Overview Dividends

(APD) Air Products Chemicals - Ratings and Ratios

Exchange: NYSE • Country: United States • Currency: USD • Type: Common Stock • ISIN: US0091581068

Atmospheric Gases, Process Gases, Specialty Gases, Equipment, Services

APD EPS (Earnings per Share)

EPS Growth (3Y CAGR): 9.52%
EPS Trend (3Y Correlation): 50.7%

APD Revenue

Revenue Growth (3Y CAGR): -0.09%
Revenue Trend (3Y Correlation): -35.1%

Risk via 10d forecast
Volatility	24.3%
Value at Risk 5%th	36.6%

Reward
Sharpe Ratio	-0.65
Alpha Jensen	-28.46

Character
Hurst Exponent	0.391
Beta	0.871

Drawdowns 3y
Max DD	31.77%
Mean DD	12.79%

Description: APD Air Products Chemicals September 26, 2025

Air Products and Chemicals Inc. (NYSE: APD) is a global industrial-gases company that manufactures and sells atmospheric gases (oxygen, nitrogen, argon), process gases (hydrogen, helium, CO₂, CO, syngas) and specialty gases to a broad customer base spanning refining, chemicals, electronics, energy, medical, food and metals. In addition to gases, the firm designs and builds equipment for air-separation units, hydrocarbon recovery, natural-gas liquefaction, and the transport/storage of liquid helium and hydrogen. Founded in 1940, the company is headquartered in Allentown, Pennsylvania, and operates across the Americas, Europe, the Middle East, India and Asia.

Key recent metrics: APD reported FY 2024 revenue of $15.2 billion, up ~4 % YoY, driven largely by a 9 % increase in hydrogen sales as demand from ammonia-based fertilizer and clean-energy projects accelerates. Free cash flow remained robust at $2.1 billion, supporting a 60 % payout ratio and a 5-year dividend growth track record. A material sector driver is the global push toward net-zero, which is expanding the market for low-carbon hydrogen and liquid-hydrogen logistics-areas where Air Products holds a leading technology position.

For a deeper, data-focused evaluation of APD’s valuation and risk profile, you might explore the analytical tools available on ValueRay.

APD Stock Overview

Market Cap in USD	57,806m
Sub-Industry	Industrial Gases
IPO / Inception	1987-01-01
Return 12m vs S&P 500	-25.6%
Analyst Rating	4.0 of 5

APD Dividends

Dividend Yield	2.73%
Yield on Cost 5y	3.03%
Yield CAGR 5y	-0.23%
Payout Consistency	29.8%
Payout Ratio	59.4%

APD Growth Ratios

CAGR	-1.52%
CAGR/Max DD Calmar Ratio	-0.05
CAGR/Mean DD Pain Ratio	-0.12
Current Volume	983.2k
Average Volume	1143k

Piotroski VR‑10 (Strict, 0-10) 2.5

Net Income (-394.5m TTM) > 0 and > 6% of Revenue (6% = 722.2m TTM)

FCFTA -0.11 (>2.0%) and ΔFCFTA -4.97pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue 13.35% (prev 18.04%; Δ -4.69pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.07 (>3.0%) and CFO 2.95b > Net Income -394.5m (YES >=105%, WARN >=100%)

Net Debt (16.46b) to EBITDA (1.34b) ratio: 12.31 <= 3.0 (WARN <= 3.5)

Current Ratio 1.38 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (222.9m) change vs 12m ago 0.04% (target <= -2.0% for YES)

Gross Margin 31.41% (prev 32.50%; Δ -1.09pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 29.86% (prev 30.58%; Δ -0.72pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio -1.06 (EBITDA TTM 1.34b / Interest Expense TTM 214.0m) >= 6 (WARN >= 3)

Altman Z'' 2.31

(A) 0.04 = (Total Current Assets 5.83b - Total Current Liabilities 4.22b) / Total Assets 41.06b

(B) 0.44 = Retained Earnings (Balance) 17.95b / Total Assets 41.06b

(D) 0.63 = Book Value of Equity 15.02b / Total Liabilities 23.71b

Total Rating: 2.31 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 26.83

1. Piotroski 2.50pt = -2.50

2. FCF Yield -6.23% = -3.12

3. FCF Margin -38.44% = -7.50

4. Debt/Equity 1.22 = 1.80

5. Debt/Ebitda 12.31 = -2.50

6. ROIC - WACC (= -7.07)% = -8.84

7. RoE -2.55% = -0.42

8. Rev. Trend -35.14% = -2.64

9. EPS Trend 50.74% = 2.54

What is the price of APD shares?

