AIR LIQUIDE SA (AI.PA) Fundamental Analysis & Valuation

EPA:AI • FR0000120073

Current stock price

180.52 EUR
+0.52 (+0.29%)
Last:

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

9

1. AI.PA Profitability Analysis

1.1 Basic Checks

  • In the past year AI was profitable.
  • AI had a positive operating cash flow in the past year.
  • In the past 5 years AI has always been profitable.
  • Each year in the past 5 years AI had a positive operating cash flow.
AI.PA Yearly Net Income VS EBIT VS OCF VS FCFAI.PA 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 2B 4B 6B

1.2 Ratios

  • With a decent Return On Assets value of 6.78%, AI is doing good in the industry, outperforming 78.26% of the companies in the same industry.
  • With a decent Return On Equity value of 13.42%, AI is doing good in the industry, outperforming 72.46% of the companies in the same industry.
  • The Return On Invested Capital of AI (9.62%) is better than 81.16% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for AI is above the industry average of 7.00%.
  • The 3 year average ROIC (9.55%) for AI is below the current ROIC(9.62%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 6.78%
ROE 13.42%
ROIC 9.62%
ROA(3y)6.51%
ROA(5y)6.12%
ROE(3y)12.79%
ROE(5y)12.4%
ROIC(3y)9.55%
ROIC(5y)9.15%
AI.PA Yearly ROA, ROE, ROICAI.PA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2 4 6 8 10

1.3 Margins

  • With an excellent Profit Margin value of 13.06%, AI belongs to the best of the industry, outperforming 91.30% of the companies in the same industry.
  • AI's Profit Margin has improved in the last couple of years.
  • Looking at the Operating Margin, with a value of 20.72%, AI belongs to the top of the industry, outperforming 91.30% of the companies in the same industry.
  • In the last couple of years the Operating Margin of AI has grown nicely.
  • AI has a better Gross Margin (64.18%) than 92.75% 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 RankSector Rank
OM 20.72%
PM (TTM) 13.06%
GM 64.18%
OM growth 3Y8.45%
OM growth 5Y2.29%
PM growth 3Y12.32%
PM growth 5Y1.9%
GM growth 3Y6.02%
GM growth 5Y-0.21%
AI.PA Yearly Profit, Operating, Gross MarginsAI.PA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20 40 60

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4

2. AI.PA Health Analysis

2.1 Basic Checks

  • AI has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
  • AI has more shares outstanding than it did 1 year ago.
  • Compared to 5 years ago, AI has more shares outstanding
  • The debt/assets ratio for AI is higher compared to a year ago.
AI.PA Yearly Shares OutstandingAI.PA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M 400M 500M
AI.PA Yearly Total Debt VS Total AssetsAI.PA 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 50B

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.
  • With an excellent Altman-Z score value of 3.91, AI belongs to the best of the industry, outperforming 84.06% of the companies in the same industry.
  • The Debt to FCF ratio of AI is 5.08, which is a neutral value as it means it would take AI, 5.08 years of fcf income to pay off all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 5.08, AI is in the better half of the industry, outperforming 63.77% of the companies in the same industry.
  • AI has a Debt/Equity ratio of 0.44. This is a healthy value indicating a solid balance between debt and equity.
  • The Debt to Equity ratio of AI (0.44) is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 0.44
Debt/FCF 5.08
Altman-Z 3.91
ROIC/WACC1.32
WACC7.3%
AI.PA Yearly LT Debt VS Equity VS FCFAI.PA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B 20B 25B

2.3 Liquidity

  • A Current Ratio of 1.14 indicates that AI should not have too much problems paying its short term obligations.
  • Looking at the Current ratio, with a value of 1.14, AI is doing worse than 84.06% of the companies in the same industry.
  • AI has a Quick Ratio of 1.14. This is a bad value and indicates that AI is not financially healthy enough and could expect problems in meeting its short term obligations.
  • With a Quick ratio value of 0.90, AI is not doing good in the industry: 68.12% of the companies in the same industry are doing better.
Industry RankSector Rank
Current Ratio 1.14
Quick Ratio 0.9
AI.PA Yearly Current Assets VS Current LiabilitesAI.PA 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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4

