Air Products & Chemicals, Inc. engages in the manufacture and distribution of atmospheric gases. It operates through the following segments: Industrial Gases-Americas; Industrial Gases-EMEA (Europe, Middle East, and Africa); Industrial Gases-Asia; Industrial Gases-Global; and Corporate and Other. The Industrial Gases-America, EMEA and Asia segment markets and produces atmospheric gases such as oxygen, nitrogen, argon, and rare gases; process gases such as hydrogen, helium, carbon dioxide, carbon monoxide, syngas, and specialty gases; and equipment for the production and processing of gases such as air separation units and non-cryogenic generators. The Industrial Gases-Global segment comprises cryogenic and gas processing equipment for air separation. The Corporate and Other segment includes LNG equipment and helium storage and distribution sale of equipment businesses and corporate support functions. The company was founded by Leonard Parker Pool on September 30, 1940 and is headquartered in Allentown, PA.
Highlights
The quick ratio has surged by 59% year-on-year and by 41% since the previous quarter
The gross margin has increased by 7% year-on-year
The net income has increased by 11% YoY but it has decreased by 2.1% from the previous quarter
The EPS has grown by 11% year-on-year but it has declined by 2.2% since the previous quarter
APD's debt has soared by 147% since the previous quarter and by 115% year-on-year
APD's price to earnings (P/E) is 21% higher than its last 4 quarters average of 26.5 and 13% higher than its 5-year quarterly average of 28.3
Key stats
What are the main financial stats of APD
Market
Shares outstanding
220.89M
Market cap
$61.09B
Enterprise value
$65.36B
Valuations
Price to earnings (P/E)
32.12
Price to book (P/B)
5.24
Price to sales (P/S)
6.94
EV/EBIT
26.01
EV/EBITDA
17.76
EV/Sales
7.41
Earnings
Revenue
$8.82B
EBIT
$2.51B
EBITDA
$3.68B
Free cash flow
$452.4M
Per share
EPS
$8.61
Free cash flow per share
$2.05
Book value per share
$52.79
Revenue per share
$39.87
TBVPS
$106.7
Balance sheet
Total assets
$24.78B
Total liabilities
$12.76B
Debt
$8.2B
Equity
$11.66B
Working capital
$6.42B
Liquidity
Debt to equity
0.7
Current ratio
3.48
Quick ratio
3.25
Net debt/EBITDA
1.16
Margins
EBITDA margin
41.7%
Gross margin
34.4%
Net margin
21.6%
Operating margin
25.9%
Efficiency
Return on assets
9.2%
Return on equity
16.7%
Return on invested capital
13%
Return on capital employed
11.3%
Return on sales
28.5%
Dividend
Dividend yield
1.87%
DPS
$5.18
Payout ratio
60.2%
APD stock price
How has the Air Products & Chemicals stock price performed over time
Financial performance
How have Air Products & Chemicals's revenue and profit performed over time
Revenue
$8.82B
Gross profit
$3.04B
Operating income
$2.28B
Net income
$1.9B
Gross margin
34.4%
Net margin
21.6%
The operating margin has increased by 13% YoY
APD's net margin is up by 13% year-on-year
Air Products & Chemicals's operating income has increased by 11% YoY
The net income has increased by 11% YoY but it has decreased by 2.1% from the previous quarter
Growth
What is Air Products & Chemicals's growth rate over time
Valuation
What is Air Products & Chemicals stock price valuation
P/E
32.12
P/B
5.24
P/S
6.94
EV/EBIT
26.01
EV/EBITDA
17.76
EV/Sales
7.41
APD's price to earnings (P/E) is 21% higher than its last 4 quarters average of 26.5 and 13% higher than its 5-year quarterly average of 28.3
The EPS has grown by 11% year-on-year but it has declined by 2.2% since the previous quarter
The stock's P/B is 34% above its 5-year quarterly average of 3.9 and 22% above its last 4 quarters average of 4.3
Air Products & Chemicals's equity has increased by 2.5% QoQ and by 2.4% YoY
APD's price to sales (P/S) is 51% higher than its 5-year quarterly average of 4.6 and 24% higher than its last 4 quarters average of 5.6
Efficiency
How efficient is Air Products & Chemicals business performance
The return on sales has grown by 12% year-on-year
Air Products & Chemicals's return on invested capital has decreased by 12% QoQ and by 3.7% YoY
Air Products & Chemicals's ROE has increased by 8% YoY but it has decreased by 2.3% from the previous quarter
The ROA has contracted by 8% from the previous quarter but it has grown by 3.4% YoY
Dividends
What is APD's dividend history
DPS
$5.18
Dividend yield
1.87%
Payout ratio
60.2%
Recent dividends
Financial health
How did Air Products & Chemicals financials performed over time
APD's total assets is 94% more than its total liabilities
The total liabilities has soared by 64% from the previous quarter and by 63% YoY
The quick ratio has surged by 59% year-on-year and by 41% since the previous quarter
APD's debt is 30% smaller than its equity
APD's debt has soared by 147% since the previous quarter and by 115% year-on-year
The debt to equity has surged by 141% since the previous quarter and by 106% year-on-year
All financial data is based on trailing twelve months (TTM) periods - updated
quarterly, unless otherwise specified.