LINDE PLC (LIN.DE) Fundamental Analysis & Valuation

FRA:LIN • IE000S9YS762

Current stock price

430.6 EUR
-3.6 (-0.83%)
Last:

This LIN.DE fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

9

1. LIN.DE Profitability Analysis

1.1 Basic Checks

  • In the past year LIN was profitable.
  • LIN had a positive operating cash flow in the past year.
  • LIN had positive earnings in each of the past 5 years.
  • LIN had a positive operating cash flow in each of the past 5 years.
LIN.DE Yearly Net Income VS EBIT VS OCF VS FCFLIN.DE Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B 10B

1.2 Ratios

  • Looking at the Return On Assets, with a value of 7.95%, LIN belongs to the top of the industry, outperforming 81.43% of the companies in the same industry.
  • With an excellent Return On Equity value of 18.04%, LIN belongs to the best of the industry, outperforming 84.29% of the companies in the same industry.
  • With a decent Return On Invested Capital value of 9.32%, LIN is doing good in the industry, outperforming 72.86% of the companies in the same industry.
  • LIN had an Average Return On Invested Capital over the past 3 years of 9.32%. This is above the industry average of 6.99%.
  • The 3 year average ROIC (9.32%) for LIN is below the current ROIC(9.32%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 7.95%
ROE 18.04%
ROIC 9.32%
ROA(3y)7.94%
ROA(5y)6.74%
ROE(3y)16.96%
ROE(5y)13.99%
ROIC(3y)9.32%
ROIC(5y)8.25%
LIN.DE Yearly ROA, ROE, ROICLIN.DE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15 20 25

1.3 Margins

  • The Profit Margin of LIN (20.30%) is better than 94.29% of its industry peers.
  • In the last couple of years the Profit Margin of LIN has grown nicely.
  • With an excellent Operating Margin value of 27.06%, LIN belongs to the best of the industry, outperforming 95.71% of the companies in the same industry.
  • In the last couple of years the Operating Margin of LIN has grown nicely.
  • Looking at the Gross Margin, with a value of 48.83%, LIN is in the better half of the industry, outperforming 71.43% of the companies in the same industry.
  • In the last couple of years the Gross Margin of LIN has grown nicely.
Industry RankSector Rank
OM 27.06%
PM (TTM) 20.3%
GM 48.83%
OM growth 3Y12.03%
OM growth 5Y13.41%
PM growth 3Y17.76%
PM growth 5Y17.2%
GM growth 3Y5.4%
GM growth 5Y2.32%
LIN.DE Yearly Profit, Operating, Gross MarginsLIN.DE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30 40

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4

2. LIN.DE Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), LIN is creating some value.
  • The number of shares outstanding for LIN has been reduced compared to 1 year ago.
  • Compared to 5 years ago, LIN has less shares outstanding
  • Compared to 1 year ago, LIN has a worse debt to assets ratio.
LIN.DE Yearly Shares OutstandingLIN.DE Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M 400M 500M
LIN.DE Yearly Total Debt VS Total AssetsLIN.DE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20B 40B 60B 80B

2.2 Solvency

  • LIN has an Altman-Z score of 3.81. This indicates that LIN is financially healthy and has little risk of bankruptcy at the moment.
  • The Altman-Z score of LIN (3.81) is better than 80.00% of its industry peers.
  • The Debt to FCF ratio of LIN is 5.30, which is a neutral value as it means it would take LIN, 5.30 years of fcf income to pay off all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 5.30, LIN is in the better half of the industry, outperforming 61.43% of the companies in the same industry.
  • LIN has a Debt/Equity ratio of 0.66. This is a neutral value indicating LIN is somewhat dependend on debt financing.
  • With a Debt to Equity ratio value of 0.66, LIN is not doing good in the industry: 68.57% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 0.66
Debt/FCF 5.3
Altman-Z 3.81
ROIC/WACC1.07
WACC8.73%
LIN.DE Yearly LT Debt VS Equity VS FCFLIN.DE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10B 20B 30B 40B 50B

2.3 Liquidity

  • A Current Ratio of 0.88 indicates that LIN may have some problems paying its short term obligations.
  • LIN has a Current ratio of 0.88. This is amonst the worse of the industry: LIN underperforms 85.71% of its industry peers.
  • LIN has a Quick Ratio of 0.88. This is a bad value and indicates that LIN is not financially healthy enough and could expect problems in meeting its short term obligations.
  • With a Quick ratio value of 0.74, LIN is not doing good in the industry: 78.57% of the companies in the same industry are doing better.
Industry RankSector Rank
Current Ratio 0.88
Quick Ratio 0.74
LIN.DE Yearly Current Assets VS Current LiabilitesLIN.DE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. LIN.DE Growth Analysis

