LIN

Linde Plc

Energy, Industrial/Transportation


Presented:01/16/2019
Price:$157.26
Cap:$86.66B
Current Price:$480.71
Cap:$229.54B

Presented

Date01/16/2019
Price$157.26
Market Cap$86.66B
Ent Value$55.08B
P/E Ratio31.87x
Book Value$21.65
Div Yield0%
Shares O/S551.06M
Ave Daily Vol3,167,299
Short Int2.48%

Current

Price$480.71
Market Cap$229.54B
Linde Plc engages in the production of industrial gas. The company was founded on April 18, 2017 and is headquartered in Surrey, the United Kingdom.

Publicly traded companies mentioned herein: Air Products & Chemicals Inc (APD), Linde PLC (LIN)

Highlights

The presenter is long shares of Linde PLC (LIN), the product of the merger between industrial gas companies Linde and Praxair. Prior to the merger, Linde operated mostly in Europe and Asia, while Praxair did business mainly in the US. He considers the stock underfollowed and thinks very highly of Praxair CEO Steve Angel and the rest of the management team, which is running LIN. Thus, the Street may not appreciate how much room for improvement there is at Linde (i.e., there’s meaningful upside for operational efficiencies and profitability). Said differently, Angel should be able to take advantage Linde’s relatively larger scale to create synergies. Additionally, the presenter is intrigued by the lack of cyclical risk, as industrial gas businesses benefit from long-term contracts and fixed pricing to customers.

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Idea Discussion

Commentor 1 - 2 weeks ago

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