ENXTPA:AI

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Executive Summary

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. More Details


Snowflake Analysis

Solid track record average dividend payer.


Similar Companies

Share Price & News

How has L'Air Liquide'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.


Market Performance


7 Day Return

1.0%

AI

0.6%

FR Chemicals

1.4%

FR Market


1 Year Return

15.6%

AI

15.2%

FR Chemicals

-9.4%

FR Market

Return vs Industry: AI exceeded the French Chemicals industry which returned 13.8% over the past year.

Return vs Market: AI exceeded the French Market which returned -10.9% over the past year.


Shareholder returns

AIIndustryMarket
7 Day1.0%0.6%1.4%
30 Day-1.7%-1.6%-2.0%
90 Day6.9%6.8%-0.5%
1 Year18.2%15.6%17.8%15.2%-7.4%-9.4%
3 Year56.6%46.1%46.5%36.7%4.8%-4.3%
5 Year76.7%52.7%75.6%52.7%34.7%16.1%

Price Volatility Vs. Market

How volatile is L'Air Liquide's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is L'Air Liquide undervalued compared to its fair value and its price relative to the market?

28.6x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: AI (€137.2) is trading above our estimate of fair value (€100.77)

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 (28.6x) compared to the FR Chemicals industry average (28x).

PE vs Market: AI is poor value based on its PE Ratio (28.6x) compared to the French market (17x).


Price to Earnings Growth Ratio

PEG Ratio: AI is poor value based on its PEG Ratio (2.6x)


Price to Book Ratio

PB vs Industry: AI is overvalued based on its PB Ratio (3.5x) compared to the FR Chemicals industry average (1.2x).


Next Steps

Future Growth

How is L'Air Liquide forecast to perform in the next 1 to 3 years based on estimates from 22 analysts?

10.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: AI's forecast earnings growth (10.9% per year) is above the savings rate (0.6%).

Earnings vs Market: AI's earnings (10.9% per year) are forecast to grow slower than the French market (24.6% per year).

High Growth Earnings: AI's earnings are forecast to grow, but not significantly.

Revenue vs Market: AI's revenue (5.1% per year) is forecast to grow slower than the French market (6.7% per year).

High Growth Revenue: AI's revenue (5.1% 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 (12.7%).


Next Steps

Past Performance

How has L'Air Liquide performed over the past 5 years?

5.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: AI has high quality earnings.

Growing Profit Margin: AI's current net profit margins (10.6%) are higher than last year (9.8%).


Past Earnings Growth Analysis

Earnings Trend: AI's earnings have grown by 5.9% per year over the past 5 years.

Accelerating Growth: AI's earnings growth over the past year (6%) exceeds its 5-year average (5.9% per year).

Earnings vs Industry: AI earnings growth over the past year (6%) exceeded the Chemicals industry -34.3%.


Return on Equity

High ROE: AI's Return on Equity (12.6%) is considered low.


Next Steps

Financial Health

How is L'Air Liquide's financial position?


Financial Position Analysis

Short Term Liabilities: AI's short term assets (€6.5B) do not cover its short term liabilities (€6.9B).

Long Term Liabilities: AI's short term assets (€6.5B) do not cover its long term liabilities (€18.2B).


Debt to Equity History and Analysis

Debt Level: AI's debt to equity ratio (78.1%) is considered high.

Reducing Debt: AI's debt to equity ratio has increased from 70.5% to 78.1% over the past 5 years.

Debt Coverage: AI's debt is well covered by operating cash flow (33.5%).

Interest Coverage: AI's interest payments on its debt are well covered by EBIT (9.8x coverage).


Balance Sheet


Next Steps

Dividend

What is L'Air Liquide current dividend yield, its reliability and sustainability?

1.79%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: AI's dividend (1.79%) is higher than the bottom 25% of dividend payers in the French market (1.56%).

High Dividend: AI's dividend (1.79%) is low compared to the top 25% of dividend payers in the French market (5.25%).


