Air Products and Chemicals' (NYSE:APD) Earnings Might Not Be As Promising As They Seem
Nov 18
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U.S. Industrial Gases Industry Analysis
UpdatedNov 21, 2024
DataAggregated Company Financials
Companies4
- 7D0.2%
- 3M2.3%
- 1Y11.8%
- YTDn/a
Over the last 7 days, the Industrial Gases industry has remained flat, although notably Air Products and Chemicals gained 4.8%. The past year has been better, since the industry has gained 10% in that time. Looking forward, earnings are forecast to grow by 7.3% annually.
Industry Valuation and Performance
Has the U.S. Industrial Gases Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 21 Nov 2024 | US$284.4b | US$45.1b | US$10.2b | 26.3x | 27.8x | 6.3x |
| Sat, 19 Oct 2024 | US$305.2b | US$44.9b | US$9.0b | 32.6x | 34.1x | 6.8x |
| Mon, 16 Sep 2024 | US$287.0b | US$44.9b | US$9.0b | 29.8x | 32x | 6.4x |
| Wed, 14 Aug 2024 | US$274.2b | US$44.9b | US$9.0b | 28.8x | 30.6x | 6.1x |
| Fri, 12 Jul 2024 | US$265.9b | US$44.9b | US$8.8b | 28.2x | 30.3x | 5.9x |
| Sun, 09 Jun 2024 | US$270.6b | US$44.9b | US$8.8b | 29.1x | 30.8x | 6x |
| Tue, 07 May 2024 | US$260.1b | US$44.9b | US$8.8b | 27.4x | 29.7x | 5.8x |
| Thu, 04 Apr 2024 | US$276.0b | US$45.3b | US$8.5b | 29.4x | 32.4x | 6.1x |
| Sat, 02 Mar 2024 | US$268.2b | US$45.3b | US$8.5b | 28.7x | 31.4x | 5.9x |
| Mon, 29 Jan 2024 | US$254.1b | US$45.1b | US$8.3b | 29.1x | 30.7x | 5.6x |
| Wed, 27 Dec 2023 | US$259.8b | US$45.1b | US$8.3b | 29.9x | 31.4x | 5.8x |
| Fri, 24 Nov 2023 | US$261.1b | US$45.1b | US$8.3b | 30x | 31.6x | 5.8x |
| Sun, 22 Oct 2023 | US$240.6b | US$46.1b | US$7.9b | 29.9x | 30.6x | 5.2x |
| Tue, 19 Sep 2023 | US$255.6b | US$46.1b | US$7.9b | 31.9x | 32.5x | 5.5x |
| Thu, 17 Aug 2023 | US$247.9b | US$46.1b | US$7.9b | 30.8x | 31.5x | 5.4x |
| Sat, 15 Jul 2023 | US$251.7b | US$46.5b | US$6.7b | 36x | 37.8x | 5.4x |
| Mon, 12 Jun 2023 | US$238.5b | US$46.5b | US$6.7b | 34x | 35.8x | 5.1x |
| Wed, 10 May 2023 | US$240.7b | US$46.5b | US$6.7b | 34.2x | 36.2x | 5.2x |
| Fri, 07 Apr 2023 | US$238.1b | US$46.2b | US$6.4b | 35x | 37.2x | 5.1x |
| Sun, 05 Mar 2023 | US$243.8b | US$46.2b | US$6.4b | 36x | 38.1x | 5.3x |
| Tue, 31 Jan 2023 | US$229.8b | US$46.5b | US$6.1b | 36.4x | 37.8x | 4.9x |
| Thu, 29 Dec 2022 | US$229.3b | US$46.5b | US$6.1b | 36.2x | 37.7x | 4.9x |
| Sat, 26 Nov 2022 | US$238.9b | US$46.5b | US$6.1b | 37.5x | 39.2x | 5.1x |
| Mon, 24 Oct 2022 | US$196.7b | US$44.6b | US$5.8b | 32.2x | 34x | 4.4x |
| Wed, 21 Sep 2022 | US$194.1b | US$44.6b | US$5.8b | 31.9x | 33.6x | 4.4x |
| Fri, 19 Aug 2022 | US$213.6b | US$44.6b | US$5.8b | 35x | 37x | 4.8x |
| Sun, 17 Jul 2022 | US$188.4b | US$43.1b | US$6.2b | 28.7x | 30.4x | 4.4x |
| Tue, 14 Jun 2022 | US$204.8b | US$43.1b | US$6.2b | 31.2x | 33.1x | 4.7x |
| Thu, 12 May 2022 | US$202.4b | US$43.1b | US$6.2b | 30.6x | 32.7x | 4.7x |
| Sat, 09 Apr 2022 | US$215.5b | US$41.7b | US$5.9b | 34.1x | 36.3x | 5.2x |
| Mon, 07 Mar 2022 | US$193.4b | US$41.8b | US$5.9b | 30.6x | 32.6x | 4.6x |
| Wed, 02 Feb 2022 | US$226.4b | US$40.1b | US$5.6b | 38.4x | 40.5x | 5.6x |
| Fri, 31 Dec 2021 | US$242.6b | US$40.1b | US$5.6b | 41.2x | 43.4x | 6x |
| Sun, 28 Nov 2021 | US$228.8b | US$40.1b | US$5.6b | 39x | 41x | 5.7x |
Price to Earnings Ratio
41x
Current Industry PE
- Investors are pessimistic on the American Industrial Gases industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 28.0x which is lower than its 3-year average PE of 34.1x.
- The 3-year average PS ratio of 5.4x is lower than the industry's current PS ratio of 6.3x.
Past Earnings Growth
- The earnings for companies in the Industrial Gases industry have grown 22% per year over the last three years.
- Revenues for these companies have grown 4.0% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Comparison
How does U.S. Industrial Gases compare with similar industries?
| US Market | -1.04% | |
| Materials | 0.08% | |
| Chemicals | -1.09% | |
| Industrial Gases | 0.16% | |
| Fertilizers and Agricultural Chemicals | 2.16% | |
| Diversified Chemicals | -0.67% | |
| Commodity Chemicals | -1.40% | |
| Specialty Chemicals | -2.59% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| APD Air Products and Chemicals | US$327.85 | 4.8% +US$3.3b | 19.5% | PE19x |