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Linde plc Ordinary Shares (LIN)


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Upturn Advisory Summary
10/21/2025: LIN (2-star) is currently NOT-A-BUY. Pass it for now.
1 Year Target Price $513.14
1 Year Target Price $513.14
12 | Strong Buy |
6 | Buy |
9 | Hold |
0 | Sell |
1 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 17.66% | Avg. Invested days 57 | Today’s Advisory PASS |
Upturn Star Rating ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Large-Cap Stock | Market Capitalization 211.74B USD | Price to earnings Ratio 32.05 | 1Y Target Price 513.14 |
Price to earnings Ratio 32.05 | 1Y Target Price 513.14 | ||
Volume (30-day avg) 28 | Beta 0.94 | 52 Weeks Range 406.06 - 484.83 | Updated Date 10/20/2025 |
52 Weeks Range 406.06 - 484.83 | Updated Date 10/20/2025 | ||
Dividends yield (FY) 1.28% | Basic EPS (TTM) 14.09 |
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 32.05 | Forward PE 26.04 | Enterprise Value 241277647083 | Price to Sales(TTM) 6.37 |
Enterprise Value 241277647083 | Price to Sales(TTM) 6.37 | ||
Enterprise Value to Revenue 7.26 | Enterprise Value to EBITDA 18.48 | Shares Outstanding 468909532 | Shares Floating 467230836 |
Shares Outstanding 468909532 | Shares Floating 467230836 | ||
Percent Insiders 0.26 | Percent Institutions 87.59 |
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, founded in 1907, and Linde AG, founded in 1879, both have a long history of providing industrial gases and engineering services. The merger created the world's largest industrial gas company.
Core Business Areas
- Industrial Gases: Produces and distributes atmospheric gases (oxygen, nitrogen, argon), process gases (hydrogen, carbon dioxide, helium), and specialty gases. Serves various industries including healthcare, chemicals, manufacturing, and electronics.
- Engineering: Designs and builds plants and equipment for the production of industrial gases and other process industries. Provides engineering, procurement, and construction (EPC) services.
Leadership and Structure
The company is led by a CEO and has a board of directors. The organizational structure is divided into business units focused on specific geographic regions and product lines.
Top Products and Market Share
Key Offerings
- Oxygen: Used in steelmaking, healthcare, and chemical processing. Linde holds a significant market share in the global oxygen market. Competitors include Air Liquide and Air Products.
- Nitrogen: Used in electronics manufacturing, food processing, and metal fabrication. Linde is a major supplier of nitrogen globally. Competitors include Air Liquide and Air Products.
- Hydrogen: Used in refining, chemical production, and transportation. Linde is investing heavily in hydrogen production and distribution infrastructure. Competitors include Air Liquide and Air Products.
- Argon: Used in welding, lighting, and semiconductor manufacturing. Linde is a significant supplier of argon. Competitors include Air Liquide and Air Products.
Market Dynamics
Industry Overview
The industrial gases industry is characterized by high barriers to entry, concentrated market share, and long-term contracts. Demand is driven by economic growth, industrial production, and increasing environmental regulations.
Positioning
Linde plc is the world's largest industrial gas company with a strong global presence, a diverse product portfolio, and a leading position in key markets. Its competitive advantages include its scale, efficient operations, and technological expertise.
Total Addressable Market (TAM)
The global industrial gases market is estimated to be worth over $100 billion. Linde plc captures a substantial part of this TAM due to its market leadership and geographic reach.
Upturn SWOT Analysis
Strengths
- Global market leader
- Diverse product portfolio
- Strong customer relationships
- Efficient operations
- Technological expertise
Weaknesses
- Cyclical exposure to industrial production
- High capital expenditure requirements
- Exposure to raw material price fluctuations
- Complexity of global operations
Opportunities
- Growth in emerging markets
- Increasing demand for clean energy solutions (hydrogen)
- Expansion of healthcare services
- Adoption of new technologies (e.g., digitalization)
Threats
- Economic downturns
- Intense competition
- Regulatory changes
- Geopolitical risks
Competitors and Market Share
Key Competitors
- Air Liquide (AI.PA)
- Air Products and Chemicals (APD)
Competitive Landscape
Linde plc has a strong competitive position due to its scale, global presence, and diverse product portfolio. However, it faces intense competition from Air Liquide and Air Products, which also have significant market share and technological expertise.
Major Acquisitions
Lincare Holdings
- Year: 2012
- Acquisition Price (USD millions): 3800
- Strategic Rationale: Expanded Linde's presence in the home healthcare market and broadened its product offerings.
Growth Trajectory and Initiatives
Historical Growth: Linde plc has achieved significant growth through organic expansion, acquisitions, and cost optimization. The merger of Praxair and Linde AG created a larger and more efficient company.
Future Projections: Analysts project continued growth for Linde plc, driven by increasing demand for industrial gases, expansion in emerging markets, and investments in new technologies.
Recent Initiatives: Linde plc has recently focused on expanding its hydrogen business, investing in digitalization initiatives, and optimizing its operations.
Summary
Linde plc is a strong player in the industrial gas market because of its size and reach. Its main strength is in scale, allowing it to be efficient. Linde needs to keep an eye on competition and global economics, and any changes in regulation.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company Filings (e.g., 10-K reports)
- Analyst Reports
- Industry Publications
- Company Website
Disclaimers:
This analysis is for informational purposes only and should not be considered financial advice. Investment decisions should be based on thorough research and consultation with a financial professional. Market share data is approximate and based on available information.
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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