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Activities Lincoln Educational Services Corporation and its subsidiaries (collectively, the Company , we , our , and us , as applicable) provide diversified career-oriented postsecondary education to recent high school graduates and working adults. The Company, which currently operates 22 campuses in 12 states, has entered into leases for two new campuses: one in Hicksville, New York, …
$50.07
+$1.01 (+2.06%)
Price from 2 days ago
Operating margin is thin at 5.85%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue up 17.8% YoY with margins expanding 2.4pp.
At 70x earnings, the current multiple leaves limited room for execution misses or growth deceleration. Negative free cash flow of -$27M. The business is consuming cash, not generating it.
69.5x earnings. 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.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$545M
▲ +17.8% YoY
Net Income (TTM)
$22M
▲ +102.2% YoY
Op. Margin
6.11%
▲ +2.4pp YoY
ROIC
6.88%
▲ +3.1pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$9M
▲ +0.9% YoY
Op. Cash Flow (TTM)
$72M
▲ +102.4% YoY
Net Debt
$190M
Cash & Equiv.
$17M
5Y CAGR: +12.1%
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