The company's fundamentals are relatively very healthy. Its valuation is considered fairly valued,and institutional recognition is very high. Over the past 30 days, multiple analysts have rated the company as a Buy. Despite a weak stock market performance, the company shows strong fundamentals and technicals. The stock price is trading sideways between the support and resistance levels, making it suitable for range-bound swing trading.
Linde is a leading global multinational chemical company and the largest industrial gas supplier worldwide by market share and revenue. Established by German scientist and engineer Carl von Linde in 1879 in Wiesbaden, Germany, the company is currently headquartered in Woking, United Kingdom, and is registered in Ireland as Linde plc. Linde plc was created in 2018 through the merger of Linde AG and Praxair, which was founded in 1907 in the United States as Linde Air Products Company.
Linde's core business involves the manufacturing and distribution of atmospheric gases, such as oxygen, nitrogen, argon, rare gases, alongside process gases that include carbon dioxide, helium, hydrogen, ammonia, electronic gases, specialty gases, and acetylene. The company’s products are utilized across various sectors, including healthcare, petroleum refining, manufacturing, food and beverage carbonation, fiber optics, steel production, aerospace, material handling equipment, chemicals, electronics, and water treatment industries.
The company's current financial score is 7.38, which is higher than the Chemicals industry's average of 7.35. Its financial status is robust, and its operating efficiency is average. Its latest quarterly revenue reached 8.49B, representing a year-over-year increase of 2.76%, while its net profit experienced a year-over-year increase of 6.19%.
Key Metrics
The company’s current valuation score is 7.31, which is lower than the Chemicals industry's average of 7.47. Its current P/E ratio is 30.36, which is 43.83% below the recent high of 43.67 and 1.86% above the recent low of 29.80.
The company’s current earnings forecast score is 7.85, which is higher than the Chemicals industry's average of 7.26. The average price target for Linde PLC is 519.00, with a high of 576.00 and a low of 381.00.
Data disclaimer: Analyst ratings and target prices are provided by LSEG for informational purposes only and do not constitute investment advice.
The company’s current price momentum score is 6.47, which is lower than the Chemicals industry's average of 6.54. Sideways: Currently, the stock price is trading between the resistance level at 458.20 and the support level at 415.12, making it suitable for range-bound swing trading.
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The company’s current institutional recognition score is 7.00, which is higher than the Chemicals industry's average of 6.91. The latest institutional shareholding proportion is 87.54%, representing a quarter-over-quarter decrease of 0.57%. The largest institutional shareholder is The Vanguard, holding a total of 44.43M shares, representing 9.47% of shares outstanding, with 2.10% increase in holdings.
The company’s current risk assessment score is 9.90, which is higher than the Chemicals industry's average of 5.83. The company's beta value is 0.91. This indicates that the stock tends to underperform the index during upward trending markets but experiences smaller declines during downward trending markets.
