LINDE PLC (LIN.DE) Stock Fundamental Analysis
Europe - Frankfurt Stock Exchange - FRA:LIN - IE000S9YS762 - Common Stock
378.6 EUR
-1.4 (-0.37%)
Taking everything into account, LIN scores 5 out of 10 in our fundamental rating. LIN was compared to 69 industry peers in the Chemicals industry. LIN has an excellent profitability rating, but there are some minor concerns on its financial health. LIN is quite expensive at the moment. It does show a decent growth rate.
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.
- In the past 5 years LIN has always been profitable.
- LIN had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- LIN's Return On Assets of 8.25% is amongst the best of the industry. LIN outperforms 84.06% of its industry peers.
- Looking at the Return On Equity, with a value of 18.37%, LIN belongs to the top of the industry, outperforming 86.96% of the companies in the same industry.
- LIN has a Return On Invested Capital of 9.49%. This is in the better half of the industry: LIN outperforms 78.26% 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 6.95%.
- The 3 year average ROIC (8.64%) for LIN is below the current ROIC(9.49%), indicating increased profibility in the last year.
| Industry Rank | Sector 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%
1.3 Margins
- The Profit Margin of LIN (21.17%) is better than 97.10% of its industry peers.
- LIN's Profit Margin has improved in the last couple of years.
- LIN has a Operating Margin of 27.52%. This is amongst the best in the industry. LIN outperforms 98.55% of its industry peers.
- LIN's Operating Margin has improved in the last couple of years.
- LIN has a better Gross Margin (48.78%) than 71.01% of its industry peers.
- LIN's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector 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%
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.
- 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.
- Compared to 1 year ago, LIN has a worse debt to assets ratio.
2.2 Solvency
- LIN has an Altman-Z score of 3.57. This indicates that LIN is financially healthy and has little risk of bankruptcy at the moment.
- The Altman-Z score of LIN (3.57) is better than 71.01% 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 72.46% of the companies in the same industry.
- A Debt/Equity ratio of 0.61 indicates that LIN is somewhat dependend on debt financing.
- The Debt to Equity ratio of LIN (0.61) is worse than 60.87% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.61 | ||
| Debt/FCF | 5.11 | ||
| Altman-Z | 3.57 |
ROIC/WACC1.11
WACC8.53%
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.
- Looking at the Current ratio, with a value of 0.82, LIN is doing worse than 86.96% of the companies in the same industry.
- 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 has a worse Quick ratio (0.69) than 79.71% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.82 | ||
| Quick Ratio | 0.69 |
3. Growth
3.1 Past
- The Earnings Per Share has been growing slightly by 7.20% over the past year.
- The Earnings Per Share has been growing by 16.11% on average over the past years. This is quite good.
- The Revenue has been growing slightly by 1.45% in the past year.
- Measured over the past years, LIN shows a small growth in Revenue. The Revenue has been growing by 3.18% on average per year.
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
- Based on estimates for the next years, LIN will show a quite strong growth in Earnings Per Share. The EPS will grow by 9.02% on average per year.
- 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 Y6.95%
EPS Next 2Y7.73%
EPS Next 3Y8.37%
EPS Next 5Y9.02%
Revenue Next Year2.14%
Revenue Next 2Y3.55%
Revenue Next 3Y4.16%
Revenue Next 5Y5.2%
3.3 Evolution
- The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
- 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.
4. Valuation
4.1 Price/Earnings Ratio
- LIN is valuated quite expensively with a Price/Earnings ratio of 27.20.
- LIN's Price/Earnings is on the same level as the industry average.
- LIN is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 27.30, which is the current average of the S&P500 Index.
- The Price/Forward Earnings ratio is 24.51, which indicates a rather expensive current valuation of LIN.
- Based on the Price/Forward Earnings ratio, LIN is valued a bit more expensive than 60.87% of the companies in the same industry.
- Compared to an average S&P500 Price/Forward Earnings ratio of 24.04, LIN is valued at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 27.2 | ||
| Fwd PE | 24.51 |
4.2 Price Multiples
- Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of LIN indicates a slightly more expensive valuation: LIN is more expensive than 66.67% of the companies listed in the same industry.
- LIN's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 40.59 | ||
| EV/EBITDA | 17.19 |
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)3.91
PEG (5Y)1.69
EPS Next 2Y7.73%
EPS Next 3Y8.37%
5. Dividend
5.1 Amount
- LIN has a Yearly Dividend Yield of 1.36%. Purely for dividend investing, there may be better candidates out there.
- Compared to an average industry Dividend Yield of 2.45, LIN has a dividend in line with its industry peers.
- Compared to the average S&P500 Dividend Yield of 1.92, LIN is paying slightly less dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.36% |
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.
- The dividend of LIN is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP39.08%
EPS Next 2Y7.73%
EPS Next 3Y8.37%
FRA:LIN (1/13/2026, 7:00:00 PM)
378.6
-1.4 (-0.37%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryChemicals
Earnings (Last)10-31 2025-10-31/bmo
Earnings (Next)02-05 2026-02-05/bmo
Inst Owners87.59%
Inst Owner ChangeN/A
Ins Owners0.07%
Ins Owner ChangeN/A
Market Cap176.79B
Revenue(TTM)33.50B
Net Income(TTM)7.09B
Analysts80.65
Price Target435.24 (14.96%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.36% |
Yearly Dividend4.77
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)-1.5%
PT rev (3m)-2%
EPS NQ rev (1m)0.08%
EPS NQ rev (3m)-1.43%
EPS NY rev (1m)0.03%
EPS NY rev (3m)-0.16%
Revenue NQ rev (1m)-0.11%
Revenue NQ rev (3m)-0.31%
Revenue NY rev (1m)-0.04%
Revenue NY rev (3m)0.06%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 27.2 | ||
| Fwd PE | 24.51 | ||
| P/S | 6.15 | ||
| P/FCF | 40.59 | ||
| P/OCF | 20.34 | ||
| P/B | 5.34 | ||
| P/tB | N/A | ||
| EV/EBITDA | 17.19 |
EPS(TTM)13.92
EY3.68%
EPS(NY)15.45
Fwd EY4.08%
FCF(TTM)9.33
FCFY2.46%
OCF(TTM)18.61
OCFY4.92%
SpS61.57
BVpS70.96
TBVpS-2.1
PEG (NY)3.91
PEG (5Y)1.69
Graham Number149.08
Profitability
| Industry Rank | Sector 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 Rank | Sector 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 | 3.57 |
F-Score6
WACC8.53%
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 Y6.95%
EPS Next 2Y7.73%
EPS Next 3Y8.37%
EPS Next 5Y9.02%
Revenue 1Y (TTM)1.45%
Revenue growth 3Y2.34%
Revenue growth 5Y3.18%
Sales Q2Q%3.1%
Revenue Next Year2.14%
Revenue Next 2Y3.55%
Revenue Next 3Y4.16%
Revenue Next 5Y5.2%
EBIT growth 1Y8%
EBIT growth 3Y18.1%
EBIT growth 5Y21.73%
EBIT Next Year39.88%
EBIT Next 3Y16.6%
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 27.2 and the Price/Book (PB) ratio is 5.34.
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%.