LINCOLN NATIONAL CORP (LNC) Stock Fundamental Analysis
USA - NYSE:LNC - US5341871094 - Common Stock
39.51 USD
-0.74 (-1.84%)
Overall LNC gets a fundamental rating of 4 out of 10. We evaluated LNC against 145 industry peers in the Insurance industry. LNC may be in some trouble as it scores bad on both profitability and health. LNC scores decently on growth, while it is valued quite cheap. This could make an interesting combination. Finally LNC also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
LNC had positive earnings in the past year.
LNC had a positive operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: LNC reported negative net income in multiple years.
The reported operating cash flow has been mixed in the past 5 years: LNC reported negative operating cash flow in multiple years.
1.2 Ratios
LNC has a worse Return On Assets (0.26%) than 75.86% of its industry peers.
The Return On Equity of LNC (10.96%) is comparable to the rest of the industry.
Looking at the Return On Invested Capital, with a value of 0.32%, LNC is doing worse than 67.59% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.26% | ||
| ROE | 10.96% | ||
| ROIC | 0.32% |
ROA(3y)-0.03%
ROA(5y)0.11%
ROE(3y)-5.83%
ROE(5y)-1.24%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
Looking at the Profit Margin, with a value of 5.75%, LNC is doing worse than 62.07% of the companies in the same industry.
In the last couple of years the Profit Margin of LNC has grown nicely.
LNC has a worse Operating Margin (8.43%) than 64.14% of its industry peers.
In the last couple of years the Operating Margin of LNC has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 8.43% | ||
| PM (TTM) | 5.75% | ||
| GM | N/A |
OM growth 3Y12.1%
OM growth 5Y19.11%
PM growth 3Y17.77%
PM growth 5Y24.78%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
LNC has more shares outstanding than it did 1 year ago.
The number of shares outstanding for LNC has been reduced compared to 5 years ago.
Compared to 1 year ago, LNC has an improved debt to assets ratio.
2.2 Solvency
LNC has a debt to FCF ratio of 6.16. This is a slightly negative value and a sign of low solvency as LNC would need 6.16 years to pay back of all of its debts.
The Debt to FCF ratio of LNC (6.16) is worse than 62.76% of its industry peers.
A Debt/Equity ratio of 0.60 indicates that LNC is somewhat dependend on debt financing.
LNC has a worse Debt to Equity ratio (0.60) than 80.69% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.6 | ||
| Debt/FCF | 6.16 | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | N/A | ||
| Quick Ratio | N/A |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 101.78% over the past year.
Measured over the past years, LNC shows a decrease in Earnings Per Share. The EPS has been decreasing by -7.39% on average per year.
The Revenue has grown by 10.32% in the past year. This is quite good.
LNC shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 3.52% yearly.
EPS 1Y (TTM)101.78%
EPS 3Y-8.69%
EPS 5Y-7.39%
EPS Q2Q%28.26%
Revenue 1Y (TTM)10.32%
Revenue growth 3Y1.12%
Revenue growth 5Y3.52%
Sales Q2Q%-10.67%
3.2 Future
The Earnings Per Share is expected to grow by 10.56% on average over the next years. This is quite good.
LNC is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.12% yearly.
EPS Next Y24.46%
EPS Next 2Y12.91%
EPS Next 3Y11.11%
EPS Next 5Y10.56%
Revenue Next Year3.69%
Revenue Next 2Y3.94%
Revenue Next 3Y3.93%
Revenue Next 5Y4.12%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 4.98, the valuation of LNC can be described as very cheap.
LNC's Price/Earnings ratio is rather cheap when compared to the industry. LNC is cheaper than 80.69% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.49, LNC is valued rather cheaply.
With a Price/Forward Earnings ratio of 4.98, the valuation of LNC can be described as very cheap.
Based on the Price/Forward Earnings ratio, LNC is valued cheaper than 82.76% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of LNC to the average of the S&P500 Index (22.99), we can say LNC is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 4.98 | ||
| Fwd PE | 4.98 |
4.2 Price Multiples
Based on the Price/Free Cash Flow ratio, LNC is valued a bit cheaper than 62.07% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8 | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
PEG (NY)0.2
PEG (5Y)N/A
EPS Next 2Y12.91%
EPS Next 3Y11.11%
5. Dividend
5.1 Amount
LNC has a Yearly Dividend Yield of 4.51%, which is a nice return.
Compared to an average industry Dividend Yield of 3.54, LNC pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.43, LNC pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.51% |
5.2 History
The dividend of LNC is nicely growing with an annual growth rate of 9.26%!
LNC has been paying a dividend for at least 10 years, so it has a reliable track record.
