| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 2/6 |
| Past Performance | 4/6 |
| Financial Health | 3/6 |
| Dividends | 4/6 |
AI Overview
L'Air Liquide S.A. provides gases, technologies, and services for the industrial and health sectors in Europe, the Americas, the Asia Pacific, the Middle East, and Africa.
L'Air Liquide Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | €143.42 |
| 52 Week High | €123.60 |
| 52 Week Low | €153.26 |
| Beta | 0.57 |
| 1 Month Change | -0.54% |
| 3 Month Change | -4.20% |
| 1 Year Change | 10.54% |
| 3 Year Change | 49.89% |
| 5 Year Change | 88.73% |
| Change since IPO | 1,028.09% |
Recent News & Updates
These 4 Measures Indicate That L'Air Liquide (EPA:AI) Is Using Debt Reasonably Well
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...
Here's What To Make Of L'Air Liquide's (EPA:AI) Decelerating Rates Of Return
There are a few key trends to look for if we want to identify the next multi-bagger. Ideally, a business will show two...
A Look At The Intrinsic Value Of L'Air Liquide S.A. (EPA:AI)
How far off is L'Air Liquide S.A. ( EPA:AI ) from its intrinsic value? Using the most recent financial data, we'll take...
If You Like EPS Growth Then Check Out L'Air Liquide (EPA:AI) Before It's Too Late
Some have more dollars than sense, they say, so even companies that have no revenue, no profit, and a record of falling...
Analyst Estimates: Here's What Brokers Think Of L'Air Liquide S.A. (EPA:AI) After Its Interim Report
Last week, you might have seen that L'Air Liquide S.A. ( EPA:AI ) released its half-year result to the market. The...
Shareholder Returns
| AI | FR Chemicals | FR Market | |
|---|---|---|---|
| 7D | 0.3% | 0.7% | 1.8% |
| 1Y | 10.5% | 13.4% | 40.2% |
Return vs Industry: AI underperformed the French Chemicals industry which returned 13.4% over the past year.
Return vs Market: AI underperformed the French Market which returned 40.2% over the past year.
Price Volatility
| AI volatility | |
|---|---|
| AI Beta | 0.57 |
| Industry Beta | 0.66 |
| Market Beta | 1 |
Stable Share Price: AI is less volatile than 75% of French stocks over the past 3 months, typically moving +/- 2% a week.
Volatility Over Time: AI's weekly volatility (2%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1902 | 64,500 | Benoit Potier | https://www.airliquide.com |
L'Air Liquide S.A. provides gases, technologies, and services for the industrial and health sectors in Europe, the Americas, the Asia Pacific, the Middle East, and Africa. The company operates through Gas & Services, Engineering & Construction, and Global Markets & Technologies segments. The Gas & Services segment offers oxygen, nitrogen, argon, hydrogen, and carbon monoxide to the metals, chemicals, refining, and energy sectors; and gases, application equipment, and associated services to the materials and energy, automotive and manufacturing, food and pharmaceuticals, technology and research, and craftsmen and retail sectors.
L'Air Liquide Fundamentals Summary
| AI fundamental statistics | |
|---|---|
| Market Cap | €67.78b |
| Earnings (TTM) | €2.60b |
| Revenue (TTM) | €21.06b |
26.1x
P/E Ratio3.2x
P/S RatioIs AI overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| AI income statement (TTM) | |
|---|---|
| Revenue | €21.06b |
| Cost of Revenue | €7.65b |
| Gross Profit | €13.41b |
| Expenses | €10.82b |
| Earnings | €2.60b |
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
Feb 16, 2022
| Earnings per share (EPS) | 5.49 |
| Gross Margin | 63.70% |
| Net Profit Margin | 12.33% |
| Debt/Equity Ratio | 68.5% |
How did AI perform over the long term?
See historical performance and comparisonDividends
1.9%
Current Dividend Yield50%
Payout RatioValuation
Is L'Air Liquide undervalued compared to its fair value and its price relative to the market?
21.3%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: AI (€143.42) is trading below our estimate of fair value (€182.34)
Significantly Below Fair Value: AI is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: AI is poor value based on its PE Ratio (26.1x) compared to the French Chemicals industry average (18.2x).
