Lincoln Electric Holdings, Inc.

Lincoln Electric Holdings, Inc.

LECOยทNASDAQ

$262.82

+3.4%
IndustrialsManufacturing - Tools & Accessories

Lincoln Electric Holdings, Inc., through its subsidiaries, designs, develops, manufactures, and sells welding, cutting, and brazing products worldwide. The company operates through three segments: Americas Welding, International Welding, and The Harris Products Group. It offers welding products, including arc welding power sources, plasma cutters, wire feeding systems, robotic welding packages, integrated automation systems, fume extraction equipment, consumable electrodes, fluxes and welding accessories, and specialty welding consumables and fabrication products. The company's product offering also includes computer numeric controlled plasma and oxy-fuel cutting systems, and regulators and torches used in oxy-fuel welding, cutting, and brazing; and consumables used in the brazing and soldering alloys market. In addition, it is involved in the retail business in the United States. Further, the company manufactures copper and aluminum headers, distributor assemblies, and manifolds for the heating, ventilation, and air conditioning sector in the United States and Mexico. The company serves general fabrication, energy and process, automotive and transportation, and construction and infrastructure industries, as well as heavy fabrication, ship building, and maintenance and repair markets. It sells its products directly to users of welding products, as well as through industrial distributors, retailers, and agents. The company was founded in 1895 and is headquartered in Cleveland, Ohio.

At a Glance

Live Snapshot
Market Cap$14.40B
EPS9.3900
P/E Ratio27.99
Earnings Date07/30/2026
Lincoln Electric Holdings, Inc.

Lincoln Electric Holdings, Inc. Fair Value Envelope

LECO ยท NASDAQ

Our analysis suggests that LECO has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $262.82, this represents a potential HIDDEN relative to our calculated worth for Lincoln Electric Holdings, Inc..

Intrinsic Value
Current Price: $262.82

Owner Earnings Valuation Tool

Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation

Historical Financial Data

Base year metrics used for projections

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Projection Settings

Forecast period and terminal assumptions

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DCF Valuation Summary

Calculation flow from present value to intrinsic value per share

Present Value$21.2B
+ Cash & Equivalents$308.8M
Firm Value$21.5B
- Debt$1.3B
Equity Value$20.2B
/ Shares Outstanding55,026,176B
DCF Value$368
UNDERVALUED BY 40%

Owner Earnings Projections

Operating Cash Flow - Maintenance CapEx = Owner Earnings

Metric
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Operating Cash Flow
$732.2M
$810.9M
$898.0M
$994.5M
$1.1B
$1.2B
$1.4B
$1.5B
$1.7B
$1.8B
Maintenance CapEx
-$28.1M
-$31.1M
-$34.5M
-$38.2M
-$42.3M
-$46.8M
-$51.9M
-$57.5M
-$63.6M
-$70.5M
Owner Earnings
$704.1M
$779.7M
$863.5M
$956.3M
$1.1B
$1.2B
$1.3B
$1.4B
$1.6B
$1.8B
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
$651.9M
$668.5M
$685.5M
$702.9M
$720.7M
$739.1M
$757.8M
$777.1M
$796.8M
$817.1M
Terminal Value represents 65.5% of Enterprise Value