AIR PRODUCTS & CHEMICALS INC (AP3.DE) Fundamental Analysis & Valuation

FRA:AP3 • US0091581068

Current stock price

256.3 EUR
+9.8 (+3.98%)
Last:

This AP3.DE fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

4

1. AP3.DE Profitability Analysis

1.1 Basic Checks

  • In the past year AP3 was profitable.
  • AP3 had a positive operating cash flow in the past year.
  • AP3 had positive earnings in 4 of the past 5 years.
  • AP3 had a positive operating cash flow in each of the past 5 years.
AP3.DE Yearly Net Income VS EBIT VS OCF VS FCFAP3.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 2025 0 2B -2B

1.2 Ratios

  • AP3 has a Return On Assets (-0.81%) which is comparable to the rest of the industry.
  • With a Return On Equity value of -2.17%, AP3 is not doing good in the industry: 60.87% of the companies in the same industry are doing better.
  • AP3 has a Return On Invested Capital (6.25%) which is comparable to the rest of the industry.
  • The Average Return On Invested Capital over the past 3 years for AP3 is in line with the industry average of 7.00%.
Industry RankSector Rank
ROA -0.81%
ROE -2.17%
ROIC 6.25%
ROA(3y)5.3%
ROA(5y)6.4%
ROE(3y)11.97%
ROE(5y)13.72%
ROIC(3y)6.89%
ROIC(5y)7.28%
AP3.DE Yearly ROA, ROE, ROICAP3.DE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10 20

1.3 Margins

  • Looking at the Operating Margin, with a value of 24.09%, AP3 belongs to the top of the industry, outperforming 95.65% of the companies in the same industry.
  • AP3's Operating Margin has been stable in the last couple of years.
  • AP3 has a Gross Margin (31.63%) which is in line with its industry peers.
  • AP3's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 24.09%
PM (TTM) N/A
GM 31.63%
OM growth 3Y7.7%
OM growth 5Y-0.94%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y5.89%
GM growth 5Y-1.48%
AP3.DE Yearly Profit, Operating, Gross MarginsAP3.DE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10 20 30

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2

2. AP3.DE Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), AP3 is destroying value.
  • AP3 has about the same amout of shares outstanding than it did 1 year ago.
  • The number of shares outstanding for AP3 has been increased compared to 5 years ago.
  • The debt/assets ratio for AP3 is higher compared to a year ago.
AP3.DE Yearly Shares OutstandingAP3.DE Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M 200M
AP3.DE Yearly Total Debt VS Total AssetsAP3.DE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10B 20B 30B 40B

2.2 Solvency

  • AP3 has an Altman-Z score of 2.71. This is not the best score and indicates that AP3 is in the grey zone with still only limited risk for bankruptcy at the moment.
  • AP3 has a Altman-Z score (2.71) which is in line with its industry peers.
  • A Debt/Equity ratio of 1.13 is on the high side and indicates that AP3 has dependencies on debt financing.
  • The Debt to Equity ratio of AP3 (1.13) is worse than 86.96% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.13
Debt/FCF N/A
Altman-Z 2.71
ROIC/WACC0.49
WACC12.67%
AP3.DE Yearly LT Debt VS Equity VS FCFAP3.DE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5B 10B 15B

2.3 Liquidity

  • AP3 has a Current Ratio of 1.46. This is a normal value and indicates that AP3 is financially healthy and should not expect problems in meeting its short term obligations.
  • AP3 has a Current ratio of 1.46. This is in the lower half of the industry: AP3 underperforms 62.32% of its industry peers.
  • AP3 has a Quick Ratio of 1.23. This is a normal value and indicates that AP3 is financially healthy and should not expect problems in meeting its short term obligations.
  • Looking at the Quick ratio, with a value of 1.23, AP3 is in line with its industry, outperforming 57.97% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.46
Quick Ratio 1.23
AP3.DE Yearly Current Assets VS Current LiabilitesAP3.DE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 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. AP3.DE Growth Analysis

3.1 Past

  • The earnings per share for AP3 have decreased by -1.12% in the last year.
  • Measured over the past 5 years, AP3 shows a small growth in Earnings Per Share. The EPS has been growing by 7.07% on average per year.
  • Looking at the last year, AP3 shows a small growth in Revenue. The Revenue has grown by 1.44% in the last year.
  • Measured over the past years, AP3 shows a small growth in Revenue. The Revenue has been growing by 6.33% on average per year.
EPS 1Y (TTM)-1.12%
EPS 3Y4.94%
EPS 5Y7.07%
EPS Q2Q%10.49%
Revenue 1Y (TTM)1.44%
Revenue growth 3Y-1.77%
Revenue growth 5Y6.33%
Sales Q2Q%5.83%

