Overview Dividends

(LIN) Linde Ordinary Shares - Ratings and Ratios

Exchange: NASDAQ • Country: United Kingdom • Currency: USD • Type: Common Stock • ISIN: IE000S9YS762

Industrial Gases, Process Gases, Plant Engineering

Industrial Gases
Market Cap in USD: 199,179m

IPO / Inception: 2002-01-11
Return 12m vs S&P 500: -12.3%

EPS (Earnings per Share)

EPS CAGR: -44.53%
EPS Trend: -22.8%

Last SUE: -4.00
Qual. Beats: 0

Revenue

Rev. CAGR: 1.00%
Rev. Trend: 11.5%

Last SUE: -0.01
Qual. Beats: 0

Dividends

Dividend Yield	1.40%
Yield on Cost 5y	2.48%
Yield CAGR 5y	9.46%
Payout Consistency	98.9%
Payout Ratio	37.0%

Risk via 5d forecast
Volatility	15.5%
Value at Risk 5%th	24.7%
Relative Tail Risk	-3.28%

Reward TTM
Sharpe Ratio	0.05
Alpha	-8.75
CAGR/Max DD	0.70

Character TTM
Hurst Exponent	0.303
Beta	0.571
Beta Downside	0.574

Drawdowns 3y
Max DD	19.18%
Mean DD	4.51%
Median DD	3.74%

Description: LIN Linde Ordinary Shares December 01, 2025

Linde plc (NASDAQ: LIN) is a global industrial-gas leader operating across North America, Europe, Asia-Pacific, Latin America and other regions. The company supplies core atmospheric gases (oxygen, nitrogen, argon, rare gases) and specialty/process gases (hydrogen, helium, CO₂, electronic gases, acetylene) while also engineering turnkey air-separation, hydrogen, synthesis, olefin and natural-gas plants for third-party clients.

Its end-market exposure spans healthcare, chemicals & energy, manufacturing, metals & mining, food & beverage, and electronics, providing diversified revenue streams that buffer sector-specific cycles.

Key recent metrics: FY 2023 revenue of $31.2 billion, EBITDA margin of roughly 30 %, and a cash-flow conversion rate above 95 %, reflecting strong operating leverage. Linde’s hydrogen segment grew ≈ 12 % YoY, driven by expanding demand for clean-energy and decarbonisation projects, while its helium business benefited from tightening global supply constraints.

Sector drivers that materially affect Linde include: (1) the global push toward net-zero emissions, which accelerates demand for hydrogen, carbon-capture and renewable-energy-linked gases; (2) macro-economic trends in industrial production, especially in emerging markets such as China and Brazil; and (3) regulatory environments governing greenhouse-gas emissions, which can create tailwinds for high-purity gases used in clean-tech applications.

For a deeper quantitative breakdown, the ValueRay platform offers a granular view of LIN’s financial metrics and peer comparisons.

Piotroski VR‑10 (Strict, 0-10) 6.5

Net Income (7.09b TTM) > 0 and > 6% of Revenue (6% = 2.01b TTM)

FCFTA 0.06 (>2.0%) and ΔFCFTA -0.09pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue -8.54% (prev -1.78%; Δ -6.76pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.12 (>3.0%) and CFO 10.13b > Net Income 7.09b (YES >=105%, WARN >=100%)

Net Debt (21.42b) to EBITDA (13.29b) ratio: 1.61 <= 3.0 (WARN <= 3.5)

Current Ratio 0.82 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (471.5m) change vs 12m ago -1.95% (target <= -2.0% for YES)

Gross Margin 40.47% (prev 36.20%; Δ 4.27pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 39.76% (prev 40.01%; Δ -0.25pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 21.74 (EBITDA TTM 13.29b / Interest Expense TTM 440.0m) >= 6 (WARN >= 3)

Altman Z'' 1.36

(A) -0.03 = (Total Current Assets 13.33b - Total Current Liabilities 16.19b) / Total Assets 85.99b

(B) 0.18 = Retained Earnings (Balance) 15.80b / Total Assets 85.99b

(D) 0.20 = Book Value of Equity 9.39b / Total Liabilities 45.91b

Total Rating: 1.36 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 67.42

1. Piotroski 6.50pt

2. FCF Yield 2.30%

3. FCF Margin 15.15%

4. Debt/Equity 0.67

5. Debt/Ebitda 1.61

6. ROIC - WACC (= 5.35)%

7. RoE 18.51%

8. Rev. Trend 11.46%

9. EPS Trend -22.76%

What is the price of LIN shares?

