Projected Income Statement: Linde plc

Forecast Balance Sheet: Linde plc

Forecast Balance Sheet - Linde plc
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Net Debt 1 11,384 12,478 14,709 16,773 21,933 22,815 23,614 24,148
Change - 9.61% 17.88% 14.03% 30.76% 4.02% 3.5% 2.26%
Announcement Date 10/02/22 07/02/23 06/02/24 06/02/25 05/02/26 - - -
1USD in Million
Estimates

Cash Flow Forecast: Linde plc

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
CAPEX 1 3,086 3,173 3,787 4,497 5,261 5,250 5,350 5,450
Change - 2.82% 19.35% 18.75% 16.99% -0.21% 1.9% 1.87%
Free Cash Flow (FCF) 1 6,639 5,691 5,518 4,926 5,089 5,481 6,417 7,291
Change - -14.28% -3.04% -10.73% 3.31% 7.69% 17.09% 13.62%
Announcement Date 10/02/22 07/02/23 06/02/24 06/02/25 05/02/26 - - -
1USD in Million
Estimates

Forecast Financial Ratios: Linde plc

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028

Profitability

        
EBITDA Margin (%) 33.06% 32.59% 36.93% 38.84% 39.28% 38.87% 39.73% 40.35%
EBIT Margin (%) 23.3% 23.68% 27.61% 29.45% 29.83% 29.76% 30.48% 31.29%
EBT Margin (%) 16.56% 16.61% 24.31% 25.96% 26.18% 27.07% 28.44% 29.45%
Net margin (%) 12.42% 12.43% 18.87% 19.89% 20.3% 20.4% 21.58% 22.31%
FCF margin (%) 21.56% 17.06% 16.8% 14.93% 14.97% 15.02% 16.79% 18.05%
FCF / Net Income (%) 173.52% 137.23% 89.01% 75.03% 73.78% 73.65% 77.81% 80.88%

Profitability

        
ROA 6.57% 7.68% 7.73% 9.29% 9.7% 9.45% 10% 10.53%
ROE 12.21% 14.74% 15.55% 19.21% 20.32% 20.39% 21.05% 21.6%

Financial Health

        
Leverage (Debt/EBITDA) 1.12x 1.15x 1.21x 1.31x 1.64x 1.61x 1.55x 1.54x
Debt / Free cash flow 1.71x 2.19x 2.67x 3.4x 4.31x 4.16x 3.68x 3.4x

Capital Intensity

        
CAPEX / Current Assets (%) 10.02% 9.51% 11.53% 13.63% 15.48% 15.2% 14.1% 13.51%
CAPEX / EBITDA (%) 30.32% 29.18% 31.21% 35.08% 39.41% 39.1% 35.48% 33.49%
CAPEX / FCF (%) 46.48% 55.75% 68.63% 91.29% 103.38% 101.18% 83.97% 74.89%

Items per share

        
Cash flow per share 1 18.63 17.59 18.9 19.55 21.92 23.72 26.3 27.31
Change - -5.63% 7.48% 3.41% 12.14% 8.23% 10.88% 3.82%
Dividend per Share 1 4.24 4.68 5.1 5.56 6 6.427 6.921 7.222
Change - 10.38% 8.97% 9.02% 7.91% 7.11% 7.69% 4.36%
Book Value Per Share 1 86.57 80.1 80.68 79.01 80.99 85.67 89.3 93.72
Change - -7.47% 0.73% -2.07% 2.51% 5.77% 4.24% 4.95%
EPS 1 7.33 8.23 12.59 13.62 14.61 16.04 18.1 20.14
Change - 12.28% 52.98% 8.18% 7.27% 9.77% 12.83% 11.32%
Nbr of stocks (in thousands) 508,987 492,561 484,890 476,158 466,949 459,084 459,084 459,084
Announcement Date 10/02/22 07/02/23 06/02/24 06/02/25 05/02/26 - - -
1USD
Estimates
2026 *2027 *
P/E 31.9x 28.3x
PBR 5.97x 5.73x
EV / Sales 7.06x 6.76x
Yield 1.26% 1.35%

EPS & Dividend

EPS & Dividend - Linde plc


Y-o-Y evolution of P/E

Valuation ratios - P/E - Linde plc
 

Year-on-year evolution of the Yield

Valuation ratios - Yield - Linde plc
Trader
Investor
Global
Quality
ESG MSCI
-
MarketScreener Ratings - Linde plc
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
29
Last Close Price
511.55USD
Average target price
550.85USD
Spread / Average Target
+7.68%

Quarterly revenue - Rate of surprise

Rate of surprise - Net sales - Quarterly - Linde plc