L'Air Liquide S.A. Stock AI, quote Euronext Paris

Previous close	171.48
Open	171.40
Bid	0.00 x 0
Ask	0.00 x 0
Day's range	171.06 - 172.48
52 week range	142.04 - 180.30
Volume	446,810
Average volume	555,144

Market Cap	90.318B
Beta (5 year Monthly)	0.63
PER	28.38
EPS	6.07
Earnings date	Feb 20, 2024
Forward dividend & yield	2.95 (1.72%)
Ex-Dividend date	May 15, 2023
1 year target	182.90

L'Air Liquide S.A. stock reports 2025 sales of 23 334 800 000.
Its closing price is 171.48 and analysts have a target price of 182.90. In the last 52 weeks, its price has fluctuated between 142.04 and 180.30.
L'Air Liquide S.A. has a market capitalization of 100730000000, a PER of 28.38 and earnings per share of 6.07.

Finances L'Air Liquide S.A.

Earnings & revenue

Total revenue

Net Income

Gross profit

Free Cash Flow

Revenue estimate number of analysts : 25

Valuation

52 week range

142.04

171.48

180.30

1 year target

171.48

<- 7% ->

182.90

PER
28.38

PEG
2.25

P/FCF
38

Price to Book
4.14

Book value
46.49

Return on Equity
12.85%

Return on Assets
6.13%

Financials

All figures on L'Air Liquide S.A. for the last 5 years.

Statistics

Valuation

Marketcap (intraday)	100.73B
Enterprise value	111.29B
Trailing P/E	32.85
Forward P/E	27.25
PEG Ratio (5 yr expected)	2.25
Price to sales (ttm)	3.66
Price to Book (MRQ) (mrq)	4.14
Enterprise value/Revenue	4.03
Enterprise value/EBITDA	16.59

Income statement

Revenue (ttm)	27.61B
Revenue Per Share (ttm)	52.88
Quarterly Revenue Growth (yoy)	-13.40%
Gross Profit (ttm)	N/A
EBITDA	7.28B
Net Income available to Common (ttm)	3.08B
Diluted EPS (ttm)	5.86
Quarterly Earnings Growth (yoy)	-6.70%

Price history

Beta (5 year Monthly)	0.66
52-Week Change	29.08%
S&P500 52-Week Change	30.58%
52 Week High	194.62
52 Week Low	146.30
50-Day Moving Average	176.99
200-Day Moving Average	167.38

Profitability

Profit Margin	11.15%
Operating Margin (ttm)	17.96%

Fiscal Year

Fiscal year ends	Dec 31, 2023
Most Recent Quarter (mrq)	Dec 31, 2023

Management Effectiveness

Return on Assets (ttm)	6.13%
Return on Equity (ttm)	12.85%

Statistics

Avg Vol (3 month)	567.33k
Avg Vol (10 day)	508.41k
Shares Outstanding	522.37M
Implied Shares Outstanding	524.6M
Float 8	511.58M
% Held by Insiders	2.92%
% Held by Institutions	31.43%
Shares Short	N/A
Short Ratio	N/A
Short % of Float	N/A
Short % of Shares Outstanding	N/A
Shares Short (prior month)	N/A

Dividend & Splits

Forward Annual Dividend Rate	3.2
Forward Annual Dividend Yield	1.66%
Trailing Annual Dividend Rate	3.20
Trailing Annual Dividend Yield	1.66%
5 Year Average Dividend Yield	1.94
Payout Ratio	50.26%
Dividend Date	N/A
Ex-Dividend Date	May 20, 2024
Last Split Factor	11:10
Last Split Date	Jun 06, 2022

Balance sheet

Total Cash (mrq)	1.62B
Total Cash Per Share (mrq)	3.11
Total Debt (mrq)	12.13B
Total Debt/Equity (mrq)	48.43%
Current Ratio (mrq)	0.87
Book Value Per Share (mrq)	46.49

