LINDE PLC (LIN.DE) Stock Fundamental Analysis

Europe • Frankfurt Stock Exchange • FRA:LIN • IE000S9YS762

383.2 EUR
-12 (-3.04%)
Last: Feb 6, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

5

LIN gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 68 industry peers in the Chemicals industry. While LIN has a great profitability rating, there are some minor concerns on its financial health. While showing a medium growth rate, LIN is valued expensive at the moment.


Dividend Valuation Growth Profitability Health

9

1. Profitability

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 2B 4B 6B 8B

1.2 Ratios

  • LIN's Return On Assets of 8.25% is amongst the best of the industry. LIN outperforms 85.29% of its industry peers.
  • LIN has a Return On Equity of 18.37%. This is amongst the best in the industry. LIN outperforms 86.76% of its industry peers.
  • The Return On Invested Capital of LIN (9.49%) is better than 79.41% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for LIN is in line with the industry average of 6.72%.
  • The 3 year average ROIC (8.64%) for LIN is below the current ROIC(9.49%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 8.25%
ROE 18.37%
ROIC 9.49%
ROA(3y)7.02%
ROA(5y)5.72%
ROE(3y)14.4%
ROE(5y)11.44%
ROIC(3y)8.64%
ROIC(5y)7.15%
LIN.DE Yearly ROA, ROE, ROICLIN.DE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15 20 25

1.3 Margins

  • The Profit Margin of LIN (21.17%) is better than 97.06% of its industry peers.
  • LIN's Profit Margin has improved in the last couple of years.
  • LIN has a better Operating Margin (27.52%) than 98.53% of its industry peers.
  • LIN's Operating Margin has improved in the last couple of years.
  • Looking at the Gross Margin, with a value of 48.78%, LIN is in the better half of the industry, outperforming 69.12% of the companies in the same industry.
  • LIN's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 27.52%
PM (TTM) 21.17%
GM 48.78%
OM growth 3Y15.4%
OM growth 5Y17.98%
PM growth 3Y16.98%
PM growth 5Y19.7%
GM growth 3Y3.75%
GM growth 5Y3.21%
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 10 20 30 40

More info and screens

ROAROEROICOperating and Profit MarginShow most profitable peers

4

2. Health

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 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 20B 40B 60B 80B

2.2 Solvency

  • LIN has an Altman-Z score of 3.72. This indicates that LIN is financially healthy and has little risk of bankruptcy at the moment.
  • The Altman-Z score of LIN (3.72) is better than 73.53% of its industry peers.
  • LIN has a debt to FCF ratio of 5.11. This is a neutral value as LIN would need 5.11 years to pay back of all of its debts.
  • LIN's Debt to FCF ratio of 5.11 is fine compared to the rest of the industry. LIN outperforms 73.53% of its industry peers.
  • A Debt/Equity ratio of 0.61 indicates that LIN is somewhat dependend on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 0.61, LIN is doing worse than 61.76% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.61
Debt/FCF 5.11
Altman-Z 3.72
ROIC/WACC1.11
WACC8.54%
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 10B 20B 30B 40B 50B

2.3 Liquidity

  • A Current Ratio of 0.82 indicates that LIN may have some problems paying its short term obligations.
  • The Current ratio of LIN (0.82) is worse than 85.29% of its industry peers.
  • A Quick Ratio of 0.69 indicates that LIN may have some problems paying its short term obligations.
  • The Quick ratio of LIN (0.69) is worse than 77.94% of its industry peers.
Industry RankSector Rank
Current Ratio 0.82
Quick Ratio 0.69
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 5B 10B 15B

More info and screens

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

4

3. Growth

3.1 Past

  • LIN shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 7.20%.
  • Measured over the past years, LIN shows a quite strong growth in Earnings Per Share. The EPS has been growing by 16.11% on average per year.
  • The Revenue has been growing slightly by 1.45% in the past year.
  • Measured over the past years, LIN shows a small growth in Revenue. The Revenue has been growing by 3.18% on average per year.
EPS 1Y (TTM)7.2%
EPS 3Y13.21%
EPS 5Y16.11%
EPS Q2Q%6.85%
Revenue 1Y (TTM)1.45%
Revenue growth 3Y2.34%
Revenue growth 5Y3.18%
Sales Q2Q%3.1%

