What is Linde plc (LIN) DCF Fair Value and Intrinsic Value in 2026?

Linde plc (LIN) intrinsic value is calculated using conservative multi-stage Discounted Cash Flow (DCF) models, 5-year free cash flow trajectories, Graham Numbers, and owner earnings multiples. LocalAlpha tracks real-time margin of safety against live market prices.

What is Linde plc's historical Return on Invested Capital (ROIC) and Moat Rating?

Linde plc operates in the Basic Materials sector (Specialty Chemicals) with an economic moat rating of WIDE. LocalAlpha tracks 5-year audited quarterly ROIC, operating margin stability, and balance sheet solvency ratios.

What is Linde plc's financial health rating and Piotroski F-Score?

Linde plc's balance sheet quality is evaluated using the 9-point Piotroski F-Score, Altman Z-Score solvency model, debt-to-equity ratio, and quick/current liquidity coverage to guard against financial distress.

How does LocalAlpha monitor Linde plc (LIN) for quarterly SEC filing thesis breaks?

LocalAlpha audits Linde plc's 10-K, 10-Q, and 8-K regulatory filings on SEC EDGAR within 15 minutes of release. If reported metrics breach an investor's custom ROIC floor, operating margin boundary, or qualitative risk criteria, an autonomous breach audit is dispatched immediately.

StocksLIN

LIN

Linde plcBasic Materials / Specialty ChemicalsINTACT

Linde plc operates as an industrial gas company worldwide. The company offers atmospheric gases, including oxygen, nitrogen, argon, and rare gases; and process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, electronic gases, specialty gases, and acetylene. It also engages in the design and construction of turnkey process plants for third-party customers, as well as for its gas businesses, including air separation, hydrogen, synthesis, olefin, and natural gas plants. The company serves the healthcare, chemicals and energy, manufacturing, metals and mining, food and beverage, and electronics industries. It operates in the United States, Brazil, Mexico, Canada, Germany, the United Kingdom, Eastern Europe, China, Australia, South Korea, and India. Linde plc was founded in 1879 and is based in Woking, the United Kingdom.

Share Price

$466.52

52W: $387.78 - $548.2

DCF Fair Value

$196.38

-137.6% Premium

Thesis Hub

P/E (TTM)

30.1x

ROIC

21.1%

Operating Margin

28.1%

FCF Yield

1.9%

Debt / Equity

0.69x

Piotroski Score

7/9

Altman Z-Score

3.16

Market Cap

$215.1B

Price vs. Intrinsic Value Corridor

Overvalued vs DCF ($196.38)

Historical market price overlaid against conservative DCF Fair Value & Benjamin Graham Margin of Safety bands.

Period Return (1Y)

—()

Period Range

$— - $—

DCF Fair Value

$196.38

MOS Buy Target (-25%)

$147.29

Valuation Overlays: DCF Fair Value ($196.38) 25% MOS Buy Target ($147.29) Revised Graham ($420.84) Graham Number ($172.00)

2-Stage Discounted Cash Flow (DCF) Workbench

Conservative intrinsic value model based on owner cash generation over a 10-year investment horizon. Opens with LocalAlpha's baseline assumptions (matching the fair value shown above) — adjust any input to stress-test.

Current Market Price

$466.52

DCF Fair Value

$196.73

-137.1% Premium

Starting Free Cash Flow ($M)$4,161M

$100M$4,161M (Reported)$50,000M

Stage 1 Growth (Years 1-5)14.1%

-5%10% (Target)35%

Stage 2 Growth (Years 6-10)4.5%

0%5%20%

Discount Rate (WACC / Hurdle)9.0%

6%9% (Standard)15% (High Risk)

Terminal Perpetual Growth2.5%

1% (GDP Floor)2.5% (Inflation)4.0%

Net Debt ($M)$23,100M

-$100B CashBalance Sheet+$150B Debt

10-Yr PV of Cash Flows

$47.0B

PV of Terminal Value

$66.8B

Implied Enterprise Value

$113.8B

Implied Equity Value

$90.7B

Year	Yr 1	Yr 2	Yr 3	Yr 4	Yr 5	Yr 6	Yr 7	Yr 8	Yr 9	Yr 10
Projected FCF ($M)	$4,748	$5,417	$6,181	$7,052	$8,047	$8,409	$8,787	$9,183	$9,596	$10,028
Present Value (PV)	$4,356	$4,559	$4,773	$4,996	$5,230	$5,014	$4,807	$4,609	$4,418	$4,236

Benjamin Graham & Buffett Value Models

Classical deep value metrics based on asset backing, normalized earnings power, and owner cash yield.

Graham Number-171.2% Premium

$172.01

Calculated as √(22.5 × EPS × BVPS). The maximum theoretical price a defensive investor should pay based purely on asset book value and current earnings.

EPS: $15.51BVPS: $84.78

Revised Graham Formula-10.9% Premium

$420.84

Formula: V = (EPS × (8.5 + 2g) × 4.4) / Y where g is the conservative 7-10 yr growth rate and Y is AAA Bond Yield.

Growth Rate (g%)

Bond Yield (Y%)

Buffett Owner Earnings1.8% Yield

$8.57 / share

True distributable cash flow: Net Income + D&A - Maintenance CapEx. Reflects the cash Buffett would extract without hurting unit volume.

Total: $4.0BYield: 1.8%

Reverse DCF: Market Growth Expectation

HIGH BARRIER

18.2% CAGR (Next 10 Yrs)

At the current price of $466.52, the market is assuming the business will compound Free Cash Flow at 18.2% per year for the next decade with a 9% hurdle rate.

Value Investor Verdict

⚠ High expectations: Leaves minimal margin of safety for operational hiccups.

Autonomous Thesis Underwriting

Surveil LIN with Mathematical Margin of Safety Rules

Set non-negotiable floor rules for Linde plc. If a newly filed quarterly 10-Q breaks your ROIC floor, operating margin boundary, or balance sheet leverage rules, receive an autonomous breach audit within 15 minutes.

Buffett Quality

ROIC > 15% • Margin > 15% • D/E < 0.5x

Margin Floor Guard

Current Margin 28.1% • Floor > 10%

Solvency Guard

Altman-Z > 2.6 • Current Ratio > 1.5x

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Frequently Asked Questions: Linde plc (LIN) Intrinsic Valuation

Audited fundamentals, DCF intrinsic value sensitivity, and thesis break detection parameters for Linde plc.

Based on institutional multi-stage Discounted Cash Flow (DCF) modeling on audited SEC cash flows, Linde plc has an estimated DCF intrinsic fair value of $196.38 per share compared to its current market price of $466.52. This represents an estimated 137.6% premium over fair value. Additionally, its classic Benjamin Graham Number stands at $172.00.