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 with questionable track record.
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: LINDEPLC has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: LINDEPLC underperformed the Hungarian Chemicals industry which returned 1.6% over the past year.
Return vs Market: LINDEPLC exceeded the Hungarian Market which returned -15% 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: LINDEPLC (HUF58620) is trading above our estimate of fair value (HUF27001.47)
Significantly Below Fair Value: LINDEPLC is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: LINDEPLC is poor value based on its PE Ratio (51.3x) compared to the Chemicals industry average (18x).
PE vs Market: LINDEPLC is poor value based on its PE Ratio (51.3x) compared to the Hungarian market (15.2x).
Price to Earnings Growth Ratio
PEG Ratio: LINDEPLC is poor value based on its PEG Ratio (6.2x)
Price to Book Ratio
PB vs Industry: LINDEPLC is overvalued based on its PB Ratio (2.6x) 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 26 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: LINDEPLC's forecast earnings growth (8.3% per year) is above the savings rate (1.6%).
Earnings vs Market: LINDEPLC's earnings (8.3% per year) are forecast to grow slower than the Hungarian market (18.5% per year).
High Growth Earnings: LINDEPLC's earnings are forecast to grow, but not significantly.
Revenue vs Market: LINDEPLC's revenue (5.3% per year) is forecast to grow slower than the Hungarian market (5.3% per year).
High Growth Revenue: LINDEPLC's revenue (5.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: LINDEPLC's Return on Equity is forecast to be low in 3 years time (8.6%).
How has Linde performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: LINDEPLC has high quality earnings.
Growing Profit Margin: LINDEPLC's current net profit margins (8.3%) are lower than last year (22.5%).
Past Earnings Growth Analysis
Earnings Trend: LINDEPLC's earnings have grown significantly by 21.1% per year over the past 5 years.
Accelerating Growth: LINDEPLC's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: LINDEPLC had negative earnings growth (-45.4%) over the past year, making it difficult to compare to the Chemicals industry average (-6.1%).
Return on Equity
High ROE: LINDEPLC's Return on Equity (5.1%) is considered low.
How is Linde's financial position?
Financial Position Analysis
Short Term Liabilities: LINDEPLC's short term assets ($11.5B) do not cover its short term liabilities ($15.5B).
Long Term Liabilities: LINDEPLC's short term assets ($11.5B) do not cover its long term liabilities ($21.6B).
Debt to Equity History and Analysis
Debt Level: LINDEPLC's debt to equity ratio (34.8%) is considered satisfactory.
Reducing Debt: LINDEPLC's debt to equity ratio has reduced from 168.9% to 34.8% over the past 5 years.
Debt Coverage: LINDEPLC's debt is well covered by operating cash flow (38.9%).
Interest Coverage: LINDEPLC's interest payments on its debt are well covered by EBIT (27.1x coverage).
What is Linde current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: LINDEPLC's dividend (1.74%) isn’t notable compared to the bottom 25% of dividend payers in the Hungarian market (2.39%).
High Dividend: LINDEPLC's dividend (1.74%) is low compared to the top 25% of dividend payers in the Hungarian market (6.98%).
Stability and Growth of Payments
Stable Dividend: LINDEPLC is not paying a notable dividend for the Hungarian market, therefore no need to check if payments are stable.
Growing Dividend: LINDEPLC is not paying a notable dividend for the Hungarian market, therefore no need to check if payments are increasing.
Current Payout to Shareholders
Dividend Coverage: LINDEPLC is not paying a notable dividend for the Hungarian market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of LINDEPLC's dividend in 3 years as they are not forecast to pay a notable one for the Hungarian market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Steve Angel (64yo)
Mr. Stephen F. Angel, also known as Steve, serves as the Chief Executive Officer of Linde plc and also has been its Director since October 22, 2018. Mr. Angel served as the CEO of Praxair Inc., an affiliat ...
CEO Compensation Analysis
Compensation vs Market: Steve's total compensation ($USD22.48M) is above average for companies of similar size in the Hungarian market ($USD3.99M).
Compensation vs Earnings: Steve's compensation has been consistent with company performance over the past year.
|CEO & Director||no data||US$22.48m||0.086% $31.4b|
|Executive VP & CFO||1.75yrs||US$5.64m||0.0065% $2.4b|
|Executive Vice President of EMEA||1.75yrs||US$8.76m||0.013% $4.9b|
|Executive Vice President of APAC||1.75yrs||US$7.46m||0.0050% $1.8b|
|Chief Accounting Officer||1.75yrs||no data||0.00088% $321.0m|
|Head of Investor Relations||no data||no data||no data|
|General Counsel||no data||no data||no data|
|Executive Vice President of Global Functions||1.75yrs||US$4.36m||0.0063% $2.3b|
|Executive Vice President of Americas||0.67yr||no data||0.000010% $3.6m|
|Executive VP & CEO of Linde Engineering||0.25yr||no data||0.00020% $73.0m|
Experienced Management: LINDEPLC's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.
|CEO & Director||no data||US$22.48m||0.086% $31.4b|
|Independent Chairman||no data||US$727.82k||0.0034% $1.2b|
|Independent Director||1.75yrs||US$412.00k||0.00033% $120.4m|
|Independent Director||1.75yrs||US$362.00k||0.0028% $1.0b|
|Independent Director||1.75yrs||US$362.00k||0.0027% $974.1m|
|Independent Director||1.75yrs||US$312.00k||0.00033% $120.4m|
|Independent Director||1.75yrs||US$327.00k||0.0035% $1.3b|
|Independent Director||1.75yrs||US$312.00k||0.0021% $747.9m|
|Independent Director||1.75yrs||US$312.00k||0.00093% $339.3m|
|Independent Director||1.75yrs||US$313.00k||0.0023% $846.4m|
Experienced Board: LINDEPLC's board of directors are not considered experienced ( 1.8 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 not been meaningfully diluted in the past year.
Linde plc's company bio, employee growth, exchange listings and data sources
- Name: Linde plc
- Ticker: LINDEPLC
- Exchange: BUSE
- Founded: 2017
- Industry: Industrial Gases
- Sector: Materials
- Market Cap: US$116.203b
- Listing Market Cap: US$36.483t
- Shares outstanding: 525.19m
- 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-U||ETLX (Eurotlx)||Yes||Ordinary Shares||IT||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. It manufactures and distributes atmospheric gases, such as oxygen, nitrogen, argon, and rare gases; and process gases, including carbon dioxide, helium, hydrogen, carbon monoxide, electronic gases, specialty gases, and acetylene. The company also designs and manufactures equipment for air separation and other industrial gas applications, as well as gas production and processing services, such as olefin plants, natural gas plants, air separation plants, hydrogen and synthesis gas plants, and other types of plants. It serves healthcare, petroleum refining, manufacturing, food, beverage carbonation, fiber-optics, steel making, aerospace, chemicals, electronics, and water treatment industries. Linde plc was founded in 2017 and is based in Guildford, the United Kingdom.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/07/05 21:12|
|End of Day Share Price||2020/04/14 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.