L'Air Liquide S.A.

SWX:AI1 Stock Report

Market Cap: CHF 104.3b

L'Air Liquide Valuation

Is AI1 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of AI1 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: AI1 (CHF157.66) is trading below our estimate of future cash flow value (CHF219.61)

Significantly Below Future Cash Flow Value: AI1 is trading below future cash flow value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for AI1?

Key metric: As AI1 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for AI1. This is calculated by dividing AI1's market cap by their current earnings.
What is AI1's PE Ratio?
PE Ratio31.9x
Earnings€3.52b
Market Cap€112.06b

Price to Earnings Ratio vs Peers

How does AI1's PE Ratio compare to its peers?

The above table shows the PE ratio for AI1 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average49.9x
GIVN Givaudan
30.9x8.84%CHF 29.5b
SIKA Sika
24x9.35%CHF 25.0b
EMSN EMS-CHEMIE HOLDING
39.6x5.98%CHF 18.5b
HOLN Holcim
105.3x25.63%CHF 40.9b
AI1 L'Air Liquide
31.9x9.68%CHF 112.1b

Price-To-Earnings vs Peers: AI1 is good value based on its Price-To-Earnings Ratio (31.9x) compared to the peer average (49.9x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does AI1's PE Ratio compare vs other companies in the European Chemicals Industry?

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
AI1 31.9xIndustry Avg. 20.0xNo. of Companies12PE01632486480+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: AI1 is expensive based on its Price-To-Earnings Ratio (31.9x) compared to the European Chemicals industry average (20x).

Price to Earnings Ratio vs Fair Ratio

What is AI1's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

AI1 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio31.9x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate AI1's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst AI1 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCHF 157.66
CHF 180.01
+14.18%
6.39%CHF 200.74CHF 148.69n/a20
Jul ’27CHF 157.66
CHF 168.65
+6.97%
6.30%CHF 184.18CHF 140.65n/a20
Jun ’27CHF 156.78
CHF 164.04
+4.63%
6.41%CHF 179.59CHF 139.68n/a20
May ’27CHF 156.78
CHF 164.85
+5.15%
5.93%CHF 179.88CHF 139.91n/a20
Apr ’27n/a
CHF 163.95
0%
6.31%CHF 180.58CHF 140.45n/a20
Mar ’27n/a
CHF 161.54
0%
7.16%CHF 178.46CHF 127.24n/a21
Feb ’27n/a
CHF 162.64
0%
7.01%CHF 180.41CHF 128.63n/a21
Jan ’27n/a
CHF 167.87
0%
6.98%CHF 183.78CHF 131.03n/a20
Dec ’26n/a
CHF 167.59
0%
6.98%CHF 183.47CHF 130.81n/a20
Nov ’26n/a
CHF 166.75
0%
7.04%CHF 182.14CHF 129.86n/a20
Oct ’26n/a
CHF 167.07
0%
6.89%CHF 183.19CHF 130.61n/a19
Sep ’26n/a
CHF 167.81
0%
6.84%CHF 184.39CHF 131.46n/a19
Aug ’26n/a
CHF 166.11
0%
6.66%CHF 183.06CHF 130.51n/a20
Jul ’26n/a
CHF 166.13
0%
7.34%CHF 184.56CHF 131.58CHF 157.6621
Jun ’26n/a
CHF 166.86
0%
7.41%CHF 186.81CHF 130.77CHF 156.7822
May ’26n/a
CHF 167.09
0%
7.58%CHF 187.33CHF 131.13CHF 156.7821
Apr ’26n/a
CHF 171.51
0%
7.47%CHF 191.39CHF 133.97n/a21
Mar ’26n/a
CHF 165.70
0%
7.13%CHF 187.27CHF 131.09n/a21
Feb ’26n/a
CHF 163.54
0%
7.70%CHF 185.22CHF 127.77n/a21
Jan ’26n/a
CHF 161.10
0%
8.41%CHF 182.96CHF 126.21n/a21
Dec ’25n/a
CHF 158.59
0%
8.96%CHF 182.99CHF 126.23n/a22
Nov ’25n/a
CHF 158.20
0%
10.02%CHF 183.70CHF 126.72n/a22
Oct ’25n/a
CHF 156.83
0%
10.50%CHF 185.04CHF 125.07n/a21
Sep ’25n/a
CHF 155.41
0%
10.81%CHF 184.21CHF 119.82n/a21
Aug ’25n/a
CHF 156.88
0%
10.83%CHF 186.62CHF 121.39n/a21
Jul ’25n/a
CHF 157.79
0%
9.84%CHF 176.30CHF 123.85n/a20
CHF 173.01
Fair Value
8.9% undervalued intrinsic discount
20
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/26 04:28
End of Day Share Price 2026/07/24 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

L'Air Liquide S.A. is covered by 41 analysts. 18 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Alfonso MariáteguiBanco de Sabadell. S.A.
Alejandro VigilBanco Santander
James StewartBarclays