AIR LIQUIDE SA (AIL.DE) Stock Fundamental Analysis
FRA:AIL - Deutsche Boerse Ag - FR0000120073 - Common Stock - Currency: EUR
We assign a fundamental rating of 5 out of 10 to AIL. AIL was compared to 60 industry peers in the Chemicals industry. While AIL belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. AIL has a valuation in line with the averages, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
AIL had positive earnings in the past year.
In the past year AIL had a positive cash flow from operations.
AIL had positive earnings in each of the past 5 years.
AIL had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
Looking at the Return On Assets, with a value of 6.17%, AIL is in the better half of the industry, outperforming 77.19% of the companies in the same industry.
AIL's Return On Equity of 12.46% is amongst the best of the industry. AIL outperforms 80.70% of its industry peers.
Looking at the Return On Invested Capital, with a value of 9.25%, AIL belongs to the top of the industry, outperforming 85.96% 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 6.58%.
The last Return On Invested Capital (9.25%) for AIL is above the 3 year average (8.90%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.17% | ||
| ROE | 12.46% | ||
| ROIC | 9.25% |
ROA(3y)5.81%
ROA(5y)5.67%
ROE(3y)12.09%
ROE(5y)12.25%
ROIC(3y)8.9%
ROIC(5y)8.52%
1.3 Margins
AIL has a better Profit Margin (11.15%) than 85.96% of its industry peers.
AIL's Profit Margin has improved in the last couple of years.
AIL has a better Operating Margin (18.36%) than 92.98% of its industry peers.
In the last couple of years the Operating Margin of AIL has grown nicely.
AIL has a Gross Margin of 59.62%. This is amongst the best in the industry. AIL outperforms 91.23% of its industry peers.
AIL's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 18.36% | ||
| PM (TTM) | 11.15% | ||
| GM | 59.62% |
OM growth 3Y-0.26%
OM growth 5Y2.26%
PM growth 3Y-2.11%
PM growth 5Y2.08%
GM growth 3Y-2.77%
GM growth 5Y-0.33%
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 has been increased compared to 1 year ago.
AIL has more shares outstanding than it did 5 years ago.
The debt/assets ratio for AIL has been reduced compared to a year ago.
2.2 Solvency
An Altman-Z score of 3.70 indicates that AIL is not in any danger for bankruptcy at the moment.
The Altman-Z score of AIL (3.70) is better than 85.96% of its industry peers.
AIL has a debt to FCF ratio of 4.69. This is a neutral value as AIL would need 4.69 years to pay back of all of its debts.
The Debt to FCF ratio of AIL (4.69) is better than 75.44% of its industry peers.
A Debt/Equity ratio of 0.44 indicates that AIL is not too dependend on debt financing.
AIL has a Debt to Equity ratio (0.44) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.44 | ||
| Debt/FCF | 4.69 | ||
| Altman-Z | 3.7 |
ROIC/WACC1.33
WACC6.95%
2.3 Liquidity
AIL has a Current Ratio of 0.77. This is a bad value and indicates that AIL is not financially healthy enough and could expect problems in meeting its short term obligations.
AIL's Current ratio of 0.77 is on the low side compared to the rest of the industry. AIL is outperformed by 94.74% of its industry peers.
AIL has a Quick Ratio of 0.77. 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 Quick ratio value of 0.57, AIL is not doing good in the industry: 92.98% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.77 | ||
| Quick Ratio | 0.57 |
3. Growth
3.1 Past
AIL shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -4.41%.
Measured over the past 5 years, AIL shows a small growth in Earnings Per Share. The EPS has been growing by 7.69% on average per year.
AIL shows a decrease in Revenue. In the last year, the revenue decreased by -7.77%.
AIL shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 5.61% yearly.
EPS 1Y (TTM)-4.41%
EPS 3Y7.94%
EPS 5Y7.69%
EPS Q2Q%-2.67%
Revenue 1Y (TTM)-7.77%
Revenue growth 3Y10.46%
Revenue growth 5Y5.61%
Sales Q2Q%-4.3%
3.2 Future
The Earnings Per Share is expected to grow by 12.31% on average over the next years. This is quite good.
Based on estimates for the next years, AIL will show a small growth in Revenue. The Revenue will grow by 4.15% on average per year.
EPS Next Y18.73%
EPS Next 2Y14.53%
EPS Next 3Y12.62%
EPS Next 5Y12.31%
Revenue Next Year-1.89%
Revenue Next 2Y1.63%
Revenue Next 3Y2.7%
Revenue Next 5Y4.15%
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 accelerating.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
AIL is valuated quite expensively with a Price/Earnings ratio of 31.88.
AIL's Price/Earnings is on the same level as the industry average.
AIL is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 28.47, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 23.93, AIL is valued on the expensive side.
AIL's Price/Forward Earnings ratio is in line with the industry average.
AIL's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 92.74.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 31.88 | ||
| Fwd PE | 23.93 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, AIL is valued a bit more expensive than the industry average as 61.40% of the companies are valued more cheaply.
The rest of the industry has a similar Price/Free Cash Flow ratio as AIL.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 34.62 | ||
| EV/EBITDA | 14.17 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
AIL has an outstanding profitability rating, which may justify a higher PE ratio.
