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Basic Materials - Chemicals - Specialty - NYSE - US
$ 317.1
0.386 %
$ 70.5 B
Market Cap
18.38
P/E
1. INTRINSIC VALUE

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.[ Read More ]

The intrinsic value of one APD stock under the base case scenario is HIDDEN Compared to the current market price of 317 USD, Air Products and Chemicals, Inc. is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart APD

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FINANCIALS
20.3 B REVENUE
61.33%
4.47 B OPERATING INCOME
79.03%
3.86 B NET INCOME
68.46%
3.65 B OPERATING CASH FLOW
13.74%
-4.92 B INVESTING CASH FLOW
16.85%
2.62 B FINANCING CASH FLOW
62.49%
5.31 B REVENUE
77.79%
2.42 B OPERATING INCOME
238.13%
697 M NET INCOME
21.70%
1.26 B OPERATING CASH FLOW
57.34%
-1.55 B INVESTING CASH FLOW
-6.58%
135 M FINANCING CASH FLOW
-89.11%
Balance Sheet Decomposition Air Products and Chemicals, Inc.
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Current Assets 5.2 B
Cash & Short-Term Investments 1.95 B
Receivables 2.33 B
Other Current Assets 926 M
Non-Current Assets 26.8 B
Long-Term Investments 6.32 B
PP&E 18.4 B
Other Non-Current Assets 2.04 B
Current Liabilities 3.9 B
Accounts Payable 1.21 B
Short-Term Debt 969 M
Other Current Liabilities 1.71 B
Non-Current Liabilities 12.4 B
Long-Term Debt 10.1 B
Other Non-Current Liabilities 2.38 B
EFFICIENCY
Earnings Waterfall Air Products and Chemicals, Inc.
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Revenue 20.3 B
Cost Of Revenue 0
Gross Profit 20.3 B
Operating Expenses 1.04 B
Operating Income 4.47 B
Other Expenses 604 M
Net Income 3.86 B
RATIOS
100.00% GROSS MARGIN
100.00%
21.97% OPERATING MARGIN
21.97%
18.83% NET MARGIN
18.83%
0.00% ROE
0.00%
0.00% ROA
0.00%
0.00% ROIC
0.00%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Air Products and Chemicals, Inc.
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Net Income 3.86 B
Depreciation & Amortization 1.45 B
Capital Expenditures 0
Stock-Based Compensation 61.8 M
Change in Working Capital 0
Others -1.66 B
Free Cash Flow 3.65 B
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets Air Products and Chemicals, Inc.
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Wall Street analysts predict an average 1-year price target for APD of $330 , with forecasts ranging from a low of $261 to a high of $365 .
APD Lowest Price Target Wall Street Target
261 USD -17.69%
APD Average Price Target Wall Street Target
330 USD 4.07%
APD Highest Price Target Wall Street Target
365 USD 15.11%
4. DIVIDEND ANALYSIS
0.00% DIVIDEND YIELD
1.77 USD DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership Air Products and Chemicals, Inc.
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Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
28.3 K USD 1
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
2.91 M USD 1
9-12 MONTHS
Date Value Insider Amount Avg Price
11 months ago
Dec 05, 2023
Sell 28.3 K USD
Kutz Jeffrey
VP, Controller & PAO
- 107
264.74 USD
1 year ago
Nov 13, 2023
Bought 2.91 M USD
Ghasemi Seifi
Chairman, Pres. and CEO
+ 11000
264.42 USD
1 year ago
Nov 08, 2023
Bought 2.52 M USD
Ghasemi Seifi
Chairman, Pres. and CEO
+ 10000
252.34 USD
1 year ago
Dec 20, 2022
Sell 152 K USD
Major Sean D
Executive VP & General Counsel
- 485
312.996 USD
2 years ago
Dec 03, 2021
Sell 1.73 M USD
Major Sean D
Executive VP & General Counsel
- 6000
288.96 USD
2 years ago
Nov 22, 2021
Bought 500 K USD
Smith Wayne Thomas
Director
+ 1679
297.76 USD
3 years ago
Nov 10, 2021
Sell 99.9 K USD
Schaeffer Melissa N.
Senior Vice President and CFO
- 318
314.003 USD
3 years ago
Nov 09, 2021
Bought 25.2 K USD
MONSER EDWARD L
Director
+ 80
314.4906 USD
3 years ago
Nov 05, 2021
Bought 500 K USD
Smith Wayne Thomas
Director
+ 1637
305.609 USD
4 years ago
Jan 29, 2020
Bought 47.5 K USD
MONSER EDWARD L
Director
+ 200
237.595 USD
5 years ago
Jul 26, 2019
Bought 4.54 M USD
Ghasemi Seifi
Chairman, Pres. and CEO
+ 20000
227.16 USD
5 years ago
May 21, 2019
Sell 615 K USD
Flugel Russell A
VP, Controller and PAO
- 2970
207.0133 USD
6 years ago
Nov 13, 2018
Bought 16 K USD
Cogut Charles I
Director
+ 100
159.7237 USD
6 years ago
Nov 13, 2018
Bought 16 K USD
Cogut Charles I
Director
+ 100
159.785 USD
6 years ago
Nov 12, 2018
Bought 3.2 M USD
Ghasemi Seifi
Chairman, Pres. and CEO
+ 20000
160.11 USD
7. News
