LINDE PLC (LIN.DE) Fundamental Analysis & Valuation
FRA:LIN • IE000S9YS762
Current stock price
427.6 EUR
-4.4 (-1.02%)
Last:
This LIN.DE fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
1. LIN.DE Profitability Analysis
1.1 Basic Checks
- LIN had positive earnings in the past year.
- LIN had a positive operating cash flow in the past year.
- In the past 5 years LIN has always been profitable.
- In the past 5 years LIN always reported a positive cash flow from operatings.
1.2 Ratios
- With an excellent Return On Assets value of 7.95%, LIN belongs to the best of the industry, outperforming 85.51% of the companies in the same industry.
- LIN has a Return On Equity of 18.04%. This is amongst the best in the industry. LIN outperforms 89.86% of its industry peers.
- Looking at the Return On Invested Capital, with a value of 9.32%, LIN is in the better half of the industry, outperforming 76.81% of the companies in the same industry.
- Measured over the past 3 years, the Average Return On Invested Capital for LIN is above the industry average of 7.00%.
- The last Return On Invested Capital (9.32%) for LIN is above the 3 year average (9.32%), which is a sign of increasing profitability.
| Industry Rank | Sector 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%
1.3 Margins
- LIN's Profit Margin of 20.30% is amongst the best of the industry. LIN outperforms 95.65% of its industry peers.
- In the last couple of years the Profit Margin of LIN has grown nicely.
- Looking at the Operating Margin, with a value of 27.06%, LIN belongs to the top of the industry, outperforming 97.10% of the companies in the same industry.
- LIN's Operating Margin has improved in the last couple of years.
- Looking at the Gross Margin, with a value of 48.83%, LIN is in the better half of the industry, outperforming 72.46% of the companies in the same industry.
- LIN's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector 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%
2. LIN.DE Health Analysis
2.1 Basic Checks
- The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so LIN is still creating some value.
- Compared to 1 year ago, LIN has less shares outstanding
- The number of shares outstanding for LIN has been reduced compared to 5 years ago.
- The debt/assets ratio for LIN is higher compared to a year ago.
2.2 Solvency
- An Altman-Z score of 3.85 indicates that LIN is not in any danger for bankruptcy at the moment.
- LIN has a Altman-Z score of 3.85. This is amongst the best in the industry. LIN outperforms 82.61% 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.
- With a Debt to FCF ratio value of 5.30, LIN perfoms like the industry average, outperforming 59.42% of the companies in the same industry.
- A Debt/Equity ratio of 0.66 indicates that LIN is somewhat dependend on debt financing.
- LIN has a Debt to Equity ratio of 0.66. This is in the lower half of the industry: LIN underperforms 65.22% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.66 | ||
| Debt/FCF | 5.3 | ||
| Altman-Z | 3.85 |
ROIC/WACC1.07
WACC8.73%
2.3 Liquidity
- LIN has a Current 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.
- LIN has a Current ratio of 0.88. This is amonst the worse of the industry: LIN underperforms 89.86% of its industry peers.
- A Quick Ratio of 0.74 indicates that LIN may have some problems paying its short term obligations.
- The Quick ratio of LIN (0.74) is worse than 84.06% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.88 | ||
| Quick Ratio | 0.74 |
3. LIN.DE Growth Analysis
3.1 Past
- LIN shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 6.06%.
- 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.
- The Revenue has been growing slightly by 4.52% on average over the past years.
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.
- Based on estimates for the next years, LIN will show a small growth in Revenue. The Revenue will grow by 5.78% on average per year.
EPS Next Y9.37%
EPS Next 2Y9.3%
EPS Next 3Y9.56%
EPS Next 5Y9.22%
Revenue Next Year4.84%
Revenue Next 2Y4.88%
Revenue Next 3Y5.18%
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.
- When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. LIN.DE Valuation Analysis
4.1 Price/Earnings Ratio
- With a Price/Earnings ratio of 30.43, LIN can be considered very expensive at the moment.
- The rest of the industry has a similar Price/Earnings ratio as LIN.
- When comparing the Price/Earnings ratio of LIN to the average of the S&P500 Index (26.78), we can say LIN is valued inline with the index average.
