Hillman Solutions Corp (HLMN) is slightly undervalued and Lincoln Electric Holdings Inc (LECO) is overvalued.
Against our estimates of intrinsic value, HLMN trades at the wider discount: a margin of safety of +15%, against -40% for LECO.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 9.2% (average of 3 methods) values the shares at $8.56; the price of $7.25 is 15% below that value, and 75% of that value comes from beyond year five.
Leak Score 51/100 on 9 of 12 signals
Discounting its cash flows at 10.3% (average of 3 methods) values the shares at $187.86; the price of $262.99 is 40% above that value, and 72% of that value comes from beyond year five.
Leak Score 59/100 on 3 of 12 signals
| Metric | HLMN | LECO |
|---|---|---|
| Verdict | Slightly undervalued | Overvalued |
| Price | $7.25 | $262.99 |
| Intrinsic value | $8.56 | $187.86 |
| Margin of safety | +15% | -40% |
| Leak Score | 51/100 (9/12) | 59/100 (3/12) |
| Market cap | $1.4B | $14.3B |
| Revenue growth, 5 years | 2.5% | 9.8% |
| Operating margin | 6.6% | 17.6% |
| Net margin | 2.6% | 12.4% |
| Return on equity | 3.4% | 37.7% |
| Debt to equity | 0.65 | 0.80 |
| P/E | 35.0x | 26.3x |
| Forward P/E | 10.5x | 21.0x |
| P/B | 1.2x | 9.2x |
| Dividend yield | — | 1.2% |