AIR PRODUCTS & CHEMICALS INC (AP3.DE) Stock Fundamental Analysis
Europe - FRA:AP3 - US0091581068 - Common Stock
227.3 EUR
+0.4 (+0.18%)
AP3 gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 67 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 is valued expensive and it does not seem to be growing.
1. Profitability
1.1 Basic Checks
AP3 had positive earnings in the past year.
AP3 had a positive operating cash flow in the past year.
Of the past 5 years AP3 4 years were profitable.
Of the past 5 years AP3 4 years had a positive operating cash flow.
1.2 Ratios
AP3 has a Return On Assets of 3.72%. This is in the better half of the industry: AP3 outperforms 65.67% of its industry peers.
AP3 has a Return On Equity of 9.98%. This is in the better half of the industry: AP3 outperforms 70.15% of its industry peers.
AP3 has a better Return On Invested Capital (6.24%) than 64.18% 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 7.01%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.72% | ||
| ROE | 9.98% | ||
| ROIC | 6.24% |
ROA(3y)8.39%
ROA(5y)8.09%
ROE(3y)18.57%
ROE(5y)17.37%
ROIC(3y)7.56%
ROIC(5y)7.62%
1.3 Margins
AP3's Profit Margin of 12.86% is amongst the best of the industry. AP3 outperforms 92.54% of its industry peers.
AP3's Profit Margin has improved in the last couple of years.
AP3's Operating Margin of 24.01% is amongst the best of the industry. AP3 outperforms 97.01% of its industry peers.
AP3's Operating Margin has been stable in the last couple of years.
AP3 has a Gross Margin (31.87%) which is comparable to the rest of the industry.
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 | 24.01% | ||
| PM (TTM) | 12.86% | ||
| GM | 31.87% |
OM growth 3Y3.42%
OM growth 5Y-0.02%
PM growth 3Y15.88%
PM growth 5Y9.9%
GM growth 3Y2.26%
GM growth 5Y-0.31%
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 no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
2.2 Solvency
AP3 has an Altman-Z score of 2.51. 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 (2.51) which is comparable to the rest of the industry.
A Debt/Equity ratio of 1.09 is on the high side and indicates that AP3 has dependencies on debt financing.
AP3's Debt to Equity ratio of 1.09 is on the low side compared to the rest of the industry. AP3 is outperformed by 79.10% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.09 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 2.51 |
ROIC/WACC0.8
WACC7.76%
2.3 Liquidity
A Current Ratio of 1.29 indicates that AP3 should not have too much problems paying its short term obligations.
AP3 has a Current ratio of 1.29. This is in the lower half of the industry: AP3 underperforms 76.12% of its industry peers.
A Quick Ratio of 1.12 indicates that AP3 should not have too much problems paying its short term obligations.
With a Quick ratio value of 1.12, AP3 perfoms like the industry average, outperforming 46.27% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.29 | ||
| Quick Ratio | 1.12 |
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.
EPS 1Y (TTM)-3.22%
EPS 3Y4.94%
EPS 5Y7.07%
EPS Q2Q%-4.78%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-0.65%
3.2 Future
The Earnings Per Share is expected to grow by 6.29% 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 5.48% on average per year.
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.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 21.88, which indicates a rather expensive current valuation of AP3.
AP3's Price/Earnings ratio is in line with the industry average.
Compared to an average S&P500 Price/Earnings ratio of 26.34, AP3 is valued at the same level.
AP3 is valuated rather expensively with a Price/Forward Earnings ratio of 20.23.
AP3's Price/Forward Earnings ratio is in line with the industry average.
AP3's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 34.43.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.88 | ||
| Fwd PE | 20.23 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, AP3 is valued a bit more expensive than the industry average as 64.18% of the companies are valued more cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 16.58 |
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.
AP3 has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)2.69
PEG (5Y)3.1
EPS Next 2Y8.59%
EPS Next 3Y10.45%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.77%, AP3 has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 3.26, AP3 pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.36, AP3 has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.77% |
5.2 History
The dividend of AP3 is nicely growing with an annual growth rate of 9.29%!
Dividend Growth(5Y)9.29%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
101.85% of the earnings are spent on dividend by AP3. This is not a sustainable payout ratio.
