AIR LIQUIDE SA (AI.PA) Stock Fundamental Analysis
EPA:AI - Euronext Paris - Matif - FR0000120073 - Common Stock - Currency: EUR
Taking everything into account, AI scores 6 out of 10 in our fundamental rating. AI was compared to 67 industry peers in the Chemicals industry. AI has an excellent profitability rating, but there are some minor concerns on its financial health. AI is valied quite expensively at the moment, while it does show a decent growth rate.
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.
AI had positive earnings in each of the past 5 years.
AI had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
AI has a Return On Assets of 6.37%. This is in the better half of the industry: AI outperforms 79.10% of its industry peers.
AI has a Return On Equity of 12.31%. This is in the better half of the industry: AI outperforms 77.61% of its industry peers.
AI has a better Return On Invested Capital (9.63%) than 86.57% of its industry peers.
The Average Return On Invested Capital over the past 3 years for AI is above the industry average of 6.29%.
The last Return On Invested Capital (9.63%) for AI is above the 3 year average (9.47%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.37% | ||
| ROE | 12.31% | ||
| ROIC | 9.63% |
ROA(3y)6.1%
ROA(5y)5.92%
ROE(3y)12.2%
ROE(5y)12.34%
ROIC(3y)9.47%
ROIC(5y)8.98%
1.3 Margins
Looking at the Profit Margin, with a value of 12.22%, AI belongs to the top of the industry, outperforming 91.04% of the companies in the same industry.
AI's Profit Margin has improved in the last couple of years.
AI's Operating Margin of 19.93% is amongst the best of the industry. AI outperforms 95.52% of its industry peers.
In the last couple of years the Operating Margin of AI has grown nicely.
With an excellent Gross Margin value of 63.01%, AI belongs to the best of the industry, outperforming 94.03% of the companies in the same industry.
In the last couple of years the Gross Margin of AI has remained more or less at the same level.
| Industry Rank | Sector 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%
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.
The number of shares outstanding for AI remains at a similar level compared to 1 year ago.
The number of shares outstanding for AI has been increased compared to 5 years ago.
Compared to 1 year ago, AI has an improved debt to assets ratio.
2.2 Solvency
AI has an Altman-Z score of 3.86. This indicates that AI is financially healthy and has little risk of bankruptcy at the moment.
AI has a better Altman-Z score (3.86) than 77.61% of its industry peers.
AI has a debt to FCF ratio of 4.43. This is a neutral value as AI would need 4.43 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 4.43, AI belongs to the top of the industry, outperforming 80.60% of the companies in the same industry.
AI has a Debt/Equity ratio of 0.37. This is a healthy value indicating a solid balance between debt and equity.
The Debt to Equity ratio of AI (0.37) is better than 62.69% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.37 | ||
| Debt/FCF | 4.43 | ||
| Altman-Z | 3.86 |
ROIC/WACC1.33
WACC7.23%
2.3 Liquidity
AI has a Current Ratio of 0.88. This is a bad value and indicates that AI is not financially healthy enough and could expect problems in meeting its short term obligations.
The Current ratio of AI (0.88) is worse than 86.57% of its industry peers.
A Quick Ratio of 0.65 indicates that AI may have some problems paying its short term obligations.
AI's Quick ratio of 0.65 is on the low side compared to the rest of the industry. AI is outperformed by 85.07% of its industry peers.
The current and quick ratio evaluation for AI is rather negative, while it does have excellent solvency and profitability. These ratios do not necessarly indicate liquidity issues and need to be evaluated against the specifics of the business.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.88 | ||
| Quick Ratio | 0.65 |
3. Growth
3.1 Past
AI shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 19.88%, which is quite good.
AI shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 11.55% yearly.
The Revenue has decreased by -1.99% in the past 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)19.88%
EPS 3Y12.6%
EPS 5Y11.55%
EPS Q2Q%33.27%
Revenue 1Y (TTM)-1.99%
Revenue growth 3Y5.06%
Revenue growth 5Y4.3%
Sales Q2Q%0.38%
3.2 Future
AI is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 10.15% yearly.
The Revenue is expected to grow by 4.06% on average over the next years.
EPS Next Y9.9%
EPS Next 2Y10.48%
EPS Next 3Y10.45%
EPS Next 5Y10.15%
Revenue Next Year3.69%
Revenue Next 2Y3.9%
Revenue Next 3Y4.39%
Revenue Next 5Y4.06%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 27.19 indicates a quite expensive valuation of AI.
