Linde plc
LIN 6Price and target zones价格与目标区间
What the company does公司做什么
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.
Read the full description查看完整介绍
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.
Company facts公司资料
- Founded成立时间
- 1879
- Employees员工人数
- 64,649
- Industry行业
- Specialty Chemicals
- Country国家
- United Kingdom
Investment thesis投资逻辑 from the watchlist来自关注列表
⚪ ANALYZED 9/10 — WATCH. Industrial-gas oligopoly, cleanest moat of the income-quality names, 34yr Aristocrat — but no price edge (FV $410-480, entry $400-430); leverage 1.35→1.73x on capex+buyback. Trim 28x FY26.
Historical results历史业绩 past fiscal years — these values do not change过去财年——这些数值不会变动
Profit margins利润率 the share of revenue that stays as profit营收中留存为利润的比例
of every $1 of revenue每 $1 营收中的占比
- Return on equity净资产收益率
- 18%
- Revenue growth营收增长
- +9%
- Dividend yield股息率
- 1.36%
Competitive advantages竞争优势 from the thesis and the reports来自投资逻辑和报告
- Industrial-gas oligopoly, cleanest moat of the income-quality names, 34yr Aristocrat — but no price edge (FV $410-480, entry $400-430); leverage 1.35→1.73x on capex+buyback.
- Moat & Competitive Advantage Structure: a three-player global oligopoly.
- On-site plants carry the strongest moat in the portfolio-sleeve candidate set.
- This is closer to a regulated-utility moat than a normal industrial company's.
- The more plants and pipeline the incumbent has in a given geography, the lower its marginal cost to serve the next customer in that geography — a genuine scale/network effect that a new entrant cannot buy its way into without years of uneconomic buildout.