Air Liquide (AIQUY) AI Stock Analysis

• Market Cap: $113.72B
• Dividend Yield: 1.85%
• Average Volume (3M): 16.29K
• Price to Earnings (P/E): 31.4
• Beta (1Y): 0.27
• Revenue Growth: 2.04%
• EPS Growth: 13.28%
• Country: US
• Employees: 64,124
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Chemicals - Specialty
• EPS (TTM): 0.77
• Shares Outstanding: 2,892,667,000
• 10 Day Avg. Volume: 18,549
• 30 Day Avg. Volume: 16,289
• PEG Ratio: 3.73
• Price to Book (P/B): 3.34
• Price to Sales (P/S): 3.32
• P/FCF Ratio: 32.09
• Enterprise Value/Market Cap: 1.17
• Enterprise Value/Revenue: 4.90
• Enterprise Value/Gross Profit: 7.78
• Enterprise Value/Ebitda: 18.19
• 1Y Price Target: $123.60
• Price Target Upside: 206.09% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 75 Outperform
• Price Target: $45.00 ▲(11.44% Upside)

Air Liquide's overall stock score is driven by its strong financial performance and positive earnings call sentiment, which highlight robust operational efficiency and strategic growth initiatives. However, the high valuation and mixed technical indicators slightly temper the overall score.

Air Liquide Business Overview & Revenue Model

Company Description

Air Liquide is a global leader in gases, technologies, and services for industries and health. Established in 1902, the company operates in more than 80 countries and serves a wide array of sectors including healthcare, manufacturing, food, and electronics. Air Liquide's core products include industrial gases such as oxygen, nitrogen, and hydrogen, as well as associated technologies for their production and distribution, contributing to various industrial processes and applications.

How the Company Makes Money

Air Liquide generates revenue primarily through the sale of industrial gases, which account for the bulk of its income. The company operates in several segments: large industries, industrial merchant, healthcare, and electronics. In large industries, Air Liquide provides gases for large-scale production processes, often through long-term contracts, ensuring a steady revenue stream. The industrial merchant segment focuses on the sale of gases in smaller quantities to a diverse customer base, including SMEs. The healthcare segment generates income through the provision of medical gases and services to hospitals and patients. Additionally, the electronics segment supplies specialty gases and materials to semiconductor manufacturers. Key partnerships with various industries, along with investments in innovative technologies such as hydrogen production and carbon capture, further enhance its revenue potential. The company also benefits from economies of scale due to its global presence and extensive distribution network.

Air Liquide Financial Statement Overview

Summary

Air Liquide exhibits solid financial health across all key financial statements. The company showcases strong profitability, efficient use of leverage, and a stable cash flow generation capacity. These factors collectively position Air Liquide as a financially stable entity capable of sustaining growth and weathering economic challenges.

Income Statement

Air Liquide has demonstrated strong profitability with a consistent gross profit margin around 63% and a robust net profit margin of approximately 12.2% in the latest year. Revenue growth has been stable, with minor fluctuations, showing resilience in market conditions. EBIT and EBITDA margins are healthy, indicating effective cost management and operational efficiency.

Balance Sheet

The company maintains a solid financial position with a debt-to-equity ratio of 0.46, reflecting a balanced leverage strategy. Return on equity is strong at 12.3%, indicating effective utilization of shareholder equity. The equity ratio of 51.8% suggests a stable asset base predominantly funded by equity, reducing financial risk.

Cash Flow

The cash flow statement reveals a consistent ability to generate free cash flow, with a slight decrease in the most recent year but still maintaining a positive trajectory. The operating cash flow to net income ratio is strong, highlighting efficient cash generation relative to net income.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	27.06B	27.61B	29.93B	23.33B	20.49B
Gross Profit	17.05B	16.46B	16.12B	13.95B	13.29B
EBITDA	7.29B	6.71B	6.81B	6.11B	5.41B
Net Income	3.31B	3.08B	2.76B	2.57B	2.44B
Balance Sheet
Total Assets	51.87B	48.33B	49.52B	46.78B	41.98B
Cash, Cash Equivalents and Short-Term Investments	1.92B	1.62B	1.91B	2.25B	1.79B
Total Debt	12.45B	12.04B	13.45B	13.88B	13.59B
Total Liabilities	24.25B	23.29B	24.84B	24.69B	22.89B
Stockholders Equity	26.86B	24.32B	23.74B	21.46B	18.54B
Cash Flow
Free Cash Flow	2.80B	2.87B	2.31B	2.45B	2.33B
Operating Cash Flow	6.32B	6.26B	5.59B	5.37B	4.96B
Investing Cash Flow	-3.58B	-3.08B	-3.24B	-3.35B	-1.95B
Financing Cash Flow	-2.81B	-3.48B	-2.78B	-1.82B	-2.43B

Air Liquide Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 40.38
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AIQUY, the sentiment is Negative. The current price of 40.38 is above the 20-day moving average (MA) of 40.04, below the 50-day MA of 40.87, and above the 200-day MA of 39.44, indicating a neutral trend. The MACD of -0.20 indicates Negative momentum. The RSI at 40.56 is Neutral, neither overbought nor oversold. The STOCH value of 40.14 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AIQUY.

Air Liquide Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
LIN	―	$207.60B	31.47	17.51%	1.32%	1.28%	6.91%
AIQUY	―	$113.72B	31.36	13.49%	1.85%	2.04%	13.28%
ECL	―	$76.09B	38.59	21.73%	1.01%	1.38%	-2.54%
APD	―	$55.27B	36.57	10.26%	2.88%	-0.38%	-39.53%
DD	―	$34.40B	―	0.31%	1.96%	4.55%	-130.25%
Sector *	―	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
LYB	―	$15.02B	62.46	1.08%	11.60%	-14.12%	-89.22%

Air Liquide Corporate Events

Air Liquide Reports Strong H1 2025 Financial Performance

Air Liquide, a global leader in gases, technologies, and services for industry and healthcare, has reported its financial performance for the first half of 2025. The company, which operates in 60 countries and serves over 4 million customers, is known for its focus on essential molecules like oxygen, nitrogen, and hydrogen, and is listed on the Euronext Paris stock exchange.

Air Liquide’s Earnings Call: Resilient Growth and Strategic Investments

Air Liquide’s recent earnings call painted a picture of robust performance and strategic growth, despite facing some regional challenges and an increased tax rate. The company’s strong sales growth, significant investments, and solid cash flow position underscore its resilience and potential for future expansion. The ongoing transformation initiatives, particularly in energy transition and electronics, further highlight Air Liquide’s commitment to sustainable growth and innovation.