AIR PRODUCTS & CHEMICALS INC (APD) Stock Fundamental Analysis
USA • New York Stock Exchange • NYSE:APD • US0091581068
283.12 USD
-0.38 (-0.13%)
At close: Feb 6, 2026
283.12 USD
0 (0%)
After Hours: 2/6/2026, 8:17:57 PM
APD gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 83 industry peers in the Chemicals industry. There are concerns on the financial health of APD while its profitability can be described as average. APD has a expensive valuation and it also scores bad on growth.
1. Profitability
1.1 Basic Checks
- In the past year APD was profitable.
- 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.
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's Return On Equity of -2.17% is in line compared to the rest of the industry. APD outperforms 46.99% of its industry peers.
- APD's Return On Invested Capital of 6.25% is fine compared to the rest of the industry. APD outperforms 69.88% 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 6.09%.
| 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
- With an excellent Operating Margin value of 24.09%, APD belongs to the best of the industry, outperforming 91.57% of the companies in the same industry.
- In the last couple of years the Operating Margin of APD has remained more or less at the same level.
- Looking at the Gross Margin, with a value of 31.63%, APD is in line with its industry, outperforming 59.04% of the companies in the same industry.
- APD's Gross Margin has been stable in the last couple of years.
| 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
- 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.
- APD has more shares outstanding than it did 5 years ago.
- The debt/assets ratio for APD is higher compared to a year ago.
2.2 Solvency
- An Altman-Z score of 2.65 indicates that APD is not a great score, but indicates only limited risk for bankruptcy at the moment.
- With a decent Altman-Z score value of 2.65, APD is doing good in the industry, outperforming 78.31% of the companies in the same industry.
- 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 Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.13 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 2.65 |
ROIC/WACC0.49
WACC12.82%
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 71.08% of the companies in the same industry.
- A Quick Ratio of 1.23 indicates that APD should not have too much problems paying its short term obligations.
- APD's Quick ratio of 1.23 is in line compared 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%.
- The Earnings Per Share has been growing slightly by 7.07% on average over the past years.
- Looking at the last year, APD shows a small growth in Revenue. The Revenue has grown by 1.44% in the last 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 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
- 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 22.96, the valuation of APD can be described as rather expensive.
- The rest of the industry has a similar Price/Earnings ratio as APD.
- Compared to an average S&P500 Price/Earnings ratio of 27.92, APD is valued at the same level.
- With a Price/Forward Earnings ratio of 20.00, APD is valued on the expensive side.
- Compared to the rest of the industry, the Price/Forward Earnings ratio of APD is on the same level as its industry peers.
- APD's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.78.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.96 | ||
| Fwd PE | 20 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, APD is valued a bit more expensive than 72.29% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 17.64 |
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)2.45
PEG (5Y)3.25
EPS Next 2Y8.48%
EPS Next 3Y8.4%
5. Dividend
5.1 Amount
- With a Yearly Dividend Yield of 2.55%, APD has a reasonable but not impressive dividend return.
- APD's Dividend Yield is a higher than the industry average which is at 2.21.
- Compared to an average S&P500 Dividend Yield of 1.81, APD pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.55% |
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
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.
- 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-476.15%
EPS Next 2Y8.48%
EPS Next 3Y8.4%
283.12
-0.38 (-0.13%)
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 Change-1.94%
Ins Owners1.88%
Ins Owner Change2.93%
Market Cap63.02B
Revenue(TTM)12.21B
Net Income(TTM)-333.70M
Analysts74.29
Price Target307.32 (8.55%)
Short Float %2.76%
Short Ratio3.67
Dividend
| Industry Rank | Sector 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 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)-0.2%
PT rev (3m)-9.21%
EPS NQ rev (1m)0.02%
EPS NQ rev (3m)-1.05%
EPS NY rev (1m)-0.28%
EPS NY rev (3m)0.38%
Revenue NQ rev (1m)0.13%
Revenue NQ rev (3m)-1.31%
Revenue NY rev (1m)-0.1%
Revenue NY rev (3m)-0.72%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.96 | ||
| Fwd PE | 20 | ||
| P/S | 5.16 | ||
| P/FCF | N/A | ||
| P/OCF | 18.84 | ||
| P/B | 4.09 | ||
| P/tB | 4.46 | ||
| EV/EBITDA | 17.64 |
EPS(TTM)12.33
EY4.36%
EPS(NY)14.16
Fwd EY5%
FCF(TTM)-12.63
FCFYN/A
OCF(TTM)15.03
OCFY5.31%
SpS54.85
BVpS69.24
TBVpS63.55
PEG (NY)2.45
PEG (5Y)3.25
Graham Number138.59
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 | 2.65 |
F-Score3
WACC12.82%
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 22.96 and the Price/Book (PB) ratio is 4.09.
Can you provide the financial health for APD stock?
The financial health rating of AIR PRODUCTS & CHEMICALS INC (APD) is 2 / 10.