3.2 Future

  • LIN is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 9.02% yearly.
  • Based on estimates for the next years, LIN will show a small growth in Revenue. The Revenue will grow by 5.20% on average per year.
EPS Next Y6.94%
EPS Next 2Y7.77%
EPS Next 3Y8.43%
EPS Next 5Y9.02%
Revenue Next Year2.13%
Revenue Next 2Y3.59%
Revenue Next 3Y4.17%
Revenue Next 5Y5.2%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
  • 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

More info and screens

Find the best growth stocksShow best growing peers

2

4. Valuation

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 27.87, LIN can be considered very expensive at the moment.
  • The rest of the industry has a similar Price/Earnings ratio as LIN.
  • Compared to an average S&P500 Price/Earnings ratio of 27.92, LIN is valued at the same level.
  • A Price/Forward Earnings ratio of 25.10 indicates a quite expensive valuation of LIN.
  • Based on the Price/Forward Earnings ratio, LIN is valued a bit more expensive than the industry average as 60.29% of the companies are valued more cheaply.
  • The average S&P500 Price/Forward Earnings ratio is at 27.78. LIN is around the same levels.
Industry RankSector Rank
PE 27.87
Fwd PE 25.1
LIN.DE Price Earnings VS Forward Price EarningsLIN.DE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • 66.18% of the companies in the same industry are cheaper than LIN, based on the Enterprise Value to EBITDA ratio.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of LIN is on the same level as its industry peers.
Industry RankSector Rank
P/FCF 41.59
EV/EBITDA 18.09
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 an expensive valuation of the company.
  • The excellent profitability rating of LIN may justify a higher PE ratio.
PEG (NY)4.02
PEG (5Y)1.73
EPS Next 2Y7.77%
EPS Next 3Y8.43%

More info and screens

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

4

5. Dividend

5.1 Amount

  • LIN has a Yearly Dividend Yield of 1.32%.
  • Compared to an average industry Dividend Yield of 2.28, LIN has a dividend in line with its industry peers.
  • Compared to the average S&P500 Dividend Yield of 1.83, LIN is paying slightly less dividend.
Industry RankSector Rank
Dividend Yield 1.32%

5.2 History

  • On average, the dividend of LIN grows each year by 9.70%, which is quite nice.
Dividend Growth(5Y)9.7%
Div Incr Years0
Div Non Decr Years0

5.3 Sustainability

  • 39.08% of the earnings are spent on dividend by LIN. This is a low number and sustainable payout ratio.
  • LIN's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP39.08%
EPS Next 2Y7.77%
EPS Next 3Y8.43%
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 2B 4B 6B
LIN.DE Dividend Payout.LIN.DE Dividend Payout, showing the Payout Ratio.LIN.DE Dividend Payout.PayoutRetained Earnings

More info and screens

Find the best dividend stocksShow peers with best dividend

LINDE PLC

FRA:LIN (2/6/2026, 7:00:00 PM)

