LIN

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Overview
Forecast
Valuation

Line

Candle

YTD

High

453.530

Open

452.855

VWAP

448.25

Vol

1.44M

Mkt Cap

210.44B

Low

446.240

Amount

646.07M

EV/EBITDA(TTM)

18.49

Total Shares

470.72M

234.19B

EV/OCF(TTM)

24.32

P/S(TTM)

6.61

Linde plc is a United Kingdom-based industrial gases and engineering company. The Company serves a variety of end markets, such as chemicals and energy, food and beverage, electronics, healthcare, manufacturing, metals, and mining. The Company’s industrial gases and technologies are used in countless applications, including production of clean hydrogen and carbon capture systems critical to the energy transition, life-saving medical oxygen and high-purity and specialty gases for electronics. It also delivers gas processing solutions to support customer expansion, efficiency improvements and emissions reductions. Its primary products in its industrial gases business are atmospheric gases and process gases. The Company also designs and builds equipment that produces industrial gases and offers customers a range of gas production and processing services, such as olefin plants, natural gas plants, air separation plants, hydrogen and synthesis gas plants and other types of plants.

Market Estimates

Earnings Estimates

Revenue

YoY Chg

EPS

YoYChg

FY2025Q4

FY2025Q3

FY2025Q2

8.54B

+3.06%

4.222

+6.35%

8.49B

+1.61%

4.190

+6.33%

8.35B

+1.06%

4.025

+4.54%

Estimates Revision

The market is revising Downward the revenue expectations for Linde plc (LIN) for FY2025, with the revenue forecasts being adjusted by -0.67% over the past three months. During the same period, the stock price has changed by -1.76%.

Revenue Estimates for FY2025

Revise Downward

-0.67%

In Past 3 Month

EPS Estimates for FY2025

Revise Downward

-0.45%

In Past 3 Month

Stock Price

Go Down

-1.76%

In Past 3 Month

13 Analyst Rating

11.84% Upside

Wall Street analysts forecast LIN stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for LIN is 500.00 USD with a low forecast of 465.00 USD and a high forecast of 535.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

9 Buy

3 Hold

1 Sell

Moderate Buy

11.84% Upside

Current: 447.050

Low

465.00

Averages

500.00

High

535.00

11.84% Upside

Current: 447.050

Low

465.00

Averages

500.00

High

535.00

Seaport Global

Michael Harrison

Hold

Reiterates

n/a

2025-04-21

Reason

Seaport Global

Michael Harrison

Price Target

n/a

2025-04-21

Reiterates

Hold

Reason

TD Cowen

Marc Bianchi

Hold

Strong Buy

Upgrades

$480 → $515

2025-01-13

Reason

TD Cowen

Marc Bianchi

Price Target

$480 → $515

2025-01-13

Upgrades

Hold

Strong Buy

Reason

The final rule for 45V Clean Hydrogen Production Tax Credit was released, with the Treasury Department providing a $3.00/kg tax credit for the production of hydrogen factored by the lifecycle carbon intensity of the delivered molecule, TD Cowen tells investors in a research note. The firm says the updates pursue "flexibility" while maintaining the constrictive "Three Pillar" framework and believes the legacy nuclear and hydro companies are Green/Pink second half winners. TD Cowen is "cautious" on seeing the rule as "final," and expects "root-and-branch" level changes to 45V guidance in 2025, as Republicans have multiple tools to get this done. Companies in the sector include Constellation Energy (CEG), PSEG (PEG), Vistra (VST), Plug Power (PLUG), Air Liquide (AIQUY), Linde (LIN), and CNX Resources (CNX).

Citigroup

Patrick Cunningham

Hold

Maintains

$490 → $480

2024-12-18

Reason

Citigroup

Patrick Cunningham

Price Target

$490 → $480

2024-12-18

Maintains

Hold

Reason

Citi lowered the firm's price target on Linde to $480 from $490 and keeps a Neutral rating on the shares. The firm updated estimates, price targets, and ratings in conjunction with its 2025 chemicals outlook. Citi maintains a "broadly neutral view" on commodity chemicals, saying most chains have some form of supply overhang and the first half of 2025 earnings are looking very similar to the second have of 2024. The firm says its top picks are reflective of confidence on long-term earnings power and durable competitive advantages at reasonable valuations in the cases of Ecolab (ECL) and Corteva (CTVA), and a "compelling" activist campaign in the case of Air Products (APD).

Erste Group

Hans Engel

Strong Buy

Hold

Downgrades

n/a

2024-11-19

Reason

Erste Group

Hans Engel

Price Target

n/a

2024-11-19

Downgrades

Strong Buy

Hold

Reason

Erste Group analyst hans Engel downgraded Linde to Hold from Buy.

BMO Capital

John McNulty

Buy

Maintains

$477 → $507

2024-11-01

Reason

BMO Capital

John McNulty

Price Target

$477 → $507

2024-11-01

Maintains

Buy

Reason

Mizuho

John Roberts

Buy

Maintains

$520 → $530

2024-11-01

Reason

Mizuho

John Roberts

Price Target

$520 → $530

2024-11-01

Maintains

Buy

Reason

Mizuho analyst John Roberts raised the firm's price target on Linde to $530 from $520 and keeps an Outperform rating on the shares following the earnings upside.

See All Ratings

Valuation Metrics

The current forward P/E ratio for Linde PLC (LIN.N) is 26.69, compared to its 5-year average forward P/E of 26.65. For a more detailed relative valuation and DCF analysis to assess Linde PLC 's fair value, click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.

Fair

5Y Average PE

26.65

Current PE

26.69

Overvalued PE

28.57

Undervalued PE

24.73

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.

Overvalued

5Y Average EV/EBITDA

16.23

Current EV/EBITDA

17.53

Overvalued EV/EBITDA

17.44

Undervalued EV/EBITDA

15.02

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.

Overvalued

5Y Average PS

5.22

Current PS

6.25

Overvalued PS

6.00

Undervalued PS

4.44