AIR PRODUCTS & CHEMICALS INC (APD) Stock Fundamental Analysis
NYSE:APD • US0091581068
275.67 USD
-0.56 (-0.2%)
At close: Feb 27, 2026
275.67 USD
0 (0%)
After Hours: 2/27/2026, 8:04:00 PM
Taking everything into account, APD scores 3 out of 10 in our fundamental rating. APD was compared to 83 industry peers in the Chemicals industry. While APD is still in line with the averages on profitability rating, there are concerns on its financial health. 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.
- Each year in the past 5 years APD had a positive operating cash flow.
1.2 Ratios
- APD's Return On Assets of -0.81% is in line compared to the rest of the industry. APD outperforms 43.37% of its industry peers.
- APD has a Return On Equity of -2.17%. This is comparable to the rest of the industry: APD outperforms 48.19% of its industry peers.
- APD's Return On Invested Capital of 6.25% is fine compared to the rest of the industry. APD outperforms 68.67% of its industry peers.
- Measured over the past 3 years, the Average Return On Invested Capital for APD is in line with the industry average of 6.18%.
| Industry Rank | Sector 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%
1.3 Margins
- APD has a Operating Margin of 24.09%. This is amongst the best in the industry. APD outperforms 92.77% 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 31.63%. This is in the better half of the industry: APD outperforms 61.45% 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 Rank | Sector 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%
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.
- Compared to 5 years ago, APD has more shares outstanding
- Compared to 1 year ago, APD has a worse debt to assets ratio.
2.2 Solvency
- APD has an Altman-Z score of 2.61. 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 has a better Altman-Z score (2.61) than 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.
- The Debt to Equity ratio of APD (1.13) is worse than 68.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.13 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 2.61 |
ROIC/WACC0.5
WACC12.56%
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.
- APD has a Current ratio of 1.46. This is in the lower half of the industry: APD underperforms 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.
- APD has a Quick ratio of 1.23. This is comparable to the rest of the industry: APD outperforms 46.99% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.46 | ||
| Quick Ratio | 1.23 |
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%.
- 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.
- APD shows a small growth in Revenue. In the last year, the Revenue has grown by 1.44%.
- 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
- Based on estimates for the next years, APD will show a small growth in Earnings Per Share. The EPS will grow by 7.95% on average per year.
- APD is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.57% yearly.
EPS Next Y9.39%
EPS Next 2Y8.48%
EPS Next 3Y8.4%
EPS Next 5Y7.95%
Revenue Next Year4.69%
Revenue Next 2Y5.43%
Revenue Next 3Y5.6%
Revenue Next 5Y6.57%
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 22.36, the valuation of APD can be described as rather expensive.
- The rest of the industry has a similar Price/Earnings ratio as APD.
- When comparing the Price/Earnings ratio of APD to the average of the S&P500 Index (27.10), we can say APD is valued inline with the index average.
- A Price/Forward Earnings ratio of 19.47 indicates a rather expensive valuation of APD.
- APD's Price/Forward Earnings is on the same level as the industry average.
- APD is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 28.06, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.36 | ||
| Fwd PE | 19.47 |
4.2 Price Multiples
- Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of APD indicates a slightly more expensive valuation: APD is more expensive than 65.06% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 17.26 |
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)2.38
PEG (5Y)3.16
EPS Next 2Y8.48%
EPS Next 3Y8.4%
5. Dividend
5.1 Amount
- APD has a Yearly Dividend Yield of 2.62%. Purely for dividend investing, there may be better candidates out there.
- Compared to an average industry Dividend Yield of 2.20, APD pays a bit more dividend than its industry peers.
- Compared to an average S&P500 Dividend Yield of 1.83, APD pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.62% |
5.2 History
- On average, the dividend of APD grows each year by 7.30%, which is quite nice.
- APD has been paying a dividend for at least 10 years, so it has 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
- The earnings of APD are negative and hence is the payout ratio. APD will probably not be able to sustain this dividend level.
- 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%
275.67
-0.56 (-0.2%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryChemicals
Earnings (Last)01-30 2026-01-30/bmo
Earnings (Next)04-29 2026-04-29/bmo
Inst Owners94.93%
Inst Owner Change0.83%
Ins Owners1.88%
Ins Owner Change3.06%
Market Cap61.38B
Revenue(TTM)12.21B
Net Income(TTM)-333.70M
Analysts74.48
Price Target309.09 (12.12%)
Short Float %2.58%
Short Ratio3.28
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.62% |
Yearly Dividend7.12
Dividend Growth(5Y)7.3%
DP-476.15%
Div Incr Years1
Div Non Decr Years1
Ex-Date04-01 2026-04-01 (1.81)
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)3.09%
PT rev (3m)-2.46%
EPS NQ rev (1m)1.21%
EPS NQ rev (3m)1.08%
EPS NY rev (1m)0.63%
EPS NY rev (3m)1.17%
Revenue NQ rev (1m)0.94%
Revenue NQ rev (3m)0.91%
Revenue NY rev (1m)0.84%
Revenue NY rev (3m)0.11%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.36 | ||
| Fwd PE | 19.47 | ||
| P/S | 5.03 | ||
| P/FCF | N/A | ||
| P/OCF | 18.35 | ||
| P/B | 3.98 | ||
| P/tB | 4.34 | ||
| EV/EBITDA | 17.26 |
EPS(TTM)12.33
EY4.47%
EPS(NY)14.16
Fwd EY5.14%
FCF(TTM)-12.62
FCFYN/A
OCF(TTM)15.03
OCFY5.45%
SpS54.83
BVpS69.21
TBVpS63.53
PEG (NY)2.38
PEG (5Y)3.16
Graham Number138.57
Profitability
| Industry Rank | Sector 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 Rank | Sector 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 | 2.61 |
F-Score3
WACC12.56%
ROIC/WACC0.5
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 5Y7.95%
Revenue 1Y (TTM)1.44%
Revenue growth 3Y-1.77%
Revenue growth 5Y6.33%
Sales Q2Q%5.83%
Revenue Next Year4.69%
Revenue Next 2Y5.43%
Revenue Next 3Y5.6%
Revenue Next 5Y6.57%
EBIT growth 1Y-0.19%
EBIT growth 3Y5.8%
EBIT growth 5Y5.33%
EBIT Next Year87.56%
EBIT Next 3Y28.59%
EBIT Next 5Y19.65%
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 22.36 and the Price/Book (PB) ratio is 3.98.
Can you provide the financial health for APD stock?
The financial health rating of AIR PRODUCTS & CHEMICALS INC (APD) is 2 / 10.