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STOCK COMPARISON

Techtronic Industries Co vs Lincoln Electric Holdings: Fair Value & Quality

Both stocks run through our valuation models. Here is how Techtronic Industries Co (0669) and Lincoln Electric Holdings (LECO) compare, as of Sep 5, 2026.

As of Sep 5, 2026, Fair Value Calculator sees Techtronic Industries Co as the less overvalued of the two: Techtronic Industries Co trades at HK$135 versus a fair value of HK$109 (-19%), while Lincoln Electric Holdings trades at $274 versus $152 (-45%).
Techtronic Industries Co
0669.HK · HKD · Consumer Discretionary
-19%
upside to fair value
overvalued
PriceHK$135
Fair ValueHK$109
Quality70/100
Lincoln Electric Holdings
LECO · USD · Industrials
-45%
upside to fair value
overvalued
Price$274
Fair Value$152
Quality71/100
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Head-to-head numbers

Green value = the better side for that row (for valuation multiples: lower = cheaper).

Techtronic Industries CoLincoln Electric Holdings
Valuation
25.0×P/E (TTM)25.9×
1.96×P/S (TTM)3.16×
4.30×P/B9.35×
17.9×EV/EBITDA17.3×
1.38×PEG1.65×
−19.3%Fair value upside−44.5%
2.1%Dividend yield1.1%
HK$2.82Dividend per share$3.08
Profitability
8%Operating margin17%
1.71×EBIT margin trend (5Y)1.59×
18%Return on equity38%
6%Return on assets12%
Growth
2%Revenue growth (YoY)12%
4.8%Avg. growth/yr (3Y)4.0%
9.2%Avg. growth/yr (5Y)9.8%
+10.5%Value creation/yr+16.2%
Balance & size
9.4×Interest coverage (EBIT/interest)11.7×
0.09×Debt / equity0.78×
$30BMarket cap$14B
healthyGrowth qualityhealthy
Valuation multiples (P/E, P/S, P/B, EV/EBITDA) are shown but not scored here: the two companies sit in different sectors, and multiples only compare fairly between similar business models. PEG stays scored, as it relates the P/E to growth.

Techtronic Industries Co leads: 6 to 5 metric wins.

Dash = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

Techtronic Industries Coof which business quality 69 · market factors 60 Lincoln Electric Holdingsof which business quality 70 · market factors 54
ProfitabilityMargins and returns on capital today
67
79
Quality GrowthAre margins and returns improving?
42
44
CashflowEarnings quality: real cash, not paper profit
68
61
Fin. StrengthBalance sheet, leverage, solvency risk
72
67
InvestmentDisciplined investing over empire-building
83
68
Low VolatilityCalm price path (market factor)
30
58
MomentumPrice trend over the last 3–12 months (market factor)
66
48
52W MomentumDistance to the 52-week high (market factor)
84
57
Net IssuanceBuybacks instead of dilution
83
100

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familyTechtronic Industries CoPrice HK$135Lincoln Electric HoldingsPrice $274
DCF Models-87%below the priceHK$17.62-44%below the price$154
Earnings-Based-95%below the priceHK$7.03-73%below the price$75.27
Dividend Discount-96%below the priceHK$6.00-81%below the price$51.61
Multiples-92%below the priceHK$10.49-39%below the price$166
Asset-Based-98%below the priceHK$2.55-93%below the price$17.97
Growth DCF-87%below the priceHK$17.25-49%below the price$141
Economic Profit-95%below the priceHK$6.50-62%below the price$104
Growth Earnings-91%below the priceHK$12.07-38%below the price$171
Minimum-98%below the priceHK$2.55-93%below the price$17.97
Maximum-87%below the priceHK$17.62-38%below the price$171
Median-94%below the priceHK$8.76-55%below the price$123
Geometric mean-94%below the priceHK$8.48-67%below the price$90.45

Minimum, maximum, median and geometric mean refer to the family values in this table. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

Techtronic Industries Co: 26 of 26 models see the stock below the current price.

Lincoln Electric Holdings: 26 of 26 models see the stock below the current price.

Scenario ranges

From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.

Techtronic Industries Co
Bear HK$81.61Fair Value HK$109Bull HK$136
HK$135 = current price (white tick)
Lincoln Electric Holdings
Bear $94.61Fair Value $152Bull $223
$274 = current price (white tick)

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

Techtronic Industries Co · Consumer Discretionary

Quality score70 · Top 25%
Fair value upside-19% · below median

Lincoln Electric Holdings · Industrials

Quality score71 · Top 25%
Fair value upside-45% · below median

Bottom line

As of Sep 5, 2026, Fair Value Calculator sees Techtronic Industries Co as the less overvalued of the two: Techtronic Industries Co trades at HK$135 versus a fair value of HK$109 (-19%), while Lincoln Electric Holdings trades at $274 versus $152 (-45%).

Lincoln Electric Holdings has the higher quality score (71/100).

See the full analysis →

More comparisons

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A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.