LIN

Linde plc

Fundamental data last updated:May 12, 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

32.85

Market Cap ($M USD)

$233.34B

Forward P/E

20.14

PEG

0.32

PRICE TO SALES

6.73

PRICE TO BOOK

6.07

EV / EBITDA

20.64

5-Year Average P/E

Free Cash Flow Yield

2.18%

DCF Value

$589.25

Graham Number

$169.44

Price to FCF

45.79

EV to FCF

49.85

Earnings Yield

3.04%

FCF Yield

2.18%

DIVIDEND

Yield

1.21%

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

3.97

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 compelling narrative of potential mispricing. With a DCF value significantly above recent pricing, the market may be undervaluing its intrinsic worth. The Forward P/E of 19.69 suggests a more reasonable future valuation compared to its current P/E, indicating growth expectations. An Altman Z-score of 3.97 reflects solid financial health, while an earnings yield of 3.11% highlights profitability. This combination suggests a robust company with room for appreciation, despite its premium multiples.

AI Exposure / Tech Reliance

Operating within the Chemicals - Specialty industry, Linde is strategically positioned to leverage AI and modern technology. The sector's focus on innovation and efficiency aligns well with AI advancements, enhancing production processes and supply chain management. Linde's adaptability to tech shifts could bolster its competitive edge in an evolving market landscape.

The Bull Case

For value or GARP investors, Linde offers a tantalizing proposition. A strong ROIC of 14.07% underscores its capital efficiency, while a Piotroski F-Score of 6 signals solid financial health. Despite a modest FCF yield of 2.23%, its operating margin of 28.79% demonstrates significant pricing power. These metrics suggest a company capable of generating consistent returns and navigating economic cycles with resilience.

The Bear Case

Despite its strengths, Linde's valuation metrics raise caution. A Price/Book ratio of 5.93 and Price/Sales of 6.58 indicate a potentially overvalued stock. The Price to FCF ratio of 44.77 further highlights cash flow concerns, suggesting limited free cash generation relative to its market cap. Additionally, trading close to its 52-week high, the stock appears technically overextended, posing risks for new investors.

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

3.35%

Distance to 52-Week Low

23.12%

EARNINGS SURPRISE %

1.41%

50-DAY SMA

$496.58

200-DAY SMA

$462.54

⚠️ 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.