AIR LIQUIDE SA (AI.PA) Fundamental Analysis & Valuation
EPA:AI • FR0000120073
165.38 EUR
-1.92 (-1.15%)
Last: Mar 9, 2026, 07:00 PM
This AI.PA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
Taking everything into account, AI scores 5 out of 10 in our fundamental rating. AI was compared to 67 industry peers in the Chemicals industry. While AI has a great profitability rating, there are some minor concerns on its financial health. While showing a medium growth rate, AI is valued expensive at the moment.
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.
- Each year in the past 5 years AI has been profitable.
- In the past 5 years AI always reported a positive cash flow from operatings.
1.2 Ratios
- Looking at the Return On Assets, with a value of 6.78%, AI is in the better half of the industry, outperforming 77.61% 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 71.64% of the companies in the same industry.
- AI's Return On Invested Capital of 9.75% is amongst the best of the industry. AI outperforms 82.09% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.78% | ||
| ROE | 13.42% | ||
| ROIC | 9.75% |
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
- AI has a Profit Margin of 13.06%. This is amongst the best in the industry. AI outperforms 92.54% of its industry peers.
- In the last couple of years the Profit Margin of AI has grown nicely.
- The Operating Margin of AI (20.72%) is better than 92.54% of its industry peers.
- In the last couple of years the Operating Margin of AI has grown nicely.
- With an excellent Gross Margin value of 64.18%, AI belongs to the best of the industry, outperforming 92.54% of the companies in the same industry.
- 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 | 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%
2. AI.PA Health Analysis
2.1 Basic Checks
- AI has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
- AI has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
2.2 Solvency
- AI has an Altman-Z score of 3.73. This indicates that AI is financially healthy and has little risk of bankruptcy at the moment.
- AI has a Altman-Z score of 3.73. This is in the better half of the industry: AI outperforms 76.12% of its industry peers.
- AI has a debt to FCF ratio of 5.10. This is a neutral value as AI would need 5.10 years to pay back of all of its debts.
- With a decent Debt to FCF ratio value of 5.10, AI is doing good in the industry, outperforming 65.67% of the companies in the same industry.
- A Debt/Equity ratio of 0.42 indicates that AI is not too dependend on debt financing.
- Looking at the Debt to Equity ratio, with a value of 0.42, AI is in line with its industry, outperforming 52.24% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.42 | ||
| Debt/FCF | 5.1 | ||
| Altman-Z | 3.73 |
ROIC/WACC1.24
WACC7.84%
2.3 Liquidity
- AI has a Current Ratio of 1.14. This is a normal value and indicates that AI is financially healthy and should not expect problems in meeting its short term obligations.
- AI has a Current ratio of 1.14. This is amonst the worse of the industry: AI underperforms 80.60% of its industry peers.
- A Quick Ratio of 0.90 indicates that AI may have some problems paying its short term obligations.
- AI has a worse Quick ratio (0.90) than 65.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.14 | ||
| Quick Ratio | 0.9 |
3. AI.PA Growth Analysis
3.1 Past
- AI shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -0.78%.
- 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%.
- Measured over the past years, AI shows a small growth in Revenue. The Revenue has been growing by 5.63% on average per year.
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
- Based on estimates for the next years, AI will show a quite strong growth in Earnings Per Share. The EPS will grow by 11.19% on average per year.
- Based on estimates for the next years, AI will show a small growth in Revenue. The Revenue will grow by 4.80% on average per year.
EPS Next Y15.62%
EPS Next 2Y12.9%
EPS Next 3Y11.98%
EPS Next 5Y11.19%
Revenue Next Year3.69%
Revenue Next 2Y4.46%
Revenue Next 3Y4.55%
Revenue Next 5Y4.8%
3.3 Evolution
- The EPS growth rate is accelerating: in the next years the growth will be better 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. AI.PA Valuation Analysis
4.1 Price/Earnings Ratio
- Based on the Price/Earnings ratio of 25.92, the valuation of AI can be described as expensive.
- 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 26.46.
- The Price/Forward Earnings ratio is 22.42, which indicates a rather expensive current valuation of AI.
- AI's Price/Forward Earnings is on the same level as the industry average.
- Compared to an average S&P500 Price/Forward Earnings ratio of 24.65, AI is valued at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 25.92 | ||
| Fwd PE | 22.42 |
4.2 Price Multiples
- AI's Enterprise Value to EBITDA ratio is in line with the industry average.
- Compared to the rest of the industry, the Price/Free Cash Flow ratio of AI is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 35.81 | ||
| EV/EBITDA | 13.09 |
4.3 Compensation for Growth
- The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
- The excellent profitability rating of AI may justify a higher PE ratio.
PEG (NY)1.66
PEG (5Y)3.09
EPS Next 2Y12.9%
EPS Next 3Y11.98%
5. AI.PA Dividend Analysis
5.1 Amount
- AI has a Yearly Dividend Yield of 2.17%.
- Compared to an average industry Dividend Yield of 2.29, AI has a dividend in line with its industry peers.
- Compared to an average S&P500 Dividend Yield of 1.82, AI has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.17% |
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
- 55.57% of the earnings are spent on dividend by AI. 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.
DP55.57%
EPS Next 2Y12.9%
EPS Next 3Y11.98%
AI.PA Fundamentals: All Metrics, Ratios and Statistics
EPA:AI (3/9/2026, 7:00:00 PM)
165.38
-1.92 (-1.15%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryChemicals
Earnings (Last)02-20 2026-02-20/amc
Earnings (Next)04-22 2026-04-22
Inst Owners26.3%
Inst Owner ChangeN/A
Ins Owners0.14%
Ins Owner ChangeN/A
Market Cap95.80B
Revenue(TTM)26.94B
Net Income(TTM)3.52B
Analysts81.88
Price Target200.36 (21.15%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.17% |
Yearly Dividend2.98
Dividend Growth(5Y)5.86%
DP55.57%
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)0.12%
PT rev (3m)-0.96%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-0.4%
EPS NY rev (3m)-2.24%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.97%
Revenue NY rev (3m)-1.08%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 25.92 | ||
| Fwd PE | 22.42 | ||
| P/S | 3.56 | ||
| P/FCF | 35.81 | ||
| P/OCF | 14.7 | ||
| P/B | 3.65 | ||
| P/tB | 8.85 | ||
| EV/EBITDA | 13.09 |
EPS(TTM)6.38
EY3.86%
EPS(NY)7.38
Fwd EY4.46%
FCF(TTM)4.62
FCFY2.79%
OCF(TTM)11.25
OCFY6.8%
SpS46.51
BVpS45.25
TBVpS18.69
PEG (NY)1.66
PEG (5Y)3.09
Graham Number80.6
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.78% | ||
| ROE | 13.42% | ||
| ROCE | 12.93% | ||
| ROIC | 9.75% | ||
| ROICexc | 10.74% | ||
| ROICexgc | 17.68% | ||
| OM | 20.72% | ||
| PM (TTM) | 13.06% | ||
| GM | 64.18% | ||
| FCFM | 9.93% |
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
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 Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.42 | ||
| Debt/FCF | 5.1 | ||
| Debt/EBITDA | 1.36 | ||
| 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 | 3.73 |
F-Score6
WACC7.84%
ROIC/WACC1.24
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 Year3.69%
Revenue Next 2Y4.46%
Revenue Next 3Y4.55%
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 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.
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 8 / 10.
What is the financial health of AIR LIQUIDE SA (AI.PA) stock?
The financial health rating of AIR LIQUIDE SA (AI.PA) is 4 / 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 15.62% in the next year.