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LIN

Linde NYSE:LIN Stock Report

Last Price

US$310.07

Market Cap

US$159.8b

7D

3.2%

1Y

4.7%

Updated

18 May, 2022

Data

Company Financials +
LIN fundamental analysis
Snowflake Score
Valuation0/6
Future Growth1/6
Past Performance5/6
Financial Health4/6
Dividends4/6

LIN Stock Overview

Linde plc operates as an industrial gas and engineering company in North and South America, Europe, the Middle East, Africa, and the Asia Pacific.

Linde Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Linde
Historical stock prices
Current Share PriceUS$310.07
52 Week HighUS$352.18
52 Week LowUS$267.51
Beta0.87
1 Month Change-2.35%
3 Month Change3.71%
1 Year Change4.73%
3 Year Change64.72%
5 Year Change134.42%
Change since IPO3,806.39%

Recent News & Updates

Apr 29
Linde (NYSE:LIN) May Have Issues Allocating Its Capital

Linde (NYSE:LIN) May Have Issues Allocating Its Capital

If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...

Shareholder Returns

LINUS ChemicalsUS Market
7D3.2%2.9%0.5%
1Y4.7%-4.1%-11.5%

Return vs Industry: LIN exceeded the US Chemicals industry which returned -2.4% over the past year.

Return vs Market: LIN exceeded the US Market which returned -8.1% over the past year.

Price Volatility

Is LIN's price volatile compared to industry and market?
LIN volatility
LIN Average Weekly Movement5.0%
Chemicals Industry Average Movement7.1%
Market Average Movement7.9%
10% most volatile stocks in US Market17.0%
10% least volatile stocks in US Market3.0%

Stable Share Price: LIN is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: LIN's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
187972,507Sanjiv Lambahttps://www.linde.com

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.

Linde Fundamentals Summary

How do Linde's earnings and revenue compare to its market cap?
LIN fundamental statistics
Market CapUS$159.82b
Earnings (TTM)US$4.02b
Revenue (TTM)US$31.76b

38.7x

P/E Ratio

4.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
LIN income statement (TTM)
RevenueUS$31.76b
Cost of RevenueUS$18.29b
Gross ProfitUS$13.47b
Other ExpensesUS$9.46b
EarningsUS$4.02b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)8.01
Gross Margin42.42%
Net Profit Margin12.64%
Debt/Equity Ratio37.1%

How did LIN perform over the long term?

See historical performance and comparison

Dividends

1.5%

Current Dividend Yield

56%

Payout Ratio

Does LIN pay a reliable dividends?

See LIN dividend history and benchmarks
When do you need to buy LIN by to receive an upcoming dividend?
Linde dividend dates
Ex Dividend DateJun 02 2022
Dividend Pay DateJun 17 2022
Days until Ex dividend13 days
Days until Dividend pay date28 days

Does LIN pay a reliable dividends?

See LIN dividend history and benchmarks

Valuation

Is Linde undervalued compared to its fair value and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


38.71x

Price to Earnings (PE) ratio

Share Price vs. Fair Value

Below Fair Value: LIN ($310.07) is trading above our estimate of fair value ($284.44)

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 (38.7x) compared to the US Chemicals industry average (17.2x).

PE vs Market: LIN is poor value based on its PE Ratio (38.7x) compared to the US market (16x).


Price to Earnings Growth Ratio

PEG Ratio: LIN is poor value based on its PEG Ratio (3.5x)


Price to Book Ratio

PB vs Industry: LIN is overvalued based on its PB Ratio (3.6x) compared to the US Chemicals industry average (2.2x).


Future Growth

How is Linde forecast to perform in the next 1 to 3 years based on estimates from 20 analysts?

Future Growth Score

1/6

Future Growth Score 1/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


11.2%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: LIN's forecast earnings growth (11.2% per year) is above the savings rate (1.9%).

Earnings vs Market: LIN's earnings (11.2% per year) are forecast to grow slower than the US market (12.4% per year).

High Growth Earnings: LIN's earnings are forecast to grow, but not significantly.

Revenue vs Market: LIN's revenue (4.9% per year) is forecast to grow slower than the US market (7.8% per year).

High Growth Revenue: LIN's revenue (4.9% 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 (17.3%).


Past Performance

How has Linde performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


15.7%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: LIN has high quality earnings.

Growing Profit Margin: LIN's current net profit margins (12.6%) are higher than last year (10.5%).


Past Earnings Growth Analysis

Earnings Trend: LIN's earnings have grown by 15.7% per year over the past 5 years.

Accelerating Growth: LIN's earnings growth over the past year (38.2%) exceeds its 5-year average (15.7% per year).

Earnings vs Industry: LIN earnings growth over the past year (38.2%) exceeded the Chemicals industry 32.3%.


Return on Equity

High ROE: LIN's Return on Equity (9.3%) is considered low.


Financial Health

How is Linde's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: LIN's short term assets ($12.3B) do not cover its short term liabilities ($14.5B).

Long Term Liabilities: LIN's short term assets ($12.3B) do not cover its long term liabilities ($23.9B).


Debt to Equity History and Analysis

Debt Level: LIN's net debt to equity ratio (27%) is considered satisfactory.

Reducing Debt: LIN's debt to equity ratio has reduced from 156.7% to 37.1% over the past 5 years.

Debt Coverage: LIN's debt is well covered by operating cash flow (58.4%).

Interest Coverage: LIN's interest payments on its debt are well covered by EBIT (48.6x coverage).


Balance Sheet


Dividend

What is Linde current dividend yield, its reliability and sustainability?

Dividend Score

4/6

Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


1.51%

Current Dividend Yield

Upcoming Dividend Payment

TodayMay 19 2022Ex Dividend DateJun 02 2022Dividend Pay DateJun 17 202215 days from Ex DividendBuy in the next 13 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: LIN's dividend (1.51%) is higher than the bottom 25% of dividend payers in the US market (1.51%).

High Dividend: LIN's dividend (1.51%) is low compared to the top 25% of dividend payers in the US market (3.97%).


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.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (55.6%), LIN's dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (35.3%), LIN's dividend payments are well covered by cash flows.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

1.3yrs

Average management tenure


CEO

Sanjiv Lamba (57 yo)

0.17

Tenure

US$12,837,678

Compensation

Mr. Sanjiv Lamba serves as Chief Executive Officer and Director of Linde plc since March 01, 2022 and served as its Chief Operating Officer since January 1, 2021 until March 01, 2022. He was Executive Vice...


CEO Compensation Analysis

Compensation vs Market: Sanjiv's total compensation ($USD12.84M) is about average for companies of similar size in the US market ($USD13.27M).

Compensation vs Earnings: Sanjiv's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: LIN's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.


Board Members

Experienced Board: LIN's board of directors are considered experienced (3.6 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: LIN insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Linde plc's employee growth, exchange listings and data sources


Key Information

  • Name: Linde plc
  • Ticker: LIN
  • Exchange: NYSE
  • Founded: 1879
  • Industry: Industrial Gases
  • Sector: Materials
  • Implied Market Cap: US$159.817b
  • Shares outstanding: 501.36m
  • Website: https://www.linde.com

Number of Employees


Location

  • Linde plc
  • Forge
  • 43 Church Street West
  • Woking
  • Surrey
  • GU21 6HT
  • United Kingdom

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/18 00:00
End of Day Share Price2022/05/18 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.