NGD vs LIN

For growth investors, New Gold Inc.

(NGD) is the stronger pick with 17. 5% revenue growth year-over-year, versus 3. 0% for Linde plc (LIN). Linde plc (LIN) offers the better valuation at 34. 3x trailing P/E (28. 0x forward), making it the more compelling value choice. Analysts rate New Gold Inc. (NGD) a "Buy" — based on 18 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.

On trailing P/E, Linde plc (LIN) is the cheapest at 34.

3x versus New Gold Inc. at 64. 9x. On forward P/E, New Gold Inc. is actually cheaper at 6. 6x — notably different from the trailing picture, reflecting expected earnings growth.

Over the past 5 years, New Gold Inc.

(NGD) delivered a total return of +427. 9%, compared to +80. 6% for Linde plc (LIN). Over 10 years, the gap is even starker: LIN returned +379. 1% versus NGD's +106. 8%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.

By beta (market sensitivity over 5 years), Linde plc (LIN) is the lower-risk stock at 0.

24β versus New Gold Inc. 's 0. 97β — meaning NGD is approximately 305% more volatile than LIN relative to the S&P 500. On balance sheet safety, New Gold Inc. (NGD) carries a lower debt/equity ratio of 38% versus 68% for Linde plc — giving it more financial flexibility in a downturn.

By revenue growth (latest reported year), New Gold Inc.

(NGD) is pulling ahead at 17. 5% versus 3. 0% for Linde plc (LIN). On earnings-per-share growth, the picture is similar: New Gold Inc. grew EPS 248. 5% year-over-year, compared to 7. 1% for Linde plc. Over a 3-year CAGR, NGD leads at 7. 4% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.

Linde plc (LIN) is the more profitable company, earning 20.

3% net margin versus 11. 1% for New Gold Inc. — meaning it keeps 20. 3% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: LIN leads at 26. 3% versus 19. 7% for NGD. At the gross margin level — before operating expenses — LIN leads at 43. 3%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.

On forward earnings alone, New Gold Inc.

(NGD) trades at 6. 6x forward P/E versus 28. 0x for Linde plc — 21. 4x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for NGD: 36. 3% to $12. 38.

In this comparison, LIN (1.

2% yield) pays a dividend. NGD does not pay a meaningful dividend and should not be held primarily for income.

For long-horizon retirement investors, Linde plc (LIN) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.

24), 1. 2% yield, +379. 1% 10Y return). Both have compounded well over 10 years (LIN: +379. 1%, NGD: +106. 8%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.

Both stocks operate in the Basic Materials sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.

In terms of investment character: NGD is a small-cap high-growth stock; LIN is a large-cap quality compounder stock. LIN pays a dividend while NGD does not, making them suitable for different income and tax situations. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.