3.1 Past

  • The Earnings Per Share has been growing slightly by 6.06% over the past year.
  • LIN shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 14.83% yearly.
  • Looking at the last year, LIN shows a small growth in Revenue. The Revenue has grown by 2.97% in the last year.
  • Measured over the past years, LIN shows a small growth in Revenue. The Revenue has been growing by 4.52% on average per year.
EPS 1Y (TTM)6.06%
EPS 3Y10.21%
EPS 5Y14.83%
EPS Q2Q%5.79%
Revenue 1Y (TTM)2.97%
Revenue growth 3Y0.62%
Revenue growth 5Y4.52%
Sales Q2Q%5.82%

3.2 Future

  • The Earnings Per Share is expected to grow by 9.22% on average over the next years. This is quite good.
  • The Revenue is expected to grow by 5.78% on average over the next years.
EPS Next Y9.46%
EPS Next 2Y9.44%
EPS Next 3Y9.53%
EPS Next 5Y9.22%
Revenue Next Year4.92%
Revenue Next 2Y4.92%
Revenue Next 3Y5.24%
Revenue Next 5Y5.78%

3.3 Evolution

  • The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
  • The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
LIN.DE Yearly Revenue VS EstimatesLIN.DE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 10B 20B 30B 40B
LIN.DE Yearly EPS VS EstimatesLIN.DE Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 5 10 15 20 25

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2

4. LIN.DE Valuation Analysis

4.1 Price/Earnings Ratio

  • LIN is valuated quite expensively with a Price/Earnings ratio of 30.05.
  • The rest of the industry has a similar Price/Earnings ratio as LIN.
  • Compared to an average S&P500 Price/Earnings ratio of 25.96, LIN is valued at the same level.
  • The Price/Forward Earnings ratio is 27.45, which means the current valuation is very expensive for LIN.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of LIN indicates a slightly more expensive valuation: LIN is more expensive than 67.14% of the companies listed in the same industry.
  • LIN is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 24.04, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 30.05
Fwd PE 27.45
LIN.DE Price Earnings VS Forward Price EarningsLIN.DE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of LIN indicates a slightly more expensive valuation: LIN is more expensive than 65.71% of the companies listed in the same industry.
  • The rest of the industry has a similar Price/Free Cash Flow ratio as LIN.
Industry RankSector Rank
P/FCF 45
EV/EBITDA 19.02
LIN.DE Per share dataLIN.DE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 20 40 60

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates LIN does not grow enough to justify the current Price/Earnings ratio.
  • The excellent profitability rating of LIN may justify a higher PE ratio.
PEG (NY)3.18
PEG (5Y)2.03
EPS Next 2Y9.44%
EPS Next 3Y9.53%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

3

5. LIN.DE Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 1.31%, LIN has a reasonable but not impressive dividend return.
  • LIN's Dividend Yield is slightly below the industry average, which is at 2.38.
  • Compared to the average S&P500 Dividend Yield of 1.91, LIN is paying slightly less dividend.
Industry RankSector Rank
Dividend Yield 1.31%

5.2 History

  • The dividend of LIN is nicely growing with an annual growth rate of 9.29%!
Dividend Growth(5Y)9.29%
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

  • 40.75% of the earnings are spent on dividend by LIN. This is a bit on the high side, but may be sustainable.
  • The dividend of LIN is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP40.75%
EPS Next 2Y9.44%
EPS Next 3Y9.53%
LIN.DE Yearly Income VS Free CF VS DividendLIN.DE Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B
LIN.DE Dividend Payout.LIN.DE Dividend Payout, showing the Payout Ratio.LIN.DE Dividend Payout.PayoutRetained Earnings

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LIN.DE Fundamentals: All Metrics, Ratios and Statistics

LINDE PLC

FRA:LIN (3/16/2026, 7:00:00 PM)

