Linde plc operates as an industrial gas company in primarily North and South America, Europe, the Middle East, Africa, and the Asia Pacific.
Adequate balance sheet average dividend payer.
Share Price & News
How has Linde's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: LINI has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: LINI exceeded the Austrian Chemicals industry which returned 9.5% over the past year.
Return vs Market: LINI exceeded the Austrian Market which returned 3.5% over the past year.
Price Volatility Vs. Market
How volatile is Linde's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Linde undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: LINI (€202.5) is trading above our estimate of fair value (€110.11)
Significantly Below Fair Value: LINI is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: LINI is poor value based on its PE Ratio (54.1x) compared to the Chemicals industry average (16.3x).
PE vs Market: LINI is poor value based on its PE Ratio (54.1x) compared to the Austrian market (14.1x).
Price to Earnings Growth Ratio
PEG Ratio: LINI is poor value based on its PEG Ratio (3.6x)
Price to Book Ratio
PB vs Industry: LINI is overvalued based on its PB Ratio (2.4x) compared to the XE Chemicals industry average (1.6x).
How is Linde forecast to perform in the next 1 to 3 years based on estimates from 27 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: LINI's forecast earnings growth (15.1% per year) is above the savings rate (-0.1%).
Earnings vs Market: LINI's earnings (15.1% per year) are forecast to grow faster than the Austrian market (2.3% per year).
High Growth Earnings: LINI's earnings are forecast to grow, but not significantly.
Revenue vs Market: LINI's revenue (4.2% per year) is forecast to grow faster than the Austrian market (2.7% per year).
High Growth Revenue: LINI's revenue (4.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: LINI's Return on Equity is forecast to be low in 3 years time (9.3%).
How has Linde performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: LINI has high quality earnings.
Growing Profit Margin: LINI's current net profit margins (7.7%) are lower than last year (28.7%).
Past Earnings Growth Analysis
Earnings Trend: LINI's earnings have grown significantly by 21.8% per year over the past 5 years.
Accelerating Growth: LINI's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: LINI had negative earnings growth (-48.9%) over the past year, making it difficult to compare to the Chemicals industry average (2.5%).
Return on Equity
High ROE: LINI's Return on Equity (4.4%) is considered low.
Return on Assets
Return on Capital Employed
How is Linde's financial position?
Financial Position Analysis
Short Term Liabilities: LINI's short term assets ($10.4B) do not cover its short term liabilities ($12.2B).
Long Term Liabilities: LINI's short term assets ($10.4B) do not cover its long term liabilities ($22.8B).
Debt to Equity History and Analysis
Debt Level: LINI's debt to equity ratio (24.9%) is considered satisfactory.
Reducing Debt: LINI's debt to equity ratio has reduced from 149.3% to 24.9% over the past 5 years.
Debt Coverage: LINI's debt is well covered by operating cash flow (48.1%).
Interest Coverage: LINI's interest payments on its debt are well covered by EBIT (88.9x coverage).
Inventory Level: LINI has a high level of physical assets or inventory.
Debt Coverage by Assets: LINI's debt is not covered by short term assets (assets are 0.8x debt).
What is Linde's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: LINI's dividend (1.6%) is higher than the bottom 25% of dividend payers in the Austrian market (1.58%).
High Dividend: LINI's dividend (1.6%) is low compared to the top 25% of dividend payers in the Austrian market (4.58%).
Stability and Growth of Payments
Stable Dividend: LINI's dividend payments have been volatile in the past 10 years.
Growing Dividend: LINI's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (86.8%), LINI's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: LINI's dividends in 3 years are forecast to be well covered by earnings (40.4% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Steve Angel (63yo)
Mr. Stephen F. Angel, also known as Steve, serves as the Chief Executive Officer of Linde plc and also has been its Director since October 22, 2018. Mr. Angel served as the CEO of Praxair Inc., an affiliat ...
CEO Compensation Analysis
Compensation vs Market: Steve's total compensation ($USD66.15M) is above average for companies of similar size in the Austrian market ($USD3.59M).
