AIR LIQUIDE SA (AIL.DE) Stock Fundamental Analysis

Europe • Frankfurt Stock Exchange • FRA:AIL • FR0000120073

168.02 EUR
+0.36 (+0.21%)
Last: Feb 6, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

5

AIL gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 68 industry peers in the Chemicals industry. While AIL has a great profitability rating, there are some minor concerns on its financial health. AIL is quite expensive at the moment. It does show a decent growth rate.


Dividend Valuation Growth Profitability Health

9

1. Profitability

1.1 Basic Checks

  • AIL had positive earnings in the past year.
  • AIL had a positive operating cash flow in the past year.
  • AIL had positive earnings in each of the past 5 years.
  • Each year in the past 5 years AIL had a positive operating cash flow.
AIL.DE Yearly Net Income VS EBIT VS OCF VS FCFAIL.DE 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 2B 4B 6B

1.2 Ratios

  • With a decent Return On Assets value of 6.70%, AIL is doing good in the industry, outperforming 76.47% of the companies in the same industry.
  • AIL has a better Return On Equity (13.49%) than 76.47% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 9.87%, AIL belongs to the top of the industry, outperforming 83.82% of the companies in the same industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for AIL is above the industry average of 6.72%.
  • The last Return On Invested Capital (9.87%) for AIL is above the 3 year average (9.47%), which is a sign of increasing profitability.
Industry RankSector 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%
AIL.DE Yearly ROA, ROE, ROICAIL.DE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2 4 6 8 10

1.3 Margins

  • Looking at the Profit Margin, with a value of 12.22%, AIL belongs to the top of the industry, outperforming 89.71% of the companies in the same industry.
  • AIL's Profit Margin has improved in the last couple of years.
  • AIL has a better Operating Margin (19.93%) than 92.65% of its industry peers.
  • AIL's Operating Margin has improved in the last couple of years.
  • AIL has a better Gross Margin (63.01%) than 91.18% of its industry peers.
  • In the last couple of years the Gross Margin of AIL has remained more or less at the same level.
Industry RankSector 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%
AIL.DE Yearly Profit, Operating, Gross MarginsAIL.DE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 20 40 60

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4

2. Health

2.1 Basic Checks

  • AIL has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
  • The number of shares outstanding for AIL remains at a similar level compared to 1 year ago.
  • Compared to 5 years ago, AIL has more shares outstanding
  • AIL has a better debt/assets ratio than last year.
AIL.DE Yearly Shares OutstandingAIL.DE Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M 500M
AIL.DE Yearly Total Debt VS Total AssetsAIL.DE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 10B 20B 30B 40B 50B

2.2 Solvency

  • AIL has an Altman-Z score of 3.77. This indicates that AIL is financially healthy and has little risk of bankruptcy at the moment.
  • Looking at the Altman-Z score, with a value of 3.77, AIL is in the better half of the industry, outperforming 75.00% of the companies in the same industry.
  • AIL has a debt to FCF ratio of 4.60. This is a neutral value as AIL would need 4.60 years to pay back of all of its debts.
  • AIL has a better Debt to FCF ratio (4.60) than 79.41% of its industry peers.
  • AIL has a Debt/Equity ratio of 0.47. This is a healthy value indicating a solid balance between debt and equity.
  • AIL's Debt to Equity ratio of 0.47 is in line compared to the rest of the industry. AIL outperforms 48.53% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.47
Debt/FCF 4.6
Altman-Z 3.77
ROIC/WACC1.32
WACC7.47%
AIL.DE Yearly LT Debt VS Equity VS FCFAIL.DE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B 15B 20B 25B

2.3 Liquidity

  • AIL has a Current Ratio of 0.84. This is a bad value and indicates that AIL is not financially healthy enough and could expect problems in meeting its short term obligations.
  • With a Current ratio value of 0.84, AIL is not doing good in the industry: 83.82% of the companies in the same industry are doing better.
  • AIL has a Quick Ratio of 0.84. This is a bad value and indicates that AIL 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, AIL is doing worse than 83.82% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 0.84
Quick Ratio 0.61
AIL.DE Yearly Current Assets VS Current LiabilitesAIL.DE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 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. Growth

3.1 Past

  • AIL shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 11.10%, which is quite good.
  • The Earnings Per Share has been growing by 11.55% on average over the past years. This is quite good.
  • The Revenue has decreased by -1.99% in the past year.
  • AIL shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 4.30% yearly.
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, AIL will show a quite strong growth in Earnings Per Share. The EPS will grow by 10.14% on average per year.
  • The Revenue is expected to grow by 3.85% on average over the next years.
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.
AIL.DE Yearly Revenue VS EstimatesAIL.DE 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
AIL.DE Yearly EPS VS EstimatesAIL.DE 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. Valuation

