LIN

Linde plc

Fundamental data last updated:July 16, 2026

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company profile

SECTOR

Basic Materials

industry

Chemicals - Specialty

Exchange

NASDAQ

County of HQ

GB

Next Earnings Date

08/07/2026

Business Summary

Linde plc operates as an industrial gas and engineering company in North and South America, Europe, the Middle East, Africa, and the Asia Pacific. It offers atmospheric gases, including oxygen, nitrogen, argon, and rare gases; and process gases, such as carbon dioxide, helium, hydrogen, electronic gases, specialty gases, and acetylene. The company also designs and constructs turnkey process plants for third-party customers, as well as for the gas businesses in various locations, such as olefin, natural gas, air separation, hydrogen, and synthesis gas plants. It serves a range of industries, including healthcare, energy, manufacturing, food, beverage carbonation, fiber-optics, steel making, aerospace, chemicals, and water treatment. The company was founded in 1879 and is based in Woking, the United Kingdom.

 


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VALUATION

P/E

32.47

Market Cap ($M USD)

$230.65B

Forward P/E

19.90

PEG

0.32

PRICE TO SALES

6.66

PRICE TO BOOK

6.00

EV / EBITDA

20.42

5-Year Average P/E

Free Cash Flow Yield

2.21%

DCF Value

$564.23

Graham Number

$169.44

Price to FCF

45.26

EV to FCF

49.33

Earnings Yield

3.08%

FCF Yield

2.21%

DIVIDEND

Yield

1.22%

Annual Payout

$6.10

Payout Ratio

39.92%

Consecutive Years of Dividend Growth

5-Year Dividend Growth Rate

Financial Health & Profitability

Earnings Per Share

$15.35

Next Year EPS Growth Estimate

$25.05

Next Year Revenue Growth Estimate

$4.41T

Return on Equity (ROE)

18.51%

FREE CASH FLOW

Operating Margin

28.79%

Debt-to-Equity

0.71

Piotroski F-Score

6

Altman Z-Score

4.03

Return on Invested Capital (ROIC)

14.07%

Current Ratio

0.83

Quick Ratio

0.69

Net Debt to EBITDA

1.68

Interest Coverage

36.42

Gross Profit margin

45.99%

FCF PER SHARE

$10.98

REVENUE PER SHARE

$74.68

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Gainseekers Quantitative Analysis

Summary

Linde plc’s valuation presents a mixed picture. Recent pricing indicated it traded below its DCF value, suggesting potential undervaluation. However, its Price/Book and Price/Sales ratios are elevated, hinting at a premium market perception. The Forward P/E of 20.57 is more palatable, aligning with growth expectations, while the robust Altman Z-score of 4.12 underscores financial stability. The Earnings Yield, though modest, reflects a company with solid earnings power, albeit at a high price.

AI Exposure / Tech Reliance

Operating within the Chemicals - Specialty industry, Linde is well-positioned to leverage AI and tech advancements. Its focus on specialty chemicals allows for integration of AI in optimizing production processes and enhancing supply chain efficiencies. This adaptability ensures resilience in a rapidly evolving tech landscape.

The Bull Case

For the discerning GARP investor, Linde offers compelling strengths. A ROIC of 14.07% showcases efficient capital allocation, while a Piotroski F-Score of 6 indicates decent financial health. The operating margin of 28.79% reflects strong pricing power, and despite a low FCF Yield, the company's ability to generate cash remains robust. These metrics paint a picture of a company with formidable operational efficiency and growth potential.

The Bear Case

Despite its strengths, Linde is not without risks. The stock appears technically overextended, trading just 1.15% below its 52-week high, which could signal limited upside. High valuation multiples, such as a Price/Book of 6.20 and Price/Sales of 6.88, suggest the market may be pricing in perfection. Additionally, the low FCF Yield of 2.14% raises concerns about cash flow sustainability relative to its market cap.

Market Sentiment & Smart Money

Short Interest %

Analyst Consensus

Buy

Average Analyst Price Target

$559.14

Institutional Ownership %

1-Year Beta

0.74

Insider Buying % (6 Mo)

Distance to 52-Week High

4.55%

Distance to 52-Week Low

22.22%

EARNINGS SURPRISE %

1.41%

50-DAY SMA

$500.74

200-DAY SMA

$465.18

⚠️ Financial Disclaimer:
This content is for informational purposes only and is not financial advice. Information may be delayed or inaccurate. We may earn a commission from partner links.