Update shared on04 Sep 2025
Analysts cite Linde’s resilient operational performance driven by effective pricing, strong project execution, and progress in clean energy initiatives as key positives, resulting in an unchanged consensus price target of $511.
Analyst Commentary
- Continued resilience in the face of global industrial production headwinds, attributed to effective pricing strategies.
- Strong project execution and productivity improvements supporting operational performance.
- Robust, high-quality project backlog offering near-term opportunities for growth.
- Notable progress and success in advancing longer-term clean hydrogen and ammonia projects, enhancing growth potential.
- Upward analyst estimate revisions due to better-than-expected productivity and favorable foreign exchange impacts.
What's in the News
- Linde, along with other European chemical companies, faces potential headwinds from U.S. tariffs that are disrupting global trade and causing customers to delay orders (Reuters, 2025-09-03).
- Between April and June 2025, Linde repurchased 2,445,000 shares for $1.1 billion, completing a $5.3 billion buyback program for 2.48% of shares outstanding announced in October 2023 (Key Development, 2025-08-01).
- Linde commissioned one of the world's largest helium storage caverns in Beaumont, Texas, with a capacity of over three billion cubic feet, bolstering its helium supply reliability for applications in semiconductors, space launches, and medical imaging (Key Development, 2025-07-30).
- Linde is expanding its footprint in the U.S. space industry through new long-term industrial gas supply agreements, with major capacity expansions at facilities in Florida and Texas to support rocket launches and space operations, as well as increasing merchant gas capacity across Texas (Key Development, 2025-07-21).
- Linde signed a long-term deal to supply industrial gases to the Blue Point Number One low-carbon ammonia project in Louisiana, committing over $400 million for a new air separation unit expected to commence operations by 2029, enhancing its position in the Gulf Coast industrial gases market (Key Development, 2025-06-23).
Valuation Changes
Summary of Valuation Changes for Linde
- The Consensus Analyst Price Target remained effectively unchanged, at $511.00.
- The Consensus Revenue Growth forecasts for Linde remained effectively unchanged, at 5.4% per annum.
- The Discount Rate for Linde remained effectively unchanged, at 7.92%.
Disclaimer
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