AIR PRODUCTS & CHEMICALS INC (AP3.DE) Stock Fundamental Analysis
Europe - FRA:AP3 - US0091581068 - Common Stock
217.8 EUR
-1.7 (-0.77%)
Overall AP3 gets a fundamental rating of 4 out of 10. We evaluated AP3 against 66 industry peers in the Chemicals industry. AP3 has an excellent profitability rating, but there are concerns on its financial health. AP3 is valued expensive and it does not seem to be growing.
1. Profitability
1.1 Basic Checks
AP3 had positive earnings in the past year.
AP3 had a positive operating cash flow in the past year.
AP3 had positive earnings in each of the past 5 years.
Each year in the past 5 years AP3 had a positive operating cash flow.
1.2 Ratios
AP3 has a Return On Assets of 3.72%. This is in the better half of the industry: AP3 outperforms 65.15% of its industry peers.
AP3 has a Return On Equity of 9.98%. This is in the better half of the industry: AP3 outperforms 71.21% of its industry peers.
With a decent Return On Invested Capital value of 6.24%, AP3 is doing good in the industry, outperforming 65.15% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for AP3 is in line with the industry average of 7.02%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.72% | ||
| ROE | 9.98% | ||
| ROIC | 6.24% |
ROA(3y)8.39%
ROA(5y)8.09%
ROE(3y)18.57%
ROE(5y)17.37%
ROIC(3y)7.56%
ROIC(5y)7.62%
1.3 Margins
AP3 has a Profit Margin of 12.86%. This is amongst the best in the industry. AP3 outperforms 93.94% of its industry peers.
AP3's Profit Margin has improved in the last couple of years.
The Operating Margin of AP3 (24.01%) is better than 96.97% of its industry peers.
In the last couple of years the Operating Margin of AP3 has remained more or less at the same level.
AP3 has a Gross Margin (31.87%) which is comparable to the rest of the industry.
AP3's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 24.01% | ||
| PM (TTM) | 12.86% | ||
| GM | 31.87% |
OM growth 3Y3.42%
OM growth 5Y-0.02%
PM growth 3Y15.88%
PM growth 5Y9.9%
GM growth 3Y2.26%
GM growth 5Y-0.31%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), AP3 is destroying value.
The number of shares outstanding for AP3 remains at a similar level compared to 1 year ago.
AP3 has more shares outstanding than it did 5 years ago.
The debt/assets ratio for AP3 is higher compared to a year ago.
2.2 Solvency
An Altman-Z score of 2.45 indicates that AP3 is not a great score, but indicates only limited risk for bankruptcy at the moment.
AP3 has a Altman-Z score (2.45) which is comparable to the rest of the industry.
A Debt/Equity ratio of 1.09 is on the high side and indicates that AP3 has dependencies on debt financing.
AP3 has a Debt to Equity ratio of 1.09. This is amonst the worse of the industry: AP3 underperforms 81.82% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.09 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 2.45 |
ROIC/WACC0.81
WACC7.71%
2.3 Liquidity
A Current Ratio of 1.29 indicates that AP3 should not have too much problems paying its short term obligations.
AP3's Current ratio of 1.29 is on the low side compared to the rest of the industry. AP3 is outperformed by 77.27% of its industry peers.
A Quick Ratio of 1.12 indicates that AP3 should not have too much problems paying its short term obligations.
AP3's Quick ratio of 1.12 is in line compared to the rest of the industry. AP3 outperforms 50.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.29 | ||
| Quick Ratio | 1.12 |
3. Growth
3.1 Past
AP3 shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 1.50%.
Measured over the past years, AP3 shows a quite strong growth in Earnings Per Share. The EPS has been growing by 8.62% on average per year.
Looking at the last year, AP3 shows a decrease in Revenue. The Revenue has decreased by -0.38% in the last year.
Measured over the past years, AP3 shows a small growth in Revenue. The Revenue has been growing by 6.29% on average per year.
EPS 1Y (TTM)1.5%
EPS 3Y11.28%
EPS 5Y8.62%
EPS Q2Q%-3.44%
Revenue 1Y (TTM)-0.38%
Revenue growth 3Y5.44%
Revenue growth 5Y6.29%
Sales Q2Q%1.25%
3.2 Future
AP3 is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 6.37% yearly.