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 26.80, AIL can be considered very expensive at the moment.
  • The rest of the industry has a similar Price/Earnings ratio as AIL.
  • The average S&P500 Price/Earnings ratio is at 27.92. AIL is around the same levels.
  • Based on the Price/Forward Earnings ratio of 22.68, the valuation of AIL can be described as rather expensive.
  • The rest of the industry has a similar Price/Forward Earnings ratio as AIL.
  • The average S&P500 Price/Forward Earnings ratio is at 27.78. AIL is around the same levels.
Industry RankSector Rank
PE 26.8
Fwd PE 22.68
AIL.DE Price Earnings VS Forward Price EarningsAIL.DE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • AIL's Enterprise Value to EBITDA is on the same level as the industry average.
  • AIL's Price/Free Cash Flow is on the same level as the industry average.
Industry RankSector Rank
P/FCF 35.36
EV/EBITDA 13.34
AIL.DE Per share dataAIL.DE 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 AIL does not grow enough to justify the current Price/Earnings ratio.
  • AIL has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)6.96
PEG (5Y)2.32
EPS Next 2Y7.33%
EPS Next 3Y8.28%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

4

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 2.09%, AIL has a reasonable but not impressive dividend return.
  • Compared to an average industry Dividend Yield of 2.28, AIL has a dividend in line with its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.83, AIL has a dividend comparable with the average S&P500 company.
Industry RankSector Rank
Dividend Yield 2.09%

5.2 History

  • The dividend of AIL has a limited annual growth rate of 5.86%.
Dividend Growth(5Y)5.86%
Div Incr Years6
Div Non Decr Years6
AIL.DE Yearly Dividends per shareAIL.DE Yearly Dividends per shareYearly Dividends per share 2019 2020 2021 2022 2023 2024 2025 1 2 3

5.3 Sustainability

  • AIL pays out 59.10% of its income as dividend. This is a bit on the high side, but may be sustainable.
  • The dividend of AIL is growing, but earnings are growing more, so the dividend growth is sustainable.
DP59.1%
EPS Next 2Y7.33%
EPS Next 3Y8.28%
AIL.DE Yearly Income VS Free CF VS DividendAIL.DE Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B
AIL.DE Dividend Payout.AIL.DE Dividend Payout, showing the Payout Ratio.AIL.DE Dividend Payout.PayoutRetained Earnings

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AIR LIQUIDE SA

FRA:AIL (2/6/2026, 7:00:00 PM)

168.02

+0.36 (+0.21%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryChemicals
Earnings (Last)10-21
Earnings (Next)02-20
Inst Owners27.85%
Inst Owner ChangeN/A
Ins Owners0.14%
Ins Owner ChangeN/A
Market Cap97.20B
Revenue(TTM)27.06B
Net Income(TTM)3.31B
Analysts81.29
Price Target201.45 (19.9%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector 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)-0.44%
PT rev (3m)-0.13%
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 RankSector Rank
PE 26.8
Fwd PE 22.68
P/S 3.59
P/FCF 35.36
P/OCF 15.06
P/B 3.97
P/tB 10.63
EV/EBITDA 13.34
EPS(TTM)6.27
EY3.73%
EPS(NY)7.41
Fwd EY4.41%
FCF(TTM)4.75
FCFY2.83%
OCF(TTM)11.16
OCFY6.64%
SpS46.77
BVpS42.37
TBVpS15.81
PEG (NY)6.96
PEG (5Y)2.32
Graham Number77.32
Profitability
Industry RankSector 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 RankSector 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 3.77
F-Score7
WACC7.47%
ROIC/WACC1.32
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 / AIL.DE FAQ

What is the fundamental rating for AIL stock?

ChartMill assigns a fundamental rating of 5 / 10 to AIL.DE.


What is the valuation status for AIL stock?

ChartMill assigns a valuation rating of 3 / 10 to AIR LIQUIDE SA (AIL.DE). This can be considered as Overvalued.


How profitable is AIR LIQUIDE SA (AIL.DE) stock?

AIR LIQUIDE SA (AIL.DE) has a profitability rating of 9 / 10.


Can you provide the financial health for AIL stock?

The financial health rating of AIR LIQUIDE SA (AIL.DE) is 4 / 10.


How sustainable is the dividend of AIR LIQUIDE SA (AIL.DE) stock?

The dividend rating of AIR LIQUIDE SA (AIL.DE) is 4 / 10 and the dividend payout ratio is 59.1%.