- The Price/Forward Earnings ratio is 27.83, which means the current valuation is very expensive for LIN.
- Based on the Price/Forward Earnings ratio, LIN is valued a bit more expensive than the industry average as 63.77% of the companies are valued more cheaply.
- The average S&P500 Price/Forward Earnings ratio is at 23.54. LIN is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 30.43 | ||
| Fwd PE | 27.83 |
4.2 Price Multiples
- LIN's Enterprise Value to EBITDA ratio is a bit more expensive when compared to the industry. LIN is more expensive than 68.12% of the companies in the same industry.
- The rest of the industry has a similar Price/Free Cash Flow ratio as LIN.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 45.6 | ||
| EV/EBITDA | 19.25 |
4.3 Compensation for Growth
- The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
- The excellent profitability rating of LIN may justify a higher PE ratio.
PEG (NY)3.25
PEG (5Y)2.05
EPS Next 2Y9.3%
EPS Next 3Y9.56%
5. LIN.DE Dividend Analysis
5.1 Amount
- LIN has a Yearly Dividend Yield of 1.27%. Purely for dividend investing, there may be better candidates out there.
- LIN's Dividend Yield is comparable with the industry average which is at 2.30.
- LIN's Dividend Yield is slightly below the S&P500 average, which is at 1.83.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.27% |
5.2 History
- On average, the dividend of LIN grows each year by 9.29%, which is quite nice.
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.
- LIN's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP40.75%
EPS Next 2Y9.3%
EPS Next 3Y9.56%
LIN.DE Fundamentals: All Metrics, Ratios and Statistics
FRA:LIN (4/10/2026, 7:00:00 PM)
427.6
-4.4 (-1.02%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryChemicals
Earnings (Last)02-05 2026-02-05/bmo
Earnings (Next)05-01 2026-05-01/bmo
Inst Owners87.12%
Inst Owner ChangeN/A
Ins Owners0.07%
Ins Owner ChangeN/A
Market Cap198.15B
Revenue(TTM)33.99B
Net Income(TTM)6.90B
Analysts79.35
Price Target446.29 (4.37%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.27% |
Yearly Dividend5.11
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)1.13%
PT rev (3m)2.54%
EPS NQ rev (1m)-0.2%
EPS NQ rev (3m)0.3%
EPS NY rev (1m)-0.09%
EPS NY rev (3m)-0.05%
Revenue NQ rev (1m)-0.08%
Revenue NQ rev (3m)0.58%
Revenue NY rev (1m)-0.07%
Revenue NY rev (3m)-0.13%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 30.43 | ||
| Fwd PE | 27.83 | ||
| P/S | 6.83 | ||
| P/FCF | 45.6 | ||
| P/OCF | 22.42 | ||
| P/B | 6.07 | ||
| P/tB | N/A | ||
| EV/EBITDA | 19.25 |
EPS(TTM)14.05
EY3.29%
EPS(NY)15.36
Fwd EY3.59%
FCF(TTM)9.38
FCFY2.19%
OCF(TTM)19.07
OCFY4.46%
SpS62.63
BVpS70.47
TBVpS-2.86
PEG (NY)3.25
PEG (5Y)2.05
Graham Number149.26
Profitability
| Industry Rank | Sector 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 Rank | Sector 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 | 3.85 |
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 Y9.37%
EPS Next 2Y9.3%
EPS Next 3Y9.56%
EPS Next 5Y9.22%
Revenue 1Y (TTM)2.97%
Revenue growth 3Y0.62%
Revenue growth 5Y4.52%
Sales Q2Q%5.82%
Revenue Next Year4.84%
Revenue Next 2Y4.88%
Revenue Next 3Y5.18%
Revenue Next 5Y5.78%
EBIT growth 1Y4.74%
EBIT growth 3Y12.73%
EBIT growth 5Y18.54%
EBIT Next Year41.06%
EBIT Next 3Y17.23%
EBIT Next 5Y13.39%
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.
Can you provide the profitability details for LINDE PLC?
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 30.43 and the Price/Book (PB) ratio is 6.07.
Can you provide the dividend sustainability for LIN stock?
The dividend rating of LINDE PLC (LIN.DE) is 3 / 10 and the dividend payout ratio is 40.75%.