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Basic Materials - Chemicals - Specialty - NASDAQ - GB
$ 455.86
-0.619 %
$ 215 B
Market Cap
33.06
P/E
1. INTRINSIC VALUE

This DCF valuation model was last updated on Jun, 22, 2025.

The intrinsic value of one LIN stock under the worst case scenario is HIDDEN Compared to the current market price of 456 USD, Linde plc is HIDDEN

This DCF valuation model was last updated on Jun, 22, 2025.

The intrinsic value of one LIN stock under the base case scenario is HIDDEN Compared to the current market price of 456 USD, Linde plc is HIDDEN

This DCF valuation model was last updated on Jun, 22, 2025.

The intrinsic value of one LIN stock under the best case scenario is HIDDEN Compared to the current market price of 456 USD, Linde plc is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart LIN

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$480.0$480.0$470.0$470.0$460.0$460.0$450.0$450.0$440.0$440.0$430.0$430.0$420.0$420.0$410.0$410.0Jan '25Jan '2515 Jan15 JanFeb '25Feb '2515 Feb15 FebMar '25Mar '2515 Mar15 MarApr '25Apr '2515 Apr15 AprMay '25May '2515 May15 MayJun '25Jun '2515 Jun15 Jun
FINANCIALS
33 B REVENUE
0.46%
8.64 B OPERATING INCOME
7.61%
6.56 B NET INCOME
5.90%
9.42 B OPERATING CASH FLOW
1.27%
-4.64 B INVESTING CASH FLOW
0.56%
-4.36 B FINANCING CASH FLOW
19.28%
8.11 B REVENUE
-2.05%
2.18 B OPERATING INCOME
-3.79%
1.71 B NET INCOME
-1.04%
2.16 B OPERATING CASH FLOW
-23.07%
-1.37 B INVESTING CASH FLOW
0.51%
-388 M FINANCING CASH FLOW
75.90%
Balance Sheet Linde plc
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Current Assets 12.9 B
Cash & Short-Term Investments 4.85 B
Receivables 5.06 B
Other Current Assets 3.03 B
Non-Current Assets 67.2 B
Long-Term Investments 0
PP&E 25.8 B
Other Non-Current Assets 41.4 B
6.05 %6.32 %3.78 %32.15 %51.70 %Total Assets$80.1b
Current Liabilities 14.5 B
Accounts Payable 2.51 B
Short-Term Debt 6.28 B
Other Current Liabilities 5.76 B
Non-Current Liabilities 26.1 B
Long-Term Debt 15.3 B
Other Non-Current Liabilities 10.8 B
6.17 %15.45 %14.16 %37.74 %26.49 %Total Liabilities$40.7b
EFFICIENCY
Earnings Waterfall Linde plc
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Revenue 33 B
Cost Of Revenue 17.1 B
Gross Profit 15.9 B
Operating Expenses 7.23 B
Operating Income 8.64 B
Other Expenses 2.07 B
Net Income 6.56 B
35b35b30b30b25b25b20b20b15b15b10b10b5b5b0033b(17b)16b(7b)9b(2b)7bRevenueRevenueCost Of RevenueCost Of RevenueGross ProfitGross ProfitOperating ExpensesOperating ExpensesOperating IncomeOperating IncomeOther ExpensesOther ExpensesNet IncomeNet Income
RATIOS
48.06% GROSS MARGIN
48.06%
26.16% OPERATING MARGIN
26.16%
19.89% NET MARGIN
19.89%
17.23% ROE
17.23%
8.19% ROA
8.19%
9.21% ROIC
9.21%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Linde plc
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7b7b6b6b5b5b4b4b3b3b2b2b1b1b0020162016201720172018201820192019202020202021202120222022202320232024202420252025
Net Income 6.56 B
Depreciation & Amortization 3.78 B
Capital Expenditures -4.5 B
Stock-Based Compensation 0
Change in Working Capital -845 M
Others -267 M
Free Cash Flow 4.93 B
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets Linde plc
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Wall Street analysts predict an average 1-year price target for LIN of $508 , with forecasts ranging from a low of $477 to a high of $576 .
LIN Lowest Price Target Wall Street Target
477 USD 4.64%
LIN Average Price Target Wall Street Target
508 USD 11.49%
LIN Highest Price Target Wall Street Target
576 USD 26.35%
Price
Max Price Target
Min Price Target
Average Price Target
580580560560540540520520500500480480460460440440420420400400Aug '24Aug '24Oct '24Oct '24Nov '24Nov '2420252025Feb '25Feb '25Apr '25Apr '25Jun '25Jun '25Jul '25Jul '25Aug '25Aug '25Oct '25Oct '25Nov '25Nov '2520262026Feb '26Feb '26Apr '26Apr '26Jun '26Jun '26
4. DIVIDEND ANALYSIS
0.32% DIVIDEND YIELD
1.5 USD DIVIDEND PER SHARE
Q1
Q2
Q3
Q4
