Lincoln International Inc.
Lincoln International Inc. Class A Common Stock represents equity in Lincoln International, a Chicago-based investment banking advisory firm focused on private capital markets. The company provides advisory services across mergers and acquisitions, debt advisory, restructuring, growth and minority equity, and private funds advisory, serving clients in business services, consumer, financial services, healthcare, industrials, and technology. It also operates a Valuations and Opinions segment that delivers independent assessments and financial analysis for corporate and transaction purposes. Lincoln International works with companies, private equity firms, and other market participants involved in complex middle-market transactions. Its Class A common stock offers public investors exposure to a specialized financial services business centered on advisory work rather than lending or asset management. The stock is part of the company’s listed equity structure and reflects market participation in its advisory and valuation-focused operations.
$24.58
+$0.58 (+2.42%)
EOD Oct 22, 2026
Operating margin is thin at 3.33%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue grew 47.6%, still solid. Margins contracted 24.0pp, which offsets some of the top-line progress.
At 273x earnings, the current multiple leaves limited room for execution misses or growth deceleration. ROIC dropped from 30.65% to 3.57%, capital efficiency is deteriorating.
273.1x earnings, 4.6x FCF. The market is pricing in years of above-average growth. If that thesis breaks, downside from multiple compression alone could be 30%+. This is a stock where you're paying for the future, not the present.
Price History
Valuation & Multiples
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (FY)
$854M
▲ +47.6% YoY
Net Income (FY)
$13M
▼ -91.8% YoY
Op. Margin
3.33%
▼ -24.0pp YoY
ROIC
3.57%
▼ -27.1pp YoY
Cash Flow & Balance Sheet
FCF (FY)
$214M
▲ +52.4% YoY
Op. Cash Flow (FY)
$216M
▲ +44.9% YoY
Net Debt
$99M
Cash & Equiv.
$320M
Continue Research
Is Lincoln International (LCLN) overvalued?
At a P/E of 273.1 and a price-to-free-cash-flow of 4.6, Lincoln International (LCLN) trades below a two-stage DCF intrinsic value of about $268.02 per share, so at $24.58 the stock looks undervalued (990.4% below estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Lincoln International scores 58/100 on Intrinsiqq's quality scorecard (a mixed business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. All figures are computed from company filings; read the full methodology, or see how the market compares in our US profitability statistics. This is analysis, not investment advice.
Frequently asked
What is Lincoln International's fair value?+
Intrinsiqq's two-stage DCF estimates an intrinsic value of about $268.02 per share for LCLN, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around $201.01. At today's $24.58, that puts the stock about 990.4% below estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
Is Lincoln International a high-quality business?+
Lincoln International scores 58 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which makes it a mixed business on these measures. Recent fundamentals include a 3.3% operating margin and a 3.6% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from company filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Is Lincoln International a good stock to buy right now?+
That depends on valuation and quality together, not either alone. LCLN currently trades below its estimated intrinsic value and scores 58/100 on quality (mixed). A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from company filings, not investment advice.
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Data sourced from company filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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