AIR PRODUCTS & CHEMICALS INC (APD) Stock Fundamental Analysis

USA • New York Stock Exchange • NYSE:APD • US0091581068

290.77 USD
+4.4 (+1.54%)
At close: Feb 10, 2026
290.77 USD
0 (0%)
After Hours: 2/10/2026, 7:50:12 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

3

Taking everything into account, APD scores 3 out of 10 in our fundamental rating. APD was compared to 83 industry peers in the Chemicals industry. While APD is still in line with the averages on profitability rating, there are concerns on its financial health. APD does not seem to be growing, but still is valued expensively.


Dividend Valuation Growth Profitability Health

5

1. Profitability

1.1 Basic Checks

  • APD had positive earnings in the past year.
  • In the past year APD had a positive cash flow from operations.
  • APD had positive earnings in 4 of the past 5 years.
  • APD had a positive operating cash flow in each of the past 5 years.
APD Yearly Net Income VS EBIT VS OCF VS FCFAPD 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 2025 0 2B -2B

1.2 Ratios

  • APD has a Return On Assets (-0.81%) which is in line with its industry peers.
  • APD has a Return On Equity of -2.17%. This is comparable to the rest of the industry: APD outperforms 46.99% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 6.25%, APD is in the better half of the industry, outperforming 69.88% of the companies in the same industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for APD is in line with the industry average of 6.08%.
Industry RankSector Rank
ROA -0.81%
ROE -2.17%
ROIC 6.25%
ROA(3y)5.3%
ROA(5y)6.4%
ROE(3y)11.97%
ROE(5y)13.72%
ROIC(3y)6.89%
ROIC(5y)7.28%
APD Yearly ROA, ROE, ROICAPD Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10 20

1.3 Margins

  • Looking at the Operating Margin, with a value of 24.09%, APD belongs to the top of the industry, outperforming 91.57% of the companies in the same industry.
  • APD's Operating Margin has been stable in the last couple of years.
  • The Gross Margin of APD (31.63%) is comparable to the rest of the industry.
  • In the last couple of years the Gross Margin of APD has remained more or less at the same level.
Industry RankSector Rank
OM 24.09%
PM (TTM) N/A
GM 31.63%
OM growth 3Y7.7%
OM growth 5Y-0.94%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y5.89%
GM growth 5Y-1.48%
APD Yearly Profit, Operating, Gross MarginsAPD Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10 20 30

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ROAROEROICOperating and Profit MarginShow most profitable peers

2

2. Health

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so APD is destroying value.
  • Compared to 1 year ago, APD has about the same amount of shares outstanding.
  • The number of shares outstanding for APD has been increased compared to 5 years ago.
  • Compared to 1 year ago, APD has a worse debt to assets ratio.
APD Yearly Shares OutstandingAPD Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M 200M
APD Yearly Total Debt VS Total AssetsAPD Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10B 20B 30B 40B

2.2 Solvency

  • An Altman-Z score of 2.69 indicates that APD is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • APD has a better Altman-Z score (2.69) than 75.90% of its industry peers.
  • APD has a Debt/Equity ratio of 1.13. This is a high value indicating a heavy dependency on external financing.
  • APD has a Debt to Equity ratio of 1.13. This is in the lower half of the industry: APD underperforms 69.88% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.13
Debt/FCF N/A
Altman-Z 2.69
ROIC/WACC0.49
WACC12.88%
APD Yearly LT Debt VS Equity VS FCFAPD Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5B 10B 15B

2.3 Liquidity

  • A Current Ratio of 1.46 indicates that APD should not have too much problems paying its short term obligations.
  • APD has a worse Current ratio (1.46) than 71.08% of its industry peers.
  • APD has a Quick Ratio of 1.23. This is a normal value and indicates that APD is financially healthy and should not expect problems in meeting its short term obligations.
  • APD has a Quick ratio (1.23) which is in line with its industry peers.
Industry RankSector Rank
Current Ratio 1.46
Quick Ratio 1.23
APD Yearly Current Assets VS Current LiabilitesAPD Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B

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

3

3. Growth

3.1 Past

  • APD shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -1.12%.
  • Measured over the past 5 years, APD shows a small growth in Earnings Per Share. The EPS has been growing by 7.07% on average per year.
  • APD shows a small growth in Revenue. In the last year, the Revenue has grown by 1.44%.
  • APD shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 6.33% yearly.
EPS 1Y (TTM)-1.12%
EPS 3Y4.94%
EPS 5Y7.07%
EPS Q2Q%10.49%
Revenue 1Y (TTM)1.44%
Revenue growth 3Y-1.77%
Revenue growth 5Y6.33%
Sales Q2Q%5.83%