Cash Flow Statement

Operating Cash Flow (ttm)	6.26B
Levered Free Cash Flow (ttm)	1.8B

Income statement

	ttm	12/31/2023	12/31/2022	12/31/2021	12/31/2020
Chiffre d’affaires	27,607,600	27,607,600	29,934,000	23,334,800	20,485,200
Cost of Goods Sold (COGS) incl. D&A	11,146,800	11,146,800	13,813,000	9,388,700	7,197,700
Gross Profit	16,460,800	16,460,800	16,121,000	13,946,100	13,287,500
_OPERATING_EXPENSE	11,392,800	11,392,800	11,259,200	9,785,800	9,497,900
_OPERATING_INCOME	5,068,000	5,068,000	4,861,800	4,160,300	3,789,600
_NET_NON_OPERATING_INCOME	-416,200	-416,200	-386,000	-408,300	-439,900
Pretax Income	4,155,300	4,155,300	3,905,100	3,601,300	3,210,200
_TAX_PROVISION	971,800	971,800	1,002,300	914,800	678,200
Net Income_COMMON_STOCKHOLDERS	3,078,000	3,078,000	2,758,800	2,572,200	2,435,100
_DILUTEDNet Income_COM_STOCKHOLDERS	3,078,000	3,078,000	2,758,800	2,572,200	2,435,100
_BASIC_EPS
_DILUTED_EPS
_BASIC_AVG_SHARES	521,973	522,069	520,829	518,764
_DILUTED_AVG_SHARES	523,877	523,925	523,112	521,532
_TOTAL_OPERATING_INCOME	4,571,500	4,571,500	4,291,100	4,009,600	3,650,100
_TOTAL_EXPENSES	22,539,600	22,539,600	25,072,200	19,174,500	16,695,600
Net Income_CONTINUING_DISCONTINUED_OPERATION	3,078,000	3,078,000	2,758,800	2,572,200	2,435,100
_NORMALIZED_INCOME	3,458,319	3,458,319	3,182,830	2,684,622	2,545,166
_INTEREST_INCOME	69,400	69,400	33,000	12,200	15,800
Interest Expense	73,100	73,100	44,800	333,900	420,400
_NET_INTEREST_INCOME	-416,200	-416,200	-386,000	-408,300	-439,900
_EBIT	4,228,400	4,228,400	3,949,900	3,935,200	3,630,600
_EBITDA	6,710,400	6,710,400	6,415,800	6,107,700	5,768,500
_RECONCILED_COST_OF_REVENUE	11,146,800	11,146,800	13,813,000	9,388,700	7,197,700
_RECONCILED_DEPRECIATION	2,482,000	2,482,000	2,465,900	2,172,500	2,137,900
Net Income_CONTINUING_OPERATION_NET_MINORITY_INTEREST	3,078,000	3,078,000	2,758,800	2,572,200	2,435,100
_TOTAL_UNUSUAL_ITEMS_EXCLUDING_GOODWILL	-496,500	-496,500	-570,700	-150,700	-139,500
_TOTAL_UNUSUAL_ITEMS	-496,500	-496,500	-570,700	-150,700	-139,500
_NORMALIZED_EBITDA	7,206,900	7,206,900	6,986,500	6,258,400	5,908,000
_TAX_RATE_CALCS	0	0	0	0	0
_TAX_EFECT_UNUSUAL_ITEMS	-116,181	-116,181	-146,670	-38,278	-29,434

Balance sheet

Fiscal year is January-December. All values EUR Millions.

2022

2021

2020

2019

2018

_TXT_5_Y_TREND

Cash & Short Term Investments

1,911

2,247

1,791

1,026

1,770

Cash Only

1,911

2,247

1,791

1,026

1,726

Cash & Short Term Investments_GROWTH

-14.92%

25.41%

74.65%

-42.04%

-

Cash & ST Investments / Total AssetsTotal Assets

3.86%

4.80%

4.27%

2.35%

4.22%

Total Accounts Receivable

3,231

2,801

2,296

2,576

2,641

Accounts Receivables, Net

3,035

2,694

2,206

2,478

2,500

Accounts Receivables, Gross

3,035

2,892

2,410

2,662

2,679

Bad Debt/Doubtful Accounts

-

(198)

(204)

(184)

(178)