The dividend of AP3 is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP101.85%
EPS Next 2Y8.59%
EPS Next 3Y10.45%
FRA:AP3 (11/12/2025, 7:00:00 PM)
227.3
+0.4 (+0.18%)
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 Cap50.59B
Revenue(TTM)N/A
Net Income(TTM)1.55B
Analysts75.86
Price Target284.5 (25.16%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.77% |
Yearly Dividend6.09
Dividend Growth(5Y)9.29%
DP101.85%
Div Incr Years1
Div Non Decr Years1
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-1.82%
Min EPS beat(2)-5.81%
Max EPS beat(2)2.18%
EPS beat(4)2
Avg EPS beat(4)-0.74%
Min EPS beat(4)-5.81%
Max EPS beat(4)2.18%
EPS beat(8)5
Avg EPS beat(8)-0.1%
EPS beat(12)8
Avg EPS beat(12)0.28%
EPS beat(16)9
Avg EPS beat(16)0.14%
Revenue beat(2)1
Avg Revenue beat(2)-0.35%
Min Revenue beat(2)-1.31%
Max Revenue beat(2)0.62%
Revenue beat(4)1
Avg Revenue beat(4)-0.93%
Min Revenue beat(4)-1.8%
Max Revenue beat(4)0.62%
Revenue beat(8)1
Avg Revenue beat(8)-2.97%
Revenue beat(12)3
Avg Revenue beat(12)-1.98%
Revenue beat(16)6
Avg Revenue beat(16)-0.52%
PT rev (1m)-0.13%
PT rev (3m)-0.92%
EPS NQ rev (1m)-0.09%
EPS NQ rev (3m)-2.77%
EPS NY rev (1m)0%
EPS NY rev (3m)0.12%
Revenue NQ rev (1m)-0.09%
Revenue NQ rev (3m)-0.25%
Revenue NY rev (1m)-0.02%
Revenue NY rev (3m)0.28%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.88 | ||
| Fwd PE | 20.23 | ||
| P/S | 4.86 | ||
| P/FCF | N/A | ||
| P/OCF | 19.83 | ||
| P/B | 3.77 | ||
| P/tB | 4.1 | ||
| EV/EBITDA | 16.58 |
EPS(TTM)10.39
EY4.57%
EPS(NY)11.24
Fwd EY4.94%
FCF(TTM)-17.96
FCFYN/A
OCF(TTM)11.46
OCFY5.04%
SpS46.8
BVpS60.31
TBVpS55.37
PEG (NY)2.69
PEG (5Y)3.1
Graham Number118.74
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.72% | ||
| ROE | 9.98% | ||
| ROCE | 7.84% | ||
| ROIC | 6.24% | ||
| ROICexc | 6.65% | ||
| ROICexgc | 6.9% | ||
| OM | 24.01% | ||
| PM (TTM) | 12.86% | ||
| GM | 31.87% | ||
| FCFM | N/A |
ROA(3y)8.39%
ROA(5y)8.09%
ROE(3y)18.57%
ROE(5y)17.37%
ROIC(3y)7.56%
ROIC(5y)7.62%
ROICexc(3y)8.39%
ROICexc(5y)9.21%
ROICexgc(3y)8.81%
ROICexgc(5y)9.81%
ROCE(3y)9.41%
ROCE(5y)9.47%
ROICexgc growth 3Y-11.13%
ROICexgc growth 5Y-10.1%
ROICexc growth 3Y-10.01%
ROICexc growth 5Y-9.24%
OM growth 3Y3.42%
OM growth 5Y-0.02%
PM growth 3Y15.88%
PM growth 5Y9.9%
GM growth 3Y2.26%
GM growth 5Y-0.31%
F-Score5
Asset Turnover0.29
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.09 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 3.84 | ||
| Cap/Depr | 494.72% | ||
| Cap/Sales | 62.86% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 66.7% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.29 | ||
| Quick Ratio | 1.12 | ||
| Altman-Z | 2.51 |
F-Score5
WACC7.76%
ROIC/WACC0.8
Cap/Depr(3y)342.56%
Cap/Depr(5y)285.18%
Cap/Sales(3y)38.64%
Cap/Sales(5y)33.63%
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)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-0.65%
Revenue Next Year4.58%
Revenue Next 2Y5.11%
Revenue Next 3Y7.96%
Revenue Next 5Y5.48%
EBIT growth 1Y2.3%
EBIT growth 3Y9.05%
EBIT growth 5Y6.27%
EBIT Next Year69.58%
EBIT Next 3Y25.04%
EBIT Next 5Y18.31%
FCF growth 1Y-533.47%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-8.32%
OCF growth 3Y2.95%
OCF growth 5Y4.19%
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.
Can you provide the valuation status for AIR PRODUCTS & CHEMICALS INC?
ChartMill assigns a valuation rating of 2 / 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 6 / 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 21.88 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 101.85%.