AIR LIQUIDE SA (AI.PA) Stock Fundamental Analysis

EPA:AI • FR0000120073

169.4 EUR
+0.5 (+0.3%)
Last: Feb 13, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

5

Taking everything into account, AI scores 5 out of 10 in our fundamental rating. AI was compared to 73 industry peers in the Chemicals industry. While AI belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. While showing a medium growth rate, AI is valued expensive at the moment.


Dividend Valuation Growth Profitability Health

9

1. Profitability

1.1 Basic Checks

  • AI had positive earnings in the past year.
  • AI had a positive operating cash flow in the past year.
  • In the past 5 years AI has always been profitable.
  • In the past 5 years AI always reported a positive cash flow from operatings.
AI.PA Yearly Net Income VS EBIT VS OCF VS FCFAI.PA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B

1.2 Ratios

  • AI's Return On Assets of 6.70% is fine compared to the rest of the industry. AI outperforms 75.34% of its industry peers.
  • The Return On Equity of AI (13.49%) is better than 75.34% of its industry peers.
  • AI's Return On Invested Capital of 9.87% is amongst the best of the industry. AI outperforms 83.56% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for AI is above the industry average of 7.31%.
  • The 3 year average ROIC (9.47%) for AI is below the current ROIC(9.87%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 6.7%
ROE 13.49%
ROIC 9.87%
ROA(3y)6.1%
ROA(5y)5.92%
ROE(3y)12.2%
ROE(5y)12.34%
ROIC(3y)9.47%
ROIC(5y)8.98%
AI.PA Yearly ROA, ROE, ROICAI.PA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2 4 6 8 10

1.3 Margins

  • AI's Profit Margin of 12.22% is amongst the best of the industry. AI outperforms 89.04% of its industry peers.
  • In the last couple of years the Profit Margin of AI has grown nicely.
  • AI's Operating Margin of 19.93% is amongst the best of the industry. AI outperforms 93.15% of its industry peers.
  • AI's Operating Margin has improved in the last couple of years.
  • AI has a better Gross Margin (63.01%) than 93.15% of its industry peers.
  • AI's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 19.93%
PM (TTM) 12.22%
GM 63.01%
OM growth 3Y3.78%
OM growth 5Y2.86%
PM growth 3Y3.49%
PM growth 5Y3.63%
GM growth 3Y1.78%
GM growth 5Y0.07%
AI.PA Yearly Profit, Operating, Gross MarginsAI.PA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 20 40 60

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4

2. Health

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so AI is still creating some value.
  • AI has about the same amout of shares outstanding than it did 1 year ago.
  • Compared to 5 years ago, AI has more shares outstanding
  • Compared to 1 year ago, AI has an improved debt to assets ratio.
AI.PA Yearly Shares OutstandingAI.PA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M 500M
AI.PA Yearly Total Debt VS Total AssetsAI.PA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 10B 20B 30B 40B 50B

2.2 Solvency

  • An Altman-Z score of 3.79 indicates that AI is not in any danger for bankruptcy at the moment.
  • Looking at the Altman-Z score, with a value of 3.79, AI is in the better half of the industry, outperforming 79.45% of the companies in the same industry.
  • The Debt to FCF ratio of AI is 4.60, which is a neutral value as it means it would take AI, 4.60 years of fcf income to pay off all of its debts.
  • AI's Debt to FCF ratio of 4.60 is fine compared to the rest of the industry. AI outperforms 76.71% of its industry peers.
  • A Debt/Equity ratio of 0.47 indicates that AI is not too dependend on debt financing.
  • With a Debt to Equity ratio value of 0.47, AI perfoms like the industry average, outperforming 46.58% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.47
Debt/FCF 4.6
Altman-Z 3.79
ROIC/WACC1.32
WACC7.47%
AI.PA Yearly LT Debt VS Equity VS FCFAI.PA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B 15B 20B 25B

2.3 Liquidity

  • A Current Ratio of 0.84 indicates that AI may have some problems paying its short term obligations.
  • Looking at the Current ratio, with a value of 0.84, AI is doing worse than 84.93% of the companies in the same industry.
  • A Quick Ratio of 0.61 indicates that AI may have some problems paying its short term obligations.
  • AI's Quick ratio of 0.61 is on the low side compared to the rest of the industry. AI is outperformed by 82.19% of its industry peers.
Industry RankSector Rank
Current Ratio 0.84
Quick Ratio 0.61
AI.PA Yearly Current Assets VS Current LiabilitesAI.PA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. Growth