Other Receivables

196

107

90

98

141

Accounts Receivables, Gross

15.37%

21.97%

-10.86%

-2.47%

-

Accounts Receivable Turnover

9.26

8.33

8.92

8.51

7.96

Inventories

2,158

1,737

1,561

1,681

1,701

Finished Goods

1,252

1,029

960

1,045

1,014

Work in Progress

142

110

83

102

107

Raw Materials

567

446

363

386

340

Progress Payments & Other

197

152

155

149

241

Other Current Assets

896

722

627

685

651

Prepaid Expenses

156

134

113

132

120

Miscellaneous Current Assets

740

588

514

553

532

Total Current Assets

8,197

7,507

6,275

5,967

6,763

Net Property, Plant & Equipment

23,647

22,532

20,003

21,118

19,248

Property, Plant & Equipment - Gross

50,453

47,841

43,130

43,756

40,064

Buildings

2,492

2,286

2,128

2,166

2,090

Land & Improvements

474

472

432

444

445

Machinery & Equipment

42,138

40,110

36,108

37,071

35,676

Construction in Progress

3,396

3,178

2,897

2,559

1,853

Leases

1,954

1,795

1,565

1,517

-

Accumulated Depreciation

26,807

25,310

23,127

22,639

20,816

Buildings

1,280

1,190

1,094

1,086

993

Machinery & Equipment

24,757

23,490

21,570

21,298

19,822

Total Investments and Advances

641

611

500

432

358

LT Investment - Affiliate Companies

186

158

161

154

142

Other Long-Term Investments

456

453

339

278

216

Long-Term Note Receivable

300

308

340

375

368

Intangible Assets

16,399

15,445

14,485

15,498

14,944

Net Goodwill

14,587

13,992

13,087

13,943

13,345

Net Other Intangibles

1,811

1,453

1,398

1,555

1,599

Other Assets

103

142

106

20

17

Deferred Charges

61

58

15

20

17

_TANGIBLEOther Assets

42

84

91

-

Total Assets

49,518

46,783

41,977

43,667

41,981

Assets - Total - Growth

5.85%

11.45%

-3.87%

4.02%

-

Asset Turnover

0.62

-

Return On Average Assets

5.73%

-

All values EUR Millions.

2022

2021

2020

2019

2018

_TXT_5_Y_TREND

ST Debt & Current Portion LT Debt

2,232

2,417

2,399

2,075

2,551

Short Term Debt

2,004

2,189

2,181

1,832

2,546

Current Portion of Long Term Debt

228

218

244

5

Accounts Payable

3,783

3,333

2,438

2,567

2,715

Accounts Payable_GROWTH

13.48%

36.72%

-5.01%

-5.45%

-

Income Tax Payable

260

278

215

200

171

Other Current Liabilities

2,607

2,380

2,184

1,965

1,992

Accrued Payroll

282

309

316

268

325

Miscellaneous Current Liabilities

2,324

2,070

1,868

1,696

1,667

Total Current Liabilities

8,881

8,407

7,236

6,807

7,429

Current Ratio

0.92

0.89

0.87

0.88

0.91

Quick Ratio

0.68

0.69

0.65

0.63

0.68

Cash Ratio

0.22

0.27

0.25

0.15

0.24

Long-Term Debt

11,221

11,539

11,190

12,655

11,710

Long-Term Debt_EXC_CAPILeases

10,169

10,506

10,220

11,567

11,702

Non-Convertible Debt

10,169

10,506

10,220

11,567

11,702

_CAPILeases_OBLIGATIONS

-

8

Provision for Risks & Charges

1,991

2,292

2,418

2,521

2,411

Deferred Taxes

2,233

1,888

1,603

1,795

1,673

Deferred Taxes_CREDIT

2,465

2,127

1,872

2,052

1,956

Deferred Taxes_DEBIT

232

239

268

257

283

_OTHER_LIABILITIES

282

329

178

247

208

Other Liabilities (excl.)Deferred Income

253

303

150

213

169

Deferred Income

30

27

28

34

39

Total Liabilities

24,841

24,695

22,893

24,282

23,713

Non-Equity Reserves

106

90

79

60

61

Total LiabilitiesTotal Assets

50.16%

52.79%

54.54%

55.61%

56.48%

Common Equity (Total)

