Company Valuation: Linde plc

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 176,328 160,663 199,149 199,353 199,102 234,844 - -
Change - -8.88% 23.95% 0.1% -0.13% 17.95% - -
Enterprise Value (EV) 1 187,712 173,141 213,858 216,126 221,035 257,659 258,459 258,992
Change - -7.76% 23.52% 1.06% 2.27% 16.57% 0.31% 0.21%
P/E 47.3x 39.6x 32.6x 30.7x 29.2x 31.9x 28.3x 25.4x
PBR 4x 4.07x 5.09x 5.3x 5.26x 5.97x 5.73x 5.46x
PEG - 3.2x 0.6x 3.75x 4.02x 3.27x 2.2x 2.2x
Capitalization / Revenue 5.73x 4.82x 6.06x 6.04x 5.86x 6.44x 6.15x 5.81x
EV / Revenue 6.1x 5.19x 6.51x 6.55x 6.5x 7.06x 6.76x 6.41x
EV / EBITDA 18.4x 15.9x 17.6x 16.9x 16.6x 18.2x 17x 15.9x
EV / EBIT 26.2x 21.9x 23.6x 22.2x 21.8x 23.7x 22.2x 20.5x
EV / FCF 28.3x 30.4x 38.8x 43.9x 43.4x 47.2x 40.2x 35.5x
FCF Yield 3.54% 3.29% 2.58% 2.28% 2.3% 2.12% 2.49% 2.82%
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% 1.26% 1.35% 1.45%
EPS 2 7.33 8.23 12.59 13.62 14.61 16.04 18.1 20.14
Distribution rate 57.8% 56.9% 40.5% 40.8% 41.1% 40.1% 38.2% 36.9%
Net sales 1 30,793 33,364 32,854 33,005 33,986 36,474 38,211 40,394
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 12,648
Net income 1 3,826 4,147 6,199 6,565 6,898 7,441 8,248 9,015
Net Debt 1 11,384 12,478 14,709 16,773 21,933 22,815 23,614 24,148
Reference price 2 346.43 326.18 410.71 418.67 426.39 511.55 511.55 511.55
Nbr of stocks (in thousands) 508,987 492,561 484,890 476,158 466,949 459,084 - -
Announcement Date 10/2/22 7/2/23 6/2/24 6/2/25 5/2/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
31.9x7.06x18.17x1.26% 235B
29.41x4.54x14.69x2.02% 130B
30.74x3.69x19.09x0.94% 81.86B
17.51x6.52x27.83x4.22% 65.5B
92.92x6.81x15.86x2.31% 69.69B
76.24x1.32x9.11x5.83% 37.92B
11.06x1.1x5.94x2.79% 33.66B
16.46x1.89x11.01x2.4% 26.78B
17.25x0.86x6x4.13% 24.55B
Average 35.94x 3.76x 14.19x 2.88% 78.32B
Weighted average by Cap. 36.29x 5.12x 16.54x 2.2%

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