LINCOLN NATIONAL CORP (LNC) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:LNC - US5341871094 - Common Stock
45.35 USD
-0.39 (-0.85%)
We assign a fundamental rating of 4 out of 10 to LNC. LNC was compared to 148 industry peers in the Insurance industry. Both the profitability and financial health of LNC have multiple concerns. LNC has a decent growth rate and is not valued too expensively. LNC also has an excellent dividend rating.
1. Profitability
1.1 Basic Checks
In the past year LNC was profitable.
In the past year LNC has reported a negative cash flow from operations.
In multiple years LNC reported negative net income over the last 5 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 (0.49%) than 72.30% of its industry peers.
LNC has a better Return On Equity (19.32%) than 85.81% of its industry peers.
The Return On Invested Capital of LNC (0.55%) is worse than 68.92% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.49% | ||
| ROE | 19.32% | ||
| ROIC | 0.55% |
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
With a decent Profit Margin value of 10.28%, LNC is doing good in the industry, outperforming 62.84% of the companies in the same industry.
LNC's Profit Margin has improved in the last couple of years.
LNC has a Operating Margin (14.02%) which is in line with its industry peers.
In the last couple of years the Operating Margin of LNC has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 14.02% | ||
| PM (TTM) | 10.28% | ||
| 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.
Compared to 5 years ago, LNC has less shares outstanding
The debt/assets ratio for LNC has been reduced compared to a year ago.
2.2 Solvency
A Debt/Equity ratio of 0.55 indicates that LNC is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.55, LNC is doing worse than 75.68% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.55 | ||
| Debt/FCF | N/A | ||
| 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
LNC shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 37.33%, which is quite impressive.
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.
LNC shows a strong growth in Revenue. In the last year, the Revenue has grown by 37.15%.
The Revenue has been growing slightly by 3.52% on average over the past years.
EPS 1Y (TTM)37.33%
EPS 3Y-8.69%
EPS 5Y-7.39%
EPS Q2Q%-0.97%
Revenue 1Y (TTM)37.15%
Revenue growth 3Y1.12%
Revenue growth 5Y3.52%
Sales Q2Q%10.8%
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 4.42% yearly.
EPS Next Y28.31%
EPS Next 2Y14.15%
EPS Next 3Y12.38%
EPS Next 5Y10.56%
Revenue Next Year3.62%
Revenue Next 2Y4.19%
Revenue Next 3Y4.19%
Revenue Next 5Y4.42%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 5.73 indicates a rather cheap valuation of LNC.
LNC's Price/Earnings ratio is rather cheap when compared to the industry. LNC is cheaper than 84.46% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 26.92. LNC is valued rather cheaply when compared to this.
With a Price/Forward Earnings ratio of 5.60, the valuation of LNC can be described as very cheap.
LNC's Price/Forward Earnings ratio is rather cheap when compared to the industry. LNC is cheaper than 81.08% of the companies in the same industry.
LNC is valuated cheaply when we compare the Price/Forward Earnings ratio to 23.46, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.73 | ||
| Fwd PE | 5.6 |
4.2 Price Multiples
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | N/A |
4.3 Compensation for Growth
LNC's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
A more expensive valuation may be justified as LNC's earnings are expected to grow with 12.38% in the coming years.
PEG (NY)0.2
PEG (5Y)N/A
EPS Next 2Y14.15%
EPS Next 3Y12.38%
5. Dividend
5.1 Amount
LNC has a Yearly Dividend Yield of 3.91%.
Compared to an average industry Dividend Yield of 2.42, LNC pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.00, LNC pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.91% |
5.2 History
On average, the dividend of LNC grows each year by 9.26%, which is quite nice.
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
20.16% of the earnings are spent on dividend by LNC. This is a low number and sustainable payout ratio.
The dividend of LNC is growing around the same rate as the earnings are growing. If this keeps up the dividend growth is sustainable.
