Linde PLC (Linde) is a UK-based industrial gases and engineering company, according to Reuters. The company serves a wide range of customers in the chemical and energy, food and beverage, electronics, healthcare, manufacturing, metals and mining industries. The company's industrial gases and technologies are used in countless applications, including the production of clean hydrogen and carbon capture systems critical to the energy transition, life-saving medical oxygen and high purity and specialty gases for electronics.
In addition, Linde offers gas treatment solutions to support its customers' expansion, efficiency improvements and emission reductions. The main products of the industrial gases business are atmospheric gases and process gases. In addition, the company develops and builds plants for the production of industrial gases and offers its customers a range of gas production and processing services, e.g. olefin plants, natural gas plants, air separation plants, hydrogen and synthesis gas plants and other types of plants.<\/p>\n
Linde was the most valuable company in the DAX in 2023 before the company emigrated to the UK. As reported by Manager Magazin, Linde was removed from the DAX on January 17, 2023 and delisted from the German stock exchange.<\/p>\n
According to Thomson Reuters, Linde has a market capitalization of USD 216.8 billion as of today, 01.08.2024.<\/p>\n
Before the quarterly figures - How is Linde starting Q2 2024?<\/strong><\/h2>\nLinde publishes its quarterly figures for Q2 2024 on 02.08.2024. Investors are likely to be satisfied with the Group's share price performance. Since the beginning of the year, the share price has risen by 10%. Linde rose from USD 410 to currently USD 455 on 01.08.24 at 16:30. In addition, shareholders have enjoyed a dividend of USD 5.33 per share over the last four quarters.<\/p>\n
However, it is also true that Linde initially rose to USD 475 by mid-March 2024 before the share price fell to USD 420 by the beginning of May. However, the industrial gas manufacturer has since recovered.<\/p>\n
In which direction will the pendulum swing for Linde? According to TOGGLE's AI, a positive share price trend is imminent.<\/p>\n
According to TOGGLE, if the quarterly figures are better than expected, this will lead to a median increase of 2.54% one month after the figures are announced.<\/p>\n
![\"CapTrader](\"https:\/\/www.captrader.com\/wp-content\/uploads\/2024\/08\/ein-bild-das-text-screenshot-software-multimed-2.png\")
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In the negative scenario, Linde underperforms the expected quarterly figures. According to TOGGLE, this scenario leads to a median gain of 1.67% one month after the announcement of the figures.<\/p>\n
![\"CapTrader](\"https:\/\/www.captrader.com\/wp-content\/uploads\/2024\/08\/ein-bild-das-text-screenshot-software-multimed-3.png\")
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Fundamental data analysis - Linde's strengths and weaknesses<\/strong><\/h3>\nAus vergangenen Finanz- und Gesch\u00e4ftsdaten lassen sich in der Fundamentalanalyse R\u00fcckschl\u00fcsse auf die aktuelle Lage eines Unternehmens ziehen. Hierbei sind Faktoren wie Verschuldung, Gewinn und Cashflow von gro\u00dfer Bedeutung. Um diese Kennzahlen angemessen zu interpretieren, ist es entscheidend, sie in Relation zu einem Vergleichsuniversum zu setzen. Auf diese Weise l\u00e4sst sich beurteilen, ob das Unternehmen im Vergleich zu anderen in seiner Branche eine eher starke oder schwache Position einnimmt.<\/p>\n
Is Linde crisis-proof? - A look at the balance sheet<\/h3>\n
Linde's balance sheet has been less negatively impacted by the coronavirus pandemic in recent years than other companies.<\/p>\n
The share of non-current assets in total assets has remained constant at over \u20ac 801 thousand since the 2020 financial year. In Q1 2024, 83.7% was recorded. Linde can therefore utilize a large proportion of the assets used from the substance. The Group utilizes less than 20% of current assets remaining in the company.<\/p>\n
