LINDE PLC |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 429.9 USD | -1.30% |
|
-0.62% | +4.68% |
| May. 27 | LINDE PLC : Bernstein reiterates its Buy rating | ZD |
| May. 20 | Deutsche Bank to Assess Impact of Gazprom Claim on Russian Operations | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 113,883 | 137,919 | 176,328 | 160,663 | 199,149 | 209,386 | - | - |
| Enterprise Value (EV) 1 | 125,139 | 150,319 | 187,712 | 173,141 | 213,858 | 225,058 | 225,737 | 225,897 |
| P/E ratio | 50.8 x | 55.9 x | 47.3 x | 39.6 x | 32.6 x | 30.5 x | 27.3 x | 24.2 x |
| Yield | 1.64% | 1.46% | 1.22% | 1.43% | 1.24% | 1.28% | 1.39% | 1.5% |
| Capitalization / Revenue | 4.03 x | 5.06 x | 5.73 x | 4.82 x | 6.06 x | 6.2 x | 5.83 x | 5.51 x |
| EV / Revenue | 4.43 x | 5.52 x | 6.1 x | 5.19 x | 6.51 x | 6.67 x | 6.28 x | 5.95 x |
| EV / EBITDA | 15.3 x | 17.4 x | 18.4 x | 15.9 x | 17.6 x | 17.5 x | 16.5 x | 15.4 x |
| EV / FCF | 51.3 x | 37.3 x | 28.3 x | 30.4 x | 38.8 x | 39 x | 35 x | 32.7 x |
| FCF Yield | 1.95% | 2.68% | 3.54% | 3.29% | 2.58% | 2.56% | 2.85% | 3.06% |
| Price to Book | 2.32 x | 2.91 x | 4 x | 4.07 x | 5.09 x | 5.17 x | 5.07 x | 4.92 x |
| Nbr of stocks (in thousands) | 534,914 | 523,393 | 508,987 | 492,561 | 484,890 | 480,716 | - | - |
| Reference price 2 | 212.9 | 263.5 | 346.4 | 326.2 | 410.7 | 429.9 | 429.9 | 429.9 |
| Announcement Date | 2/13/20 | 2/5/21 | 2/10/22 | 2/7/23 | 2/6/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 28,228 | 27,243 | 30,793 | 33,364 | 32,854 | 33,756 | 35,921 | 37,987 |
| EBITDA 1 | 8,178 | 8,645 | 10,179 | 10,873 | 12,133 | 12,850 | 13,706 | 14,640 |
| EBIT 1 | 5,272 | 5,797 | 7,176 | 7,900 | 9,070 | 9,635 | 10,363 | 11,222 |
| Operating Margin | 18.68% | 21.28% | 23.3% | 23.68% | 27.61% | 28.54% | 28.85% | 29.54% |
| Earnings before Tax (EBT) 1 | 2,927 | 3,384 | 5,099 | 5,543 | 7,988 | 8,378 | 9,073 | 10,212 |
| Net income 1 | 2,285 | 2,501 | 3,826 | 4,147 | 6,199 | 6,774 | 7,378 | 8,127 |
| Net margin | 8.09% | 9.18% | 12.42% | 12.43% | 18.87% | 20.07% | 20.54% | 21.4% |
| EPS 2 | 4.190 | 4.710 | 7.330 | 8.230 | 12.59 | 14.11 | 15.75 | 17.75 |
| Free Cash Flow 1 | 2,437 | 4,029 | 6,639 | 5,691 | 5,518 | 5,768 | 6,442 | 6,911 |
| FCF margin | 8.63% | 14.79% | 21.56% | 17.06% | 16.8% | 17.09% | 17.93% | 18.19% |
| FCF Conversion (EBITDA) | 29.8% | 46.6% | 65.22% | 52.34% | 45.48% | 44.88% | 47% | 47.21% |
| FCF Conversion (Net income) | 106.65% | 161.1% | 173.52% | 137.23% | 89.01% | 85.15% | 87.31% | 85.03% |
| Dividend per Share 2 | 3.500 | 3.850 | 4.240 | 4.680 | 5.100 | 5.515 | 5.980 | 6.438 |
| Announcement Date | 2/13/20 | 2/5/21 | 2/10/22 | 2/7/23 | 2/6/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 8,298 | 8,211 | 8,457 | 8,797 | 7,899 | 8,193 | 8,204 | 8,155 | 8,302 | 8,100 | 8,326 | 8,518 | 8,666 | 8,664 | 8,936 |