PE vs Market: AI is poor value based on its PE Ratio (26.1x) compared to the French market (19.8x).
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 (3.6x) compared to the FR Chemicals industry average (2.2x).
Future Growth
How is L'Air Liquide forecast to perform in the next 1 to 3 years based on estimates from 24 analysts?
9.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: AI's forecast earnings growth (9% per year) is above the savings rate (0.3%).
Earnings vs Market: AI's earnings (9% per year) are forecast to grow slower than the French market (12.2% per year).
High Growth Earnings: AI's earnings are forecast to grow, but not significantly.
Revenue vs Market: AI's revenue (6.4% per year) is forecast to grow faster than the French market (6.3% per year).
High Growth Revenue: AI's revenue (6.4% 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 (9.8%).
Past Performance
How has L'Air Liquide performed over the past 5 years?
5.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: AI has high quality earnings.
Growing Profit Margin: AI's current net profit margins (12.3%) are higher than last year (10.6%).
Past Earnings Growth Analysis
Earnings Trend: AI's earnings have grown by 5.7% per year over the past 5 years.
Accelerating Growth: AI's earnings growth over the past year (14.8%) exceeds its 5-year average (5.7% per year).
Earnings vs Industry: AI earnings growth over the past year (14.8%) underperformed the Chemicals industry 147.4%.
Return on Equity
High ROE: AI's Return on Equity (13.8%) is considered low.
Financial Health
How is L'Air Liquide's financial position?
Financial Position Analysis
Short Term Liabilities: AI's short term assets (€6.4B) do not cover its short term liabilities (€8.5B).
Long Term Liabilities: AI's short term assets (€6.4B) do not cover its long term liabilities (€15.6B).
Debt to Equity History and Analysis
Debt Level: AI's debt to equity ratio (68.5%) is considered high.
Reducing Debt: AI's debt to equity ratio has reduced from 171% to 68.5% over the past 5 years.
Debt Coverage: AI's debt is well covered by operating cash flow (39.1%).
Interest Coverage: AI's interest payments on its debt are well covered by EBIT (11.4x coverage).
Balance Sheet
Dividend
What is L'Air Liquide current dividend yield, its reliability and sustainability?
1.92%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: AI's dividend (1.92%) is higher than the bottom 25% of dividend payers in the French market (1.29%).
High Dividend: AI's dividend (1.92%) is low compared to the top 25% of dividend payers in the French market (3.9%).
Stability and Growth of Payments
Stable Dividend: AI's dividend payments have been volatile 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 reasonably low payout ratio (50%), AI's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: AI's dividends in 3 years are forecast to be covered by earnings (52.5% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
4.3yrs
Average management tenure
CEO
Benoit Potier (64 yo)
24.75yrs
Tenure
€5,046,000
Compensation
Mr. Benoit Potier has been the Chief Executive Officer of L'Air Liquide S.A. since 1997. Mr. Potier serves as the Chairman and Chief Executive Officer of Air Liquide UK Ltd. He serves as the Chairman of Ai...
CEO Compensation Analysis
Compensation vs Market: Benoit's total compensation ($USD5.85M) is above average for companies of similar size in the French market ($USD3.24M).
Compensation vs Earnings: Benoit's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: AI's management team is considered experienced (4.3 years average tenure).
Board Members
Experienced Board: AI's board of directors are considered experienced (5.4 years average tenure).
Ownership
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.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
L'Air Liquide S.A.'s employee growth, exchange listings and data sources
Key Information
- Name: L'Air Liquide S.A.
- Ticker: AI
- Exchange: ENXTPA
- Founded: 1902
- Industry: Industrial Gases
- Sector: Materials
- Market Cap: €67.775b
- Shares outstanding: 472.57m
- Website: https://www.airliquide.com
Number of Employees
Location
- L'Air Liquide S.A.
- 75 quai d'Orsay
- cedex 07
- Paris
- Ile-de-France
- 75321
- France
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/10/26 21:14 |
| End of Day Share Price | 2021/10/26 00:00 |
| Earnings | 2021/06/30 |
| Annual Earnings | 2020/12/31 |
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.