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LIN

Linde plc Ordinary Shares

NASDAQ: LIN · BASIC MATERIALS · SPECIALTY CHEMICALS

$501.14
-0.71% today

Updated 2026-04-29

Market cap
$232.23B
P/E ratio
34.25
P/S ratio
6.83x
EPS (TTM)
$14.63
Dividend yield
1.19%
52W range
$386 – $516
Volume
2.5M
OverviewPrice TargetsFinancialsValuationInsidersEarnings

Linde plc Ordinary Shares (LIN) Financial Forecast & Price Target 2030

Research-backed projections from analyst consensus, management guidance, and sector analysis.

Price target summary

Current
$501.14
Consensus
$518.00
+3.36%
2030 Target
$1,155.98
+130.67%
DCF
$346.56
-44.60% MoS
29 analysts:
7 Buy2 Hold2 Sell

Management guidance

Linde management has not issued specific multi-year revenue targets in the available data. Q4 2025 earnings showed 5.8% YoY revenue growth to $8.76B quarterly. Management is guiding FY2026 adjusted EPS in line with analyst estimates, with focus on organic growth, capital deployment in hydrogen/clean energy, and strategic facility expansions (North Carolina ASU by end-2028, Wisconsin facility also announced).

Sources: Management guidance, analyst consensus, sector analysishigh confidence

Revenue & price projection

Actual revenue Projected revenue Base case Bull to bear range
Bull case (2030)
$1,960.14
$44.1B Rev × 20x P/S
Base case (2030)
$1,155.98
$44.1B Rev × 12x P/S
Bear case (2030)
$753.90
$44.1B Rev × 8x P/S

Financial forecast — research-backed

Metric2023202420252026 (E)2027 (E)2028 (E)2029 (E)2030 (E)
Revenue$32.9B$33.0B$34.0B$35.9B$37.7B$39.7B$41.8B$44.1B
Revenue growth—0.5%3.0%5.7%5.0%5.2%5.4%5.6%
EPS$14.21$15.51$16.45$18.01$19.68$21.50$23.65$26.00
P/S ratio———12.0x12.0x12.0x12.0x12.0x
Implied price———$954.94$1,005.20$1,055.46$1,105.72$1,155.98

Catalysts & risks

Growth catalysts
+ Hydrogen infrastructure buildout and fuel cell commercialization (Toyota/Daimler/Volvo cellcentric joint venture gaining momentum)
+ New ASU facilities coming online (North Carolina end-2028, Wisconsin) driving incremental capacity and margins
+ Clean energy transition and carbon capture demand acceleration from regulatory tailwinds
+ Semiconductor/electronics demand recovery driving industrial gas volumes
+ Data center and AI cooling demand expansion (Linde positioning for helium/cryogenic solutions)
Key risks
- Macroeconomic slowdown reducing industrial production and capital spending
- Geopolitical tensions (Iran conflict) disrupting helium supply and energy costs
- Elevated capital intensity slowing free cash flow growth despite revenue expansion
- Competition from Air Products (APD) and regional industrial gas providers
- Valuation compression risk at 34.4x P/E if growth disappoints relative to high expectations

Methodology

Linde plc Ordinary Shares's forward estimates are derived from AI-powered research synthesis combining analyst consensus from 29 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts from industry research. Revenue and EPS projections use analyst consensus where available and conservative extrapolation with growth deceleration for outer years. Price targets are calculated using a tiered Price-to-Sales (P/S) methodology, where the P/S multiple is determined by the projected revenue growth rate.

WallStSmart proprietary research model · Not financial advice · Past performance is not indicative of future results · Last researched: April 6, 2026.