LINDE PLC · Industrial Inorganic Chemicals

LIN

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The short version

A high-quality, profitable business with steady sales. Institutions are adding.

Going well

Profitable every year for 10 years
Brings in more cash than it spends
Buying back shares: share count down 6.3% in 3 years

Money moves

No insider buying or selling in the last 30 days
Institutions added 4% to their holdings in the quarter ending June 2026 (1185 bought, 888 sold)
Held by George Soros (Soros Fund), Stanley Druckenmiller (Duquesne)

Facts from SEC filings, not a recommendation.

What the price means

Price as of Oct 26

$507.57-0.2% that day

Company value: $234.0B; Share price times all shares
Price vs profit (P/E): 32.8x; You pay about $33 for each $1 of yearly profit
Price vs sales: 6.6x; Company value is 6.6 times a year of sales
Dividend yield: 1.2%; Yearly dividend as a share of today's price
Cash vs value: 2%; Cash as a share of company value
Debt vs value: 10%; Debt as a share of company value

From LIN's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.

The business over time

Last 12 quarters, from SEC filings

Sales, Jun '26

$9.3B+9.3% vs a year earlier

Sep '23Tap a barJun '26

Last 12 months: $35.4B, up 6.6% from the 12 months before. Over 5 years, sales grew about 4.5% a year.

What the price assumes

Your guesses, our math

Move the sliders to your own view of LIN. Starting points are the company's recent numbers.

Sales growth+7% a yearRecently: +6.6% a yearProfit margin20%Last 12 months: 20.4%P/E at the end33xToday: 32.8x. Many steady companies trade at 12x to 25xShare count change-2% a yearBelow zero means buybacks; above zero means new shares (dilution)

Sales in 5 years$49.7B

Profit in 5 years$9.9B

Price these guesses point to$787.51+55% vs $507.57 todayAbout +9.2% a year, before dividends

What today's price needs: with a 20% margin and a 33x P/E, sales could shrink about 2.0% a year for 5 years and still match today's price.

Simple math on your guesses, not a forecast or a price target. Real results depend on many things these sliders leave out.

Price

Price chart by TradingView.

Business quality

The checklist Warren Buffett-style investors use. Annual numbers for 2025.

5/6Strong

PassReturn on equity 15%+Earns a lot on the money owners have in the business.18.1%
MissDebt under half of equityNot relying on borrowed money.0.59x equity
PassNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.20.3%
PassProfitable every yearSteady profits, not one good year.10 of 10 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$5.1B
PassShare count not growingNot diluting owners. Falling means buybacks.-6.3% in 3 years

Revenue: $34.0B; +3.0% vs prior year
5-year growth: +4.5%/yr; revenue, per year
Total debt: $22.5B; 0.59x equity
Current ratio: 0.88x; short-term assets / bills due

From annual reports filed with the SEC. Not in this company's SEC data, so not scored: gross margin 40%+. A checklist is a starting point for research, not a verdict.