Lincoln National Corporation
Find Ratings ReportsLINCOLN NATIONAL CORP's gross profit margin for the fourth quarter of its fiscal year 2023 has significantly decreased when compared to the same period a year ago. Sales and net income fell significantly, underperforming compared to the average company in its subsector.
At the same time, stockholders' equity ("net worth") has greatly increased by 50.86% from the same quarter last year.
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Income Statement | Q4 FY23 | Q4 FY22 |
---|---|---|
Net Sales ($mil) | 641.0 | 3828.0 |
EBITDA ($mil) | 0.0 | 0.0 |
EBIT ($mil) | -1505.0 | 1098.0 |
Net Income ($mil) | -1235.0 | 813.0 |
Balance Sheet | Q4 FY23 | Q4 FY22 |
---|---|---|
Cash & Equiv. ($mil) | 9981.0 | 10193.0 |
Total Assets ($mil) | 372413.0 | 335108.0 |
Total Debt ($mil) | 6105.0 | 6713.0 |
Equity ($mil) | 6893.0 | 4569.0 |
Profitability | Q4 FY23 | Q4 FY22 |
---|---|---|
Gross Profit Margin | -234.79 | 28.68 |
EBITDA Margin | 0.0 | 0.0 |
Operating Margin | -234.79 | 28.68 |
Sales Turnover | 0.03 | 0.06 |
Return on Assets | -0.2 | 0.4 |
Return on Equity | -12.1 | 29.72 |
Debt | Q4 FY23 | Q4 FY22 |
---|---|---|
Current Ratio | 0.0 | 0.0 |
Debt/Capital | 0.47 | 0.6 |
Interest Expense | 81.0 | 78.0 |
Interest Coverage | -18.58 | 14.08 |
Share Data | Q4 FY23 | Q4 FY22 |
---|---|---|
Shares outstanding (mil) | 169.67 | 169.22 |
Div / share | 0.45 | 0.45 |
EPS | -7.35 | 4.73 |
Book value / share | 40.63 | 27.0 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 1913184.0 | 2283157.0 |
SELL. The current P/E ratio is negative, which has no meaningful value in the assessment of premium or discount valuation, it simply displays that the company has negative earnings. For additional comparison, its price-to-book ratio of 0.66 indicates a significant discount versus the S&P 500 average of 4.68 and a significant discount versus the subsector average of 3.52. The price-to-sales ratio is well below both the S&P 500 average and the subsector average, indicating a discount. After reviewing these and other key valuation criteria, LINCOLN NATIONAL CORP proves to trade at a discount to investment alternatives.
Price/Earnings |
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Price/Cash Flow |
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LNC NM | Peers 21.84 | LNC NM | Peers 13.60 | |||||||||||||||||||||
Neutral. The absence of a valid P/E ratio happens when a stock can not be valued on the basis of a negative stream of earnings. LNC's P/E is negative making this valuation measure meaningless. |
Neutral. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures. LNC's P/CF is negative making the measure meaningless. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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LNC 3.55 | Peers 14.42 | LNC NA | Peers 0.87 | |||||||||||||||||||||
Discount. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth expectations. LNC is trading at a significant discount to its peers. |
Neutral. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples. Ratio not available. |
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Price/Book |
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Earnings Growth |
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LNC 0.66 | Peers 3.52 | LNC -166.71 | Peers 95.58 | |||||||||||||||||||||
Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet. LNC is trading at a significant discount to its peers. |
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. However, LNC is expected to significantly trail its peers on the basis of its earnings growth rate. |
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Price/Sales |
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Sales Growth |
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LNC 0.40 | Peers 1.96 | LNC -39.17 | Peers 37.25 | |||||||||||||||||||||
Discount. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales. LNC is trading at a significant discount to its subsector on this measurement. |
Lower. A sales growth rate that trails the subsector implies that a company is losing market share. LNC significantly trails its peers on the basis of sales growth. |
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