23,736

21,462

18,542

18,870

17,783

Common Stock Par/Carry Value

2,879

2,614

2,605

2,602

2,362

Additional Paid-In Capital/Capital Surplus

2,349

2,749

2,608

2,573

2,885

Retained Earnings

18,858

17,128

15,644

14,535

13,664

Cumulative Translation Adjustment/Unrealized For. Exch. Gain

(62

(702

(1,903

(442

(748

Unrealized Gain/Loss Marketable Securities

(169

(209

(272

(269

(259

Treasury Stock

(118

(140

(129

(121

_COMMON_EQUITYTotal Assets

47.93%

45.88%

44.17%

43.21%

42.36%

Total Shareholders' Equity

23,736

21,462

18,542

18,870

17,783

Total Shareholders' EquityTotal Assets

47.93%

45.88%

44.17%

43.21%

42.36%

Accumulated Minority Interest

836

537

462

454

424

Total Equity

24,572

21,999

19,005

19,324

18,207

Liabilities & Shareholders' Equity

49,518

46,783

41,977

43,667

41,981

Cash flow

	ttm	12/31/2023	12/31/2022	12/31/2021	12/31/2020
Operating Cash Flow	6,263,000	6,263,000	5,810,100	5,570,700	5,205,700
Investing Cash Flow	-3,079,000	-3,079,000	-3,241,900	-3,351,500	-1,954,600
Financing Cash Flow	-3,479,700	-3,479,700	-2,781,000	-1,815,700	-2,427,600
End cash position	1,403,600	1,403,600	1,760,900	2,138,900	1,718,600
Capital Expenditure	-3,393,400	-3,393,400	-3,273,000	-2,916,800	-2,630,200
Issuance of Capital Stock	128,800	128,800	37,700	175,400	43,700
Repurchase of Capital Stock	-81,900	-81,900	-191,500	-40,100	-49,900
Free Cash Flow	2,869,600	2,869,600	2,537,100	2,653,900	2,575,500

Développement durable

Last update on 9/2023

Secteurs d'implication

Products and Activities	Significant Involvement
Alcoholic Beverages	No
Adult Entertainment	No
Gambling	No
Tobacco Products	No
Animal Testing	Yes
Fur and Specialty Leather	No
Controversial Weapons	No
Small Arms	No
Catholic Values	No
GMO	No
Military Contracting	No
Pesticides	No
Thermal Coal	No
Palm Oil	No

Scores ESG

Evaluation du risque : 13 6th percentile Low

Risques sur l'Environnement

0

6.3

Négligeable

Faible

Moyen

Élevé

Sévère

20

Risques sur la Soutenabilité

0

2.8

Négligeable

Faible

Moyen

Élevé

Sévère

20

Risques sur la Gouvernance

0

3.6

Négligeable

Faible

Moyen

Élevé

Sévère

20

Niveau de controverse

0

2

Aucune

Faible

Modéré

Significatif

Grave

5

Analysts ratings

	3 months ago	1 month ago	Current
Buy	11	0	11
Overweight	4	0	3
Hold	6	0	5
Underweight	0	0	0
Sell	1	0	1
Consensus	Overweight	-	Overweight

Earnings Per Shares

Quarterly

Actual Analyst range Consensus

4 3 2 1 0

Actual 0.70 0.78	Actual 0.68 0.64	Actual 0.63 0.65	N/A		2.91	3.15
Q42022	Q12023	Q2	Q3		Q4	Q12024