The Revenue is expected to grow by 5.98% on average over the next years.
EPS Next Y-2.39%
EPS Next 2Y2.5%
EPS Next 3Y4.56%
EPS Next 5Y6.37%
Revenue Next Year-0.98%
Revenue Next 2Y1.77%
Revenue Next 3Y3.07%
Revenue Next 5Y5.98%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
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
With a Price/Earnings ratio of 20.70, AP3 is valued on the expensive side.
AP3's Price/Earnings ratio is in line with the industry average.
When comparing the Price/Earnings ratio of AP3 to the average of the S&P500 Index (26.91), we can say AP3 is valued slightly cheaper.
A Price/Forward Earnings ratio of 19.33 indicates a rather expensive valuation of AP3.
Compared to the rest of the industry, the Price/Forward Earnings ratio of AP3 is on the same level as its industry peers.
AP3's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 22.92.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.7 | ||
| Fwd PE | 19.33 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, AP3 is valued a bit more expensive than the industry average as 65.15% of the companies are valued more cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 16.04 |
4.3 Compensation for Growth
The decent profitability rating of AP3 may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)2.4
EPS Next 2Y2.5%
EPS Next 3Y4.56%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.83%, AP3 has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 3.14, AP3 pays a bit more dividend than its industry peers.
AP3's Dividend Yield is a higher than the S&P500 average which is at 2.34.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.83% |
5.2 History
On average, the dividend of AP3 grows each year by 9.29%, which is quite nice.
Dividend Growth(5Y)9.29%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
AP3 pays out 101.85% of its income as dividend. This is not a sustainable payout ratio.
AP3's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP101.85%
EPS Next 2Y2.5%
EPS Next 3Y4.56%
FRA:AP3 (10/23/2025, 7:00:00 PM)
217.8
-1.7 (-0.77%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryChemicals
Earnings (Last)
Earnings (Next)
Inst Owners94.38%
Inst Owner ChangeN/A
Ins Owners0.03%
Ins Owner ChangeN/A
Market Cap48.47B
Revenue(TTM)12.06B
Net Income(TTM)1.55B
Analysts75.86
Price Target284.87 (30.79%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.83% |
Yearly Dividend6.03
Dividend Growth(5Y)9.29%
DP101.85%
Div Incr Years1
Div Non Decr Years1
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-1.82%
Min EPS beat(2)-5.81%
Max EPS beat(2)2.18%
EPS beat(4)2
Avg EPS beat(4)-0.74%
Min EPS beat(4)-5.81%
Max EPS beat(4)2.18%
EPS beat(8)5
Avg EPS beat(8)-0.1%
EPS beat(12)8
Avg EPS beat(12)0.28%
EPS beat(16)9
Avg EPS beat(16)0.14%
Revenue beat(2)1
Avg Revenue beat(2)-0.35%
Min Revenue beat(2)-1.31%
Max Revenue beat(2)0.62%
Revenue beat(4)1
Avg Revenue beat(4)-0.93%
Min Revenue beat(4)-1.8%
Max Revenue beat(4)0.62%
Revenue beat(8)1
Avg Revenue beat(8)-2.97%
Revenue beat(12)3
Avg Revenue beat(12)-1.98%
Revenue beat(16)6
Avg Revenue beat(16)-0.52%
PT rev (1m)0.99%
PT rev (3m)-1.58%
EPS NQ rev (1m)-0.09%
