Linde plc (LIN)

FairStock Score: 44/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look for a durable business bought at a sensible price. Linde supplies atmospheric and process gases and builds turnkey gas plants, which can create recurring demand, though the supplied FairStock category calls it CYCLICAL — Specialty Chemicals, so I will not mistake stability for immunity to the cycle. The operating record is respectable: in fiscal Q2 2026, the quarter ended 2026-06-30, revenue was $9.3B, net income $1.9B, and diluted EPS $4.15, versus revenue $8.5B, net income $1.8B, and diluted EPS $3.73 in fiscal Q2 2025. For FY2025, revenue was $34.0B, net income $6.9B, and diluted EPS $14.61, up from $33.0B, $6.6B, and $13.62 in FY2024; FY2024 diluted EPS was also up from $12.59 in FY2023. The latest quarter's 20.76% net margin is a genuine strength, and FairStock's Piotroski F-score of 7/9 and Altman Z-score of 3.42 suggest reasonable financial condition. But price matters. At the 2026-10-26 close of $507.56, FairStock shows a P/E of 32.70, P/B of 5.99, PEG of 3.58, EV/EBITDA of 18.90, FCF yield of only 2.1%, and ROE of 18.4% but ROCE of 7.16%. Graham Number is $172.06, implying a -195.73% margin of safety. Growth is steady, not explosive. I would call Linde a high-quality industrial franchise, but the current quote already capitalizes a lot of that quality.

In plain English: Linde makes industrial gases used by factories, healthcare, electronics and other industries, and it also designs gas plants. The business looks strong: in fiscal Q2 2026, the quarter ended 2026-06-30, revenue was $9.3B, net income was $1.9B, and profit margin was about 20.8%, with results higher than the same quarter a year earlier. But at the 2026-10-26 close of $507.56, the shares look expensive against reported earnings, accounting value, and cash flow.

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Data as of 2026-10-26 close · note generated 2026-10-28 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer