AIR PRODUCTS & CHEMICALS INC (AP3.DE) Stock Fundamental Analysis
Europe - Frankfurt Stock Exchange - FRA:AP3 - US0091581068 - Common Stock
221.3 EUR
+3 (+1.37%)
Overall AP3 gets a fundamental rating of 2 out of 10. We evaluated AP3 against 69 industry peers in the Chemicals industry. While AP3 is still in line with the averages on profitability rating, there are concerns on its financial health. AP3 has a expensive valuation and it also scores bad on growth.
1. Profitability
1.1 Basic Checks
AP3 had positive earnings in the past year.
In the past year AP3 had a positive cash flow from operations.
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
The Return On Assets of AP3 (-0.96%) is worse than 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's Return On Invested Capital of 6.23% is fine compared to the rest of the industry. AP3 outperforms 63.77% of its industry peers.
The Average Return On Invested Capital over the past 3 years 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
AP3's Operating Margin of 23.74% is amongst the best of the industry. AP3 outperforms 97.10% of its industry peers.
AP3's Operating Margin has been stable in the last couple of years.
With a Gross Margin value of 31.41%, AP3 perfoms like the industry average, outperforming 46.38% of the companies in the same industry.
AP3's Gross Margin has been stable in the last couple of years.
| 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
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.
The number of shares outstanding for AP3 has been increased compared to 5 years ago.
AP3 has a worse debt/assets ratio than last year.
2.2 Solvency
AP3 has a Debt/Equity ratio of 1.13. This is a high value indicating a heavy dependency on external financing.
The Debt to Equity ratio of AP3 (1.13) is worse than 84.06% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.13 | ||
| Debt/FCF | N/A | ||
| Altman-Z | N/A |
ROIC/WACC0.76
WACC8.21%
2.3 Liquidity
AP3 has a Current Ratio of 1.38. 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 1.38. This is in the lower half of the industry: AP3 underperforms 69.57% of its industry peers.
AP3 has a Quick Ratio of 1.20. This is a normal value and indicates that AP3 is financially healthy and should not expect problems in meeting its short term obligations.
With a Quick ratio value of 1.20, AP3 perfoms like the industry average, outperforming 53.62% of the companies in the same 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%.
AP3 shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 7.07% yearly.
The Revenue has decreased by -0.52% in the past 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)-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
AP3 is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 6.29% yearly.
The Revenue is expected to grow by 5.48% on average over the next years.
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
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.
4. Valuation
4.1 Price/Earnings Ratio
AP3 is valuated rather expensively with a Price/Earnings ratio of 21.18.
The rest of the industry has a similar Price/Earnings ratio as AP3.
AP3's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 25.45.
With a Price/Forward Earnings ratio of 19.59, AP3 is valued on the expensive side.
Compared to the rest of the industry, the Price/Forward Earnings ratio of AP3 is on the same level as its industry peers.
When comparing the Price/Forward Earnings ratio of AP3 to the average of the S&P500 Index (34.46), we can say AP3 is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.18 | ||
| Fwd PE | 19.59 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, AP3 is valued a bit more expensive than 65.22% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 16.23 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
PEG (NY)2.61
PEG (5Y)3
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.
Compared to an average S&P500 Dividend Yield of 2.45, AP3 has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.72% |
5.2 History
On average, the dividend of AP3 grows each year by 7.31%, which is quite nice.
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 (11/21/2025, 7:00:00 PM)
221.3
+3 (+1.37%)
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 Cap49.25B
Revenue(TTM)12.04B
Net Income(TTM)-394.50M
Analysts75.86
Price Target284.91 (28.74%)
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 | 21.18 | ||
| Fwd PE | 19.59 | ||
| P/S | 4.71 | ||
| P/FCF | N/A | ||
| P/OCF | 17.41 | ||
| P/B | 3.77 | ||
| P/tB | 4.12 | ||
| EV/EBITDA | 16.23 |
EPS(TTM)10.45
EY4.72%
EPS(NY)11.3
Fwd EY5.1%
FCF(TTM)-14.7
FCFYN/A
OCF(TTM)12.71
OCFY5.74%
SpS46.98
BVpS58.64
TBVpS53.73
PEG (NY)2.61
PEG (5Y)3
Graham Number117.42
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
WACC8.21%
ROIC/WACC0.76
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 21.18 and the Price/Book (PB) ratio is 3.77.
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%.