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Air Products & Chemicals Inc APD

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Stock XNYS Rating as of
$245.87 +2.18 (0.89%)
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As of Delayed Price Closed
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Company Report

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Air Products Earnings: Full-Year Outlook Maintained After Solid Quarter

Krzysztof Smalec

Wide-moat-rated Air Products posted solid fiscal second-quarter results, as its adjusted EPS of $2.85 came in above management’s guidance range of $2.60 to $2.75 thanks to strong results in the Americas and Europe. We’ve trimmed our fair value estimate to $303 from $307, which reflects our slightly more conservative near-term revenue growth projections, but we continue to see the name as modestly undervalued.

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Price vs Fair Value

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APD is trading at a 19% discount.
Price
$245.87
Fair Value
$823.00
Uncertainty
Medium
1-Star Price
$488.53
5-Star Price
$949.50
Economic Moat
Mrhkt
Capital Allocation
Djhsjmysck

Bulls Say, Bears Say

Bulls

Air Products is poised for rapid growth due to business opportunities that drive its ambitious $30 billion capital allocation plan.

Bears

After Air Liquide’s 2016 acquisition of Airgas and the Praxair-Linde merger in 2018, Air Products is a distant third in terms of market share among industrial gas majors and may struggle to regain share.

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News

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Trading Information

Previous Close Price
$243.69
Day Range
$244.08–247.39
52-Week Range
$212.24–307.71
Bid/Ask
$240.00 / $250.00
Market Cap
$54.66 Bil
Volume/Avg
1.6 Mil / 1.9 Mil

Key Statistics

Price/Earnings (Normalized)
21.04
Price/Sales
4.51
Dividend Yield (Trailing)
2.86%
Dividend Yield (Forward)
2.86%
Total Yield
2.86%

Company Profile

Since its founding in 1940, Air Products has become one of the leading industrial gas suppliers globally, with operations in 50 countries and 19,000 employees. The company is the largest supplier of hydrogen and helium in the world. It has a unique portfolio serving customers in a number of industries, including chemicals, energy, healthcare, metals, and electronics. Air Products generated $12.6 billion in revenue in fiscal 2023.
Sector
Basic Materials
Industry
Specialty Chemicals
Stock Style Box
Large Core
Total Number of Employees
23,000
Website
https://www.airproducts.com

Competitors

Valuation

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Metric
APD
LIN
AI
Price/Earnings (Normalized)
 21.0429.1328.84
Price/Book Value
 3.675.243.89
Price/Sales
 4.516.333.43
Price/Cash Flow
 15.2220.5316.48
Price/Earnings
APD
LIN
AI

Financial Strength

Metric
APD
LIN
AI
Quick Ratio
 1.250.620.51
Current Ratio
 1.490.800.87
Interest Coverage
 15.6519.8356.89
Quick Ratio
APD
LIN
AI

Profitability

Metric
APD
LIN
AI
Return on Assets (Normalized)
 8.09%8.94%6.80%
Return on Equity (Normalized)
 18.18%18.03%13.97%
Return on Invested Capital (Normalized)
 10.29%12.19%8.86%
Return on Assets
APD
LIN
AI
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