AI Stock Analysis: Air Liquide | PA
Specialty Chemicals | PA, France | Market Cap: 107.653m EUR | 12M Return: 2.4% | FR0000120073 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 117M
EPS Trend: -61.8%
Qual. Beats: 0
Rev. Trend: -53.5%
Qual. Beats: 1
Warnings
Tailwinds
Seasonality 11.6 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Air Liquide S.A. is a French industrial gases company founded in 1902 and headquartered in Paris, operating in the industrial and health sectors across Europe, the Americas, Asia Pacific, the Middle East, and Africa. It reports through two main segments: Gas & Services, which serves large industrial customers (metals, chemicals, refining, energy), the industrial merchant market, healthcare providers, and electronics manufacturers (semiconductor, flat panel, photovoltaic); and Engineering & Construction, which designs and builds industrial gas production plants for third parties, including those related to renewable and alternative energy.
The company supplies core gases such as oxygen, nitrogen, argon, hydrogen, and carbon monoxide, along with related equipment and services. The industrial gas industry is highly concentrated globally, typically dominated by a handful of major players alongside Air Liquide, and the business model commonly combines on-site pipeline supply to large users, bulk liquid deliveries, and packaged cylinder distribution to smaller customers.
- Semiconductor cycle drives electronics gases revenue growth
- Industrial gas volumes pressured by weak steel demand
- EU hydrogen mandates boost clean energy capex pipeline
| Net Income: 3.54b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.03 > 0.02 and ΔFCF/TA -2.62 > 1.0 |
| NWC/Revenue: -5.54% < 20% (prev -5.46%; Δ -0.08% < -1%) |
| CFO/TA 0.10 > 3% & CFO 5.36b > Net Income 3.54b |
| Net Debt (16.5b) to EBITDA (8.34b): 1.97 < 3 |
| Current Ratio: 0.87 > 1.5 & < 3 |
| Outstanding Shares: last quarter (636.6m) vs 12m ago 10.10% < -2% |
| Gross Margin: 36.32% > 18% (prev 63.28%; Δ -26.97% > 0.5%) |
| Asset Turnover: 51.22% > 50% (prev 55.54%; Δ -4.32% > 0%) |
| Interest Coverage Ratio: 13.24 > 6 (EBIT TTM 5.74b / Interest Expense TTM 433.4m) |
| A: -0.03 (Total Current Assets 9.96b - Total Current Liabilities 11.5b) / Total Assets 56.3b |
| B: 0.42 (Retained Earnings 23.8b / Total Assets 56.3b) |
| C: 0.11 (EBIT TTM 5.74b / Avg Total Assets 52.8b) |
| D: 0.91 (Book Value of Equity 26.5b / Total Liabilities 29.0b) |
| Altman-Z'' = 2.89 = A |
| DSRI: 1.51 (Receivables 4.65b/3.12b, Revenue 27.0b/27.4b) |
| GMI: 1.74 (GM 63.28% / 36.32%) |
| AQI: 1.04 (AQ_t 0.35 / AQ_t-1 0.34) |
| SGI: 0.99 (Revenue 27.0b / 27.4b) |
| TATA: -0.03 (NI 3.54b - CFO 5.36b) / TA 56.3b) |
| Beneish M = -1.92 (Cap -4..+1) = B |
As of August 23, 2026, the stock is trading at EUR 167.12 with a total of 569,280 shares traded. Over the past week, the price has changed by -0.68%, over one month by -5.33%, over three months by +2.29% and over the past year by +2.44%.
Current recommended Stop Loss: 162.30 (which is 2.9% or 2.1 ATR below the current price).
Air Liquide has no consensus analysts rating.
