AI Stock Analysis: Air Liquide | PA
Specialty Chemicals | PA, France | Market Cap: 114.647m EUR | 12M Return: 11.5% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 170M
EPS Trend: -61.8%
Qual. Beats: 0
Rev. Trend: -73.2%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
No distinct edge detected
Seasonality 10.5 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: 3.52b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.05 > 0.02 and ΔFCF/TA -0.56 > 1.0 |
| NWC/Revenue: 4.57% < 20% (prev -4.20%; Δ 8.77% < -1%) |
| CFO/TA 0.12 > 3% & CFO 6.35b > Net Income 3.52b |
| Net Debt (10.9b) to EBITDA (8.07b): 1.35 < 3 |
| Current Ratio: 1.14 > 1.5 & < 3 |
| Outstanding Shares: last quarter (577.0m) vs 12m ago 10.48% < -2% |
| Gross Margin: 50.20% > 18% (prev 63.01%; Δ -12.81% > 0.5%) |
| Asset Turnover: 51.92% > 50% (prev 52.17%; Δ -0.25% > 0%) |
| Interest Coverage Ratio: 13.63 > 6 (EBIT TTM 5.50b / Interest Expense TTM 404.0m) |
| A: 0.02 (Total Current Assets 9.99b - Total Current Liabilities 8.76b) / Total Assets 51.9b |
| B: 0.40 (Retained Earnings 21.0b / Total Assets 51.9b) |
| C: 0.11 (EBIT TTM 5.50b / Avg Total Assets 51.9b) |
| D: 1.05 (Book Value of Equity 26.2b / Total Liabilities 25.0b) |
| Altman-Z'' = 3.29 = A |
| DSRI: 0.97 (Receivables 2.90b/3.00b, Revenue 26.9b/27.1b) |
| GMI: 1.26 (GM 63.01% / 50.20%) |
| AQI: 0.95 (AQ_t 0.33 / AQ_t-1 0.35) |
| SGI: 1.00 (Revenue 26.9b / 27.1b) |
| TATA: -0.05 (NI 3.52b - CFO 6.35b) / TA 51.9b) |
| Beneish M = -2.86 (Cap -4..+1) = A |
As of July 09, 2026, the stock is trading at EUR 173.68 with a total of 1,276,414 shares traded. Over the past week, the price has changed by -1.49%, over one month by +5.02%, over three months by +6.38% and over the past year by +11.51%.
Current recommended Stop Loss: 167.80 (which is 3.4% or 1.7 ATR below the current price).
Air Liquide has no consensus analysts rating.
P/E Trailing = 32.5451
P/E Forward = 24.6914
P/S = 4.2556
P/B = 4.3667
P/EG = 2.2068
Revenue TTM = 26.9b EUR
EBIT TTM = 5.50b EUR
EBITDA TTM = 8.07b EUR
Long Term Debt = 10.0b EUR (from longTermDebt, last quarter)
Short Term Debt = 2.57b EUR (from shortTermDebt, last quarter)
Debt = 14.9b EUR (from shortLongTermDebtTotal, last quarter) + Leases 1.26b
Net Debt = 10.9b EUR (calculated: Debt 14.9b - CCE 3.96b)
Enterprise Value = 126b EUR (115b + Debt 14.9b - CCE 3.96b)
Interest Coverage Ratio = 13.63 (Ebit TTM 5.50b / Interest Expense TTM 404.0m)
EV/FCF = 49.99x (Enterprise Value 126b / FCF TTM 2.51b)
FCF Yield = 2.00% (FCF TTM 2.51b / Enterprise Value 126b)
FCF Margin = 9.32% (FCF TTM 2.51b / Revenue TTM 26.9b)
Net Margin = 13.06% (Net Income TTM 3.52b / Revenue TTM 26.9b)
Gross Margin = 50.20% ((Revenue TTM 26.9b - Cost of Revenue TTM 13.4b) / Revenue TTM)
Gross Margin QoQ = 36.55% (prev 63.36%)
Tobins Q-Ratio = 2.42 (Enterprise Value 126b / Total Assets 51.9b)
Interest Expense / Debt = 2.72% (Interest Expense 404.0m / Debt 14.9b)
Taxrate = 25.24% (1.23b / 4.87b)
NOPAT = 4.12b (EBIT 5.50b * (1 - 25.24%))
Current Ratio = 1.14 (Total Current Assets 9.99b / Total Current Liabilities 8.76b)
Debt / Equity = 0.57 (Debt 14.9b / totalStockholderEquity, last quarter 26.2b)
Debt / EBITDA = 1.35 (Net Debt 10.9b / EBITDA 8.07b)
Debt / FCF = 4.34 (Net Debt 10.9b / FCF TTM 2.51b)
Total Stockholder Equity = 25.6b (last 4 quarters mean from totalStockholderEquity)
RoA = 6.78% (Net Income 3.52b / Total Assets 51.9b)
RoE = 13.76% (Net Income TTM 3.52b / Total Stockholder Equity 25.6b)
RoCE = 15.46% (EBIT 5.50b / Capital Employed (Equity 25.6b + L.T.Debt 10.0b))
RoIC = 9.27% (NOPAT 4.12b / Invested Capital 44.4b)
WACC = 5.62% (E(115b)/V(130b) * Re(6.08%) + D(14.9b)/V(130b) * Rd(2.72%) * (1-Tc(0.25)))
Discount Rate = 6.08% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 56.83 | Cagr: 4.58%
[DCF] Terminal Value 73.93% ; FCFF base≈2.63b ; Y1≈2.41b ; Y5≈2.13b
[DCF] Fair Price = 36.12 (EV 33.9b - Net Debt 10.9b = Equity 23.0b / Shares 635.9m; r=8.35% [WACC [floored]]; 5y FCF grow -10.21% → 2.50% )
EPS Correlation: -61.79 | EPS CAGR: -9.74% | SUE: 0.0 | # QB: 0
Revenue Correlation: -73.20 | Revenue CAGR: -2.87% | SUE: -0.01 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.00 | Chg30d=N/A | Revisions=N/A | Analysts=0
EPS next Quarter (2026-09-30): EPS=0.00 | Chg30d=N/A | Revisions=N/A | Analysts=0
EPS current Year (2026-12-31): EPS=6.43 | Chg30d=+0.44% | Revisions=-50% | GrowthEPS=+10.9% | GrowthRev=+4.4%
EPS next Year (2027-12-31): EPS=7.12 | Chg30d=+0.82% | Revisions=-30% | GrowthEPS=+10.8% | GrowthRev=+4.7%
[Analyst] Revisions Ratio: -47% (up=3, down=11)