Company Valuation: Linde plc

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 176,328 160,663 199,149 199,353 199,102 226,853 - -
Change - -8.88% 23.95% 0.1% -0.13% 13.94% - -
Enterprise Value (EV) 1 187,712 173,141 213,858 216,126 221,035 250,133 250,248 250,260
Change - -7.76% 23.52% 1.06% 2.27% 13.16% 0.05% 0%
P/E 47.3x 39.6x 32.6x 30.7x 29.2x 30x 27x 24.3x
PBR 4x 4.07x 5.09x 5.3x 5.26x 5.79x 5.57x 5.33x
PEG - 3.2x 0.6x 3.75x 4.02x 2.5x 2.4x 2.2x
Capitalization / Revenue 5.73x 4.82x 6.06x 6.04x 5.86x 6.24x 5.95x 5.63x
EV / Revenue 6.1x 5.19x 6.51x 6.55x 6.5x 6.88x 6.57x 6.21x
EV / EBITDA 18.4x 15.9x 17.6x 16.9x 16.6x 17.6x 16.4x 15.4x
EV / EBIT 26.2x 21.9x 23.6x 22.2x 21.8x 23.1x 21.4x 19.7x
EV / FCF 28.3x 30.4x 38.8x 43.9x 43.4x 44.3x 37.3x 34.2x
FCF Yield 3.54% 3.29% 2.58% 2.28% 2.3% 2.26% 2.68% 2.93%
Dividend per Share 2 4.24 4.68 5.1 5.56 6 6.434 6.924 7.44
Rate of return 1.22% 1.43% 1.24% 1.33% 1.41% 1.31% 1.41% 1.51%
EPS 2 7.33 8.23 12.59 13.62 14.61 16.39 18.21 20.21
Distribution rate 57.8% 56.9% 40.5% 40.8% 41.1% 39.3% 38% 36.8%
Net sales 1 30,793 33,364 32,854 33,005 33,986 36,338 38,108 40,323
EBITDA 1 10,179 10,873 12,133 12,819 13,351 14,211 15,217 16,290
EBIT 1 7,176 7,900 9,070 9,720 10,137 10,812 11,679 12,701
Net income 1 3,826 4,147 6,199 6,565 6,898 7,654 8,326 9,075
Net Debt 1 11,384 12,478 14,709 16,773 21,933 23,280 23,395 23,407
Reference price 2 346.43 326.18 410.71 418.67 426.39 492.11 492.11 492.11
Nbr of stocks (in thousands) 508,987 492,561 484,890 476,158 466,949 460,980 - -
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.($)
30.03x6.88x17.6x1.31% 227B
27.32x4.24x13.64x2.13% 120B
29.06x3.54x18.15x0.99% 78.22B
21.84x7.4x34.75x3.37% 78.58B
85.28x6.36x14.8x2.5% 64.35B
85.07x1.25x8.49x6.11% 36.2B
10.64x1.14x6.19x3.12% 31.19B
9x3.01x7.08x4.7% 24.29B
43.56x5.54x29.48x1.31% 24.01B
Average 37.98x 4.37x 16.69x 2.84% 76.01B
Weighted average by Cap. 35.46x 5.30x 17.71x 2.22%

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