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): 2.46%
EPS Trend (3Y Correlation): 31.9%

APD Revenue

Revenue Growth (3Y CAGR): -5.87%
Revenue Trend (3Y Correlation): -69.5%

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	57,214m
Sub-Industry	Industrial Gases
IPO / Inception	1987-01-01

APD Stock Ratings

Growth Rating	-9.73%
Fundamental	33.1%
Dividend Rating	38.3%
Return 12m vs S&P 500	-32.2%
Analyst Rating	4.0 of 5

APD Dividends

Dividend Yield 12m	2.82%
Yield on Cost 5y	2.82%
Annual Growth 5y	-0.23%
Payout Consistency	41.0%
Payout Ratio	58.5%

APD Growth Ratios

Growth Correlation 3m	-73.8%
Growth Correlation 12m	-59.1%
Growth Correlation 5y	49.9%
CAGR 5y	2.72%
CAGR/Max DD 3y (Calmar Ratio)	0.09
CAGR/Mean DD 3y (Pain Ratio)	0.22
Sharpe Ratio 12m	-0.96
Alpha	-35.62
Beta	0.839
Volatility	22.55%
Current Volume	1098.3k
Average Volume 20d	1161.8k
Stop Loss	245.5 (-3%)
Signal	-0.52

Piotroski VR‑10 (Strict, 0-10) 4.0

Net Income (1.55b TTM) > 0 and > 6% of Revenue (6% = 723.5m TTM)

FCFTA -0.11 (>2.0%) and ΔFCFTA -4.37pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue 11.51% (prev 9.94%; Δ 1.57pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.07 (>3.0%) and CFO 2.95b > Net Income 1.55b (YES >=105%, WARN >=100%)

Net Debt (16.02b) to EBITDA (3.67b) ratio: 4.37 <= 3.0 (WARN <= 3.5)

Current Ratio 1.29 (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 31.87% (prev 31.67%; Δ 0.20pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 30.67% (prev 32.74%; Δ -2.07pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 10.91 (EBITDA TTM 3.67b / Interest Expense TTM 195.9m) >= 6 (WARN >= 3)

Altman Z'' 2.70

(A) 0.03 = (Total Current Assets 6.15b - Total Current Liabilities 4.76b) / Total Assets 41.66b

(B) 0.43 = Retained Earnings (Balance) 17.95b / Total Assets 41.66b

(D) 0.68 = Book Value of Equity 16.23b / Total Liabilities 23.89b

Total Rating: 2.70 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 33.12

1. Piotroski 4.0pt = -1.0

2. FCF Yield -6.32% = -3.16

3. FCF Margin -38.38% = -7.50

4. Debt/Equity 1.18 = 1.84

5. Debt/Ebitda 4.37 = -2.50

6. ROIC - WACC (= -1.41)% = -1.76

7. RoE 9.70% = 0.81

8. Rev. Trend -69.51% = -5.21

9. EPS Trend 31.94% = 1.60

What is the price of APD shares?

As of October 23, 2025, the stock is trading at USD 253.15 with a total of 1,098,314 shares traded.
Over the past week, the price has changed by -1.65%, over one month by -11.36%, over three months by -14.53% and over the past year by -21.42%.

Is Air Products Chemicals a good stock to buy?

No, based on ValueRay´s Fundamental Analyses, Air Products Chemicals (NYSE:APD) is currently (October 2025) a stock to sell. It has a ValueRay Fundamental Rating of 33.12 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 215.56 USD . This means that APD is currently overvalued and has a potential downside of -14.85%.

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	320.4	26.6%
Analysts Target Price	320.4	26.6%
ValueRay Target Price	237.1	-6.4%

APD Fundamental Data Overview October 13, 2025

Market Cap USD = 57.21b (57.21b USD * 1.0 USD.USD)
P/E Trailing = 36.517
P/E Forward = 20.7469
P/S = 4.7449
P/B = 3.876
P/EG = 6.6869
Beta = 0.839
Revenue TTM = 12.06b USD
EBIT TTM = 2.14b USD
EBITDA TTM = 3.67b USD
Long Term Debt = 16.46b USD (from longTermDebt, last quarter)
Short Term Debt = 1.24b USD (from shortTermDebt, last quarter)
Debt = 18.34b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 16.02b USD (from netDebt column, last quarter)
Enterprise Value = 73.23b USD (57.21b + Debt 18.34b - CCE 2.32b)
Interest Coverage Ratio = 10.91 (Ebit TTM 2.14b / Interest Expense TTM 195.9m)
FCF Yield = -6.32% (FCF TTM -4.63b / Enterprise Value 73.23b)
FCF Margin = -38.38% (FCF TTM -4.63b / Revenue TTM 12.06b)
Net Margin = 12.86% (Net Income TTM 1.55b / Revenue TTM 12.06b)
Gross Margin = 31.87% ((Revenue TTM 12.06b - Cost of Revenue TTM 8.21b) / Revenue TTM)
Gross Margin QoQ = 32.51% (prev 29.57%)
Tobins Q-Ratio = 1.76 (Enterprise Value 73.23b / Total Assets 41.66b)
Interest Expense / Debt = 0.33% (Interest Expense 61.4m / Debt 18.34b)
Taxrate = 17.92% (159.6m / 890.8m)
NOPAT = 1.75b (EBIT 2.14b * (1 - 17.92%))
Current Ratio = 1.29 (Total Current Assets 6.15b / Total Current Liabilities 4.76b)
Debt / Equity = 1.18 (Debt 18.34b / totalStockholderEquity, last quarter 15.54b)
Debt / EBITDA = 4.37 (Net Debt 16.02b / EBITDA 3.67b)
Debt / FCF = -3.46 (negative FCF - burning cash) (Net Debt 16.02b / FCF TTM -4.63b)
Total Stockholder Equity = 15.99b (last 4 quarters mean from totalStockholderEquity)
RoA = 3.72% (Net Income 1.55b / Total Assets 41.66b)
RoE = 9.70% (Net Income TTM 1.55b / Total Stockholder Equity 15.99b)
RoCE = 6.58% (EBIT 2.14b / Capital Employed (Equity 15.99b + L.T.Debt 16.46b))
RoIC = 5.56% (NOPAT 1.75b / Invested Capital 31.56b)
WACC = 6.97% (E(57.21b)/V(75.56b) * Re(9.11%) + D(18.34b)/V(75.56b) * Rd(0.33%) * (1-Tc(0.18)))
Discount Rate = 9.11% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 81.65 | Cagr: 0.02%
Fair Price DCF = unknown (Cash Flow -4.63b)
EPS Correlation: 31.94 | EPS CAGR: 2.46% | SUE: 0.80 | # QB: 0
Revenue Correlation: -69.51 | Revenue CAGR: -5.87% | SUE: 0.38 | # QB: 0

Additional Sources for APD Stock

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