What is Linde PLC worth?
With the base-case assumptions below, a discounted cash flow model on Linde PLC's reported free cash flow gives $152.93 per share. The share price was $521.13 on November 10, 2026, 241% above that value.
Inputs from the filings
Three sets of assumptions
| Case | Growth yrs 1-5 | Discount rate | Value per share | Value vs price |
|---|---|---|---|---|
| Bear | -0.5% | 10.0% | $79.99 | -85% |
| Base | 4.5% | 9.0% | $152.93 | -71% |
| Bull | 9.5% | 8.0% | $294.99 | -43% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $204.90 | $220.67 | $239.95 | $264.05 | $295.04 |
| 8.0% | $166.19 | $176.42 | $188.51 | $203.02 | $220.75 |
| 9.0% | $137.87 | $144.86 | $152.93 | $162.35 | $173.48 |
| 10.0% | $116.27 | $121.24 | $126.88 | $133.32 | $140.76 |
| 11.0% | $99.26 | $102.91 | $106.98 | $111.57 | $116.77 |
Where the presets come from
Base: years 1 to 5 grow at Linde PLC's revenue growth rate over the last 5 fiscal years (4.5% a year), held between -5% and 15%. Years 6 to 10 grow halfway between that and the long-run rate of 2.5%. Future cash is discounted at 9% a year.
Bear: 5 points less growth, 2% long-run growth, 10% discount rate. Bull: 5 points more growth (at most 25%), 3% long-run growth, 8% discount rate.
Value per share = (present value of 10 years of free cash flow + present value of everything after + cash - debt) / diluted shares.
This is a model run on assumptions, not a recommendation or a price target. Small changes in the discount rate or growth move the result a lot, as the table above shows. Change them yourself in the calculator.
Adjust the assumptions
Move the sliders for growth, long-run growth and discount rate, or switch to average free cash flow, and see the value per share change.
Adjust the assumptions