Linde plc logo LIN - Linde plc

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 25
HOLD 3
SELL 0
STRONG
SELL
0
| PRICE TARGET: $566.25 DETAILS
HIGH: $612.00
LOW: $525.00
MEDIAN: $569.50
CONSENSUS: $566.25
UPSIDE: 15.48%
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Platform & Compounding FCF 50% confidence

Primary model: Two-stage FCF DCF

Valuation Signal Overvalued Strong
Trading 136.2% above fair value
Current Price $490.33
Bear Case $149.29 69.6% downside ($149.29 - $490.33) / $490.33 = -69.6% 5% stage 1 growth, 11% discount
Fair Value $207.57 57.7% downside ($207.57 - $490.33) / $490.33 = -57.7% 9% stage 1 growth, 11% discount
Bull Case $263.00 46.4% downside ($263.00 - $490.33) / $490.33 = -46.4% 11% stage 1 growth, 11% discount

Adjust Assumptions

8.8%
11.0%
3.0%

Key Value Driver

FCF growth rate (9% base case)

Terminal Value % of EV 38%
Implied Market Multiple 41.5x
Market is pricing in (growth) 18.7% vs our 8.8% base

Plain-Language Summary

Using a two-stage FCF DCF with 9% growth decelerating over 15 years, discounted at 11%, the base-case intrinsic value is $207.57 per share.

Analyst Consensus (External Reference)

Never blended into the bear/base/bull estimates above -- shown only as an outside comparison.

Average Target (28 analysts) $566.25
Analyst Range $525.00 – $612.00
Divergence from AlphaVal 63%

Warnings

Wall Street's average price target is $566.25 (from 28 analysts). Our estimate is 63% below the consensus -- consider that gap carefully.

Key Risks

  • P/E alone misleads — earnings depressed by growth investment
  • Cyclical or commodity businesses may be misclassified as platforms
  • Terminal value dominance suggests sensitivity to long-run assumptions