AIR PRODUCTS & CHEMICALS INC (AP3.DE) Stock Fundamental Analysis
Europe - Frankfurt Stock Exchange - FRA:AP3 - US0091581068 - Common Stock
205 EUR
+5.9 (+2.96%)
Overall AP3 gets a fundamental rating of 3 out of 10. We evaluated AP3 against 72 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 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.
Of the past 5 years AP3 4 years were profitable.
In the past 5 years AP3 always reported a positive cash flow from operatings.
1.2 Ratios
Looking at the Return On Assets, with a value of -0.96%, AP3 is doing worse than 68.06% of the companies in the same industry.
AP3 has a worse Return On Equity (-2.63%) than 72.22% of its industry peers.
AP3 has a better Return On Invested Capital (6.23%) than 61.11% 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 7.08%.
| 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
With an excellent Operating Margin value of 23.74%, AP3 belongs to the best of the industry, outperforming 97.22% 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 (31.41%) which is in line with its industry peers.
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
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so AP3 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.
AP3 has a worse debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 2.40 indicates that AP3 is not a great score, but indicates only limited risk for bankruptcy at the moment.
AP3 has a Altman-Z score (2.40) which is comparable to the rest of the industry.
A Debt/Equity ratio of 1.13 is on the high side and indicates that AP3 has dependencies on debt financing.
With a Debt to Equity ratio value of 1.13, AP3 is not doing good in the industry: 84.72% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.13 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 2.4 |
ROIC/WACC0.82
WACC7.62%
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 68.06% 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 of 1.20. This is comparable to the rest of the industry: AP3 outperforms 55.56% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.38 | ||
| Quick Ratio | 1.2 |
3. Growth
3.1 Past
The earnings per share for AP3 have decreased by -3.22% in the last year.
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.
AP3 shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 6.33% yearly.
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
Based on estimates for the next years, AP3 will show a small growth in Earnings Per Share. The EPS will grow by 7.69% on average per year.
The Revenue is expected to grow by 6.92% on average over the next years.
EPS Next Y9.07%
EPS Next 2Y8.39%
EPS Next 3Y9.47%
EPS Next 5Y7.69%
Revenue Next Year3.98%
Revenue Next 2Y4.76%
Revenue Next 3Y6.19%
Revenue Next 5Y6.92%
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
AP3 is valuated rather expensively with a Price/Earnings ratio of 19.96.
AP3's Price/Earnings is on the same level as the industry average.
AP3's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 26.76.
The Price/Forward Earnings ratio is 18.30, which indicates a rather expensive current valuation of AP3.
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 (23.96), we can say AP3 is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.96 | ||
| Fwd PE | 18.3 |
4.2 Price Multiples
AP3's Enterprise Value to EBITDA ratio is a bit more expensive when compared to the industry. AP3 is more expensive than 68.06% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 15.66 |
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)2.2
PEG (5Y)2.82
EPS Next 2Y8.39%
EPS Next 3Y9.47%
5. Dividend
5.1 Amount
AP3 has a Yearly Dividend Yield of 2.74%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 3.19, AP3 pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.31, AP3 has a dividend comparable with the average S&P500 company.
| 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
The earnings of AP3 are negative and hence is the payout ratio. AP3 will probably not be able to sustain this dividend level.
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 2Y8.39%
EPS Next 3Y9.47%
FRA:AP3 (12/11/2025, 7:00:00 PM)
205
+5.9 (+2.96%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryChemicals
Earnings (Last)
Earnings (Next)
Inst Owners94.99%
Inst Owner ChangeN/A
Ins Owners0.03%
Ins Owner ChangeN/A
Market Cap45.63B
Revenue(TTM)12.04B
Net Income(TTM)-394.50M
Analysts76.55
Price Target267.43 (30.45%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.74% |
Yearly Dividend6.11
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)-6%
PT rev (3m)-6.86%
EPS NQ rev (1m)-0.63%
EPS NQ rev (3m)-1.46%
EPS NY rev (1m)0.88%
EPS NY rev (3m)0.5%
Revenue NQ rev (1m)-0.19%
Revenue NQ rev (3m)-1.63%
Revenue NY rev (1m)-0.57%
Revenue NY rev (3m)-0.59%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.96 | ||
| Fwd PE | 18.3 | ||
| P/S | 4.44 | ||
| P/FCF | N/A | ||
| P/OCF | 16.41 | ||
| P/B | 3.56 | ||
| P/tB | 3.88 | ||
| EV/EBITDA | 15.66 |
EPS(TTM)10.27
EY5.01%
EPS(NY)11.2
Fwd EY5.46%
FCF(TTM)-14.44
FCFYN/A
OCF(TTM)12.49
OCFY6.09%
SpS46.17
BVpS57.62
TBVpS52.8
PEG (NY)2.2
PEG (5Y)2.82
Graham Number115.39
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 | 2.4 |
F-Score2
WACC7.62%
ROIC/WACC0.82
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 Y9.07%
EPS Next 2Y8.39%
EPS Next 3Y9.47%
EPS Next 5Y7.69%
Revenue 1Y (TTM)-0.52%
Revenue growth 3Y-1.77%
Revenue growth 5Y6.33%
Sales Q2Q%-0.65%
Revenue Next Year3.98%
Revenue Next 2Y4.76%
Revenue Next 3Y6.19%
Revenue Next 5Y6.92%
EBIT growth 1Y-2.79%
EBIT growth 3Y5.8%
EBIT growth 5Y5.33%
EBIT Next Year89.09%
EBIT Next 3Y30.21%
EBIT Next 5Y19.35%
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.
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 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 19.96 and the Price/Book (PB) ratio is 3.56.
How sustainable is the dividend of AIR PRODUCTS & CHEMICALS INC (AP3.DE) stock?
The dividend rating of AIR PRODUCTS & CHEMICALS INC (AP3.DE) is 4 / 10 and the dividend payout ratio is -401.55%.