LINDE PLC (LIN.DE) Fundamental Analysis & Valuation

FRA:LIN • IE000S9YS762

Current stock price

433.6 EUR
+8.4 (+1.98%)
Last:

This LIN.DE fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

9

1. LIN.DE Profitability Analysis

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.
  • 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

  • LIN has a better Return On Assets (7.95%) than 84.06% of its industry peers.
  • 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.
  • Looking at the Return On Invested Capital, with a value of 9.32%, LIN is in the better half of the industry, outperforming 73.91% 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 7.16%.
  • 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

  • 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.
  • LIN's Profit Margin has improved in the last couple of years.
  • Looking at the Operating Margin, with a value of 27.06%, LIN belongs to the top of the industry, outperforming 97.10% of the companies in the same industry.
  • In the last couple of years the Operating Margin of LIN has grown nicely.
  • With a decent Gross Margin value of 48.83%, LIN is doing good in the industry, outperforming 71.01% of the companies in the same industry.
  • 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

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4

2. LIN.DE Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so LIN is still 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 3.84 indicates that LIN is not in any danger for bankruptcy at the moment.
  • LIN has a better Altman-Z score (3.84) than 79.71% of its industry peers.
  • The Debt to FCF ratio of LIN is 5.30, which is a neutral value as it means it would take LIN, 5.30 years of fcf income to pay off all of its debts.
  • LIN has a Debt to FCF ratio of 5.30. This is in the better half of the industry: LIN outperforms 63.77% 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 66.67% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.66
Debt/FCF 5.3
Altman-Z 3.84
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 has a worse Current ratio (0.88) than 88.41% 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's Quick ratio of 0.74 is on the low side compared to the rest of the industry. LIN is outperformed by 82.61% 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. LIN.DE Growth Analysis

3.1 Past

  • LIN shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 6.06%.
  • The Earnings Per Share has been growing by 14.83% on average over the past years. This is quite good.
  • 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

  • Based on estimates for the next years, LIN will show a quite strong growth in Earnings Per Share. The EPS will grow by 9.22% on average per year.
  • LIN is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.78% yearly.
EPS Next Y9.46%
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

  • 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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2

4. LIN.DE Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 30.39 indicates a quite expensive valuation of LIN.
  • Compared to the rest of the industry, the Price/Earnings ratio of LIN is on the same level as its industry peers.
  • LIN's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 25.60.
  • The Price/Forward Earnings ratio is 27.75, which means the current valuation is very expensive for LIN.
  • 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 65.22% of the companies listed in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 22.84. LIN is valued slightly more expensive when compared to this.
Industry RankSector Rank
PE 30.39
Fwd PE 27.75
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

  • 65.22% of the companies in the same industry are cheaper than LIN, based on the Enterprise Value to EBITDA ratio.
  • The rest of the industry has a similar Price/Free Cash Flow ratio as LIN.
Industry RankSector Rank
P/FCF 45.5
EV/EBITDA 19.21
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.
  • The excellent profitability rating of LIN may justify a higher PE ratio.
PEG (NY)3.21
PEG (5Y)2.05
EPS Next 2Y9.44%
EPS Next 3Y9.53%

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

3

5. LIN.DE Dividend Analysis

5.1 Amount

  • LIN has a Yearly Dividend Yield of 1.30%.
  • LIN's Dividend Yield is comparable with the industry average which is at 2.36.
  • LIN's Dividend Yield is slightly below the S&P500 average, which is at 1.90.
Industry RankSector 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 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

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LIN.DE Fundamentals: All Metrics, Ratios and Statistics

LINDE PLC

FRA:LIN (4/2/2026, 7:00:00 PM)

433.6

+8.4 (+1.98%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryChemicals
Earnings (Last)02-05
Earnings (Next)04-30
Inst Owners87.17%
Inst Owner ChangeN/A
Ins Owners0.07%
Ins Owner ChangeN/A
Market Cap200.93B
Revenue(TTM)33.99B
Net Income(TTM)6.90B
Analysts79.35
Price Target441.32 (1.78%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector 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)1.63%
PT rev (3m)1.4%
EPS NQ rev (1m)-0.09%
EPS NQ rev (3m)0.41%
EPS NY rev (1m)-0.01%
EPS NY rev (3m)0.04%
Revenue NQ rev (1m)-0.08%
Revenue NQ rev (3m)0.58%
Revenue NY rev (1m)-0.06%
Revenue NY rev (3m)-0.13%
Valuation
Industry RankSector Rank
PE 30.39
Fwd PE 27.75
P/S 6.81
P/FCF 45.5
P/OCF 22.37
P/B 6.05
P/tB N/A
EV/EBITDA 19.21
EPS(TTM)14.27
EY3.29%
EPS(NY)15.62
Fwd EY3.6%
FCF(TTM)9.53
FCFY2.2%
OCF(TTM)19.38
OCFY4.47%
SpS63.64
BVpS71.61
TBVpS-2.91
PEG (NY)3.21
PEG (5Y)2.05
Graham Number151.63
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 3.84
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 Y9.46%
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 30.39 and the Price/Book (PB) ratio is 6.05.


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%.