AI's Price/Earnings is on the same level as the industry average.
When comparing the Price/Earnings ratio of AI to the average of the S&P500 Index (27.41), we can say AI is valued inline with the index average.
Based on the Price/Forward Earnings ratio of 24.75, the valuation of AI can be described as rather expensive.
AI's Price/Forward Earnings is on the same level as the industry average.
Compared to an average S&P500 Price/Forward Earnings ratio of 35.19, AI is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 27.19 | ||
| Fwd PE | 24.75 |
4.2 Price Multiples
AI's Enterprise Value to EBITDA is on the same level as the industry average.
AI's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 36.16 | ||
| EV/EBITDA | 14.11 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
AI has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)2.75
PEG (5Y)2.36
EPS Next 2Y10.48%
EPS Next 3Y10.45%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 1.87%, AI has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 2.99, AI has a dividend in line with its industry peers.
Compared to the average S&P500 Dividend Yield of 2.35, AI is paying slightly less dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.87% |
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
5.3 Sustainability
51.97% of the earnings are spent on dividend by AI. 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.
DP51.97%
EPS Next 2Y10.48%
EPS Next 3Y10.45%
EPA:AI (7/14/2025, 5:36:15 PM)
174.86
-0.24 (-0.14%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryChemicals
Earnings (Last)
Earnings (Next)
Inst Owners27.27%
Inst Owner ChangeN/A
Ins Owners0.14%
Ins Owner ChangeN/A
Market Cap101.15B
Analysts78.75
Price Target199.17 (13.9%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.87% |
Yearly Dividend2.98
Dividend Growth(5Y)5.86%
DP51.97%
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)0.13%
PT rev (3m)0.33%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-0.25%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.72%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 27.19 | ||
| Fwd PE | 24.75 | ||
| P/S | 3.74 | ||
| P/FCF | 36.16 | ||
| P/OCF | 16 | ||
| P/B | 3.77 | ||
| P/tB | 9.93 | ||
| EV/EBITDA | 14.11 |
EPS(TTM)6.43
EY3.68%
EPS(NY)7.07
Fwd EY4.04%
FCF(TTM)4.84
FCFY2.77%
OCF(TTM)10.93
OCFY6.25%
SpS46.77
BVpS46.43
TBVpS17.62
PEG (NY)2.75
PEG (5Y)2.36
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.37% | ||
| ROE | 12.31% | ||
| ROCE | 12.72% | ||
| ROIC | 9.63% | ||
| ROICexc | 10.08% | ||
| ROICexgc | 17.03% | ||
| OM | 19.93% | ||
| PM (TTM) | 12.22% | ||
| GM | 63.01% | ||
| FCFM | 10.34% |
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%
ROICexcg growth 3Y3.94%
ROICexcg 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-Score8
Asset Turnover0.52
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.37 | ||
| Debt/FCF | 4.43 | ||
| Debt/EBITDA | 1.25 | ||
| Cap/Depr | 140.72% | ||
| Cap/Sales | 13.03% | ||
| Interest Coverage | 20.46 | ||
| Cash Conversion | 80.06% | ||
| Profit Quality | 84.6% | ||
| Current Ratio | 0.88 | ||
| Quick Ratio | 0.65 | ||
| Altman-Z | 3.86 |
F-Score8
WACC7.23%
ROIC/WACC1.33
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)19.88%
EPS 3Y12.6%
EPS 5Y11.55%
EPS Q2Q%33.27%
EPS Next Y9.9%
EPS Next 2Y10.48%
EPS Next 3Y10.45%
EPS Next 5Y10.15%
Revenue 1Y (TTM)-1.99%
Revenue growth 3Y5.06%
Revenue growth 5Y4.3%
Sales Q2Q%0.38%
Revenue Next Year3.69%
Revenue Next 2Y3.9%
Revenue Next 3Y4.39%
Revenue Next 5Y4.06%
EBIT growth 1Y6.38%
EBIT growth 3Y9.02%
EBIT growth 5Y7.28%
EBIT Next Year58.93%
EBIT Next 3Y22.7%
EBIT Next 5Y15.83%
FCF growth 1Y-2.53%
FCF growth 3Y1.77%
FCF growth 5Y6.15%
OCF growth 1Y0.95%
OCF growth 3Y4.31%
OCF growth 5Y6.05%