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Linde (BUD:LINDEPLC) Cyclically Adjusted Price-to-FCF : 54.56 (As of May. 26, 2024)


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What is Linde Cyclically Adjusted Price-to-FCF?

As of today (2024-05-26), Linde's current share price is Ft121430.00. Linde's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was Ft2,225.55. Linde's Cyclically Adjusted Price-to-FCF for today is 54.56.

The historical rank and industry rank for Linde's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

BUD:LINDEPLC' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 37.65   Med: 48.74   Max: 61.62
Current: 51.18

During the past years, Linde's highest Cyclically Adjusted Price-to-FCF was 61.62. The lowest was 37.65. And the median was 48.74.

BUD:LINDEPLC's Cyclically Adjusted Price-to-FCF is ranked worse than
70.64% of 562 companies
in the Chemicals industry
Industry Median: 24.7 vs BUD:LINDEPLC: 51.18

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Linde's adjusted free cash flow per share data for the three months ended in Mar. 2024 was Ft660.593. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is Ft2,225.55 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Linde Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Linde's Cyclically Adjusted Price-to-FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Linde Cyclically Adjusted Price-to-FCF Chart

Linde Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 53.15 56.99 57.90 44.91 49.86

Linde Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Price-to-FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 46.76 48.11 45.74 49.86 54.56

Competitive Comparison of Linde's Cyclically Adjusted Price-to-FCF

For the Specialty Chemicals subindustry, Linde's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Linde's Cyclically Adjusted Price-to-FCF Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Linde's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Linde's Cyclically Adjusted Price-to-FCF falls into.



Linde Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Linde's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=121430.00/2225.55
=54.56

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Linde's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Linde's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=660.593/131.7762*131.7762
=660.593

Current CPI (Mar. 2024) = 131.7762.

Linde Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 553.862 100.560 725.797
201409 339.383 100.428 445.321
201412 372.490 99.070 495.462
201503 134.752 99.621 178.246
201506 449.133 100.684 587.830
201509 333.960 100.392 438.364
201512 498.894 99.792 658.791
201603 284.073 100.470 372.588
201606 429.460 101.688 556.531
201609 506.160 101.861 654.812
201612 409.600 101.863 529.885
201703 471.860 102.862 604.497
201706 461.388 103.349 588.297
201709 580.274 104.136 734.296
201712 604.942 104.011 766.427
201803 441.953 105.290 553.131
201806 534.301 106.317 662.249
201809 596.350 106.507 737.838
201812 402.513 105.998 500.403
201903 185.687 107.251 228.149
201906 95.239 108.070 116.131
201909 592.689 108.329 720.971
201912 759.600 108.420 923.235
202003 360.046 108.902 435.673
202006 656.518 108.767 795.399
202009 732.265 109.815 878.707
202012 940.896 109.897 1,128.219
202103 905.096 111.754 1,067.252
202106 732.157 114.631 841.662
202109 1,235.619 115.734 1,406.888
202112 1,641.041 117.630 1,838.401
202203 935.327 121.301 1,016.099
202206 915.863 125.017 965.382
202209 1,323.971 125.227 1,393.218
202212 823.816 125.222 866.936
202303 770.728 127.348 797.529
202306 926.133 128.729 948.058
202309 1,133.395 129.860 1,150.124
202312 1,142.367 129.419 1,163.170
202403 660.593 131.776 660.593

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Linde  (BUD:LINDEPLC) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Linde Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of Linde's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Linde (BUD:LINDEPLC) Business Description

Industry
Traded in Other Exchanges
Address
10 Riverview Drive, Danbury, CT, USA, 06810
Linde is the largest industrial gas supplier in the world, with operations in over 100 countries. The firm's main products are atmospheric gases (including oxygen, nitrogen, and argon) and process gases (including hydrogen, carbon dioxide, and helium), as well as equipment used in industrial gas production. Linde serves a wide variety of end markets, including chemicals, manufacturing, healthcare, and steelmaking. Linde generated approximately $33 billion in revenue and $5.4 billion in GAAP operating profit in 2022.

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