LCLN Stock Analysis: Lincoln International | NYSE
Capital Markets | NYSE, USA | Market Cap: 2.747m USD | 12M Return: 1.7% | US5337141015 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 16.3M
Rev. Trend: 96.6%
Warnings
Tailwinds
Seasonality 0.3 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Lincoln International, Inc. (LCLN) is an independent investment banking advisory firm focused on private capital markets, operating in the United States and internationally. Founded in 1996 and headquartered in Chicago, Illinois, the company conducts business through two main segments: Investment Banking Advisory, which covers capital advisory services (debt advisory, special situations and restructuring, and growth/minority equity) and private funds advisory (structured/continuation vehicles, single asset vehicles, primary funds, and co-investment vehicles); and Valuations and Opinions, which provides portfolio valuations, transaction opinions, board advisory, and disputes advisory services to alternative asset managers and institutional investors. The firm also offers strategic consulting, an executive peer exchange program called Connect, and an agency member network known as FirstChoice, serving clients across the Business Services, Consumer, Healthcare, Industrials, and Technology sectors.
As a fee-based advisory firm, Lincoln International generates revenue primarily through transaction fees, retainer fees, and valuation engagements rather than by taking principal investment positions, a common business model within the capital markets industry. The companys focus on private capital markets and middle-market advisory distinguishes it from large bulge-bracket banks that typically serve larger public-company transactions.
- Private market M&A deal volumes drive advisory segment revenue
- Valuations and Opinions expands with private credit fund mandates
- IPO proceeds fund advisor hiring and platform investment
| Net Income: 37.4m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.18 > 0.02 and ΔFCF/TA -4.26 > 1.0 |
| NWC/Revenue: 31.35% < 20% (prev 60.01%; Δ -28.66% < -1%) |
| CFO/TA 0.18 > 3% & CFO 183.1m > Net Income 37.4m |
| Net Debt (131.1m) to EBITDA (105.2m): 1.25 < 3 |
| Current Ratio: 2.41 > 1.5 & < 3 |
| Outstanding Shares: last fiscal year (102.0m) vs prev -1.57% < -2% |
| Gross Margin: 42.44% > 18% (prev 69.81%; Δ -27.38% > 0.5%) |
| Asset Turnover: 81.24% > 50% (prev 90.41%; Δ -9.16% > 0%) |
| Interest Coverage Ratio: error (cannot be calculated; needs correct EBIT TTM and Interest Expense TTM) |
| A: 0.21 (Total Current Assets 356.4m - Total Current Liabilities 147.9m) / Total Assets 997.8m |
| B: 0.00 (Retained Earnings 455k / Total Assets 997.8m) |
| C: 0.06 (EBIT TTM 45.1m / Avg Total Assets 819.0m) |
| D: 0.32 (Book Value of Equity 179.5m / Total Liabilities 560.5m) |
| Altman-Z'' = 2.08 = BBB |
| DSRI: 0.67 (Receivables 105.8m/138.2m, Revenue 665.4m/578.7m) |
| GMI: 1.65 (GM 69.81% / 42.44%) |
| AQI: 3.09 (AQ_t 0.48 / AQ_t-1 0.15) |
| SGI: 1.15 (Revenue 665.4m / 578.7m) |
| TATA: -0.15 (NI 37.4m - CFO 183.1m) / TA 997.8m) |
| Beneish M = -1.39 (Cap -4..+1) = D |
As of September 27, 2026, the stock is trading at USD 23.37 with a total of 345,102 shares traded. Over the past week, the price has changed by -10.49%, over one month by -1.41%, over three months by +1.89% and over the past year by +1.67%.
Current recommended Stop Loss: 20.70 (which is 11.4% or 2.2 ATR below the current price).
Lincoln International has no consensus analysts rating.
P/S = 3.1441
P/B = 6.7102
Revenue TTM = 665.4m USD
EBIT TTM = 45.1m USD
EBITDA TTM = 105.2m USD
Long Term Debt = 101.9m USD (from longTermDebt, last quarter)
Short Term Debt = 139.9m USD (from shortTermDebt, last quarter)
Debt = 381.7m USD (from shortLongTermDebtTotal, last quarter) + Leases 139.9m
Net Debt = 131.1m USD (calculated: Debt 381.7m - CCE 250.6m)
Enterprise Value = 2.88b USD (2.75b + Debt 381.7m - CCE 250.6m)
Interest Coverage Ratio = unknown (Ebit TTM 45.1m / Interest Expense TTM 0.0)
EV/FCF = 16.27x (Enterprise Value 2.88b / FCF TTM 176.9m)
FCF Yield = 6.15% (FCF TTM 176.9m / Enterprise Value 2.88b)
FCF Margin = 26.58% (FCF TTM 176.9m / Revenue TTM 665.4m)
Net Margin = 5.62% (Net Income TTM 37.4m / Revenue TTM 665.4m)
Gross Margin = 42.44% ((Revenue TTM 665.4m - Cost of Revenue TTM 383.0m) / Revenue TTM)
Gross Margin QoQ = 13.22% (prev 70.83%)
Tobins Q-Ratio = 2.88 (Enterprise Value 2.88b / Total Assets 997.8m)
Interest Expense / Debt = 0.0% (Interest Expense 0.0 / Debt 381.7m)
Taxrate = 4.90% (1.92m / 39.2m)
NOPAT = 42.9m (EBIT 45.1m * (1 - 4.90%))
Current Ratio = 2.41 (Total Current Assets 356.4m / Total Current Liabilities 147.9m)
Debt / Equity = 2.13 (Debt 381.7m / totalStockholderEquity, last quarter 179.5m)
Debt / EBITDA = 1.25 (Net Debt 131.1m / EBITDA 105.2m)
Debt / FCF = 0.74 (Net Debt 131.1m / FCF TTM 176.9m)
Total Stockholder Equity = 431.2m (last fiscal year from totalStockholderEquity)
RoA = 4.57% (Net Income 37.4m / Total Assets 997.8m)
RoE = 8.67% (Net Income TTM 37.4m / Total Stockholder Equity 431.2m)
RoCE = 8.46% (EBIT 45.1m / Capital Employed (Equity 431.2m + L.T.Debt 101.9m))
RoIC = 4.49% (NOPAT 42.9m / Invested Capital 956.5m)
WACC = 4.28% (E(2.75b)/V(3.13b) * Re(4.87%) + D(381.7m)/V(3.13b) * Rd(0.0%) * (1-Tc(0.05)))
Discount Rate = 4.87% (= CAPM, Blume Beta Adj.)
Shares (yearly) Correlation: 33.33 | Cagr: 286.1%
[DCF] Terminal Value 77.97% ; FCFF base≈162.4m ; Y1≈186.2m ; Y5≈274.0m
[DCF] Fair Price = 114.6 (EV 4.12b - Net Debt 131.1m = Equity 3.99b / Shares 34.8m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: N/A | # QB: 0
Revenue Correlation: 96.55 | Revenue CAGR: 22.97% | SUE: N/A | # QB: 0
EPS current Quarter (2026-09-30): EPS=0.27 | Chg30d=+1.16% | Revisions=+17% | Analysts=7
EPS current Year (2026-12-31): EPS=1.36 | Chg30d=+11.24% | Revisions=+62% | GrowthEPS=+0.0% | GrowthRev=+29.8%
EPS next Year (2027-12-31): EPS=1.74 | Chg30d=+1.50% | Revisions=+12% | GrowthEPS=+28.0% | GrowthRev=+14.3%
[Analyst] Revisions Ratio: +44% (up=10, down=3)