Linde Plc Stock Fair Value – BMO Capital Markets Raises Price Target for Linde PLC to $421.00
November 4, 2023
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Linde ($NYSE:LIN) PLC is a major player in the industrial gases business, supplying a variety of gases and other related services to customers around the world. The company operates through its subsidiaries, which are located across Europe, North America, and Asia Pacific. Recently, BMO Capital Markets has raised their price target for Linde PLC to $421.00. This price target increase is part of a larger trend in which investors are increasingly showing interest in Linde PLC due to their long-term profitability and resilient business model.
The company has also been focused on expanding their presence in emerging markets, further increasing their competitive edge. They have also noted that the company’s strong balance sheet and ability to generate cash flows will help it remain a strong performer despite any market volatility.
Share Price
This comes after the stock opened at $382.3 and reached a closing price of $387.1, representing a 1.3% increase from its last closing price of $382.2. Analyst opinions on the stock suggest that the market is optimistic on the potential of LINDE PLC to deliver returns to investors. The increased price target further increases the possibility of investors seeing returns from LINDE PLC in the near future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Linde Plc. More…
| Total Revenues | Net Income | Net Margin |
| 32.45k | 5.98k | 18.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Linde Plc. More…
| Operations | Investing | Financing |
| 8.67k | -4.33k | -4.23k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Linde Plc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 77.83k | 37.59k | 80.22 |
Key Ratios Snapshot
Some of the financial key ratios for Linde Plc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 6.3% | 29.6% | 24.7% |
| FCF Margin | ROE | ROA |
| 15.7% | 12.7% | 6.4% |
Analysis – Linde Plc Stock Fair Value
At GoodWhale, we conducted an analysis of LINDE PLC‘s fundamentals and have determined that the fair value of their share is around $338.0. This figure was determined using our proprietary Valuation Line. However, the current stock price of LINDE PLC is traded at $387.1, which is a fair price that is overvalued by 14.5%. This suggests that now is a good time to enter the market and take advantage of the current situation. Investors should be aware of the risks associated with investing in overvalued stocks, but many see it as an opportunity to potentially reap higher returns. More…
Peers
The company operates in more than 100 countries and serves customers in a wide range of industries, from food and beverage to healthcare and chemical manufacturing. Linde’s main competitors are Air Products & Chemicals Inc, Air Liquide SA, and Southern Gas Ltd.
– Air Products & Chemicals Inc ($NYSE:APD)
Air Products & Chemicals Inc is an international industrial gases company. Headquartered in Allentown, Pennsylvania, in the United States, the company has operations in over 50 countries, and serves customers in a wide range of industries including chemicals, energy, electronics, food and beverage, healthcare, manufacturing, metals, and others.
The company has a market capitalization of $53.55 billion as of 2022 and a return on equity of 12.98%. Air Products & Chemicals Inc is a leading supplier of industrial gases and related equipment, and is one of the world’s leading producers of hydrogen. The company also produces a variety of other gases, including nitrogen, oxygen, and argon. In addition to gas production, Air Products & Chemicals Inc also provides engineering and construction services for a variety of industries.
– Air Liquide SA ($OTCPK:AIQUF)
Air Liquide SA is a French multinational company that supplies industrial gases and services to various industries. The company has a market cap of 62.29B as of 2022 and a Return on Equity of 11.4%. The company’s products and services include oxygen, nitrogen, hydrogen, carbon dioxide, and other gases. Air Liquide SA also offers welding, medical, and food-grade gases.
– Southern Gas Ltd ($BSE:509910)
Southern Gas Ltd is a gas distribution company that serves the southern United States. The company has a market capitalization of $2.66 million and a return on equity of 4.12%. Southern Gas is a publicly traded company listed on the New York Stock Exchange.
Summary
BMO Capital Markets recently raised its price target for Linde PLC to $421.00, citing the company’s strong financial performance and expected future growth. Investors are optimistic that the company will benefit from an increase in demand for industrial gases, as global economies reopen and energy consumption continues to rise. Linde PLC has a strong balance sheet, with solid cash flow and low debt levels, which should position them well for future opportunities. The company continues to invest in research and development to bring new products to market, which should bolster their competitive advantage.
In addition, Linde PLC’s ongoing cost structure initiatives should help them maintain margins. Overall, analysts believe that Linde PLC remains a strong investment option with significant upside potential.
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