AIR PRODUCTS AND CHEMICALS, INC. Financials Air Products and Chemicals, Inc. Sao Paulo
Equities
A1PD34
BRA1PDBDR005
Commodity Chemicals
|
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 362.6 BRL | -2.14% |
|
-.--% | +9.09% |
| Jul. 12 | Citigroup Adjusts Price Target on Air Products and Chemicals to $305 From $280 | MT |
| Jul. 11 | Global markets live: Tesla, Citigroup, BP, Novo Nordisk, JPMorgan... |  |
Valuation
| Fiscal Period: September | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 48,888 | 65,796 | 56,694 | 51,619 | 62,957 | 57,764 | - | - |
| Enterprise Value (EV) 1 | 49,799 | 68,450 | 58,530 | 55,962 | 71,314 | 69,442 | 71,937 | 73,714 |
| P/E ratio | 27.9 x | 34.8 x | 28.1 x | 23.1 x | 27.5 x | 21.4 x | 19.2 x | 17.4 x |
| Yield | 2.06% | 1.74% | 2.28% | 2.73% | 2.42% | 2.72% | 2.85% | 2.99% |
| Capitalization / Revenue | 5.48 x | 7.43 x | 5.49 x | 4.06 x | 5 x | 4.69 x | 4.37 x | 4.02 x |
| EV / Revenue | 5.58 x | 7.73 x | 5.67 x | 4.41 x | 5.66 x | 5.64 x | 5.44 x | 5.13 x |
| EV / EBITDA | 14.4 x | 18.9 x | 15.1 x | 13.2 x | 15.2 x | 13.7 x | 12.9 x | 12.2 x |
| EV / FCF | 50.8 x | 90.6 x | 67.2 x | 229 x | -50.2 x | -49.5 x | -81.4 x | -241 x |
| FCF Yield | 1.97% | 1.1% | 1.49% | 0.44% | -1.99% | -2.02% | -1.23% | -0.42% |
| Price to Book | 4.42 x | 5.45 x | 4.19 x | 3.93 x | 4.41 x | 3.74 x | 3.44 x | 3.15 x |
| Nbr of stocks (in thousands) | 220,355 | 220,894 | 221,365 | 221,799 | 222,149 | 222,306 | - | - |
| Reference price 2 | 221.9 | 297.9 | 256.1 | 232.7 | 283.4 | 259.8 | 259.8 | 259.8 |
| Announcement Date | 11/7/19 | 11/11/20 | 11/4/21 | 11/3/22 | 11/7/23 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: September | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 8,919 | 8,856 | 10,323 | 12,699 | 12,600 | 12,304 | 13,232 | 14,360 |
| EBITDA 1 | 3,468 | 3,620 | 3,883 | 4,247 | 4,702 | 5,073 | 5,578 | 6,022 |
| EBIT 1 | 2,170 | 2,204 | 2,268 | 2,412 | 2,739 | 2,986 | 3,379 | 3,787 |
| Operating Margin | 24.33% | 24.88% | 21.97% | 19% | 21.74% | 24.27% | 25.53% | 26.37% |
| Earnings before Tax (EBT) 1 | 2,290 | 2,424 | 2,507 | 2,755 | 2,882 | 3,339 | 3,766 | 4,176 |
| Net income 1 | 1,760 | 1,901 | 2,029 | 2,244 | 2,293 | 2,715 | 3,022 | 3,347 |
| Net margin | 19.73% | 21.46% | 19.65% | 17.67% | 18.2% | 22.06% | 22.83% | 23.31% |
| EPS 2 | 7.940 | 8.550 | 9.120 | 10.08 | 10.30 | 12.14 | 13.53 | 14.96 |
| Free Cash Flow 1 | 980.2 | 755.7 | 871 | 244 | -1,421 | -1,402 | -884.1 | -306.1 |
| FCF margin | 10.99% | 8.53% | 8.44% | 1.92% | -11.28% | -11.39% | -6.68% | -2.13% |
| FCF Conversion (EBITDA) | 28.26% | 20.88% | 22.43% | 5.75% | - | - | - | - |
| FCF Conversion (Net income) | 55.69% | 39.75% | 42.93% | 10.88% | - | - | - | - |
| Dividend per Share 2 | 4.580 | 5.180 | 5.840 | 6.360 | 6.870 | 7.064 | 7.398 | 7.770 |
| Announcement Date | 11/7/19 | 11/11/20 | 11/4/21 | 11/3/22 | 11/7/23 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: September | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 | 2025 Q3 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 2,994 | 2,945 | 3,189 | 3,570 | 3,175 | 3,200 | 3,034 | 3,191 | 2,997 | 2,930 | 3,035 | 3,321 | 3,246 | 3,147 | 3,302 |
