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Air Products and Chemicals Inc (APD)



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Upturn Advisory Summary
04/01/2025: APD (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type Stock | Historic Profit -20.82% | Avg. Invested days 31 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Large-Cap Stock | Market Capitalization 65.61B USD | Price to earnings Ratio 17.07 | 1Y Target Price 349.07 |
Price to earnings Ratio 17.07 | 1Y Target Price 349.07 | ||
Volume (30-day avg) 1189410 | Beta 0.87 | 52 Weeks Range 221.90 - 339.07 | Updated Date 03/31/2025 |
52 Weeks Range 221.90 - 339.07 | Updated Date 03/31/2025 | ||
Dividends yield (FY) 2.43% | Basic EPS (TTM) 17.28 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 31.88% | Operating Margin (TTM) 22.48% |
Management Effectiveness
Return on Assets (TTM) 4.82% | Return on Equity (TTM) 22.4% |
Valuation
Trailing PE 17.07 | Forward PE 22.83 | Enterprise Value 78185562901 | Price to Sales(TTM) 5.45 |
Enterprise Value 78185562901 | Price to Sales(TTM) 5.45 | ||
Enterprise Value to Revenue 6.5 | Enterprise Value to EBITDA 11.97 | Shares Outstanding 222476000 | Shares Floating 221378861 |
Shares Outstanding 222476000 | Shares Floating 221378861 | ||
Percent Insiders 0.39 | Percent Institutions 90.98 |
Analyst Ratings
Rating 4 | Target Price 346.42 | Buy 5 | Strong Buy 9 |
Buy 5 | Strong Buy 9 | ||
Hold 9 | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
Air Products and Chemicals Inc

Company Overview
History and Background
Air Products and Chemicals, Inc. was founded in 1940. Originally focused on oxygen generation for steel production, it has evolved into a global leader in industrial gases and related equipment.
Core Business Areas
- Industrial Gases - Americas: Provides atmospheric and process gases and related equipment to various industries in North and South America.
- Industrial Gases - EMEA: Provides atmospheric and process gases and related equipment to various industries in Europe, the Middle East, and Africa.
- Industrial Gases - Asia: Provides atmospheric and process gases and related equipment to various industries in Asia.
- All Other: Includes LNG technology and equipment, helium transfill, and other business segments.
Leadership and Structure
Seifi Ghasemi serves as Chairman, President, and Chief Executive Officer. The company operates with a functional organizational structure, with distinct business segments and supporting corporate functions.
Top Products and Market Share
Key Offerings
- Atmospheric Gases (Oxygen, Nitrogen, Argon): Essential for numerous industries, including steelmaking, chemical processing, and healthcare. Market share varies by region and gas type, but Air Products is a leading global supplier. Competitors include Linde, Air Liquide, and Messer.
- Process Gases (Hydrogen, Helium, Carbon Dioxide): Used in refineries, chemical plants, and other industrial processes. Air Products is a major hydrogen supplier. Helium used in MRI technology. Competitors include Linde, Air Liquide, and Messer.
- Equipment and Services: Includes gas separation and liquefaction plants, and related engineering services. Competitors include Linde, Air Liquide, and Technip Energies.
- LNG Technology and Equipment: Solutions for liquefied natural gas production. Competitors include Linde, Air Liquide, and Technip Energies.
Market Dynamics
Industry Overview
The industrial gases industry is characterized by high barriers to entry, long-term contracts, and relatively stable demand. Growth is driven by industrial production, population growth, and increasing demand for clean energy.
Positioning
Air Products holds a leading position in the industrial gases market, benefiting from its global scale, technological expertise, and long-standing customer relationships. Its focus on high-growth markets and sustainable solutions enhances its competitive advantage.
Total Addressable Market (TAM)
The global industrial gases market is estimated to be around $100 billion, with Air Products holding a significant market share. The TAM is expected to grow driven by emerging markets, sustainable energy, and healthcare.
Upturn SWOT Analysis
Strengths
- Global scale and strong market position
- Diversified product portfolio
- Long-term customer relationships
- Technological expertise and innovation
- Strong financial performance
Weaknesses
- High capital expenditure requirements
- Sensitivity to economic cycles
- Exposure to commodity price fluctuations
Opportunities
- Growing demand for industrial gases in emerging markets
- Increasing adoption of clean energy technologies (e.g., hydrogen)
- Expansion of healthcare and electronics industries
- Acquisitions of smaller players
Threats
- Intense competition from established players
- Economic downturns and industrial slowdowns
- Geopolitical risks
- Stringent environmental regulations
Competitors and Market Share
Key Competitors
- LIN (Linde PLC)
- APD
- AIQUY (Air Liquide)
Competitive Landscape
Air Products competes primarily on scale, cost, and technology. It differentiates itself through its focus on high-growth markets and its commitment to sustainability.
Major Acquisitions
N.V. Nederlandsche Apparatenfabriek (Nafco)
- Year: 2021
- Acquisition Price (USD millions): 140
- Strategic Rationale: Further strengthening Air Productsu2019 CryoEaseu00ae services for food freezers throughout Europe, and enabling Air Products to take a leading position in the rapidly expanding market for merchant supply to industrial gas users in the Benelux region.
Growth Trajectory and Initiatives
Historical Growth: Air Products has achieved consistent growth through organic expansion, acquisitions, and strategic investments.
Future Projections: Analysts project continued growth for Air Products, driven by its focus on emerging markets and sustainable solutions.
Recent Initiatives: Recent initiatives include investments in hydrogen production facilities, expansions in Asia, and acquisitions of smaller industrial gas companies.
Summary
Air Products is a strong player in the industrial gas market, benefiting from global scale and a diversified portfolio. Its focus on hydrogen and sustainable solutions positions it well for future growth. However, it faces competition and economic headwinds.
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Sources and Disclaimers
Data Sources:
- Company Filings
- Analyst Reports
- Industry Publications
Disclaimers:
This analysis is for informational purposes only and does not constitute financial advice. Market conditions and company performance are subject to change.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Air Products and Chemicals Inc
Exchange NYSE | Headquaters Allentown, PA, United States | ||
IPO Launch date 1987-01-01 | CEO & Director Mr. Eduardo F. Menezes | ||
Sector Basic Materials | Industry Specialty Chemicals | Full time employees 23000 | Website https://www.airproducts.com |
Full time employees 23000 | Website https://www.airproducts.com |
Air Products and Chemicals, Inc. provides atmospheric gases, process and specialty gases, equipment, and related services in the Americas, Asia, Europe, the Middle East, India, and internationally. The company produces atmospheric gases, including oxygen, nitrogen, and argon; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, and syngas; and specialty gases for customers in various industries, including refining, chemical, manufacturing, electronics, energy production, medical, food, and metals. It also designs and manufactures equipment for air separation, hydrocarbon recovery and purification, natural gas liquefaction, and liquid helium and liquid hydrogen transport and storage. The company was founded in 1940 and is headquartered in Allentown, Pennsylvania.
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