Company Valuation: Linde plc

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 176,328 160,663 199,149 199,353 199,102 236,338 - -
Change - -8.88% 23.95% 0.1% -0.13% 18.7% - -
Enterprise Value (EV) 1 187,712 173,141 213,858 216,126 221,035 259,181 259,756 259,811
Change - -7.76% 23.52% 1.06% 2.27% 17.26% 0.22% 0.02%
P/E 47.3x 39.6x 32.6x 30.7x 29.2x 30.9x 27.8x 24.9x
PBR 4x 4.07x 5.09x 5.3x 5.26x 6.02x 5.8x 5.56x
PEG - 3.2x 0.6x 3.75x 4.02x 2.5x 2.5x 2.2x
Capitalization / Revenue 5.73x 4.82x 6.06x 6.04x 5.86x 6.57x 6.26x 5.9x
EV / Revenue 6.1x 5.19x 6.51x 6.55x 6.5x 7.21x 6.87x 6.49x
EV / EBITDA 18.4x 15.9x 17.6x 16.9x 16.6x 18.3x 17.1x 15.9x
EV / EBIT 26.2x 21.9x 23.6x 22.2x 21.8x 24x 22.2x 20.5x
EV / FCF 28.3x 30.4x 38.8x 43.9x 43.4x 43.4x 38.3x 34.9x
FCF Yield 3.54% 3.29% 2.58% 2.28% 2.3% 2.3% 2.61% 2.87%
Dividend per Share 2 4.24 4.68 5.1 5.56 6 6.424 6.927 7.468
Rate of return 1.22% 1.43% 1.24% 1.33% 1.41% 1.26% 1.36% 1.47%
EPS 2 7.33 8.23 12.59 13.62 14.61 16.44 18.31 20.4
Distribution rate 57.8% 56.9% 40.5% 40.8% 41.1% 39.1% 37.8% 36.6%
Net sales 1 30,793 33,364 32,854 33,005 33,986 35,946 37,784 40,037
EBITDA 1 10,179 10,873 12,133 12,819 13,351 14,177 15,165 16,304
EBIT 1 7,176 7,900 9,070 9,720 10,137 10,813 11,699 12,685
Net income 1 3,826 4,147 6,199 6,565 6,898 7,642 8,308 9,057
Net Debt 1 11,384 12,478 14,709 16,773 21,933 22,843 23,418 23,473
Reference price 2 346.43 326.18 410.71 418.67 426.39 508.64 508.64 508.64
Nbr of stocks (in thousands) 508,987 492,561 484,890 476,158 466,949 462,347 - -
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.($)
22.41x6.47x15.25x2.46% 65.53B
210.61x - - - 23.55B
18.28x2.28x9.3x1.14% 15.41B
91.11x15.32x44.51x0.36% 6.66B
28.8x3x11.66x0.85% 6.04B
94.95x19.5x56.24x0.18% 5.99B
77.74x - - - 5.24B
11.14x0.86x7.64x2.87% 3.65B
19.7x1.65x9.02x1.8% 3.37B
Average 63.86x 7.01x 21.94x 1.38% 15.05B
Weighted average by Cap. 63.30x 6.60x 17.85x 1.91%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield