Stock Analysis on Net

Linde plc (NASDAQ:LIN)

$24.99

Price to Earnings (P/E)
since 2005

Microsoft Excel

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Calculation

Linde plc, P/E, long-term trends, calculation

Microsoft Excel

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

1 US$

2 Data adjusted for splits and stock dividends.

3 Closing price as at the filing date of Linde plc Annual Report.


The financial data over the analyzed periods reveals varied trends in share price, earnings per share (EPS), and price-to-earnings (P/E) ratio, illustrating the company's evolving market valuation and profitability metrics.

Share Price
The share price exhibited a general upward trend from 54.85 US$ in early 2006 to 461.55 US$ projected in early 2025. Initial fluctuations were observed, with a dip from 84.23 US$ in 2008 to 59.29 US$ in 2009, likely reflecting broader market or company-specific challenges during that time. Following this, a steady increase ensued, especially pronounced post-2015, where the price rose from approximately 101.89 US$ to 348.37 US$ by early 2023 and further to forecasted 461.55 US$ by early 2025. This suggests growing investor confidence and/or improved financial performance over this period.
Earnings Per Share (EPS)
EPS showed a general upward trajectory from 2.25 US$ in 2006 to a projected 13.88 US$ by 2025, indicating increasing profitability on a per-share basis. There were some volatility and declines noted, such as a drop from 5.97 US$ in 2014 to 4.34 US$ in 2018, and a sharp increase to 8.04 US$ in 2019 followed by variability in the subsequent years. Despite these interim fluctuations, the overall EPS growth reinforces a trend of enhanced earnings capacity.
Price-to-Earnings (P/E) Ratio
The P/E ratio experienced considerable variability, starting from 24.39 in 2006, falling to a low of 15.03 in 2009, and peaking at 52.57 in 2021. This indicates shifts in market valuation relative to earnings. High P/E ratios in recent years, notably from 2017 onwards, suggest investor expectations for future growth or possibly overvaluation relative to current earnings. The decline to about 33.25 in 2025 suggests a moderation or normalization in valuation multiples.

In summary, the company demonstrates strong share price appreciation aligned with rising earnings per share, though with some periods of volatility. The fluctuating P/E ratios highlight changing market perceptions of growth prospects and risk. Overall, the trends point towards improved financial performance and enhanced market valuation over the long term.


Comparison to Competitors


Comparison to Sector (Chemicals)


Comparison to Industry (Materials)