EPS NQ rev (3m)-2.88%
EPS NY rev (1m)0%
EPS NY rev (3m)0.12%
Revenue NQ rev (1m)-0.09%
Revenue NQ rev (3m)-0.19%
Revenue NY rev (1m)0.01%
Revenue NY rev (3m)0.4%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.7 | ||
| Fwd PE | 19.33 | ||
| P/S | 4.66 | ||
| P/FCF | N/A | ||
| P/OCF | 19.03 | ||
| P/B | 3.62 | ||
| P/tB | 3.94 | ||
| EV/EBITDA | 16.04 |
EPS(TTM)10.52
EY4.83%
EPS(NY)11.27
Fwd EY5.17%
FCF(TTM)-17.94
FCFYN/A
OCF(TTM)11.44
OCFY5.25%
SpS46.74
BVpS60.22
TBVpS55.29
PEG (NY)N/A
PEG (5Y)2.4
Graham Number119.39
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.72% | ||
| ROE | 9.98% | ||
| ROCE | 7.84% | ||
| ROIC | 6.24% | ||
| ROICexc | 6.65% | ||
| ROICexgc | 6.9% | ||
| OM | 24.01% | ||
| PM (TTM) | 12.86% | ||
| GM | 31.87% | ||
| FCFM | N/A |
ROA(3y)8.39%
ROA(5y)8.09%
ROE(3y)18.57%
ROE(5y)17.37%
ROIC(3y)7.56%
ROIC(5y)7.62%
ROICexc(3y)8.39%
ROICexc(5y)9.21%
ROICexgc(3y)8.81%
ROICexgc(5y)9.81%
ROCE(3y)9.41%
ROCE(5y)9.47%
ROICexgc growth 3Y-11.13%
ROICexgc growth 5Y-10.1%
ROICexc growth 3Y-10.01%
ROICexc growth 5Y-9.24%
OM growth 3Y3.42%
OM growth 5Y-0.02%
PM growth 3Y15.88%
PM growth 5Y9.9%
GM growth 3Y2.26%
GM growth 5Y-0.31%
F-Score5
Asset Turnover0.29
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.09 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 3.84 | ||
| Cap/Depr | 494.72% | ||
| Cap/Sales | 62.86% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 66.7% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.29 | ||
| Quick Ratio | 1.12 | ||
| Altman-Z | 2.45 |
F-Score5
WACC7.71%
ROIC/WACC0.81
Cap/Depr(3y)342.56%
Cap/Depr(5y)285.18%
Cap/Sales(3y)38.64%
Cap/Sales(5y)33.63%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)1.5%
EPS 3Y11.28%
EPS 5Y8.62%
EPS Q2Q%-3.44%
EPS Next Y-2.39%
EPS Next 2Y2.5%
EPS Next 3Y4.56%
EPS Next 5Y6.37%
Revenue 1Y (TTM)-0.38%
Revenue growth 3Y5.44%
Revenue growth 5Y6.29%
Sales Q2Q%1.25%
Revenue Next Year-0.98%
Revenue Next 2Y1.77%
Revenue Next 3Y3.07%
Revenue Next 5Y5.98%
EBIT growth 1Y2.3%
EBIT growth 3Y9.05%
EBIT growth 5Y6.27%
EBIT Next Year69.58%
EBIT Next 3Y25.04%
EBIT Next 5Y18.31%
FCF growth 1Y-533.47%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-8.32%
OCF growth 3Y2.95%
OCF growth 5Y4.19%
AIR PRODUCTS & CHEMICALS INC / AP3.DE FAQ
What is the ChartMill fundamental rating of AIR PRODUCTS & CHEMICALS INC (AP3.DE) stock?
ChartMill assigns a fundamental rating of 4 / 10 to AP3.DE.
Can you provide the valuation status for AIR PRODUCTS & CHEMICALS INC?
ChartMill assigns a valuation rating of 2 / 10 to AIR PRODUCTS & CHEMICALS INC (AP3.DE). This can be considered as Overvalued.
How profitable is AIR PRODUCTS & CHEMICALS INC (AP3.DE) stock?
AIR PRODUCTS & CHEMICALS INC (AP3.DE) has a profitability rating of 7 / 10.
What are the PE and PB ratios of AIR PRODUCTS & CHEMICALS INC (AP3.DE) stock?
The Price/Earnings (PE) ratio for AIR PRODUCTS & CHEMICALS INC (AP3.DE) is 20.7 and the Price/Book (PB) ratio is 3.62.
How sustainable is the dividend of AIR PRODUCTS & CHEMICALS INC (AP3.DE) stock?
The dividend rating of AIR PRODUCTS & CHEMICALS INC (AP3.DE) is 4 / 10 and the dividend payout ratio is 101.85%.