Stock · AI.PA · Basic Materials
France · Large Cap · Revenue 12 mo. €27B
Price as of 11/06/2026
L'Air Liquide S.A. provides gases, technologies, and services for the industrial and health sectors in Europe, the Americas, the Asia Pacific, the Middle East, and Africa.
L'Air Liquide S.A. provides gases, technologies, and services for the industrial and health sectors in Europe, the Americas, the Asia Pacific, the Middle East, and Africa. It operates in Gas & Services, and Engineering & Construction segments. The Gas & Services segment comprises large industries business, which offers gas and energy solutions including oxygen, nitrogen, argon, hydrogen, and carbon monoxide, as well as operates cogeneration plants to supply steam and electricity to metals, chemicals, refining, and energy industries; and industrial merchant business line provides industrial gases, equipment, hardgoods, and associated services to materials and energy, materials and chemicals, food and pharmaceuticals, technology and research, and fabrication and construction sectors. This segment also includes healthcare business, which provides medical gases, home healthcare services, medical equipment, and specialty ingredient; healthcare professionals, and hospitals; and electronic business supply carrier gases, electronic specialty and advanced materials, equipment and installation, service, and analysis to semiconductor, flat panel, and photovoltaic markets. The Engineering & Construction segment designs, develops, and builds industrial gas production plants to third parties; and designs and manufacture plants in the traditional, renewable, and alternative energy sectors. This segment also focuses on markets which require a global approach, drawing on science, technologies, development models, and usages related to digital transformation. L'Air Liquide S.A. was incorporated in 1902 and is headquartered in Paris, France.
Original text from the data provider
Summary
53.7 of 100
Mean of the six area values. Each area value is the mean of the stock's ranks among the companies in its sector. 50 is the middle of the sector, not a share of companies beaten.
Analysis
What the price requires
If free cash flow stays at €2.5B (2025), it supports €27.9B. The remaining €91.2B of the market value assume it grows 20.2% a year for 10 years and not at all afterwards.
Required FCF growth per year
20.2%
no growth afterwards
Price to operating cash flow 22.3×, above its usual range.
Middle half of 16 quarters: 14.6× to 16.4×, median 15.9×.
Measures only against its own past, not against what the company is worth. Price as of 11/06/2026.
with respect to the priced-in expectation
with respect to the priced-in expectation
Since the last quarter
Q1 → Q3 2026
3 more unchanged: Revenue, 12 mo., EBIT margin, Return on equity
Derivation
Each area value is the average of its metrics' ranks within the sector (0 to 100, 50 is the middle). For metrics where lower is better, the rank is mirrored. The overall value is the average of the area values.
Price as of 11/06/2026.
| Metric | Stock | Sector median | Position in sector |
|---|---|---|---|
| Return on equity | 13.42% | 10.66% | Rank 64 |
| Return on capital (Greenblatt) | 21.35% | 14.75% | Rank 76 |
| EBIT margin | 20.72% | 15.82% | Rank 61 |
| FCF margin | 9.32% | 8.70% | Rank 56 |
| Gross margin | 35.77% | 34.18% | Rank 55 |
| Metric | Stock | Sector median | Position in sector |
|---|---|---|---|
| Revenue growth, 1 year | −0.43% | 4.25% | Rank 31 |
| Earnings growth, 3 years per year | 5.02% | 0.28% | Rank 56 |
| Earnings growth, 5 years per year | 5.49% | 13.36% | Rank 26 |
| Sustainable growth (ROE × retained earnings) | 14.27% | 9.35% | Rank 67 |
| Metric | Stock | Sector median | Position in sector |
|---|---|---|---|
| Earnings yield | 3.25% | 4.98% | Rank 33 |
| FCF yield | 2.11% | 3.94% | Rank 26 |
| EV/saleslower is better | 4.78 | 2.36 | Rank 24 |
| EV/EBITlower is better | 23.06 | 14.61 | Rank 25 |
| Metric | Stock | Sector median | Position in sector |
|---|---|---|---|
| Share price, 1 year | 2.03% | 8.75% | Rank 41 |
| Share price, 6 months | 7.71% | −1.37% | Rank 72 |
| Share price, 3 months | 14.07% | −1.16% | Rank 93 |
| Distance from 52-week high | −1.02% | −21.97% | Rank 99 |
| Metric | Stock | Sector median | Position in sector |
|---|---|---|---|
| Accruals (Sloan)lower is better | 1.84% | 0.63% | Rank 42 |
| Change in share countlower is better | 0.06% | −0.01% | Rank 36 |
| Dividend streak in years | 16 | 3 | Rank 90 |
| Price reaction to results, market-adjusted | 1.45% | 0.05% | Rank 65 |
| Metric | Stock | Sector median | Position in sector |
|---|---|---|---|
| Equity ratio | 50.50% | 54.83% | Rank 39 |
| Net debt/EBITDAlower is better | 1.18 | 1.01 | Rank 44 |
| Debt to equitylower is better | 0.52 | 0.37 | Rank 35 |
| Volatility, 1 yearlower is better | 20.33% | 37.23% | Rank 98 |
Ten years in figures
| Year | Revenue, €B | EBIT margin | FCF, €B | Shares | Net debt, €B |
|---|---|---|---|---|---|
| 2016 | 18.1 | 16.9% | 1.4 | 506M | 15.3 |
| 2017 | 20.3 | 14.8% | 2.1 | 518M | 13.3 |
| 2018 | 21.0 | 15.6% | 2.5 | 519M | 12.4 |
| 2019 | 21.9 | 16.5% | 2.1 | 521M | 13.6 |
| 2020 | 20.5 | 17.8% | 2.6 | 522M | 11.7 |
| 2021 | 23.3 | 17.2% | 2.7 | 523M | 11.8 |
| 2022 | 29.9 | 14.3% | 2.5 | 524M | 11.6 |
| 2023 | 27.6 | 16.6% | 2.9 | 522M | 10.5 |
| 2024 | 27.1 | 18.3% | 2.8 | 576M | 10.5 |
| 2025 | 26.9 | 20.7% | 2.5 | 577M | 9.6 |
3 of 7 StockScorer Score rules met · How the score is built
Air Liquide SA mainly meets criteria in the Profitability category. Result from 18 strategies checked.
Air Liquide SA is rated here with the StockScorer Score strategy, the flagship rule set. It compares return and cash-flow metrics with the median of the company's own sector and checks growth and price trend.
3 of 7 rules met
5 of 11 points
Detail data
Excerpt from 18 strategies checked. The full evaluation is visible after a free sign-up.
With a free account, you can see the match across all strategies checked in one complete overview.
Selected fundamental metrics for Air Liquide SA.
| Metric | Stock | Sector |
|---|---|---|
| P/E ratio | 30.8 | 19.6 |
| P/B ratio | 4.1 | 2.1 |
| Return on equity (ROE) | 13.4% | 10.7% |
| Equity ratio | 50.5% | 54.8% |
| Debt-to-equity (D/E) | 0.52 | 0.37 |
| Dividend yield | 1.8% | 2.1% |
How comparable stocks in the same sector score in the StockScorer model.
| Symbol | Company | Rating |
|---|---|---|
| AI.PA | Air Liquide SAthis page | |
| ECL | Ecolab Inc | Medium5.5 |
| SHW | Sherwin-Williams Co | Low4.5 |
| APD | Air Products and Chemicals Inc | Low0.0 |
| GIVN.SW | Givaudan SA | locked |
| SIKA.SW | Sika AG | locked |
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