AIR LIQUIDE SA (AI.PA) Stock Fundamental Analysis
Europe • Euronext Paris • EPA:AI • FR0000120073
159.48 EUR
+0.04 (+0.03%)
Last: Feb 3, 2026, 05:36 PM
Taking everything into account, AI scores 6 out of 10 in our fundamental rating. AI was compared to 68 industry peers in the Chemicals industry. AI has an excellent profitability rating, but there are some minor concerns on its financial health. While showing a medium growth rate, AI is valued expensive at the moment.
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.
- Each year in the past 5 years AI has been profitable.
- Each year in the past 5 years AI had a positive operating cash flow.
1.2 Ratios
- AI has a better Return On Assets (6.70%) than 77.94% of its industry peers.
- AI has a Return On Equity of 13.49%. This is in the better half of the industry: AI outperforms 77.94% of its industry peers.
- AI has a Return On Invested Capital of 9.87%. This is amongst the best in the industry. AI outperforms 85.29% 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 3 year average ROIC (9.47%) for AI is below the current ROIC(9.87%), indicating increased profibility in the last year.
| 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
- With an excellent Profit Margin value of 12.22%, AI belongs to the best of the industry, outperforming 91.18% of the companies in the same industry.
- AI's Profit Margin has improved in the last couple of years.
- AI's Operating Margin of 19.93% is amongst the best of the industry. AI outperforms 94.12% of its industry peers.
- AI's Operating Margin has improved in the last couple of years.
- The Gross Margin of AI (63.01%) is better than 92.65% 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 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.
- The number of shares outstanding for AI remains at a similar level compared to 1 year ago.
- The number of shares outstanding for AI has been increased compared to 5 years ago.
- Compared to 1 year ago, AI has an improved debt to assets ratio.
2.2 Solvency
- An Altman-Z score of 3.66 indicates that AI is not in any danger for bankruptcy at the moment.
- AI has a better Altman-Z score (3.66) than 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.
- Looking at the Debt to FCF ratio, with a value of 4.60, AI belongs to the top of the industry, outperforming 80.88% 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.
- The Debt to Equity ratio of AI (0.47) 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
- A Current Ratio of 0.84 indicates that AI may have some problems paying its short term obligations.
- With a Current ratio value of 0.84, AI is not doing good in the industry: 82.35% of the companies in the same industry are doing better.
- AI has a Quick 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.
- With a Quick ratio value of 0.61, AI is not doing good in the industry: 82.35% of the companies in the same industry are doing better.
- 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
- The Earnings Per Share has grown by an nice 11.10% over the past year.
- Measured over the past years, AI shows a quite strong growth in Earnings Per Share. The EPS has been growing by 11.55% on average per year.
- 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
- AI is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 10.14% yearly.
- AI is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.85% yearly.
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
- The EPS growth rate is stable: in the next years the growth will be about the same 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.
4. Valuation
4.1 Price/Earnings Ratio
- The Price/Earnings ratio is 25.44, which means the current valuation is very expensive for AI.
- Compared to the rest of the industry, the Price/Earnings ratio of AI is on the same level as its industry peers.
- AI's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 28.41.
- Based on the Price/Forward Earnings ratio of 21.53, the valuation of AI can be described as rather expensive.
- The rest of the industry has a similar Price/Forward Earnings ratio as AI.
- Compared to an average S&P500 Price/Forward Earnings ratio of 25.64, AI is valued at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 25.44 | ||
| Fwd PE | 21.53 |
4.2 Price Multiples
- The rest of the industry has a similar Enterprise Value to EBITDA ratio as AI.
- 60.29% of the companies in the same industry are more expensive than AI, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 33.57 | ||
| 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.
- The excellent profitability rating of AI may justify a higher PE ratio.
PEG (NY)6.61
PEG (5Y)2.2
EPS Next 2Y7.33%
EPS Next 3Y8.28%
5. Dividend
5.1 Amount
- AI has a Yearly Dividend Yield of 2.09%. Purely for dividend investing, there may be better candidates out there.
- Compared to an average industry Dividend Yield of 2.28, AI has a dividend in line with its industry peers.
- AI's Dividend Yield is comparable with the S&P500 average which is at 1.83.
| 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
- 59.10% 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.
DP59.1%
EPS Next 2Y7.33%
EPS Next 3Y8.28%
EPA:AI (2/3/2026, 5:36:15 PM)
159.48
+0.04 (+0.03%)
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 Cap92.26B
Revenue(TTM)27.06B
Net Income(TTM)3.31B
Analysts81.29
Price Target201.38 (26.27%)
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 | 25.44 | ||
| Fwd PE | 21.53 | ||
| P/S | 3.41 | ||
| P/FCF | 33.57 | ||
| P/OCF | 14.3 | ||
| P/B | 3.76 | ||
| P/tB | 10.09 | ||
| EV/EBITDA | 12.74 |
EPS(TTM)6.27
EY3.93%
EPS(NY)7.41
Fwd EY4.64%
FCF(TTM)4.75
FCFY2.98%
OCF(TTM)11.16
OCFY6.99%
SpS46.77
BVpS42.37
TBVpS15.81
PEG (NY)6.61
PEG (5Y)2.2
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.