AIR PRODUCTS & CHEMICALS INC (APD) Fundamental Analysis & Valuation

NYSE:APD • US0091581068

Current stock price

287.98 USD
-2.5 (-0.86%)
At close:
288.62 USD
+0.64 (+0.22%)
After Hours:

This APD fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

5

1. APD Profitability Analysis

1.1 Basic Checks

  • In the past year APD was profitable.
  • 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 (-2.17%) which is in line with 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.
  • APD had an Average Return On Invested Capital over the past 3 years of 6.89%. This is in line with the industry average of 6.34%.
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

  • The Operating Margin of APD (24.09%) is better than 92.77% of its industry peers.
  • APD's Operating Margin has been stable in the last couple of years.
  • APD's Gross Margin of 31.63% is fine compared to the rest of the industry. APD outperforms 62.65% of its industry peers.
  • APD's Gross Margin has been stable in the last couple of years.
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. APD Health Analysis

2.1 Basic Checks

  • APD has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • APD has about the same amout of shares outstanding than it did 1 year ago.
  • APD has more shares outstanding than it did 5 years ago.
  • APD has a worse debt/assets ratio than last year.
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

  • APD has an Altman-Z score of 2.69. This is not the best score and indicates that APD is in the grey zone with still only limited risk for bankruptcy at the moment.
  • Looking at the Altman-Z score, with a value of 2.69, APD is in the better half of the industry, outperforming 73.49% of the companies in the same industry.
  • APD has a Debt/Equity ratio of 1.13. This is a high value indicating a heavy dependency on external financing.
  • Looking at the Debt to Equity ratio, with a value of 1.13, APD is doing worse than 68.67% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 1.13
Debt/FCF N/A
Altman-Z 2.69
ROIC/WACC0.48
WACC12.91%
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.
  • Looking at the Current ratio, with a value of 1.46, APD is doing worse than 68.67% of the companies in the same industry.
  • A Quick Ratio of 1.23 indicates that APD should not have too much problems paying its short term obligations.
  • APD has a Quick ratio of 1.23. This is comparable to the rest of the industry: APD outperforms 46.99% of 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

4

3. APD Growth Analysis

3.1 Past

  • APD shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -1.12%.
  • APD shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 7.07% yearly.
  • The Revenue has been growing slightly by 1.44% in the past year.
  • The Revenue has been growing slightly by 6.33% on average over the past years.
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

  • APD is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 9.04% yearly.
  • Based on estimates for the next years, APD will show a small growth in Revenue. The Revenue will grow by 6.57% on average per year.
EPS Next Y9.68%
EPS Next 2Y8.66%
EPS Next 3Y8.66%
EPS Next 5Y9.04%
Revenue Next Year4.79%
Revenue Next 2Y5.43%
Revenue Next 3Y5.6%
Revenue Next 5Y6.57%

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 accelerating.
  • The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
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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1

4. APD Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 23.36, which indicates a rather expensive current valuation of APD.
  • APD's Price/Earnings is on the same level as the industry average.
  • APD's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 25.70.
  • APD is valuated rather expensively with a Price/Forward Earnings ratio of 20.28.
  • APD's Price/Forward Earnings ratio is in line with the industry average.
  • APD is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 23.84, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 23.36
Fwd PE 20.28
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

  • APD's Enterprise Value to EBITDA ratio is a bit more expensive when compared to the industry. APD is more expensive than 68.67% of the companies in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 17.99
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 an expensive valuation of the company.
PEG (NY)2.41
PEG (5Y)3.3
EPS Next 2Y8.66%
EPS Next 3Y8.66%

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

5

5. APD Dividend Analysis

5.1 Amount

  • APD has a Yearly Dividend Yield of 2.49%. Purely for dividend investing, there may be better candidates out there.
  • Compared to an average industry Dividend Yield of 2.09, APD pays a bit more dividend than its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.89, APD pays a bit more dividend than the S&P500 average.
Industry RankSector Rank
Dividend Yield 2.49%

5.2 History

  • The dividend of APD is nicely growing with an annual growth rate of 7.30%!
  • APD has paid a dividend for at least 10 years, which is a reliable track record.
  • The dividend of APD decreased 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 more than its dividend. This makes the dividend growth sustainable.
DP-476.15%
EPS Next 2Y8.66%
EPS Next 3Y8.66%
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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APD Fundamentals: All Metrics, Ratios and Statistics

AIR PRODUCTS & CHEMICALS INC

NYSE:APD (3/13/2026, 8:09:56 PM)

After market: 288.62 +0.64 (+0.22%)

287.98

-2.5 (-0.86%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryChemicals
Earnings (Last)01-30
Earnings (Next)04-29
Inst Owners94.28%
Inst Owner Change0.87%
Ins Owners1.88%
Ins Owner Change3.06%
Market Cap64.12B
Revenue(TTM)12.21B
Net Income(TTM)-333.70M
Analysts74.48
Price Target309.09 (7.33%)
Short Float %2.33%
Short Ratio3.3
Dividend
Industry RankSector Rank
Dividend Yield 2.49%
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)0.57%
PT rev (3m)-1.93%
EPS NQ rev (1m)0.17%
EPS NQ rev (3m)1.06%
EPS NY rev (1m)0.27%
EPS NY rev (3m)0.56%
Revenue NQ rev (1m)0.29%
Revenue NQ rev (3m)0.91%
Revenue NY rev (1m)0.5%
Revenue NY rev (3m)0.78%
Valuation
Industry RankSector Rank
PE 23.36
Fwd PE 20.28
P/S 5.25
P/FCF N/A
P/OCF 19.16
P/B 4.16
P/tB 4.53
EV/EBITDA 17.99
EPS(TTM)12.33
EY4.28%
EPS(NY)14.2
Fwd EY4.93%
FCF(TTM)-12.62
FCFYN/A
OCF(TTM)15.03
OCFY5.22%
SpS54.83
BVpS69.21
TBVpS63.53
PEG (NY)2.41
PEG (5Y)3.3
Graham Number138.57
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
WACC12.91%
ROIC/WACC0.48
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 Y9.68%
EPS Next 2Y8.66%
EPS Next 3Y8.66%
EPS Next 5Y9.04%
Revenue 1Y (TTM)1.44%
Revenue growth 3Y-1.77%
Revenue growth 5Y6.33%
Sales Q2Q%5.83%
Revenue Next Year4.79%
Revenue Next 2Y5.43%
Revenue Next 3Y5.6%
Revenue Next 5Y6.57%
EBIT growth 1Y-0.19%
EBIT growth 3Y5.8%
EBIT growth 5Y5.33%
EBIT Next Year87.56%
EBIT Next 3Y28.59%
EBIT Next 5Y21.12%
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 Fundamental Analysis 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 23.36 and the Price/Book (PB) ratio is 4.16.


Can you provide the financial health for APD stock?

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