LINDE PLC (LIN.DE) Stock Fundamental Analysis

FRA:LIN • IE000S9YS762

417.6 EUR
+2 (+0.48%)
Last: Feb 20, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

5

Taking everything into account, LIN scores 5 out of 10 in our fundamental rating. LIN was compared to 66 industry peers in the Chemicals industry. While LIN belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. LIN is quite expensive at the moment. It does show a decent growth rate.


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.
  • In the past 5 years LIN has always been profitable.
  • 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 2025 2B 4B 6B 8B 10B

1.2 Ratios

  • Looking at the Return On Assets, with a value of 7.95%, LIN belongs to the top of the industry, outperforming 81.82% of the companies in the same industry.
  • Looking at the Return On Equity, with a value of 18.04%, LIN belongs to the top of the industry, outperforming 86.36% of the companies in the same industry.
  • The Return On Invested Capital of LIN (9.32%) is better than 78.79% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for LIN is above the industry average of 7.06%.
  • 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

  • LIN's Profit Margin of 20.30% is amongst the best of the industry. LIN outperforms 96.97% 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 98.48% of the companies in the same industry.
  • In the last couple of years the Operating Margin of LIN has grown nicely.
  • LIN's Gross Margin of 48.83% is fine compared to the rest of the industry. LIN outperforms 69.70% of its industry peers.
  • LIN's Gross Margin has improved in the last couple of years.
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

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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.
  • The debt/assets ratio for LIN is higher compared to a year ago.
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

  • An Altman-Z score of 3.80 indicates that LIN is not in any danger for bankruptcy at the moment.
  • LIN has a Altman-Z score of 3.80. This is in the better half of the industry: LIN outperforms 78.79% of its industry peers.
  • 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.
  • The Debt to FCF ratio of LIN (5.30) is better than 69.70% of its industry peers.
  • 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 66.67% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.66
Debt/FCF 5.3
Altman-Z 3.8
ROIC/WACC1.07
WACC8.72%
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 has a Current ratio of 0.88. This is amonst the worse of the industry: LIN underperforms 81.82% 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 71.21% 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

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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 6.06% over the past year.
  • 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.
  • The Revenue has been growing slightly by 2.97% in the past 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.
  • The Revenue is expected to grow by 5.78% on average over the next years.
EPS Next Y9.47%
EPS Next 2Y9.63%
EPS Next 3Y10.1%
EPS Next 5Y9.22%
Revenue Next Year5.02%
Revenue Next 2Y5.17%
Revenue Next 3Y5.28%
Revenue Next 5Y5.78%

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

  • A Price/Earnings ratio of 29.83 indicates a quite expensive valuation of LIN.
  • LIN's Price/Earnings ratio is in line with the industry average.
  • When comparing the Price/Earnings ratio of LIN to the average of the S&P500 Index (26.99), we can say LIN is valued inline with the index average.
  • A Price/Forward Earnings ratio of 27.25 indicates a quite expensive valuation of LIN.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of LIN is on the same level as its industry peers.
  • When comparing the Price/Forward Earnings ratio of LIN to the average of the S&P500 Index (28.06), we can say LIN is valued inline with the index average.
Industry RankSector Rank
PE 29.83
Fwd PE 27.25
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

  • 65.15% 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 45.03
EV/EBITDA 18.94
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)3.15
PEG (5Y)2.01
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

  • 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 2.13.
  • LIN's Dividend Yield is slightly below the S&P500 average, which is at 1.85.
Industry RankSector 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

  • 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

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LINDE PLC

FRA:LIN (2/20/2026, 7:00:00 PM)

417.6

+2 (+0.48%)

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 Cap195.00B
Revenue(TTM)33.99B
Net Income(TTM)6.90B
Analysts80.65
Price Target434.22 (3.98%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 1.27%
Yearly Dividend5.04
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)-0.23%
PT rev (3m)-3.98%
EPS NQ rev (1m)0.28%
EPS NQ rev (3m)0.13%
EPS NY rev (1m)0.04%
EPS NY rev (3m)-0.89%
Revenue NQ rev (1m)0.14%
Revenue NQ rev (3m)0.02%
Revenue NY rev (1m)-0.03%
Revenue NY rev (3m)-0.14%
Valuation
Industry RankSector Rank
PE 29.83
Fwd PE 27.25
P/S 6.74
P/FCF 45.03
P/OCF 22.14
P/B 5.99
P/tB N/A
EV/EBITDA 18.94
EPS(TTM)14
EY3.35%
EPS(NY)15.32
Fwd EY3.67%
FCF(TTM)9.27
FCFY2.22%
OCF(TTM)18.86
OCFY4.52%
SpS61.93
BVpS69.69
TBVpS-2.83
PEG (NY)3.15
PEG (5Y)2.01
Graham Number148.16
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 3.8
F-Score5
WACC8.72%
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 Year5.02%
Revenue Next 2Y5.17%
Revenue Next 3Y5.28%
Revenue Next 5Y5.78%
EBIT growth 1Y4.74%
EBIT growth 3Y12.73%
EBIT growth 5Y18.54%
EBIT Next Year39.95%
EBIT Next 3Y17.27%
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 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 29.83 and the Price/Book (PB) ratio is 5.99.


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%.