L'Air Liquide S.A.

ENXTPA:AI Stock Report

Market Cap: €93.6b

L'Air Liquide Valuation

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

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair 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 AI when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: AI (€162.44) is trading above our estimate of fair value (€158.72)

Significantly Below Fair Value: AI is trading above our estimate of fair value.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for AI. This is calculated by dividing AI's market cap by their current earnings.
What is AI's PE Ratio?
PE Ratio30.8x
Earnings€3.04b
Market Cap€93.63b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for AI vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average22.8x
APD Air Products and Chemicals
18.3x1.4%US$69.6b
AKE Arkema
16.9x20.6%€5.8b
LIN Linde
33.8x9.3%US$217.2b
RBT Robertet
22.2x8.0%€1.9b
AI L'Air Liquide
30.8x11.1%€93.6b

Price-To-Earnings vs Peers: AI is expensive based on its Price-To-Earnings Ratio (30.8x) compared to the peer average (22.8x).

Price to Earnings Ratio vs Industry

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

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
AI 30.8xIndustry Avg. 17.7xNo. of Companies11PE01224364860+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: AI is expensive based on its Price-To-Earnings Ratio (30.8x) compared to the European Chemicals industry average (17.7x).

Price to Earnings Ratio vs Fair Ratio

What is AI'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.

AI PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio30.8x
Fair PE Ratio17.8x

Price-To-Earnings vs Fair Ratio: AI is expensive based on its Price-To-Earnings Ratio (30.8x) compared to the estimated Fair Price-To-Earnings Ratio (17.8x).

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 AI forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€162.44
€187.78
+15.6%
9.1%€216.00€149.00n/a22
Nov ’25€166.30
€186.01
+11.9%
10.0%€216.00€149.00n/a22
Oct ’25€170.94
€183.06
+7.1%
10.5%€216.00€146.00n/a21
Sep ’25€168.72
€182.23
+8.0%
10.8%€216.00€140.50n/a21
Aug ’25€165.90
€181.58
+9.5%
10.8%€216.00€140.50n/a21
Jul ’25€162.62
€179.00
+10.1%
9.8%€200.00€140.50n/a20
Jun ’25€164.05
€180.78
+10.2%
9.3%€202.73€146.36n/a21
May ’25€167.16
€180.78
+8.1%
9.3%€202.73€146.36n/a21
Apr ’25€175.31
€176.86
+0.9%
9.4%€201.82€146.36n/a22
Mar ’25€169.95
€174.71
+2.8%
8.9%€200.00€146.36n/a22
Feb ’25€157.45
€165.50
+5.1%
8.2%€181.82€131.82n/a22
Jan ’25€160.11
€163.84
+2.3%
8.5%€181.82€131.82n/a22
Dec ’24€157.45
€163.22
+3.7%
8.2%€181.82€131.82n/a22
Nov ’24€148.05
€161.90
+9.4%
8.9%€181.82€131.82€166.3022
Oct ’24€145.31
€160.87
+10.7%
8.8%€176.36€131.82€170.9421
Sep ’24€152.02
€160.96
+5.9%
8.6%€176.36€131.82€168.7221
Aug ’24€147.29
€159.31
+8.2%
8.6%€176.36€131.82€165.9022
Jul ’24€149.27
€155.83
+4.4%
9.6%€174.55€123.64€162.6225
Jun ’24€143.69
€155.83
+8.4%
9.6%€174.55€123.64€164.0525
May ’24€148.35
€152.61
+2.9%
10.3%€174.55€118.18€167.1626
Apr ’24€140.18
€146.73
+4.7%
10.2%€172.73€118.18€175.3126
Mar ’24€135.75
€146.38
+7.8%
10.6%€172.73€118.18€169.9526
Feb ’24€132.42
€142.01
+7.2%
11.0%€172.73€111.82€157.4526
Jan ’24€120.36
€141.29
+17.4%
10.0%€170.91€112.73€160.1125
Dec ’23€126.84
€142.46
+12.3%
9.1%€170.91€112.73€157.4525
Nov ’23€119.85
€141.91
+18.4%
8.9%€161.15€106.36€148.0525

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

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