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Real-time Euronext Paris  -  05/20 11:35:34 am EDT
160.12 EUR   +0.33%
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Air Liquide Enters a Long-Term Partnership to Secure its Supply of Helium-3

12/07/2021 | 11:45am EDT

Air Liquide has entered into a long-term agreement with Laurentis Energy Partners, a leader in the clean-energy industry, to produce and distribute helium-3 (3He). This molecule is a rare isotope of helium used in quantum computing, quantum science, astrophysics, neutron detection, medical imaging and, in the future, fusion. Thanks to this new partnership, Air Liquide will be able to deliver large quantities of helium-3 to its customers around the world. Laurentis Energy Partners will extract helium-3 as a by-product of the energy produced by the Darlington power generating station in Canada. As an expert in gas management and extreme cryogenics, Air Liquide will purify the molecule, then package and distribute it to its customers globally. The production will start by the end of this year. Helium-3 is a very rare and stable isotope of helium. Compared to the most common isotope (helium-4), helium-3 has unique physical properties, such as a lower liquefaction temperature. Thanks to this, helium-3 has a wide range of applications, from neutron detection for security gates to deep science where helium-3 allows to reach temperatures close to absolute zero. In particular, helium-3 is necessary to produce the ultra cold required by quantum computers that harness quantum physics to process exponentially more data compared to classical computers. The promise of quantum computing is accelerated development in many fields including the search for new drugs, the discovery of new materials, and even cyber defense. As a medical isotope, He-3 can also be used to produce highly detailed Magnetic Resonance Imaging (MRI) of airways in the lung.

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Analyst Recommendations on AIR LIQUIDE
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Sales 2022 27 508 M 29 019 M 29 019 M
Net income 2022 3 040 M 3 207 M 3 207 M
Net Debt 2022 10 750 M 11 341 M 11 341 M
P/E ratio 2022 25,1x
Yield 2022 1,95%
Capitalization 75 540 M 79 692 M 79 692 M
EV / Sales 2022 3,14x
EV / Sales 2023 3,06x
Nbr of Employees 66 400
Free-Float 97,0%
Duration : Period :
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Technical analysis trends AIR LIQUIDE
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Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 28
Last Close Price 160,12 €
Average target price 177,67 €
Spread / Average Target 11,0%
EPS Revisions
Managers and Directors
Benoît Potier Director-Strategy & Organization
Jerome Jenamarie Pelletan Chief Financial Officer-Taiwan
Jean-Paul Agon Lead Independent Director
Siân Herbert-Jones Independent Director
Sin Leng Low Independent Director
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