Linde PLC

LIN: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$965.00	Fjhg	Hkrgwzvg

Linde Raises Full-Year 2022 Outlook After Solid Third Quarter; Increasing FVE to $347

Krzysztof Smalec

Oct 28, 2022

We increase our fair value estimate for narrow-moat Linde to $347 from $340 after the industrial gas firm reported strong third-quarter results, posting a 14% year-over-year increase in adjusted EPS, to $3.10 from $2.73. The fair value increase is driven by our revised near-term expectations as well as time value of money.

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