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Linde plc Ordinary Shares (LIN)



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Upturn Advisory Summary
09/15/2025: LIN (2-star) has a low Upturn Star Rating. Not recommended to BUY.
1 Year Target Price $511
1 Year Target Price $511
12 | Strong Buy |
6 | Buy |
9 | Hold |
0 | Sell |
1 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 19.48% | Avg. Invested days 55 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Large-Cap Stock | Market Capitalization 226.03B USD | Price to earnings Ratio 34.24 | 1Y Target Price 511 |
Price to earnings Ratio 34.24 | 1Y Target Price 511 | ||
Volume (30-day avg) 28 | Beta 0.95 | 52 Weeks Range 406.06 - 484.83 | Updated Date 09/14/2025 |
52 Weeks Range 406.06 - 484.83 | Updated Date 09/14/2025 | ||
Dividends yield (FY) 1.20% | Basic EPS (TTM) 14.08 |
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 20.2% | Operating Margin (TTM) 28.26% |
Management Effectiveness
Return on Assets (TTM) 6.95% | Return on Equity (TTM) 17.31% |
Valuation
Trailing PE 34.24 | Forward PE 26.74 | Enterprise Value 247167150805 | Price to Sales(TTM) 6.8 |
Enterprise Value 247167150805 | Price to Sales(TTM) 6.8 | ||
Enterprise Value to Revenue 7.43 | Enterprise Value to EBITDA 18.93 | Shares Outstanding 468910016 | Shares Floating 467235525 |
Shares Outstanding 468910016 | Shares Floating 467235525 | ||
Percent Insiders 0.26 | Percent Institutions 87.42 |
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. Linde traces its roots back to 1879 with the founding of Gesellschaft fu00fcr Linde's Eismaschinen AG in Germany. The merger created the world's largest industrial gas company.
Core Business Areas
- Industrial Gases: Production, distribution, and sale of atmospheric gases (oxygen, nitrogen, argon) and process gases (hydrogen, carbon dioxide, helium).
- Engineering: Design and construction of turnkey plants for the production of industrial gases and other process plants.
Leadership and Structure
The CEO of Linde plc is Sanjiv Lamba. The company has a global organizational structure with regional segments responsible for operations and sales.
Top Products and Market Share
Key Offerings
- Oxygen: Used in various industries like steelmaking, chemical processing, and healthcare. Linde is a major supplier of oxygen globally. Competitors: Air Products, Air Liquide. Market Share Data: Accounts for a significant portion of industrial gas revenue.
- Nitrogen: Used for purging, blanketing, cooling, and freezing. Linde supplies nitrogen to diverse sectors. Competitors: Air Products, Air Liquide. Market Share Data: Accounts for a significant portion of industrial gas revenue.
- Hydrogen: Used in petroleum refining, chemical synthesis, and transportation. Linde is increasing its presence in the hydrogen market. Competitors: Air Products, Air Liquide. Market Share Data: Increasing market share in the growing hydrogen economy.
Market Dynamics
Industry Overview
The industrial gases industry is characterized by high barriers to entry, long-term contracts, and a focus on operational efficiency. The industry is consolidating, with a few major players dominating the market.
Positioning
Linde is the world's largest industrial gas company, holding a leading position in most major markets. Its scale, global network, and technological capabilities provide a competitive advantage.
Total Addressable Market (TAM)
The global industrial gases market is estimated at over $100 billion. Linde's position as the market leader positions it well to capture a substantial share of the TAM.
Upturn SWOT Analysis
Strengths
- Global scale and leading market position
- Extensive distribution network
- Strong technological capabilities
- Long-term customer relationships
- Operational efficiency
Weaknesses
- High capital expenditure requirements
- Exposure to cyclical industries
- Complexity of global operations
- Dependence on energy prices
- Integration risks following the merger of Praxair and Linde AG
Opportunities
- Growing demand for industrial gases in emerging markets
- Expanding applications of industrial gases in new industries
- Development of the hydrogen economy
- Adoption of digital technologies
- Strategic acquisitions
Threats
- Economic downturns
- Increased competition
- Fluctuations in energy prices
- Environmental regulations
- Geopolitical risks
Competitors and Market Share
Key Competitors
- APD
- AI
Competitive Landscape
Linde's advantages include its scale, global network, and technology. Competitors focus on specific markets or technologies.
Major Acquisitions
Linde Gas UK Limited
- Year: 2021
- Acquisition Price (USD millions): 47
- Strategic Rationale: Streamline operations. Data as of Dec 31 2021. Price is in millions
Growth Trajectory and Initiatives
Historical Growth: Linde's historical growth has been driven by organic expansion, acquisitions, and technological innovation.
Future Projections: Analyst estimates project continued growth for Linde, driven by demand for industrial gases in various sectors, including healthcare, manufacturing, and energy.
Recent Initiatives: Linde has invested in hydrogen projects, digitalization, and sustainable solutions.
Summary
Linde plc is a financially strong company and the world's largest industrial gas company, benefiting from its global scale and long-term customer relationships. It has strong opportunities in emerging markets and the hydrogen economy. However, Linde is exposed to cyclical industries and fluctuations in energy prices. Its success will depend on managing these risks and capitalizing on growth opportunities.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company SEC Filings
- Industry Reports
- Analyst Estimates
- Linde's website
Disclaimers:
This analysis is for informational purposes only and does not constitute investment advice. Market share figures are estimates and may vary depending on the source and definition.
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 64842 | Website https://www.linde.com |
Full time employees 64842 | 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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