2.38%
15.54%
7.91%
27.00%
31.05%
18.78%
40.38%
AI Spotlight on APD
Company Description
Air Products and Chemicals, Inc.provides atmospheric gases, process and specialty gases, equipment, and services worldwide.The company produces atmospheric gases, including oxygen, nitrogen, and argon; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, syngas; specialty gases; and equipment for the production or processing of gases comprising air separation units and non-cryogenic generators for customers in various industries, including refining, chemical, gasification, metals, manufacturing, food and beverage, electronics, magnetic resonance imaging, energy production and refining, and metals.
It also designs and manufactures equipment for air separation, hydrocarbon recovery and purification, natural gas liquefaction, and liquid helium and liquid hydrogen transport and storage.Air Products and Chemicals, Inc.has a strategic collaboration with Baker Hughes Company to develop hydrogen compression systems.
The company was founded in 1940 and is headquartered in Allentown, Pennsylvania.
Market Data
| Last Price | 335.1 |
| Change Percentage | 2.38% |
| Open | 326.67 |
| Previous Close | 327.31 |
| Market Cap ( Millions) | 74521 |
| Volume | 1381433 |
| Year High | 337 |
| Year Low | 212.24 |
| M A 50 | 312.01 |
| M A 200 | 284.82 |
Financial Ratios
| FCF Yield | -4.23% |
| Dividend Yield | 2.11% |
| ROE | 24.73% |
| Debt / Equity | 86.88% |
| Net Debt / EBIDTA | 196.18% |
| Price To Book | 4.38 |
| Price Earnings Ratio | 19.49 |
| Price To FCF | -23.66 |
| Price To sales | 6.16 |
| EV / EBITDA | 14.33 |
News
- Jan -23 - Air Products Reports Preliminary Voting Results from 2025 Annual Meeting of Shareholders
- Jan -23 - Mantle Ridge secures enough votes for board seats at Air Products, sources say
- Jan -22 - Air Products Increases Quarterly Dividend to $1.79 Per Share
- Jan -21 - LAST CHANCE TO VOTE: MANTLE RIDGE ASKS AIR PRODUCTS AND CHEMICALS, INC. SHAREHOLDERS TO CAST THEIR VOTE FOR CHANGE AND A BETTER FUTURE
- Jan -17 - Air Products Urges Shareholders to Protect the Company's Stability and Path to Value Creation by Voting "FOR" ONLY Air Products' Nominees on the WHITE Proxy Card
- Jan -16 - MAKE YOUR VOICE HEARD: MANTLE RIDGE SENDS OPEN LETTER ASKING AIR PRODUCTS AND CHEMICALS, INC. SHAREHOLDERS TO VOTE AT ANNUAL MEETING
- Jan -16 - Air Products Issues Preliminary Earnings for First-Quarter Fiscal 2025
- Jan -14 - Air Products Announces Preliminary Q1FY25 GAAP EPS of $2.77 and Adjusted EPS of $2.86, Exceeding Company's Previous Adjusted EPS Guidance for the Quarter
- Jan -14 - LEADING PROXY ADVISORY FIRM EGAN-JONES RECOMMENDS AIR PRODUCTS AND CHEMICALS, INC. SHAREHOLDERS VOTE "FOR" ALL FOUR MANTLE RIDGE DIRECTOR NOMINEES ANDREW EVANS, PAUL HILAL, TRACY MCKIBBEN, AND DENNIS REILLEY
- Jan -13 - Air Products Sends Letter to Shareholders Highlighting Reasons to Support Its Board Nominees
- Jan -13 - LEADING PROXY ADVISORY FIRM ISS RECOMMENDS AIR PRODUCTS AND CHEMICALS, INC. SHAREHOLDERS VOTE "FOR" MANTLE RIDGE DIRECTOR NOMINEES ANDREW EVANS, PAUL HILAL, AND DENNIS REILLEY
- Jan -10 - Mantle Ridge Sends Open Letter to Air Products and Chemicals, Inc. Shareholders and Employees
- Jan -10 - LEADING PROXY ADVISORY FIRM GLASS LEWIS RECOMMENDS AIR PRODUCTS AND CHEMICALS, INC. SHAREHOLDERS VOTE "FOR" ALL FOUR MANTLE RIDGE DIRECTOR NOMINEES ANDREW EVANS, PAUL HILAL, TRACY MCKIBBEN, AND DENNIS REILLEY
- Jan -09 - Air Products Sends Letter to Shareholders Correcting Mantle Ridge's Falsehoods and Misleading Claims
- Jan -09 - It's Time for a Fresh Start at Air Products: Mantle Ridge Sends Letter to Air Products and Chemicals, Inc. Shareholders
- Jan -08 - Air Products' Board of Directors Issues Response to Mantle Ridge
- Jan -08 - Mantle Ridge Issues Shareholder Letter Outlining the Path Forward for Air Products and Chemicals, Inc.
