(AI) Air Liquide - Ratings and Ratios
Industrial Gases, Hydrogen, Medical Gases, Engineering Services, Energy
Dividends
| Dividend Yield | 2.02% |
| Yield on Cost 5y | 3.21% |
| Yield CAGR 5y | 4.34% |
| Payout Consistency | 96.8% |
| Payout Ratio | 55.7% |
| Risk via 10d forecast | |
|---|---|
| Volatility | 16.2% |
| Value at Risk 5%th | 27.1% |
| Relative Tail Risk | 1.53% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.06 |
| Alpha | -1.14 |
| CAGR/Max DD | 1.03 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.471 |
| Beta | -0.027 |
| Beta Downside | -0.143 |
| Drawdowns 3y | |
|---|---|
| Max DD | 12.45% |
| Mean DD | 4.11% |
| Median DD | 3.89% |
Description: AI Air Liquide December 02, 2025
Air Liquide S.A. (ticker AI) is a global industrial-gases leader that serves the industrial and health sectors across Europe, the Americas, Asia-Pacific, the Middle East and Africa. Its operations are organized into three segments: **Gas & Services**, which delivers a portfolio of gases (oxygen, nitrogen, hydrogen, etc.) and related energy solutions to heavy-industry, manufacturing, food, pharma and semiconductor customers, as well as medical gases and home-care services; **Engineering & Construction**, which designs, builds and commissions gas-production plants for third-party owners and for renewable-energy projects; and **Global Markets & Technologies**, which focuses on emerging-technology solutions such as biomethane, hydrogen-refueling stations and gases for offshore wind and cryogenic shipping.
Key quantitative signals (as of FY 2023) include ≈ €30 bn of revenue, a ~ 13 % EBIT margin and a ~ 6 % free-cash-flow yield, reflecting the high-margin, recurring-revenue nature of the gas-distribution business. The segment’s growth is tightly linked to macro drivers: the global push for decarbonisation fuels demand for hydrogen and renewable-energy gases, while the semiconductor boom sustains the electronic-gases sub-business. Air Liquide’s hydrogen-production capacity grew ≈ 30 % YoY in 2023, positioning it to capture a larger share of the projected ~ 150 Mt / yr of hydrogen demand by 2030. A material risk is the potential slowdown in capital-intensive projects if macro-economic conditions tighten, which would directly affect the Engineering & Construction pipeline.
For a deeper, data-driven look at Air Liquide’s valuation dynamics, you may find it useful to explore the company’s profile on ValueRay.
Piotroski VR‑10 (Strict, 0-10) 7.0
| Net Income (5.11b TTM) > 0 and > 6% of Revenue (6% = 2.45b TTM) |
| FCFTA 0.07 (>2.0%) and ΔFCFTA 1.70pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue -3.67% (prev -4.27%; Δ 0.60pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.18 (>3.0%) and CFO 8.98b > Net Income 5.11b (YES >=105%, WARN >=100%) |
| Net Debt (11.05b) to EBITDA (11.41b) ratio: 0.97 <= 3.0 (WARN <= 3.5) |
| Current Ratio 0.84 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (578.1m) change vs 12m ago NaN% (target <= -2.0% for YES) |
| Gross Margin 63.13% (prev 59.62%; Δ 3.50pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 83.51% (prev 57.12%; Δ 26.39pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 12.82 (EBITDA TTM 11.41b / Interest Expense TTM 617.9m) >= 6 (WARN >= 3) |
Altman Z'' 3.35
| (A) -0.03 = (Total Current Assets 8.04b - Total Current Liabilities 9.54b) / Total Assets 49.34b |
| (B) 0.45 = Retained Earnings (Balance) 22.21b / Total Assets 49.34b |
| (C) 0.16 = EBIT TTM 7.92b / Avg Total Assets 48.83b |
| (D) 0.94 = Book Value of Equity 22.66b / Total Liabilities 24.11b |
| Total Rating: 3.35 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 76.63
| 1. Piotroski 7.0pt |
| 2. FCF Yield 3.47% |
| 3. FCF Margin 9.06% |
| 4. Debt/Equity 0.52 |
| 5. Debt/Ebitda 0.97 |
| 6. ROIC - WACC (= 10.75)% |
| 7. RoE 20.35% |
| 8. Rev. Trend 44.26% |
| 9. EPS Trend -21.20% |
What is the price of AI shares?
