Air Liquide SA
AI: XPAR (FRA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
€512.00 | Xcnl | Wzmtfpvv |
Acceleration of Investment Decisions Positions Air Liquide Well for Future Growth; Maintaining FVE
We are maintaining our EUR 140 fair value estimate for narrow-moat-rated Air Liquide as nothing in its fourth-quarter earnings release materially alters our long-term outlook for the firm. Despite a challenging macroeconomic environment, the industrial gas firm grew its full-year 2022 comparable revenue and EPS both by 7% from the prior year. We see the name as appropriately valued at current levels, with shares trading in 3-star territory.