LIN Valuation
LIN Price/Sales (Trailing)
LIN Profitability
LIN Fundamentals
LIN Revenue
LIN Earnings
Price Action
Last 7 days
6.1%
Last 30 days
5.4%
Last 90 days
3.9%
Trailing 12 Months
11.3%
LIN Financial Health
LIN Investor Care
Peers (Alternatives to Linde)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
LIN | 171.0B | 33.3B | 5.41% | 11.33% | 38.09 | 5.13 | 4.99% | 11.67% |
APD | 60.5B | 13.1B | -6.15% | 16.69% | 27.77 | 4.6 | 15.36% | -2.58% |
ALB | 24.0B | 8.8B | 16.03% | -13.15% | 6.54 | 2.74 | 141.91% | 1206.08% |
FMC | 15.7B | 5.8B | -14.88% | -14.64% | 21.26 | 2.7 | 11.45% | -4.90% |
| MID-CAP | ||||||||
EMN | 10.0B | 10.3B | 0.98% | -22.40% | 12.61 | 0.94 | -4.67% | -15.40% |
OLN | 6.4B | 8.8B | -8.48% | -19.97% | 5.92 | 0.74 | -7.34% | -24.77% |
HUN | 4.6B | 7.6B | -2.62% | -27.97% | 11.32 | 0.6 | -11.52% | -66.83% |
CC | 4.2B | 6.6B | 1.60% | -31.13% | 8.54 | 0.64 | -1.62% | -34.54% |
GCP | 2.4B | - | 1.27% | 44.25% | 215.39 | 2.37 | - | - |
TROX | 1.8B | 3.2B | -9.18% | -34.62% | 3.57 | 0.56 | -12.31% | 75.61% |
| SMALL-CAP | ||||||||
MTX | 1.9B | 2.2B | 2.09% | -10.86% | 16.19 | 0.87 | 11.83% | -31.82% |
LXU | 1.5B | 883.7M | 4.65% | -51.86% | 7.58 | 1.85 | 34.48% | 62.20% |
KRO | 980.6M | 1.8B | -4.07% | -53.48% | 30.84 | 0.55 | -11.96% | -78.91% |
VHI | 390.4M | 2.1B | -15.72% | -71.22% | 7.41 | 0.18 | -12.47% | -66.60% |
VNTR | 31.4M | 2.2B | -31.99% | -85.07% | -0.17 | 0.01 | -1.76% | -144.59% |
Financials for Linde
| Income Statement (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 |
| Revenue | -0.1% | 33,346 | 33,364 | 33,763 | 32,634 | 31,761 |
| S&GA Expenses | 0.6% | 3,127 | 3,107 | 3,130 | 3,153 | 3,204 |
| R&D Expenses | 0.7% | 144 | 143 | 145 | 146 | 143 |
| EBITDA | 2.0% | 9,684 | 9,495 | 9,721 | 10,200 | - |
| EBITDA Margin | 3.2% | 0.29* | 0.28* | 0.30* | 0.32* | - |
| Earnings Before Taxes | 7.3% | 5,949 | 5,543 | 5,184 | 4,865 | 5,392 |
| EBT Margin | 8.2% | 0.17* | 0.15* | 0.15* | 0.17* | - |
| Interest Expenses | -44.4% | -91.00 | -63.00 | -63.00 | -53.00 | -66.00 |
| Net Income | 8.2% | 4,489 | 4,147 | 3,845 | 3,551 | 4,020 |
| Net Income Margin | 9.1% | 0.12* | 0.11* | 0.11* | 0.13* | - |
| Free Cahsflow | -17.8% | 5,691 | 6,926 | 6,867 | 6,643 | - |
| Balance Sheet | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 |
| Assets | 0.8% | 80,308 | 79,658 | 74,323 | 77,885 | 82,767 |
| Current Assets | -1.1% | 12,904 | 13,047 | 11,203 | 11,272 | 12,257 |
| Cash Equivalents | -8.7% | 4,962 | 5,436 | 3,756 | 3,655 | 4,464 |
| Inventory | 3.8% | 2,054 | 1,978 | 1,855 | 1,786 | 1,766 |
| Goodwill | 2.3% | 26,418 | 25,817 | 24,565 | 25,678 | 26,822 |
| Liabilities | 1.8% | 38,972 | 38,271 | 35,384 | 36,845 | 38,377 |
| Current Liabilities | 7.9% | 17,785 | 16,479 | 15,061 | 15,295 | 14,506 |
| . Short Term Borrowings | 29.6% | 5,337 | 4,117 | 3,179 | 3,215 | 2,549 |
| Long Term Debt | -3.7% | 11,744 | 12,198 | 10,608 | 11,177 | 12,833 |
| Shareholder's Equity | -0.1% | 39,970 | 40,028 | 37,628 | 41,027 | 44,377 |
| Retained Earnings | -70.3% | 6,092 | 20,541 | 19,845 | 19,159 | 19,387 |
| Additional Paid-In Capital | -0.4% | 39,859 | 40,005 | 40,011 | 39,978 | 39,972 |
| Shares Outstanding | -1.1% | 492 | 497 | 501 | 507 | - |
| Minority Interest | 0.5% | 1,353 | 1,346 | 1,298 | 1,353 | 1,414 |
| Cashflow (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 |
| Cashflow From Operations | -1.0% | 8,772 | 8,864 | 10,002 | 9,922 | 9,616 |
| Share Based Compensation | -3.7% | 103 | 107 | 111 | 116 | 133 |
| Cashflow From Investing | -31.4% | -4,057 | -3,088 | -3,083 | -3,054 | -2,921 |
| Cashflow From Financing | -32.6% | -4,097 | -3,089 | -7,696 | -6,232 | -6,374 |
| Dividend Payments | 1.3% | 2,375 | 2,344 | 2,299 | 2,264 | 2,228 |
| Buy Backs | -16.6% | 4,308 | 5,168 | 5,839 | 5,859 | 5,463 |
Risks for LIN
What is the probability of a big loss on LIN?