3.2 Future

  • The Earnings Per Share is expected to grow by 7.88% on average over the next years.
  • Based on estimates for the next years, APD will show a small growth in Revenue. The Revenue will grow by 6.78% on average per year.
EPS Next Y9.39%
EPS Next 2Y8.48%
EPS Next 3Y8.4%
EPS Next 5Y7.88%
Revenue Next Year4.27%
Revenue Next 2Y5.04%
Revenue Next 3Y5.25%
Revenue Next 5Y6.78%

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.
APD Yearly Revenue VS EstimatesAPD 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 5B 10B 15B
APD Yearly EPS VS EstimatesAPD Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 5 10 15

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Find the best growth stocksShow best growing peers

1

4. Valuation

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 23.58, the valuation of APD can be described as rather expensive.
  • Compared to the rest of the industry, the Price/Earnings ratio of APD is on the same level as its industry peers.
  • APD's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 28.03.
  • A Price/Forward Earnings ratio of 20.54 indicates a rather expensive valuation of APD.
  • The rest of the industry has a similar Price/Forward Earnings ratio as APD.
  • APD's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.97.
Industry RankSector Rank
PE 23.58
Fwd PE 20.54
APD Price Earnings VS Forward Price EarningsAPD 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, APD is valued a bit more expensive than the industry average as 72.29% of the companies are valued more cheaply.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 18
APD Per share dataAPD EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 20 40 60

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates APD does not grow enough to justify the current Price/Earnings ratio.
PEG (NY)2.51
PEG (5Y)3.34
EPS Next 2Y8.48%
EPS Next 3Y8.4%

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

5

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 2.55%, APD has a reasonable but not impressive dividend return.
  • APD's Dividend Yield is a higher than the industry average which is at 2.21.
  • APD's Dividend Yield is a higher than the S&P500 average which is at 1.80.
Industry RankSector Rank
Dividend Yield 2.55%

5.2 History

  • On average, the dividend of APD grows each year by 7.30%, which is quite nice.
  • APD has paid a dividend for at least 10 years, which is a reliable track record.
  • APD has decreased its dividend recently.
Dividend Growth(5Y)7.3%
Div Incr Years1
Div Non Decr Years1
APD Yearly Dividends per shareAPD Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2 4 6

5.3 Sustainability

  • APD has negative earnings and hence a negative payout ratio. The dividend may be in danger.
  • APD's earnings are growing around the same pace than its dividend. As long as the earnings growth is kept the dividend growth is sustainable.
DP-476.15%
EPS Next 2Y8.48%
EPS Next 3Y8.4%
APD Yearly Income VS Free CF VS DividendAPD Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B -2B

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Find the best dividend stocksShow peers with best dividend

AIR PRODUCTS & CHEMICALS INC

NYSE:APD (2/10/2026, 7:50:12 PM)

After market: 290.77 0 (0%)

