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 92,556 110,211 - -
Change - -4.59% 33.07% -1.75% 2.39% 19.08% - -
Enterprise Value (EV) 1 82,916 79,401 101,225 99,556 100,972 122,209 123,036 123,417
Change - -4.24% 27.49% -1.65% 1.42% 21.03% 0.68% 0.31%
P/E 28.1x 25.1x 29.9x 27.3x 26.3x 28x 24.9x 22.4x
PBR 3.92x 2.92x 3.79x 3.36x 3.53x 3.9x 3.79x 3.64x
PEG - 3.82x 2.5x 3.89x 4.19x 2.4x 2.1x 2x
Capitalization / Revenue 3.11x 2.31x 3.33x 3.34x 3.44x 3.91x 3.73x 3.55x
EV / Revenue 3.55x 2.65x 3.67x 3.68x 3.75x 4.33x 4.16x 3.98x
EV / EBITDA 13.1x 10.8x 13.4x 12.6x 12.4x 13.9x 13x 12.1x
EV / EBIT 19.9x 16.3x 20x 18.5x 18.1x 20.1x 18.4x 16.9x
EV / FCF 31.2x 31.3x 35.3x 35.6x 37.7x 50.3x 35.8x 33.5x
FCF Yield 3.2% 3.2% 2.83% 2.81% 2.65% 1.99% 2.79% 2.98%
Dividend per Share 2 2.179 2.438 2.645 3 3.364 3.642 3.966 4.254
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 6.192 6.942 7.733
Distribution rate 53.2% 55.9% 54.2% 57.5% 60.7% 58.8% 57.1% 55%
Net sales 1 23,335 29,934 27,608 27,058 26,940 28,222 29,582 31,014
EBITDA 1 6,333 7,328 7,550 7,896 8,145 8,762 9,500 10,237
EBIT 1 4,160 4,862 5,068 5,391 5,582 6,069 6,681 7,291
Net income 1 2,572 2,759 3,078 3,306 3,518 3,932 4,385 4,843
Net Debt 1 10,448 10,261 9,221 9,159 8,416 11,997 12,824 13,206
Reference price 2 115.19 109.42 145.55 142.65 145.69 173.16 173.16 173.16
Nbr of stocks (in thousands) 629,109 631,864 632,098 633,679 635,292 636,471 - -
Announcement Date 2/16/22 2/16/23 2/20/24 2/21/25 2/20/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
27.96x4.33x13.95x2.1% 124B
30.42x6.96x17.81x1.29% 230B
30.06x3.65x18.7x0.96% 80.89B
20.45x7.1x32.59x3.63% 75.04B
88.95x6.55x15.23x2.41% 66.71B
83.64x1.23x8.34x6.21% 35.62B
10.56x1.14x6.16x3.14% 30.99B
14.82x1.72x10.1x2.7% 23.87B
9.02x3.02x7.09x4.69% 24.35B
42.75x5.44x28.93x1.34% 23.57B
Average 35.86x 4.11x 15.89x 2.85% 71.48B
Weighted average by Cap. 35.31x 5.21x 17.32x 2.23%

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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