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

FRA:AP3 • US0091581068

Current stock price

253.9 EUR
+4.7 (+1.89%)
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.
  • In the past year AP3 had a positive cash flow from operations.
  • Of the past 5 years AP3 4 years were profitable.
  • Each year in the past 5 years AP3 had a positive operating cash flow.
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's Return On Assets of -0.81% is on the low side compared to the rest of the industry. AP3 is outperformed by 62.32% of its industry peers.
  • AP3 has a Return On Equity of -2.17%. This is in the lower half of the industry: AP3 underperforms 63.77% of its industry peers.
  • AP3's Return On Invested Capital of 6.25% is in line compared to the rest of the industry. AP3 outperforms 59.42% of its industry peers.
  • AP3 had an Average Return On Invested Capital over the past 3 years of 6.89%. This is in line with the industry average of 7.17%.
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 97.10% 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 comparable to the rest of the industry.
  • 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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ROAROEROICOperating and Profit MarginShow most profitable peers

3

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.
  • The number of shares outstanding for AP3 remains at a similar level compared to 1 year ago.
  • AP3 has more shares outstanding than it did 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

  • An Altman-Z score of 2.70 indicates that AP3 is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • Looking at the Altman-Z score, with a value of 2.70, AP3 is in the better half of the industry, outperforming 60.87% of the companies in the same industry.
  • AP3 has a Debt/Equity ratio of 1.13. This is a high value indicating a heavy dependency on external financing.
  • With a Debt to Equity ratio value of 1.13, AP3 is not doing good in the industry: 84.06% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 1.13
Debt/FCF N/A
Altman-Z 2.7
ROIC/WACC0.49
WACC12.72%
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 (1.46) which is comparable to the rest of the industry.
  • A Quick Ratio of 1.23 indicates that AP3 should not have too much problems paying its short term obligations.
  • Looking at the Quick ratio, with a value of 1.23, AP3 is in the better half of the industry, outperforming 60.87% 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

  • AP3 shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -1.12%.
  • 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.
  • AP3 shows a small growth in Revenue. In the last year, the Revenue has grown by 1.44%.
  • AP3 shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 6.33% yearly.
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.
  • The Revenue is expected to grow by 6.57% on average over the next years.
EPS Next Y9.68%
EPS Next 2Y8.66%
EPS Next 3Y8.66%
EPS Next 5Y9.04%
Revenue Next Year4.83%
Revenue Next 2Y5.43%
Revenue Next 3Y5.52%
Revenue Next 5Y6.57%

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 stable: in the next years the growth will be about the same than in the last years.
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

  • The Price/Earnings ratio is 23.71, which indicates a rather expensive current valuation of AP3.
  • Compared to the rest of the industry, the Price/Earnings ratio of AP3 is on the same level as its industry peers.
  • When comparing the Price/Earnings ratio of AP3 to the average of the S&P500 Index (24.89), we can say AP3 is valued inline with the index average.
  • A Price/Forward Earnings ratio of 20.59 indicates a rather expensive valuation of AP3.
  • AP3's Price/Forward Earnings ratio is in line with the industry average.
  • AP3 is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 22.19, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 23.71
Fwd PE 20.59
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

4.2 Price Multiples

  • 63.77% of the companies in the same industry are cheaper than AP3, based on the Enterprise Value to EBITDA ratio.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 18.09
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)2.45
PEG (5Y)3.35
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 2.47%.
  • 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 2.47%

5.2 History

  • On average, the dividend of AP3 grows each year by 7.30%, which is quite nice.
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

  • AP3 has negative earnings and hence a negative payout ratio. The dividend may be in danger.
  • 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 (3/26/2026, 7:00:00 PM)

253.9

+4.7 (+1.89%)

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 Cap56.53B
Revenue(TTM)12.21B
Net Income(TTM)-333.70M
Analysts74.48
Price Target261.35 (2.93%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 2.47%
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)0.06%
EPS NQ rev (3m)1.19%
EPS NY rev (1m)0.27%
EPS NY rev (3m)0.61%
Revenue NQ rev (1m)0.1%
Revenue NQ rev (3m)1.04%
Revenue NY rev (1m)0.13%
Revenue NY rev (3m)0.87%
Valuation
Industry RankSector Rank
PE 23.71
Fwd PE 20.59
P/S 5.33
P/FCF N/A
P/OCF 19.46
P/B 4.22
P/tB 4.6
EV/EBITDA 18.09
EPS(TTM)10.71
EY4.22%
EPS(NY)12.33
Fwd EY4.86%
FCF(TTM)-10.96
FCFYN/A
OCF(TTM)13.05
OCFY5.14%
SpS47.61
BVpS60.1
TBVpS55.16
PEG (NY)2.45
PEG (5Y)3.35
Graham Number120.34
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 2.7
F-Score3
WACC12.72%
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 Year4.83%
Revenue Next 2Y5.43%
Revenue Next 3Y5.52%
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.


How profitable is AIR PRODUCTS & CHEMICALS INC (AP3.DE) stock?

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


Can you provide the financial health for AP3 stock?

The financial health rating of AIR PRODUCTS & CHEMICALS INC (AP3.DE) is 3 / 10.


Is the dividend of AIR PRODUCTS & CHEMICALS INC sustainable?

The dividend rating of AIR PRODUCTS & CHEMICALS INC (AP3.DE) is 5 / 10 and the dividend payout ratio is -476.15%.