DP20.16%
EPS Next 2Y14.15%
EPS Next 3Y12.38%
NYSE:LNC (12/29/2025, 2:56:10 PM)
45.35
-0.39 (-0.85%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupInsurance
GICS IndustryInsurance
Earnings (Last)
Earnings (Next)
Inst Owners74.32%
Inst Owner Change6.9%
Ins Owners0.41%
Ins Owner Change-0.41%
Market Cap8.61B
Revenue(TTM)19.63B
Net Income(TTM)2.02B
Analysts54.29
Price Target46.14 (1.74%)
Short Float %3.07%
Short Ratio3.43
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.91% |
Yearly Dividend2.34
Dividend Growth(5Y)9.26%
DP20.16%
Div Incr Years0
Div Non Decr Years14
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)16.2%
Min EPS beat(2)8.74%
Max EPS beat(2)23.66%
EPS beat(4)4
Avg EPS beat(4)11%
Min EPS beat(4)3.35%
Max EPS beat(4)23.66%
EPS beat(8)7
Avg EPS beat(8)2.19%
EPS beat(12)8
Avg EPS beat(12)-9.64%
EPS beat(16)8
Avg EPS beat(16)-10.43%
Revenue beat(2)0
Avg Revenue beat(2)-10.01%
Min Revenue beat(2)-14.07%
Max Revenue beat(2)-5.95%
Revenue beat(4)0
Avg Revenue beat(4)-5.78%
Min Revenue beat(4)-14.07%
Max Revenue beat(4)-0.91%
Revenue beat(8)0
Avg Revenue beat(8)-12.04%
Revenue beat(12)2
Avg Revenue beat(12)-9.67%
Revenue beat(16)6
Avg Revenue beat(16)-2.89%
PT rev (1m)2.8%
PT rev (3m)8.21%
EPS NQ rev (1m)-0.16%
EPS NQ rev (3m)0.28%
EPS NY rev (1m)0.26%
EPS NY rev (3m)3.1%
Revenue NQ rev (1m)-0.04%
Revenue NQ rev (3m)0.33%
Revenue NY rev (1m)-0.11%
Revenue NY rev (3m)-0.16%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.73 | ||
| Fwd PE | 5.6 | ||
| P/S | 0.44 | ||
| P/FCF | N/A | ||
| P/OCF | N/A | ||
| P/B | 0.82 | ||
| P/tB | 0.93 | ||
| EV/EBITDA | N/A |
EPS(TTM)7.91
EY17.44%
EPS(NY)8.1
Fwd EY17.87%
FCF(TTM)-0.94
FCFYN/A
OCF(TTM)-0.94
OCFYN/A
SpS103.36
BVpS55.03
TBVpS49
PEG (NY)0.2
PEG (5Y)N/A
Graham Number98.96
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.49% | ||
| ROE | 19.32% | ||
| ROCE | 0.68% | ||
| ROIC | 0.55% | ||
| ROICexc | 0.57% | ||
| ROICexgc | 1.7% | ||
| OM | 14.02% | ||
| PM (TTM) | 10.28% | ||
| GM | N/A | ||
| FCFM | N/A |
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
ROICexgc growth 3Y18.6%
ROICexgc 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-Score6
Asset Turnover0.05
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.55 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | N/A | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | N/A | ||
| Current Ratio | N/A | ||
| Quick Ratio | N/A | ||
| Altman-Z | N/A |
F-Score6
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)37.33%
EPS 3Y-8.69%
EPS 5Y-7.39%
EPS Q2Q%-0.97%
EPS Next Y28.31%
EPS Next 2Y14.15%
EPS Next 3Y12.38%
EPS Next 5Y10.56%
Revenue 1Y (TTM)37.15%
Revenue growth 3Y1.12%
Revenue growth 5Y3.52%
Sales Q2Q%10.8%
Revenue Next Year3.62%
Revenue Next 2Y4.19%
Revenue Next 3Y4.19%
Revenue Next 5Y4.42%
EBIT growth 1Y2379.28%
EBIT growth 3Y13.35%
EBIT growth 5Y23.3%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-121.84%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-121.84%
OCF growth 3YN/A
OCF growth 5YN/A
LINCOLN NATIONAL CORP / LNC FAQ
Can you provide the ChartMill fundamental rating for LINCOLN NATIONAL CORP?
ChartMill assigns a fundamental rating of 4 / 10 to LNC.
What is the valuation status for LNC stock?
ChartMill assigns a valuation rating of 6 / 10 to LINCOLN NATIONAL CORP (LNC). This can be considered as Fairly Valued.
How profitable is LINCOLN NATIONAL CORP (LNC) stock?
LINCOLN NATIONAL CORP (LNC) has a profitability rating of 3 / 10.
Can you provide the financial health for LNC stock?
The financial health rating of LINCOLN NATIONAL CORP (LNC) is 1 / 10.
Is the dividend of LINCOLN NATIONAL CORP sustainable?
The dividend rating of LINCOLN NATIONAL CORP (LNC) is 8 / 10 and the dividend payout ratio is 20.16%.