AIR PRODUCTS & CHEMICALS INC (AP3.DE) Stock Fundamental Analysis
Europe - FRA:AP3 - US0091581068 - Common Stock
220.9 EUR
-4.2 (-1.87%)
Taking everything into account, AP3 scores 2 out of 10 in our fundamental rating. AP3 was compared to 69 industry peers in the Chemicals industry. AP3 has a medium profitability rating, but doesn't score so well on its financial health evaluation. AP3 has a expensive valuation and it also scores bad on growth.
1. Profitability
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.
Each year in the past 5 years AP3 had a positive operating cash flow.
1.2 Ratios
AP3's Return On Assets of -0.96% is on the low side compared to the rest of the industry. AP3 is outperformed by 63.77% of its industry peers.
AP3's Return On Equity of -2.63% is on the low side compared to the rest of the industry. AP3 is outperformed by 69.57% of its industry peers.
AP3 has a Return On Invested Capital of 6.23%. This is in the better half of the industry: AP3 outperforms 63.77% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for AP3 is in line with the industry average of 6.77%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.96% | ||
| ROE | -2.63% | ||
| ROIC | 6.23% |
ROA(3y)5.3%
ROA(5y)6.4%
ROE(3y)11.97%
ROE(5y)13.72%
ROIC(3y)6.89%
ROIC(5y)7.28%
1.3 Margins
Looking at the Operating Margin, with a value of 23.74%, AP3 belongs to the top of the industry, outperforming 97.10% of the companies in the same industry.
In the last couple of years the Operating Margin of AP3 has remained more or less at the same level.
AP3 has a Gross Margin of 31.41%. This is comparable to the rest of the industry: AP3 outperforms 46.38% of its industry peers.
In the last couple of years the Gross Margin of AP3 has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 23.74% | ||
| PM (TTM) | N/A | ||
| GM | 31.41% |
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%
2. Health
2.1 Basic Checks
AP3 has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it 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.
2.2 Solvency
AP3 has a Debt/Equity ratio of 1.13. This is a high value indicating a heavy dependency on external financing.
AP3 has a Debt to Equity ratio of 1.13. This is amonst the worse of the industry: AP3 underperforms 84.06% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.13 | ||
| Debt/FCF | N/A | ||
| Altman-Z | N/A |
ROIC/WACC0.75
WACC8.3%
2.3 Liquidity
A Current Ratio of 1.38 indicates that AP3 should not have too much problems paying its short term obligations.
AP3's Current ratio of 1.38 is on the low side compared to the rest of the industry. AP3 is outperformed by 69.57% of its industry peers.
A Quick Ratio of 1.20 indicates that AP3 should not have too much problems paying its short term obligations.
AP3 has a Quick ratio (1.20) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.38 | ||
| Quick Ratio | 1.2 |
3. Growth
3.1 Past
AP3 shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -3.22%.
The Earnings Per Share has been growing slightly by 7.07% on average over the past years.
The Revenue has decreased by -0.52% in the past year.
The Revenue has been growing slightly by 6.33% on average over the past years.
EPS 1Y (TTM)-3.22%
EPS 3Y4.94%
EPS 5Y7.07%
EPS Q2Q%-4.78%
Revenue 1Y (TTM)-0.52%
Revenue growth 3Y-1.77%
Revenue growth 5Y6.33%
Sales Q2Q%-0.65%
3.2 Future
The Earnings Per Share is expected to grow by 6.29% on average over the next years.
AP3 is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.48% yearly.
EPS Next Y8.12%
EPS Next 2Y8.59%
EPS Next 3Y10.45%
EPS Next 5Y6.29%
Revenue Next Year4.58%
Revenue Next 2Y5.11%
Revenue Next 3Y7.96%
Revenue Next 5Y5.48%
3.3 Evolution
The EPS growth rate is stable: in the next years the growth will be about the same than in the last years.
The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 21.28, which indicates a rather expensive current valuation of AP3.
AP3's Price/Earnings ratio is in line with the industry average.
When comparing the Price/Earnings ratio of AP3 to the average of the S&P500 Index (25.56), we can say AP3 is valued inline with the index average.
Based on the Price/Forward Earnings ratio of 19.69, the valuation of AP3 can be described as rather expensive.
Compared to the rest of the industry, the Price/Forward Earnings ratio of AP3 is on the same level as its industry peers.
AP3's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 34.62.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.28 | ||
| Fwd PE | 19.69 |
4.2 Price Multiples
65.22% of the companies in the same industry are cheaper than AP3, based on the Enterprise Value to EBITDA ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 16.46 |
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)2.62
PEG (5Y)3.01
EPS Next 2Y8.59%
EPS Next 3Y10.45%
5. Dividend
5.1 Amount
AP3 has a Yearly Dividend Yield of 2.72%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 3.36, AP3 pays a bit more dividend than its industry peers.
AP3's Dividend Yield is comparable with the S&P500 average which is at 2.44.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.72% |
5.2 History
The dividend of AP3 is nicely growing with an annual growth rate of 7.31%!
Dividend Growth(5Y)7.31%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
AP3 has negative earnings and hence a negative payout ratio. The dividend may be in danger.
