Air Liquide : Back on the support level
Entry price | Target | Stop-loss | Potential |
---|
€156.8 |
€167 |
€151 |
+6.51% |
---|
After having been stuck in a trading range, shares in Air Liquide are returning to the lower bound of the range phase. This appears to be a good opportunity for opening new positions.
Summary● The company presents an interesting fundamental situation from a short-term investment perspective.
● According to Refinitiv, the company's ESG score for its industry is good.
Strengths● Before interest, taxes, depreciation and amortization, the company's margins are particularly high.
● Over the past four months, analysts' average price target has been revised upwards significantly.
● There is high visibility into the group's activities for the coming years. Outlooks on future revenues from analysts covering the equity remain similar. Such hardly dispersed estimates support highly predictable sales for the current and upcoming fiscal years.
Weaknesses● With relatively low growth outlooks, the group is not among those with the highest revenue growth potential.
● The firm trades with high earnings multiples: 23.98 times its 2023 earnings per share.
● In relation to the value of its tangible assets, the company's valuation appears relatively high.
● The valuation of the company is particularly high given the cash flows generated by its activity.
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