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

NYSE:APD • US0091581068

Current stock price

301.07 USD
+1.02 (+0.34%)
At close:
301.07 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.
  • APD had positive earnings in 4 of the past 5 years.
  • 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

  • APD has a Return On Assets of -0.81%. This is comparable to the rest of the industry: APD outperforms 43.90% of its industry peers.
  • APD has a Return On Equity (-2.17%) which is comparable to the rest of the 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.
  • The Average Return On Invested Capital over the past 3 years for APD 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 has a Operating Margin of 24.09%. This is amongst the best in the industry. APD outperforms 92.68% of its industry peers.
  • APD's Operating Margin has been stable in the last couple of years.
  • Looking at the Gross Margin, with a value of 31.63%, APD is in the better half of the industry, outperforming 64.63% of the companies in the same industry.
  • APD's Gross Margin has been stable in the last couple of years.
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

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), 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.
  • 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

  • An Altman-Z score of 2.74 indicates that APD is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • The Altman-Z score of APD (2.74) is better than 71.95% 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 69.51% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.13
Debt/FCF N/A
Altman-Z 2.74
ROIC/WACC0.48
WACC13.1%
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.
  • 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 has a Quick ratio (1.23) which is in line with 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

  • 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.
  • Looking at the last year, APD shows a small growth in Revenue. The Revenue has grown by 1.44% in the last year.
  • The Revenue has been growing slightly by 6.33% on average over the past years.
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.
  • 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

  • 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.
  • 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

  • APD is valuated rather expensively with a Price/Earnings ratio of 24.42.
  • The rest of the industry has a similar Price/Earnings ratio as APD.
  • The average S&P500 Price/Earnings ratio is at 26.64. APD is around the same levels.
  • Based on the Price/Forward Earnings ratio of 21.19, the valuation of APD can be described as rather expensive.
  • The rest of the industry has a similar Price/Forward Earnings ratio as APD.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 21.36, APD is valued at the same level.
Industry RankSector Rank
PE 24.42
Fwd PE 21.19
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

  • Based on the Enterprise Value to EBITDA ratio, APD is valued a bit more expensive than the industry average as 65.85% of the companies are valued more cheaply.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 18.51
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)2.51
PEG (5Y)3.45
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

  • With a Yearly Dividend Yield of 2.41%, APD has a reasonable but not impressive dividend return.
  • Compared to an average industry Dividend Yield of 2.02, APD pays a bit more dividend than its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.80, APD pays a bit more dividend than the S&P500 average.
Industry RankSector Rank
Dividend Yield 2.41%

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.
  • The dividend of APD decreased 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 (5/1/2026, 8:09:45 PM)

After market: 301.07 0 (0%)

301.07

+1.02 (+0.34%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryChemicals
Industry Strength68.32
Industry Growth36.65
Earnings (Last)04-29
Earnings (Next)07-29
Inst Owners93.82%
Inst Owner Change-0.21%
Ins Owners1.88%
Ins Owner Change3.09%
Market Cap67.04B
Revenue(TTM)12.21B
Net Income(TTM)-333.70M
Analysts75.86
Price Target326.38 (8.41%)
Short Float %1.67%
Short Ratio2.64
Dividend
Industry RankSector Rank
Dividend Yield 2.41%
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)3.78%
PT rev (3m)8.86%
EPS NQ rev (1m)0.22%
EPS NQ rev (3m)1.51%
EPS NY rev (1m)0.05%
EPS NY rev (3m)0.95%
Revenue NQ rev (1m)-0.16%
Revenue NQ rev (3m)0.91%
Revenue NY rev (1m)0.19%
Revenue NY rev (3m)1.21%
Valuation
Industry RankSector Rank
PE 24.42
Fwd PE 21.19
P/S 5.49
P/FCF N/A
P/OCF 20.04
P/B 4.35
P/tB 4.74
EV/EBITDA 18.51
EPS(TTM)12.33
EY4.1%
EPS(NY)14.21
Fwd EY4.72%
FCF(TTM)-12.62
FCFYN/A
OCF(TTM)15.03
OCFY4.99%
SpS54.83
BVpS69.21
TBVpS63.53
PEG (NY)2.51
PEG (5Y)3.45
Graham Number138.571 (-53.97%)
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 2.74
F-Score3
WACC13.1%
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%.