Company Valuation: Linde plc

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 176,328 160,663 199,149 199,353 199,102 241,506 - -
Change - -8.88% 23.95% 0.1% -0.13% 21.3% - -
Enterprise Value (EV) 1 187,712 173,141 213,858 216,126 221,035 264,313 264,951 265,456
Change - -7.76% 23.52% 1.06% 2.27% 19.58% 0.24% 0.19%
P/E 47.3x 39.6x 32.6x 30.7x 29.2x 32.8x 28.9x 25.9x
PBR 4x 4.07x 5.09x 5.3x 5.26x 6.1x 5.85x 5.56x
PEG - 3.2x 0.6x 3.75x 4.02x 3.32x 2.2x 2.2x
Capitalization / Revenue 5.73x 4.82x 6.06x 6.04x 5.86x 6.6x 6.31x 5.96x
EV / Revenue 6.1x 5.19x 6.51x 6.55x 6.5x 7.23x 6.92x 6.56x
EV / EBITDA 18.4x 15.9x 17.6x 16.9x 16.6x 18.6x 17.4x 16.3x
EV / EBIT 26.2x 21.9x 23.6x 22.2x 21.8x 24.4x 22.7x 21.1x
EV / FCF 28.3x 30.4x 38.8x 43.9x 43.4x 48.2x 41.3x 37.4x
FCF Yield 3.54% 3.29% 2.58% 2.28% 2.3% 2.07% 2.42% 2.67%
Dividend per Share 2 4.24 4.68 5.1 5.56 6 6.4 7.04 7.744
Rate of return 1.22% 1.43% 1.24% 1.33% 1.41% 1.22% 1.34% 1.47%
EPS 2 7.33 8.23 12.59 13.62 14.61 16.05 18.17 20.32
Distribution rate 57.8% 56.9% 40.5% 40.8% 41.1% 39.9% 38.7% 38.1%
Net sales 1 30,793 33,364 32,854 33,005 33,986 36,568 38,289 40,490
EBITDA 1 10,179 10,873 12,133 12,819 13,351 14,197 15,200 16,264
EBIT 1 7,176 7,900 9,070 9,720 10,137 10,840 11,697 12,558
Net income 1 3,826 4,147 6,199 6,565 6,898 7,460 8,263 9,039
Net Debt 1 11,384 12,478 14,709 16,773 21,933 22,808 23,445 23,951
Reference price 2 346.43 326.18 410.71 418.67 426.39 526.06 526.06 526.06
Nbr of stocks (in thousands) 508,987 492,561 484,890 476,158 466,949 459,084 - -
Announcement Date 10/02/22 07/02/23 06/02/24 06/02/25 05/02/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
32.77x7.23x18.62x1.22% 242B
31.12x4.78x15.48x1.91% 136B
31.56x3.77x19.54x0.92% 84.03B
19.64x7x31.09x3.76% 73.25B
93.97x6.87x16x2.28% 70.49B
70.71x1.36x8.74x5.54% 38.84B
10.49x1.05x5.7x2.94% 31.93B
16.64x1.91x11.11x2.37% 27.07B
47.19x5.8x31.94x1.22% 25.94B
16.87x0.85x5.92x4.22% 24.01B
Average 37.10x 4.06x 16.41x 2.64% 75B
Weighted average by Cap. 37.21x 5.34x 17.85x 2.09%

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