Air Products and Chemicals: Mixed Results Offset By Lower Capital Spending (Rating Downgrade) Shares of Air Products and Chemicals have shown mixed performance, with recent improvements driven by better results and activist pressure, but now appear fairly valued. APD's Q4 results showed a 13% EPS increase despite flat revenue, driven by margin expansion and operational efficiencies, with regional performance varying meaningfully. Management's guidance for fiscal 2025 is cautious, with a focus on reducing capital expenditures and addressing investor concerns, including succession planning and hydrogen project risks. seekingalpha.com - 1 week ago
Air Products and Chemicals, Inc. (APD) Q4 2024 Earnings Call Transcript Air Products and Chemicals, Inc. (NYSE:APD ) Q4 2024 Earnings Conference Call November 7, 2024 8:30 AM ET Company Participants Eric Guter - IR Seifi Ghasemi - Chairman, President and CEO Melissa Schaeffer - CFO Sean Major - EVP, General Counsel and Secretary Conference Call Participants John McNulty - BMO Capital Markets Jeff Zekauskas - JPMorgan Patrick Cunningham - Citi Steve Byrne - Bank of America David Begleiter - Deutsche Bank John Roberts - Mizuho Chris Parkinson - Wolfe Research Mike Sison - Wells Fargo Josh Spector - UBS Kevin McCarthy - Vertical Research Partners Mike Leithead - Barclays Duffy Fischer - Goldman Sachs Laurence Alexander - Jefferies Sebastian Bray - Berenberg Operator Good morning, and welcome to Air Products' Fourth Quarter Earnings Release Conference Call. Today's call is being recorded at the request of Air Products. seekingalpha.com - 1 week ago
Compared to Estimates, Air Products and Chemicals (APD) Q4 Earnings: A Look at Key Metrics The headline numbers for Air Products and Chemicals (APD) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals. zacks.com - 1 week ago
Air Products' Q4 Earnings Top Estimates, Revenues Miss The flat Q4 sales of APD are attributed to 1% increased volumes and pricing offset by 2% lower energy cost pass-through. zacks.com - 1 week ago
Air Products and Chemicals (APD) Surpasses Q4 Earnings Estimates Air Products and Chemicals (APD) came out with quarterly earnings of $3.56 per share, beating the Zacks Consensus Estimate of $3.44 per share. This compares to earnings of $3.15 per share a year ago. zacks.com - 1 week ago
Air Products Reports Fiscal 2024 Fourth Quarter GAAP EPS of $8.81 and Adjusted EPS of $3.56 Fiscal Year 2024 (comparisons versus prior year): GAAP EPS# of $17.24, up 67 percent; GAAP net income of $3.9 billion, up 65 percent; and GAAP net income margin of 31.9 percent, up 1,330 basis points Adjusted EPS* of $12.43, up eight percent; adjusted EBITDA* of $5.0 billion, up seven percent; and adjusted EBITDA margin* of 41.7 percent, up 440 basis points Q4 FY24 (comparisons versus prior year): GAAP EPS# of $8.81, up 186 percent; GAAP net income of $2.0 billion, up 181 percent; and GAAP net income margin of 61.2 percent, up 3,940 basis points Adjusted EPS* of $3.56, up 13 percent; adjusted EBITDA* of $1.4 billion, up 12 percent; and adjusted EBITDA margin* of 44.1 percent, up 460 basis points Fiscal 2024 and Recent Highlights Creating shareholder value Delivered fiscal fourth quarter adjusted EBITDA margin* of 44.1 percent and fiscal year 2024 adjusted EBITDA margin* of 41.7 percent Increased dividend to $1.77 per share, with approximately $1.6 billion of dividend payments to shareholders in 2024 Core industrial gas business Completed divestiture of non-core liquefied natural gas ("LNG") process technology and equipment business to Honeywell for $1.81 billion in an all-cash transaction Announced plans to construct two new air separation units at the Company's Conyers, Georgia, and Reidsville, North Carolina locations to serve local merchant markets Announced $70 million investment to expand gas separation and purification membranes at the Company's Missouri manufacturing and logistics center, driven by growing product demand in biogas and hydrogen recovery applications, as well as customer needs for the use of nitrogen for the aerospace industry and cleaner fuels for the marine industry Clean hydrogen / energy transition Signed a 15-year agreement to supply 70,000 tons of green hydrogen annually starting in 2030, helping to decarbonize TotalEnergies' Northern European refineries and avoid approximately 700,000 tons of CO₂ each year Announced plans to build networks of permanent, commercial-scale, multi-modal