LINDE PLC (LIN)

Industrial Inorganic Chemicals

Latest Price

$478.38

TTM P/E

31.72

Normalized P/E

39.94

Div Yield

1.28%

Book Value

83.11

P/B Ratio

5.76

Valuation metrics

EPS: $14.61

Book value / share: $75.18

Formula: √(22.5 × EPS × BVPS)

Graham Number

$157.21

67% downside

Norm. op. income: $5.4B (median of 7yr)

Tax rate: 25%

Discount rate: 10%

Growth assumption: zero (EPV is a no-growth value)

Earnings Power Value

$36.31

92% downside

Base FCF: $5.5B (median of recent 5yr)

Growth: 0%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$86.33

82% downside

EPS: $14.61

Target P/E: 40×

Formula: EPS × P/E

P/E Fair Value

$584.40

+22% upside