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Linde plc Ordinary Shares(LIN)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for LIN
10/08/2026: LIN (3-star) is currently NOT-A-BUY. Pass it for now.
Linde plc is a premier global provider of industrial gases and engineering services, serving a wide array of sectors like chemicals, healthcare, and energy. The company is known for its resilient, long-term contract-based business model, which supports steady growth and reliable cash flows. Its primary investment story centers on its leadership in the clean hydrogen economy and decarbonization infrastructure, which aligns with global environmental trends. Key risks include exposure to industrial production cycles and high capital expenditure requirements. Linde is well-suited for long-term investors seeking defensive growth and consistent dividend returns, though shareholders should monitor the execution of its clean energy initiatives and potential regulatory shifts.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
Company fundamentals, valuation, risks, and news provide supporting context about the business.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Strong fit | Linde offers steady, predictable long-term growth driven by secular trends in industrial efficiency and energy transition. |
| Momentum investor | Strong fit while signal remains positive | The stock often exhibits strong price performance during periods of positive industrial market sentiment. |
| Value investor | Mixed fit | Linde often trades at a premium multiple due to its high-quality business model and market leadership. |
| Dividend investor | Strong fit | Linde provides consistent and growing dividend income supported by highly stable cash flows. |
| Low-risk investor | Strong fit | The company's defensive business model, underpinned by long-term contracts, reduces downside risk compared to cyclical industrial stocks. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | Medium | While defensive, the stock is subject to general market sentiment and commodity price movements. |
| Valuation risk | Medium / high | High quality often commands a high P/E ratio, leaving little room for error in earnings execution. |
| Competition risk (Industrial Gas) | Medium | Market share battles with large, well-capitalized global peers like Air Liquide can pressure margins. |
| Business quality | Strong | The company possesses a wide economic moat due to infrastructure scale and long-term customer lock-in. |
| Dividend income | Strong | Linde has a reliable track record of dividend payments and increases. |
| Execution risk | Medium | Successful integration of new large-scale projects and hydrogen initiatives is critical to long-term performance. |
Price Behavior
Rolling Over
The price momentum is slowing down and beginning to turn downward.
Smooth
The stock has moved along a generally orderly path with only modest fluctuations.
Analysis of Past Performance
Type Stock | Historic Profit 33.64% | Avg. Invested days 59 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  4.0 | Stock Returns Performance  3.0 |
| Profits based on simulation | Last Close 10/08/2026 |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals
Financial Health Rating
Growth Momentum Score
Ownership
Top 5 Institutional Investors
Unit Economics (Per $1K Revenue)
Economic Dimensions
Quantitative Style Profile
Style Classification
Quality Focused
Key Highlights
Company Size Large-Cap Stock | Market Capitalization 223.11B USD | Price to earnings Ratio 31.24 | 1Y Target Price 543.81 |
Price to earnings Ratio 31.24 | 1Y Target Price 543.81 | ||
Volume (30-day avg) 2.1M shares | Beta 0.71 | 52 Weeks Range 384.00 - 546.40 | Updated Date 10/07/2026 |
52 Weeks Range 384.00 - 546.40 | Updated Date 10/07/2026 | ||
Dividends yield (FY) 1.27% | Basic EPS (TTM) 15.49 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| On-Site/Pipeline | Supplying high volumes of gases directly to industrial customers through long-term contracts. | This is a stable, recurring revenue stream that acts as the backbone of the company. |
| Merchant/Packaged | Distribution of gases in bulk or cylinders to smaller industrial, medical, and food customers. | Provides higher margin flexibility and broader customer diversification. |
| Engineering | Building plants for internal use and external clients. | Acts as both a profit center and a technology driver for future growth. |
| Geography | Global operations split across Americas, EMEA, and APAC. | Geographic diversity reduces reliance on any single country's economic health. |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Valuation
Trailing PE 31.24 | Forward PE 23.58 | Enterprise Value 237.43B | Price to Sales(TTM) 6.29 |
Enterprise Value 237.43B | Price to Sales(TTM) 6.29 | ||
Enterprise Value to Revenue 6.7 | Enterprise Value to EBITDA 17.42 | Shares Outstanding 460.98M | Shares Floating 459.50M |
Shares Outstanding 460.98M | Shares Floating 459.50M | ||
Percent Insiders 0.25 | Percent Institutions 88.69 |
Upturn AI Summary
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.
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.
Net Income (Profit)
Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.
Free Cash Flow (Cash Strength)
Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.
📈 Growth & Strength
Operating Income (Core Profit)
Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.
EBITDA (Cash Earnings)
Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.
Gross Profit (Unit Profitability)
Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.
🛡️ Financial Safety
Cash (Liquidity Buffer)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.
Net Working Capital (Short-Term Health)
Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.
🧱 Balance Sheet Strength
Stockholder Equity (Net Worth)
Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.
Total Assets (Asset Base)
The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.
Income Before Tax (Pre-Tax Earnings)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.
Total Operating Expenses (Operating Cost)
Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.
Income Tax Expense (Tax Drag)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.
News (Last Updated: 10/08/2026)
About Linde plc Ordinary Shares
Exchange NASDAQ | Headquarters - | ||
IPO Launch date 2002-01-11 | CEO & Chairman of the Board Mr. Sanjiv Lamba | ||
Sector Basic Materials | Industry Specialty Chemicals | Full time employees 64649 | Website https://www.linde.com |
Full time employees 64649 | Website https://www.linde.com | ||
Linde plc operates as an industrial gas company worldwide. The company 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, and acetylene. It also engages in the design and construction of turnkey process plants for third-party customers, as well as for its gas businesses, including air separation, hydrogen, synthesis, olefin, and natural gas plants. The company serves the healthcare, chemicals and energy, manufacturing, metals and mining, food and beverage, and electronics industries. It operates in the United States, Brazil, Mexico, Canada, Germany, the United Kingdom, Eastern Europe, China, Australia, South Korea, and India. Linde plc was founded in 1879 and is based in Woking, the United Kingdom.
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