Linde PLC
DUS:LIN
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Linde PLC
DUS:LIN
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Fagerhult Group AB
F:2F0
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SE |
Intrinsic Value
The intrinsic value of 
Linde PLC (LIN) under the Base Case is 234 EUR per share.
Compared with the current market price of 442.2 EUR, the stock appears
Overvalued by 47% .
The intrinsic value is calculated using the DCF method.
Do our valuations actually work? See backtest results .
Cheap or expensive for this stock?
This block shows whether today’s valuation is cheap or expensive compared with the stock’s own history, and what happened after similar valuations in the past.
We compare the gap between the stock’s price and our estimated value over time.
- Undervalued can still be historically expensive. The stock may trade below our estimated value, but usually offer an even bigger discount.
- Overvalued can still be historically cheap. The stock may trade above our estimated value, but usually carry an even higher premium.
Market expectations can differ from our model, which may not fully capture everything affecting the price. That is why some stocks regularly trade above our estimated value and others below it.
The scale and chart show how today’s valuation compares with the past. The cards summarize past returns and waiting times until the stock stopped being cheap or expensive. This can happen because the price changed, our estimated value changed, or both.
Only completed periods are included. These are past results, not forecasts. The usual historical range does not necessarily mean fair value.
Fundamental Analysis
What Linde Does
Linde plc is one of the world’s largest industrial gas companies. It makes and supplies gases such as oxygen, nitrogen, argon, hydrogen, and helium, along with the equipment needed to store, move, and use them safely. Its gases are sold in different ways: through on-site plants built at customer facilities, by pipeline in some industrial areas, and in cylinders or liquid tank deliveries for smaller users.
- Headquarters
- United Kingdom UK
- Employees
- 65 034
- IPO date
- Oct 31, 2018
Linde has a wide economic moat
Replacing Linde's gas supply can mean changing equipment and risking interruptions to a customer's production, making a cheaper rival less attractive. Its closely spaced plants, pipelines and delivery routes also make local supply cheaper than competitors can readily match without building a similar customer base.
Read the full moat analysisLatest Earnings Call
Linde lifted the lower end of its full-year EPS outlook, while U.S. homecare weighed on margins and management pursued a turnaround and strategic review.
What management delivered: 1 within the range
- EPS
- $4.50
- Expected
- $4.49
- Surprise
- +0.2%
- Stock, day of the call
- −4.3%
Revenue & Expenses Breakdown
Linde PLC
Earnings Waterfall
Linde PLC
The intrinsic value for Linde PLC (LIN) under the Base Case is 234 EUR.
Compared with the current market price of 442.2 EUR, the stock appears Overvalued by 47% .