LINDE PLC (LIN.DE) Stock Fundamental Analysis

Europe • Frankfurt Stock Exchange • FRA:LIN • IE000S9YS762

395.2 EUR
-7.8 (-1.94%)
Last: Feb 5, 2026, 07:00 PM
Fundamental Rating

5

Overall LIN gets a fundamental rating of 5 out of 10. We evaluated LIN against 68 industry peers in the Chemicals industry. LIN scores excellent on profitability, but 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.
  • 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

  • The Return On Assets of LIN (8.25%) is better than 85.29% of its industry peers.
  • The Return On Equity of LIN (18.37%) is better than 86.76% of its industry peers.
  • The Return On Invested Capital of LIN (9.49%) is better than 79.41% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for LIN 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 has a Profit Margin of 21.17%. This is amongst the best in the industry. LIN outperforms 97.06% of its industry peers.
  • LIN's Profit Margin has improved in the last couple of years.
  • Looking at the Operating Margin, with a value of 27.52%, LIN belongs to the top of the industry, outperforming 98.53% of the companies in the same industry.
  • In the last couple of years the Operating Margin of LIN has grown nicely.
  • LIN has a better Gross Margin (48.78%) than 69.12% of its industry peers.
  • In the last couple of years the Gross Margin of LIN has grown nicely.
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

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ROAROEROICOperating and Profit MarginShow most profitable peers

4

2. Health

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.
  • The number of shares outstanding for LIN has been reduced compared to 5 years ago.
  • 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 3.72 indicates that LIN is not in any danger for bankruptcy at the moment.
  • LIN has a better Altman-Z score (3.72) than 73.53% of its industry peers.
  • 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.
  • Looking at the Debt to FCF ratio, with a value of 5.11, LIN is in the better half of the industry, outperforming 73.53% of the companies in the same industry.
  • A Debt/Equity ratio of 0.61 indicates that LIN is somewhat dependend on debt financing.
  • LIN has a worse Debt to Equity ratio (0.61) than 61.76% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.61
Debt/FCF 5.11
Altman-Z 3.72
ROIC/WACC1.11
WACC8.56%
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

  • LIN has a Current Ratio of 0.82. 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 0.82, LIN is not doing good in the industry: 85.29% of the companies in the same industry are doing better.
  • LIN has a Quick Ratio of 0.82. 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 0.69 is on the low side compared to the rest of the industry. LIN is outperformed by 77.94% of its industry peers.
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

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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

  • LIN shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 7.20%.
  • Measured over the past years, LIN shows a quite strong growth in Earnings Per Share. The EPS has been growing by 16.11% on average per year.
  • LIN shows a small growth in Revenue. In the last year, the Revenue has grown by 1.45%.
  • LIN shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 3.18% yearly.
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

  • LIN is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 9.02% yearly.
  • 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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2

4. Valuation

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 28.74, 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 27.92. LIN is around the same levels.
  • A Price/Forward Earnings ratio of 25.89 indicates a quite expensive valuation of LIN.
  • 60.29% of the companies in the same industry are cheaper than LIN, based on the Price/Forward Earnings ratio.
  • LIN's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 27.78.
Industry RankSector Rank
PE 28.74
Fwd PE 25.89
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

  • LIN's Enterprise Value to EBITDA ratio is a bit more expensive when compared to the industry. LIN is more expensive than 66.18% of the companies in the same industry.
  • 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 42.89
EV/EBITDA 18.09
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)4.14
PEG (5Y)1.78
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

  • With a Yearly Dividend Yield of 1.32%, LIN has a reasonable but not impressive dividend return.
  • Compared to an average industry Dividend Yield of 2.28, LIN has a dividend in line with its industry peers.
  • LIN's Dividend Yield is slightly below the S&P500 average, which is at 1.83.
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.
  • LIN's earnings are growing slower than its dividend. 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

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LINDE PLC

FRA:LIN (2/5/2026, 7:00:00 PM)

395.2

-7.8 (-1.94%)

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 Cap184.54B
Revenue(TTM)33.50B
Net Income(TTM)7.09B
Analysts80.65
Price Target437.33 (10.66%)
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 28.74
Fwd PE 25.89
P/S 6.5
P/FCF 42.89
P/OCF 21.49
P/B 5.64
P/tB N/A
EV/EBITDA 18.09
EPS(TTM)13.75
EY3.48%
EPS(NY)15.27
Fwd EY3.86%
FCF(TTM)9.21
FCFY2.33%
OCF(TTM)18.39
OCFY4.65%
SpS60.82
BVpS70.1
TBVpS-2.07
PEG (NY)4.14
PEG (5Y)1.78
Graham Number147.26
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 3.72
F-Score6
WACC8.56%
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 28.74 and the Price/Book (PB) ratio is 5.64.


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%.