AIR PRODUCTS & CHEMICALS INC (AP3.DE) Stock Fundamental Analysis
Europe - FRA:AP3 - US0091581068 - Common Stock
206.5 EUR
-1.8 (-0.86%)
AP3 gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 66 industry peers in the Chemicals industry. AP3 scores excellent on profitability, but 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
In the past year AP3 was profitable.
In the past year AP3 had a positive cash flow from operations.
Each year in the past 5 years AP3 has been profitable.
Each year in the past 5 years AP3 had a positive operating cash flow.
1.2 Ratios
The Return On Assets of AP3 (3.72%) is better than 65.15% of its industry peers.
AP3 has a Return On Equity of 9.98%. This is in the better half of the industry: AP3 outperforms 69.70% of its industry peers.
AP3 has a better Return On Invested Capital (6.24%) than 62.12% 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 7.12%.
| 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 has a Profit Margin of 12.86%. This is amongst the best in the industry. AP3 outperforms 92.42% of its industry peers.
AP3's Profit Margin has improved in the last couple of years.
With an excellent Operating Margin value of 24.01%, AP3 belongs to the best of the industry, outperforming 96.97% 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.
The Gross Margin of AP3 (31.87%) 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 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.
Compared to 1 year ago, AP3 has a worse debt to assets ratio.
2.2 Solvency
An Altman-Z score of 2.38 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 2.38. This is comparable to the rest of the industry: AP3 outperforms 56.06% of its industry peers.
AP3 has a Debt/Equity ratio of 1.09. This is a high value indicating a heavy dependency on external financing.
The Debt to Equity ratio of AP3 (1.09) is worse than 81.82% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.09 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 2.38 |
ROIC/WACC0.81
WACC7.68%
2.3 Liquidity
A Current Ratio of 1.29 indicates that AP3 should not have too much problems paying its short term obligations.
The Current ratio of AP3 (1.29) is worse than 77.27% of its industry peers.
A Quick Ratio of 1.12 indicates that AP3 should not have too much problems paying its short term obligations.
AP3's Quick ratio of 1.12 is in line compared to the rest of the industry. AP3 outperforms 48.48% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.29 | ||
| Quick Ratio | 1.12 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 1.50% over the past year.
AP3 shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 8.62% yearly.
AP3 shows a decrease in Revenue. In the last year, the revenue decreased by -0.38%.
AP3 shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 6.29% yearly.
EPS 1Y (TTM)1.5%
EPS 3Y11.28%
EPS 5Y8.62%
EPS Q2Q%-3.44%
Revenue 1Y (TTM)-0.38%
Revenue growth 3Y5.44%
Revenue growth 5Y6.29%
Sales Q2Q%1.25%
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 6.37% on average per year.
AP3 is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.98% yearly.
EPS Next Y-2.39%
EPS Next 2Y2.38%
EPS Next 3Y4.5%
EPS Next 5Y6.37%
Revenue Next Year-1%
Revenue Next 2Y1.75%
Revenue Next 3Y3.03%
Revenue Next 5Y5.98%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
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
The Price/Earnings ratio is 19.44, which indicates a rather expensive current valuation of AP3.
AP3's Price/Earnings ratio is a bit cheaper when compared to the industry. AP3 is cheaper than 63.64% of the companies in the same industry.
When comparing the Price/Earnings ratio of AP3 to the average of the S&P500 Index (26.13), we can say AP3 is valued slightly cheaper.
The Price/Forward Earnings ratio is 18.22, which indicates a rather expensive current valuation of AP3.
AP3's Price/Forward Earnings ratio is in line with the industry average.
AP3 is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 22.35, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.44 | ||
| Fwd PE | 18.22 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of AP3 indicates a slightly more expensive valuation: AP3 is more expensive than 62.12% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 15.28 |
4.3 Compensation for Growth
The decent profitability rating of AP3 may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)2.26
EPS Next 2Y2.38%
EPS Next 3Y4.5%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.93%, AP3 has a reasonable but not impressive dividend return.
AP3's Dividend Yield is a higher than the industry average which is at 3.21.
AP3's Dividend Yield is a higher than the S&P500 average which is at 2.39.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.93% |
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
AP3 pays out 101.85% of its income as dividend. 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 2Y2.38%
EPS Next 3Y4.5%
FRA:AP3 (11/5/2025, 7:00:00 PM)
206.5
-1.8 (-0.86%)
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 Cap45.96B
Revenue(TTM)12.06B
Net Income(TTM)1.55B
Analysts75.86
Price Target284.5 (37.77%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.93% |
Yearly Dividend6.1
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)0.86%
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)0.37%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.44 | ||
| Fwd PE | 18.22 | ||
| P/S | 4.38 | ||
| P/FCF | N/A | ||
| P/OCF | 17.89 | ||
| P/B | 3.4 | ||
| P/tB | 3.7 | ||
| EV/EBITDA | 15.28 |
EPS(TTM)10.62
EY5.14%
EPS(NY)11.34
Fwd EY5.49%
FCF(TTM)-18.09
FCFYN/A
OCF(TTM)11.54
OCFY5.59%
SpS47.15
BVpS60.75
TBVpS55.78
PEG (NY)N/A
PEG (5Y)2.26
Graham Number120.49
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 | 2.38 |
F-Score5
WACC7.68%
ROIC/WACC0.81
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)1.5%
EPS 3Y11.28%
EPS 5Y8.62%
EPS Q2Q%-3.44%
EPS Next Y-2.39%
EPS Next 2Y2.38%
EPS Next 3Y4.5%
EPS Next 5Y6.37%
Revenue 1Y (TTM)-0.38%
Revenue growth 3Y5.44%
Revenue growth 5Y6.29%
Sales Q2Q%1.25%
Revenue Next Year-1%
Revenue Next 2Y1.75%
Revenue Next 3Y3.03%
Revenue Next 5Y5.98%
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 4 / 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 7 / 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 19.44 and the Price/Book (PB) ratio is 3.4.
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 101.85%.