LIN
Linde plc
$516.71
▲ 0.9%Updated Today 7:15 PM ET
▲ Up 11.7% over the last 12 months
Market Cap
$236.92B
P/E
33.45x
Forward P/E (est.)
30.59x
ROE
18.4%
Revenue Growth
5.0%
EPS Growth
9.4%
Profit Margin
20.4%
FCF Yield
3.7%
Debt / Equity
0.71x
ROIC
12.0%
Interest Coverage
—
Current Ratio
0.83x
Dividend Yield
1.2%
Implied Growth (rev. DCF)
6.7%
Rating Score
54/100
Technical analysis reads price and volume to judge momentum and timing. It complements the fundamentals above — it does not replace them. Here is what LIN's chart says today, with each tool explained.
Trend — moving averages. A moving average is the average closing price over a window, which smooths out daily noise. LIN trades near $516.71, above its 50-day average ($505.66) and 200-day average ($467.30). Price above both averages, with the shorter one above the longer, is the textbook definition of an uptrend — momentum favours buyers.
Momentum — RSI. The Relative Strength Index runs 0–100 and measures how strong recent gains are versus losses. Above 70 is "overbought", below 30 "oversold". At 60 it is in neutral territory — neither stretched nor washed out.
MACD. MACD compares two moving averages to flag shifts in momentum. Its histogram is currently positive — short-term momentum is improving.
Volatility — ATR. Average True Range is the typical daily move. LIN's is $10.72 (~2.1% of price), so swings of about that size each day are normal — handy for setting a stop that isn't too tight.
Support & resistance. Over the last month LIN found buyers near $488.88 (support) and sellers near $525.87 (resistance); its 52-week range is $387.78–$525.87. A decisive break beyond either edge often marks the next move.
Volume. The latest session traded 0.9× the 20-day average — about normal. Rising volume on up-days suggests real buying; on down-days, real selling.
Educational information to help you read a chart — not a recommendation or a forecast. It updates daily as the price and indicators change.
Linde plc (LIN) is a mega-cap company in the Industrial Gases industry, part of the Materials sector of the S&P 500, with a market value around $236.92B.
In its latest reported year it generated about $33.99B in revenue and $6.90B in net profit.
Our model rates LIN Neutral (54/100) on growth, profitability, financial health, and valuation. The summary below is built from its filed financials and current ratios and refreshes automatically.
4Y CAGR
2.5%
Revenue moved from $30.79B in 2021 to $33.99B in 2025, a 2.5% compound annual growth rate. The most recent year was roughly flat (5.0%) year over year. Slower, mature growth is common for established businesses.
Gross Margin
48.8%
Operating Margin
26.3%
Net Margin
20.3%
ROE
18.4%
Linde plc keeps about 20.4% of each sales dollar as net profit, with a 48.8% gross margin and 26.3% operating margin. Return on equity is 18.4% and return on invested capital about 12.0%. Margins this wide usually signal pricing power or a cost advantage.
Total Debt
$21.50B
Net Debt
$17.54B
Net Debt / EBITDA
1.97x
Debt / Equity
0.71x
Leverage: debt-to-equity is 0.7x, with a current ratio of 0.8x. That is a moderate, manageable debt load for most businesses. It carries roughly $21.50B of total debt against $3.96B of cash.
Operating CF
$10.35B
Free Cash Flow
$5.09B
FCF Margin
15.0%
In the latest year Linde plc produced about $10.35B of operating cash flow and $5.09B of free cash flow after capital spending. That is a free-cash-flow yield of about 3.7% on today's price. Cash flow is what ultimately pays shareholders, so it is worth tracking over time.
P/E
33.45x
P/S
7.05x
P/B
5.15x
EV / EBITDA
20.28x
LIN trades at 33.5x trailing earnings (about 30.6x on estimated forward earnings), 7.1x sales, and 5.1x book value. Reverse-engineering today's price implies the market expects roughly 6.7% long-term free-cash-flow growth. That is a premium multiple that needs growth to justify it.
Where this stock sits versus what most companies trade at.
Typical ranges are general references (e.g., many stocks trade at ~18–26x earnings), not hard rules. Context only — not investment advice.
How LIN stacks up against its Materials peers — valuation, profitability, and growth versus the sector median.
In the Materials sector (26 S&P 500 companies), LIN ranks #10 of 26 by our overall rating. It trades at a premium versus the sector on earnings (33.5x P/E vs. 27.7x median) with a higher return on equity (18.4% vs. 14.1%) and faster revenue growth (5.0% vs. 4.9%).
P/E vs sector
33.5x
median 27.7x
ROE vs sector
18.4%
median 14.1%
Growth vs sector
5.0%
median 4.9%
Sector rank
#10
of 26 by rating
Valuation vs. quality map
The sweet spot is upper-left: more profitable (higher ROE) for a lower P/E. Dashed lines mark the sector median.
Peers are the closest Materials companies by sub-industry and size. Sector median is across all 26 S&P 500 names in the sector. Educational, not a recommendation.
Project revenue → earnings → price. Edit the assumptions to build your own case.
2030 price target (Base Case)
$375.06 – $618.85
vs. $516.71 today · expected CAGR -6% – 4%
| Metric | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|
| Revenue | $35.69B | $37.47B | $39.34B | $41.31B | $43.38B |
| Net income | $7.14B | $7.49B | $7.87B | $8.26B | $8.68B |
| EPS | $15.43 | $16.20 | $17.01 | $17.86 | $18.75 |
| Share price (low) | $308.56 | $323.99 | $340.19 | $357.20 | $375.06 |
| Share price (high) | $509.13 | $534.59 | $561.32 | $589.38 | $618.85 |
| CAGR (low–high) | -40% / -1% | -21% / 2% | -13% / 3% | -9% / 3% | -6% / 4% |
Educational model on sample fundamentals — not a forecast or investment advice. Outputs are only as good as your assumptions.
The case for LIN:
- High net margins (20.4%) point to pricing power or efficiency.
- Strong return on equity (18.4%) shows capital is put to work well.
The case against LIN:
- Like any single stock, it is exposed to competition, the economic cycle, and shifts in its end markets.
Valuation risk — at 33.5x earnings, disappointing results could compress the multiple.
Market risk — sector rotation, the economic cycle, and broad sentiment move the stock regardless of fundamentals.
On balance, the picture is mixed: Linde plc is a mega-cap materials business growing at a mature pace, with solid profitability, and a heavier debt load to watch. It trades at 33.5x earnings, which our model scores Neutral (54/100). Weigh this against your own goals and time horizon — this is educational information, not a recommendation.
Data notice. Fundamentals and financial statements are sourced from company filings (SEC EDGAR) and market-data providers; prices and market caps refresh on trading days and may be delayed. Ratings, projections, technical signals, and written summaries are model- or rule-generated for education and may simplify or lag the latest filings.
Not advice. Nothing on this page is investment advice or a recommendation to buy, hold, or sell any security. Do your own research and consult a licensed financial professional before investing.