Linde PLC
XETRA:LIN
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P/FCFE
Price to Free Cash Flow to Equity (P/FCFE) ratio compares a company`s market value to the free cash flow available to its shareholders. It`s similar to the P/OCF ratio but more precise, since it accounts for capital expenditures deducted from operating cash flow.
Price to Free Cash Flow to Equity (P/FCFE) ratio compares a company`s market value to the free cash flow available to its shareholders. It`s similar to the P/OCF ratio but more precise, since it accounts for capital expenditures deducted from operating cash flow.
Valuation Scenarios
If P/FCFE returns to its 3-Year Average (27.1), the stock would be worth €404.06 (6% downside from current price).
| Scenario | P/FCFE Value | Implied Price | Upside/Downside |
|---|---|---|---|
| Current Multiple | 29 | €431 |
0%
|
| 3-Year Average | 27.1 | €404.06 |
-6%
|
| 5-Year Average | 26.5 | €394.63 |
-8%
|
| Industry Average | 0.5 | €7.36 |
-98%
|
| Country Average | 0.2 | €3.05 |
-99%
|
Forward P/FCFE
Today’s price vs future free cash flow to equity
Peer Comparison
| Market Cap | P/FCFE | P/E | ||||
|---|---|---|---|---|---|---|
| UK |
L
|
Linde PLC
XETRA:LIN
|
201.3B EUR | 29 | 33.6 | |
| FR |
|
L'Air Liquide Societe Anonyme pour l'Etude et l'Exploitation des Procedes Georges Claude SA
PAR:AI
|
105.8B EUR | 24.4 | 30.1 | |
| US |
|
Air Products and Chemicals Inc
NYSE:APD
|
67B USD | 127.4 | -200.9 | |
| JP |
|
Nippon Sanso Holdings Corp
TSE:4091
|
2.4T JPY | 31.2 | 20.9 | |
| IN |
|
Linde India Ltd
NSE:LINDEINDIA
|
624.3B INR | -75.4 | 106.2 | |
| CN |
P
|
Peric Special Gases Co Ltd
SSE:688146
|
42.5B CNY | 617.7 | 134.8 | |
| IT |
|
SOL SpA
MIL:SOL
|
5.2B EUR | 40.7 | 31.5 | |
| CN |
|
Hangzhou Oxygen Plant Group Co Ltd
SZSE:002430
|
30.7B CNY | 32.9 | 32.5 | |
| CN |
G
|
Guangdong Huate Gas Co Ltd
SSE:688268
|
22.6B CNY | 498.6 | 122.7 | |
| CN |
S
|
Sichuan Qiaoyuan Gas Co Ltd
SZSE:301286
|
20.3B CNY | 162.4 | 100.8 | |
| JP |
|
Air Water Inc
TSE:4088
|
434.5B JPY | 30.5 | 56.1 |
Market Distribution
| Min | 0 |
| 30th Percentile | 0.1 |
| Median | 0.2 |
| 70th Percentile | 0.4 |
| Max | 901.8 |
Other Multiples
Linde PLC
Glance View
In the bustling world of industrial gases, Linde PLC stands as a towering figure, weaving its expertise into the fabric of numerous industries. Born from the merger of U.S.-based Praxair and Germany's Linde AG in 2018, this international behemoth has established itself in over 100 countries, driving innovation and growth. At its core, Linde is about producing and distributing atmospheric gases like oxygen, nitrogen, and argon, as well as process gases including hydrogen and carbon dioxide. These aren't just elements; they are catalysts for industries ranging from healthcare to food processing, electronics to manufacturing, each relying on these gases to bolster their operations, aid in production, and enhance safety. The company's business model cleverly balances stability and innovation. With bulk and packaged gases forming their backbone, they establish long-term contracts with industries, creating predictable revenue streams. Yet, it's not only the dependable supply of gases that fuels Linde’s growth but also their prowess in tapping into emerging markets such as clean energy. By focusing on the development of hydrogen as a fuel, Linde is not only ensuring sustainability but is also capitalizing on the burgeoning demand for alternative energy solutions. This blend of concrete foundations and forward-looking ventures ensures that Linde not only helps industries breathe but also continually finds fresh avenues for financial success.