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%)
After Hours:

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

  • 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.
  • Each year in the past 5 years APD had a positive operating cash flow.
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

  • Looking at the Return On Assets, with a value of -0.81%, APD is in line with its industry, outperforming 43.90% of the companies in the same industry.
  • APD has a Return On Equity (-2.17%) which is comparable to the rest of the industry.
  • With a decent Return On Invested Capital value of 6.25%, APD is doing good in 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

  • Looking at the Operating Margin, with a value of 24.09%, APD belongs to the top of the industry, outperforming 92.68% of the companies in the same industry.
  • APD's Operating Margin has been stable in the last couple of years.
  • 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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ROAROEROICOperating and Profit MarginShow most profitable peers

2

2. APD Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so APD is destroying value.
  • The number of shares outstanding for APD remains at a similar level compared to 1 year ago.
  • Compared to 5 years ago, APD has more shares outstanding
  • Compared to 1 year ago, APD has a worse debt to assets ratio.
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

  • An Altman-Z score of 2.75 indicates that APD is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • Looking at the Altman-Z score, with a value of 2.75, APD is in the better half of the industry, outperforming 73.17% 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.
  • The Debt to Equity ratio of APD (1.13) is worse than 69.51% of its industry peers.
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.
  • With a Quick ratio value of 1.23, APD perfoms like the industry average, outperforming 50.00% of the companies in the same industry.
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.
  • The Earnings Per Share has been growing slightly by 7.07% on average over the past years.
  • 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

  • APD is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 10.98% yearly.
  • Based on estimates for the next years, APD will show a small growth in Revenue. The Revenue will grow by 7.34% on average per year.
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

  • The EPS growth rate is accelerating: in the next years the growth will be better 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.
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

  • Based on the Price/Earnings ratio of 24.60, the valuation of APD can be described as rather expensive.
  • APD's Price/Earnings ratio is in line with the industry average.
  • Compared to an average S&P500 Price/Earnings ratio of 26.91, APD is valued at the same level.
  • A Price/Forward Earnings ratio of 21.35 indicates a rather expensive valuation of APD.
  • APD's Price/Forward Earnings is on the same level as the industry average.
  • The average S&P500 Price/Forward Earnings ratio is at 21.99. APD is around the same levels.
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

  • 65.85% of the companies in the same industry are cheaper than APD, based on the Enterprise Value to EBITDA ratio.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 18.58
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 APD does not grow enough to justify the current Price/Earnings ratio.
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%. Purely for dividend investing, there may be better candidates out there.
  • APD's Dividend Yield is a higher than the industry average which is at 2.00.
  • 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

  • On average, the dividend of APD grows each year by 7.30%, which is quite nice.
  • 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.
  • APD's earnings are growing more than its dividend. This makes the dividend growth 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)

After market: 303.35 0 (0%)

303.35

+0.97 (+0.32%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryChemicals
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 18.58
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%.