6.00006.00005.00005.00004.00004.00003.00003.00002.00002.00001.00001.00000.00000.00000.7150.750.78750.8250.8750.9631.061.171.2751.391.50.7150.750.78750.8250.8750.9631.061.171.2751.391.50.7150.750.78750.8250.8750.9631.061.171.2751.390.7152.860.753.000.78753.150.8253.300.8753.500.9633.851.064.241.174.681.2755.101.395.563.002015201520162016201720172018201820192019202020202021202120222022202320232024202420252025
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5. COMPETITION
slide 2 of 8
6. Ownership
Insider Ownership Linde plc
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Sold
0-3 MONTHS
4.22 M USD 2
3-6 MONTHS
8.48 M USD 5
6-9 MONTHS
2.98 M USD 2
9-12 MONTHS
7.01 M USD 3
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
44.1 K USD 1
6-9 MONTHS
0 USD 0
9-12 MONTHS
7. News
Linde Publishes 2024 Sustainable Development Report WOKING, England--(BUSINESS WIRE)--Linde (Nasdaq: LIN) announced today it has published its 2024 Sustainable Development Report, outlining the company's progress towards meeting its sustainability goals. In 2024, Linde reduced its absolute greenhouse gas emissions by 6.2% compared to its 2021 baseline, in line with its 2035 emissions reduction target. This was achieved through a range of actions globally, including sourcing 47% of its total electricity consumption from low-carbon sources. Linde. businesswire.com - 4 days ago
Linde: Unshakable Leader In Industrial Gases; A Path To Steady Portfolio Growth I believe Linde stock offers attractive upside due to a robust business model with exceptional pricing power. Strong demand in core markets and successful cost controls are driving revenue and profitability higher. Given the compelling valuation and improving fundamentals, I rate the stock a Buy for long-term investors. seekingalpha.com - 2 weeks ago
Linde: Offsetting Potential Inflation With Contractual Pricing I reiterate a Buy rating for Linde plc with a fair value of $477 per share, anticipating long-term benefits from increased U.S. manufacturing facilities. Linde's Q1 results showed 1% organic revenue growth and 4.1% adj. operating profit growth, despite sluggish industrial production. Management's confidence in offsetting inflationary pressures through pricing and productivity programs, along with defensive revenue streams, supports a strong market position. seekingalpha.com - 1 month ago
Lindian accelerates Kangankunde development with construction progress, ANSTO testwork and funding momentum Construction and strategic initiatives at Lindian Resources Ltd’s flagship Kangankunde Rare Earths Project in Malawi continued apace during the March quarter. The company, which is positioning itself to play a pivotal role in the global critical minerals supply chain, closed out the quarter with A$4.2 million in cash and continued to assess multiple funding and offtake proposals for the project, following the execution of a US$50 million non-binding term sheet with Gerald Group in late 2024. With a strengthened team, secured funding pipeline, and active project delivery, Lindian remains on track to bring Kangankunde into production by 2026. Key infrastructure works progressed during the quarter, with leading European contractor Mota-Engil commencing construction on the site access road, which is now well ahead of schedule. Completed works include preparation of plant processing and storage areas, equipment laydown zones and administrative facilities. Lindian has also engaged local communities in workforce training and support programs to enhance socio-economic benefits in the region. Downstream testwork has commenced with the Australian Nuclear Science and Technology Organisation (ANSTO), validating the high-grade monazite concentrate from Kangankunde and evaluating pathways for producing a Mixed Rare Earth Carbonate (MREC). This testwork will inform future development scenarios, enhance offtake readiness and help secure strategic investment. The company also regained full ownership of the Lelouma Bauxite Project in Guinea after resolving a dispute over milestone obligations. While Kangankunde remains its focus, Lindian also intends to advance the 900 million