Company Valuation: Linde plc

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 176,328 160,663 199,149 199,353 199,102 238,595 - -
Change - -8.88% 23.95% 0.1% -0.13% 19.84% - -
Enterprise Value (EV) 1 187,712 173,141 213,858 216,126 221,035 261,471 262,260 262,784
Change - -7.76% 23.52% 1.06% 2.27% 18.29% 0.3% 0.2%
P/E 47.3x 39.6x 32.6x 30.7x 29.2x 32.3x 28.7x 25.7x
PBR 4x 4.07x 5.09x 5.3x 5.26x 6.07x 5.82x 5.54x
PEG - 3.2x 0.6x 3.75x 4.02x 3.2x 2.2x 2.2x
Capitalization / Revenue 5.73x 4.82x 6.06x 6.04x 5.86x 6.54x 6.24x 5.91x
EV / Revenue 6.1x 5.19x 6.51x 6.55x 6.5x 7.17x 6.86x 6.51x
EV / EBITDA 18.4x 15.9x 17.6x 16.9x 16.6x 18.4x 17.3x 16.1x
EV / EBIT 26.2x 21.9x 23.6x 22.2x 21.8x 24.1x 22.5x 20.8x
EV / FCF 28.3x 30.4x 38.8x 43.9x 43.4x 47.9x 40.8x 36x
FCF Yield 3.54% 3.29% 2.58% 2.28% 2.3% 2.09% 2.45% 2.77%
Dividend per Share 2 4.24 4.68 5.1 5.56 6 6.427 6.921 7.433
Rate of return 1.22% 1.43% 1.24% 1.33% 1.41% 1.24% 1.33% 1.43%
EPS 2 7.33 8.23 12.59 13.62 14.61 16.07 18.13 20.25
Distribution rate 57.8% 56.9% 40.5% 40.8% 41.1% 40% 38.2% 36.7%
Net sales 1 30,793 33,364 32,854 33,005 33,986 36,474 38,211 40,392
EBITDA 1 10,179 10,873 12,133 12,819 13,351 14,181 15,188 16,304
EBIT 1 7,176 7,900 9,070 9,720 10,137 10,858 11,653 12,659
Net income 1 3,826 4,147 6,199 6,565 6,898 7,466 8,256 9,031
Net Debt 1 11,384 12,478 14,709 16,773 21,933 22,876 23,665 24,189
Reference price 2 346.43 326.18 410.71 418.67 426.39 519.72 519.72 519.72
Nbr of stocks (in thousands) 508,987 492,561 484,890 476,158 466,949 459,084 - -
Announcement Date 2/10/22 2/7/23 2/6/24 2/6/25 2/5/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
32.33x7.17x18.43x1.24% 239B
29.42x4.54x14.66x2.03% 130B
31.75x3.8x19.66x0.91% 84.63B
19.45x6.93x30.79x3.8% 73.28B
93.83x6.86x15.98x2.29% 70.38B
75.53x1.31x9.03x5.89% 37.57B
10.84x1.08x5.85x2.84% 33.1B
16.96x1.94x11.28x2.33% 27.59B
17.45x0.87x6.05x4.08% 24.83B
Average 36.39x 3.83x 14.64x 2.82% 79.97B
Weighted average by Cap. 36.60x 5.24x 17.14x 2.16%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Linde plc

Historical PBR trend

Valuation ratios - PBR - Linde plc

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Linde plc

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Linde plc


Year-on-year evolution of the Yield

Valuation ratios - Yield - Linde plc