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Linde PLC LIN

Morningstar Rating
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Stock XNAS Rating as of
$429.86 +2.15 (0.50%)
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As of Delayed Price Pre-Open: $432.22 +2.36
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Company Report

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Linde Earnings: Midpoint of Full-Year EPS Outlook Maintained After Solid First Quarter

Krzysztof Smalec

Wide-moat-rated Linde posted solid first-quarter results, as its adjusted EPS of $3.75 came in above management’s $3.58-$3.68 guidance. However, the second-quarter outlook of $3.70-$3.80 fell short of the $3.88 FactSet consensus estimate, sending shares down nearly 6% in intraday trading on May 2. We’ve trimmed our fair value estimate to $420 from $425, which reflects our slightly more conservative near-term revenue growth projections.

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Price vs Fair Value

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LIN is trading at a 463% premium.
Price
$429.86
Fair Value
$669.00
Uncertainty
Low
1-Star Price
$239.00
5-Star Price
$431.00
Economic Moat
Sgtwl
Capital Allocation
Xpkknvg

Bulls Say, Bears Say

Bulls

The merger with Praxair has positioned Linde as the largest industrial gas company in the world, strengthening its competitive positioning.

Bears

Cost inflation and energy price volatility could pressure short-term margins.

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News

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Trading Information

Previous Close Price
$427.71
Day Range
$428.28–430.94
52-Week Range
$350.60–477.71
Bid/Ask
$414.00 / $444.39
Market Cap
$206.64 Bil
Volume/Avg
2 / 2.4 Mil

Key Statistics

Price/Earnings (Normalized)
29.42
Price/Sales
6.39
Dividend Yield (Trailing)
1.21%
Dividend Yield (Forward)
1.29%
Total Yield
3.22%

Company Profile

Linde is the largest industrial gas supplier in the world, with operations in over 100 countries. The firm's main products are atmospheric gases (including oxygen, nitrogen, and argon) and process gases (including hydrogen, carbon dioxide, and helium), as well as equipment used in industrial gas production. Linde serves a wide variety of end markets, including chemicals, manufacturing, healthcare, and steelmaking. Linde generated approximately $33 billion in revenue in 2023.
Sector
Basic Materials
Industry
Specialty Chemicals
Stock Style Box
Large Core
Total Number of Employees
66,195
Website
https://www.linde.com

Competitors

Valuation

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Metric
LIN
APD
AI
Price/Earnings (Normalized)
 29.4221.0729.78
Price/Book Value
 5.293.674.01
Price/Sales
 6.394.513.54
Price/Cash Flow
 20.7315.2517.02
Price/Earnings
LIN
APD
AI

Financial Strength

Metric
LIN
APD
AI
Quick Ratio
 0.621.250.51
Current Ratio
 0.801.490.87
Interest Coverage
 19.8315.6556.89
Quick Ratio
LIN
APD
AI

Profitability

Metric
LIN
APD
AI
Return on Assets (Normalized)
 8.94%8.09%6.80%
Return on Equity (Normalized)
 18.03%18.18%13.97%
Return on Invested Capital (Normalized)
 12.19%10.29%8.86%
Return on Assets
LIN
APD
AI
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