Linde PLC

LIN: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$332.00	Lvnk	Ypynhvrn

Linde Posts Solid Second-Quarter Results, Raises Full-Year Guidance; Increasing Fair Value Estimate

Krzysztof Smalec

Jul 28, 2022

We are raising our fair value estimate for narrow-moat-rated Linde to $340 from $333 after the industrial gas firm posted strong second-quarter results, delivering a 15% year-over-year increase in adjusted EPS, from $2.70 to $3.10. Our fair value estimate increase reflects Linde’s solid performance, our slightly more optimistic near-term revenue growth and operating margin assumptions, and the time value of money.

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