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 reasonable payout ratio (56.3%), 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 (53.3% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.5yrs

Average management tenure


CEO

Benoît Potier (63 yo)

23.67yrs

Tenure

€5,650,000

Compensation

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 ($USD6.59M) is above average for companies of similar size in the French market ($USD3.92M).

Compensation vs Earnings: Benoît's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Benoît Potier
Chairman & CEO23.67yrs€5.65m0.083%
€ 53.5m
Fabienne Lecorvaisier
CFO & Executive VP12.67yrsno datano data
Laurent Dublanchet
Group Chief Information Officer6.25yrsno datano data
Aude Rodriguez
Head of Investor Relations5.5yrsno datano data
Armelle Levieux
Group Vice President Human Resources3.5yrsno datano data
Jean-Marc de Royere
Senior Vice President of Inclusive Businessno datano datano data
François Jackow
Executive VP of Europe Industries3.17yrsno datano data
Guy Salzgeber
Executive VP of Industrial Merchant & Hydrogen Energy Worldno datano datano data
Michael Graff
Executive Vice President of Americas & Asia Hubs3.17yrsno datano data
François Venet
Senior Vice President of Strategy3.17yrsno datano data
Sylvie Villepontoux
Managing Director of Air Liquide United Kingdomno datano datano data
Jérôme Christin
Managing Director of Air Liquide Turkeyno datano datano data

4.5yrs

Average Tenure

58yo

Average Age

Experienced Management: AI's management team is considered experienced (4.5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Benoît Potier
Chairman & CEO23.67yrs€5.65m0.083%
€ 53.5m
Siân Herbert-Jones
Independent Director9.33yrs€91.75k0.00021%
€ 135.9k
Sin Leng Low
Independent Director6.33yrs€91.75k0.00032%
€ 207.1k
Jean-Paul Agon
Lead Independent Director3.33yrs€101.50k0.00038%
€ 245.9k
Thierry Peugeot
Director15.33yrs€71.75k0.00047%
€ 304.1k
Xavier M. Huillard
Independent Director3.33yrs€71.00k0.0028%
€ 1.8m
Geneviève Berger
Independent Director5.33yrs€82.25k0.00013%
€ 84.1k
Brian Gilvary
Independent Director4.33yrs€77.50k0.00041%
€ 265.3k
Annette Winkler
Independent Director6.33yrs€95.25k0.00039%
€ 252.3k
Philippe Dubrulle
Employee Representative Director6.25yrsno datano data
Anette Bronder
Independent Director0.33yrno datano data
Kim-Ann Mink
Independent Director0.33yrno datano data

5.8yrs

Average Tenure

62yo

Average Age

Experienced Board: AI's board of directors are considered experienced (5.8 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 company bio, 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: €64.705b
  • Shares outstanding: 471.61m
  • Website: https://www.airliquide.com

Number of Employees


Location

  • L'Air Liquide S.A.
  • 75 quai d'Orsay
  • Paris
  • Ile-de-France
  • 75007
  • France

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
AIQU.YOTCPK (Pink Sheets LLC)ADR-EACH CNV INTO 1/5 EUR11USUSDAug 1984
AILADB (Deutsche Boerse AG)ADR-EACH CNV INTO 1/5 EUR11DEEURAug 1984
AIQU.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJan 1992
AILDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJan 1992
0NWFLSE (London Stock Exchange)YesOrdinary SharesGBEURJan 1992
AIENXTPA (Euronext Paris)YesOrdinary SharesFREURJan 1992
AILXTRA (XETRA Trading Platform)YesOrdinary SharesDEEURJan 1992
AIPBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURJan 1992
AIWBAG (Wiener Boerse AG)YesOrdinary SharesATEURJan 1992
AIBIT (Borsa Italiana)YesOrdinary SharesITEURJan 1992
AISWX (SIX Swiss Exchange)YesOrdinary SharesCHCHFJan 1992
AI NBMV (Bolsa Mexicana de Valores)YesOrdinary SharesMXMXNJan 1992

Biography

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 oxy ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/28 21:28
End of Day Share Price2020/09/28 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.