AIR PRODUCTS & CHEMICALS INC (AP3.DE) Stock Fundamental Analysis
Europe - Frankfurt Stock Exchange - FRA:AP3 - US0091581068 - Common Stock
206.2 EUR
-2.2 (-1.06%)
We assign a fundamental rating of 3 out of 10 to AP3. AP3 was compared to 75 industry peers in the Chemicals industry. AP3 has a medium profitability rating, but doesn't score so well on its financial health evaluation. AP3 is valued expensive and it does not seem to be growing.
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
With a Return On Assets value of -0.96%, AP3 is not doing good in the industry: 66.67% of the companies in the same industry are doing better.
AP3 has a Return On Equity of -2.63%. This is in the lower half of the industry: AP3 underperforms 72.00% of its industry peers.
Looking at the Return On Invested Capital, with a value of 6.23%, AP3 is in the better half of the industry, outperforming 62.67% of the companies in the same industry.
AP3 had an Average Return On Invested Capital over the past 3 years of 6.89%. This is in line with the industry average of 7.13%.
| 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
The Operating Margin of AP3 (23.74%) is better than 97.33% of its industry peers.
AP3's Operating Margin has been stable in the last couple of years.
Looking at the Gross Margin, with a value of 31.41%, AP3 is in line with its industry, outperforming 44.00% 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.
Compared to 5 years ago, AP3 has more shares outstanding
Compared to 1 year ago, AP3 has a worse debt to assets ratio.
2.2 Solvency
An Altman-Z score of 2.42 indicates that AP3 is not a great score, but indicates only limited risk for bankruptcy at the moment.
With a Altman-Z score value of 2.42, AP3 perfoms like the industry average, outperforming 54.67% of the companies in the same industry.
AP3 has a Debt/Equity ratio of 1.13. This is a high value indicating a heavy dependency on external financing.
AP3's Debt to Equity ratio of 1.13 is on the low side compared to the rest of the industry. AP3 is outperformed by 85.33% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.13 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 2.42 |
ROIC/WACC0.52
WACC11.95%
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 worse Current ratio (1.38) than 68.00% 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 57.33% 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.
Measured over the past 5 years, AP3 shows a small growth in Earnings Per Share. The EPS has been growing by 7.07% on average per year.
Looking at the last year, AP3 shows a decrease in Revenue. The Revenue has decreased by -0.52% in the last 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
The Earnings Per Share is expected to grow by 7.69% on average over the next years.
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
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
The Price/Earnings ratio is 20.20, 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 26.50, AP3 is valued a bit cheaper.
A Price/Forward Earnings ratio of 18.52 indicates a rather expensive valuation of AP3.
AP3's Price/Forward Earnings ratio is in line with the industry average.
AP3 is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 23.93, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.2 | ||
| Fwd PE | 18.52 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, AP3 is valued a bit more expensive than the industry average as 64.00% of the companies are valued more cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 15.81 |
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)2.23
PEG (5Y)2.86
EPS Next 2Y8.39%
EPS Next 3Y9.47%
5. Dividend
5.1 Amount
AP3 has a Yearly Dividend Yield of 2.94%.
AP3's Dividend Yield is a higher than the industry average which is at 2.58.
AP3's Dividend Yield is rather good when compared to the S&P500 average which is at 1.87.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.94% |
5.2 History
The dividend of AP3 is nicely growing with an annual growth rate of 7.30%!
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.
The dividend of AP3 is growing around the same rate as the earnings are growing. If this keeps up the dividend growth is sustainable.
DP-401.55%
EPS Next 2Y8.39%
EPS Next 3Y9.47%
FRA:AP3 (12/23/2025, 7:00:00 PM)
206.2
-2.2 (-1.06%)
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 Cap45.90B
Revenue(TTM)12.04B
Net Income(TTM)-394.50M
Analysts76.55
Price Target267.43 (29.69%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.94% |
Yearly Dividend6.08
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)-6.14%
PT rev (3m)-5.19%
EPS NQ rev (1m)0.04%
EPS NQ rev (3m)-1.46%
EPS NY rev (1m)0.88%
EPS NY rev (3m)0.5%
Revenue NQ rev (1m)0.03%
Revenue NQ rev (3m)-1.63%
Revenue NY rev (1m)-0.57%
Revenue NY rev (3m)-0.59%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.2 | ||
| Fwd PE | 18.52 | ||
| P/S | 4.49 | ||
| P/FCF | N/A | ||
| P/OCF | 16.61 | ||
| P/B | 3.6 | ||
| P/tB | 3.93 | ||
| EV/EBITDA | 15.81 |
EPS(TTM)10.21
EY4.95%
EPS(NY)11.13
Fwd EY5.4%
FCF(TTM)-14.35
FCFYN/A
OCF(TTM)12.41
OCFY6.02%
SpS45.88
BVpS57.27
TBVpS52.48
PEG (NY)2.23
PEG (5Y)2.86
Graham Number114.7
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 | 2.42 |
F-Score2
WACC11.95%
ROIC/WACC0.52
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 20.2 and the Price/Book (PB) ratio is 3.6.
How sustainable is the dividend of AIR PRODUCTS & CHEMICALS INC (AP3.DE) stock?
The dividend rating of AIR PRODUCTS & CHEMICALS INC (AP3.DE) is 5 / 10 and the dividend payout ratio is -401.55%.