AI Stock Analysis: Air Liquide | PA
Specialty Chemicals | PA, France | Market Cap: 107.352m EUR | 12M Return: 11.7% | FR0000120073 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 122M
EPS Trend: -61.8%
Qual. Beats: 0
Rev. Trend: -53.5%
Qual. Beats: 1
Warnings
No concerns identified
Tailwinds
Seasonality 11.7 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.
LAir Liquide S.A. is a French-headquartered global supplier of industrial and medical gases, operating across Europe, the Americas, Asia Pacific, the Middle East, and Africa. The company is organized into two main segments: Gas & Services, which serves large industries, industrial merchants, healthcare, and electronics customers, and Engineering & Construction, which designs and builds industrial gas production plants for third parties, including in renewable and alternative energy markets. Founded in 1902 and based in Paris, Air Liquide is classified within the Materials sector under Specialty Chemicals.
The industrial gases industry is characterized by high capital intensity and long-term supply contracts, with the global market dominated by a small number of major players. Air Liquides business model spans on-site gas supply for large industrial customers, merchant distribution of packaged gases, healthcare and home-care services, and ultra-pure gases for semiconductor and photovoltaic manufacturing.
- Semiconductor specialty gas demand surges with AI chip fab buildouts
- Hydrogen project capex accelerates amid European energy transition mandates
- Industrial merchant volumes weaken on softening European manufacturing activity
| 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 October 07, 2026, the stock is trading at EUR 169.10 with a total of 1,061,404 shares traded. Over the past week, the price has changed by +0.13%, over one month by -0.97%, over three months by -4.79% and over the past year by +11.72%.
Current recommended Stop Loss: 162.00 (which is 4.2% or 2.3 ATR below the current price).
Air Liquide has no consensus analysts rating.
P/E Trailing = 30.2554
P/E Forward = 23.0947
P/S = 3.9693
P/B = 4.0475
P/EG = 2.0973
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 (107b + Debt 18.5b - CCE 2.06b)
Interest Coverage Ratio = 13.24 (Ebit TTM 5.74b / Interest Expense TTM 433.4m)
EV/FCF = 81.31x (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 = 2.20 (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 = 5.39% (E(107b)/V(126b) * Re(6.02%) + D(18.5b)/V(126b) * Rd(2.34%) * (1-Tc(0.26)))
Discount Rate = 6.02% (= 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 = 9.22 (EV 22.3b - Net Debt 16.5b = Equity 5.89b / Shares 638.2m; 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=6.41 | Chg30d=-0.73% | Revisions=-25% | GrowthEPS=+10.6% | GrowthRev=+4.4%
EPS next Year (2027-12-31): EPS=7.17 | Chg30d=-0.03% | Revisions=+0% | GrowthEPS=+11.8% | GrowthRev=+4.9%
[Analyst] Revisions Ratio: -17% (up=1, down=2)