Linde's debt ratio has remained consistently below 50% since 2020. In the 2020 financial year, 43.8% was reported; in Q1 2024, the figure was 49.9%. Especially in the high-interest phase, it is important that companies do not take on too much debt. Linde's current debt ratio is relatively low.<\/p>\n
On the negative side, Linde's equity fell from USD 47.3 billion in the 2020 financial year to USD 38.8 billion in Q1 2024. Equity therefore fell by just under USD 181TP3 thousand.<\/p>\n
In summary, Linde's debt has remained relatively constant since 2020, while the reduction in equity by 18% since the 2020 financial year is a cause for concern. The outflow of equity can be linked to the relocation from Germany to the United Kingdom, among other things. <\/strong>All financial data presented here was calculated on the basis of Yahoo Finance.<\/p>\nHow profitable is Linde?<\/h3>\n
The industrial gas producer's profitability is impressive. At 4.4%, the net return on assets was at the bottom during the coronavirus crisis in 2020. This can also be explained by weaker demand. In the 2023 financial year, 10.3% was reported and in Q1 2024 Linde was at 2.7%.<\/p>\n
Linde's net return on sales amounted to around 14% in 2020. In the 2023 financial year, the previous best value for a financial year of 25.2% was achieved. In Q1 2024, 25.7% was reported.<\/p>\n
With a net return on equity of 8.2%, Linde was not really convincing in 2020. In 2023, this figure was a strong 20.8%. In Q1 2024, a net return on equity of 5.3% was reported.<\/p>\n
It is striking that Linde was able to achieve a four-year high in net profitability in terms of total capital, sales and equity in the 2023 financial year, when it left Germany. True to the motto: out of Germany, into profitability. In addition to energy prices, tax issues also potentially play a role here. <\/strong>The net return on sales in Q1 2024 also raises hopes of a new record.<\/p>\nPopular fundamental data on Linde<\/h3>\n
According to TWS, Linde's price\/earnings ratio (P\/E ratio) is currently 35 and thus at a similar level to its competitor Air Liquide (31.5).<\/p>\n
The price-to-book ratio of 5.6 is higher than Air Liquide's P\/B ratio of 3.9.<\/p>\n
Air Liquide's dividend of 1.9% is also more convincing than Linde's 1.2%. Overall, Linde is therefore valued more expensively than Air Liquide.<\/strong><\/p>\nTechnical analysis - What picture does the Linde chart paint?<\/strong><\/h2>\nFollowing the rapid fall in the share price from USD 475 to USD 420, Linde recovered sustainably. The gap down was closed when the price exceeded the USD 440 mark. The 200-day line, which can be seen as support, is currently also at this level.<\/p>\n
The Ichimoku indicator gives hope for a short-term price increase with exclusively positive signals.<\/p>\n
The relative strength indicator (RSI) indicates whether a share is overbought or oversold. From a level of 70, the share is considered overbought. At a value below 30, the share is considered oversold. According to this chart from Stock3, Linde is rather overvalued at 63 according to the RSI.<\/p>\n
![\"CapTrader](\"https:\/\/www.captrader.com\/wp-content\/uploads\/2024\/08\/ein-bild-das-screenshot-karte-text-enthalt-au.png\")
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Conclusion: The valuation of Linde<\/strong><\/h2>\nLinde's profitability reached a four-year high in the past financial year. The figures from Q1 give rise to hopes of a new record for the net return on sales.<\/p>\n
TOGGLE's AI forecasts a positive share price performance for Linde in the short term, irrespective of positive or negative quarterly figures.<\/p>\n
Looking at the balance sheet, Linde impresses with its strong profitability. The debt ratio is at an acceptable level. The decline in equity by 18% since 2020 is problematic.<\/p>\n
Linde's chart is rather positive. While the Ichimoku indicator points to rising prices in the short term, the 200-day line represents support. Only the RSI is rather overvalued with a value of 63.<\/p>\n
