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37Hello everyone
I'm also making my first post 😄.
I hope you are all doing well.
My current buy candidates are:
$SSUN Samsung stock I never find 😅
I still follow some of them:
$OR (-2,66 %) under 305€
$LIN (-0,49 %) under 385€
$MCD (+2,19 %) under 355$
$CVX (+0,94 %) under 135$
$BAS (-5,27 %) under 42.50€
What do you think?
What are your buy candidates?
Greetings from Switzerland.
Linde Q3 2024 $LIN (-0,49 %)
Financial performance
Balance sheet summary
Details of the income statement
Cash flow overview
Key figures and profitability ratios
Segment information
Competitive position
Linde continues to focus on optimizing its base operations, taking advantage of the economic recovery and seizing growth opportunities in areas such as electronics, healthcare and renewable energy.
Forecasts and management commentary
Risks and opportunities
Summary of results
Linde's financial performance in Q3 2024 shows steady growth in sales and operating profit, with a strong focus on optimizing operations and investing in growth sectors. The balance sheet remains robust, supporting continued investment and shareholder returns. The company is well positioned to capitalize on opportunities in clean energy and other growth segments, but also faces challenges such as rising interest expenses and capital expenditures. Overall, Linde's strategic initiatives and financial health point to a positive outlook for the remainder of 2024.
Positive Aspects
Negative aspects
$LIN (-0,49 %) | Linde Q3 Earnings Highlights:
🔹 Adjusted EPS: $3.94 (Est. $3.89) 🟢; UP +9% YoY
🔹 Revenue: $8.36B (Est. $8.38B) 🟡; UP +2% YoY
Guidance:
🔹 Q4 Adj EPS: $3.86-$3.96 (Est. $4.03) 🔴
🔹 FY24 Adjusted EPS: $15.40-$15.50 (Prev. $15.40-$15.60); UP +9-10% YoY
Segment Sales:
🔹 Americas: $3.62B, flat YoY
🔹 APAC: $1.72B, UP +5% YoY
🔹 EMEA: $2.11B, flat YoY;
🔹 Linde Engineering: $611M, UP +31% YoY;
Financial Metrics:
🔹 Adjusted Operating Profit of $2.5B; UP +7% YoY
🔹 Adjusted Operating Margin: 29.6%; UP +130 bps YoY
🔹 Free Cash Flow: $1.67B; Cash returned to shareholders: $1.32B
Strategic Highlights:
🔸 Project Backlog: Expanded to $10B, including the largest-ever sale-of-gas project.
🔸 Capital Expenditure: Projected at $4.0B-$4.5B for growth and maintenance, supporting the $7B sale-of-gas project backlog.
Does anyone know why, when the earning call isn't until 2 p.m., it's already $LIN (-0,49 %) is already rattling so much?
Which shares would you currently take profits on?
I am currently $MSFT (+0,15 %)
$GOOGL (-0,6 %)
$BLK (+1,41 %)
$LIN (-0,49 %)
$V (+1,22 %) very well up at the moment (40-50%). Would you let the shares or profits continue to run or realize profits? I am unfortunately undecided
Good morning,
I haven't had any individual stocks in the last 10 years, but have now decided to invest in 10 stocks again. I have already chosen 9 of them, one is still missing. Perhaps someone can give me a tip.
I have the following criteria:
-No tech, I have enough of that already
-If possible, no USA. But this is not an exclusion
-Dividend doesn't matter
-Investment horizon > 10 years
Here are the 9:
If there are any concerns about the nine, I will gladly take some out again
Update: @RealMichaelScott Someone has asked in the comments for the reasoning behind my selection so far. I'd like to answer that here:
There are a few more smart criteria that fit my preferences and gut feeling. These would be:
I like stocks with long-phase linear growth, see $CTAS (+3,42 %) in the last 12 months and $8001 (+0,85 %) . $LOTB (+1,4 %) is one of the best stocks in the world in my opinion. Exponential growth will certainly turn around at some point, but I don't like cyclicals. I also value positive free cash flow. I am not interested in P/E ratios (for whatever reason). Another reason is diversity with the 10 stocks, I'm not sure yet. $LIN (-0,49 %) was and would still be the only DAX stock that makes it to me. I would have gladly done without Armor, but unfortunately it will be part of the next 10 years, so $LMT (+3,53 %) . I'm also looking for stocks that closed 2020 and 2022 on a positive note.
$BRK.B (+1,54 %) is somehow part of such a portfolio:-), I'm not sure about $V (+1,22 %) I'm not sure about. Thanks for the suggestions on medical+health, that's definitely still missing. I still have doubts about energy. Due to the climate problem, I don't know where the journey will take us.
Update 2: Thanks for all the good suggestions. I took advantage of the bad weather and the window day today and have now made my decision:
$BLK (+1,41 %) flies out again, $V (+1,22 %) stays
Instead there are 2 new ones from your suggestions:
$CAT (-2,91 %) and $NOVO B (+0,73 %)
So it looks like this:
I did a backtest from 1.1.2020, all equally weighted
Average annual return: 24.32%
Total return approx. twice as high as the S&P ETF $CSPX (+1,03 %)
In the difficult years 2020 and 2022 each over 13% plus
10k became 28.5k with dividends in the 4.5 years
Nice linear progression over the entire term:
But unfortunately: forecasts are difficult, especially when they concern the future!
