GuruFocus·2d ago
LIN DCF Analysis: Intrinsic Value $335 vs Price $460On September 21, 2026, we delve into the DCF analysis for Linde PLC (LIN), a company that has seen mixed price performance recently, with a year-to-date increas
Linde's accelerating revenue growth (9.3% YoY in 2026Q2) and robust gross margin expansion to 47.7% underscore its pricing power and operational leverage, driving EPS growth of 11.3%. The company's fortress balance sheet (D/E 0.69) and robust cash generation (...
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Revenue growth accelerated to 9.3% YoY in 2026Q2, with gross margin expanding to 47.7% from 38.0% in 2025Q3, reflecting strong pricing power and cost discipline.
Linde is expected to maintain strong margins through its high-density supply model, leveraging its leadership in carbon capture and strategic pricing power.
A substantial project backlog in U.S. clean energy and electronics infrastructure is anticipated to drive multi-year revenue and earnings growth.
Linde is well-positioned to capitalize on the global shift towards decarbonization, providing a long-term growth runway.
Linde's stock trades at a premium P/E ratio compared to the broader chemicals industry, limiting room for error if earnings soften.
Prolonged weak industrial demand, especially in Europe, could pressure volumes and pricing power, impacting sentiment.
Fluctuations in costs for key inputs like electric power and natural gas pose significant risks to profitability.
Trailing total returns as of 9/23/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q3 2026Latest Jul 31, 2026 | $4.50+0.2% vs $4.49 | $9.3B+3.0% vs $9.0B |
Q2 2026 May 1, 2026 | $4.33+1.4% vs $4.27 | $8.8B+2.1% vs $8.6B |
Q1 2026 Feb 5, 2026 | $4.20+0.5% vs $4.18 | $8.8B+1.4% vs $8.6B |
Q4 2025 Oct 31, 2025 | $4.21+0.7% vs $4.18 | $8.6B-0.1% vs $8.6B |
On September 21, 2026, we delve into the DCF analysis for Linde PLC (LIN), a company that has seen mixed price performance recently, with a year-to-date increas
A CNBC analyst just anointed the world's largest industrial gas supplier as the quiet gatekeeper of the AI chip buildout, and the market has largely shrugged.
Q2 remained solid, but operating margin declined 60 basis points despite stronger pricing and volumes. The $8.1 billion backlog supports earnings visibility, although electronics growth is increasingly a sector-wide tailwind rather than a Linde-specific catalyst. Higher CAPEX and delayed project contributions temper the outlook, while APD and Air Liquide currently offer stronger margin-improvement stories.
Archer Investment Corp purchased a new stake in Linde PLC (NASDAQ: LIN) in the undefined quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 1,289 shares of the basic materials company's stock, valued at approximately $669,000. Several other institutional investors have also added to or
Benchmark LIN against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Linde plc (LIN)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $464.91 | $215.07B | 31.87 | 2.97% | 20.3% | 17.41% | 1.29% | |
| $287.86 | $64.1B | -162.63 | -0.52% | -0.38% | -0.27% | — | |
| $116.80 | $13.77B | -20.31 | -4.37% | 3.79% | 2.2% | — | |
| $276.22 | $77.74B | 37.94 | 2.16% | 12.57% | 21.34% | — | |
| $107.77 | $23.96B | 15.57 | 0.19% | 9.57% | 29.58% | — | |
| $328.35 | $79.71B | 31.97 | 2.06% | 11.01% | 62.12% | — |
Linde plc (LIN) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
Linde plc (LIN) SEC filings — annual & quarterly reports (10-K, 10-Q)
Jul 31, 2026·SEC
Jul 30, 2026·SEC
May 13, 2026·SEC
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Linde plc (LIN) stock FAQ — growth, dividends, profitability & financials explained
Linde plc (LIN) reported $35.45B in revenue for fiscal year 2025. This represents a 697% increase from $4.45B in 1996.
Linde plc (LIN) grew revenue by 3.0% over the past year. Growth has been modest.
Yes, Linde plc (LIN) is profitable, generating $7.29B in net income for fiscal year 2025 (20.3% net margin).
Yes, Linde plc (LIN) pays a dividend with a yield of 1.29%. This makes it attractive for income-focused investors.
Linde plc (LIN) has a return on equity (ROE) of 17.4%. This is reasonable for most industries.
Linde plc (LIN) generated $4.97B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
