Report
Baptiste Lebacq ...
  • Michael B. Schäfer

Linde plc : Q2 2024 EPS >1.5% expectations, guidance confirmed (and tightened towards the upper end)

>Underperform recommendation maintained, TP of $ 381 - Following the Q2 results publication and the conference call, we have adjusted our EPS guidance slightly upwards (mainly for 2024, to factor in the tighter guidance).We are expecting average annual growth in FCF of 5% over 2023-2026e (factoring in, notably, efforts on capex for the energy transition) and a slowdown in average EPS growth to 7.7% over 2023-2026e vs +19.9% over 2020-2023.We reiterate our U...
Underlying
LINDE PUBLIC LIMITED COMPANY

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Baptiste Lebacq

Michael B. Schäfer

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