As of November 13, 2025, the stock is trading at USD 261.55 with a total of 983,196 shares traded.
Over the past week, the price has changed by +10.10%, over one month by +0.26%, over three months by -8.99% and over the past year by -13.79%.

Is Air Products Chemicals a good stock to buy?

No, based on ValueRay´s Fundamental Analyses, Air Products Chemicals (NYSE:APD) is currently (November 2025) a stock to sell. It has a ValueRay Fundamental Rating of 26.83 and therefor a negative outlook according to the companies health.
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of APD is around 223.79 USD . This means that APD is currently overvalued and has a potential downside of -14.44%.

Is APD a buy, sell or hold?

Air Products Chemicals has received a consensus analysts rating of 4.00. Therefore, it is recommended to buy APD.

Strong Buy: 10
Buy: 5
Hold: 8
Sell: 1
Strong Sell: 0

What are the forecasts/targets for the APD price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	312.7	19.5%
Analysts Target Price	312.7	19.5%
ValueRay Target Price	246.2	-5.9%

APD Fundamental Data Overview November 11, 2025

Market Cap USD = 57.81b (57.81b USD * 1.0 USD.USD)
P/E Forward = 20.7469
P/S = 4.8022
P/B = 3.876
P/EG = 6.6869
Beta = 0.871
Revenue TTM = 12.04b USD
EBIT TTM = -226.7m USD
EBITDA TTM = 1.34b USD
Long Term Debt = 16.46b USD (from longTermDebt, two quarters ago)
Short Term Debt = 751.0m USD (from shortTermDebt, last quarter)
Debt = 18.31b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 16.46b USD (from netDebt column, last quarter)
Enterprise Value = 74.26b USD (57.81b + Debt 18.31b - CCE 1.86b)
Interest Coverage Ratio = -1.06 (Ebit TTM -226.7m / Interest Expense TTM 214.0m)
FCF Yield = -6.23% (FCF TTM -4.63b / Enterprise Value 74.26b)
FCF Margin = -38.44% (FCF TTM -4.63b / Revenue TTM 12.04b)
Net Margin = -3.28% (Net Income TTM -394.5m / Revenue TTM 12.04b)
Gross Margin = 31.41% ((Revenue TTM 12.04b - Cost of Revenue TTM 8.26b) / Revenue TTM)
Gross Margin QoQ = 32.25% (prev 32.51%)
Tobins Q-Ratio = 1.81 (Enterprise Value 74.26b / Total Assets 41.06b)
Interest Expense / Debt = 0.37% (Interest Expense 67.8m / Debt 18.31b)
Taxrate = 91.67% (111.2m / 121.3m)
NOPAT = -18.9m (EBIT -226.7m * (1 - 91.67%)) [loss with tax shield]
Current Ratio = 1.38 (Total Current Assets 5.83b / Total Current Liabilities 4.22b)
Debt / Equity = 1.22 (Debt 18.31b / totalStockholderEquity, last quarter 15.02b)
Debt / EBITDA = 12.31 (Net Debt 16.46b / EBITDA 1.34b)
Debt / FCF = -3.56 (negative FCF - burning cash) (Net Debt 16.46b / FCF TTM -4.63b)
Total Stockholder Equity = 15.49b (last 4 quarters mean from totalStockholderEquity)
RoA = -0.96% (Net Income -394.5m / Total Assets 41.06b)
RoE = -2.55% (Net Income TTM -394.5m / Total Stockholder Equity 15.49b)
RoCE = -0.71% (EBIT -226.7m / Capital Employed (Equity 15.49b + L.T.Debt 16.46b))
RoIC = -0.06% (negative operating profit) (NOPAT -18.9m / Invested Capital 31.65b)
WACC = 7.01% (E(57.81b)/V(76.12b) * Re(9.22%) + D(18.31b)/V(76.12b) * Rd(0.37%) * (1-Tc(0.92)))
Discount Rate = 9.22% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 81.65 | Cagr: 0.02%
Fair Price DCF = unknown (Cash Flow -4.63b)
EPS Correlation: 50.74 | EPS CAGR: 9.52% | SUE: 0.07 | # QB: 0
Revenue Correlation: -35.14 | Revenue CAGR: -0.09% | SUE: 0.27 | # QB: 0

Additional Sources for APD Stock

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