Company Valuation: Air Liquide

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 72,468 69,140 92,004 90,397 92,556 110,899 - -
Change - -4.59% 33.07% -1.75% 2.39% 19.82% - -
Enterprise Value (EV) 1 82,916 79,401 101,225 99,556 100,972 122,924 123,991 124,940
Change - -4.24% 27.49% -1.65% 1.42% 21.74% 0.87% 0.76%
P/E 28.1x 25.1x 29.9x 27.3x 26.3x 28.2x 25.1x 22.5x
PBR 3.92x 2.92x 3.79x 3.36x 3.53x 3.93x 3.82x 3.67x
PEG - 3.82x 2.5x 3.89x 4.19x 2.5x 2x 1.9x
Capitalization / Revenue 3.11x 2.31x 3.33x 3.34x 3.44x 3.93x 3.74x 3.57x
EV / Revenue 3.55x 2.65x 3.67x 3.68x 3.75x 4.35x 4.19x 4.02x
EV / EBITDA 13.1x 10.8x 13.4x 12.6x 12.4x 14x 13x 12.2x
EV / EBIT 19.9x 16.3x 20x 18.5x 18.1x 20.2x 18.5x 17.1x
EV / FCF 31.2x 31.3x 35.3x 35.6x 37.7x 47.4x 37.6x 33.5x
FCF Yield 3.2% 3.2% 2.83% 2.81% 2.65% 2.11% 2.66% 2.98%
Dividend per Share 2 2.179 2.438 2.645 3 3.364 3.664 3.99 4.288
Rate of return 1.89% 2.23% 1.82% 2.1% 2.31% 2.1% 2.29% 2.46%
EPS 2 4.095 4.364 4.876 5.218 5.545 6.174 6.94 7.747
Distribution rate 53.2% 55.9% 54.2% 57.5% 60.7% 59.3% 57.5% 55.3%
Net sales 1 23,335 29,934 27,608 27,058 26,940 28,228 29,619 31,068
EBITDA 1 6,333 7,328 7,550 7,896 8,145 8,761 9,504 10,260
EBIT 1 4,160 4,862 5,068 5,391 5,582 6,083 6,696 7,311
Net income 1 2,572 2,759 3,078 3,306 3,518 3,930 4,382 4,839
Net Debt 1 10,448 10,261 9,221 9,159 8,416 12,026 13,093 14,041
Reference price 2 115.19 109.42 145.55 142.65 145.69 174.24 174.24 174.24
Nbr of stocks (in thousands) 629,109 631,864 632,098 633,679 635,292 636,471 - -
Announcement Date 16/02/22 16/02/23 20/02/24 21/02/25 20/02/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
28.25x4.36x14.05x2.1% 124B
31.04x7.09x18.14x1.26% 234B
29.16x3.55x18.15x0.99% 78.68B
19.22x6.85x30.45x3.85% 72.76B
91.18x6.71x15.62x2.35% 68.39B
89.5x1.33x9.26x5.8% 38.11B
10.94x1.08x5.85x2.82% 33.01B
15.83x1.8x10.58x2.56% 25.22B
17.25x0.86x6x4.13% 24.54B
8.58x2.78x6.41x5.21% 24.13B
Average 34.09x 3.64x 13.45x 3.11% 72.3B
Weighted average by Cap. 35.27x 5.06x 16.34x 2.32%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Air Liquide

Historical PBR trend

Valuation ratios - PBR - Air Liquide

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Air Liquide

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Air Liquide


Year-on-year evolution of the Yield

Valuation ratios - Yield - Air Liquide
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