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Linde plc Ordinary Shares (LIN)



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Upturn Advisory Summary
08/28/2025: LIN (2-star) has a low Upturn Star Rating. Not recommended to BUY.
1 Year Target Price $508.65
1 Year Target Price $508.65
12 | Strong Buy |
6 | Buy |
9 | Hold |
0 | Sell |
1 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 20.45% | Avg. Invested days 54 | 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 226.35B USD | Price to earnings Ratio 34.31 | 1Y Target Price 508.65 |
Price to earnings Ratio 34.31 | 1Y Target Price 508.65 | ||
Volume (30-day avg) 28 | Beta 0.93 | 52 Weeks Range 407.35 - 486.38 | Updated Date 08/27/2025 |
52 Weeks Range 407.35 - 486.38 | Updated Date 08/27/2025 | ||
Dividends yield (FY) 1.20% | Basic EPS (TTM) 14.07 |
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 2025-08-01 | When - | Estimate 4.03 | Actual 4.09 |
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 34.31 | Forward PE 29.33 | Enterprise Value 247110881661 | Price to Sales(TTM) 6.81 |
Enterprise Value 247110881661 | Price to Sales(TTM) 6.81 | ||
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 87.43 |
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 as Linde Air Products Company. Linde AG was founded in 1879. The merger created the world's largest industrial gas company.
Core Business Areas
- Industrial Gases: Production, sale, and distribution of atmospheric gases (oxygen, nitrogen, argon), process gases (hydrogen, helium, carbon dioxide), and specialty gases.
- Engineering: Engineering, procurement, and construction (EPC) services for industrial plants, particularly in the areas of gas processing, air separation, and petrochemicals.
- Healthcare: Supply of medical gases, therapies, and healthcare services to hospitals, clinics, and home healthcare providers.
Leadership and Structure
The CEO of Linde plc is Sanjiv Lamba. The company operates with a global organizational structure, divided into regional segments and global functions. The board of directors provides strategic oversight.
Top Products and Market Share
Key Offerings
- Oxygen: Used in various industries, including healthcare, steelmaking, and chemical processing. Market share information is difficult to pinpoint exact numbers, but Linde is a global leader in oxygen supply. Competitors include Air Liquide, Air Products and Chemicals.
- Nitrogen: Used for cooling, preservation, and as an inert atmosphere in electronics manufacturing and food processing. Market share information is difficult to pinpoint exact numbers, but Linde is a global leader in nitrogen supply. Competitors include Air Liquide, Air Products and Chemicals.
- Hydrogen: Growing use in clean energy, refining, and chemical production. Linde is expanding its hydrogen production and distribution capabilities. Competitors include Air Liquide, Air Products and Chemicals.
Market Dynamics
Industry Overview
The industrial gases industry is characterized by high barriers to entry due to the capital-intensive nature of production and distribution. The industry is consolidated, with a few major players dominating the market. Demand is driven by growth in various end markets, including manufacturing, healthcare, and energy.
Positioning
Linde plc is the world's largest industrial gas company. Its competitive advantages include its global scale, extensive distribution network, technological expertise, and strong customer relationships.
Total Addressable Market (TAM)
The global industrial gases market is estimated to be worth hundreds of billions of dollars annually. Linde is well positioned to capture a significant share of this market due to its size and global reach.
Upturn SWOT Analysis
Strengths
- Global Scale and Reach
- Extensive Distribution Network
- Technological Expertise
- Strong Customer Relationships
- Cost Leadership
- Strong R&D capabilities
Weaknesses
- High Capital Expenditure
- Exposure to Cyclical Industries
- Complexity of Global Operations
- Sensitivity to Energy Prices
Opportunities
- Growing Demand for Industrial Gases in Emerging Markets
- Expansion of Hydrogen Economy
- Increasing Outsourcing of Industrial Gas Supply
- Development of New Applications for Industrial Gases
- Carbon Capture Technology
Threats
- Economic Downturns
- Increased Competition
- Fluctuations in Energy Prices
- Environmental Regulations
- Geopolitical Risks
Competitors and Market Share
Key Competitors
- APD
- ACH
- PX
Competitive Landscape
Linde benefits from scale, innovation, and a broad product portfolio. Its competitors are strong, focusing on niche markets or specific geographies.
Major Acquisitions
Linde AG (merger with Praxair)
- Year: 2018
- Acquisition Price (USD millions):
- Strategic Rationale: To create the world's largest industrial gas company, achieving significant cost synergies and expanding global reach.
Growth Trajectory and Initiatives
Historical Growth: Historical growth has been driven by organic expansion, acquisitions, and increased demand for industrial gases.
Future Projections: Future growth is expected to be driven by emerging markets, the hydrogen economy, and new applications for industrial gases. Analyst estimates can be found on financial websites.
Recent Initiatives: Recent initiatives include investments in hydrogen production, expansion in emerging markets, and cost optimization programs.
Summary
Linde plc is a dominant player in the industrial gas industry, benefiting from its global scale and extensive distribution network. While the company faces cyclical demand and high capital expenditures, it is well-positioned to capitalize on growth opportunities in emerging markets and the hydrogen economy. Linde needs to be aware of competition and fluctuations in energy prices. Overall, it is a strong company in its sector with room for growth.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Linde plc Investor Relations
- SEC Filings (10-K, 10-Q)
- Market Research Reports
- Financial News Outlets
- Company Press Releases
Disclaimers:
The data provided is for informational purposes only and should not be considered investment advice. Market conditions and company performance are subject to change. All financial data is approximate and may vary slightly from official figures. Please consult a financial advisor before making any investment decisions.
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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