3.1 Past

  • AI shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 11.10%, which is quite good.
  • The Earnings Per Share has been growing by 11.55% on average over the past years. This is quite good.
  • Looking at the last year, AI shows a decrease in Revenue. The Revenue has decreased by -1.99% in the last year.
  • AI shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 4.30% yearly.
EPS 1Y (TTM)11.1%
EPS 3Y12.6%
EPS 5Y11.55%
EPS Q2Q%-4.88%
Revenue 1Y (TTM)-1.99%
Revenue growth 3Y5.06%
Revenue growth 5Y4.3%
Sales Q2Q%2.94%

3.2 Future

  • Based on estimates for the next years, AI will show a quite strong growth in Earnings Per Share. The EPS will grow by 10.14% on average per year.
  • The Revenue is expected to grow by 3.85% on average over the next years.
EPS Next Y3.85%
EPS Next 2Y7.33%
EPS Next 3Y8.28%
EPS Next 5Y10.14%
Revenue Next Year0.45%
Revenue Next 2Y2.29%
Revenue Next 3Y3.29%
Revenue Next 5Y3.85%

3.3 Evolution

  • The EPS growth rate is stable: in the next years the growth will be about the same than in the last years.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
AI.PA Yearly Revenue VS EstimatesAI.PA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 10B 20B 30B
AI.PA Yearly EPS VS EstimatesAI.PA Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2 4 6 8 10

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Find the best growth stocksShow best growing peers

2

4. Valuation

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 27.02, the valuation of AI can be described as expensive.
  • Compared to the rest of the industry, the Price/Earnings ratio of AI is on the same level as its industry peers.
  • The average S&P500 Price/Earnings ratio is at 27.97. AI is around the same levels.
  • The Price/Forward Earnings ratio is 22.87, which indicates a rather expensive current valuation of AI.
  • AI's Price/Forward Earnings is on the same level as the industry average.
  • The average S&P500 Price/Forward Earnings ratio is at 27.96. AI is around the same levels.
Industry RankSector Rank
PE 27.02
Fwd PE 22.87
AI.PA Price Earnings VS Forward Price EarningsAI.PA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, AI is valued a bit more expensive than 61.64% of the companies in the same industry.
  • AI's Price/Free Cash Flow ratio is in line with the industry average.
Industry RankSector Rank
P/FCF 35.65
EV/EBITDA 13.43
AI.PA Per share dataAI.PA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30 40

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates AI does not grow enough to justify the current Price/Earnings ratio.
  • The excellent profitability rating of AI may justify a higher PE ratio.
PEG (NY)7.02
PEG (5Y)2.34
EPS Next 2Y7.33%
EPS Next 3Y8.28%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

4

5. Dividend

5.1 Amount

  • AI has a Yearly Dividend Yield of 1.97%. Purely for dividend investing, there may be better candidates out there.
  • Compared to an average industry Dividend Yield of 2.26, AI has a dividend in line with its industry peers.
  • AI's Dividend Yield is comparable with the S&P500 average which is at 1.79.
Industry RankSector Rank
Dividend Yield 1.97%

5.2 History

  • The dividend of AI has a limited annual growth rate of 5.86%.
Dividend Growth(5Y)5.86%
Div Incr Years6
Div Non Decr Years6
AI.PA Yearly Dividends per shareAI.PA Yearly Dividends per shareYearly Dividends per share 2019 2020 2021 2022 2023 2024 2025 1 2 3

5.3 Sustainability

  • AI pays out 59.10% of its income as dividend. This is a bit on the high side, but may be sustainable.
  • AI's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP59.1%
EPS Next 2Y7.33%
EPS Next 3Y8.28%
AI.PA Yearly Income VS Free CF VS DividendAI.PA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B
AI.PA Dividend Payout.AI.PA Dividend Payout, showing the Payout Ratio.AI.PA Dividend Payout.PayoutRetained Earnings

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AIR LIQUIDE SA

EPA:AI (2/13/2026, 7:00:00 PM)

