LINDE PLC (LIN.DE) Stock Fundamental Analysis

FRA:LIN • IE000S9YS762

432.4 EUR
+7 (+1.65%)
Last: Mar 2, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

5

Overall LIN gets a fundamental rating of 5 out of 10. We evaluated LIN against 66 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.
  • In the past year LIN had a positive cash flow from operations.
  • LIN had positive earnings in each of the past 5 years.
  • In the past 5 years LIN always reported a positive cash flow from operatings.
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

  • The Return On Assets of LIN (7.95%) is better than 83.33% of its industry peers.
  • LIN's Return On Equity of 18.04% is amongst the best of the industry. LIN outperforms 84.85% of its industry peers.
  • With a decent Return On Invested Capital value of 9.32%, LIN is doing good in the industry, outperforming 74.24% of the companies in the same industry.
  • The Average Return On Invested Capital over the past 3 years for LIN is above the industry average of 6.96%.
  • 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 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

  • With an excellent Profit Margin value of 20.30%, LIN belongs to the best of the industry, outperforming 96.97% of the companies in the same industry.
  • LIN's Profit Margin has improved in the last couple of years.
  • LIN has a Operating Margin of 27.06%. This is amongst the best in the industry. LIN outperforms 98.48% of its industry peers.
  • LIN's Operating Margin has improved in the last couple of years.
  • LIN's Gross Margin of 48.83% is fine compared to the rest of the industry. LIN outperforms 71.21% of its industry peers.
  • 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

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.
  • LIN has less shares outstanding than it did 5 years ago.
  • LIN has a worse debt/assets ratio than last year.
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 3.90. This indicates that LIN is financially healthy and has little risk of bankruptcy at the moment.
  • With an excellent Altman-Z score value of 3.90, LIN belongs to the best of the industry, outperforming 80.30% of the companies in the same industry.
  • LIN has a debt to FCF ratio of 5.30. This is a neutral value as LIN would need 5.30 years to pay back of all of its debts.
  • LIN's Debt to FCF ratio of 5.30 is fine compared to the rest of the industry. LIN outperforms 65.15% of its industry peers.
  • LIN has a Debt/Equity ratio of 0.66. This is a neutral value indicating LIN is somewhat dependend on debt financing.
  • LIN's Debt to Equity ratio of 0.66 is on the low side compared to the rest of the industry. LIN is outperformed by 63.64% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.66
Debt/FCF 5.3
Altman-Z 3.9
ROIC/WACC1.07
WACC8.74%
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

  • 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's Current ratio of 0.88 is on the low side compared to the rest of the industry. LIN is outperformed by 86.36% 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.
  • LIN has a Quick ratio of 0.74. This is in the lower half of the industry: LIN underperforms 78.79% of its industry peers.
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

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 6.06%.
  • Measured over the past years, LIN shows a quite strong growth in Earnings Per Share. The EPS has been growing by 14.83% on average per year.
  • 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

  • LIN is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 9.22% yearly.
  • LIN is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.78% yearly.
EPS Next Y9.47%
EPS Next 2Y9.63%
EPS Next 3Y10.1%
EPS Next 5Y9.22%
Revenue Next Year4.91%
Revenue Next 2Y4.93%
Revenue Next 3Y5.28%
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

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 30.75, LIN can be considered very expensive at the moment.
  • Compared to the rest of the industry, the Price/Earnings ratio of LIN is on the same level as its industry peers.
  • The average S&P500 Price/Earnings ratio is at 27.13. LIN is around the same levels.
  • LIN is valuated quite expensively with a Price/Forward Earnings ratio of 28.09.
  • 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 62.12% 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 28.11, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 30.75
Fwd PE 28.09
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

  • Based on the Enterprise Value to EBITDA ratio, LIN is valued a bit more expensive than the industry average as 62.12% of the companies are valued more cheaply.
  • LIN's Price/Free Cash Flow is on the same level as the industry average.
Industry RankSector Rank
P/FCF 46.41
EV/EBITDA 19.57
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)3.25
PEG (5Y)2.07
EPS Next 2Y9.63%
EPS Next 3Y10.1%

More info and screens

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

3

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 1.28%, LIN has a reasonable but not impressive dividend return.
  • LIN's Dividend Yield is comparable with the industry average which is at 2.21.
  • Compared to the average S&P500 Dividend Yield of 1.82, LIN is paying slightly less dividend.
Industry RankSector Rank
Dividend Yield 1.28%

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

  • LIN pays out 40.75% of its income as dividend. 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 2Y9.63%
EPS Next 3Y10.1%
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

More info and screens

Find the best dividend stocksShow peers with best dividend

LINDE PLC

FRA:LIN (3/2/2026, 7:00:00 PM)

432.4

+7 (+1.65%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryChemicals
Earnings (Last)02-05
Earnings (Next)04-29
Inst Owners87.59%
Inst Owner ChangeN/A
Ins Owners0.07%
Ins Owner ChangeN/A
Market Cap201.91B
Revenue(TTM)33.99B
Net Income(TTM)6.90B
Analysts80.65
Price Target441.32 (2.06%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 1.28%
Yearly Dividend5.07
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)0.91%
PT rev (3m)-0.61%
EPS NQ rev (1m)0.45%
EPS NQ rev (3m)0.21%
EPS NY rev (1m)-0.02%
EPS NY rev (3m)-0.89%
Revenue NQ rev (1m)0.3%
Revenue NQ rev (3m)0.25%
Revenue NY rev (1m)-0.15%
Revenue NY rev (3m)-0.1%
Valuation
Industry RankSector Rank
PE 30.75
Fwd PE 28.09
P/S 6.95
P/FCF 46.41
P/OCF 22.82
P/B 6.18
P/tB N/A
EV/EBITDA 19.57
EPS(TTM)14.06
EY3.25%
EPS(NY)15.39
Fwd EY3.56%
FCF(TTM)9.32
FCFY2.15%
OCF(TTM)18.95
OCFY4.38%
SpS62.22
BVpS70.02
TBVpS-2.84
PEG (NY)3.25
PEG (5Y)2.07
Graham Number148.83
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 3.9
F-Score5
WACC8.74%
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 Y9.47%
EPS Next 2Y9.63%
EPS Next 3Y10.1%
EPS Next 5Y9.22%
Revenue 1Y (TTM)2.97%
Revenue growth 3Y0.62%
Revenue growth 5Y4.52%
Sales Q2Q%5.82%
Revenue Next Year4.91%
Revenue Next 2Y4.93%
Revenue Next 3Y5.28%
Revenue Next 5Y5.78%
EBIT growth 1Y4.74%
EBIT growth 3Y12.73%
EBIT growth 5Y18.54%
EBIT Next Year41.24%
EBIT Next 3Y17.27%
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 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 30.75 and the Price/Book (PB) ratio is 6.18.


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%.