WallStSmart

Linde plc Ordinary Shares (LIN)vsNewMarket Corporation (NEU)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Linde plc Ordinary Shares generates 1147% more annual revenue ($33.99B vs $2.73B). LIN leads profitability with a 20.3% profit margin vs 15.4%. LIN appears more attractively valued with a PEG of 2.29. LIN earns a higher WallStSmart Score of 56/100 (C).

LIN

Buy

56

out of 100

Grade: C

Growth: 6.0Profit: 8.0Value: 7.3Quality: 5.0
Piotroski: 3/9Altman Z: 1.49

NEU

Hold

50

out of 100

Grade: D+

Growth: 2.0Profit: 8.5Value: 4.7Quality: 7.5
Piotroski: 3/9Altman Z: 2.81
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

LINSignificantly Overvalued (-396.3%)

Margin of Safety

-396.3%

Fair Value

$99.21

Current Price

$492.34

$393.13 premium

UndervaluedFair: $99.21Overvalued
NEUSignificantly Overvalued (-130.9%)

Margin of Safety

-130.9%

Fair Value

$302.19

Current Price

$621.46

$319.27 premium

UndervaluedFair: $302.19Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

LIN4 strengths · Avg: 8.8/10
Market CapQuality
$222.36B10/10

Mega-cap, among the largest globally

Profit MarginProfitability
20.3%9/10

Keeps 20 of every $100 in revenue as profit

Operating MarginProfitability
28.2%8/10

Strong operational efficiency at 28.2%

Free Cash FlowQuality
$1.57B8/10

Generating 1.6B in free cash flow

NEU2 strengths · Avg: 8.5/10
Return on EquityProfitability
25.9%9/10

Every $100 of equity generates 26 in profit

P/E RatioValuation
14.0x8/10

Attractively priced relative to earnings

Areas to Watch

LIN4 concerns · Avg: 3.3/10
PEG RatioValuation
2.294/10

Expensive relative to growth rate

P/E RatioValuation
32.9x4/10

Premium valuation, high expectations priced in

Piotroski F-ScoreQuality
3/93/10

Weak financial health signals

EPS GrowthGrowth
-9.4%2/10

Earnings declined 9.4%

NEU4 concerns · Avg: 2.3/10
Piotroski F-ScoreQuality
3/93/10

Weak financial health signals

PEG RatioValuation
5.642/10

Expensive relative to growth rate

Revenue GrowthGrowth
-2.9%2/10

Revenue declined 2.9%

EPS GrowthGrowth
-25.2%2/10

Earnings declined 25.2%

Comparative Analysis Report

WallStSmart Research

Bull Case : LIN

The strongest argument for LIN centers on Market Cap, Profit Margin, Operating Margin. Profitability is solid with margins at 20.3% and operating margin at 28.2%.

Bull Case : NEU

The strongest argument for NEU centers on Return on Equity, P/E Ratio. Profitability is solid with margins at 15.4% and operating margin at 19.5%.

Bear Case : LIN

The primary concerns for LIN are PEG Ratio, P/E Ratio, Piotroski F-Score.

Bear Case : NEU

The primary concerns for NEU are Piotroski F-Score, PEG Ratio, Revenue Growth.

Key Dynamics to Monitor

LIN profiles as a mature stock while NEU is a declining play — different risk/reward profiles.

LIN carries more volatility with a beta of 0.80 — expect wider price swings.

LIN is growing revenue faster at 5.8% — sustainability is the question.

LIN generates stronger free cash flow (1.6B), providing more financial flexibility.

Bottom Line

LIN scores higher overall (56/100 vs 50/100), backed by strong 20.3% margins. Both earn "Buy" and "Hold" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Linde plc Ordinary Shares

BASIC MATERIALS · SPECIALTY CHEMICALS · USA

Linde plc is a multinational chemical company. It is the largest industrial gas company by market share and revenue. It serves customers in the healthcare, petroleum refining, manufacturing, food, beverage carbonation, fiber-optics, steel making, aerospace, chemicals, electronics and water treatment industries. The company's primary business is the manufacturing and distribution of atmospheric gases, including oxygen, nitrogen, argon, rare gases, and process gases, including carbon dioxide, helium, hydrogen, electronic gases, specialty gases, and acetylene.

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NewMarket Corporation

BASIC MATERIALS · SPECIALTY CHEMICALS · USA

NewMarket Corporation participates in the petroleum additives business. The company is headquartered in Richmond, Virginia.

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