Overall, the positive key figures outweigh the negative ones, which is why Linde has to be rated BUY here.<\/p>","protected":false},"excerpt":{"rendered":"
Linde \u2013 Raus aus Deutschland, rein in die Profitabilit\u00e4t? Linde PLC (Linde) ist laut Reuters ein im Vereinigten K\u00f6nigreich ans\u00e4ssiges Industriegase- und Engineering-Unternehmen. Die Firma beliefert eine Vielzahl von Kunden in den Branchen Chemie und Energie, Lebensmittel und Getr\u00e4nke, Elektronik, Gesundheitswesen, Fertigung, Metall und Bergbau. Die Industriegase und Technologien des Unternehmens werden in zahllosen Anwendungen […]<\/p>\n","protected":false},"author":39,"featured_media":0,"template":"","analysen-kategorie":[876,1239],"class_list":["post-53495","analyse","type-analyse","status-publish","hentry","analysen-kategorie-aktien","analysen-kategorie-linde"],"acf":{"blog_summary":"","blog_faq_schalter":"nein","faq_uberschrift":"","blog_faq_loop":null},"_links":{"self":[{"href":"https:\/\/www.captrader.com\/en\/wp-json\/wp\/v2\/analyse\/53495","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.captrader.com\/en\/wp-json\/wp\/v2\/analyse"}],"about":[{"href":"https:\/\/www.captrader.com\/en\/wp-json\/wp\/v2\/types\/analyse"}],"author":[{"embeddable":true,"href":"https:\/\/www.captrader.com\/en\/wp-json\/wp\/v2\/users\/39"}],"wp:attachment":[{"href":"https:\/\/www.captrader.com\/en\/wp-json\/wp\/v2\/media?parent=53495"}],"wp:term":[{"taxonomy":"analysen-kategorie","embeddable":true,"href":"https:\/\/www.captrader.com\/en\/wp-json\/wp\/v2\/analysen-kategorie?post=53495"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
<\/p>\n<\/p>\nAus vergangenen Finanz- und Gesch\u00e4ftsdaten lassen sich in der Fundamentalanalyse R\u00fcckschl\u00fcsse auf die aktuelle Lage eines Unternehmens ziehen. Hierbei sind Faktoren wie Verschuldung, Gewinn und Cashflow von gro\u00dfer Bedeutung. Um diese Kennzahlen angemessen zu interpretieren, ist es entscheidend, sie in Relation zu einem Vergleichsuniversum zu setzen. Auf diese Weise l\u00e4sst sich beurteilen, ob das Unternehmen im Vergleich zu anderen in seiner Branche eine eher starke oder schwache Position einnimmt.<\/p>\n
Is Linde crisis-proof? - A look at the balance sheet<\/h3>\n
Linde's balance sheet has been less negatively impacted by the coronavirus pandemic in recent years than other companies.<\/p>\n
The share of non-current assets in total assets has remained constant at over \u20ac 801 thousand since the 2020 financial year. In Q1 2024, 83.7% was recorded. Linde can therefore utilize a large proportion of the assets used from the substance. The Group utilizes less than 20% of current assets remaining in the company.<\/p>\n
Linde's debt ratio has remained consistently below 50% since 2020. In the 2020 financial year, 43.8% was reported; in Q1 2024, the figure was 49.9%. Especially in the high-interest phase, it is important that companies do not take on too much debt. Linde's current debt ratio is relatively low.<\/p>\n
On the negative side, Linde's equity fell from USD 47.3 billion in the 2020 financial year to USD 38.8 billion in Q1 2024. Equity therefore fell by just under USD 181TP3 thousand.<\/p>\n
In summary, Linde's debt has remained relatively constant since 2020, while the reduction in equity by 18% since the 2020 financial year is a cause for concern. The outflow of equity can be linked to the relocation from Germany to the United Kingdom, among other things. <\/strong>All financial data presented here was calculated on the basis of Yahoo Finance.<\/p>\n The industrial gas producer's profitability is impressive. At 4.4%, the net return on assets was at the bottom during the coronavirus crisis in 2020. This can also be explained by weaker demand. In the 2023 financial year, 10.3% was reported and in Q1 2024 Linde was at 2.7%.<\/p>\n Linde's net return on sales amounted to around 14% in 2020. In the 2023 financial year, the previous best value for a financial year of 25.2% was achieved. In Q1 2024, 25.7% was reported.<\/p>\n With a net return on equity of 8.2%, Linde was not really convincing in 2020. In 2023, this figure was a strong 20.8%. In Q1 2024, a net return on equity of 5.3% was reported.