tonne Lelouma asset through dedicated in-country management. Leadership was bolstered with the appointments of a new CFO, project director and the formation of a Project Delivery and Technical Committee. Site construction manager Daniel Britz and strategic financial advisor Henk Ludik were also appointed to accelerate project execution and financing activities. Cash outflows during the quarter totalled A$1.55 million for operations and A$1.08 million for capital and exploration, reflecting a significant drop from prior quarters. During the March quarter, Peninsula Energy Ltd continued its efforts to commission the Central Processing Plant (CPP) at the Lance Uranium Project in Wyoming. Adverse weather and supply chain disruptions delayed final commissioning, now expected in the June quarter. Production of dry yellowcake is targeted before the end of June 2025. The company maintained uranium capture, with 5,975 pounds loaded onto resin. However, output was constrained by limited storage capacity while the CPP remained offline. Construction advanced across the wellfield, with Header House 12 nearing completion and pre-conditioning ongoing at Header House 11. Flow rates at Mine Unit 1 were lower than expected due to cold weather but are forecast to improve. A Dissolved Air Filtration system was commissioned to handle elevated solids, if required. Permitting also progressed, with the Kendrick area added to the Permit to Mine and a Source Materials License amendment under review. No Lost Time Injuries were recorded during the quarter across Peninsula’s Lance Project operations. A total of 97,098 hours were worked without incident, reflecting a strong safety culture. One minor environmental incident occurred—a mining solution spill at Mine Unit 3 due to faulty connections during final commissioning of Header House 11. The spill was contained on site with minimal remediation required and was promptly reported to the Wyoming Department of Environmental Quality. Peninsula continues to place a strong emphasis on safe and environmentally responsible operations as the project ramps up production. The proactive commissioning of filtration infrastructure, readiness for resin storage during delays, and adaptive planning underscore the company’s commitment to operational discipline amid schedule pressures and regulatory compliance. During the quarter, George Bauk formally commenced his role as managing director and chief executive officer, having been appointed in November 2024. Bauk brings three decades of leadership across uranium and critical mineral sectors and has been actively involved onsite in reviewing the production model and overseeing commissioning. Additionally, Jitu Bhudia was appointed CFO, bringing extensive ASX experience in capital management and governance. The company also completed its unmarketable parcel share sale facility, streamlining its shareholder base by selling 629,429 shares held by over 5,300 shareholders at an average price of A$0.855. No uranium sales were made during the quarter, but the company held an inventory of 15,182 pounds of yellowcake. Peninsula ended the quarter with US$24 million in cash, and continues to explore funding options to support its production ramp-up. Post-quarter developments and strategic response Following quarter-end, Peninsula appointed David Coyne as interim non-executive chairman, following the retirement of John Harrison. Coyne brings over 30 years of experience in mining finance and strategy. Additionally, Wayne Heili concluded his role with the company on April 25, 2025. Shares were suspended from quotation on April 23,, as the company works to update production guidance and address concerns around contract delivery and funding. To mitigate supply risks, Peninsula secured 200,000 pounds of uranium for June delivery through the spot market at a cost of US$1.5 million, significantly below the provisioned US$4.6 million. The company remains focused on finalising a revised production plan, improving operational readiness, and positioning itself as an independent uranium producer. https://www.proactiveinvestors.com - 1 month ago
