AIR LIQUIDE SA (AI.PA) Stock Fundamental Analysis
EPA:AI - Euronext Paris - Matif - FR0000120073 - Common Stock - Currency: EUR
Taking everything into account, AI scores 5 out of 10 in our fundamental rating. AI was compared to 69 industry peers in the Chemicals industry. AI scores excellent on profitability, but there are some minor concerns on its financial health. While showing a medium growth rate, AI is valued expensive at the moment.
1. Profitability
1.1 Basic Checks
In the past year AI was profitable.
AI had a positive operating cash flow in the past year.
AI had positive earnings in each of the past 5 years.
In the past 5 years AI always reported a positive cash flow from operatings.
1.2 Ratios
AI has a Return On Assets of 6.37%. This is in the better half of the industry: AI outperforms 76.81% of its industry peers.
The Return On Equity of AI (12.31%) is better than 76.81% of its industry peers.
The Return On Invested Capital of AI (9.63%) is better than 84.06% of its industry peers.
The Average Return On Invested Capital over the past 3 years for AI is above the industry average of 6.66%.
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
The Profit Margin of AI (12.22%) is better than 89.86% of its industry peers.
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 94.20% of its industry peers.
In the last couple of years the Operating Margin of AI has grown nicely.
AI's Gross Margin of 63.01% is amongst the best of the industry. AI outperforms 94.20% of its industry peers.
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
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), AI is creating some value.
AI has about the same amout of shares outstanding than it did 1 year ago.
AI has more shares outstanding than it did 5 years ago.
AI has a better debt/assets ratio than last year.
2.2 Solvency
AI has an Altman-Z score of 3.96. This indicates that AI is financially healthy and has little risk of bankruptcy at the moment.
The Altman-Z score of AI (3.96) is better than 78.26% of its industry peers.
The Debt to FCF ratio of AI is 4.43, which is a neutral value as it means it would take AI, 4.43 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 4.43, AI is in the better half of the industry, outperforming 78.26% of the companies in the same industry.
A Debt/Equity ratio of 0.37 indicates that AI is not too dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.37, AI is in the better half of the industry, outperforming 60.87% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.37 | ||
| Debt/FCF | 4.43 | ||
| Altman-Z | 3.96 |
ROIC/WACC1.32
WACC7.28%
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 88.41% 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 86.96% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.88 | ||
| Quick Ratio | 0.65 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 19.88% over the past year.
Measured over the past years, AI shows a quite strong growth in Earnings Per Share. The EPS has been growing by 11.55% on average per year.
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
Based on estimates for the next years, AI will show a quite strong growth in Earnings Per Share. The EPS will grow by 10.39% on average per year.
Based on estimates for the next years, AI will show a small growth in Revenue. The Revenue will grow by 4.18% on average per year.
EPS Next Y9.9%
EPS Next 2Y10.48%
EPS Next 3Y10.45%
EPS Next 5Y10.39%
Revenue Next Year3.69%
Revenue Next 2Y3.9%
Revenue Next 3Y4.39%
Revenue Next 5Y4.18%
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
Based on the Price/Earnings ratio of 28.22, 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 26.32. AI is around the same levels.
With a Price/Forward Earnings ratio of 25.68, AI can be considered very expensive at the moment.
AI's Price/Forward Earnings ratio is in line with the industry average.
When comparing the Price/Forward Earnings ratio of AI to the average of the S&P500 Index (22.19), we can say AI is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 28.22 | ||
| Fwd PE | 25.68 |
4.2 Price Multiples
AI's Enterprise Value to EBITDA is on the same level as the industry average.
The rest of the industry has a similar Price/Free Cash Flow ratio as AI.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 37.53 | ||
| EV/EBITDA | 14.63 |
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)2.85
PEG (5Y)2.44
EPS Next 2Y10.48%
EPS Next 3Y10.45%
5. Dividend
5.1 Amount
AI has a Yearly Dividend Yield of 1.79%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 3.00, AI has a dividend in line with its industry peers.
Compared to the average S&P500 Dividend Yield of 2.40, AI is paying slightly less dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.79% |
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 (6/18/2025, 4:21:10 PM)
181.48
-0.76 (-0.42%)
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 Cap104.98B
Analysts80.63
Price Target198.91 (9.6%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.79% |
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)0.34%
PT rev (3m)1.28%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)0.08%
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 | 28.22 | ||
| Fwd PE | 25.68 | ||
| P/S | 3.88 | ||
| P/FCF | 37.53 | ||
| P/OCF | 16.6 | ||
| P/B | 3.91 | ||
| P/tB | 10.3 | ||
| EV/EBITDA | 14.63 |
EPS(TTM)6.43
EY3.54%
EPS(NY)7.07
Fwd EY3.89%
FCF(TTM)4.84
FCFY2.66%
OCF(TTM)10.93
OCFY6.02%
SpS46.78
BVpS46.44
TBVpS17.62
PEG (NY)2.85
PEG (5Y)2.44
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 | 3.96 |
F-Score8
WACC7.28%
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)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 5Y10.39%
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 5Y4.18%
EBIT growth 1Y6.38%
EBIT growth 3Y9.02%
EBIT growth 5Y7.28%
EBIT Next Year58.93%
EBIT Next 3Y22.7%
EBIT Next 5Y15.97%
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%