Air Products and Chemicals, Inc.

LSE:0HBH Stock Report

Market Cap: US$63.0b

Air Products and Chemicals Valuation

Is 0HBH undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

6/6

Valuation Score 6/6

  • 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 0HBH when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 0HBH ($283.9) is trading below our estimate of fair value ($983.29)

Significantly Below Fair Value: 0HBH is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 0HBH?

Key metric: As 0HBH is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 0HBH. This is calculated by dividing 0HBH's market cap by their current earnings.
What is 0HBH's PE Ratio?
PE Ratio16.4x
EarningsUS$3.84b
Market CapUS$63.00b

Price to Earnings Ratio vs Peers

How does 0HBH's PE Ratio compare to its peers?

The above table shows the PE ratio for 0HBH vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average23.3x
RIO Rio Tinto Group
8.9x0.9%UK£81.6b
ANTO Antofagasta
25.8x18.3%UK£15.9b
CRDA Croda International
28.8x14.9%UK£4.7b
AI L'Air Liquide
29.6x10.6%€89.8b
0HBH Air Products and Chemicals
16.4x1.7%US$63.0b

Price-To-Earnings vs Peers: 0HBH is good value based on its Price-To-Earnings Ratio (16.4x) compared to the peer average (23.3x).

Price to Earnings Ratio vs Industry

How does 0HBH's PE Ratio compare vs other companies in the European Chemicals Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
0HBH 16.4xIndustry Avg. 17.2xNo. of Companies11PE01224364860+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 0HBH is good value based on its Price-To-Earnings Ratio (16.4x) compared to the European Chemicals industry average (17.2x).

Price to Earnings Ratio vs Fair Ratio

What is 0HBH'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.

0HBH PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio16.4x
Fair PE Ratio18.7x

Price-To-Earnings vs Fair Ratio: 0HBH is good value based on its Price-To-Earnings Ratio (16.4x) compared to the estimated Fair Price-To-Earnings Ratio (18.7x).

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 0HBH forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$283.90
US$347.38
+22.4%
7.9%US$395.00US$290.00n/a21
Dec ’25US$334.33
US$345.09
+3.2%
6.2%US$380.00US$290.00n/a21
Nov ’25US$310.14
US$333.16
+7.4%
8.0%US$385.00US$275.00n/a21
Oct ’25US$293.15
US$302.28
+3.1%
9.3%US$355.00US$210.00n/a23
Sep ’25US$275.75
US$300.51
+9.0%
9.7%US$355.00US$210.00n/a23
Aug ’25US$285.62
US$284.90
-0.3%
11.1%US$355.00US$210.00n/a23
Jul ’25US$249.32
US$280.69
+12.6%
11.0%US$355.00US$210.00n/a23
Jun ’25US$262.79
US$269.60
+2.6%
11.1%US$355.00US$210.00n/a23
May ’25US$237.74
US$270.84
+13.9%
11.7%US$355.00US$210.00n/a23
Apr ’25US$242.79
US$266.23
+9.7%
11.9%US$355.00US$210.00n/a22
Mar ’25US$236.12
US$272.03
+15.2%
13.3%US$355.00US$210.00n/a23
Feb ’25US$259.29
US$309.51
+19.4%
9.0%US$355.00US$240.00n/a23
Jan ’25US$274.03
US$308.94
+12.7%
8.6%US$355.00US$240.00US$290.8123
Dec ’24US$272.31
US$309.38
+13.6%
8.4%US$355.00US$240.00US$334.3323
Nov ’24US$283.42
US$331.93
+17.1%
6.3%US$380.00US$300.00US$310.1423
Oct ’24US$282.79
US$329.36
+16.5%
6.4%US$380.00US$300.00US$293.1523
Sep ’24US$298.66
US$328.66
+10.0%
6.7%US$380.00US$300.00US$275.7522
Aug ’24US$303.03
US$328.00
+8.2%
6.6%US$385.00US$300.00US$285.6222
Jul ’24US$298.61
US$326.17
+9.2%
6.3%US$385.00US$300.00US$249.3224
Jun ’24US$274.05
US$328.38
+19.8%
6.8%US$385.00US$300.00US$262.7924
May ’24US$294.74
US$328.74
+11.5%
6.7%US$375.00US$300.00US$237.7423
Apr ’24US$284.04
US$329.91
+16.2%
7.2%US$385.00US$300.00US$242.7923
Mar ’24US$291.44
US$331.79
+13.8%
7.5%US$386.00US$295.00US$236.1224
Feb ’24US$317.35
US$330.79
+4.2%
8.6%US$394.00US$280.00US$259.2924
Jan ’24US$308.94
US$322.91
+4.5%
8.8%US$394.00US$280.00US$274.0322

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/03 08:55
End of Day Share Price 2025/01/02 00:00
Earnings2024/09/30
Annual Earnings2024/09/30

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 here.

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 .

Analyst Sources

Air Products and Chemicals, Inc. is covered by 43 analysts. 19 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
William SeleskyArgus Research Company
David MantheyBaird
Sergey VasnetsovBarclays