LINDE PLC (LIN.DE) Stock Fundamental Analysis

Europe • Frankfurt Stock Exchange • FRA:LIN • IE000S9YS762

383.2 EUR
-12 (-3.04%)
Last: Feb 6, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

5

We assign a fundamental rating of 5 out of 10 to LIN. LIN was compared to 73 industry peers in the Chemicals industry. LIN has an excellent profitability rating, but there are some minor concerns on its financial health. LIN is valied quite expensively at the moment, while it does show a decent growth rate.


Dividend Valuation Growth Profitability Health

9

1. Profitability

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.
  • 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

  • The Return On Assets of LIN (7.95%) is better than 81.16% of its industry peers.
  • The Return On Equity of LIN (18.04%) is better than 85.51% of its industry peers.
  • With a decent Return On Invested Capital value of 9.32%, LIN is doing good in the industry, outperforming 76.81% of the companies in the same industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for LIN is above the industry average of 7.31%.
  • The 3 year average ROIC (9.32%) for LIN is below the current ROIC(9.32%), indicating increased profibility in the last year.
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 has a Profit Margin of 20.30%. This is amongst the best in the industry. LIN outperforms 95.65% 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 97.10% of the companies in the same industry.
  • 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 69.57% 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

  • With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), LIN is creating some value.
  • Compared to 1 year ago, LIN has less shares outstanding
  • 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.
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 3.59. This indicates that LIN is financially healthy and has little risk of bankruptcy at the moment.
  • With a decent Altman-Z score value of 3.59, LIN is doing good in the industry, outperforming 73.91% 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 71.01% of the companies in the same industry.
  • A Debt/Equity ratio of 0.66 indicates that LIN is somewhat dependend on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 0.66, LIN is doing worse than 63.77% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.66
Debt/FCF 5.3
Altman-Z 3.59
ROIC/WACC1.09
WACC8.54%
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

  • A Current Ratio of 0.88 indicates that LIN may have some problems paying its short term obligations.
  • The Current ratio of LIN (0.88) is worse than 82.61% 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.
  • The Quick ratio of LIN (0.74) is worse than 72.46% 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.
  • LIN shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 14.83% yearly.
  • The Revenue has been growing slightly by 2.97% in the past year.
  • The Revenue has been growing slightly by 4.52% on average over the past years.
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 8.99% on average per year.
  • LIN is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.43% yearly.
EPS Next Y9.47%
EPS Next 2Y9.63%
EPS Next 3Y10.1%
EPS Next 5Y8.99%
Revenue Next Year5.02%
Revenue Next 2Y5.17%
Revenue Next 3Y5.7%
Revenue Next 5Y5.43%

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

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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 27.47 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 27.93.
  • The Price/Forward Earnings ratio is 25.10, which means the current valuation is very expensive for LIN.
  • Based on the Price/Forward Earnings ratio, LIN is valued a bit more expensive than the industry average as 60.87% of the companies are valued more cheaply.
  • When comparing the Price/Forward Earnings ratio of LIN to the average of the S&P500 Index (27.77), we can say LIN is valued inline with the index average.
Industry RankSector Rank
PE 27.47
Fwd PE 25.1
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

  • Based on the Enterprise Value to EBITDA ratio, LIN is valued a bit more expensive than 65.22% 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 41.47
EV/EBITDA 17.63
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.
  • LIN has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)2.9
PEG (5Y)1.85
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 1.31%.
  • LIN's Dividend Yield is comparable with the industry average which is at 2.26.
  • LIN's Dividend Yield is slightly below the S&P500 average, which is at 1.81.
Industry RankSector Rank
Dividend Yield 1.31%

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

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LINDE PLC

FRA:LIN (2/6/2026, 7:00:00 PM)

383.2

-12 (-3.04%)

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 Cap178.94B
Revenue(TTM)33.99B
Net Income(TTM)6.90B
Analysts80.65
Price Target434.22 (13.31%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 1.31%
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)-0.23%
PT rev (3m)-3.98%
EPS NQ rev (1m)0.05%
EPS NQ rev (3m)-0.15%
EPS NY rev (1m)0.04%
EPS NY rev (3m)-0.89%
Revenue NQ rev (1m)0.36%
Revenue NQ rev (3m)-0.12%
Revenue NY rev (1m)0.04%
Revenue NY rev (3m)-0.14%
Valuation
Industry RankSector Rank
PE 27.47
Fwd PE 25.1
P/S 6.21
P/FCF 41.47
P/OCF 20.39
P/B 5.52
P/tB N/A
EV/EBITDA 17.63
EPS(TTM)13.95
EY3.64%
EPS(NY)15.27
Fwd EY3.98%
FCF(TTM)9.24
FCFY2.41%
OCF(TTM)18.79
OCFY4.9%
SpS61.71
BVpS69.45
TBVpS-2.82
PEG (NY)2.9
PEG (5Y)1.85
Graham Number147.64
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 3.59
F-Score5
WACC8.54%
ROIC/WACC1.09
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 5Y8.99%
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 3Y5.7%
Revenue Next 5Y5.43%
EBIT growth 1Y4.74%
EBIT growth 3Y12.73%
EBIT growth 5Y18.54%
EBIT Next Year41.41%
EBIT Next 3Y18.47%
EBIT Next 5Y12.22%
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 27.47 and the Price/Book (PB) ratio is 5.52.


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 40.75%.