LINDE PLC (LIN.DE) Fundamental Analysis & Valuation
FRA:LIN • IE000S9YS762
Current stock price
423.2 EUR
-10.4 (-2.4%)
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
- Looking at the Return On Assets, with a value of 7.95%, LIN belongs to the top 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 86.96% of its industry peers.
- LIN has a Return On Invested Capital of 9.32%. This is in the better half of the industry: LIN outperforms 75.36% of its industry peers.
- Measured over the past 3 years, the Average Return On Invested Capital for LIN is above the industry average of 7.00%.
- The 3 year average ROIC (9.32%) for LIN is below the current ROIC(9.32%), indicating increased profibility in the last year.
| 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
- Looking at the Profit Margin, with a value of 20.30%, LIN belongs to the top of the industry, outperforming 95.65% of the companies in the same industry.
- In the last couple of years the Profit Margin of LIN has grown nicely.
- LIN has a Operating Margin of 27.06%. This is amongst the best in the industry. LIN outperforms 97.10% of its industry peers.
- LIN's Operating Margin has improved in the last couple of years.
- The Gross Margin of LIN (48.83%) is better than 72.46% of its industry peers.
- 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
- 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.
- The number of shares outstanding for LIN has been reduced compared to 5 years ago.
- LIN has a worse debt/assets ratio than last year.
2.2 Solvency
- LIN has an Altman-Z score of 3.82. This indicates that LIN is financially healthy and has little risk of bankruptcy at the moment.
- With an excellent Altman-Z score value of 3.82, LIN belongs to the best of the industry, outperforming 81.16% 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.
- With a decent Debt to FCF ratio value of 5.30, LIN is doing good in the industry, outperforming 62.32% 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.
- 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 65.22% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.66 | ||
| Debt/FCF | 5.3 | ||
| Altman-Z | 3.82 |
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.
- With a Current ratio value of 0.88, LIN is not doing good in the industry: 88.41% of the companies in the same industry are doing better.
- A Quick Ratio of 0.74 indicates that LIN may have some problems paying its short term obligations.
- Looking at the Quick ratio, with a value of 0.74, LIN is doing worse than 82.61% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.88 | ||
| Quick Ratio | 0.74 |
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.
- LIN shows a small growth in Revenue. In the last year, the Revenue has grown by 2.97%.
- 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.
- 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 Y9.46%
EPS Next 2Y9.44%
EPS Next 3Y9.53%
EPS Next 5Y9.22%
Revenue Next Year4.84%
Revenue Next 2Y4.88%
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.
4. LIN.DE Valuation Analysis
4.1 Price/Earnings Ratio
- With a Price/Earnings ratio of 29.74, LIN can be considered very expensive at the moment.
- The rest of the industry has a similar Price/Earnings ratio as LIN.
- The average S&P500 Price/Earnings ratio is at 26.91. LIN is around the same levels.
- LIN is valuated quite expensively with a Price/Forward Earnings ratio of 27.16.
- 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.
- LIN is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 23.69, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 29.74 | ||
| Fwd PE | 27.16 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, LIN is valued a bit more expensive than the industry average as 65.22% of the companies are valued more cheaply.
- LIN's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 44.54 | ||
| EV/EBITDA | 19.05 |
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)3.14
PEG (5Y)2.01
EPS Next 2Y9.44%
EPS Next 3Y9.53%
5. LIN.DE Dividend Analysis
5.1 Amount
- LIN has a Yearly Dividend Yield of 1.30%. Purely for dividend investing, there may be better candidates out there.
- LIN's Dividend Yield is comparable with the industry average which is at 2.35.
- Compared to the average S&P500 Dividend Yield of 1.89, LIN is paying slightly less dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.3% |
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 2Y9.44%
EPS Next 3Y9.53%
LIN.DE Fundamentals: All Metrics, Ratios and Statistics
FRA:LIN (4/8/2026, 7:00:00 PM)
423.2
-10.4 (-2.4%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryChemicals
Earnings (Last)02-05 2026-02-05/bmo
Earnings (Next)04-30 2026-04-30/bmo
Inst Owners87.17%
Inst Owner ChangeN/A
Ins Owners0.07%
Ins Owner ChangeN/A
Market Cap196.11B
Revenue(TTM)33.99B
Net Income(TTM)6.90B
Analysts79.35
Price Target441.32 (4.28%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.3% |
Yearly Dividend5.19
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%
PT rev (3m)1.4%
EPS NQ rev (1m)-0.2%
EPS NQ rev (3m)0.3%
EPS NY rev (1m)0%
EPS NY rev (3m)0.04%
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 | 29.74 | ||
| Fwd PE | 27.16 | ||
| P/S | 6.67 | ||
| P/FCF | 44.54 | ||
| P/OCF | 21.9 | ||
| P/B | 5.93 | ||
| P/tB | N/A | ||
| EV/EBITDA | 19.05 |
EPS(TTM)14.23
EY3.36%
EPS(NY)15.58
Fwd EY3.68%
FCF(TTM)9.5
FCFY2.25%
OCF(TTM)19.33
OCFY4.57%
SpS63.46
BVpS71.41
TBVpS-2.9
PEG (NY)3.14
PEG (5Y)2.01
Graham Number151.21
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 | 3.82 |
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 Year4.84%
Revenue Next 2Y4.88%
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.
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 29.74 and the Price/Book (PB) ratio is 5.93.
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%.