WallStSmart

Linde plc Ordinary Shares (LIN)vsRoyal Gold Inc (RGLD)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Linde plc Ordinary Shares generates 3226% more annual revenue ($33.99B vs $1.02B). RGLD leads profitability with a 45.6% profit margin vs 20.3%. RGLD appears more attractively valued with a PEG of 1.06. RGLD earns a higher WallStSmart Score of 65/100 (B-).

LIN

Buy

56

out of 100

Grade: C

Growth: 4.0Profit: 8.0Value: 3.3Quality: 4.0
Piotroski: 3/9Altman Z: 1.49

RGLD

Strong Buy

65

out of 100

Grade: B-

Growth: 7.3Profit: 8.0Value: 6.0Quality: 7.3
Piotroski: 4/9Altman Z: 8.52
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

LINSignificantly Overvalued (-44.6%)

Margin of Safety

-44.6%

Fair Value

$346.56

Current Price

$504.71

$158.15 premium

UndervaluedFair: $346.56Overvalued
RGLDUndervalued (+27.0%)

Margin of Safety

+27.0%

Fair Value

$390.60

Current Price

$231.02

$159.58 discount

UndervaluedFair: $390.60Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

LIN4 strengths · Avg: 8.8/10
Market CapQuality
$232.23B10/10

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

RGLD5 strengths · Avg: 9.6/10
Profit MarginProfitability
45.6%10/10

Keeps 46 of every $100 in revenue as profit

Operating MarginProfitability
60.2%10/10

Strong operational efficiency at 60.2%

Revenue GrowthGrowth
86.1%10/10

Revenue surging 86.1% year-over-year

Altman Z-ScoreHealth
8.5210/10

Safe zone — low bankruptcy risk

Price/BookValuation
2.7x8/10

Reasonable price relative to book value

Areas to Watch

LIN4 concerns · Avg: 3.3/10
PEG RatioValuation
2.374/10

Expensive relative to growth rate

P/E RatioValuation
34.3x4/10

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%

RGLD2 concerns · Avg: 3.0/10
P/E RatioValuation
34.6x4/10

Premium valuation, high expectations priced in

EPS GrowthGrowth
-28.9%2/10

Earnings declined 28.9%

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 : RGLD

The strongest argument for RGLD centers on Profit Margin, Operating Margin, Revenue Growth. Profitability is solid with margins at 45.6% and operating margin at 60.2%. Revenue growth of 86.1% demonstrates continued momentum.

Bear Case : LIN

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

Bear Case : RGLD

The primary concerns for RGLD are P/E Ratio, EPS Growth.

Key Dynamics to Monitor

LIN profiles as a mature stock while RGLD is a growth play — different risk/reward profiles.

LIN carries more volatility with a beta of 0.79 — expect wider price swings.

RGLD is growing revenue faster at 86.1% — sustainability is the question.

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

Bottom Line

RGLD scores higher overall (65/100 vs 56/100), backed by strong 45.6% margins and 86.1% revenue growth. Both earn "Strong Buy" and "Buy" 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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Royal Gold Inc

BASIC MATERIALS · GOLD · USA

Royal Gold, Inc., acquires and manages precious metal flows, royalties and related interests. The company is headquartered in Denver, Colorado.

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