AIR PRODUCTS & CHEMICALS INC (APD) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:APD - US0091581068 - Common Stock
267.22 USD
+1.24 (+0.47%)
APD gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 82 industry peers in the Chemicals industry. APD has a medium profitability rating, but doesn't score so well on its financial health evaluation. APD is valued expensive and it does not seem to be growing.
1. Profitability
1.1 Basic Checks
- In the past year APD was profitable.
- 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.
1.2 Ratios
- APD has a Return On Assets (-0.96%) which is comparable to the rest of the industry.
- APD has a Return On Equity (-2.63%) which is comparable to the rest of the industry.
- APD has a better Return On Invested Capital (6.23%) than 69.51% of its industry peers.
- 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 6.10%.
| 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
- APD's Operating Margin of 23.74% is amongst the best of the industry. APD outperforms 91.46% 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 Gross Margin of 31.41%. This is comparable to the rest of the industry: APD outperforms 58.54% of its industry peers.
- APD'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 APD is destroying value.
- APD has about the same amout of shares outstanding than it did 1 year ago.
- APD has more shares outstanding than it did 5 years ago.
- Compared to 1 year ago, APD has a worse debt to assets ratio.
2.2 Solvency
- APD has an Altman-Z score of 2.53. 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.
- With a decent Altman-Z score value of 2.53, APD is doing good in the industry, outperforming 71.95% of the companies in the same industry.
- APD has a Debt/Equity ratio of 1.13. This is a high value indicating a heavy dependency on external financing.
- APD has a Debt to Equity ratio of 1.13. This is in the lower half of the industry: APD underperforms 69.51% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.13 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 2.53 |
ROIC/WACC0.49
WACC12.61%
2.3 Liquidity
- APD has a Current Ratio of 1.38. This is a normal value and indicates that APD is financially healthy and should not expect problems in meeting its short term obligations.
- APD has a worse Current ratio (1.38) than 78.05% of its industry peers.
- APD has a Quick Ratio of 1.20. This is a normal value and indicates that APD is financially healthy and should not expect problems in meeting its short term obligations.
- With a Quick ratio value of 1.20, APD perfoms like the industry average, outperforming 47.56% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.38 | ||
| Quick Ratio | 1.2 |
3. Growth
3.1 Past
- The earnings per share for APD have decreased by -3.22% in the last year.
- APD 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.
- The Revenue has been growing slightly by 6.33% on average over the past years.
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 7.88% on average over the next years.
- Based on estimates for the next years, APD will show a small growth in Revenue. The Revenue will grow by 6.78% on average per year.
EPS Next Y9.02%
EPS Next 2Y8.07%
EPS Next 3Y8.66%
EPS Next 5Y7.88%
Revenue Next Year3.93%
Revenue Next 2Y5.02%
Revenue Next 3Y5.96%
Revenue Next 5Y6.78%
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.
- 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
- Based on the Price/Earnings ratio of 22.21, the valuation of APD can be described as rather expensive.
- Compared to the rest of the industry, the Price/Earnings ratio of APD is on the same level as its industry peers.
- APD is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 27.54, which is the current average of the S&P500 Index.
- Based on the Price/Forward Earnings ratio of 20.38, the valuation of APD can be described as rather expensive.
- Compared to the rest of the industry, the Price/Forward Earnings ratio of APD is on the same level as its industry peers.
- When comparing the Price/Forward Earnings ratio of APD to the average of the S&P500 Index (24.31), we can say APD is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.21 | ||
| Fwd PE | 20.38 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, APD is valued a bit more expensive than 70.73% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 16.96 |
4.3 Compensation for Growth
- The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates APD does not grow enough to justify the current Price/Earnings ratio.
PEG (NY)2.46
PEG (5Y)3.14
EPS Next 2Y8.07%
EPS Next 3Y8.66%
5. Dividend
5.1 Amount
- APD has a Yearly Dividend Yield of 2.74%.
- APD's Dividend Yield is a higher than the industry average which is at 2.34.
- Compared to an average S&P500 Dividend Yield of 1.92, APD pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.74% |
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
5.3 Sustainability
- APD has negative earnings and hence a negative payout ratio. The dividend may be in danger.
- APD'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 2Y8.07%
EPS Next 3Y8.66%
NYSE:APD (1/16/2026, 1:10:40 PM)
267.22
+1.24 (+0.47%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryChemicals
Earnings (Last)11-06 2025-11-06/bmo
Earnings (Next)02-04 2026-02-04/bmo
Inst Owners94.93%
Inst Owner Change-0.02%
Ins Owners1.88%
Ins Owner Change2.93%
Market Cap59.48B
Revenue(TTM)12.04B
Net Income(TTM)-394.50M
Analysts74.29
Price Target300.42 (12.42%)
Short Float %2.62%
Short Ratio3.64
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.74% |
Yearly Dividend7.12
Dividend Growth(5Y)7.3%
DP-401.55%
Div Incr Years1
Div Non Decr Years1
Ex-Date01-02 2026-01-02 (1.79)
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)-4.68%
PT rev (3m)-9.63%
EPS NQ rev (1m)0.04%
EPS NQ rev (3m)-1.42%
EPS NY rev (1m)-0.05%
EPS NY rev (3m)0.42%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-1.63%
Revenue NY rev (1m)-0.06%
Revenue NY rev (3m)-0.66%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.21 | ||
| Fwd PE | 20.38 | ||
| P/S | 4.94 | ||
| P/FCF | N/A | ||
| P/OCF | 18.26 | ||
| P/B | 3.96 | ||
| P/tB | 4.32 | ||
| EV/EBITDA | 16.96 |
EPS(TTM)12.03
EY4.5%
EPS(NY)13.11
Fwd EY4.91%
FCF(TTM)-16.92
FCFYN/A
OCF(TTM)14.63
OCFY5.48%
SpS54.08
BVpS67.5
TBVpS61.85
PEG (NY)2.46
PEG (5Y)3.14
Graham Number135.17
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 | 2.53 |
F-Score2
WACC12.61%
ROIC/WACC0.49
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 Y9.02%
EPS Next 2Y8.07%
EPS Next 3Y8.66%
EPS Next 5Y7.88%
Revenue 1Y (TTM)-0.52%
Revenue growth 3Y-1.77%
Revenue growth 5Y6.33%
Sales Q2Q%-0.65%
Revenue Next Year3.93%
Revenue Next 2Y5.02%
Revenue Next 3Y5.96%
Revenue Next 5Y6.78%
EBIT growth 1Y-2.79%
EBIT growth 3Y5.8%
EBIT growth 5Y5.33%
EBIT Next Year89.03%
EBIT Next 3Y29.48%
EBIT Next 5Y19.59%
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 / APD 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.
Can you provide the profitability details for AIR PRODUCTS & CHEMICALS INC?
AIR PRODUCTS & CHEMICALS INC (APD) has a profitability rating of 5 / 10.
What is the valuation of AIR PRODUCTS & CHEMICALS INC based on its PE and PB ratios?
The Price/Earnings (PE) ratio for AIR PRODUCTS & CHEMICALS INC (APD) is 22.21 and the Price/Book (PB) ratio is 3.96.
Can you provide the financial health for APD stock?
The financial health rating of AIR PRODUCTS & CHEMICALS INC (APD) is 2 / 10.