AIR PRODUCTS & CHEMICALS INC (APD) Fundamental Analysis & Valuation

NYSE:APD • US0091581068

Current stock price

303.35 USD
+0.97 (+0.32%)
At close:
303.35 USD
0 (0%)
Pre-Market:

This APD fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

5

1. APD Profitability Analysis

1.1 Basic Checks

  • APD had positive earnings in the past year.
  • In the past year APD had a positive cash flow from operations.
  • Of the past 5 years APD 4 years were profitable.
  • In the past 5 years APD always reported a positive cash flow from operatings.
APD Yearly Net Income VS EBIT VS OCF VS FCFAPD Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B -2B

1.2 Ratios

  • The Return On Assets of APD (-0.81%) is comparable to the rest of the industry.
  • With a Return On Equity value of -2.17%, APD perfoms like the industry average, outperforming 48.78% of the companies in the same industry.
  • Looking at the Return On Invested Capital, with a value of 6.25%, APD is in the better half of the industry, outperforming 70.73% of the companies in the same industry.
  • APD had an Average Return On Invested Capital over the past 3 years of 6.89%. This is in line with the industry average of 6.49%.
Industry RankSector Rank
ROA -0.81%
ROE -2.17%
ROIC 6.25%
ROA(3y)5.3%
ROA(5y)6.4%
ROE(3y)11.97%
ROE(5y)13.72%
ROIC(3y)6.89%
ROIC(5y)7.28%
APD Yearly ROA, ROE, ROICAPD Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10 20

1.3 Margins

  • APD's Operating Margin of 24.09% is amongst the best of the industry. APD outperforms 92.68% of its industry peers.
  • In the last couple of years the Operating Margin of APD has remained more or less at the same level.
  • APD has a better Gross Margin (31.63%) than 64.63% of its industry peers.
  • In the last couple of years the Gross Margin of APD has remained more or less at the same level.
Industry RankSector Rank
OM 24.09%
PM (TTM) N/A
GM 31.63%
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%
APD Yearly Profit, Operating, Gross MarginsAPD Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10 20 30

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2

2. APD Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), APD is destroying value.
  • Compared to 1 year ago, APD has about the same amount of shares outstanding.
  • APD has more shares outstanding than it did 5 years ago.
  • The debt/assets ratio for APD is higher compared to a year ago.
APD Yearly Shares OutstandingAPD Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M 200M
APD Yearly Total Debt VS Total AssetsAPD Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10B 20B 30B 40B

2.2 Solvency

  • APD has an Altman-Z score of 2.75. This is not the best score and indicates that APD is in the grey zone with still only limited risk for bankruptcy at the moment.
  • APD's Altman-Z score of 2.75 is fine compared to the rest of the industry. APD outperforms 73.17% of its industry peers.
  • APD has a Debt/Equity ratio of 1.13. This is a high value indicating a heavy dependency on external financing.
  • With a Debt to Equity ratio value of 1.13, APD is not doing good in the industry: 69.51% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 1.13
Debt/FCF N/A
Altman-Z 2.75
ROIC/WACC0.48
WACC13.09%
APD Yearly LT Debt VS Equity VS FCFAPD Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5B 10B 15B

2.3 Liquidity

  • APD has a Current Ratio of 1.46. This is a normal value and indicates that APD is financially healthy and should not expect problems in meeting its short term obligations.
  • Looking at the Current ratio, with a value of 1.46, APD is doing worse than 68.29% of the companies in the same industry.
  • APD has a Quick Ratio of 1.23. This is a normal value and indicates that APD is financially healthy and should not expect problems in meeting its short term obligations.
  • APD's Quick ratio of 1.23 is in line compared to the rest of the industry. APD outperforms 50.00% of its industry peers.
Industry RankSector Rank
Current Ratio 1.46
Quick Ratio 1.23
APD Yearly Current Assets VS Current LiabilitesAPD Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. APD Growth Analysis

3.1 Past

  • The earnings per share for APD have decreased by -1.12% in the last year.
  • Measured over the past 5 years, APD shows a small growth in Earnings Per Share. The EPS has been growing by 7.07% on average per year.
  • The Revenue has been growing slightly by 1.44% in the past year.
  • APD shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 6.33% yearly.
EPS 1Y (TTM)-1.12%
EPS 3Y4.94%
EPS 5Y7.07%
EPS Q2Q%10.49%
Revenue 1Y (TTM)1.44%
Revenue growth 3Y-1.77%
Revenue growth 5Y6.33%
Sales Q2Q%5.83%