AIL's earnings are expected to grow with 12.62% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.7
PEG (5Y)4.15
EPS Next 2Y14.53%
EPS Next 3Y12.62%
5. Dividend
5.1 Amount
AIL has a Yearly Dividend Yield of 1.72%.
Compared to an average industry Dividend Yield of 3.94, AIL has a dividend in line with its industry peers.
AIL's Dividend Yield is slightly below the S&P500 average, which is at 2.28.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.72% |
5.2 History
The dividend of AIL has a limited annual growth rate of 5.14%.
Dividend Growth(5Y)5.14%
Div Incr Years5
Div Non Decr Years5
5.3 Sustainability
AIL pays out 55.81% 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.
DP55.81%
EPS Next 2Y14.53%
EPS Next 3Y12.62%
AIR LIQUIDE SA
FRA:AIL (2/4/2025, 7:00:00 PM)
168.34
+0.64 (+0.38%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryChemicals
Earnings (Last)
Earnings (Next)
Inst Owners27.76%
Inst Owner ChangeN/A
Ins Owners0.13%
Ins Owner ChangeN/A
Market Cap97.34B
Analysts80
Price Target190.19 (12.98%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.72% |
Yearly Dividend2.88
Dividend Growth(5Y)5.14%
DP55.81%
Div Incr Years5
Div Non Decr Years5
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)-0.87%
PT rev (3m)0.63%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-1.07%
EPS NY rev (3m)-1.07%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.05%
Revenue NY rev (3m)-0.05%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 31.88 | ||
| Fwd PE | 23.93 | ||
| P/S | 3.53 | ||
| P/FCF | 34.62 | ||
| P/OCF | 15.83 | ||
| P/B | 3.94 | ||
| P/tB | 11.32 | ||
| EV/EBITDA | 14.17 |
EPS(TTM)5.28
EY3.14%
EPS(NY)7.03
Fwd EY4.18%
FCF(TTM)4.86
FCFY2.89%
OCF(TTM)10.63
OCFY6.32%
SpS47.74
BVpS42.71
TBVpS14.87
PEG (NY)1.7
PEG (5Y)4.15
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.17% | ||
| ROE | 12.46% | ||
| ROCE | 12.81% | ||
| ROIC | 9.25% | ||
| ROICexc | 9.67% | ||
| ROICexgc | 16.3% | ||
| OM | 18.36% | ||
| PM (TTM) | 11.15% | ||
| GM | 59.62% | ||
| FCFM | 10.18% |
ROA(3y)5.81%
ROA(5y)5.67%
ROE(3y)12.09%
ROE(5y)12.25%
ROIC(3y)8.9%
ROIC(5y)8.52%
ROICexc(3y)9.35%
ROICexc(5y)8.93%
ROICexgc(3y)16.12%
ROICexgc(5y)15.53%
ROCE(3y)11.88%
ROCE(5y)11.37%
ROICexcg growth 3Y3.56%
ROICexcg growth 5Y3.96%
ROICexc growth 3Y4.99%
ROICexc growth 5Y5.16%
OM growth 3Y-0.26%
OM growth 5Y2.26%
PM growth 3Y-2.11%
PM growth 5Y2.08%
GM growth 3Y-2.77%
GM growth 5Y-0.33%
F-Score7
Asset Turnover0.55
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.44 | ||
| Debt/FCF | 4.69 | ||
| Debt/EBITDA | 1.45 | ||
| Cap/Depr | 134.52% | ||
| Cap/Sales | 12.08% | ||
| Interest Coverage | 19.18 | ||
| Cash Conversion | 81.45% | ||
| Profit Quality | 91.35% | ||
| Current Ratio | 0.77 | ||
| Quick Ratio | 0.57 | ||
| Altman-Z | 3.7 |
F-Score7
WACC6.95%
ROIC/WACC1.33
Cap/Depr(3y)134.57%
Cap/Depr(5y)130.01%
Cap/Sales(3y)11.91%
Cap/Sales(5y)12.12%
Profit Quality(3y)96.12%
Profit Quality(5y)97.35%
High Growth Momentum
Growth
EPS 1Y (TTM)-4.41%
EPS 3Y7.94%
EPS 5Y7.69%
EPS Q2Q%-2.67%
EPS Next Y18.73%
EPS Next 2Y14.53%
EPS Next 3Y12.62%
EPS Next 5Y12.31%
Revenue 1Y (TTM)-7.77%
Revenue growth 3Y10.46%
Revenue growth 5Y5.61%
Sales Q2Q%-4.3%
Revenue Next Year-1.89%
Revenue Next 2Y1.63%
Revenue Next 3Y2.7%
Revenue Next 5Y4.15%
EBIT growth 1Y4.24%
EBIT growth 3Y10.17%
EBIT growth 5Y8%
EBIT Next Year55.53%
EBIT Next 3Y21.6%
EBIT Next 5Y16.11%
FCF growth 1Y9.43%
FCF growth 3Y3.67%
FCF growth 5Y3.07%
OCF growth 1Y9.36%
OCF growth 3Y6.36%
OCF growth 5Y5.84%