29.2%
Probability that Linde stock will be more than 20% underwater in next one year
18.5%
Probability that Linde stock will be more than 30% underwater in next one year.
0%
Probability that Linde stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does LIN drawdown profile look like?
Y-axis is the maximum loss one would have experienced if Linde was unfortunately bought at previous high price.
Drawdowns
Returns for LIN
Cumulative Returns on LIN
13.9%
10-Year Cumulative Returns
19.3%
7-Year Cumulative Returns
20.8%
5-Year Cumulative Returns
33.0%
3-Year Cumulative Returns
What are the long-term rolling returns for LIN?
FIve years rolling returns for Linde.
Annualized Returns
Which funds bought or sold LIN recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-05-24 | Old North State Trust, LLC | sold off | -100 | -49,000 | - | -% |
2023-05-23 | BROOKFIELD Corp /ON/ | sold off | -100 | -8,183,200 | - | -% |
2023-05-23 | Toroso Investments, LLC | reduced | -95.35 | -2,013,000 | 106,000 | -% |
2023-05-22 | Arete Wealth Advisors, LLC | sold off | -100 | -384,964,000 | - | -% |
2023-05-22 | PUTNAM INVESTMENTS LLC | sold off | -100 | -130,477,000 | - | -% |
2023-05-22 | American Trust | sold off | -100 | -6,462,280 | - | -% |
2023-05-22 | AMERIPRISE FINANCIAL INC | sold off | -100 | -973,652,000 | - | -% |
2023-05-22 | FDx Advisors, Inc. | unchanged | - | - | 3,719,000 | 0.16% |
2023-05-18 | Border to Coast Pensions Partnership Ltd | added | 9.86 | 7,080,000 | 42,989,000 | 1.15% |
2023-05-18 | JPMORGAN CHASE & CO | sold off | -100 | -1,862,180,000 | - | -% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
LIN Alerts
Linde News
Schedule 13G FIlings of Linde
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Feb 09, 2023 | vanguard group inc | 9.47% | 46,650,053 | SC 13G/A | |
| Feb 03, 2023 | blackrock inc. | 7.9% | 38,789,331 | SC 13G/A | |
| Feb 10, 2021 | vanguard group inc | 8.16% | 42,775,562 | SC 13G/A | |
| Jan 29, 2021 | blackrock inc. | 7.6% | 39,522,967 | SC 13G/A | |
| Feb 12, 2020 | vanguard group inc | 8.22% | 44,202,926 | SC 13G/A | |
| Feb 05, 2020 | blackrock inc. | 7.5% | 40,553,205 | SC 13G/A |
LIN Fair Value
Linde fair value in different scenarios
The table shows the Fair Value estimates for Linde for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
| Fair Value | Very Pessimistic | Pessimistic | Base Case | Optimistic | Very Optimistic |
|---|---|---|---|---|---|
| Very Low Inflation | 163.03 - | 204.19 - | 287.54 - | 370.43 - | 449.25 - |
| Current Inflation | 149.60 - | 184.31 - | 253.63 - | 321.98 - | 387.00 - |
| Very High Inflation | 133.20 - | 160.53 - | 214.14 - | 266.46 - | 316.32 - |
Historical Linde Fair Value Estimates
Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price
Recent SEC filings of Linde
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| May 19, 2023 | 4 | Insider Trading | |
| May 17, 2023 | 4 | Insider Trading | |
| May 17, 2023 | 4 | Insider Trading | |
| May 15, 2023 | 144 | Notice of Insider Sale Intent | |
| May 15, 2023 | 144/A | 144/A | |
| May 03, 2023 | 4 | Insider Trading | |
| May 03, 2023 | 4 | Insider Trading | |
| May 03, 2023 | S-3ASR | S-3ASR | |
| May 01, 2023 | 144 | Notice of Insider Sale Intent | |
| May 01, 2023 | 144 | Notice of Insider Sale Intent |
Latest Insider Trading transactions for LIN
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-05-15 | Hoyt Kelcey E | sold (taxes) | -4,565,760 | 367 | -12,421 | principal accounting officer |
2023-05-15 | Strauss David P | sold (taxes) | -1,637,500 | 371 | -4,411 | executive vp, chief hr officer |
2023-05-15 | Hoyt Kelcey E | acquired | 2,203,230 | 110 | 19,860 | principal accounting officer |
2023-05-15 | Strauss David P | acquired | 784,080 | 118 | 6,605 | executive vp, chief hr officer |
2023-05-15 | Strauss David P | sold | -814,016 | 371 | -2,194 | executive vp, chief hr officer |
2023-05-15 | Hoyt Kelcey E | gifted | - | - | -215 | principal accounting officer |
2023-05-01 | Bichara Guillermo | sold | -5,442,460 | 371 | -14,648 | exec vp& chief legal officer |
2023-05-01 | Bichara Guillermo | sold (taxes) | -9,464,840 | 371 | -25,452 | exec vp& chief legal officer |
2023-05-01 | ANGEL STEPHEN F | acquired | 11,893,800 | 102 | 116,355 | - |
2023-05-01 | ANGEL STEPHEN F | sold (taxes) | -26,475,300 | 372 | -71,046 | - |
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.