3. AI.PA Growth Analysis

3.1 Past

  • AI shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -0.78%.
  • Measured over the past years, AI shows a quite strong growth in Earnings Per Share. The EPS has been growing by 8.39% on average per year.
  • AI shows a decrease in Revenue. In the last year, the revenue decreased by -0.43%.
  • AI shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 5.63% yearly.
EPS 1Y (TTM)-0.78%
EPS 3Y9.95%
EPS 5Y8.39%
EPS Q2Q%3.49%
Revenue 1Y (TTM)-0.43%
Revenue growth 3Y-3.45%
Revenue growth 5Y5.63%
Sales Q2Q%-3.73%

3.2 Future

  • The Earnings Per Share is expected to grow by 11.19% on average over the next years. This is quite good.
  • Based on estimates for the next years, AI will show a small growth in Revenue. The Revenue will grow by 4.80% on average per year.
EPS Next Y15.62%
EPS Next 2Y12.9%
EPS Next 3Y11.98%
EPS Next 5Y11.19%
Revenue Next Year3.74%
Revenue Next 2Y4.4%
Revenue Next 3Y4.48%
Revenue Next 5Y4.8%

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better 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.
AI.PA Yearly Revenue VS EstimatesAI.PA 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 10B 20B 30B
AI.PA Yearly EPS VS EstimatesAI.PA Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2 4 6 8 10

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3

4. AI.PA Valuation Analysis

4.1 Price/Earnings Ratio

  • AI is valuated quite expensively with a Price/Earnings ratio of 28.29.
  • Compared to the rest of the industry, the Price/Earnings ratio of AI is on the same level as its industry peers.
  • AI is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 26.17, which is the current average of the S&P500 Index.
  • With a Price/Forward Earnings ratio of 24.47, AI is valued on the expensive side.
  • The rest of the industry has a similar Price/Forward Earnings ratio as AI.
  • AI's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 23.05.
Industry RankSector Rank
PE 28.29
Fwd PE 24.47
AI.PA Price Earnings VS Forward Price EarningsAI.PA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • AI's Enterprise Value to EBITDA is on the same level as the industry average.
  • AI's Price/Free Cash Flow ratio is in line with the industry average.
Industry RankSector Rank
P/FCF 39.09
EV/EBITDA 13.96
AI.PA Per share dataAI.PA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30 40

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)1.81
PEG (5Y)3.37
EPS Next 2Y12.9%
EPS Next 3Y11.98%

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

5

5. AI.PA Dividend Analysis

5.1 Amount

  • AI has a Yearly Dividend Yield of 2.14%. Purely for dividend investing, there may be better candidates out there.
  • AI's Dividend Yield is comparable with the industry average which is at 2.35.
  • Compared to an average S&P500 Dividend Yield of 1.89, AI has a dividend comparable with the average S&P500 company.
Industry RankSector Rank
Dividend Yield 2.14%

5.2 History

  • On average, the dividend of AI grows each year by 6.09%, which is quite nice.
Dividend Growth(5Y)6.09%
Div Incr Years7
Div Non Decr Years7
AI.PA Yearly Dividends per shareAI.PA Yearly Dividends per shareYearly Dividends per share 2019 2020 2021 2022 2023 2024 2025 2026 1 2 3

5.3 Sustainability

  • AI pays out 55.57% of its income as dividend. 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.
DP55.57%
EPS Next 2Y12.9%
EPS Next 3Y11.98%
AI.PA Yearly Income VS Free CF VS DividendAI.PA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B
AI.PA Dividend Payout.AI.PA Dividend Payout, showing the Payout Ratio.AI.PA Dividend Payout.PayoutRetained Earnings

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AI.PA Fundamentals: All Metrics, Ratios and Statistics

AIR LIQUIDE SA

EPA:AI (4/2/2026, 7:00:00 PM)

