AIR LIQUIDE SA (AI.PA) Stock Fundamental Analysis
Europe • Euronext Paris • EPA:AI • FR0000120073
165.75 EUR
+6.27 (+3.93%)
Last: Feb 4, 2026, 02:53 PM
Taking everything into account, AI scores 5 out of 10 in our fundamental rating. AI was compared to 68 industry peers in the Chemicals industry. While AI has a great profitability rating, there are some minor concerns on its financial health. AI is valied quite expensively at the moment, while 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.
- AI had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- AI has a Return On Assets of 6.70%. This is in the better half of the industry: AI outperforms 76.47% of its industry peers.
- The Return On Equity of AI (13.49%) is better than 76.47% of its industry peers.
- The Return On Invested Capital of AI (9.87%) is better than 83.82% of its industry peers.
- Measured over the past 3 years, the Average Return On Invested Capital for AI is above the industry average of 6.72%.
- 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
- The Profit Margin of AI (12.22%) is better than 89.71% of its industry peers.
- In the last couple of years the Profit Margin of AI has grown nicely.
- With an excellent Operating Margin value of 19.93%, AI belongs to the best of the industry, outperforming 92.65% of the companies in the same industry.
- AI's Operating Margin has improved in the last couple of years.
- Looking at the Gross Margin, with a value of 63.01%, AI belongs to the top of the industry, outperforming 91.18% of the companies in the same industry.
- AI's Gross Margin has been stable in the last couple of years.
| 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.
- AI has about the same amout of shares outstanding than it did 1 year ago.
- AI has more shares outstanding than it did 5 years ago.
- AI has a better debt/assets ratio than last year.
2.2 Solvency
- An Altman-Z score of 3.66 indicates that AI is not in any danger for bankruptcy at the moment.
- AI's Altman-Z score of 3.66 is fine compared to the rest of the industry. AI outperforms 73.53% of its industry peers.
- AI has a debt to FCF ratio of 4.60. This is a neutral value as AI would need 4.60 years to pay back of all of its debts.
- With a decent Debt to FCF ratio value of 4.60, AI is doing good in the industry, outperforming 79.41% 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 (0.47) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.47 | ||
| Debt/FCF | 4.6 | ||
| Altman-Z | 3.66 |
ROIC/WACC1.33
WACC7.43%
2.3 Liquidity
- AI has a Current Ratio of 0.84. This is a bad value and indicates that AI is not financially healthy enough and could expect problems in meeting its short term obligations.
- AI has a worse Current ratio (0.84) than 83.82% 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 83.82% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.84 | ||
| Quick Ratio | 0.61 |
3. Growth
3.1 Past
- AI shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 11.10%, which is quite good.
- AI shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 11.55% yearly.
- AI shows a decrease in Revenue. In the last year, the revenue decreased by -1.99%.
- 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
- Based on estimates for the next years, AI will show a quite strong growth in Earnings Per Share. The EPS will grow by 10.14% on average per year.
- The Revenue is expected to grow by 3.85% on average over the next years.
EPS Next Y3.85%
EPS Next 2Y7.33%
EPS Next 3Y8.28%
EPS Next 5Y10.14%
Revenue Next Year0.45%
Revenue Next 2Y2.29%
Revenue Next 3Y3.29%
Revenue Next 5Y3.85%
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 stable.
- 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
- The Price/Earnings ratio is 26.44, which means the current valuation is very expensive for AI.
- AI's Price/Earnings ratio is in line with the industry average.
- When comparing the Price/Earnings ratio of AI to the average of the S&P500 Index (28.18), we can say AI is valued inline with the index average.
- A Price/Forward Earnings ratio of 22.38 indicates a rather expensive valuation of AI.
- Compared to the rest of the industry, the Price/Forward Earnings ratio of AI is on the same level as its industry peers.
- Compared to an average S&P500 Price/Forward Earnings ratio of 25.51, AI is valued at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.44 | ||
| Fwd PE | 22.38 |
4.2 Price Multiples
- Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of AI is on the same level as its industry peers.
