L'Air Liquide Valuation

Q: What is the Fair Price of 0NWF when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

0NWF (€172.28) is trading above our estimate of [[fair value]] (€145.9)

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

Below Fair Value: 0NWF (€172.28) is trading above our estimate of fair value (€145.9)

Significantly Below Fair Value: 0NWF is trading above our estimate of fair value.

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for 0NWF. This is calculated by dividing 0NWF's market cap by their current preferred multiple.
What is 0NWF's n/a Ratio?
n/a	0x
n/a	n/a
Market Cap	€100.40b

0NWF key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	4.2x
Enterprise Value/EBITDA	15.3x
PEG Ratio	3x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for 0NWF vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	26.7x
RIO Rio Tinto Group	10.6x	-0.4%	UK£89.3b
ANTO Antofagasta	35.1x	19.8%	UK£20.0b
APD Air Products and Chemicals	26x	10.6%	US$65.7b
CRDA Croda International	35.1x	16.2%	UK£5.7b
0NWF L'Air Liquide	33.1x	11.1%	€100.4b

Price-To-Earnings vs Peers: 0NWF is expensive based on its Price-To-Earnings Ratio (33.1x) compared to the peer average (26.9x).

Price to Earnings Ratio vs Industry

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

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	29.0%
	n/a	n/a	n/a

Fetching data

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	29.0%
	n/a	n/a	n/a

No more companies

Price-To-Earnings vs Industry: 0NWF is expensive based on its Price-To-Earnings Ratio (33.1x) compared to the European Chemicals industry average (18.2x).

Price to Earnings Ratio vs Fair Ratio

What is 0NWF'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.

0NWF PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	33.1x
Fair PE Ratio	23.9x

Price-To-Earnings vs Fair Ratio: 0NWF is expensive based on its Price-To-Earnings Ratio (33.1x) compared to the estimated Fair Price-To-Earnings Ratio (23.9x).

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 0NWF forecast and predictions for the stock price in 12 month’s time.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	€172.28	€183.06 +6.3%	10.5%	€216.00	€146.00	n/a	21
Sep ’25	€169.12	€182.23 +7.8%	10.8%	€216.00	€140.50	n/a	21
Aug ’25	€167.08	€181.58 +8.7%	10.8%	€216.00	€140.50	n/a	21
Jul ’25	€164.83	€179.00 +8.6%	9.8%	€200.00	€140.50	n/a	20
Jun ’25	€164.33	€180.78 +10.0%	9.3%	€202.73	€146.36	n/a	21
May ’25	€167.16	€180.78 +8.1%	9.3%	€202.73	€146.36	n/a	21
Apr ’25	€175.34	€176.86 +0.9%	9.4%	€201.82	€146.36	n/a	22
Mar ’25	€169.99	€174.71 +2.8%	8.9%	€200.00	€146.36	n/a	22
Feb ’25	€156.94	€165.50 +5.4%	8.2%	€181.82	€131.82	n/a	22
Jan ’25	€160.21	€163.84 +2.3%	8.5%	€181.82	€131.82	n/a	22
Dec ’24	€158.09	€163.22 +3.2%	8.2%	€181.82	€131.82	n/a	22
Nov ’24	€147.00	€161.90 +10.1%	8.9%	€181.82	€131.82	n/a	22
Oct ’24	€146.70	€160.87 +9.7%	8.8%	€176.36	€131.82	n/a	21
Sep ’24	€152.14	€160.96 +5.8%	8.6%	€176.36	€131.82	€169.12	21
Aug ’24	€147.30	€159.31 +8.2%	8.6%	€176.36	€131.82	€167.08	22
Jul ’24	€149.65	€155.83 +4.1%	9.6%	€174.55	€123.64	€164.83	25
Jun ’24	€143.70	€155.83 +8.4%	9.6%	€174.55	€123.64	€164.33	25
May ’24	€148.36	€152.61 +2.9%	10.3%	€174.55	€118.18	€167.16	26
Apr ’24	€140.16	€146.73 +4.7%	10.2%	€172.73	€118.18	€175.34	26
Mar ’24	€135.96	€146.38 +7.7%	10.6%	€172.73	€118.18	€169.99	26
Feb ’24	€132.43	€142.01 +7.2%	11.0%	€172.73	€111.82	€156.94	26
Jan ’24	€121.83	€141.29 +16.0%	10.0%	€170.91	€112.73	€160.21	25
Dec ’23	€126.58	€142.46 +12.5%	9.1%	€170.91	€112.73	€158.09	25
Nov ’23	€120.16	€141.91 +18.1%	8.9%	€161.15	€106.36	€147.00	25
Oct ’23	€106.58	€141.66 +32.9%	10.0%	€161.15	€101.82	€146.70	25
Sep ’23	€112.33	€141.48 +26.0%	9.3%	€161.15	€112.73	€152.14	27

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