Annualy

10 8 5 3

Actual 5.27 1.28	6.42	7.08	7.80
FY 2022	FY 2023	FY 2024	FY 2025

AI will report Q4 earnings on 04/24/2024

Q4 2023 Estimate Trends
Current:	^€2.91
1 month ago:	^€0.68
3 months ago:	^€0.68

Q1 2024 Estimate Trends
Current:	^€3.15
1 month ago:	^€-
3 months ago:	^€-

Competitors

L'Air Liquide S.A. by Warren Buffet


Compte de résultat
Croissance du CA	>0%	0.00%	0.00%	0.00%	0.00%
Croissance des bénécices brut	>0%	0.00%	0.00%	0.00%	0.00%
Croissance du résultat d'exploitation avant intérêts et impôts (EBIT)	>0%	0.00%	0.00%	0.00%	0.00%
Croissance résultat net	>15%	0.00%	0.00%	0.00%	0.00%
Profitabilité pour l'actionnaire (ROE)		0.00%	0.00%	0.00%	0.00%	0.00%
Marge brut	>40%	0.00%	0.00%	0.00%	0.00%	0.00%
Marge opérationnelle		0.00%	0.00%	0.00%	0.00%	0.00%
Marge nette	>10%	0.00%	0.00%	0.00%	0.00%	0.00%
Capacité à attirer de nouveaux clients	<30%	0.00%	0.00%	0.00%	0.00%	0.00%
Coût de la R&D	<5%	0.00%	0.00%	0.00%	0.00%	0.00%
Charges d'intérêts	<15%	0.00%	0.00%	0.00%	0.00%	0.00%
Bilan
Liquidité : Capacité de l'entreprise à rembourser ses dettes à COURT terme
Ratio de liquidité général (current ratio)	>1	1.00	0.88	0.86	0.83	0.86
Ratio de liquidité restreinte (quick ratio)	>1	0.25	0.38	0.29	0.33	0.29
Ratio de liquidité immédiate (cash ratio)	>1	0.02	0.04	0.02	0.02	0.02
Solvabilité : Capacité de l'entreprise à rembourser ses dettes à LONG terme
Approche 1	<0	8 258	8 259	8 429	10 541	9 932
Net LT debt to equity	<100%	34.79%	38.48%	45.46%	55.86%	55.85%
Approche 2		-	-	-	-	-
Dette nette totale / capitaux propres	<100%	-	-	-	-	-
Approche 3		-	-	-	-
Net total debt to equity	<100%	-	-	-	-
Levier Financier
Passif total / cap. propres	<2	-	-	-	-
Rendement du capitaux propre	> 15%	-	-	-	-

Résultats du ratio de Piotroski F-Score Stock Screen pour L'Air Liquide S.A.

Objet : Estimer la qualité fondamentale de vos placements (fondamentaux solides + valeur résiliente à long terme) par M. Joseph Piotroski
Objectif : Score entre 8 et 9

Thème	2021	2020	2019	2018	2017	Formule
Rentabilité
Rendement de l'actif (ROA)	0	0	0	0	0	(Résultat net / Actifs totaux) > 0
Flux de trésorerie d'exploitation	1	1	1	1	-	Flux de trésorerie > 0
Direction du ROA					-	Si ROA N > ROA N-1
Vérification de la compatbilité de l'exercice					-	Cashflow opérationnel > Résultat net
Structure du Capital
Ratio Dette LT / Actifs Totaux	0	0	0	0	-	Dette long terme / Actifs Totaux N sur N-1
Ratio de liquidité (Current ratio)	1	1	1	0	-	Actifs CT / Passifs CT N sur N-1
Emission d'actions	1	1	1	1	-	Emission d'actions (ou rachat d'action) oui/non
Efficacité opérationnelle
Orientation de la marge brute					-	Marge brute en hausse ? oui/non
Rotation des actifs					-	(Ventes / actifs) > 0
	2	2	2	2	-

FY 2023 Estimate Trends
Current:	^€6.42
1 month ago:	^€1.38
3 months ago:	^€1.38

FY 2024 Estimate Trends
Current:	^€7.08
1 month ago:	^€1.50
3 months ago:	^€1.50

L'Air Liquide S.A. - AI

Finances L'Air Liquide S.A.

Earnings & revenue

Total revenue

Net Income

Gross profit

Free Cash Flow

Valuation

Financials

Statistics

Valuation

Income statement

Price history

Profitability

Fiscal Year

Management Effectiveness

Statistics

Dividend & Splits

Balance sheet

Cash Flow Statement

Income statement

Balance sheet

Cash flow

Développement durable

Secteurs d'implication

Scores ESG

Niveau de controverse

Analysts ratings

Analysts ratings

Earnings Per Shares

Competitors

L'Air Liquide S.A. by Warren Buffet

Résultats du ratio de Piotroski F-Score Stock Screen pour L'Air Liquide S.A.