L'Air Liquide S.A. provides gases, technologies, and services for industrial and health sectors in Europe, the Americas, the Asia Pacific, the Middle East, and Africa.
Established dividend payer with proven track record.
Share Price & News
How has L'Air Liquide S.A's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: AI has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: AI exceeded the Austrian Chemicals industry which returned 9.5% over the past year.
Return vs Market: AI exceeded the Austrian Market which returned 3.5% over the past year.
Price Volatility Vs. Market
How volatile is L'Air Liquide S.A's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is L'Air Liquide S.A undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: AI (€139.1) is trading above our estimate of fair value (€103.49)
Significantly Below Fair Value: AI is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: AI is poor value based on its PE Ratio (29.3x) compared to the Chemicals industry average (16.3x).
PE vs Market: AI is poor value based on its PE Ratio (29.3x) compared to the Austrian market (14.1x).
Price to Earnings Growth Ratio
PEG Ratio: AI is poor value based on its PEG Ratio (2.9x)
Price to Book Ratio
PB vs Industry: AI is overvalued based on its PB Ratio (3.5x) compared to the XE Chemicals industry average (1.6x).
How is L'Air Liquide S.A forecast to perform in the next 1 to 3 years based on estimates from 22 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: AI's forecast earnings growth (10.1% per year) is above the savings rate (-0.1%).
Earnings vs Market: AI's earnings (10.1% per year) are forecast to grow faster than the Austrian market (2.3% per year).
High Growth Earnings: AI's earnings are forecast to grow, but not significantly.
Revenue vs Market: AI's revenue (4.3% per year) is forecast to grow faster than the Austrian market (2.7% per year).
High Growth Revenue: AI's revenue (4.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: AI's Return on Equity is forecast to be low in 3 years time (13.6%).
How has L'Air Liquide S.A performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: AI has high quality earnings.
Growing Profit Margin: AI's current net profit margins (10.2%) are higher than last year (10.1%).
Past Earnings Growth Analysis
Earnings Trend: AI's earnings have grown by 6.5% per year over the past 5 years.
Accelerating Growth: AI's earnings growth over the past year (6.1%) is below its 5-year average (6.5% per year).
Earnings vs Industry: AI earnings growth over the past year (6.1%) exceeded the Chemicals industry 2.5%.
Return on Equity
High ROE: AI's Return on Equity (12.1%) is considered low.
Return on Assets
Return on Capital Employed
How is L'Air Liquide S.A's financial position?
Financial Position Analysis
Short Term Liabilities: AI's short term assets (€6.0B) do not cover its short term liabilities (€6.8B).
Long Term Liabilities: AI's short term assets (€6.0B) do not cover its long term liabilities (€17.5B).
Debt to Equity History and Analysis
Debt Level: AI's debt to equity ratio (69.3%) is considered high.
Reducing Debt: AI's debt to equity ratio has increased from 60.8% to 69.3% over the past 5 years.
Debt Coverage: AI's debt is well covered by operating cash flow (35.2%).
Interest Coverage: AI's interest payments on its debt are well covered by EBIT (9.9x coverage).
Inventory Level: AI has a high level of physical assets or inventory.
Debt Coverage by Assets: AI's debt is not covered by short term assets (assets are 0.4x debt).
What is L'Air Liquide S.A's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Purchase L'Air Liquide S.A before the 'Buy Limit' to receive their next dividend payment.
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: AI's dividend (1.94%) is higher than the bottom 25% of dividend payers in the Austrian market (1.58%).
High Dividend: AI's dividend (1.94%) is low compared to the top 25% of dividend payers in the Austrian market (4.58%).
Stability and Growth of Payments
Stable Dividend: AI's dividends per share have been stable in the past 10 years.
Growing Dividend: AI's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (56.8%), AI's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: AI's dividends in 3 years are forecast to be covered by earnings (50.8% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Benoît Potier (62yo)
Mr. Benoît Potier has been the Chief Executive Officer of Air Liquide SA since 1997. Mr. Potier serves as the Chairman and Chief Executive Officer of Air Liquide UK Ltd. He serves as the Chairman of Air Li ...
CEO Compensation Analysis
Compensation vs Market: Benoît's total compensation ($USD6.07M) is above average for companies of similar size in the Austrian market ($USD3.59M).
