Definitive Analysis
Loading...
Definitive Analysis

Financial Statements

Ticker

Industry

Sector

Lincoln Electric Holdings, Inc. (LECO)

Company Dividend Discount ModelIndustry: Manufacturing - Tools & AccessoriesSector: Industrials

Valuation Snapshot

Stable Growth$369.31 - $1,836.33$775.23
Multi-Stage$246.89 - $270.42$258.44
Blended Fair Value$516.83
Current Price$235.83
Upside119.15%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS6.58%8.27%2.882.632.322.162.102.091.811.641.551.54
YoY Growth--9.55%13.22%7.28%3.16%0.17%15.54%10.39%5.87%0.42%18.71%
Dividend Yield--1.52%1.04%1.37%1.57%1.71%3.03%2.11%1.82%1.78%2.64%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)524.74
(-) Cash Dividends Paid (M)166.64
(=) Cash Retained (M)358.10
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)104.9565.5939.36
Cash Retained (M)358.10358.10358.10
(-) Cash Required (M)-104.95-65.59-39.36
(=) Excess Retained (M)253.15292.51318.74
(/) Shares Outstanding (M)56.3456.3456.34
(=) Excess Retained per Share4.495.195.66
LTM Dividend per Share2.962.962.96
(+) Excess Retained per Share4.495.195.66
(=) Adjusted Dividend7.458.158.62
WACC / Discount Rate6.69%6.69%6.69%
Growth Rate4.58%5.58%6.58%
Fair Value$369.31$775.23$1,836.33
Upside / Downside56.60%228.72%678.66%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)524.74554.00584.90617.52651.95688.31708.96
Payout Ratio31.76%43.41%55.05%66.70%78.35%90.00%92.50%
Projected Dividends (M)166.64240.47322.01411.90510.81619.48655.79

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate6.69%6.69%6.69%
Growth Rate4.58%5.58%6.58%
Year 1 PV (M)223.26225.40227.53
Year 2 PV (M)277.58282.91288.30
Year 3 PV (M)329.66339.21348.94
Year 4 PV (M)379.57394.30409.45
Year 5 PV (M)427.38448.21469.84
PV of Terminal Value (M)12,272.5112,870.6113,491.81
Equity Value (M)13,909.9614,560.6315,235.86
Shares Outstanding (M)56.3456.3456.34
Fair Value$246.89$258.44$270.42
Upside / Downside4.69%9.59%14.67%

High-Yield Dividend Screener

« Prev Page 76 of 151 Next »
Ticker Company Dividend Yield % Dividend Per Share Payout Ratio %
DR.TOMedical Facilities Corporation1.80%$0.287.21%
PINE3.SABanco Pine S.A.1.80%$0.2316.47%
SVED-B.STSvedbergs i Dalstorp AB (publ)1.80%$1.2532.77%
002296.SZHeNan Splendor Science & Technology Co., Ltd.1.79%$0.2025.74%
002349.SZJinghua Pharmaceutical Group Co., Ltd.1.79%$0.1347.07%
002841.SZGuangzhou Shiyuan Electronic Technology Company Limited1.79%$0.7153.65%
007690.KSKukdo Chemical Co., Ltd.1.79%$569.7119.70%
010690.KSHWASHIN CO.,Ltd1.79%$145.8913.31%
049770.KSDongwon F&B Co., Ltd.1.79%$800.0312.97%
1836.HKStella International Holdings Limited1.79%$0.2778.00%
5ML.SIOld Chang Kee Ltd.1.79%$0.0221.40%
603456.SSZhejiang Jiuzhou Pharmaceutical Co., Ltd1.79%$0.3239.16%
6245.THIRANO TECSEED Co.,Ltd.1.79%$29.9248.19%
9999.HKNetEase, Inc.1.79%$4.1136.47%
EFK.WAKorporacja Gospodarcza Efekt S.A.1.79%$0.103.27%
IFSH.JKPT Ifishdeco Tbk1.79%$14.6252.99%
WGSH.JKPT Wira Global Solusi Tbk1.79%$5.0059.74%
001060.KSJW Pharmaceutical Corporation1.78%$458.4617.63%
001332.SZWuxi Chemical Equipment Co., Ltd.1.78%$1.0044.53%
002312.SZSichuan Development Lomon Co., Ltd.1.78%$0.1967.49%
002900.KSTYM Corporation1.78%$112.2711.09%
003018.SZJinFu Technology Co., Ltd.1.78%$0.3168.11%
003023.SZChengdu Rainbow Appliance (Group) Shares Co., Ltd.1.78%$0.4051.85%
004490.KSSebang Global Battery Co., Ltd.1.78%$1,112.7311.15%
0KFH.LRevenio Group Oyj1.78%$0.4058.60%
1357.HKMeitu, Inc.1.78%$0.1344.58%
300610.SZYangzhou Chenhua New Material Co., Ltd.1.78%$0.2163.13%
3543.TKOMEDA Holdings Co., Ltd.1.78%$54.0341.58%
5450.TWONam Liong Global Corporation1.78%$0.2545.91%
600458.SSZhuzhou Times New Material Technology Co., Ltd.1.78%$0.2437.98%
603037.SSShanghai Carthane Co.,Ltd.1.78%$0.2678.70%
603876.SSJiangsu Dingsheng New Material Joint-Stock Co.,Ltd1.78%$0.2764.69%
603916.SSSobute New Materials Co., Ltd1.78%$0.1762.46%
6167.TFuji Die Co.,Ltd.1.78%$15.9369.67%
6981.TMurata Manufacturing Co., Ltd.1.78%$57.8845.13%
FLEXD.LSFlexdeal Simfe S.A.1.78%$0.0938.33%
MIKA.JKPT Mitra Keluarga Karyasehat Tbk1.78%$43.0046.34%
SARKY.ISSarkuysan Elektrolitik Bakir Sanayi ve Ticaret A.S.1.78%$0.3353.78%
002249.SZZhongshan Broad-Ocean Motor Co., Ltd.1.77%$0.1944.29%
012330.KSHyundai Mobis Co.,Ltd1.77%$6,540.9013.98%
111770.KSYoungone Corporation1.77%$1,406.1316.14%
2754.TTokatsu Holdings Co.,Ltd.1.77%$14.3118.28%
600236.SSGuangxi Guiguan Electric PowerCo.,Ltd.1.77%$0.1442.95%
603605.SSProya Cosmetics Co.,Ltd.1.77%$1.2130.20%
603759.SSHaitian Water Group Co.,Ltd1.77%$0.1932.54%
688076.SSSinopep-Allsino Bio Pharmaceutical Co.,Ltd.1.77%$0.6742.24%
8015.TToyota Tsusho Corporation1.77%$93.3828.94%
9722.TFujita Kanko Inc.1.77%$46.655.91%
9962.TMISUMI Group Inc.1.77%$43.3636.74%
ADORFO.BOAdor Fontech Limited1.77%$2.5238.55%