.7	0.48		-0.3	0.22	0.55	-0.24
Short Long Term Debt	0.45	-0.03	0.6	0.3	0.57	0.46	0.43	0.34	0.61	0.53	0.08	0.35	0.42	-0.45	0.32	-0.09	-0.2	0.29	0.46	0.01	-0.33	-0.3		0.35	-0.48	0.19
Net Invested Capital	0.57	0.25	0.64	0.57	0.42	0.63	0.62	0.54	0.25	0.44	0.21	0.6	0.79	-0.44	0.5	0.24	-0.52	0.65	0.61	-0.53	-0.34	0.22	0.35		0.3	-0.57
Net Working Capital	-0.2	0.31	-0.45	-0.33	-0.43	-0.14	-0.4	-0.03	-0.1	-0.3	-0.05	-0.34	-0.23	0.56	-0.27	0.15	0.28	-0.28	-0.4	-0.57	0.55	0.55	-0.48	0.3		-0.15
Capital Stock	-0.07	-0.05	-0.5	-0.58	0.02	-0.13	-0.54	-0.08	0.07	0.08	0.07	-0.53	-0.69	0.34	-0.21	-0.28	0.48	-0.62	-0.28	0.37	0.33	-0.24	0.19	-0.57	-0.15

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In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.

Competition

Predict Lincoln Electric

In accordance with the recently published financial statements, Lincoln Electric Holdings has a Beta of 1.208. This is 11.82% lower than that of the Machinery sector and 3.25% higher than that of the Industrials industry. The beta for all United States stocks is notably lower than that of the firm.

Lincoln Beta Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Lincoln Electric's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Lincoln Electric could also be used in its relative valuation, which is a method of valuing Lincoln Electric by comparing valuation metrics of similar companies.

Lincoln Electric is currently under evaluation in beta category among related companies.

Lincoln Electric ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Lincoln Electric's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Lincoln Electric's managers, analysts, and investors.

Environment Score

Governance Score

Social Score

Lincoln Electric Institutional Holders

Institutional Holdings refers to the ownership stake in Lincoln Electric that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Lincoln Electric's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Lincoln Electric's value.

		Shares
Macquarie Group Ltd	2023-12-31	766.5 K
Amvescap Plc.	2023-12-31	716.9 K
Westfield Capital Management Company, Lp	2023-12-31	687.8 K
Bank Of New York Mellon Corp	2023-12-31	682.8 K
Thrivent Financial For Lutherans	2023-12-31	570.4 K
Dimensional Fund Advisors, Inc.	2023-12-31	561.6 K
Bessemer Group Inc	2023-12-31	542.8 K
Principal Financial Group Inc	2023-12-31	519.8 K
Fisher Asset Management, Llc	2023-12-31	486.7 K
Vanguard Group Inc	2023-12-31	5.7 M
Blackrock Inc	2023-12-31	5.3 M

As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Lincoln Electric will likely underperform.

Lincoln Fundamentals

	Return On Equity	0.47
	Return On Asset	0.13
	Profit Margin	0.13 %
	Operating Margin	0.16 %
	Current Valuation	14.39 B
	Shares Outstanding	56.83 M
	Shares Owned By Insiders	1.65 %
	Shares Owned By Institutions	81.41 %
	Number Of Shares Shorted	1.03 M
	Price To Earning	39.83 X
	Price To Book	10.36 X
	Price To Sales	3.23 X
	Revenue	4.19 B
	Gross Profit	1.28 B
	EBITDA	781.73 M
	Net Income	545.25 M
	Cash And Equivalents	152.8 M
	Cash Per Share	2.64 X
	Total Debt	1.16 B
	Debt To Equity	0.97 %
	Current Ratio	1.62 X
	Book Value Per Share	22.97 X
	Cash Flow From Operations	667.54 M
	Short Ratio	3.44 X
	Earnings Per Share	9.37 X
	Price To Earnings To Growth	2.09 X
	Target Price	238.91
	Number Of Employees	12 K
	Beta	1.21
	Market Capitalization	13.63 B
	Total Asset	3.38 B
	Retained Earnings	3.69 B
	Working Capital	938.5 M
	Current Asset	936 M
	Current Liabilities	370.12 M
	Annual Yield	0.01 %
	Five Year Return	1.82 %
	Net Asset	3.38 B
	Last Dividend Paid	2.63

About Lincoln Electric Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Lincoln Electric Holdings's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Lincoln Electric using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Lincoln Electric Holdings based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Please read more on our fundamental analysis page.

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When determining whether Lincoln Electric Holdings offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Lincoln Electric's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Lincoln Electric Holdings Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Lincoln Electric Holdings Stock:

How To Invest In Lincoln

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Is Lincoln Stock a good investment?

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What is Lincoln Electric's Net Worth?

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Check out Lincoln Electric Piotroski F Score and Lincoln Electric Altman Z Score analysis.

Note that the Lincoln Electric Holdings information on this page should be used as a complementary analysis to other Lincoln Electric's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.

Complementary Tools for Lincoln Stock analysis

When running Lincoln Electric's price analysis, check to measure Lincoln Electric's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Lincoln Electric is operating at the current time. Most of Lincoln Electric's value examination focuses on studying past and present price action to predict the probability of Lincoln Electric's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Lincoln Electric's price. Additionally, you may evaluate how the addition of Lincoln Electric to your portfolios can decrease your overall portfolio volatility.

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Is Lincoln Electric's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Lincoln Electric. If investors know Lincoln will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Lincoln Electric listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

0.446

Dividend Share

2.63

Earnings Share

9.37

Revenue Per Share

73.071

Quarterly Revenue Growth

0.137

The market value of Lincoln Electric Holdings is measured differently than its book value, which is the value of Lincoln that is recorded on the company's balance sheet. Investors also form their own opinion of Lincoln Electric's value that differs from its market value or its book value, called intrinsic value, which is Lincoln Electric's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Lincoln Electric's market value can be influenced by many factors that don't directly affect Lincoln Electric's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Lincoln Electric's value and its price as these two are different measures arrived at by different means. Investors typically determine if Lincoln Electric is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Lincoln Electric's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Lincoln Electric Holdings Stock Beta

Lincoln Electric Holdings Company Beta Analysis

Beta

Covariance

Variance

Current Lincoln Electric Beta

Lincoln Beta Driver Correlations

Lincoln Beta Peer Comparison

Lincoln Electric ESG Sustainability

Lincoln Electric Institutional Holders

Lincoln Fundamentals

About Lincoln Electric Fundamental Analysis

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

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