180.52

+0.52 (+0.29%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryChemicals
Earnings (Last)02-20
Earnings (Next)04-22
Inst Owners26.3%
Inst Owner ChangeN/A
Ins Owners0.14%
Ins Owner ChangeN/A
Market Cap104.57B
Revenue(TTM)26.94B
Net Income(TTM)3.52B
Analysts83.13
Price Target203.8 (12.9%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 2.14%
Yearly Dividend3.39
Dividend Growth(5Y)6.09%
DP55.57%
Div Incr Years7
Div Non Decr Years7
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)1.72%
PT rev (3m)0.69%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-2.19%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0.05%
Revenue NY rev (3m)-0.92%
Valuation
Industry RankSector Rank
PE 28.29
Fwd PE 24.47
P/S 3.88
P/FCF 39.09
P/OCF 16.04
P/B 3.99
P/tB 9.66
EV/EBITDA 13.96
EPS(TTM)6.38
EY3.53%
EPS(NY)7.38
Fwd EY4.09%
FCF(TTM)4.62
FCFY2.56%
OCF(TTM)11.25
OCFY6.23%
SpS46.51
BVpS45.25
TBVpS18.69
PEG (NY)1.81
PEG (5Y)3.37
Graham Number80.6
Profitability
Industry RankSector Rank
ROA 6.78%
ROE 13.42%
ROCE 12.93%
ROIC 9.62%
ROICexc 10.57%
ROICexgc 17.26%
OM 20.72%
PM (TTM) 13.06%
GM 64.18%
FCFM 9.93%
ROA(3y)6.51%
ROA(5y)6.12%
ROE(3y)12.79%
ROE(5y)12.4%
ROIC(3y)9.55%
ROIC(5y)9.15%
ROICexc(3y)10.16%
ROICexc(5y)9.7%
ROICexgc(3y)17.01%
ROICexgc(5y)16.46%
ROCE(3y)12.82%
ROCE(5y)12.26%
ROICexgc growth 3Y1.94%
ROICexgc growth 5Y2.46%
ROICexc growth 3Y3.94%
ROICexc growth 5Y4.21%
OM growth 3Y8.45%
OM growth 5Y2.29%
PM growth 3Y12.32%
PM growth 5Y1.9%
GM growth 3Y6.02%
GM growth 5Y-0.21%
F-Score6
Asset Turnover0.52
Health
Industry RankSector Rank
Debt/Equity 0.44
Debt/FCF 5.08
Debt/EBITDA 1.42
Cap/Depr 149.93%
Cap/Sales 14.27%
Interest Coverage 24.48
Cash Conversion 80.03%
Profit Quality 76.04%
Current Ratio 1.14
Quick Ratio 0.9
Altman-Z 3.91
F-Score6
WACC7.3%
ROIC/WACC1.32
Cap/Depr(3y)142.46%
Cap/Depr(5y)138.87%
Cap/Sales(3y)13.2%
Cap/Sales(5y)12.6%
Profit Quality(3y)84.62%
Profit Quality(5y)89.8%
High Growth Momentum
Growth
EPS 1Y (TTM)-0.78%
EPS 3Y9.95%
EPS 5Y8.39%
EPS Q2Q%3.49%
EPS Next Y15.62%
EPS Next 2Y12.9%
EPS Next 3Y11.98%
EPS Next 5Y11.19%
Revenue 1Y (TTM)-0.43%
Revenue growth 3Y-3.45%
Revenue growth 5Y5.63%
Sales Q2Q%-3.73%
Revenue Next Year3.74%
Revenue Next 2Y4.4%
Revenue Next 3Y4.48%
Revenue Next 5Y4.8%
EBIT growth 1Y3.53%
EBIT growth 3Y4.71%
EBIT growth 5Y8.05%
EBIT Next Year57.89%
EBIT Next 3Y22.27%
EBIT Next 5Y16.6%
FCF growth 1Y-4.37%
FCF growth 3Y1.78%
FCF growth 5Y0.76%
OCF growth 1Y3.1%
OCF growth 3Y3.91%
OCF growth 5Y4.6%

AIR LIQUIDE SA / AI.PA Fundamental Analysis FAQ

What is the ChartMill fundamental rating of AIR LIQUIDE SA (AI.PA) stock?

ChartMill assigns a fundamental rating of 5 / 10 to AI.PA.


Can you provide the valuation status for AIR LIQUIDE SA?

ChartMill assigns a valuation rating of 3 / 10 to AIR LIQUIDE SA (AI.PA). This can be considered as Overvalued.


How profitable is AIR LIQUIDE SA (AI.PA) stock?

AIR LIQUIDE SA (AI.PA) has a profitability rating of 9 / 10.


Can you provide the PE and PB ratios for AI stock?

The Price/Earnings (PE) ratio for AIR LIQUIDE SA (AI.PA) is 28.29 and the Price/Book (PB) ratio is 3.99.


Can you provide the expected EPS growth for AI stock?

The Earnings per Share (EPS) of AIR LIQUIDE SA (AI.PA) is expected to grow by 15.62% in the next year.