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Linde plc Ordinary Shares (LIN)



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Upturn Advisory Summary
04/01/2025: LIN (3-star) is a STRONG-BUY. BUY since 41 days. Profits (3.18%). Updated daily EoD!
Analysis of Past Performance
Type Stock | Historic Profit -4.99% | Avg. Invested days 41 | Today’s Advisory Strong Buy |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Large-Cap Stock | Market Capitalization 222.15B USD | Price to earnings Ratio 34.44 | 1Y Target Price 496.05 |
Price to earnings Ratio 34.44 | 1Y Target Price 496.05 | ||
Volume (30-day avg) 2399799 | Beta 0.95 | 52 Weeks Range 408.47 - 484.40 | Updated Date 04/2/2025 |
52 Weeks Range 408.47 - 484.40 | Updated Date 04/2/2025 | ||
Dividends yield (FY) 1.28% | Basic EPS (TTM) 13.64 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 19.89% | Operating Margin (TTM) 27.93% |
Management Effectiveness
Return on Assets (TTM) 6.9% | Return on Equity (TTM) 16.72% |
Valuation
Trailing PE 34.44 | Forward PE 28.33 | Enterprise Value 238651287651 | Price to Sales(TTM) 6.73 |
Enterprise Value 238651287651 | Price to Sales(TTM) 6.73 | ||
Enterprise Value to Revenue 7.23 | Enterprise Value to EBITDA 18.59 | Shares Outstanding 472912000 | Shares Floating 471218594 |
Shares Outstanding 472912000 | Shares Floating 471218594 | ||
Percent Insiders 0.23 | Percent Institutions 87.68 |
Analyst Ratings
Rating 4.04 | Target Price 491.45 | Buy 6 | Strong Buy 13 |
Buy 6 | Strong Buy 13 | ||
Hold 7 | Sell 1 | Strong Sell 1 | |
Strong Sell 1 |
Upturn AI SWOT
Linde plc Ordinary Shares

Company Overview
History and Background
Linde plc was formed in 2018 through the merger of Praxair and Linde AG. Praxair was founded in 1907. Linde AG traces its roots back to 1879. The merger created the world's largest industrial gas company.
Core Business Areas
- Industrial Gases: Produces and distributes atmospheric gases (oxygen, nitrogen, argon) and process gases (hydrogen, helium, carbon dioxide). Serves industries like healthcare, manufacturing, and energy.
- Engineering: Designs and builds plants for the production of industrial gases and other process industries.
Leadership and Structure
The leadership team includes CEO Sanjiv Lamba. The organizational structure is based on geographic regions and global business units.
Top Products and Market Share
Key Offerings
- Oxygen: Used in steelmaking, chemical production, welding, and medical applications. Linde has a significant share of the global oxygen market, competing with Air Liquide and Air Products. Market share data is difficult to get to a specific product.
- Nitrogen: Used in electronics manufacturing, food processing, and metal treatment. Market share data is difficult to get to a specific product. Competitors include Air Liquide and Air Products.
- Hydrogen: Used in refineries, chemical plants, and as a fuel. Linde is investing heavily in hydrogen production and distribution infrastructure. Competitors include Air Liquide, Air Products, and smaller specialized hydrogen companies. Market share data is difficult to get to a specific product.
Market Dynamics
Industry Overview
The industrial gas industry is a consolidated market with high barriers to entry, driven by long-term contracts and capital-intensive infrastructure. Growth is tied to global economic activity and increased demand from emerging markets.
Positioning
Linde is a leading player in the industrial gas industry, known for its global scale, efficient operations, and broad product portfolio. It competes on price, reliability, and innovation.
Total Addressable Market (TAM)
The global industrial gases market is estimated to be over $100 billion. Linde plc Ordinary Shares is positioned to capture a significant share of this TAM through its strong market presence, diverse product offerings, and strategic investments in emerging markets and sustainable technologies.
Upturn SWOT Analysis
Strengths
- Global Scale
- Extensive Distribution Network
- Technological Expertise
- Strong Customer Relationships
- Cost Efficiency
Weaknesses
- Capital Intensive
- Exposure to Economic Cycles
- Regulatory Complexity
- Dependence on Large Industrial Customers
Opportunities
- Growth in Emerging Markets
- Increasing Demand for Clean Energy Solutions (Hydrogen)
- Expansion of Healthcare Applications
- Digitalization of Operations
- Strategic Acquisitions
Threats
- Economic Downturns
- Increased Competition
- Fluctuations in Energy Prices
- Geopolitical Instability
- Stringent Environmental Regulations
Competitors and Market Share
Key Competitors
- APD
- AI
Competitive Landscape
Linde's advantages include its global scale, diverse product portfolio, and strong customer relationships. Disadvantages include its capital-intensive nature and exposure to economic cycles. APD and AI are also major players.
Major Acquisitions
Linde Kryotechnik AG
- Year: 2021
- Acquisition Price (USD millions):
- Strategic Rationale: Strengthened Linde's position in cryogenic technology and expands its offerings for the growing market for liquefied natural gas (LNG).
Growth Trajectory and Initiatives
Historical Growth: Requires current, up-to-date financial statements to populate. This data cannot be accurately provided without real-time access.
Future Projections: Requires current, up-to-date financial statements to populate. This data cannot be accurately provided without real-time access.
Recent Initiatives: Linde is focused on investing in hydrogen projects, expanding its presence in emerging markets, and improving operational efficiency through digitalization.
Summary
Linde plc is a dominant player in the industrial gas market due to its global scale and diverse portfolio. Its commitment to hydrogen and strategic acquisitions support future growth. However, it faces economic risks and stringent environmental regulations that it needs to manage effectively to sustain its leading position.
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Sources and Disclaimers
Data Sources:
- Company Filings
- Industry Reports
- Analyst Estimates
Disclaimers:
The information provided is for informational purposes only and should not be considered financial advice. Market share data is estimated based on available information and may not be precise. Financial data needs real time access and is not provided.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Linde plc Ordinary Shares
Exchange NASDAQ | Headquaters - | ||
IPO Launch date 2002-01-11 | CEO & Director Mr. Sanjiv Lamba | ||
Sector Basic Materials | Industry Specialty Chemicals | Full time employees 65289 | Website https://www.linde.com |
Full time employees 65289 | Website https://www.linde.com |
Linde plc operates as an industrial gas company in the United States, China, Germany, the United Kingdom, Australia, Mexico, Brazil, and internationally. It offers atmospheric gases, including oxygen, nitrogen, argon, and rare gases; and process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, electronic gases, specialty gases, acetylene, etc. The company also designs and constructs turnkey process plants for third-party customers, as well as for the gas businesses in various locations consist of air separation, hydrogen, synthesis, olefin, and natural gas plants. It serves a range of industries comprising healthcare, chemicals and energy, manufacturing, metals and mining, food and beverage, and electronics. Linde plc was founded in 1879 and is based in Woking, the United Kingdom.
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