<\/p>\n It is striking that Linde was able to achieve a four-year high in net profitability in terms of total capital, sales and equity in the 2023 financial year, when it left Germany. True to the motto: out of Germany, into profitability. In addition to energy prices, tax issues also potentially play a role here. <\/strong>The net return on sales in Q1 2024 also raises hopes of a new record.<\/p>\n According to TWS, Linde's price\/earnings ratio (P\/E ratio) is currently 35 and thus at a similar level to its competitor Air Liquide (31.5).<\/p>\n The price-to-book ratio of 5.6 is higher than Air Liquide's P\/B ratio of 3.9.<\/p>\n Air Liquide's dividend of 1.9% is also more convincing than Linde's 1.2%. Overall, Linde is therefore valued more expensively than Air Liquide.<\/strong><\/p>\n Following the rapid fall in the share price from USD 475 to USD 420, Linde recovered sustainably. The gap down was closed when the price exceeded the USD 440 mark. The 200-day line, which can be seen as support, is currently also at this level.<\/p>\n The Ichimoku indicator gives hope for a short-term price increase with exclusively positive signals.<\/p>\n The relative strength indicator (RSI) indicates whether a share is overbought or oversold. From a level of 70, the share is considered overbought. At a value below 30, the share is considered oversold. According to this chart from Stock3, Linde is rather overvalued at 63 according to the RSI.<\/p>\n Linde's profitability reached a four-year high in the past financial year. The figures from Q1 give rise to hopes of a new record for the net return on sales.<\/p>\n TOGGLE's AI forecasts a positive share price performance for Linde in the short term, irrespective of positive or negative quarterly figures.<\/p>\n Looking at the balance sheet, Linde impresses with its strong profitability. The debt ratio is at an acceptable level. The decline in equity by 18% since 2020 is problematic.<\/p>\n Linde's chart is rather positive. While the Ichimoku indicator points to rising prices in the short term, the 200-day line represents support. Only the RSI is rather overvalued with a value of 63.<\/p>\n Overall, the positive key figures outweigh the negative ones, which is why Linde has to be rated BUY here.<\/p>","protected":false},"excerpt":{"rendered":" Linde \u2013 Raus aus Deutschland, rein in die Profitabilit\u00e4t? Linde PLC (Linde) ist laut Reuters ein im Vereinigten K\u00f6nigreich ans\u00e4ssiges Industriegase- und Engineering-Unternehmen. Die Firma beliefert eine Vielzahl von Kunden in den Branchen Chemie und Energie, Lebensmittel und Getr\u00e4nke, Elektronik, Gesundheitswesen, Fertigung, Metall und Bergbau. Die Industriegase und Technologien des Unternehmens werden in zahllosen Anwendungen […]<\/p>\n","protected":false},"author":39,"featured_media":0,"template":"","analysen-kategorie":[876,1239],"class_list":["post-53495","analyse","type-analyse","status-publish","hentry","analysen-kategorie-aktien","analysen-kategorie-linde"],"acf":{"blog_summary":"","blog_faq_schalter":"nein","faq_uberschrift":"","blog_faq_loop":null},"_links":{"self":[{"href":"https:\/\/www.captrader.com\/en\/wp-json\/wp\/v2\/analyse\/53495","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.captrader.com\/en\/wp-json\/wp\/v2\/analyse"}],"about":[{"href":"https:\/\/www.captrader.com\/en\/wp-json\/wp\/v2\/types\/analyse"}],"author":[{"embeddable":true,"href":"https:\/\/www.captrader.com\/en\/wp-json\/wp\/v2\/users\/39"}],"wp:attachment":[{"href":"https:\/\/www.captrader.com\/en\/wp-json\/wp\/v2\/media?parent=53495"}],"wp:term":[{"taxonomy":"analysen-kategorie","embeddable":true,"href":"https:\/\/www.captrader.com\/en\/wp-json\/wp\/v2\/analysen-kategorie?post=53495"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}How profitable is Linde?<\/h3>\n
Popular fundamental data on Linde<\/h3>\n
Technical analysis - What picture does the Linde chart paint?<\/strong><\/h2>\n
<\/p>\nConclusion: The valuation of Linde<\/strong><\/h2>\n