Over the past week, the price has changed by -1.16%, over one month by -3.37%, over three months by -7.38% and over the past year by +3.09%.
Is AI a buy, sell or hold?
What are the forecasts/targets for the AI price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 197.1 | 20.7% |
| Analysts Target Price | - | - |
| ValueRay Target Price | 173.5 | 6.3% |
AI Fundamental Data Overview November 27, 2025
Market Cap EUR = 95.37b (95.37b EUR * 1.0 EUR.EUR)
P/E Trailing = 27.7778
P/E Forward = 22.2222
P/S = 3.4803
P/B = 3.8765
P/EG = 1.8991
Beta = 0.699
Revenue TTM = 40.78b EUR
EBIT TTM = 7.92b EUR
EBITDA TTM = 11.41b EUR
Long Term Debt = 8.61b EUR (from longTermDebt, last quarter)
Short Term Debt = 3.02b EUR (from shortTermDebt, last quarter)
Debt = 12.70b EUR (from shortLongTermDebtTotal, last quarter)
Net Debt = 11.05b EUR (from netDebt column, last quarter)
Enterprise Value = 106.42b EUR (95.37b + Debt 12.70b - CCE 1.64b)
Interest Coverage Ratio = 12.82 (Ebit TTM 7.92b / Interest Expense TTM 617.9m)
FCF Yield = 3.47% (FCF TTM 3.69b / Enterprise Value 106.42b)
FCF Margin = 9.06% (FCF TTM 3.69b / Revenue TTM 40.78b)
Net Margin = 12.52% (Net Income TTM 5.11b / Revenue TTM 40.78b)
Gross Margin = 63.13% ((Revenue TTM 40.78b - Cost of Revenue TTM 15.04b) / Revenue TTM)
Gross Margin QoQ = 63.36% (prev 63.21%)
Tobins Q-Ratio = 2.16 (Enterprise Value 106.42b / Total Assets 49.34b)
Interest Expense / Debt = 1.50% (Interest Expense 191.0m / Debt 12.70b)
Taxrate = 25.23% (629.7m / 2.50b)
NOPAT = 5.92b (EBIT 7.92b * (1 - 25.23%))
Current Ratio = 0.84 (Total Current Assets 8.04b / Total Current Liabilities 9.54b)
Debt / Equity = 0.52 (Debt 12.70b / totalStockholderEquity, last quarter 24.51b)
Debt / EBITDA = 0.97 (Net Debt 11.05b / EBITDA 11.41b)
Debt / FCF = 2.99 (Net Debt 11.05b / FCF TTM 3.69b)
Total Stockholder Equity = 25.10b (last 4 quarters mean from totalStockholderEquity)
RoA = 10.35% (Net Income 5.11b / Total Assets 49.34b)
RoE = 20.35% (Net Income TTM 5.11b / Total Stockholder Equity 25.10b)
RoCE = 23.51% (EBIT 7.92b / Capital Employed (Equity 25.10b + L.T.Debt 8.61b))
RoIC = 16.10% (NOPAT 5.92b / Invested Capital 36.80b)
WACC = 5.35% (E(95.37b)/V(108.06b) * Re(5.91%) + D(12.70b)/V(108.06b) * Rd(1.50%) * (1-Tc(0.25)))
Discount Rate = 5.91% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 8.05%
Shares Correlation 3-Years: 33.33 | Cagr: 5.21%
[DCF Debug] Terminal Value 81.43% ; FCFE base≈3.33b ; Y1≈4.11b ; Y5≈7.02b
Fair Price DCF = 206.5 (DCF Value 119.35b / Shares Outstanding 578.0m; 5y FCF grow 25.0% → 3.0% )
EPS Correlation: -21.20 | EPS CAGR: -47.31% | SUE: 0.0 | # QB: 0
Revenue Correlation: 44.26 | Revenue CAGR: 12.48% | SUE: 0.67 | # QB: 0
EPS next Year (2026-12-31): EPS=7.35 | Chg30d=-0.044 | Revisions Net=+2 | Growth EPS=+12.5% | Growth Revenue=+4.1%