LIN Income Statement
2023-03-31CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Millions | 3 Months Ended | |
|---|---|---|
Mar. 31, 2023 | Mar. 31, 2022 | |
| Income Statement [Abstract] | ||
| Sales | $ 8,193 | $ 8,211 |
| Cost of sales, exclusive of depreciation and amortization | 4,431 | 4,798 |
| Selling, general and administrative | 822 | 802 |
| Depreciation and amortization | 948 | 1,112 |
| Research and development | 36 | 35 |
| Other charges | 18 | (4) |
| Other income (expense) - net | (5) | 12 |
| Operating Profit | 1,933 | 1,480 |
| Interest expense - net | 37 | 9 |
| Net pension and OPEB cost (benefit), excluding service cost | (45) | (64) |
| Income Before Income Taxes and Equity Investments | 1,941 | 1,535 |
| Income taxes | 430 | 369 |
| Income Before Equity Investments | 1,511 | 1,166 |
| Income from equity investments | 41 | 44 |
| Net Income (Including Noncontrolling Interests) | 1,552 | 1,210 |
| Less: noncontrolling interests | (36) | (36) |
| Net Income – Linde plc | $ 1,516 | $ 1,174 |
| Per Share Data – Linde plc Shareholders | ||
| Basic earnings per share (in dollars per share) | $ 3.08 | $ 2.31 |
| Diluted earnings per share (in dollars per share) | $ 3.06 | $ 2.30 |
| Weighted Average Shares Outstanding (000’s): | ||
| Basic shares outstanding (in shares) | 491,817 | 507,152 |
| Diluted shares outstanding (in shares) | 495,676 | 511,410 |
LIN Balance Sheet
2023-03-31CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions | Mar. 31, 2023 | Dec. 31, 2022 |
|---|---|---|
| Assets | ||
| Cash and cash equivalents | $ 4,962 | $ 5,436 |
| Accounts receivable - net | 4,753 | 4,559 |
| Contract assets | 175 | 124 |
| Inventories | 2,054 | 1,978 |
| Prepaid and other current assets | 960 | 950 |
| Total Current Assets | 12,904 | 13,047 |
| Property, plant and equipment - net | 23,796 | 23,548 |
| Goodwill | 26,418 | 25,817 |
| Other intangible assets - net | 12,638 | 12,420 |
| Other long-term assets | 4,552 | 4,826 |
| Total Assets | 80,308 | 79,658 |
| Liabilities and equity | ||
| Accounts payable | 2,941 | 2,995 |
| Short-term debt | 5,337 | 4,117 |
| Current portion of long-term debt | 1,696 | 1,599 |
| Contract liabilities | 3,070 | 3,073 |
| Other current liabilities | 4,741 | 4,695 |
| Total Current Liabilities | 17,785 | 16,479 |
| Long-term debt | 11,744 | 12,198 |
| Other long-term liabilities | 9,443 | 9,594 |
| Total Liabilities | 38,972 | 38,271 |
| Redeemable noncontrolling interests | 13 | 13 |
| Linde plc Shareholders’ Equity (Note 11): | ||
| Ordinary shares,€0.001 par value, authorized 1,750,000,000 shares, 2023 issued: 490,766,972 ordinary shares; 2022 issued: 552,012,862 ordinary shares | 0 | 1 |
| Additional paid-in capital | 39,859 | 40,005 |
| Retained earnings | 6,092 | 20,541 |
| Accumulated other comprehensive income (loss) | (5,810) | (5,782) |
| Less: Treasury shares, at cost (2023 – 514,984 shares and 2022 – 59,555,235 shares) | (171) | (14,737) |
| Total Linde plc Shareholders’ Equity | 39,970 | 40,028 |
| Noncontrolling interests | 1,353 | 1,346 |
| Total Equity | 41,323 | 41,374 |
| Total Liabilities and Equity | $ 80,308 | $ 79,658 |