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v0.1
LIN$515.44+1.58%
Fair $382.50-25.8%

LIN

Linde plc

Unknown / UnknownNasdaqGSGB

$515.44

+8.13 (+1.58%)

Modestly Overvalued-25.8%Fair Value $382.50Fund rank 38/100 · PassSEC 6/35 yrs|
SA 46/C
F-Score: 5/9

FCF base 3Y

$224.39

-24.2% CAGR · yield 5.0%

FCF base 5Y

$227.27

-15.1% base · -13.5% expected

Precio de entrada

$107.36

MOS 17% · confianza 91%

FCF escenarios

audited · normalized FCF $5.1B · quality 77.3/100

Pass 38/100
Bear 5Y$122.07-25.0%
Base 5Y$227.27-15.1%
Bull 5Y$423.10-3.9%
Return 0/100Downside 8/100Model quality 83/100Data QA 93/100

Ranking barato/determinista: CAGR esperado 5Y + downside bear + calidad del modelo + balance + capital allocation + data gate. No entra en buy-candidate si la data es débil o el CAGR 5Y no compensa.

Quality + valuation scorecard

SA Score

46/100

C

Piotroski

5/9

balance/quality

Valuation

24/100

-25.8% upside

5Y CAGR

-13.5%

0/100

Data QA

32/100

SEC 17%

Latest source: mergedPeriods: 35Warnings: 0merged: 4sec-companyfacts: 6eodhd: 25
Latest financial period is not SEC-backed; check freshness before relying on valuation.
Thesis & Journal · LINLocal privado en este navegador · Linde plc
Plantilla tipo buy-side: tesis, bull/base/bear, catalizadores, riesgos, kill criteria y fecha de revisión. Esto no gasta GPT-5.5; luego lo usamos como contexto del memo.

Sin guardar todavía.

Market Cap

$238.3B

P/E

34.1x

↑

EV/EBITDA

20.3x

↑

ROE

18.0%

↑

Gross Margin

48.8%

↑

Debt/Equity

0.54

↑
52-Week Range$515
$388$526
EV/EBITDA Historical20.3x

TradingView lightweight chart

LIN price, volumen y niveles de valoración

Último $523.57Periodo +2002.2%
Buy zone: $107.36Bear 5Y: $122.07Fair value: $382.50Base 5Y: $227.27Bull 5Y: $423.10

Price & Ratios

Absolute Values (Left Axis)

Ratios / Percentages (Right Axis)