- AI's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 34.88 | ||
| EV/EBITDA | 12.74 |
4.3 Compensation for Growth
- The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
- AI has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)6.87
PEG (5Y)2.29
EPS Next 2Y7.33%
EPS Next 3Y8.28%
5. Dividend
5.1 Amount
- With a Yearly Dividend Yield of 2.09%, AI has a reasonable but not impressive dividend return.
- Compared to an average industry Dividend Yield of 2.28, AI has a dividend in line with its industry peers.
- Compared to an average S&P500 Dividend Yield of 1.83, AI has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.09% |
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 2Y7.33%
EPS Next 3Y8.28%
EPA:AI (2/4/2026, 2:53:15 PM)
165.75
+6.27 (+3.93%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryChemicals
Earnings (Last)10-21 2025-10-21
Earnings (Next)02-20 2026-02-20/amc
Inst Owners27.85%
Inst Owner ChangeN/A
Ins Owners0.14%
Ins Owner ChangeN/A
Market Cap95.89B
Revenue(TTM)27.06B
Net Income(TTM)3.31B
Analysts81.29
Price Target201.38 (21.5%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.09% |
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)-0.5%
PT rev (3m)-0.05%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-0.74%
EPS NY rev (3m)-1.26%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.22%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 26.44 | ||
| Fwd PE | 22.38 | ||
| P/S | 3.54 | ||
| P/FCF | 34.88 | ||
| P/OCF | 14.86 | ||
| P/B | 3.91 | ||
| P/tB | 10.48 | ||
| EV/EBITDA | 12.74 |
EPS(TTM)6.27
EY3.78%
EPS(NY)7.41
Fwd EY4.47%
FCF(TTM)4.75
FCFY2.87%
OCF(TTM)11.16
OCFY6.73%
SpS46.77
BVpS42.37
TBVpS15.81
PEG (NY)6.87
PEG (5Y)2.29
Graham Number77.32
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%
ROICexgc growth 3Y3.94%
ROICexgc 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 | 144.46% | ||
| Cap/Sales | 13.69% | ||
| Interest Coverage | 20.73 | ||
| Cash Conversion | 81.12% | ||
| Profit Quality | 83.14% | ||
| Current Ratio | 0.84 | ||
| Quick Ratio | 0.61 | ||
| Altman-Z | 3.66 |
F-Score7
WACC7.43%
ROIC/WACC1.33
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 Y3.85%
EPS Next 2Y7.33%
EPS Next 3Y8.28%
EPS Next 5Y10.14%
Revenue 1Y (TTM)-1.99%
Revenue growth 3Y5.06%
Revenue growth 5Y4.3%
Sales Q2Q%2.94%
Revenue Next Year0.45%
Revenue Next 2Y2.29%
Revenue Next 3Y3.29%
Revenue Next 5Y3.85%
EBIT growth 1Y6.38%
EBIT growth 3Y9.02%
EBIT growth 5Y7.28%
EBIT Next Year55.06%
EBIT Next 3Y21.81%
EBIT Next 5Y15.89%
FCF growth 1Y-11.8%
FCF growth 3Y1.77%
FCF growth 5Y6.15%
OCF growth 1Y-1.16%
OCF growth 3Y4.31%
OCF growth 5Y6.05%
AIR LIQUIDE SA / AI.PA FAQ
What is the ChartMill fundamental rating of AIR LIQUIDE SA (AI.PA) stock?
ChartMill assigns a fundamental rating of 6 / 10 to AI.PA.
What is the valuation status for AI stock?
ChartMill assigns a valuation rating of 3 / 10 to AIR LIQUIDE SA (AI.PA). This can be considered as Overvalued.
Can you provide the profitability details for AIR LIQUIDE SA?
AIR LIQUIDE SA (AI.PA) has a profitability rating of 9 / 10.
What is the financial health of AIR LIQUIDE SA (AI.PA) stock?
The financial health rating of AIR LIQUIDE SA (AI.PA) is 6 / 10.
What is the earnings growth outlook for AIR LIQUIDE SA?
The Earnings per Share (EPS) of AIR LIQUIDE SA (AI.PA) is expected to grow by 3.85% in the next year.