⚡ Gas giants of the future: who will lead the energy race? 🏁
For the development (company figures), a better view and more, check out the free blog: https://topicswithhead.beehiiv.com/p/gasriesen-der-zukunft-wer-wird-das-energie-rennen-anf-hren
Company presentation
The four leading players in the global industrial gases market are Linde, Air Liquide, Air Products and Chemicals and Nippon Sanso Holding. Each of these companies has a long history and has developed into a major player over time:
- Linde was founded in Germany in 1879 and is today an undisputed market leader.
- Air Liquide was founded in France in 1902 and ranks second on the world market.
- Air Products and Chemicals was founded in the USA in 1940 and is number three in the market.
- Nippon Sanso Holding has its origins in a company founded in Japan in 1910 and is currently number four in the industry.
Historical development
The industrial gases sector is characterized by remarkable stability. The same companies have dominated the market for over a century, indicating high barriers to market entry and a particularly robust business model. In recent decades, there has been increasing consolidation:
- 2018 saw the merger of $LIN (-0,49 %) and Praxair, creating the new industry leader.
- 2016 $AI (-0,98 %) Liquide acquired its US competitor Airgas to strengthen its market position
$4091 (-0,81 %) Sanso benefited from the mergers of its competitors and was able to expand through strategic acquisitions in Europe and the US.
Business model
The four companies produce and distribute industrial gases such as oxygen, nitrogen and hydrogen, which are indispensable in numerous sectors, from the steel industry to medical technology. The business model is based on long-term customer relationships, technological expertise and highly efficient logistics that enable the gases to be transported and delivered safely and economically.
Core competencies and future prospects
The companies' core competencies lie in the efficient production and distribution of industrial gases and in their in-depth technical expertise. All four companies are increasingly focusing on growth markets such as hydrogen technology and electronic gases, which are seen as key areas for the future. In particular, the growing demand for clean energy sources and the development of new technologies create potential for further growth.
Market position and competition
The global market for industrial gases is dominated by these four companies:
- Linde is the clear market leader.
- Air Liquide follows in second place.
-$APD (+2,16 %) ranks third.
- Nippon Sanso is number four on the market.
Together, Linde and Air Liquide control around 63% of the global market share, underlining their supremacy in the industry.
Total Addressable Market (TAM)
The global market for industrial gases is growing continuously and is expected to continue to expand in the coming years. Although exact figures on the "Total Addressable Market" (TAM) are not publicly available, it is estimated that the global market for industrial gases will reach a value of USD 173.43 billion by 2030.
Share performance
The valuation and performance of the shares of these companies show considerable differences:
With a market capitalization of $221.43B, Linde is currently the most valuable of the 4 companies. Since the IPO on June 17, 1992, Linde has returned 10,041% and on a 3-year basis is at 55.72%. Air Liquide is at 44.28% on a three-year basis and at 3,248.2% since the IPO on January 2, 1992, clearly behind Linde. APC is at 5,183.8% since the IPO on January 2, 1990, ahead of Air Liquide but behind Linde. On a 3-year basis it is at 11.07%. Nippon Sanso is at 71% and has only reached 1,311.56% since the IPO on January 6, 1992, making it the worst of the four stocks.
For the development (company figures), a better view and more, check out the free blog:https://topicswithhead.beehiiv.com/p/gasriesen-der-zukunft-wer-wird-das-energie-rennen-anf-hren
Conclusion
If I were to focus on just one company, it would be a difficult decision. Therefore, I look at two stocks, but still go through the decision process thoroughly. When I bring together all the relevant information about the industry and my personal priorities, I tend to see Linde as the preferred choice. The industry requires capital and Linde is the best positioned in this respect. In addition, the larger companies clearly benefit from being able to leverage their size effectively with banks and customers. Linde is well positioned in both Europe and America, and recent developments in the US have increased its focus on shareholder return. As an established brand, Linde also offers excellent diversification.
Air Products and Chemicals is also interesting, but has weaknesses compared to Linde in its ties to "heavy industry". Although this can have advantages, it has also brought disadvantages in recent years. I therefore initially considered Air Liquide as a possible favorite. They are strongly positioned in many business areas and have a well-known brand, even if they have a "somewhat" weaker presence in the USA. However, their culture and domicile in Europe is super pronounced, which affects shareholder value a little.
If you want better diversification, which is the case with APC and Air Liquide as they cover different strengths, you should take the two, because you have to remember that Linde shares have only really gained in value in the last four years. Even though I personally would prefer Linde and Air Liquide, I actually think Air Liquide and APC are a better rational choice due to their diversified positioning and stable market position in the areas in which they operate.
And you buy shares for the future development and not the past.
Shares like $NVDA (-0,03 %)
$GOOGL (-0,6 %) that do not pay dividends, does it make sense to save for them monthly or to buy them once a month or does it make more sense to save for dividends only? Such as $MSFT (+0,15 %)
$LIN (-0,49 %)
$JNJ (+0,03 %)
$LLY (+5,07 %)
$TSM (+0,91 %)
#etfs
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Recoated
With a heavy heart I have today sold 200 shares of the $UKW (-0,31 %) parted
And
And
1x my $LIN (-0,49 %) shares to an even position.
Because I'm a damn monk and shares with decimal places drive me crazy 🤣
After I was finally able to get rid of my Paypal shares with some profit on Tuesday, I took advantage of Linde's setback today. (1 share was bought later)
Can now sleep much more relaxed 😮💨🥴
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