Financial statement dashboard

Crecimiento, márgenes y provenance

1991–2025 · 34 años de histórico normalizado

Revenue CAGR

+8.0%

FCF CAGR

—

FCF margin

15.0%

FCF / Net income

0.74x

Latest source

SEC-backed

Margin decomposition

Último año: revenue $33.99B · net income $6.90B · FCF $5.09B

1991-FY → 2025-FY

Gross margin

48.8%+5.6% pts

Operating margin

26.3%+11.0% pts

Net margin

20.3%+16.0% pts

FCF margin

15.0%+19.0% pts
SEC-backed annual metrics active for 2021, 2020, 2019, 2018, 2017, 2016. Local SEC Companyfacts override Yahoo/FMP for audited annual line items; provider-only fields remain as fallback.
MetricTTM
2025
2024
2023
2022
2021SEC
2020SEC
2019SEC
2018SEC
2017SEC
2016SEC
2015
2014
2013
2012
2011
2010
2009
2008
2007
2006
2005
2004
2003
2002
2001
2000
1999
1998
1997
1996
1995
1994
1993
1992
1991
Income Statement
Revenue$33.99B$33.99B$33.01B$32.85B$33.36B$30.79B$27.24B$28.23B$14.84B$11.36B$10.53B$10.78B$12.27B$11.93B$11.22B$11.25B$10.12B$8.96B$10.80B$9.40B$8.32B$7.66B$6.59B$5.61B$5.13B$5.16B$5.04B$4.64B$4.83B$4.74B$4.45B$3.15B$2.71B$2.44B$2.60B$2.47B
Net Income$6.90B$6.90B$6.57B$6.20B$4.15B$3.83B$2.50B$2.29B$4.38B$1.25B$1.50B$1.55B$1.69B$1.75B$1.69B$1.67B$1.20B$1.25B$1.21B$1.18B$988.0M$726.0M$697.0M$585.0M$409.0M$430.0M$363.0M$431.0M$425.0M$405.0M$282.0M$262.0M$203.0M$118.0M$-60.0M$107.0M
EBITDA$12.69B$12.69B$12.41B$11.84B$9.57B$9.62B$7.95B$7.61B$7.08B$3.63B$3.37B$3.27B$3.71B$3.69B$3.47B$3.45B$3.00B$2.45B$2.73B$2.56B$2.22B$1.96B$1.68B$1.44B$1.41B$1.30B$1.18B$1.20B$1.31B$1.28B$1.13B$812.0M$737.0M$601.0M$685.0M$612.0M
EPS14.6114.6113.6212.598.237.334.714.1913.114.325.215.816.285.935.575.434.744.004.193.622.972.502.101.772.401.511.501.331.311.301.060.230.190.15-0.230.42
Gross Margin48.8%48.8%48.1%46.8%41.7%28.0%26.6%24.5%26.9%33.2%33.7%34.4%33.7%34.1%34.1%33.7%34.0%34.4%32.0%32.7%32.0%30.7%30.8%40.7%42.5%40.7%39.0%41.1%41.9%41.6%42.4%43.5%44.4%43.1%44.3%43.2%
Operating Margin26.3%26.3%26.2%24.4%16.1%16.2%12.2%10.4%35.4%21.5%21.3%22.9%22.1%22.3%21.9%21.9%21.4%21.4%18.9%19.0%17.7%16.6%16.4%16.4%18.0%15.5%14.0%16.3%17.4%17.7%15.8%16.9%17.1%13.9%16.4%15.2%
Net Margin20.3%20.3%19.9%18.9%12.4%12.4%9.2%8.1%29.5%11.0%14.2%14.4%13.8%14.7%15.1%14.9%11.8%14.0%11.2%12.5%11.9%9.5%10.6%10.4%8.0%8.3%7.2%9.3%8.8%8.6%6.3%8.3%7.5%4.8%-2.3%4.3%
Balance Sheet
Debt/Equity0.540.540.400.340.300.260.260.220.241.291.902.101.651.331.211.200.960.951.250.820.700.880.980.911.171.211.321.271.361.501.631.181.512.142.670.87
Current Ratio0.830.830.890.800.790.740.800.851.330.991.161.391.141.091.131.031.131.230.770.911.171.070.931.301.171.070.950.771.081.100.650.900.940.830.570.44
Cash Flow
Free Cash Flow$5.09B$5.09B$4.93B$5.52B$5.69B$6.64B$4.03B$2.51B$1.82B$1.73B$1.31B$1.14B$1.18B$897.0M$572.0M$658.0M$517.0M$816.0M$427.0M$582.0M$652.0M$598.0M$575.0M$154.0M$503.0M$425.0M$195.0M$300.0M$155.0M$-150.0M$-287.0M$11.0M$222.0M$175.0M$3.0M$-99.0M
Returns
ROE18.0%18.0%17.2%15.6%10.4%8.7%5.3%4.7%8.5%20.7%29.9%35.2%30.1%26.6%27.9%30.5%20.6%23.6%30.2%22.9%21.7%18.6%19.3%18.9%17.5%17.4%15.3%18.2%17.7%18.4%14.1%23.4%24.2%18.6%-11.0%16.5%
Valuation
P/E34.1434.1430.3632.5038.42———————————————————————————————
EV/EBITDA20.3320.3316.9117.7717.34———————————————————————————————
P/B6.376.375.235.073.98———————————————————————————————
Growth & Yield
Revenue Growth3.0%3.0%0.5%-1.5%8.3%13.0%-3.5%90.3%30.6%7.8%-2.2%-12.2%2.9%6.2%-0.2%11.2%13.0%-17.0%14.8%13.0%8.7%16.1%17.5%9.5%-0.6%2.3%8.7%-4.0%2.1%6.4%41.4%16.0%11.2%-6.4%5.5%—
EPS Growth7.3%7.3%8.2%53.0%12.3%55.6%12.4%-68.0%203.5%-17.1%-5.5%-7.5%5.9%6.5%2.6%14.6%18.5%-4.5%15.7%21.9%18.8%19.0%18.6%-26.2%58.9%0.7%12.8%1.5%0.8%22.6%360.9%18.4%32.1%164.0%-154.8%—
Dividend Yield1.2%1.2%——————————————————————————————————

Revenue, Net Income & Free Cash Flow ($B)

Margins (%)

Returns (%)

Leverage & Liquidity

Reverse DCF · market-implied EPS growthterminal P/E 15.0x · COE 10.0%

3Y implied EPS CAGR

46.3%

muy exigente

EPS terminal req.

$45.74

Spread vs growth

-39.0%

5Y implied EPS CAGR

30.5%

muy exigente

EPS terminal req.

$55.34

Spread vs growth

-23.3%

10Y implied EPS CAGR

19.8%

exigente

EPS terminal req.

$89.13

Spread vs growth

-12.6%

Qué te dice: cuánto EPS CAGR está descontando el precio si sales al múltiplo terminal indicado. Si el growth observado queda por debajo, el mercado está pidiendo una ejecución muy fina.

Return attribution · 1Y approxreconcilia total +12.5%

Total return

+12.5%

Start / end P/E

34.5x → 35.8x

EPS bridge

13.62 → 14.61

Residual

+0.3%

EPS growth+7.3%
Multiple rerating+3.7%
Dividend+1.2%
Residual / FX / buybacks / cross-term+0.3%

Simple additive decomposition: total return = EPS growth contribution + P/E multiple contribution + dividend contribution + explicit residual. The residual captures cross-terms, buybacks/share-count effects, FX, special dividends, data noise and methodology mismatch so the bridge always reconciles.

16.9x
20.3x
EV/EBITDA vs Sector20.3x
6.3xmed 12.7x30.5x