AIR LIQUIDE SA (AI.PA) Stock Fundamental Analysis
Europe - EPA:AI - FR0000120073 - Common Stock
174.16 EUR
-0.32 (-0.18%)
Taking everything into account, AI scores 6 out of 10 in our fundamental rating. AI was compared to 66 industry peers in the Chemicals industry. While AI belongs to the best of the industry regarding profitability, 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.
In the past year AI had a positive cash flow from operations.
In the past 5 years AI has always been profitable.
In the past 5 years AI always reported a positive cash flow from operatings.
1.2 Ratios
With an excellent Return On Assets value of 6.70%, AI belongs to the best of the industry, outperforming 81.82% of the companies in the same industry.
AI has a better Return On Equity (13.49%) than 80.30% of its industry peers.
Looking at the Return On Invested Capital, with a value of 9.87%, AI belongs to the top of the industry, outperforming 87.88% 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 6.62%.
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
AI's Profit Margin of 12.22% is amongst the best of the industry. AI outperforms 92.42% of its industry peers.
In the last couple of years the Profit Margin of AI has grown nicely.
AI's Operating Margin of 19.93% is amongst the best of the industry. AI outperforms 95.45% of its industry peers.
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 93.94% 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
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so AI is still 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.
Compared to 1 year ago, AI has an improved debt to assets ratio.
2.2 Solvency
An Altman-Z score of 3.87 indicates that AI is not in any danger for bankruptcy at the moment.
With an excellent Altman-Z score value of 3.87, AI belongs to the best of the industry, outperforming 81.82% of the companies in the same industry.
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.
AI's Debt to FCF ratio of 4.60 is amongst the best of the industry. AI outperforms 81.82% of its industry peers.
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 | 3.87 |
ROIC/WACC1.37
WACC7.21%
2.3 Liquidity
A Current Ratio of 0.84 indicates that AI may have some problems paying its short term obligations.
The Current ratio of AI (0.84) is worse than 87.88% of its industry peers.
A Quick Ratio of 0.61 indicates that AI may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.61, AI is doing worse than 86.36% of the companies in the same industry.
AI does not score too well on the current and quick ratio evaluation. However, as it has excellent solvency and profitability, these ratios do not necessarly indicate liquidity issues and need to be evaluated against the specifics of the business.
| 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%.
The Revenue has been growing slightly by 4.30% on average over the past years.
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 10.10% on average per year.
The Revenue is expected to grow by 4.07% on average over the next years.
EPS Next Y5.81%
EPS Next 2Y9.11%
EPS Next 3Y9.27%
EPS Next 5Y10.1%
Revenue Next Year0.89%
Revenue Next 2Y3%
Revenue Next 3Y3.73%
Revenue Next 5Y4.07%
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
With a Price/Earnings ratio of 27.78, AI can be considered very expensive at the moment.
Compared to the rest of the industry, the Price/Earnings ratio of AI is on the same level as its industry peers.
When comparing the Price/Earnings ratio of AI to the average of the S&P500 Index (27.20), we can say AI is valued inline with the index average.
A Price/Forward Earnings ratio of 22.75 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.
AI's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 22.70.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 27.78 | ||
| Fwd PE | 22.75 |
4.2 Price Multiples
AI's Enterprise Value to EBITDA ratio is a bit more expensive when compared to the industry. AI is more expensive than 60.61% of the companies in the same industry.
AI's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 36.64 | ||
| EV/EBITDA | 13.83 |
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)4.78
PEG (5Y)2.41
EPS Next 2Y9.11%
EPS Next 3Y9.27%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 1.86%, AI has a reasonable but not impressive dividend return.
AI's Dividend Yield is comparable with the industry average which is at 3.04.
Compared to the average S&P500 Dividend Yield of 2.38, AI is paying slightly less dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.86% |
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.
AI's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP59.1%
EPS Next 2Y9.11%
EPS Next 3Y9.27%
EPA:AI (9/17/2025, 7:00:00 PM)
174.16
-0.32 (-0.18%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryChemicals
Earnings (Last)
Earnings (Next)
Inst Owners27.27%
Inst Owner ChangeN/A
Ins Owners0.14%
Ins Owner ChangeN/A
Market Cap100.75B
Analysts80
Price Target201.69 (15.81%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.86% |
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)1.4%
PT rev (3m)1.4%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-3.72%
EPS NY rev (3m)-3.72%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-1.03%
Revenue NY rev (3m)-2.7%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 27.78 | ||
| Fwd PE | 22.75 | ||
| P/S | 3.72 | ||
| P/FCF | 36.64 | ||
| P/OCF | 15.61 | ||
| P/B | 4.11 | ||
| P/tB | 11.02 | ||
| EV/EBITDA | 13.83 |
EPS(TTM)6.27
EY3.6%
EPS(NY)7.66
Fwd EY4.4%
FCF(TTM)4.75
FCFY2.73%
OCF(TTM)11.16
OCFY6.41%
SpS46.77
BVpS42.38
TBVpS15.81
PEG (NY)4.78
PEG (5Y)2.41
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%
ROICexcg growth 3Y3.94%
ROICexcg 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 | 144.44% | ||
| Cap/Sales | 13.69% | ||
| Interest Coverage | 20.74 | ||
| Cash Conversion | 81.12% | ||
| Profit Quality | 83.16% | ||
| Current Ratio | 0.84 | ||
| Quick Ratio | 0.61 | ||
| Altman-Z | 3.87 |
F-Score7
WACC7.21%
ROIC/WACC1.37
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 Y5.81%
EPS Next 2Y9.11%
EPS Next 3Y9.27%
EPS Next 5Y10.1%
Revenue 1Y (TTM)-1.99%
Revenue growth 3Y5.06%
Revenue growth 5Y4.3%
Sales Q2Q%2.94%
Revenue Next Year0.89%
Revenue Next 2Y3%
Revenue Next 3Y3.73%
Revenue Next 5Y4.07%
EBIT growth 1Y6.38%
EBIT growth 3Y9.02%
EBIT growth 5Y7.28%
EBIT Next Year58.93%
EBIT Next 3Y22.7%
EBIT Next 5Y16.17%
FCF growth 1Y-11.78%
FCF growth 3Y1.77%
FCF growth 5Y6.15%
OCF growth 1Y-1.15%
OCF growth 3Y4.31%
OCF growth 5Y6.05%