- Jan -07 - Buy 1 January S&P 500 Dividend Aristocrat Out Of 38 'Safer'
- Jan -07 - Air Products Board of Directors Reiterates Deliberate Succession Planning Process, Superior Quality of its Board Candidates, and Strong Financial Performance
- Jan -07 - Mantle Ridge Releases Video Series Introducing Shareholder Nominees and Outlining Solutions for Challenges and Underperformance at Air Products and Chemicals, Inc.
Business Breakdown
Expected Mid-Term Growth
Segment n°1 -> Industrial Gases - Americas
Expected Growth : 8.5 %
What the company do ?
Industrial Gases - Americas from Air Products and Chemicals, Inc. provides atmospheric gases, process gases, and specialty gases to various industries in North and South America.
Why we expect these perspectives ?
Strong demand from manufacturing and energy sectors, driven by shale gas exploration and production, as well as increasing adoption of industrial gases in the food and beverage industry, contribute to the 8.5% growth in Industrial Gases - Americas segment of Air Products and Chemicals, Inc.
Segment n°2 -> Industrial Gases - Asia
Expected Growth : 9.5 %
What the company do ?
Industrial Gases - Asia from Air Products and Chemicals, Inc. provides atmospheric gases, process gases, and specialty gases to various industries in Asia.
Why we expect these perspectives ?
Strong demand from electronics and semiconductor industries, driven by 5G and IoT adoption, coupled with increasing use of industrial gases in healthcare and food processing, contributes to the 9.5% growth in Industrial Gases - Asia segment of Air Products and Chemicals, Inc.
Segment n°3 -> Industrial Gases - Europe
Expected Growth : 8.0 %
What the company do ?
Industrial Gases - Europe from Air Products and Chemicals, Inc. provides atmospheric gases, process gases, and specialty gases to various industries in Europe.
Why we expect these perspectives ?
Strong demand from industrial manufacturing, particularly in the automotive and aerospace sectors, drives growth in Europe. Additionally, increasing adoption of clean energy technologies, such as hydrogen fuel cells, and rising environmental concerns support growth in the industrial gases segment.
Segment n°4 -> Corporate and Other
Expected Growth : 7.0 %
What the company do ?
Corporate and Other from Air Products and Chemicals, Inc. includes unallocated corporate expenses, investments, and other non-operating income.
Why we expect these perspectives ?
Air Products and Chemicals, Inc.'s Corporate and Other segment growth of 7.0% is driven by strategic cost savings initiatives, operational efficiencies, and investments in digital transformation. Additionally, the company's focus on sustainability and energy transition initiatives contributes to growth, as well as the recovery of certain non-operating income.
Segment n°5 -> Industrial Gases - Middle East and India
Expected Growth : 9.2 %
What the company do ?
Industrial Gases - Middle East and India from Air Products and Chemicals, Inc. provides industrial gases and related equipment to various industries in the region.
Why we expect these perspectives ?
Strong demand from industrial customers, particularly in the manufacturing and energy sectors, driven by infrastructure development and economic growth in the Middle East and India. Additionally, increasing adoption of clean energy technologies, such as hydrogen fuel cells, and growing need for industrial gases in the oil and gas industry are contributing to the 9.2% growth.