P/E Trailing = 30.4757
P/E Forward = 24.6914
P/S = 3.9804
P/B = 4.115
P/EG = 2.2425
Revenue TTM = 27.0b EUR
EBIT TTM = 5.74b EUR
EBITDA TTM = 8.34b EUR
Long Term Debt = 10.0b EUR (from longTermDebt, last fiscal year)
Short Term Debt = 5.02b EUR (from shortTermDebt, last quarter)
Debt = 18.5b EUR (from shortLongTermDebtTotal, last quarter) + Leases 1.26b
Net Debt = 16.5b EUR (calculated: Debt 18.5b - CCE 2.06b)
Enterprise Value = 124b EUR (108b + Debt 18.5b - CCE 2.06b)
Interest Coverage Ratio = 13.24 (Ebit TTM 5.74b / Interest Expense TTM 433.4m)
EV/FCF = 81.51x (Enterprise Value 124b / FCF TTM 1.52b)
FCF Yield = 1.23% (FCF TTM 1.52b / Enterprise Value 124b)
FCF Margin = 5.63% (FCF TTM 1.52b / Revenue TTM 27.0b)
Net Margin = 13.09% (Net Income TTM 3.54b / Revenue TTM 27.0b)
Gross Margin = 36.32% ((Revenue TTM 27.0b - Cost of Revenue TTM 17.2b) / Revenue TTM)
Gross Margin QoQ = 36.09% (prev 36.55%)
Tobins Q-Ratio = 2.21 (Enterprise Value 124b / Total Assets 56.3b)
Interest Expense / Debt = 2.34% (Interest Expense 433.4m / Debt 18.5b)
Taxrate = 25.82% (1.28b / 4.94b)
NOPAT = 4.26b (EBIT 5.74b * (1 - 25.82%))
Current Ratio = 0.87 (Total Current Assets 9.96b / Total Current Liabilities 11.5b)
Debt / Equity = 0.70 (Debt 18.5b / totalStockholderEquity, last quarter 26.5b)
Debt / EBITDA = 1.97 (Net Debt 16.5b / EBITDA 8.34b)
Debt / FCF = 10.81 (Net Debt 16.5b / FCF TTM 1.52b)
Total Stockholder Equity = 26.0b (last 4 quarters mean from totalStockholderEquity)
RoA = 6.70% (Net Income 3.54b / Total Assets 56.3b)
RoE = 13.60% (Net Income TTM 3.54b / Total Stockholder Equity 26.0b)
RoCE = 15.91% (EBIT 5.74b / Capital Employed (Equity 26.0b + L.T.Debt 10.0b))
RoIC = 8.78% (NOPAT 4.26b / Invested Capital 48.5b)
WACC = 5.40% (E(108b)/V(126b) * Re(6.03%) + D(18.5b)/V(126b) * Rd(2.34%) * (1-Tc(0.26)))
Discount Rate = 6.03% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 88.78 | Cagr: 9.24%
[DCF] Terminal Value 73.10% ; FCFF base≈1.96b ; Y1≈1.72b ; Y5≈1.39b
[DCF] Fair Price = 9.25 (EV 22.3b - Net Debt 16.5b = Equity 5.89b / Shares 636.5m; r=8.35% [WACC [floored]]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: -61.79 | EPS CAGR: -9.74% | SUE: 0.0 | # QB: 0
Revenue Correlation: -53.51 | Revenue CAGR: -0.56% | SUE: 0.99 | # QB: 1
EPS current Quarter (2026-06-30): EPS=3.22 | Chg30d=N/A | Revisions=+0% | Analysts=1
EPS next Quarter (2026-09-30): EPS=0.00 | Chg30d=N/A | Revisions=N/A | Analysts=0
EPS current Year (2026-12-31): EPS=6.55 | Chg30d=+2.49% | Revisions=+53% | GrowthEPS=+12.9% | GrowthRev=+4.4%
EPS next Year (2027-12-31): EPS=7.22 | Chg30d=+2.24% | Revisions=+40% | GrowthEPS=+10.3% | GrowthRev=+5.0%
[Analyst] Revisions Ratio: +52% (up=19, down=5)