Chart Industries Inc Dossier - Source-backed chat

Chart Industries Inc

GTLSNYSE

SectorIndustrials

IndustryIndustrial Machinery

Beta (adjusted)1.35

Intrinsic Value $168.31median of 3 methodsbased on filings through 31 Mar 2026

Market Price $209.90Price as of 15 Jul 2026

OvervaluedIntrinsic value is 20% below the market price

−50% · IV below pricenear fair value ±15%IV above price · +50%

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Market Cap $10B

Enterprise Value $13.6B

Shares Outstanding 48M diluted

Moat Rating None

All prices and values are periodic snapshots, not live quotes. Source dates are shown for reference.

Thesis

Street consensus, scenarios, merits, risks, and invalidation triggers

AI-assisted

Thesis Summary

Chart Industries is no longer an independently investable public equity. Baker Hughes completed the all-cash acquisition on July 16, 2026, after agreeing to pay $210 per Chart share, and Chart now operates as a separate reporting segment within Baker Hughes. The Hold designation is therefore a neutral no-action classification rather than a recommendation to retain a tradable GTLS security. Any continuing investment exposure must be evaluated through Baker Hughes, with the principal Chart-specific checkpoints being delivery of $325 million in annualized cost synergies within three years, preservation of Chart's commercial and operational focus, aftermarket and commercial-synergy realization, and reduction of Baker Hughes' net leverage to 1.0x-1.5x within 24 months.

This section is the 12-month view: analyst targets and the probability-weighted scenarios built from them. The intrinsic value at the top of this page answers a different question: what the business is worth today.

Street view · analyst 12-month targets7 analysts · as of 18 Aug 2026

Low · most bearish analyst$169.00

Mean target$204.43

High · most bullish analyst$212.00

Our research · scenarios, merits, risks, and invalidation triggersResearch as of 2 Sep 2026

Scenarios · 12-month scenario targetsAnchored at research date

Bear CaseDownside scenario

$169.0020%

Integration proves more costly or disruptive than expected, cost synergies fall short of $325 million, customer or employee retention deteriorates, and acquisition-related indebtedness prevents Baker Hughes from reaching its leverage objective. No standalone Chart price target is applicable because former Chart shares were converted into cash at closing.

Base CaseCentral scenario

$204.4360%

Matches the consensus mean

Baker Hughes preserves Chart as a focused reporting segment, substantially delivers the $325 million annualized cost-synergy target within three years and moves net leverage into the stated 1.0x-1.5x range within 24 months. Value accrues through Baker Hughes rather than GTLS.

Bull CaseUpside scenario

$212.0020%

Integration exceeds the stated $325 million annualized cost-synergy objective, commercial synergies add meaningful upside, and Baker Hughes expands service penetration across Chart's installed base without impairing customer relationships or operational focus. No standalone Chart price target is applicable because the acquisition has closed and Chart is no longer independently traded.

Scenarios are anchored to street consensus at the research date, with our probabilities and rationale.

Key Investment Merits

The completed transaction delivered $210 per share in cash to former Chart shareholders, providing the immediate value contemplated by the definitive agreement.
Through Baker Hughes, investors obtain indirect exposure to a Chart reporting segment with air-and-gas-handling, thermal-management and lifecycle-service capabilities serving gas infrastructure, data centers, nuclear, carbon capture, space, geothermal and other industrial markets.
Baker Hughes targets $325 million of annualized cost synergies within three years, with commercial synergies identified as additional potential upside.

Key Investment Risks

Chart has no independently traded public equity following completion of the acquisition, so GTLS-specific valuation, analyst targets and standalone return scenarios are no longer actionable.
Baker Hughes identifies risks that integration may be more difficult, costly or time-consuming than expected and may cause operating disruption, customer loss or difficulty retaining key employees.
The acquisition increased Baker Hughes' indebtedness; realizing value depends partly on sufficient cash flow, successful integration and deleveraging to the stated 1.0x-1.5x net-leverage range.

All scenarios are estimates and subject to change. Past performance is not indicative of future results.

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Explore this dossier

ValuationIntrinsic value, the six-method breakdown, peer medians, and your assumptions sandbox.Financial SnapshotRevenue, profitability, returns, balance sheet, dividends, and the filing-level detail.Qualitative AnalysisBusiness overview, strategic initiatives, and mergers, acquisitions & partnerships.Outlook & Key DatesForward estimates, reporting calendar, and the monitoring framework.