Lincoln International, Inc (LCLN) Fair Value & Analysis

Financial Services · US · Market cap $825M

A solid business, but screening 19% overvalued on our models.

What matters now

• The price sits above even our optimistic bull case ($23.07). The favourable scenario is already priced in.
• Solid but not exceptional quality (65/100) and above fair value, neither a clear bargain nor a standout compounder.
• For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.

Price vs Fair Value (3 months)

White line = price, green steps = our fair value per fiscal year. As of Jul 26, 2026.

How to read this chart

3‑month range $20.43 – $24.84 · fair‑value band $16.68 – $23.07 · the $24.55 price screens above the $19.87 fair value. As of Jul 26, 2026.

Full chart & analysis →

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Analysis

Lincoln International, Inc (LCLN) currently trades at $24.55, while our model-based Fair Value estimate is $19.87, implying the stock looks roughly 19.1% overvalued today. The Quality Score stands at 65/100 (solid quality), in the Financial Services sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).

Over the trailing twelve months, Lincoln International, Inc generated revenue of $797M at a net margin of 24.0%. Revenue grew 19.2% year over year. Fundamentals as of Jul 26, 2026

Our scenario range runs from $16.68 (bear case) to $23.07 (bull case); at $24.55, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 3% below its 52-week high and 12% above its 52-week low, currently above its 200-day average. For context, the median of 10 Financial Services peers we cover trades at 11% fair-value upside, at -19%, LCLN screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Widest divergence: Growth DCF ($54.74) versus Earnings-Based ($3.00). Highest evidence: Growth DCF (72).

Key figures & financial health

Quality Score breakdown

About the company

Lincoln International, Inc. operates as an independent investment banking advisory firm focuses on the private capital markets in United States and Internationally. The company operates through two segments: Investment Banking Advisory and Valuations and Opinions.

Full company description

Lincoln International, Inc. operates as an independent investment banking advisory firm focuses on the private capital markets in United States and Internationally. The company operates through two segments: Investment Banking Advisory and Valuations and Opinions. The investment Banking Advisory segment provides capital advisory, such as debt advisory, special situations and restructuring, and growth/minority equity; private funds advisory, includes structured / continuation vehicles, single asset vehicles, primary funds, and co-investment vehicles. The Valuations and Opinions segment provides portfolio valuations, transaction opinions and board advisory, disputes advisory services to alternative asset managers includes private equity firms, private credit firms, mutual funds, insurance companies, banks, infrastructure firms, hedge funds, and institutional investors; In addition it also provides financial advice to general partners, boards of directors, special committees, investors, trustees, and other corporate decision-makers at both public and private companies; other services, such as strategic consulting, an executive peer exchange called Connect, which fosters connection and mentorship among leaders within the insurance and wealth sectors, and an agency member network, FirstChoice, which provides members direct insurance carrier access, strategic business planning, advanced technology services, and a education platform. It also develops a platform to support clients in attracting capital and investing with purpose, driving value, and realizing returns. It serves Business Services, Consumer, Healthcare, Industrials, and Technology sectors. The company was founded in 1996 and is based in Chicago, Illinois.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Lincoln International, Inc reported revenue of $854M in FY2025 versus $641M in FY2021, a compound +7.5%/yr. Reported net income was $5.4M in FY2025, compounding −64.0%/yr from FY2021.

LCLN screens 19% overvalued. Compare with Huatai Securities Co →

Peer Group

Capital Markets · 425 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Valuation Multiples vs Capital Markets median · lower = cheaper

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

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Frequently asked questions

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.