Linde Surpasses Q1 Earnings on Higher Americas Pricing LIN's first-quarter earnings gain on higher pricing and increased volumes from the Americas segment. zacks.com - 1 month ago
Linde plc (LIN) Q1 2025 Earnings Call Transcript Linde plc (LIN) Q1 2025 Earnings Call Transcript seekingalpha.com - 1 month ago
Compared to Estimates, Linde (LIN) Q1 Earnings: A Look at Key Metrics The headline numbers for Linde (LIN) give insight into how the company performed in the quarter ended March 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals. zacks.com - 1 month ago
Linde (LIN) Surpasses Q1 Earnings Estimates Linde (LIN) came out with quarterly earnings of $3.95 per share, beating the Zacks Consensus Estimate of $3.93 per share. This compares to earnings of $3.75 per share a year ago. zacks.com - 1 month ago
Linde Reports First-Quarter 2025 Results WOKING, England--(BUSINESS WIRE)--Linde plc (Nasdaq: LIN) today reported first-quarter 2025 net income of $1,673 million and diluted earnings per share of $3.51, up 3% and 5% respectively. Excluding Linde AG purchase accounting impacts and other charges, adjusted net income was $1,880 million, up 3% versus prior year. Adjusted earnings per share was $3.95, 5% above prior year. Linde's sales for the first quarter were $8,112 million, flat versus prior year. Compared to prior year, underlying sal. businesswire.com - 1 month ago
Linde to Expand Supply of Industrial Gases to Samsung in South Korea WOKING, England--(BUSINESS WIRE)--Linde (Nasdaq: LIN) announced today that it will increase its supply of ultra-high-purity atmospheric, process and specialty gases to Samsung's world-class semiconductor manufacturing complex in Pyeongtaek, South Korea. Linde is the main supplier of industrial gases to Samsung's complex at Pyeongtaek and already has multiple on-site facilities supplying essential gases. Under a new agreement, Linde will build, own and operate an eighth on-site air separation un. businesswire.com - 1 month ago
Linde Declares Dividend in Second Quarter 2025 WOKING, England--(BUSINESS WIRE)--Linde plc (Nasdaq: LIN) announced its Board of Directors has declared a quarterly dividend of $1.50 per share. The dividend is payable on June 18, 2025 to shareholders of record on June 4, 2025. About Linde Linde is a leading global industrial gases and engineering company with 2024 sales of $33 billion. We live our mission of making our world more productive every day by providing high-quality solutions, technologies and services which are making our customers. businesswire.com - 1 month ago
Linde Gears Up to Report Q1 Earnings: What's in the Offing? Higher contributions from the Americas business segment are likely to have aided LIN's Q1 earnings. zacks.com - 1 month ago
8. Profile Summary

Linde plc LIN

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COUNTRY GB
INDUSTRY Chemicals - Specialty
MARKET CAP $ 215 B
Dividend Yield 0.32%
Description 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. It serves a range of industries, including healthcare, energy, manufacturing, food, beverage carbonation, fiber-optics, steel making, aerospace, chemicals, and water treatment. The company was founded in 1879 and is based in Woking, the United Kingdom.
Contact Forge, Woking, GU21 6HT https://www.linde.com
IPO Date June 17, 1992
Employees 65069
Officers Mr. Sanjiv Lamba Chief Executive Officer & Director Mr. Juan Pelaez Vice President of Investor Relations Mr. Guillermo Bichara Executive Vice President & Chief Legal Officer Ms. Kelcey E. Hoyt Senior Vice President of FP&A and Sustainability & Chief Accounting Officer Denny Brown Chief Information Officer Karin Griggel Chief Compliance Officer Mr. David P. Strauss Executive Vice President & Chief Human Resources Officer John van der Velden Senior Vice President of Engineering Sales & Technology Mr. Sean F. Durbin Executive Vice President of North America Mr. Matthew J. White C.F.A. Executive Vice President & Chief Financial Officer