| EBITDA 1 | 1,003 | 1,019 | 1,081 | 1,145 | 1,084 | 1,151 | 1,208 | 1,259 | 1,174 | 1,198 | 1,275 | 1,409 | 1,369 | 1,356 | 1,446 |
| EBIT 1 | 523 | 561.9 | 627.4 | 700.2 | 652 | 645.4 | 644.2 | 738.6 | 666.9 | 694.2 | 748.4 | 865.5 | 791.4 | 819 | 910.7 |
| Operating Margin | 17.47% | 19.08% | 19.67% | 19.61% | 20.54% | 20.17% | 21.23% | 23.14% | 22.25% | 23.69% | 24.66% | 26.06% | 24.38% | 26.03% | 27.58% |
| Earnings before Tax (EBT) 1 | 662.9 | 659.5 | 721.3 | 711 | 720.2 | 570.9 | 750.1 | 841.2 | 757 | 711.4 | 843.8 | 979.1 | 877.7 | 854.6 | 993 |
| Net income 1 | 560.4 | 530.5 | 582.1 | 570.5 | 572.2 | 439.8 | 595.6 | 685.2 | 609.3 | 572.4 | 679.4 | 790.2 | 711.5 | 707.6 | 784.7 |
| Net margin | 18.72% | 18.01% | 18.25% | 15.98% | 18.02% | 13.74% | 19.63% | 21.47% | 20.33% | 19.53% | 22.38% | 23.79% | 21.92% | 22.49% | 23.76% |
| EPS 2 | 2.520 | 2.380 | 2.620 | 2.560 | 2.570 | 1.970 | 2.670 | 3.080 | 2.730 | 2.570 | 3.043 | 3.549 | 3.191 | 3.207 | 3.431 |
| Dividend per Share 2 | 1.500 | 1.620 | 1.620 | 1.620 | 1.620 | 1.750 | 1.750 | 1.620 | 1.750 | 1.770 | 1.770 | 1.770 | 1.762 | 1.765 | 1.944 |
| Announcement Date | 2/4/22 | 5/5/22 | 8/4/22 | 11/3/22 | 2/2/23 | 5/9/23 | 8/3/23 | 11/7/23 | 2/5/24 | 4/30/24 | - | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: September | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 911 | 2,655 | 1,836 | 4,343 | 8,357 | 11,678 | 14,173 | 15,950 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 0.2628 x | 0.7334 x | 0.4729 x | 1.023 x | 1.777 x | 2.302 x | 2.541 x | 2.648 x |
| Free Cash Flow 1 | 980 | 756 | 871 | 244 | -1,421 | -1,402 | -884 | -306 |
| ROE (net income / shareholders' equity) | 16.1% | 16.4% | 15.8% | 17.4% | 18.7% | 18.2% | 18.4% | 18.4% |
| ROA (Net income/ Total Assets) | 9.23% | 8.44% | 7.8% | 8.3% | 8.66% | 7.57% | 7.52% | 7.42% |
| Assets 1 | 19,068 | 22,519 | 26,014 | 27,027 | 26,478 | 35,862 | 40,180 | 45,126 |
| Book Value Per Share 2 | 50.20 | 54.70 | 61.10 | 59.20 | 64.30 | 69.50 | 75.50 | 82.40 |
| Cash Flow per Share 2 | 13.40 | 14.70 | 15.00 | 14.20 | 14.40 | 17.50 | 20.60 | 21.80 |
| Capex 1 | 1,990 | 2,509 | 2,464 | 2,927 | 4,626 | 5,314 | 5,161 | 4,896 |
| Capex / Sales | 22.31% | 28.33% | 23.87% | 23.05% | 36.72% | 43.19% | 39% | 34.1% |
| Announcement Date | 11/7/19 | 11/11/20 | 11/4/21 | 11/3/22 | 11/7/23 | - | - | - |
1USD in Million2USD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
25
Last Close Price
259.8
USD
Average target price
283.6
USD
Spread / Average Target
+9.16%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +6.69% | 211B | |
| +31.94% | 13.78B | |
| +53.26% | 8.89B | |
| +30.58% | 3.59B | |
| +12.54% | 3.13B | |
| -34.95% | 2.58B | |
| +6.63% | 2.21B | |
| -13.85% | 2.14B | |
| -6.13% | 1.5B |
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- Financials Air Products and Chemicals, Inc.
