Linde plc operates as an industrial gas company in North and South America, Europe, the Middle East, Africa, and the Asia Pacific. More Details
Solid track record with adequate balance sheet and pays a dividend.
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: LIN is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: LIN's weekly volatility (3%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: LIN underperformed the US Chemicals industry which returned 30.5% over the past year.
Return vs Market: LIN underperformed the US Market which returned 36.5% over the past year.
Long-Term 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
1 week ago | Simply Wall StShareholders May Not Be So Generous With Linde plc's (NYSE:LIN) CEO Compensation And Here's Why
2 weeks ago | Simply Wall StLinde plc's (NYSE:LIN) Intrinsic Value Is Potentially 23% Below Its Share Price
3 weeks ago | Simply Wall StIs Linde (NYSE:LIN) A Risky Investment?
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: LIN ($299.45) is trading above our estimate of fair value ($224.98)
Significantly Below Fair Value: LIN is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: LIN is poor value based on its PE Ratio (54.1x) compared to the US Chemicals industry average (25x).
PE vs Market: LIN is poor value based on its PE Ratio (54.1x) compared to the US market (18.3x).
Price to Earnings Growth Ratio
PEG Ratio: LIN is poor value based on its PEG Ratio (5.9x)
Price to Book Ratio
PB vs Industry: LIN is overvalued based on its PB Ratio (3.4x) compared to the US Chemicals industry average (2.9x).
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: LIN's forecast earnings growth (9.1% per year) is above the savings rate (2%).
Earnings vs Market: LIN's earnings (9.1% per year) are forecast to grow slower than the US market (15% per year).
High Growth Earnings: LIN's earnings are forecast to grow, but not significantly.
Revenue vs Market: LIN's revenue (5.7% per year) is forecast to grow slower than the US market (9.2% per year).
High Growth Revenue: LIN's revenue (5.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: LIN's Return on Equity is forecast to be low in 3 years time (13.2%).
How has Linde performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: LIN has high quality earnings.
Growing Profit Margin: LIN's current net profit margins (10.5%) are higher than last year (8.3%).
Past Earnings Growth Analysis
Earnings Trend: LIN's earnings have grown by 16.2% per year over the past 5 years.
Accelerating Growth: LIN's earnings growth over the past year (25.3%) exceeds its 5-year average (16.2% per year).
Earnings vs Industry: LIN earnings growth over the past year (25.3%) exceeded the Chemicals industry 23%.
Return on Equity
High ROE: LIN's Return on Equity (6.4%) is considered low.
How is Linde's financial position?
Financial Position Analysis
Short Term Liabilities: LIN's short term assets ($11.1B) do not cover its short term liabilities ($15.0B).
Long Term Liabilities: LIN's short term assets ($11.1B) do not cover its long term liabilities ($22.3B).
Debt to Equity History and Analysis
Debt Level: LIN's debt to equity ratio (30.8%) is considered satisfactory.
Reducing Debt: LIN's debt to equity ratio has reduced from 173.4% to 30.8% over the past 5 years.
Debt Coverage: LIN's debt is well covered by operating cash flow (55.8%).
Interest Coverage: LIN's interest payments on its debt are well covered by EBIT (24.8x coverage).
What is Linde current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: LIN's dividend (1.42%) is higher than the bottom 25% of dividend payers in the US market (1.31%).
High Dividend: LIN's dividend (1.42%) is low compared to the top 25% of dividend payers in the US market (3.52%).
Stability and Growth of Payments
Stable Dividend: LIN's dividend payments have been volatile in the past 10 years.
Growing Dividend: LIN's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (71.3%), LIN's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: LIN's dividends in 3 years are forecast to be well covered by earnings (41.8% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Steve Angel (65 yo)
Mr. Stephen F. Angel, also known as Steve, has been the Chief Executive Officer and Director of Linde plc since October 22, 2018. Mr. Angel served as the Chief Executive Officer of Praxair Inc., an affilia...
CEO Compensation Analysis
Compensation vs Market: Steve's total compensation ($USD18.56M) is above average for companies of similar size in the US market ($USD11.27M).
Compensation vs Earnings: Steve's compensation has been consistent with company performance over the past year.
Experienced Management: LIN's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.
Experienced Board: LIN's board of directors are not considered experienced ( 2.8 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: LIN
- Exchange: NYSE
- Founded: 1879
- Industry: Industrial Gases
- Sector: Materials
- Market Cap: US$154.652b
- Shares outstanding: 516.45m
- Website: https://www.linde.com
Number of Employees
- Linde plc
- The Priestley Centre
- 10 Priestley Road
- GU2 7XY
- United Kingdom
Linde plc operates as an industrial gas company in North and South America, Europe, the Middle East, Africa, and the Asia Pacific. It offers oxygen, nitrogen, argon, rare gases, carbon dioxide, hydrogen, h...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/07/30 01:15|
|End of Day Share Price||2021/07/29 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.