hydrogen refueling stations in California, Canada and Europe Announced trial of a Daimler Mercedes-Benz GenH2 truck, aligned with Air Products' goal to convert its distribution fleet to hydrogen powered vehicles Sustainability      Awarded 'A' rating on MSCI's environmental, social and governance ratings Listed among Barron's 100 Most Sustainable Companies for the sixth consecutive year Set additional sustainability goals, including committing to quadruple renewable energy used to make the Company's products by 2030 compared to a 2023 baseline; signed 10-year Power Purchase Agreements for renewable energy with Tatung Forever Energy (Taiwan) and Eneco (The Netherlands) Guidance Fiscal 2025 full-year adjusted EPS guidance* of $12.70 to $13.00; fiscal 2025 first quarter adjusted EPS guidance* of $2.75 to $2.85 Expect fiscal year 2025 capital expenditures* in the range of $4.5 billion to $5.0 billion Air Products completed the divestiture of its LNG business on September 30, 2024; therefore, this business will not contribute to fiscal 2025 results and, accordingly, is not reflected in fiscal 2025 guidance. Refer to page 9 below for additional information. prnewswire.com - 1 week ago
Wall Street's Insights Into Key Metrics Ahead of Air Products and Chemicals (APD) Q4 Earnings Get a deeper insight into the potential performance of Air Products and Chemicals (APD) for the quarter ended September 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics. zacks.com - 1 week ago
Air Products: A Low-Risk Bet On Clean Hydrogen Future Air Products is a low-risk, cash-generating business that will benefit from soaring demand for clean hydrogen. Hydrogen is increasingly being adopted in industrial processes, the energy industry and transportation due to the decarbonisation drive. Air Products has a stable, long-term contracted core business but has been increasingly assuming development risk with its hydrogen projects. seekingalpha.com - 2 weeks ago
Air Products and Chemicals (APD) Earnings Expected to Grow: Should You Buy? Air Products and Chemicals (APD) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations. zacks.com - 2 weeks ago
D.E. Shaw throws support to Mantle Ridge in Air Products board fight Hedge fund D.E. Shaw shifted course in its campaign for change at industrial gases company Air Products and Chemicals and is now supporting a rival activist's efforts instead of pressing ahead with its own board challenge, sources familiar with the matter said on Thursday. reuters.com - 3 weeks ago
ESG-Driven Green Hydrogen Risk At The Center Of Air Products Dispute A growing controversy over the ESG-driven capital allocation strategies of industrial gas provider Air Products illustrates the sorts of challenges so many American companies face related to the energy transition. Management at Air Products has come under fire from major investors in recent weeks due largely to the heavy, high-risk investments it has made in green hydrogen, which is classified as hydrogen manufactured in an electrolysis process using zero-carbon power generation sources only. forbes.com - 3 weeks ago
D.E. Shaw, Mantle Ridge zero in on key fixes to build shareholder value at Air Products Both activists want to address CEO succession planning and capital allocation at the company. cnbc.com - 4 weeks ago
8. Profile Summary

Air Products and Chemicals, Inc. APD

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COUNTRY US
INDUSTRY Chemicals - Specialty
MARKET CAP $ 70.5 B
Dividend Yield 0.00%
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.
Contact 1940 Air Products Boulevard, Allentown, PA, 18106-5500 https://www.airproducts.com
IPO Date March 17, 1980
Employees 23000
Officers Mr. Seifollah Ghasemi Chairman, President & Chief Executive Officer Mr. Wilbur W. Mok President of Equipment Businesses Mr. Ivo Bols President of Europe & Africa Mr. Wolfgang Brand President of Project Delivery & Technical Ms. Melissa N. Schaeffer Executive Vice President & Chief Financial Officer Ms. Victoria Brifo Executive Vice President of Corporate Communications & Corporate Relations and Chief Human Resources Officer Mr. Walter L. Nelson Senior Vice President of Global Helium & Rare Gases Mr. Francesco Maione President of Americas Mr. Brian Galovich Executive Vice President & Chief Information Officer Mr. William J. Pellicciotti Jr. Vice President, Controller & Chief Accounting Officer