290.77

+4.4 (+1.54%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryChemicals
Earnings (Last)01-30
Earnings (Next)04-29
Inst Owners94.93%
Inst Owner Change-1.82%
Ins Owners1.88%
Ins Owner Change3.06%
Market Cap64.72B
Revenue(TTM)12.21B
Net Income(TTM)-333.70M
Analysts74.29
Price Target307.32 (5.69%)
Short Float %2.76%
Short Ratio3.67
Dividend
Industry RankSector Rank
Dividend Yield 2.55%
Yearly Dividend7.12
Dividend Growth(5Y)7.3%
DP-476.15%
Div Incr Years1
Div Non Decr Years1
Ex-Date04-01
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)0.95%
Min EPS beat(2)-0.83%
Max EPS beat(2)2.73%
EPS beat(4)2
Avg EPS beat(4)-0.43%
Min EPS beat(4)-5.81%
Max EPS beat(4)2.73%
EPS beat(8)5
Avg EPS beat(8)1.02%
EPS beat(12)8
Avg EPS beat(12)0.41%
EPS beat(16)10
Avg EPS beat(16)0.31%
Revenue beat(2)1
Avg Revenue beat(2)-0.31%
Min Revenue beat(2)-1.28%
Max Revenue beat(2)0.67%
Revenue beat(4)2
Avg Revenue beat(4)-0.33%
Min Revenue beat(4)-1.31%
Max Revenue beat(4)0.67%
Revenue beat(8)2
Avg Revenue beat(8)-1.47%
Revenue beat(12)3
Avg Revenue beat(12)-2.46%
Revenue beat(16)5
Avg Revenue beat(16)-1.4%
PT rev (1m)2.3%
PT rev (3m)-6.93%
EPS NQ rev (1m)0.96%
EPS NQ rev (3m)0.86%
EPS NY rev (1m)0.34%
EPS NY rev (3m)1.17%
Revenue NQ rev (1m)0.65%
Revenue NQ rev (3m)1.01%
Revenue NY rev (1m)0.33%
Revenue NY rev (3m)-0.29%
Valuation
Industry RankSector Rank
PE 23.58
Fwd PE 20.54
P/S 5.3
P/FCF N/A
P/OCF 19.34
P/B 4.2
P/tB 4.58
EV/EBITDA 18
EPS(TTM)12.33
EY4.24%
EPS(NY)14.16
Fwd EY4.87%
FCF(TTM)-12.63
FCFYN/A
OCF(TTM)15.03
OCFY5.17%
SpS54.85
BVpS69.24
TBVpS63.55
PEG (NY)2.51
PEG (5Y)3.34
Graham Number138.59
Profitability
Industry RankSector Rank
ROA -0.81%
ROE -2.17%
ROCE 7.79%
ROIC 6.25%
ROICexc 6.43%
ROICexgc 6.66%
OM 24.09%
PM (TTM) N/A
GM 31.63%
FCFM N/A
ROA(3y)5.3%
ROA(5y)6.4%
ROE(3y)11.97%
ROE(5y)13.72%
ROIC(3y)6.89%
ROIC(5y)7.28%
ROICexc(3y)7.39%
ROICexc(5y)8.33%
ROICexgc(3y)7.7%
ROICexgc(5y)8.79%
ROCE(3y)8.6%
ROCE(5y)9.08%
ROICexgc growth 3Y-12.25%
ROICexgc growth 5Y-10.36%
ROICexc growth 3Y-11.59%
ROICexc growth 5Y-9.49%
OM growth 3Y7.7%
OM growth 5Y-0.94%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y5.89%
GM growth 5Y-1.48%
F-Score3
Asset Turnover0.3
Health
Industry RankSector Rank
Debt/Equity 1.13
Debt/FCF N/A
Debt/EBITDA 3.85
Cap/Depr 392.59%
Cap/Sales 50.43%
Interest Coverage 250
Cash Conversion 74.21%
Profit Quality N/A
Current Ratio 1.46
Quick Ratio 1.23
Altman-Z 2.69
F-Score3
WACC12.88%
ROIC/WACC0.49
Cap/Depr(3y)419.31%
Cap/Depr(5y)332.63%
Cap/Sales(3y)50.41%
Cap/Sales(5y)39.63%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-1.12%
EPS 3Y4.94%
EPS 5Y7.07%
EPS Q2Q%10.49%
EPS Next Y9.39%
EPS Next 2Y8.48%
EPS Next 3Y8.4%
EPS Next 5Y7.88%
Revenue 1Y (TTM)1.44%
Revenue growth 3Y-1.77%
Revenue growth 5Y6.33%
Sales Q2Q%5.83%
Revenue Next Year4.27%
Revenue Next 2Y5.04%
Revenue Next 3Y5.25%
Revenue Next 5Y6.78%
EBIT growth 1Y-0.19%
EBIT growth 3Y5.8%
EBIT growth 5Y5.33%
EBIT Next Year88.65%
EBIT Next 3Y29.01%
EBIT Next 5Y19.59%
FCF growth 1Y-32.31%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y7.46%
OCF growth 3Y0.27%
OCF growth 5Y-0.05%

AIR PRODUCTS & CHEMICALS INC / APD FAQ

What is the fundamental rating for APD stock?

ChartMill assigns a fundamental rating of 3 / 10 to APD.


What is the valuation status for APD stock?

ChartMill assigns a valuation rating of 1 / 10 to AIR PRODUCTS & CHEMICALS INC (APD). This can be considered as Overvalued.


Can you provide the profitability details for AIR PRODUCTS & CHEMICALS INC?

AIR PRODUCTS & CHEMICALS INC (APD) has a profitability rating of 5 / 10.


What is the valuation of AIR PRODUCTS & CHEMICALS INC based on its PE and PB ratios?

The Price/Earnings (PE) ratio for AIR PRODUCTS & CHEMICALS INC (APD) is 23.58 and the Price/Book (PB) ratio is 4.2.


Can you provide the financial health for APD stock?

The financial health rating of AIR PRODUCTS & CHEMICALS INC (APD) is 2 / 10.