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Linde supplies specialty gases, chemicals and related equipment critical for semiconductor fabrication and advanced packaging in the AI chip supply chain.

Snapshot
Country USA USA
ExchangeNasdaq
AI Layer chips
Category 2.00 Semiconductor Materials, Gases & Chemicals
Sentiment 58.0%
USD Mkt Cap214.92B
USD Revenue35.45B
USD Net Income7.24B
P/E30.12
fwd P/E23.84
PEG1.81
Price 3M-10.7%
Price 6M-5.5%
Price 1Y-2.4%
Price 2Y+1.9%
USD Share Price466.96
Price History
Price & Size
Price 466.22 USD
Market Cap 214.92B USD
Shares Outstanding 460.98M
Shares Float 459.41M
52w Low 387.78 USD
52w High 548.20 USD
Avg Volume 2.18M
Valuation
P/E (trailing) 30.1x
P/E (forward) 23.8x
P/B 5.50x
Enterprise Value 239.58B USD
Book Value / Share 84.78 USD
PEG Ratio 1.81x
P/S 6.06x
EV / Revenue 6.76x
EV / EBITDA 17.33x
Income
Revenue 35.45B USD
Revenue / Share 76.20 USD
EBITDA 13.82B USD
Net Income 7.24B USD
EPS (trailing) 15.48 USD
EPS (forward) 19.56 USD
Margins & Profitability
Gross Margin 48.4%
Operating Margin 28.1%
Profit Margin 20.4%
EBITDA Margin 39.0%
Return on Equity 18.4%
Return on Assets 7.2%
Growth
Revenue Growth 9.3%
Earnings Growth 11.3%
Cash & Debt
Total Cash 4.90B USD
Total Debt 28.01B USD
Free Cash Flow 4.16B USD
Operating Cash Flow 10.49B USD
Debt / Equity 0.69x
Current Ratio 0.88x
Quick Ratio 0.68x
Dividend
Rate 6.40 USD
Yield 1.4%
Payout Ratio 40.0%
Ex-Date 2026-09-03
Risk
Beta 0.73
Analyst Consensus
Target (Mean) 544.40 USD
Target (Median) 550.00 USD
Target (High) 580.00 USD
Target (Low) 400.00 USD
Recommendation buy
# Analysts 25
Identifiers
ISINIE00BZ12WP82
CUSIP532191108
FIGIBBG01FNDGNN8
SEDOLBZ12WP8
Sentiment 58.0%
Positive drivers

Linde reported steady demand growth in its specialty gases segment, supporting semiconductor and electronics manufacturing clients. Expansion into hydrogen infrastructure projects aligned with emerging clean energy tech applications. Cost optimization initiatives helped maintain margins amid fluctuating raw material prices.

Neutral / mixed

Overall industrial production indices remained stable without significant acceleration or contraction during the period. Currency fluctuations had a mixed impact on reported revenues from international operations. No major regulatory changes directly affected Linde's core business lines.

Negative drivers

Broader economic uncertainty in manufacturing sectors led to cautious capital spending by some industrial customers. Rising energy costs pressured operational expenses in key regions. Competition from regional gas suppliers intensified in emerging markets.

Bottom line

Sentiment for Linde remains mildly positive, driven by niche tech-adjacent growth areas offsetting general industrial softness. The stock is viewed as a defensive holding with limited upside catalysts in the near term.