3.2 Future

  • The Earnings Per Share is expected to grow by 10.98% on average over the next years. This is quite good.
  • APD is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 7.34% yearly.
EPS Next Y9.74%
EPS Next 2Y8.69%
EPS Next 3Y8.66%
EPS Next 5Y10.98%
Revenue Next Year5.07%
Revenue Next 2Y5.64%
Revenue Next 3Y5.7%
Revenue Next 5Y7.34%

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 accelerating.
  • The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
APD Yearly Revenue VS EstimatesAPD Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 5B 10B 15B
APD Yearly EPS VS EstimatesAPD Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 5 10 15 20

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1

4. APD Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 24.60, which indicates a rather expensive current valuation of APD.
  • APD's Price/Earnings is on the same level as the industry average.
  • Compared to an average S&P500 Price/Earnings ratio of 26.91, APD is valued at the same level.
  • With a Price/Forward Earnings ratio of 21.35, APD is valued on the expensive side.
  • The rest of the industry has a similar Price/Forward Earnings ratio as APD.
  • APD's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 21.99.
Industry RankSector Rank
PE 24.6
Fwd PE 21.35
APD Price Earnings VS Forward Price EarningsAPD Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • APD's Enterprise Value to EBITDA ratio is a bit more expensive when compared to the industry. APD is more expensive than 65.85% of the companies in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 18.63
APD Per share dataAPD EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 20 40 60

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)2.53
PEG (5Y)3.48
EPS Next 2Y8.69%
EPS Next 3Y8.66%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

5

5. APD Dividend Analysis

5.1 Amount

  • APD has a Yearly Dividend Yield of 2.38%.
  • Compared to an average industry Dividend Yield of 2.00, APD pays a bit more dividend than its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.82, APD pays a bit more dividend than the S&P500 average.
Industry RankSector Rank
Dividend Yield 2.38%

5.2 History

  • The dividend of APD is nicely growing with an annual growth rate of 7.30%!
  • APD has paid a dividend for at least 10 years, which is a reliable track record.
  • APD has decreased its dividend recently.
Dividend Growth(5Y)7.3%
Div Incr Years1
Div Non Decr Years1
APD Yearly Dividends per shareAPD Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2 4 6

5.3 Sustainability

  • APD has negative earnings and hence a negative payout ratio. The dividend may be in danger.
  • The dividend of APD is growing, but earnings are growing more, so the dividend growth is sustainable.
DP-476.15%
EPS Next 2Y8.69%
EPS Next 3Y8.66%
APD Yearly Income VS Free CF VS DividendAPD Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B -2B

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APD Fundamentals: All Metrics, Ratios and Statistics

AIR PRODUCTS & CHEMICALS INC

NYSE:APD (4/28/2026, 8:13:11 PM)

Premarket: 303.35 0 (0%)