169.4

+0.5 (+0.3%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryChemicals
Earnings (Last)10-21
Earnings (Next)02-20
Inst Owners27.85%
Inst Owner ChangeN/A
Ins Owners0.14%
Ins Owner ChangeN/A
Market Cap98.00B
Revenue(TTM)27.06B
Net Income(TTM)3.31B
Analysts81.29
Price Target200.11 (18.13%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 1.97%
Yearly Dividend2.98
Dividend Growth(5Y)5.86%
DP59.1%
Div Incr Years6
Div Non Decr Years6
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)-1.13%
PT rev (3m)-0.68%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-0.74%
EPS NY rev (3m)-0.81%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.04%
Valuation
Industry RankSector Rank
PE 27.02
Fwd PE 22.87
P/S 3.62
P/FCF 35.65
P/OCF 15.19
P/B 4
P/tB 10.71
EV/EBITDA 13.43
EPS(TTM)6.27
EY3.7%
EPS(NY)7.41
Fwd EY4.37%
FCF(TTM)4.75
FCFY2.8%
OCF(TTM)11.16
OCFY6.59%
SpS46.77
BVpS42.37
TBVpS15.81
PEG (NY)7.02
PEG (5Y)2.34
Graham Number77.32
Profitability
Industry RankSector Rank
ROA 6.7%
ROE 13.49%
ROCE 13.55%
ROIC 9.87%
ROICexc 10.27%
ROICexgc 16.67%
OM 19.93%
PM (TTM) 12.22%
GM 63.01%
FCFM 10.16%
ROA(3y)6.1%
ROA(5y)5.92%
ROE(3y)12.2%
ROE(5y)12.34%
ROIC(3y)9.47%
ROIC(5y)8.98%
ROICexc(3y)9.91%
ROICexc(5y)9.43%
ROICexgc(3y)16.92%
ROICexgc(5y)16.28%
ROCE(3y)12.5%
ROCE(5y)11.85%
ROICexgc growth 3Y3.94%
ROICexgc growth 5Y3.85%
ROICexc growth 3Y4.91%
ROICexc growth 5Y4.63%
OM growth 3Y3.78%
OM growth 5Y2.86%
PM growth 3Y3.49%
PM growth 5Y3.63%
GM growth 3Y1.78%
GM growth 5Y0.07%
F-Score7
Asset Turnover0.55
Health
Industry RankSector Rank
Debt/Equity 0.47
Debt/FCF 4.6
Debt/EBITDA 1.45
Cap/Depr 144.46%
Cap/Sales 13.69%
Interest Coverage 20.73
Cash Conversion 81.12%
Profit Quality 83.14%
Current Ratio 0.84
Quick Ratio 0.61
Altman-Z 3.79
F-Score7
WACC7.47%
ROIC/WACC1.32
Cap/Depr(3y)136.72%
Cap/Depr(5y)133.49%
Cap/Sales(3y)12.08%
Cap/Sales(5y)12.32%
Profit Quality(3y)89.93%
Profit Quality(5y)95.75%
High Growth Momentum
Growth
EPS 1Y (TTM)11.1%
EPS 3Y12.6%
EPS 5Y11.55%
EPS Q2Q%-4.88%
EPS Next Y3.85%
EPS Next 2Y7.33%
EPS Next 3Y8.28%
EPS Next 5Y10.14%
Revenue 1Y (TTM)-1.99%
Revenue growth 3Y5.06%
Revenue growth 5Y4.3%
Sales Q2Q%2.94%
Revenue Next Year0.45%
Revenue Next 2Y2.29%
Revenue Next 3Y3.29%
Revenue Next 5Y3.85%
EBIT growth 1Y6.38%
EBIT growth 3Y9.02%
EBIT growth 5Y7.28%
EBIT Next Year55.06%
EBIT Next 3Y21.81%
EBIT Next 5Y15.89%
FCF growth 1Y-11.8%
FCF growth 3Y1.77%
FCF growth 5Y6.15%
OCF growth 1Y-1.16%
OCF growth 3Y4.31%
OCF growth 5Y6.05%

AIR LIQUIDE SA / AI.PA FAQ

What is the ChartMill fundamental rating of AIR LIQUIDE SA (AI.PA) stock?

ChartMill assigns a fundamental rating of 5 / 10 to AI.PA.


What is the valuation status for AI stock?

ChartMill assigns a valuation rating of 2 / 10 to AIR LIQUIDE SA (AI.PA). This can be considered as Overvalued.


Can you provide the profitability details for AIR LIQUIDE SA?

AIR LIQUIDE SA (AI.PA) has a profitability rating of 9 / 10.


What is the financial health of AIR LIQUIDE SA (AI.PA) stock?

The financial health rating of AIR LIQUIDE SA (AI.PA) is 4 / 10.


What is the earnings growth outlook for AIR LIQUIDE SA?

The Earnings per Share (EPS) of AIR LIQUIDE SA (AI.PA) is expected to grow by 3.85% in the next year.