Compensation vs Earnings: Steve's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
|CEO & Director||0yrs||US$66.15m||0.056% $60.2m|
|Executive VP & CFO||1.3yrs||US$4.43m||0.0049% $5.3m|
|Executive Vice President of EMEA||1.3yrs||US$16.83m||0.0077% $8.2m|
|Executive VP & CEO of Linde Engineering||1.3yrs||US$3.28m||0.0019% $2.0m|
|Executive Vice President of APAC||1.3yrs||US$4.35m||0.0048% $5.2m|
|Chief Accounting Officer||1.3yrs||no data||0.00061% $653.4k|
|Head of Investor Relations||0yrs||no data||no data|
|Executive Vice President of Global Functions||1.3yrs||US$4.36m||0.0054% $5.8m|
|Executive Vice President of Americas||0.3yrs||no data||no data|
Experienced Management: LINI's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.
|CEO & Director||0yrs||US$66.15m||0.056% $60.2m|
|Independent Chairman||0yrs||US$81.03k||0.0030% $3.2m|
|Independent Director||1.3yrs||US$54.02k||0.00018% $192.8k|
|Independent Director||1.3yrs||US$44.37k||0.0026% $2.8m|
|Independent Director||1.3yrs||US$44.37k||0.0025% $2.7m|
|Independent Director||1.3yrs||US$34.73k||0.00018% $192.8k|
|Independent Director||1.3yrs||US$34.73k||0.0033% $3.6m|
|Independent Director||1.3yrs||US$34.73k||0.0012% $1.3m|
|Independent Director||1.3yrs||US$34.73k||0.00077% $824.8k|
|Independent Director||1.3yrs||US$34.73k||0.0021% $2.3m|
Experienced Board: LINI's board of directors are not considered experienced ( 1.3 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 63.8%.
Linde plc's company bio, employee growth, exchange listings and data sources
- Name: Linde plc
- Ticker: LINI
- Exchange: WBAG
- Founded: 1879
- Industry: Industrial Gases
- Sector: Materials
- Market Cap: US$116.349b
- Listing Market Cap: US$107.111b
- Shares outstanding: 532.88m
- Website: https://www.linde.com
Number of Employees
- Linde plc
- The Priestley Centre
- 10 Priestley Road
- GU2 7XY
- United Kingdom
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|LIN||NYSE (New York Stock Exchange)||Yes||Ordinary Shares||US||USD||Jun 1992|
|LIN||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Jun 1992|
|LIN||XTRA (XETRA Trading Platform)||Yes||Ordinary Shares||DE||EUR||Jun 1992|
|LIN||SWX (SIX Swiss Exchange)||Yes||Ordinary Shares||CH||CHF||Jun 1992|
|LIN N||BMV (Bolsa Mexicana de Valores)||Yes||Ordinary Shares||MX||MXN||Jun 1992|
|LINI||WBAG (Wiener Boerse AG)||Yes||Ordinary Shares||AT||EUR||Jun 1992|
|0M2B||LSE (London Stock Exchange)||Yes||Ordinary Shares||GB||EUR||Jun 1992|
|LINDEPLC||BUSE (Budapest Stock Exchange)||Yes||Ordinary Shares||HU||HUF||Jun 1992|
|L1IN34||BOVESPA (Bolsa de Valores de Sao Paulo)||BDR EACH 4 REPR 1 SHS UNSPON||BR||BRL||Jan 2020|
Linde plc operates as an industrial gas company in primarily North and South America, Europe, the Middle East, Africa, and the Asia Pacific. The company offers oxygen, nitrogen, argon, rare gases, carbon monoxide, carbon dioxide, helium, hydrogen, electronic gases, specialty gases, and acetylene. It also designs and constructs turnkey process plants, such as olefin, natural gas, air separation, and hydrogen and synthesis gas plants. In addition, the company supplies wear-resistant and high-temperature corrosion-resistant metallic and ceramic coatings and powders for aircraft, energy, printing, primary metals, petrochemical, textile, and other industries; and manufactures a line of electric arc, plasma and wire spray, and high-velocity oxy-fuel equipment. It serves healthcare, petroleum refining, manufacturing, food, beverage carbonation, fiber-optics, steel making, aerospace, chemicals, and water treatment industries. Linde plc has a collaboration agreements with ExxonMobil to develop open process automation systems. Linde plc was founded in 1879 and is based in Guildford, the United Kingdom.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/22 23:40|
|End of Day Share Price||2020/02/21 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.