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 75.36% 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.
  • With an excellent Return On Invested Capital value of 9.62%, AI belongs to the best of the industry, outperforming 81.16% of the companies in the same industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for AI is above the industry average of 7.16%.
  • 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

  • AI has a better Profit Margin (13.06%) than 91.30% of its industry peers.
  • AI's Profit Margin has improved in the last couple of years.
  • AI has a better Operating Margin (20.72%) than 91.30% of its industry peers.
  • In the last couple of years the Operating Margin of AI has grown nicely.
  • AI's Gross Margin of 64.18% is amongst the best of the industry. AI outperforms 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

  • The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so AI is still creating some value.
  • The number of shares outstanding for AI has been increased compared to 1 year ago.
  • The number of shares outstanding for AI has been increased compared to 5 years ago.
  • 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

  • An Altman-Z score of 3.91 indicates that AI is not in any danger for bankruptcy at the moment.
  • AI has a better Altman-Z score (3.91) than 84.06% of its industry peers.
  • AI has a debt to FCF ratio of 5.08. This is a neutral value as AI would need 5.08 years to pay back of 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 66.67% of the companies in the same industry.
  • A Debt/Equity ratio of 0.44 indicates that AI is not too dependend on debt financing.
  • AI's Debt to Equity ratio of 0.44 is in line compared to the rest of the industry. AI outperforms 52.17% of its industry peers.
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.
  • AI has a worse Current ratio (1.14) than 82.61% of its industry peers.
  • A Quick Ratio of 0.90 indicates that AI may have some problems paying its short term obligations.
  • Looking at the Quick ratio, with a value of 0.90, AI is doing worse than 68.12% of the companies in the same industry.
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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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. AI.PA Growth Analysis

3.1 Past

  • The earnings per share for AI have decreased by -0.78% in the last year.
  • AI shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 8.39% yearly.
  • 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.
  • The Revenue is expected to grow by 4.80% on average over the next years.
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

  • 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.
  • 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

  • A Price/Earnings ratio of 28.29 indicates a quite expensive valuation of AI.
  • AI's Price/Earnings ratio is in line with the industry average.
  • AI's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 25.60.
  • A Price/Forward Earnings ratio of 24.47 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 22.84, AI is valued at the same level.
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

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of AI is on the same level as its industry peers.
  • The rest of the industry has a similar Price/Free Cash Flow ratio as AI.
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%.
  • AI's Dividend Yield is comparable with the industry average which is at 2.36.
  • Compared to an average S&P500 Dividend Yield of 1.90, 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

  • 55.57% of the earnings are spent on dividend by AI. 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 8 / 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.