AIR PRODUCTS & CHEMICALS INC (AP3.DE) Stock Fundamental Analysis
Europe - Frankfurt Stock Exchange - FRA:AP3 - US0091581068 - Common Stock
228.9 EUR
+3.6 (+1.6%)
Overall AP3 gets a fundamental rating of 3 out of 10. We evaluated AP3 against 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 does not seem to be growing, but still is valued expensively.
1. Profitability
1.1 Basic Checks
In the past year AP3 was profitable.
In the past year AP3 had a positive cash flow from operations.
AP3 had positive earnings in 4 of the past 5 years.
In the past 5 years AP3 always reported a positive cash flow from operatings.
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 68.12% of its industry peers.
The Return On Equity of AP3 (-2.63%) is worse than 72.46% of its industry peers.
AP3 has a better Return On Invested Capital (6.23%) than 62.32% 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 6.95%.
| 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.
AP3's Operating Margin has been stable in the last couple of years.
AP3 has a Gross Margin of 31.41%. This is comparable to the rest of the industry: AP3 outperforms 43.48% 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
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.
AP3 has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, AP3 has a worse debt to assets ratio.
2.2 Solvency
An Altman-Z score of 2.54 indicates that AP3 is not a great score, but indicates only limited risk for bankruptcy at the moment.
AP3 has a Altman-Z score of 2.54. This is comparable to the rest of the industry: AP3 outperforms 55.07% of its industry peers.
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 85.51% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.13 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 2.54 |
ROIC/WACC0.51
WACC12.25%
2.3 Liquidity
A Current Ratio of 1.38 indicates that AP3 should not have too much problems paying its short term obligations.
With a Current ratio value of 1.38, AP3 is not doing good in the industry: 66.67% of the companies in the same industry are doing better.
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.
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%.
AP3 shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 7.07% yearly.
AP3 shows a decrease in Revenue. In the last year, the revenue decreased by -0.52%.
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
The Earnings Per Share is expected to grow by 7.88% on average over the next years.
Based on estimates for the next years, AP3 will show a small growth in Revenue. The Revenue will grow by 6.78% on average per year.
EPS Next Y9.02%
EPS Next 2Y8.07%
EPS Next 3Y8.66%
EPS Next 5Y7.88%
Revenue Next Year3.93%
Revenue Next 2Y5.02%
Revenue Next 3Y5.96%
Revenue Next 5Y6.78%
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 22.24.
Compared to the rest of the industry, the Price/Earnings ratio of AP3 is on the same level as its industry peers.
Compared to an average S&P500 Price/Earnings ratio of 27.25, AP3 is valued at the same level.
AP3 is valuated rather expensively with a Price/Forward Earnings ratio of 20.41.
The rest of the industry has a similar Price/Forward Earnings ratio as AP3.
AP3 is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 23.98, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.24 | ||
| Fwd PE | 20.41 |
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 | 17.05 |
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)2.47
PEG (5Y)3.15
EPS Next 2Y8.07%
EPS Next 3Y8.66%
5. Dividend
5.1 Amount
AP3 has a Yearly Dividend Yield of 2.74%.
Compared to an average industry Dividend Yield of 2.45, AP3 pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 1.92, AP3 pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.74% |
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
5.3 Sustainability
AP3 has negative earnings and hence a negative payout ratio. The dividend may be in danger.
AP3's earnings are growing around the same pace than its dividend. As long as the earnings growth is kept the dividend growth is sustainable.
DP-401.55%
EPS Next 2Y8.07%
EPS Next 3Y8.66%
FRA:AP3 (1/12/2026, 7:00:00 PM)
228.9
+3.6 (+1.6%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryChemicals
Earnings (Last)
Earnings (Next)
Inst Owners94.93%
Inst Owner ChangeN/A
Ins Owners1.88%
Ins Owner ChangeN/A
Market Cap50.95B
Revenue(TTM)12.04B
Net Income(TTM)-394.50M
Analysts74.29
Price Target259.53 (13.38%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.74% |
Yearly Dividend6.12
Dividend Growth(5Y)7.3%
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)-2.96%
PT rev (3m)-8.9%
EPS NQ rev (1m)0.04%
EPS NQ rev (3m)-1.42%
EPS NY rev (1m)-0.05%
EPS NY rev (3m)0.42%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-1.63%
Revenue NY rev (1m)-0.06%
Revenue NY rev (3m)-0.66%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.24 | ||
| Fwd PE | 20.41 | ||
| P/S | 4.95 | ||
| P/FCF | N/A | ||
| P/OCF | 18.29 | ||
| P/B | 3.96 | ||
| P/tB | 4.33 | ||
| EV/EBITDA | 17.05 |
EPS(TTM)10.29
EY4.5%
EPS(NY)11.22
Fwd EY4.9%
FCF(TTM)-14.47
FCFYN/A
OCF(TTM)12.51
OCFY5.47%
SpS46.25
BVpS57.73
TBVpS52.9
PEG (NY)2.47
PEG (5Y)3.15
Graham Number115.61
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 | 14.87 | ||
| Cash Conversion | 73.65% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.38 | ||
| Quick Ratio | 1.2 | ||
| Altman-Z | 2.54 |
F-Score2
WACC12.25%
ROIC/WACC0.51
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 Y9.02%
EPS Next 2Y8.07%
EPS Next 3Y8.66%
EPS Next 5Y7.88%
Revenue 1Y (TTM)-0.52%
Revenue growth 3Y-1.77%
Revenue growth 5Y6.33%
Sales Q2Q%-0.65%
Revenue Next Year3.93%
Revenue Next 2Y5.02%
Revenue Next 3Y5.96%
Revenue Next 5Y6.78%
EBIT growth 1Y-2.79%
EBIT growth 3Y5.8%
EBIT growth 5Y5.33%
EBIT Next Year89.03%
EBIT Next 3Y29.48%
EBIT Next 5Y19.59%
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 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 2 / 10.
Is the dividend of AIR PRODUCTS & CHEMICALS INC sustainable?
The dividend rating of AIR PRODUCTS & CHEMICALS INC (AP3.DE) is 4 / 10 and the dividend payout ratio is -401.55%.