LNC has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)9.26%
Div Incr Years0
Div Non Decr Years14
5.3 Sustainability
LNC pays out 38.05% of its income as dividend. This is a sustainable payout ratio.
LNC's earnings are growing around the same pace than its dividend. As long as the earnings growth is kept the dividend growth is sustainable.
DP38.05%
EPS Next 2Y12.91%
EPS Next 3Y11.11%
NYSE:LNC (10/15/2025, 2:35:07 PM)
39.51
-0.74 (-1.84%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupInsurance
GICS IndustryInsurance
Earnings (Last)
Earnings (Next)
Inst Owners70.74%
Inst Owner Change-0.01%
Ins Owners0.41%
Ins Owner Change-3.19%
Market Cap7.49B
Analysts54.29
Price Target43.77 (10.78%)
Short Float %2.99%
Short Ratio2.5
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.51% |
Yearly Dividend2.34
Dividend Growth(5Y)9.26%
DP38.05%
Div Incr Years0
Div Non Decr Years14
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)13.5%
Min EPS beat(2)3.35%
Max EPS beat(2)23.66%
EPS beat(4)4
Avg EPS beat(4)15.21%
Min EPS beat(4)3.35%
Max EPS beat(4)25.62%
EPS beat(8)6
Avg EPS beat(8)-9.79%
EPS beat(12)7
Avg EPS beat(12)-12.29%
EPS beat(16)7
Avg EPS beat(16)-13.33%
Revenue beat(2)0
Avg Revenue beat(2)-7.49%
Min Revenue beat(2)-14.07%
Max Revenue beat(2)-0.91%
Revenue beat(4)0
Avg Revenue beat(4)-7.25%
Min Revenue beat(4)-14.07%
Max Revenue beat(4)-0.91%
Revenue beat(8)0
Avg Revenue beat(8)-12.77%
Revenue beat(12)3
Avg Revenue beat(12)-7.22%
Revenue beat(16)7
Avg Revenue beat(16)-2.02%
PT rev (1m)3.9%
PT rev (3m)12.62%
EPS NQ rev (1m)-0.97%
EPS NQ rev (3m)1.55%
EPS NY rev (1m)0.64%
EPS NY rev (3m)7.06%
Revenue NQ rev (1m)-0.43%
Revenue NQ rev (3m)2.22%
Revenue NY rev (1m)-0.08%
Revenue NY rev (3m)1.39%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 4.98 | ||
| Fwd PE | 4.98 | ||
| P/S | 0.41 | ||
| P/FCF | 8 | ||
| P/OCF | 8 | ||
| P/B | 0.78 | ||
| P/tB | 0.89 | ||
| EV/EBITDA | N/A |
EPS(TTM)7.93
EY20.07%
EPS(NY)7.93
Fwd EY20.07%
FCF(TTM)4.94
FCFY12.5%
OCF(TTM)4.94
OCFY12.5%
SpS95.95
BVpS50.36
TBVpS44.33
PEG (NY)0.2
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.26% | ||
| ROE | 10.96% | ||
| ROCE | 0.39% | ||
| ROIC | 0.32% | ||
| ROICexc | 0.33% | ||
| ROICexgc | 0.95% | ||
| OM | 8.43% | ||
| PM (TTM) | 5.75% | ||
| GM | N/A | ||
| FCFM | 5.15% |
ROA(3y)-0.03%
ROA(5y)0.11%
ROE(3y)-5.83%
ROE(5y)-1.24%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3Y18.6%
ROICexcg growth 5Y24.83%
ROICexc growth 3Y13.38%
ROICexc growth 5Y19.96%
OM growth 3Y12.1%
OM growth 5Y19.11%
PM growth 3Y17.77%
PM growth 5Y24.78%
GM growth 3YN/A
GM growth 5YN/A
F-Score5
Asset Turnover0.05
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.6 | ||
| Debt/FCF | 6.16 | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | 250 | ||
| Cash Conversion | N/A | ||
| Profit Quality | 89.48% | ||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z | N/A |
F-Score5
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)101.78%
EPS 3Y-8.69%
EPS 5Y-7.39%
EPS Q2Q%28.26%
EPS Next Y24.46%
EPS Next 2Y12.91%
EPS Next 3Y11.11%
EPS Next 5Y10.56%
Revenue 1Y (TTM)10.32%
Revenue growth 3Y1.12%
Revenue growth 5Y3.52%
Sales Q2Q%-10.67%
Revenue Next Year3.69%
Revenue Next 2Y3.94%
Revenue Next 3Y3.93%
Revenue Next 5Y4.12%
EBIT growth 1Y-18.4%
EBIT growth 3Y13.35%
EBIT growth 5Y23.3%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-34.04%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-34.04%
OCF growth 3YN/A
OCF growth 5YN/A