430.6

-3.6 (-0.83%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryChemicals
Earnings (Last)02-05
Earnings (Next)04-29
Inst Owners87.17%
Inst Owner ChangeN/A
Ins Owners0.07%
Ins Owner ChangeN/A
Market Cap199.54B
Revenue(TTM)33.99B
Net Income(TTM)6.90B
Analysts78.71
Price Target441.32 (2.49%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 1.31%
Yearly Dividend5.21
Dividend Growth(5Y)9.29%
DP40.75%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-0.33%
Min EPS beat(2)-0.43%
Max EPS beat(2)-0.22%
EPS beat(4)1
Avg EPS beat(4)-0.15%
Min EPS beat(4)-0.43%
Max EPS beat(4)0.43%
EPS beat(8)5
Avg EPS beat(8)0.19%
EPS beat(12)9
Avg EPS beat(12)1.15%
EPS beat(16)13
Avg EPS beat(16)2.12%
Revenue beat(2)1
Avg Revenue beat(2)-0.26%
Min Revenue beat(2)-0.91%
Max Revenue beat(2)0.39%
Revenue beat(4)2
Avg Revenue beat(4)-0.59%
Min Revenue beat(4)-2.54%
Max Revenue beat(4)0.7%
Revenue beat(8)2
Avg Revenue beat(8)-1.42%
Revenue beat(12)3
Avg Revenue beat(12)-1.95%
Revenue beat(16)6
Avg Revenue beat(16)-1.55%
PT rev (1m)1.63%
PT rev (3m)-0.13%
EPS NQ rev (1m)0.17%
EPS NQ rev (3m)0.38%
EPS NY rev (1m)-0.01%
EPS NY rev (3m)-0.12%
Revenue NQ rev (1m)0.16%
Revenue NQ rev (3m)0.25%
Revenue NY rev (1m)-0.1%
Revenue NY rev (3m)-0.17%
Valuation
Industry RankSector Rank
PE 30.05
Fwd PE 27.45
P/S 6.74
P/FCF 45
P/OCF 22.13
P/B 5.99
P/tB N/A
EV/EBITDA 19.02
EPS(TTM)14.33
EY3.33%
EPS(NY)15.69
Fwd EY3.64%
FCF(TTM)9.57
FCFY2.22%
OCF(TTM)19.46
OCFY4.52%
SpS63.9
BVpS71.91
TBVpS-2.92
PEG (NY)3.18
PEG (5Y)2.03
Graham Number152.26
Profitability
Industry RankSector Rank
ROA 7.95%
ROE 18.04%
ROCE 12.84%
ROIC 9.32%
ROICexc 9.98%
ROICexgc 22.68%
OM 27.06%
PM (TTM) 20.3%
GM 48.83%
FCFM 14.97%
ROA(3y)7.94%
ROA(5y)6.74%
ROE(3y)16.96%
ROE(5y)13.99%
ROIC(3y)9.32%
ROIC(5y)8.25%
ROICexc(3y)9.99%
ROICexc(5y)8.83%
ROICexgc(3y)23.7%
ROICexgc(5y)21.63%
ROCE(3y)12.88%
ROCE(5y)11.32%
ROICexgc growth 3Y2.66%
ROICexgc growth 5Y17.24%
ROICexc growth 3Y7.63%
ROICexc growth 5Y19.5%
OM growth 3Y12.03%
OM growth 5Y13.41%
PM growth 3Y17.76%
PM growth 5Y17.2%
GM growth 3Y5.4%
GM growth 5Y2.32%
F-Score5
Asset Turnover0.39
Health
Industry RankSector Rank
Debt/Equity 0.66
Debt/FCF 5.3
Debt/EBITDA 1.94
Cap/Depr 139.81%
Cap/Sales 15.48%
Interest Coverage 250
Cash Conversion 79.87%
Profit Quality 73.78%
Current Ratio 0.88
Quick Ratio 0.74
Altman-Z 3.81
F-Score5
WACC8.73%
ROIC/WACC1.07
Cap/Depr(3y)119.34%
Cap/Depr(5y)100.02%
Cap/Sales(3y)13.54%
Cap/Sales(5y)12.03%
Profit Quality(3y)79.27%
Profit Quality(5y)109.72%
High Growth Momentum
Growth
EPS 1Y (TTM)6.06%
EPS 3Y10.21%
EPS 5Y14.83%
EPS Q2Q%5.79%
EPS Next Y9.46%
EPS Next 2Y9.44%
EPS Next 3Y9.53%
EPS Next 5Y9.22%
Revenue 1Y (TTM)2.97%
Revenue growth 3Y0.62%
Revenue growth 5Y4.52%
Sales Q2Q%5.82%
Revenue Next Year4.92%
Revenue Next 2Y4.92%
Revenue Next 3Y5.24%
Revenue Next 5Y5.78%
EBIT growth 1Y4.74%
EBIT growth 3Y12.73%
EBIT growth 5Y18.54%
EBIT Next Year40.06%
EBIT Next 3Y17.1%
EBIT Next 5Y13.18%
FCF growth 1Y3.31%
FCF growth 3Y-3.66%
FCF growth 5Y4.78%
OCF growth 1Y9.84%
OCF growth 3Y5.3%
OCF growth 5Y6.86%

LINDE PLC / LIN.DE Fundamental Analysis FAQ

What is the fundamental rating for LIN stock?

ChartMill assigns a fundamental rating of 5 / 10 to LIN.DE.


What is the valuation status of LINDE PLC (LIN.DE) stock?

ChartMill assigns a valuation rating of 2 / 10 to LINDE PLC (LIN.DE). This can be considered as Overvalued.


How profitable is LINDE PLC (LIN.DE) stock?

LINDE PLC (LIN.DE) has a profitability rating of 9 / 10.


What are the PE and PB ratios of LINDE PLC (LIN.DE) stock?

The Price/Earnings (PE) ratio for LINDE PLC (LIN.DE) is 30.05 and the Price/Book (PB) ratio is 5.99.


How sustainable is the dividend of LINDE PLC (LIN.DE) stock?

The dividend rating of LINDE PLC (LIN.DE) is 3 / 10 and the dividend payout ratio is 40.75%.