Executive Summary
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. More Details
Snowflake Analysis
Solid track record average dividend payer.
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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 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.
Market Performance
7 Day Return
-0.8%
AI
-0.8%
FR Chemicals
-0.2%
FR Market
1 Year Return
26.6%
AI
28.5%
FR Chemicals
48.5%
FR Market
Return vs Industry: AI underperformed the French Chemicals industry which returned 28.5% over the past year.
Return vs Market: AI underperformed the French Market which returned 48.4% over the past year.
Shareholder returns
| AI | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.8% | -0.8% | -0.2% |
| 30 Day | 0.8% | 1.0% | 2.2% |
| 90 Day | 5.3% | 6.1% | 11.0% |
| 1 Year | 26.6%26.6% | 28.8%28.5% | 52.4%48.5% |
| 3 Year | 49.6%39.6% | 42.6%33.0% | 26.1%15.2% |
| 5 Year | 104.8%76.9% | 98.3%72.7% | 78.3%55.2% |
Long-Term 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
3 days ago | Simply Wall St
L'Air Liquide S.A. (EPA:AI) Stock Goes Ex-Dividend In Just Three Days5 days ago | Simply Wall St
Estimating The Fair Value Of L'Air Liquide S.A. (EPA:AI)2 weeks ago | Simply Wall St
Here's Why Shareholders May Want To Be Cautious With Increasing L'Air Liquide S.A.'s (EPA:AI) CEO Pay PacketValuation
Is L'Air Liquide undervalued compared to its fair value and its price relative to the market?
27.52x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: AI (€142.1) is trading above our estimate of fair value (€132.16)
Significantly Below Fair Value: AI is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: AI is good value based on its PE Ratio (27.5x) compared to the French Chemicals industry average (34.6x).
PE vs Market: AI is poor value based on its PE Ratio (27.5x) compared to the French market (24.5x).
Price to Earnings Growth Ratio
PEG Ratio: AI is poor value based on its PEG Ratio (3.3x)
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 22 analysts?
8.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: AI's forecast earnings growth (8.4% per year) is above the savings rate (0.4%).
Earnings vs Market: AI's earnings (8.4% per year) are forecast to grow slower than the French market (19.3% per year).
High Growth Earnings: AI's earnings are forecast to grow, but not significantly.
Revenue vs Market: AI's revenue (5.5% per year) is forecast to grow slower than the French market (6.8% per year).
High Growth Revenue: AI's revenue (5.5% 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 (14.2%).
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 (11.9%) are higher than last year (10.2%).
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 (8.6%) exceeds its 5-year average (5.9% per year).
Earnings vs Industry: AI earnings growth over the past year (8.6%) exceeded the Chemicals industry -17.1%.
Return on Equity
High ROE: AI's Return on Equity (13.3%) 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 (€7.3B).
Long Term Liabilities: AI's short term assets (€6.4B) do not cover its long term liabilities (€15.7B).
Debt to Equity History and Analysis
Debt Level: AI's debt to equity ratio (65.4%) is considered high.
Reducing Debt: AI's debt to equity ratio has reduced from 66% to 65.4% over the past 5 years.
Debt Coverage: AI's debt is well covered by operating cash flow (41.9%).
Interest Coverage: AI's interest payments on its debt are well covered by EBIT (10.1x coverage).
Balance Sheet
Dividend
What is L'Air Liquide current dividend yield, its reliability and sustainability?
1.93%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: AI's dividend (1.94%) is higher than the bottom 25% of dividend payers in the French market (1.33%).
High Dividend: AI's dividend (1.94%) is low compared to the top 25% of dividend payers in the French market (3.91%).
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 (53.3%), 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 (50.8% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
5.2yrs
Average management tenure
CEO
Benoît Potier (63 yo)
24.33yrs
Tenure
€5,046,000
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 ($USD6.12M) is above average for companies of similar size in the French market ($USD3.92M).
Compensation vs Earnings: Benoît's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: AI's management team is seasoned and experienced (5.2 years average tenure).
Board Members
Experienced Board: AI's board of directors are considered experienced (5.5 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: €67.060b
- Shares outstanding: 471.92m
- 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
Biography
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 ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/05/15 18:09 |
| End of Day Share Price | 2021/05/14 00:00 |
| Earnings | 2020/12/31 |
| 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.