3.2 Future

  • Based on estimates for the next years, AP3 will show a quite strong growth in Earnings Per Share. The EPS will grow by 9.04% on average per year.
  • Based on estimates for the next years, AP3 will show a small growth in Revenue. The Revenue will grow by 6.57% on average per year.
EPS Next Y9.68%
EPS Next 2Y8.66%
EPS Next 3Y8.66%
EPS Next 5Y9.04%
Revenue Next Year4.87%
Revenue Next 2Y5.45%
Revenue Next 3Y5.53%
Revenue Next 5Y6.57%

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.
AP3.DE Yearly Revenue VS EstimatesAP3.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 5B 10B 15B
AP3.DE Yearly EPS VS EstimatesAP3.DE Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 5 10 15

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1

4. AP3.DE Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 23.95, AP3 is valued on the expensive side.
  • AP3's Price/Earnings is on the same level as the industry average.
  • AP3's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 26.21.
  • The Price/Forward Earnings ratio is 20.80, which indicates a rather expensive current valuation of AP3.
  • The rest of the industry has a similar Price/Forward Earnings ratio as AP3.
  • When comparing the Price/Forward Earnings ratio of AP3 to the average of the S&P500 Index (23.13), we can say AP3 is valued inline with the index average.
Industry RankSector Rank
PE 23.95
Fwd PE 20.8
AP3.DE Price Earnings VS Forward Price EarningsAP3.DE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • AP3's Enterprise Value to EBITDA ratio is a bit more expensive when compared to the industry. AP3 is more expensive than 63.77% of the companies in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 18.23
AP3.DE Per share dataAP3.DE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 20 40 60

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates AP3 does not grow enough to justify the current Price/Earnings ratio.
PEG (NY)2.47
PEG (5Y)3.39
EPS Next 2Y8.66%
EPS Next 3Y8.66%

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

5

5. AP3.DE Dividend Analysis

5.1 Amount

  • AP3 has a Yearly Dividend Yield of 2.48%.
  • Compared to an average industry Dividend Yield of 2.35, AP3 pays a bit more dividend than its industry peers.
  • AP3's Dividend Yield is a higher than the S&P500 average which is at 1.89.
Industry RankSector Rank
Dividend Yield 2.48%

5.2 History

  • The dividend of AP3 is nicely growing with an annual growth rate of 7.30%!
Dividend Growth(5Y)7.3%
Div Incr Years1
Div Non Decr Years1
AP3.DE Yearly Dividends per shareAP3.DE Yearly Dividends per shareYearly Dividends per share 2021 2022 2023 2024 2025 2026 2 4 6

5.3 Sustainability

  • The earnings of AP3 are negative and hence is the payout ratio. AP3 will probably not be able to sustain this dividend level.
  • AP3's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP-476.15%
EPS Next 2Y8.66%
EPS Next 3Y8.66%
AP3.DE Yearly Income VS Free CF VS DividendAP3.DE Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B -2B

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AP3.DE Fundamentals: All Metrics, Ratios and Statistics

AIR PRODUCTS & CHEMICALS INC

FRA:AP3 (4/2/2026, 7:00:00 PM)