303.35

+0.97 (+0.32%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryChemicals
Industry Strength72.67
Industry Growth35.4
Earnings (Last)01-30
Earnings (Next)04-29
Inst Owners93.82%
Inst Owner Change0.07%
Ins Owners1.88%
Ins Owner Change3.06%
Market Cap67.54B
Revenue(TTM)12.21B
Net Income(TTM)-333.70M
Analysts75.86
Price Target312.86 (3.13%)
Short Float %1.67%
Short Ratio2.64
Dividend
Industry RankSector Rank
Dividend Yield 2.38%
Yearly Dividend7.12
Dividend Growth(5Y)7.3%
DP-476.15%
Div Incr Years1
Div Non Decr Years1
Ex-Date04-01
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)0.95%
Min EPS beat(2)-0.83%
Max EPS beat(2)2.73%
EPS beat(4)2
Avg EPS beat(4)-0.43%
Min EPS beat(4)-5.81%
Max EPS beat(4)2.73%
EPS beat(8)5
Avg EPS beat(8)1.02%
EPS beat(12)8
Avg EPS beat(12)0.41%
EPS beat(16)10
Avg EPS beat(16)0.31%
Revenue beat(2)1
Avg Revenue beat(2)-0.31%
Min Revenue beat(2)-1.28%
Max Revenue beat(2)0.67%
Revenue beat(4)2
Avg Revenue beat(4)-0.33%
Min Revenue beat(4)-1.31%
Max Revenue beat(4)0.67%
Revenue beat(8)2
Avg Revenue beat(8)-1.47%
Revenue beat(12)3
Avg Revenue beat(12)-2.46%
Revenue beat(16)5
Avg Revenue beat(16)-1.4%
PT rev (1m)1.22%
PT rev (3m)4.35%
EPS NQ rev (1m)0.07%
EPS NQ rev (3m)1.34%
EPS NY rev (1m)0.05%
EPS NY rev (3m)0.95%
Revenue NQ rev (1m)0.03%
Revenue NQ rev (3m)1.08%
Revenue NY rev (1m)0.23%
Revenue NY rev (3m)1.21%
Valuation
Industry RankSector Rank
PE 24.6
Fwd PE 21.35
P/S 5.53
P/FCF N/A
P/OCF 20.19
P/B 4.38
P/tB 4.77
EV/EBITDA 18.63
EPS(TTM)12.33
EY4.06%
EPS(NY)14.21
Fwd EY4.68%
FCF(TTM)-12.62
FCFYN/A
OCF(TTM)15.03
OCFY4.95%
SpS54.83
BVpS69.21
TBVpS63.53
PEG (NY)2.53
PEG (5Y)3.48
Graham Number138.571 (-54.32%)
Profitability
Industry RankSector Rank
ROA -0.81%
ROE -2.17%
ROCE 7.79%
ROIC 6.25%
ROICexc 6.43%
ROICexgc 6.66%
OM 24.09%
PM (TTM) N/A
GM 31.63%
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-Score3
Asset Turnover0.3
Health
Industry RankSector Rank
Debt/Equity 1.13
Debt/FCF N/A
Debt/EBITDA 3.85
Cap/Depr 392.59%
Cap/Sales 50.43%
Interest Coverage 250
Cash Conversion 74.21%
Profit Quality N/A
Current Ratio 1.46
Quick Ratio 1.23
Altman-Z 2.75
F-Score3
WACC13.09%
ROIC/WACC0.48
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)-1.12%
EPS 3Y4.94%
EPS 5Y7.07%
EPS Q2Q%10.49%
EPS Next Y9.74%
EPS Next 2Y8.69%
EPS Next 3Y8.66%
EPS Next 5Y10.98%
Revenue 1Y (TTM)1.44%
Revenue growth 3Y-1.77%
Revenue growth 5Y6.33%
Sales Q2Q%5.83%
Revenue Next Year5.07%
Revenue Next 2Y5.64%
Revenue Next 3Y5.7%
Revenue Next 5Y7.34%
EBIT growth 1Y-0.19%
EBIT growth 3Y5.8%
EBIT growth 5Y5.33%
EBIT Next Year87.63%
EBIT Next 3Y28.81%
EBIT Next 5Y23.53%
FCF growth 1Y-32.31%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y7.46%
OCF growth 3Y0.27%
OCF growth 5Y-0.05%

AIR PRODUCTS & CHEMICALS INC / APD Fundamental Analysis FAQ

What is the fundamental rating for APD stock?

ChartMill assigns a fundamental rating of 3 / 10 to APD.


What is the valuation status for APD stock?

ChartMill assigns a valuation rating of 1 / 10 to AIR PRODUCTS & CHEMICALS INC (APD). This can be considered as Overvalued.


How profitable is AIR PRODUCTS & CHEMICALS INC (APD) stock?

AIR PRODUCTS & CHEMICALS INC (APD) has a profitability rating of 5 / 10.


What is the expected EPS growth for AIR PRODUCTS & CHEMICALS INC (APD) stock?

The Earnings per Share (EPS) of AIR PRODUCTS & CHEMICALS INC (APD) is expected to grow by 9.74% in the next year.


Can you provide the dividend sustainability for APD stock?

The dividend rating of AIR PRODUCTS & CHEMICALS INC (APD) is 5 / 10 and the dividend payout ratio is -476.15%.