AIR LIQUIDE SA (AI.PA) Stock Fundamental Analysis
EPA:AI - FR0000120073 - Common Stock
176.22 EUR
-1.18 (-0.67%)
Overall AI gets a fundamental rating of 6 out of 10. We evaluated AI against 69 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. AI is quite expensive at the moment. It does show a decent growth rate.
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
Looking at the Return On Assets, with a value of 6.70%, AI is in the better half of the industry, outperforming 78.26% of the companies in the same industry.
AI has a better Return On Equity (13.49%) than 76.81% of its industry peers.
With an excellent Return On Invested Capital value of 9.87%, AI belongs to the best of the industry, outperforming 85.51% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for AI is above the industry average of 6.71%.
The last Return On Invested Capital (9.87%) for AI is above the 3 year average (9.47%), which is a sign of increasing profitability.
| Industry Rank | Sector 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%
1.3 Margins
AI has a better Profit Margin (12.22%) than 91.30% 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 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.
Compared to 1 year ago, AI has about the same amount of shares outstanding.
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 3.91. This indicates that AI is financially healthy and has little risk of bankruptcy at the moment.
AI has a Altman-Z score of 3.91. This is amongst the best in the industry. AI outperforms 81.16% of its industry peers.
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.
Looking at the Debt to FCF ratio, with a value of 4.60, AI belongs to the top of the industry, outperforming 84.06% of the companies in the same industry.
AI has a Debt/Equity ratio of 0.47. This is a healthy value indicating a solid balance between debt and equity.
AI has a Debt to Equity ratio of 0.47. This is comparable to the rest of the industry: AI outperforms 52.17% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.47 | ||
| Debt/FCF | 4.6 | ||
| Altman-Z | 3.91 |
ROIC/WACC1.37
WACC7.21%
2.3 Liquidity
A Current Ratio of 0.84 indicates that AI may have some problems paying its short term obligations.
AI's Current ratio of 0.84 is on the low side compared to the rest of the industry. AI is outperformed by 88.41% of its industry peers.
A Quick Ratio of 0.61 indicates that AI may have some problems paying its short term obligations.
AI has a worse Quick ratio (0.61) than 88.41% 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 | 0.84 | ||
| Quick Ratio | 0.61 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 11.10% 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.
Looking at the last year, AI shows a decrease in Revenue. The Revenue has decreased by -1.99% in the last year.
Measured over the past years, AI shows a small growth in Revenue. The Revenue has been growing by 4.30% on average per year.
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
AI is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 9.14% yearly.
Based on estimates for the next years, AI will show a small growth in Revenue. The Revenue will grow by 3.83% on average per year.
EPS Next Y5.81%
EPS Next 2Y9.11%
EPS Next 3Y9.27%
EPS Next 5Y9.14%
Revenue Next Year1.47%
Revenue Next 2Y3.02%
Revenue Next 3Y3.67%
Revenue Next 5Y3.83%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less 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.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 28.11, AI can be considered very expensive at the moment.
AI's Price/Earnings ratio is in line with the industry average.
The average S&P500 Price/Earnings ratio is at 27.08. AI is around the same levels.
AI is valuated rather expensively with a Price/Forward Earnings ratio of 23.02.
The rest of the industry has a similar Price/Forward Earnings ratio as AI.
When comparing the Price/Forward Earnings ratio of AI to the average of the S&P500 Index (22.72), we can say AI is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 28.11 | ||
| Fwd PE | 23.02 |
4.2 Price Multiples
AI's Enterprise Value to EBITDA ratio is in line with the industry average.
AI's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 37.08 | ||
| EV/EBITDA | 14.04 |
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)4.84
PEG (5Y)2.43
EPS Next 2Y9.11%
EPS Next 3Y9.27%
5. Dividend
5.1 Amount
AI has a Yearly Dividend Yield of 1.80%. Purely for dividend investing, there may be better candidates out there.
AI's Dividend Yield is comparable with the industry average which is at 3.06.
Compared to the average S&P500 Dividend Yield of 2.34, AI is paying slightly less dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.8% |
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
AI pays out 59.10% of its income as dividend. This is a bit on the high side, but may be sustainable.
The dividend of AI is growing, but earnings are growing more, so the dividend growth is sustainable.
DP59.1%
EPS Next 2Y9.11%
EPS Next 3Y9.27%
EPA:AI (8/29/2025, 7:00:00 PM)
176.22
-1.18 (-0.67%)
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 Cap101.94B
Analysts80
Price Target199.14 (13.01%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.8% |
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)0.45%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-3.72%
EPS NY rev (3m)-3.72%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-2.14%
Revenue NY rev (3m)-2.14%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 28.11 | ||
| Fwd PE | 23.02 | ||
| P/S | 3.77 | ||
| P/FCF | 37.08 | ||
| P/OCF | 15.79 | ||
| P/B | 4.16 | ||
| P/tB | 11.15 | ||
| EV/EBITDA | 14.04 |
EPS(TTM)6.27
EY3.56%
EPS(NY)7.66
Fwd EY4.34%
FCF(TTM)4.75
FCFY2.7%
OCF(TTM)11.16
OCFY6.33%
SpS46.77
BVpS42.38
TBVpS15.81
PEG (NY)4.84
PEG (5Y)2.43
Profitability
| Industry Rank | Sector 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%
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-Score7
Asset Turnover0.55
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.47 | ||
| Debt/FCF | 4.6 | ||
| Debt/EBITDA | 1.45 | ||
| Cap/Depr | 144.44% | ||
| Cap/Sales | 13.69% | ||
| Interest Coverage | 20.74 | ||
| Cash Conversion | 81.12% | ||
| Profit Quality | 83.16% | ||
| Current Ratio | 0.84 | ||
| Quick Ratio | 0.61 | ||
| Altman-Z | 3.91 |
F-Score7
WACC7.21%
ROIC/WACC1.37
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 Y5.81%
EPS Next 2Y9.11%
EPS Next 3Y9.27%
EPS Next 5Y9.14%
Revenue 1Y (TTM)-1.99%
Revenue growth 3Y5.06%
Revenue growth 5Y4.3%
Sales Q2Q%2.94%
Revenue Next Year1.47%
Revenue Next 2Y3.02%
Revenue Next 3Y3.67%
Revenue Next 5Y3.83%
EBIT growth 1Y6.38%
EBIT growth 3Y9.02%
EBIT growth 5Y7.28%
EBIT Next Year58.93%
EBIT Next 3Y22.7%
EBIT Next 5Y15.8%
FCF growth 1Y-11.78%
FCF growth 3Y1.77%
FCF growth 5Y6.15%
OCF growth 1Y-1.15%
OCF growth 3Y4.31%
OCF growth 5Y6.05%