LINDE PLC (LIN.DE) Stock Fundamental Analysis

Europe • Frankfurt Stock Exchange • FRA:LIN • IE000S9YS762

403 EUR
+8.4 (+2.13%)
Last: Feb 4, 2026, 07:00 PM
Fundamental Rating

5

Taking everything into account, LIN scores 5 out of 10 in our fundamental rating. LIN was compared to 68 industry peers in the Chemicals industry. LIN scores excellent on profitability, but 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

  • LIN had positive earnings in the past year.
  • In the past year LIN had a positive cash flow from operations.
  • LIN had positive earnings in each of the past 5 years.
  • Each year in the past 5 years LIN had a positive operating cash flow.
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 has a better Return On Assets (8.25%) than 85.29% of its industry peers.
  • The Return On Equity of LIN (18.37%) is better than 86.76% of its industry peers.
  • With a decent Return On Invested Capital value of 9.49%, LIN is doing good in the industry, outperforming 79.41% of the companies in the same industry.
  • LIN had an Average Return On Invested Capital over the past 3 years of 8.64%. This is in line with the industry average of 6.72%.
  • The last Return On Invested Capital (9.49%) for LIN is above the 3 year average (8.64%), which is a sign of increasing profitability.
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

  • LIN's Profit Margin of 21.17% is amongst the best of the industry. LIN outperforms 97.06% of its industry peers.
  • LIN's Profit Margin has improved in the last couple of years.
  • LIN's Operating Margin of 27.52% is amongst the best of the industry. LIN outperforms 98.53% of its industry peers.
  • In the last couple of years the Operating Margin of LIN has grown nicely.
  • The Gross Margin of LIN (48.78%) is better than 69.12% of its industry peers.
  • 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

  • LIN has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it 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

  • An Altman-Z score of 3.78 indicates that LIN is not in any danger for bankruptcy at the moment.
  • With a decent Altman-Z score value of 3.78, LIN is doing good in the industry, outperforming 75.00% of the companies in the same industry.
  • The Debt to FCF ratio of LIN is 5.11, which is a neutral value as it means it would take LIN, 5.11 years of fcf income to pay off all of its debts.
  • LIN has a better Debt to FCF ratio (5.11) than 73.53% of its industry peers.
  • A Debt/Equity ratio of 0.61 indicates that LIN is somewhat dependend on debt financing.
  • The Debt to Equity ratio of LIN (0.61) is worse than 61.76% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.61
Debt/FCF 5.11
Altman-Z 3.78
ROIC/WACC1.11
WACC8.57%
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.
  • Looking at the Current ratio, with a value of 0.82, LIN is doing worse than 85.29% of the companies in the same industry.
  • A Quick Ratio of 0.69 indicates that LIN may have some problems paying its short term obligations.
  • Looking at the Quick ratio, with a value of 0.69, LIN is doing worse than 77.94% of the companies in the same industry.
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

  • The Earnings Per Share has been growing slightly by 7.20% over the past year.
  • The Earnings Per Share has been growing by 16.11% on average over the past years. This is quite good.
  • LIN shows a small growth in Revenue. In the last year, the Revenue has grown by 1.45%.
  • 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

  • Based on estimates for the next years, LIN will show a quite strong growth in Earnings Per Share. The EPS will grow by 9.02% on average per year.
  • 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.
  • 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.
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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Find the best growth stocksShow best growing peers

2

4. Valuation

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 29.37, LIN can be considered very expensive at the moment.
  • LIN's Price/Earnings is on the same level as the industry average.
  • The average S&P500 Price/Earnings ratio is at 27.67. LIN is around the same levels.
  • A Price/Forward Earnings ratio of 26.45 indicates a quite expensive valuation of LIN.
  • Based on the Price/Forward Earnings ratio, LIN is valued a bit more expensive than 60.29% of the companies in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 27.20. LIN is around the same levels.
Industry RankSector Rank
PE 29.37
Fwd PE 26.45
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

  • Based on the Enterprise Value to EBITDA ratio, LIN is valued a bit more expensive than the industry average as 66.18% of the companies are valued more cheaply.
  • LIN's Price/Free Cash Flow ratio is in line with the industry average.
Industry RankSector Rank
P/FCF 43.82
EV/EBITDA 18.45
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.
  • LIN has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)4.23
PEG (5Y)1.82
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%. Purely for dividend investing, there may be better candidates out there.
  • 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 1.82, LIN is paying slightly less dividend.
Industry RankSector Rank
Dividend Yield 1.32%

5.2 History

  • The dividend of LIN is nicely growing with an annual growth rate of 9.70%!
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.
  • The dividend of LIN is growing, but the earnings are growing slower. 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 (2/4/2026, 7:00:00 PM)

403

+8.4 (+2.13%)

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 Cap188.18B
Revenue(TTM)33.50B
Net Income(TTM)7.09B
Analysts80.65
Price Target437.33 (8.52%)
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 29.37
Fwd PE 26.45
P/S 6.64
P/FCF 43.82
P/OCF 21.96
P/B 5.76
P/tB N/A
EV/EBITDA 18.45
EPS(TTM)13.72
EY3.4%
EPS(NY)15.24
Fwd EY3.78%
FCF(TTM)9.2
FCFY2.28%
OCF(TTM)18.35
OCFY4.55%
SpS60.7
BVpS69.96
TBVpS-2.07
PEG (NY)4.23
PEG (5Y)1.82
Graham Number146.96
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 3.78
F-Score6
WACC8.57%
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 29.37 and the Price/Book (PB) ratio is 5.76.


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%.