| EBITDA 1 | 2,597 | 2,663 | 2,746 | 2,739 | 2,725 | 2,963 | 3,059 | 3,074 | 3,037 | 3,116 | 3,179 | 3,270 | 3,294 | 3,323 | 3,425 |
| EBIT 1 | 1,841 | 1,905 | 2,000 | 2,010 | 2,000 | 2,206 | 2,286 | 2,306 | 2,272 | 2,341 | 2,390 | 2,479 | 2,485 | 2,517 | 2,609 |
| Operating Margin | 22.19% | 23.2% | 23.65% | 22.85% | 25.32% | 26.93% | 27.86% | 28.28% | 27.37% | 28.9% | 28.71% | 29.1% | 28.67% | 29.05% | 29.2% |
| Earnings before Tax (EBT) | 1,355 | 1,535 | 646 | 1,648 | 1,714 | 1,941 | 2,004 | 2,047 | 1,996 | 2,080 | - | - | - | - | - |
| Net income 1 | 1,026 | 1,174 | 372 | 1,273 | 1,328 | 1,516 | 1,575 | 1,565 | 1,543 | 1,627 | 1,713 | 1,741 | 1,758 | 1,704 | 1,798 |
| Net margin | 12.36% | 14.3% | 4.4% | 14.47% | 16.81% | 18.5% | 19.2% | 19.19% | 18.59% | 20.09% | 20.58% | 20.44% | 20.29% | 19.67% | 20.12% |
| EPS 2 | 1.980 | 2.300 | 0.7400 | 2.540 | 2.670 | 3.060 | 3.190 | 3.190 | 3.160 | 3.350 | 3.511 | 3.536 | 3.621 | 3.576 | 3.789 |
| Dividend per Share 2 | 1.060 | 1.170 | 1.170 | 1.170 | 1.170 | - | - | 1.275 | 1.275 | 1.390 | 1.394 | 1.394 | 1.394 | 1.515 | 1.515 |
| Announcement Date | 2/10/22 | 4/28/22 | 7/28/22 | 10/27/22 | 2/7/23 | 4/27/23 | 7/27/23 | 10/26/23 | 2/6/24 | 5/2/24 | - | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 11,256 | 12,400 | 11,384 | 12,478 | 14,709 | 15,672 | 16,351 | 16,511 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 1.376 x | 1.434 x | 1.118 x | 1.148 x | 1.212 x | 1.22 x | 1.193 x | 1.128 x |
| Free Cash Flow 1 | 2,437 | 4,029 | 6,639 | 5,691 | 5,518 | 5,768 | 6,442 | 6,911 |
| ROE (net income / shareholders' equity) | 7.95% | 9.07% | 12.2% | 14.7% | 15.5% | 18.6% | 20% | 23% |
| ROA (Net income/ Total Assets) | 4.45% | 5% | 6.57% | 7.68% | 7.73% | 9.11% | 9.74% | 13.7% |
| Assets 1 | 51,373 | 50,020 | 58,235 | 53,976 | 80,235 | 74,328 | 75,765 | 59,415 |
| Book Value Per Share 2 | 91.80 | 90.40 | 86.60 | 80.10 | 80.70 | 83.20 | 84.70 | 87.40 |
| Cash Flow per Share 2 | 11.20 | 14.00 | 18.60 | 17.60 | 18.90 | 21.70 | 23.30 | 25.50 |
| Capex 1 | 3,682 | 3,400 | 3,086 | 3,173 | 3,787 | 4,355 | 4,522 | 4,760 |
| Capex / Sales | 13.04% | 12.48% | 10.02% | 9.51% | 11.53% | 12.9% | 12.59% | 12.53% |
| Announcement Date | 2/13/20 | 2/5/21 | 2/10/22 | 2/7/23 | 2/6/24 | - | - | - |
1USD in Million2USD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
A-
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
28
Last Close Price
435.6
USD
Average target price
470.3
USD
Spread / Average Target
+7.98%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +4.68% | 209B | |
| -3.35% | 58.82B | |
| +19.99% | 12.41B | |
| +48.42% | 8.94B | |
| -10.37% | 3.62B | |
| +17.44% | 3.28B | |
| -15.70% | 2.1B | |
| -3.80% | 1.99B | |
| +5.92% | 1.71B | |
| -25.70% | 1.2B |
- Stock Market
- Equities
- LIN Stock
- Financials Linde plc
