Stock Analysis on Net

Linde plc (NASDAQ:LIN)

Enterprise Value (EV)

Microsoft Excel

Current Enterprise Value (EV)

Linde plc, current enterprise value calculation

Microsoft Excel
Current share price (P) $466.23
No. shares of common stock outstanding 481,576,472
US$ in millions
Common equity (market value)1 224,525
Add: Noncontrolling interests (per books) 1,362
Total equity 225,887
Add: Short-term debt (per books) 4,713
Add: Current portion of long-term debt (per books) 1,263
Add: Current finance lease liabilities (per books) 50
Add: Long-term debt, excluding current portion (per books) 13,397
Add: Long-term finance lease liabilities (per books) 143
Total equity and debt 245,453
Less: Cash and cash equivalents 4,664
Enterprise value (EV) 240,789

Based on: 10-K (reporting date: 2023-12-31).

1 Common equity (market value) = Share price × No. shares of common stock outstanding
= 466.23 × 481,576,472


Historical Enterprise Value (EV)

Linde plc, EV calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Share price1, 2 $451.20 $348.37 $293.24 $251.49 $198.15
No. shares of common stock outstanding1 481,576,472 492,160,806 507,744,577 522,836,425 532,959,736
US$ in millions
Common equity (market value)3 217,287 171,454 148,891 131,488 105,606
Add: Noncontrolling interests (book value) 1,362 1,346 1,393 2,252 2,448
Total equity 218,649 172,800 150,284 133,740 108,054
Add: Short-term debt (book value) 4,713 4,117 1,163 3,251 1,732
Add: Current portion of long-term debt (book value) 1,263 1,599 1,709 751 1,531
Add: Current finance lease liabilities (book value) 50 42 47 38
Add: Long-term debt, excluding current portion (book value) 13,397 12,198 11,335 12,152 10,693
Add: Long-term finance lease liabilities (book value) 143 114 129 125
Total equity and debt 238,215 190,870 164,667 150,057 122,010
Less: Cash and cash equivalents 4,664 5,436 2,823 3,754 2,700
Enterprise value (EV) 233,551 185,434 161,844 146,303 119,310

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 Data adjusted for splits and stock dividends.

2 Closing price as at the filing date of Linde plc Annual Report.

3 2023 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 451.20 × 481,576,472

Item Description The company
EV Enterprise value is total company value (the market value of common equity, debt, and preferred equity) minus the value of cash and short-term investments. Linde plc EV increased from 2021 to 2022 and from 2022 to 2023.