AIR PRODUCTS & CHEMICALS INC (AP3.DE) Stock Fundamental Analysis
Europe - FRA:AP3 - US0091581068 - Common Stock
225.1 EUR
-0.9 (-0.4%)
Taking everything into account, AP3 scores 2 out of 10 in our fundamental rating. AP3 was compared to 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
AP3 had positive earnings in the past year.
In the past year AP3 had a positive cash flow from operations.
AP3 had positive earnings in 4 of the past 5 years.
Each year in the past 5 years AP3 had a positive operating cash flow.
1.2 Ratios
With a Return On Assets value of -0.96%, AP3 is not doing good in the industry: 62.69% of the companies in the same industry are doing better.
AP3's Return On Equity of -2.63% is on the low side compared to the rest of the industry. AP3 is outperformed by 68.66% of its industry peers.
AP3 has a Return On Invested Capital of 6.23%. This is in the better half of the industry: AP3 outperforms 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 6.77%.
| 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
AP3 has a better Operating Margin (23.74%) than 97.01% of its industry peers.
In the last couple of years the Operating Margin of AP3 has remained more or less at the same level.
AP3's Gross Margin of 31.41% is in line compared to the rest of the industry. AP3 outperforms 47.76% of 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
AP3 has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
Compared to 1 year ago, AP3 has about the same amount of shares outstanding.
Compared to 5 years ago, AP3 has more shares outstanding
The debt/assets ratio for AP3 is higher compared to a year ago.
2.2 Solvency
A Debt/Equity ratio of 1.13 is on the high side and indicates that AP3 has dependencies on debt financing.
Looking at the Debt to Equity ratio, with a value of 1.13, AP3 is doing worse than 83.58% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.13 | ||
| Debt/FCF | N/A | ||
| Altman-Z | N/A |
ROIC/WACC0.8
WACC7.76%
2.3 Liquidity
A Current Ratio of 1.38 indicates that AP3 should not have too much problems paying its short term obligations.
Looking at the Current ratio, with a value of 1.38, AP3 is doing worse than 68.66% of the companies in the same industry.
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.
The Quick ratio of AP3 (1.20) 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%.
The Earnings Per Share has been growing slightly by 7.07% on average over the past years.
AP3 shows a decrease in Revenue. In the last year, the revenue decreased by -0.52%.
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 6.29% on average over the next years.
AP3 is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.48% yearly.
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.
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
Based on the Price/Earnings ratio of 21.79, the valuation of AP3 can be described as rather expensive.
Compared to the rest of the industry, the Price/Earnings ratio of AP3 is on the same level as its industry peers.
AP3 is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 25.89, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 20.16, AP3 is valued on the expensive side.
AP3's Price/Forward Earnings is on the same level as the industry average.
When comparing the Price/Forward Earnings ratio of AP3 to the average of the S&P500 Index (34.59), we can say AP3 is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.79 | ||
| Fwd PE | 20.16 |
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 65.67% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 16.77 |
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.
PEG (NY)2.68
PEG (5Y)3.08
EPS Next 2Y8.59%
EPS Next 3Y10.45%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.72%, AP3 has a reasonable but not impressive dividend return.
AP3's Dividend Yield is a higher than the industry average which is at 3.36.
Compared to an average S&P500 Dividend Yield of 2.44, AP3 has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.72% |
5.2 History
The dividend of AP3 is nicely growing with an annual growth rate of 7.31%!
Dividend Growth(5Y)7.31%
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 slower than its dividend. This means the dividend growth is not sustainable.
DP-401.55%
EPS Next 2Y8.59%
EPS Next 3Y10.45%
FRA:AP3 (11/14/2025, 7:00:00 PM)
225.1
-0.9 (-0.4%)
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 Cap50.10B
Revenue(TTM)12.04B
Net Income(TTM)-394.50M
Analysts75.86
Price Target284.91 (26.57%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.72% |
Yearly Dividend6.11
Dividend Growth(5Y)7.31%
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)0.01%
PT rev (3m)0.4%
EPS NQ rev (1m)-0.81%
EPS NQ rev (3m)-0.84%
EPS NY rev (1m)-0.4%
EPS NY rev (3m)-0.95%
Revenue NQ rev (1m)-1.25%
Revenue NQ rev (3m)-1.56%
Revenue NY rev (1m)-0.04%
Revenue NY rev (3m)-0.03%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.79 | ||
| Fwd PE | 20.16 | ||
| P/S | 4.85 | ||
| P/FCF | N/A | ||
| P/OCF | 17.92 | ||
| P/B | 3.88 | ||
| P/tB | 4.24 | ||
| EV/EBITDA | 16.77 |
EPS(TTM)10.33
EY4.59%
EPS(NY)11.17
Fwd EY4.96%
FCF(TTM)-14.53
FCFYN/A
OCF(TTM)12.56
OCFY5.58%
SpS46.44
BVpS57.96
TBVpS53.11
PEG (NY)2.68
PEG (5Y)3.08
Graham Number116.07
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 | 250 | ||
| Cash Conversion | 73.65% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.38 | ||
| Quick Ratio | 1.2 | ||
| Altman-Z | N/A |
F-Score2
WACC7.76%
ROIC/WACC0.8
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 Y8.12%
EPS Next 2Y8.59%
EPS Next 3Y10.45%
EPS Next 5Y6.29%
Revenue 1Y (TTM)-0.52%
Revenue growth 3Y-1.77%
Revenue growth 5Y6.33%
Sales Q2Q%-0.65%
Revenue Next Year4.58%
Revenue Next 2Y5.11%
Revenue Next 3Y7.96%
Revenue Next 5Y5.48%
EBIT growth 1Y-2.79%
EBIT growth 3Y5.8%
EBIT growth 5Y5.33%
EBIT Next Year87.67%
EBIT Next 3Y30.14%
EBIT Next 5Y17.49%
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 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 21.79 and the Price/Book (PB) ratio is 3.88.
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 -401.55%.