AIR LIQUIDE SA (AI.PA) Stock Fundamental Analysis
Europe • Euronext Paris • EPA:AI • FR0000120073
158.78 EUR
-0.66 (-0.41%)
Last: Feb 3, 2026, 01:46 PM
AI gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 68 industry peers in the Chemicals industry. AI scores excellent on profitability, but there are some minor concerns on its financial health. AI is quite expensive at the moment. It does show a decent growth rate.
1. Profitability
1.1 Basic Checks
- AI had positive earnings in the past year.
- In the past year AI had a positive cash flow from operations.
- In the past 5 years AI has always been profitable.
- Each year in the past 5 years AI had a positive operating cash flow.
1.2 Ratios
- Looking at the Return On Assets, with a value of 6.70%, AI is in the better half of the industry, outperforming 77.94% of the companies in the same industry.
- With a decent Return On Equity value of 13.49%, AI is doing good in the industry, outperforming 77.94% of the companies in the same industry.
- The Return On Invested Capital of AI (9.87%) is better than 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 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
- Looking at the Profit Margin, with a value of 12.22%, AI belongs to the top of the industry, outperforming 91.18% of the companies in the same industry.
- In the last couple of years the Profit Margin of AI has grown nicely.
- AI has a better Operating Margin (19.93%) than 94.12% of its industry peers.
- In the last couple of years the Operating Margin of AI has grown nicely.
- AI has a Gross Margin of 63.01%. This is amongst the best in the industry. AI outperforms 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.
- Compared to 5 years ago, AI has more shares outstanding
- AI has a better debt/assets ratio than last year.
2.2 Solvency
- AI has an Altman-Z score of 3.66. This indicates that AI is financially healthy and has little risk of bankruptcy at the moment.
- The Altman-Z score of AI (3.66) is better than 73.53% of its industry peers.
- The Debt to FCF ratio of AI is 4.60, which is a neutral value as it means it would take AI, 4.60 years of fcf income to pay off all of its debts.
- AI's Debt to FCF ratio of 4.60 is amongst the best of the industry. AI outperforms 80.88% of its industry peers.
- A Debt/Equity ratio of 0.47 indicates that AI is not too dependend on debt financing.
- 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
- 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's Current ratio of 0.84 is on the low side compared to the rest of the industry. AI is outperformed by 82.35% of its industry peers.
- 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.
- Looking at the Quick ratio, with a value of 0.61, AI is doing worse than 82.35% of the companies in the same industry.
- The current and quick ratio evaluation for AI is rather negative, while it does have 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.
- Looking at the last year, AI shows a decrease in Revenue. The Revenue has decreased by -1.99% in the last year.
- 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.
- 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
- 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.
- 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
- AI is valuated quite expensively with a Price/Earnings ratio of 25.32.
- Compared to the rest of the industry, the Price/Earnings ratio of AI is on the same level as its industry peers.
- The average S&P500 Price/Earnings ratio is at 28.41. AI is around the same levels.
- With a Price/Forward Earnings ratio of 21.44, AI is valued on the expensive side.
- AI's Price/Forward Earnings ratio is in line with the industry average.
- When comparing the Price/Forward Earnings ratio of AI to the average of the S&P500 Index (25.64), we can say AI is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 25.32 | ||
| Fwd PE | 21.44 |
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.
- Based on the Price/Free Cash Flow ratio, AI is valued a bit cheaper than 60.29% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 33.42 | ||
| 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)6.58
PEG (5Y)2.19
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.
- AI's Dividend Yield is comparable with the industry average which is at 2.28.
- 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 (2/3/2026, 1:46:59 PM)
158.78
-0.66 (-0.41%)
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 Cap91.86B
Revenue(TTM)27.06B
Net Income(TTM)3.31B
Analysts81.29
Price Target201.38 (26.83%)
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 | 25.32 | ||
| Fwd PE | 21.44 | ||
| P/S | 3.39 | ||
| P/FCF | 33.42 | ||
| P/OCF | 14.23 | ||
| P/B | 3.75 | ||
| P/tB | 10.04 | ||
| EV/EBITDA | 12.74 |
EPS(TTM)6.27
EY3.95%
EPS(NY)7.41
Fwd EY4.66%
FCF(TTM)4.75
FCFY2.99%
OCF(TTM)11.16
OCFY7.03%
SpS46.77
BVpS42.37
TBVpS15.81
PEG (NY)6.58
PEG (5Y)2.19
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.