The dividend of AP3 is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP-401.55%
EPS Next 2Y8.59%
EPS Next 3Y10.45%
FRA:AP3 (11/17/2025, 7:00:00 PM)
220.9
-4.2 (-1.87%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryChemicals
Earnings (Last)
Earnings (Next)
Inst Owners94.38%
Inst Owner ChangeN/A
Ins Owners0.03%
Ins Owner ChangeN/A
Market Cap49.16B
Revenue(TTM)12.04B
Net Income(TTM)-394.50M
Analysts75.86
Price Target284.91 (28.98%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.72% |
Yearly Dividend6.11
Dividend Growth(5Y)7.31%
DP-401.55%
Div Incr Years1
Div Non Decr Years1
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)0.68%
Min EPS beat(2)-0.83%
Max EPS beat(2)2.18%
EPS beat(4)1
Avg EPS beat(4)-1.26%
Min EPS beat(4)-5.81%
Max EPS beat(4)2.18%
EPS beat(8)4
Avg EPS beat(8)-0.21%
EPS beat(12)7
Avg EPS beat(12)-0.09%
EPS beat(16)9
Avg EPS beat(16)0.11%
Revenue beat(2)1
Avg Revenue beat(2)-0.33%
Min Revenue beat(2)-1.28%
Max Revenue beat(2)0.62%
Revenue beat(4)1
Avg Revenue beat(4)-0.8%
Min Revenue beat(4)-1.31%
Max Revenue beat(4)0.62%
Revenue beat(8)1
Avg Revenue beat(8)-2.42%
Revenue beat(12)2
Avg Revenue beat(12)-2.88%
Revenue beat(16)5
Avg Revenue beat(16)-0.92%
PT rev (1m)0.01%
PT rev (3m)0.4%
EPS NQ rev (1m)-0.81%
EPS NQ rev (3m)-0.84%
EPS NY rev (1m)-0.4%
EPS NY rev (3m)-0.95%
Revenue NQ rev (1m)-1.25%
Revenue NQ rev (3m)-1.56%
Revenue NY rev (1m)-0.04%
Revenue NY rev (3m)-0.03%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.28 | ||
| Fwd PE | 19.69 | ||
| P/S | 4.73 | ||
| P/FCF | N/A | ||
| P/OCF | 17.5 | ||
| P/B | 3.79 | ||
| P/tB | 4.14 | ||
| EV/EBITDA | 16.46 |
EPS(TTM)10.38
EY4.7%
EPS(NY)11.22
Fwd EY5.08%
FCF(TTM)-14.6
FCFYN/A
OCF(TTM)12.62
OCFY5.71%
SpS46.66
BVpS58.24
TBVpS53.36
PEG (NY)2.62
PEG (5Y)3.01
Graham Number116.62
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.96% | ||
| ROE | -2.63% | ||
| ROCE | 7.76% | ||
| ROIC | 6.23% | ||
| ROICexc | 6.56% | ||
| ROICexgc | 6.81% | ||
| OM | 23.74% | ||
| PM (TTM) | N/A | ||
| GM | 31.41% | ||
| 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-Score2
Asset Turnover0.29
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.13 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 3.84 | ||
| Cap/Depr | 448.96% | ||
| Cap/Sales | 58.34% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 73.65% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.38 | ||
| Quick Ratio | 1.2 | ||
| Altman-Z | N/A |
F-Score2
WACC8.3%
ROIC/WACC0.75
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)-3.22%
EPS 3Y4.94%
EPS 5Y7.07%
EPS Q2Q%-4.78%
EPS Next Y8.12%
EPS Next 2Y8.59%
EPS Next 3Y10.45%
EPS Next 5Y6.29%
Revenue 1Y (TTM)-0.52%
Revenue growth 3Y-1.77%
Revenue growth 5Y6.33%
Sales Q2Q%-0.65%
Revenue Next Year4.58%
Revenue Next 2Y5.11%
Revenue Next 3Y7.96%
Revenue Next 5Y5.48%
EBIT growth 1Y-2.79%
EBIT growth 3Y5.8%
EBIT growth 5Y5.33%
EBIT Next Year87.67%
EBIT Next 3Y30.14%
EBIT Next 5Y17.49%
FCF growth 1Y-19.55%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-10.69%
OCF growth 3Y0.27%
OCF growth 5Y-0.05%
AIR PRODUCTS & CHEMICALS INC / AP3.DE FAQ
What is the ChartMill fundamental rating of AIR PRODUCTS & CHEMICALS INC (AP3.DE) stock?
ChartMill assigns a fundamental rating of 2 / 10 to AP3.DE.
Can you provide the valuation status for AIR PRODUCTS & CHEMICALS INC?
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.
What are the PE and PB ratios of AIR PRODUCTS & CHEMICALS INC (AP3.DE) stock?
The Price/Earnings (PE) ratio for AIR PRODUCTS & CHEMICALS INC (AP3.DE) is 21.28 and the Price/Book (PB) ratio is 3.79.
How sustainable is the dividend of AIR PRODUCTS & CHEMICALS INC (AP3.DE) stock?
The dividend rating of AIR PRODUCTS & CHEMICALS INC (AP3.DE) is 3 / 10 and the dividend payout ratio is -401.55%.