383.2

-12 (-3.04%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryChemicals
Earnings (Last)10-31
Earnings (Next)02-05
Inst Owners87.59%
Inst Owner ChangeN/A
Ins Owners0.07%
Ins Owner ChangeN/A
Market Cap178.94B
Revenue(TTM)33.50B
Net Income(TTM)7.09B
Analysts80.65
Price Target437.33 (14.13%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 1.32%
Yearly Dividend4.66
Dividend Growth(5Y)9.7%
DP39.08%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)0.1%
Min EPS beat(2)-0.22%
Max EPS beat(2)0.43%
EPS beat(4)2
Avg EPS beat(4)-0.01%
Min EPS beat(4)-0.37%
Max EPS beat(4)0.43%
EPS beat(8)6
Avg EPS beat(8)0.47%
EPS beat(12)10
Avg EPS beat(12)1.8%
EPS beat(16)14
Avg EPS beat(16)2.31%
Revenue beat(2)1
Avg Revenue beat(2)-0.1%
Min Revenue beat(2)-0.91%
Max Revenue beat(2)0.7%
Revenue beat(4)1
Avg Revenue beat(4)-1.28%
Min Revenue beat(4)-2.54%
Max Revenue beat(4)0.7%
Revenue beat(8)2
Avg Revenue beat(8)-1.24%
Revenue beat(12)2
Avg Revenue beat(12)-2.55%
Revenue beat(16)6
Avg Revenue beat(16)-1.27%
PT rev (1m)0.48%
PT rev (3m)-3.29%
EPS NQ rev (1m)0.02%
EPS NQ rev (3m)-1.42%
EPS NY rev (1m)0.01%
EPS NY rev (3m)-0.16%
Revenue NQ rev (1m)0.01%
Revenue NQ rev (3m)-0.24%
Revenue NY rev (1m)-0.01%
Revenue NY rev (3m)0.04%
Valuation
Industry RankSector Rank
PE 27.87
Fwd PE 25.1
P/S 6.3
P/FCF 41.59
P/OCF 20.84
P/B 5.47
P/tB N/A
EV/EBITDA 18.09
EPS(TTM)13.75
EY3.59%
EPS(NY)15.27
Fwd EY3.98%
FCF(TTM)9.21
FCFY2.4%
OCF(TTM)18.39
OCFY4.8%
SpS60.82
BVpS70.1
TBVpS-2.07
PEG (NY)4.02
PEG (5Y)1.73
Graham Number147.26
Profitability
Industry RankSector Rank
ROA 8.25%
ROE 18.37%
ROCE 13.21%
ROIC 9.49%
ROICexc 10.1%
ROICexgc 23.27%
OM 27.52%
PM (TTM) 21.17%
GM 48.78%
FCFM 15.15%
ROA(3y)7.02%
ROA(5y)5.72%
ROE(3y)14.4%
ROE(5y)11.44%
ROIC(3y)8.64%
ROIC(5y)7.15%
ROICexc(3y)9.31%
ROICexc(5y)7.64%
ROICexgc(3y)23.08%
ROICexgc(5y)19.1%
ROCE(3y)11.99%
ROCE(5y)9.81%
ROICexgc growth 3Y14.81%
ROICexgc growth 5Y23.95%
ROICexc growth 3Y18.89%
ROICexc growth 5Y24.77%
OM growth 3Y15.4%
OM growth 5Y17.98%
PM growth 3Y16.98%
PM growth 5Y19.7%
GM growth 3Y3.75%
GM growth 5Y3.21%
F-Score6
Asset Turnover0.39
Health
Industry RankSector Rank
Debt/Equity 0.61
Debt/FCF 5.11
Debt/EBITDA 1.82
Cap/Depr 135.62%
Cap/Sales 15.08%
Interest Coverage 250
Cash Conversion 78.25%
Profit Quality 71.56%
Current Ratio 0.82
Quick Ratio 0.69
Altman-Z 3.72
F-Score6
WACC8.54%
ROIC/WACC1.11
Cap/Depr(3y)97.89%
Cap/Depr(5y)86.75%
Cap/Sales(3y)11.55%
Cap/Sales(5y)11.43%
Profit Quality(3y)100.43%
Profit Quality(5y)127.18%
High Growth Momentum
Growth
EPS 1Y (TTM)7.2%
EPS 3Y13.21%
EPS 5Y16.11%
EPS Q2Q%6.85%
EPS Next Y6.94%
EPS Next 2Y7.77%
EPS Next 3Y8.43%
EPS Next 5Y9.02%
Revenue 1Y (TTM)1.45%
Revenue growth 3Y2.34%
Revenue growth 5Y3.18%
Sales Q2Q%3.1%
Revenue Next Year2.13%
Revenue Next 2Y3.59%
Revenue Next 3Y4.17%
Revenue Next 5Y5.2%
EBIT growth 1Y8%
EBIT growth 3Y18.1%
EBIT growth 5Y21.73%
EBIT Next Year40.44%
EBIT Next 3Y16.62%
EBIT Next 5Y12.88%
FCF growth 1Y-0.49%
FCF growth 3Y-9.47%
FCF growth 5Y14.47%
OCF growth 1Y16.79%
OCF growth 3Y-1.05%
OCF growth 5Y8.77%

LINDE PLC / LIN.DE 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 27.87 and the Price/Book (PB) ratio is 5.47.


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

The dividend rating of LINDE PLC (LIN.DE) is 4 / 10 and the dividend payout ratio is 39.08%.