AIR PRODUCTS & CHEMICALS INC (APD) Stock Fundamental Analysis

NYSE:APD • US0091581068

293.83 USD
+0.69 (+0.24%)
Last: Feb 12, 2026, 03:21 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

3

Overall APD gets a fundamental rating of 3 out of 10. We evaluated APD against 83 industry peers in the Chemicals industry. APD has a medium profitability rating, but doesn't score so well on its financial health evaluation. APD does not seem to be growing, but still is valued expensively.


Dividend Valuation Growth Profitability Health

5

1. Profitability

1.1 Basic Checks

  • APD had positive earnings in the past year.
  • APD had a positive operating cash flow in the past year.
  • APD had positive earnings in 4 of the past 5 years.
  • 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

  • APD has a Return On Assets (-0.81%) which is in line with its industry peers.
  • APD has a Return On Equity (-2.17%) which is in line with its industry peers.
  • The Return On Invested Capital of APD (6.25%) is better than 69.88% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for APD is in line with the industry average of 6.08%.
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 91.57% 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's Gross Margin of 31.63% is in line compared to the rest of the industry. APD outperforms 59.04% 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. Health

2.1 Basic Checks

  • APD has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • The number of shares outstanding for APD remains at a similar level compared to 1 year ago.
  • The number of shares outstanding for APD has been increased compared to 5 years ago.
  • 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 2.70 indicates that APD is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • APD's Altman-Z score of 2.70 is fine compared to the rest of the industry. APD outperforms 74.70% of its industry peers.
  • A Debt/Equity ratio of 1.13 is on the high side and indicates that APD has dependencies on debt financing.
  • APD's Debt to Equity ratio of 1.13 is on the low side compared to the rest of the industry. APD is outperformed by 69.88% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.13
Debt/FCF N/A
Altman-Z 2.7
ROIC/WACC0.49
WACC12.85%
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

  • A Current Ratio of 1.46 indicates that APD should not have too much problems paying its short term obligations.
  • The Current ratio of APD (1.46) is worse than 71.08% of its industry peers.
  • 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 46.99% 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

3

3. Growth

3.1 Past

  • APD shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -1.12%.
  • 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 been growing slightly by 1.44% in the past year.
  • Measured over the past years, APD shows a small growth in Revenue. The Revenue has been growing by 6.33% on average per year.
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 a small growth in Earnings Per Share. In the coming years, the EPS will grow by 7.88% yearly.
  • APD is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.78% yearly.
EPS Next Y9.39%
EPS Next 2Y8.48%
EPS Next 3Y8.4%
EPS Next 5Y7.88%
Revenue Next Year4.27%
Revenue Next 2Y5.04%
Revenue Next 3Y5.25%
Revenue Next 5Y6.78%

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.
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

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Find the best growth stocksShow best growing peers

1

4. Valuation

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 23.83, APD is valued on the expensive side.
  • APD's Price/Earnings is on the same level as the industry average.
  • The average S&P500 Price/Earnings ratio is at 28.18. APD is around the same levels.
  • The Price/Forward Earnings ratio is 20.76, which indicates a rather expensive current valuation of APD.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of APD is on the same level as its industry peers.
  • APD is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 28.01, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 23.83
Fwd PE 20.76
APD Price Earnings VS Forward Price EarningsAPD Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, APD is valued a bit more expensive than 71.08% of the companies in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 18.12
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)2.54
PEG (5Y)3.37
EPS Next 2Y8.48%
EPS Next 3Y8.4%

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

5

5. Dividend

5.1 Amount

  • APD has a Yearly Dividend Yield of 2.55%.
  • APD's Dividend Yield is a higher than the industry average which is at 2.20.
  • APD's Dividend Yield is a higher than the S&P500 average which is at 1.80.
Industry RankSector Rank
Dividend Yield 2.55%

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 around the same rate as the earnings are growing. If this keeps up the dividend growth is sustainable.
DP-476.15%
EPS Next 2Y8.48%
EPS Next 3Y8.4%
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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Find the best dividend stocksShow peers with best dividend

AIR PRODUCTS & CHEMICALS INC

NYSE:APD (2/12/2026, 3:21:00 PM)

293.83

+0.69 (+0.24%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryChemicals
Earnings (Last)01-30
Earnings (Next)04-29
Inst Owners94.93%
Inst Owner Change-1.82%
Ins Owners1.88%
Ins Owner Change3.06%
Market Cap65.40B
Revenue(TTM)12.21B
Net Income(TTM)-333.70M
Analysts74.29
Price Target307.32 (4.59%)
Short Float %2.76%
Short Ratio3.67
Dividend
Industry RankSector Rank
Dividend Yield 2.55%
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)2.3%
PT rev (3m)-6.93%
EPS NQ rev (1m)0.96%
EPS NQ rev (3m)0.86%
EPS NY rev (1m)0.34%
EPS NY rev (3m)1.17%
Revenue NQ rev (1m)0.65%
Revenue NQ rev (3m)1.01%
Revenue NY rev (1m)0.33%
Revenue NY rev (3m)-0.29%
Valuation
Industry RankSector Rank
PE 23.83
Fwd PE 20.76
P/S 5.36
P/FCF N/A
P/OCF 19.55
P/B 4.24
P/tB 4.62
EV/EBITDA 18.12
EPS(TTM)12.33
EY4.2%
EPS(NY)14.16
Fwd EY4.82%
FCF(TTM)-12.63
FCFYN/A
OCF(TTM)15.03
OCFY5.12%
SpS54.85
BVpS69.24
TBVpS63.55
PEG (NY)2.54
PEG (5Y)3.37
Graham Number138.59
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 2.7
F-Score3
WACC12.85%
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)-1.12%
EPS 3Y4.94%
EPS 5Y7.07%
EPS Q2Q%10.49%
EPS Next Y9.39%
EPS Next 2Y8.48%
EPS Next 3Y8.4%
EPS Next 5Y7.88%
Revenue 1Y (TTM)1.44%
Revenue growth 3Y-1.77%
Revenue growth 5Y6.33%
Sales Q2Q%5.83%
Revenue Next Year4.27%
Revenue Next 2Y5.04%
Revenue Next 3Y5.25%
Revenue Next 5Y6.78%
EBIT growth 1Y-0.19%
EBIT growth 3Y5.8%
EBIT growth 5Y5.33%
EBIT Next Year88.65%
EBIT Next 3Y29.01%
EBIT Next 5Y19.59%
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 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 23.83 and the Price/Book (PB) ratio is 4.24.


Can you provide the financial health for APD stock?

The financial health rating of AIR PRODUCTS & CHEMICALS INC (APD) is 2 / 10.