Compensation vs Earnings: Benoît's compensation has been consistent with company performance over the past year.
|Chairman & CEO||23.1yrs||€5.59m||0.079% €51.7m|
|CFO & Executive VP||12.1yrs||no data||no data|
|Group Chief Information Officer||5.7yrs||no data||no data|
|Head of Investor Relations||4.9yrs||no data||no data|
|Vice President Group Human Resources||2.9yrs||no data||no data|
|Senior Vice President of Corporate Sustainability Program||0yrs||no data||no data|
|Executive Vice President of Europe||2.6yrs||no data||no data|
|Executive Vice President of Frankfurt Hub||0yrs||no data||no data|
|Executive Vice President of Americas & Asia Hubs||2.6yrs||no data||no data|
|Senior Vice President of Strategy||2.6yrs||no data||no data|
Experienced Management: AI's management team is considered experienced (3.9 years average tenure).
|Chairman & CEO||23.1yrs||€5.59m||0.079% €51.7m|
|Independent Director||11.8yrs||€77.00k||0.00051% €334.9k|
|Independent Director||8.8yrs||€92.00k||0.00021% €137.9k|
|Independent Director||5.8yrs||€83.00k||0.00032% €210.1k|
|Lead Director||2.8yrs||€99.00k||0.00038% €249.5k|
|Independent Director||2.8yrs||€73.00k||0.0020% €1.3m|
|Independent Director||5.8yrs||€90.00k||0.00016% €105.1k|
|Employee Representative Director||5.7yrs||no data||no data|
Experienced Board: AI's board of directors are considered experienced (6.8 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
L'Air Liquide S.A.'s company bio, employee growth, exchange listings and data sources
- Name: L'Air Liquide S.A.
- Ticker: AI
- Exchange: WBAG
- Founded: 1902
- Industry: Industrial Gases
- Sector: Materials
- Market Cap: €65.659b
- Shares outstanding: 471.52m
- Website: https://www.airliquide.com
Number of Employees
- L'Air Liquide S.A.
- 75 quai d'Orsay
- cedex 07
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|AIQU.Y||OTCPK (Pink Sheets LLC)||ADR||US||USD||Aug 1984|
|AILA||DB (Deutsche Boerse AG)||ADR||DE||EUR||Aug 1984|
|AIQU.F||OTCPK (Pink Sheets LLC)||Yes||Ordinary Shares||US||USD||Jan 1992|
|AIL||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Jan 1992|
|0NWF||LSE (London Stock Exchange)||Yes||Ordinary Shares||GB||EUR||Jan 1992|
|AI||ENXTPA (Euronext Paris)||Yes||Ordinary Shares||FR||EUR||Jan 1992|
|AIL||XTRA (XETRA Trading Platform)||Yes||Ordinary Shares||DE||EUR||Jan 1992|
|AIP||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Ordinary Shares||GB||EUR||Jan 1992|
|AI||WBAG (Wiener Boerse AG)||Yes||Ordinary Shares||AT||EUR||Jan 1992|
|AI||SWX (SIX Swiss Exchange)||Yes||Ordinary Shares||CH||CHF||Jan 1992|
|AI N||BMV (Bolsa Mexicana de Valores)||Yes||Ordinary Shares||MX||MXN||Jan 1992|
L'Air Liquide S.A. provides gases, technologies, and services for industrial and health sectors in Europe, the Americas, the Asia Pacific, the Middle East, and Africa. Its Gas & Services segment offers oxygen, nitrogen, argon, hydrogen, and carbon monoxide to the metals, chemicals, refining, and energy industries; and industrial gases, welding equipment, application and safety equipment, and related services to materials, energy, automotive, manufacturing, food, pharmaceuticals, technology, research, and professionals and retail markets. It also produces and distributes medical gases and devices, services, and hygiene products to hospitals and homecare patients; and develops therapeutic gases for resuscitation and pain relief. In addition, this segment produces and distributes healthcare specialty ingredients for the cosmetics, pharmaceutical, and vaccine markets; and provides ultra-pure carrier gases, electronics specialty materials, and advanced materials to manufacturers of semiconductors, flat panel displays, and solar cells. The company’s Engineering & Construction segment designs, develops, and builds industrial gas production plants for third parties; and designs and manufactures plants in the traditional, renewable, and alternative energy sectors. Its Global Markets & Technologies segment focuses on markets relating to energy transition, maritime logistics, and scientific exploration; treats and injects biogas into the energy grid as a local power source; and commercializes technologies for space, aerospace, and scientific exploration. This segment also supplies gases for the off shore oil and gas platforms, off shore wind turbines, and cryogenic transportation. The company also produces bio methane for trucks fueled by bio natural gas. L'Air Liquide S.A. has a technology and commercial agreement with Hydrogenics Corporation to develop Proton Exchange Membrane electrolysis technologies. The company was founded in 1902 and is headquartered in Paris, France.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/22 23:06|
|End of Day Share Price||2020/02/21 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.