Air Products And Chemicals, Inc. Products
| Product Range | What is it ? |
|---|---|
| Industrial Gases | Air Products and Chemicals, Inc. provides a range of industrial gases including oxygen, nitrogen, argon, and others used in various industries such as manufacturing, healthcare, and food processing. |
| Process Gases | The company offers process gases such as hydrogen, carbon monoxide, and ammonia used in the production of chemicals, fuels, and power. |
| Electronics Gases | Air Products and Chemicals, Inc. provides specialty gases and chemicals used in the production of semiconductors, flat panel displays, and solar panels. |
| Performance Materials | The company offers a range of performance materials including epoxy curing agents, polyurethane additives, and specialty additives used in various industries. |
| Equipment and Services | Air Products and Chemicals, Inc. provides equipment and services for the production, transportation, and storage of gases and chemicals. |
| LNG (Liquefied Natural Gas) Technology | The company offers LNG technology and equipment for the production, storage, and transportation of LNG. |
Air Products and Chemicals, Inc.'s Porter Forces
Threat Of Substitutes
Air Products and Chemicals, Inc. operates in a industry with moderate threat of substitutes. The company's products are diversified and have few substitutes, but some of its products face competition from alternative technologies.
Bargaining Power Of Customers
Air Products and Chemicals, Inc. has a diverse customer base, which reduces the bargaining power of individual customers. Additionally, the company's products are often critical to its customers' operations, making it difficult for customers to negotiate prices.
Bargaining Power Of Suppliers
Air Products and Chemicals, Inc. has a moderate level of bargaining power over its suppliers. The company is a large buyer of raw materials and has some negotiating power, but it is also dependent on a few key suppliers for certain critical materials.
Threat Of New Entrants
The chemical industry has high barriers to entry, including significant capital requirements and regulatory hurdles. This makes it difficult for new entrants to enter the market and compete with established players like Air Products and Chemicals, Inc.
Intensity Of Rivalry
The chemical industry is highly competitive, with many established players competing for market share. Air Products and Chemicals, Inc. faces intense competition from rivals such as Praxair, Linde, and Air Liquide.
Capital Structure
| Value | |
|---|---|
| Debt Weight | 43.31% |
| Debt Cost | 3.95% |
| Equity Weight | 56.69% |
| Equity Cost | 7.99% |
| WACC | 6.24% |
| Leverage | 76.41% |
Air Products and Chemicals, Inc. : Quality Control
Air Products and Chemicals, Inc. passed 3 out of 9 key points:
Historical Valuation
Price/Earnings Ratio
Margin Valuation
Peers Valuation
Competitors
| Company | Rational |
|---|---|
| IFF | International Flavors & Fragrances Inc., together with its subsidiaries, manufactures and sells cosmetic active and natural health ingredients for use in various consumer products in Europe, Africa, the Middle East, … |
| PPG | PPG Industries, Inc. manufactures and distributes paints, coatings, and specialty materials worldwide. The company's Performance Coatings segment offers coatings, solvents, adhesives, sealants, sundries, and software for automotive and commercial transport/fleet … |
| DD | DuPont de Nemours, Inc. provides technology-based materials and solutions in the United States, Canada, the Asia Pacific, Latin America, Europe, the Middle East, and Africa. It operates through three segments: … |
| SHW | The Sherwin-Williams Company develops, manufactures, distributes, and sells paints, coatings, and related products to professional, industrial, commercial, and retail customers. It operates through three segments: The Americas Group, Consumer Brands … |
| ECL | Ecolab Inc. provides water, hygiene, and infection prevention solutions and services in the United States and internationally. The company operates through Global Industrial, Global Institutional & Specialty, and Global Healthcare … |
Peers Metrics
DCF BETA
Expected Cash-Flows
Scoring Insights
Peers Group Analysis
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Air Products
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Sherwin-Williams
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IFF
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4
Ecolab
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5
PPG
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1-Year Total Return ->
6