256.3

+9.8 (+3.98%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryChemicals
Earnings (Last)01-30
Earnings (Next)04-29
Inst Owners94.28%
Inst Owner ChangeN/A
Ins Owners1.88%
Ins Owner ChangeN/A
Market Cap57.07B
Revenue(TTM)12.21B
Net Income(TTM)-333.70M
Analysts75.86
Price Target261.35 (1.97%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 2.48%
Yearly Dividend6.18
Dividend Growth(5Y)7.3%
DP-476.15%
Div Incr Years1
Div Non Decr Years1
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)0.95%
Min EPS beat(2)-0.83%
Max EPS beat(2)2.73%
EPS beat(4)2
Avg EPS beat(4)-0.43%
Min EPS beat(4)-5.81%
Max EPS beat(4)2.73%
EPS beat(8)5
Avg EPS beat(8)1.02%
EPS beat(12)8
Avg EPS beat(12)0.41%
EPS beat(16)10
Avg EPS beat(16)0.31%
Revenue beat(2)1
Avg Revenue beat(2)-0.31%
Min Revenue beat(2)-1.28%
Max Revenue beat(2)0.67%
Revenue beat(4)2
Avg Revenue beat(4)-0.33%
Min Revenue beat(4)-1.31%
Max Revenue beat(4)0.67%
Revenue beat(8)2
Avg Revenue beat(8)-1.47%
Revenue beat(12)3
Avg Revenue beat(12)-2.46%
Revenue beat(16)5
Avg Revenue beat(16)-1.4%
PT rev (1m)0%
PT rev (3m)0.7%
EPS NQ rev (1m)0.08%
EPS NQ rev (3m)1.21%
EPS NY rev (1m)0%
EPS NY rev (3m)0.61%
Revenue NQ rev (1m)0.13%
Revenue NQ rev (3m)1.08%
Revenue NY rev (1m)0.08%
Revenue NY rev (3m)0.91%
Valuation
Industry RankSector Rank
PE 23.95
Fwd PE 20.8
P/S 5.39
P/FCF N/A
P/OCF 19.66
P/B 4.27
P/tB 4.65
EV/EBITDA 18.23
EPS(TTM)10.7
EY4.17%
EPS(NY)12.32
Fwd EY4.81%
FCF(TTM)-10.95
FCFYN/A
OCF(TTM)13.04
OCFY5.09%
SpS47.57
BVpS60.06
TBVpS55.12
PEG (NY)2.47
PEG (5Y)3.39
Graham Number120.24
Profitability
Industry RankSector Rank
ROA -0.81%
ROE -2.17%
ROCE 7.79%
ROIC 6.25%
ROICexc 6.43%
ROICexgc 6.66%
OM 24.09%
PM (TTM) N/A
GM 31.63%
FCFM N/A
ROA(3y)5.3%
ROA(5y)6.4%
ROE(3y)11.97%
ROE(5y)13.72%
ROIC(3y)6.89%
ROIC(5y)7.28%
ROICexc(3y)7.39%
ROICexc(5y)8.33%
ROICexgc(3y)7.7%
ROICexgc(5y)8.79%
ROCE(3y)8.6%
ROCE(5y)9.08%
ROICexgc growth 3Y-12.25%
ROICexgc growth 5Y-10.36%
ROICexc growth 3Y-11.59%
ROICexc growth 5Y-9.49%
OM growth 3Y7.7%
OM growth 5Y-0.94%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y5.89%
GM growth 5Y-1.48%
F-Score3
Asset Turnover0.3
Health
Industry RankSector Rank
Debt/Equity 1.13
Debt/FCF N/A
Debt/EBITDA 3.85
Cap/Depr 392.59%
Cap/Sales 50.43%
Interest Coverage 250
Cash Conversion 74.21%
Profit Quality N/A
Current Ratio 1.46
Quick Ratio 1.23
Altman-Z 2.71
F-Score3
WACC12.67%
ROIC/WACC0.49
Cap/Depr(3y)419.31%
Cap/Depr(5y)332.63%
Cap/Sales(3y)50.41%
Cap/Sales(5y)39.63%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-1.12%
EPS 3Y4.94%
EPS 5Y7.07%
EPS Q2Q%10.49%
EPS Next Y9.68%
EPS Next 2Y8.66%
EPS Next 3Y8.66%
EPS Next 5Y9.04%
Revenue 1Y (TTM)1.44%
Revenue growth 3Y-1.77%
Revenue growth 5Y6.33%
Sales Q2Q%5.83%
Revenue Next Year4.87%
Revenue Next 2Y5.45%
Revenue Next 3Y5.53%
Revenue Next 5Y6.57%
EBIT growth 1Y-0.19%
EBIT growth 3Y5.8%
EBIT growth 5Y5.33%
EBIT Next Year87.56%
EBIT Next 3Y28.59%
EBIT Next 5Y21.12%
FCF growth 1Y-32.31%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y7.46%
OCF growth 3Y0.27%
OCF growth 5Y-0.05%

AIR PRODUCTS & CHEMICALS INC / AP3.DE Fundamental Analysis FAQ

What is the ChartMill fundamental rating of AIR PRODUCTS & CHEMICALS INC (AP3.DE) stock?

ChartMill assigns a fundamental rating of 3 / 10 to AP3.DE.


What is the valuation status for AP3 stock?

ChartMill assigns a valuation rating of 1 / 10 to AIR PRODUCTS & CHEMICALS INC (AP3.DE). This can be considered as Overvalued.


Can you provide the profitability details for AIR PRODUCTS & CHEMICALS INC?

AIR PRODUCTS & CHEMICALS INC (AP3.DE) has a profitability rating of 4 / 10.


What is the valuation of AIR PRODUCTS & CHEMICALS INC based on its PE and PB ratios?

The Price/Earnings (PE) ratio for AIR PRODUCTS & CHEMICALS INC (AP3.DE) is 23.95 and the Price/Book (PB) ratio is 4.27.


Can you provide the financial health for AP3 stock?

The financial health rating of AIR PRODUCTS & CHEMICALS INC (AP3.DE) is 2 / 10.