As of January 01, 2026, the stock is trading at USD 426.39 with a total of 1,569,172 shares traded.
Over the past week, the price has changed by +0.35%, over one month by +5.11%, over three months by -9.90% and over the past year by +3.22%.

Is LIN a buy, sell or hold?

Linde Ordinary Shares has received a consensus analysts rating of 4.00. Therefore, it is recommended to buy LIN.

Strong Buy: 12
Buy: 6
Hold: 9
Sell: 0
Strong Sell: 1

What are the forecasts/targets for the LIN price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	502.7	17.9%
Analysts Target Price	502.7	17.9%
ValueRay Target Price	444.8	4.3%

LIN Fundamental Data Overview December 28, 2025

Market Cap USD = 199.18b (199.18b USD * 1.0 USD.USD)
P/E Trailing = 28.4127
P/E Forward = 23.753
P/S = 5.9449
P/B = 5.1364
P/EG = 1.9292
Beta = 0.858
Revenue TTM = 33.50b USD
EBIT TTM = 9.56b USD
EBITDA TTM = 13.29b USD
Long Term Debt = 18.59b USD (from longTermDebt, last quarter)
Short Term Debt = 7.33b USD (from shortTermDebt, last quarter)
Debt = 25.93b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 21.42b USD (from netDebt column, last quarter)
Enterprise Value = 220.59b USD (199.18b + Debt 25.93b - CCE 4.51b)
Interest Coverage Ratio = 21.74 (Ebit TTM 9.56b / Interest Expense TTM 440.0m)
FCF Yield = 2.30% (FCF TTM 5.08b / Enterprise Value 220.59b)
FCF Margin = 15.15% (FCF TTM 5.08b / Revenue TTM 33.50b)
Net Margin = 21.17% (Net Income TTM 7.09b / Revenue TTM 33.50b)
Gross Margin = 40.47% ((Revenue TTM 33.50b - Cost of Revenue TTM 19.95b) / Revenue TTM)
Gross Margin QoQ = 38.02% (prev 49.31%)
Tobins Q-Ratio = 2.57 (Enterprise Value 220.59b / Total Assets 85.99b)
Interest Expense / Debt = 0.31% (Interest Expense 81.0m / Debt 25.93b)
Taxrate = 17.70% (424.0m / 2.40b)
NOPAT = 7.87b (EBIT 9.56b * (1 - 17.70%))
Current Ratio = 0.82 (Total Current Assets 13.33b / Total Current Liabilities 16.19b)
Debt / Equity = 0.67 (Debt 25.93b / totalStockholderEquity, last quarter 38.62b)
Debt / EBITDA = 1.61 (Net Debt 21.42b / EBITDA 13.29b)
Debt / FCF = 4.22 (Net Debt 21.42b / FCF TTM 5.08b)
Total Stockholder Equity = 38.31b (last 4 quarters mean from totalStockholderEquity)
RoA = 8.25% (Net Income 7.09b / Total Assets 85.99b)
RoE = 18.51% (Net Income TTM 7.09b / Total Stockholder Equity 38.31b)
RoCE = 16.81% (EBIT 9.56b / Capital Employed (Equity 38.31b + L.T.Debt 18.59b))
RoIC = 12.56% (NOPAT 7.87b / Invested Capital 62.66b)
WACC = 7.21% (E(199.18b)/V(225.10b) * Re(8.12%) + D(25.93b)/V(225.10b) * Rd(0.31%) * (1-Tc(0.18)))
Discount Rate = 8.12% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -1.73%
[DCF Debug] Terminal Value 76.87% ; FCFE base≈5.02b ; Y1≈4.66b ; Y5≈4.25b
Fair Price DCF = 161.3 (DCF Value 75.31b / Shares Outstanding 466.9m; 5y FCF grow -9.18% → 3.0% )
EPS Correlation: -22.76 | EPS CAGR: -44.53% | SUE: -4.0 | # QB: 0
Revenue Correlation: 11.46 | Revenue CAGR: 1.00% | SUE: -0.01 | # QB: 0
EPS next Quarter (2026-03-31): EPS=4.24 | Chg30d=-0.017 | Revisions Net=-1 | Analysts=13
EPS next Year (2026-12-31): EPS=17.84 | Chg30d=-0.015 | Revisions Net=-1 | Growth EPS=+8.6% | Growth Revenue=+5.0%

Additional Sources for LIN Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle