Company Valuation: Air Liquide

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 63,378 72,468 69,140 92,004 90,397 89,974 89,974 -
Change - 14.34% -4.59% 33.07% -1.75% -0.47% 0% -
Enterprise Value (EV) 1 73,978 82,916 79,401 101,225 99,556 99,273 100,039 99,461
Change - 12.08% -4.24% 27.49% -1.65% -0.28% 0.77% -0.58%
P/E ratio 26x 28.1x 25.1x 29.9x 27.3x 25x 22.1x 20.1x
PBR 3.41x 3.92x 2.92x 3.79x 3.36x 3.18x 2.99x 2.81x
PEG - 5x 3.82x 2.5x 3.89x 2.9x 1.7x 2x
Capitalization / Revenue 3.09x 3.11x 2.31x 3.33x 3.34x 3.33x 3.2x 3.05x
EV / Revenue 3.61x 3.55x 2.65x 3.67x 3.68x 3.67x 3.56x 3.37x
EV / EBITDA 12.5x 13.1x 10.8x 13.4x 12.6x 12.1x 11.3x 10.4x
EV / EBIT 19.5x 19.9x 16.3x 20x 18.5x 17.8x 16.3x 14.9x
EV / FCF 28.7x 31.2x 31.3x 35.3x 35.6x 36.9x 32.8x 28.9x
FCF Yield 3.48% 3.2% 3.2% 2.83% 2.81% 2.71% 3.05% 3.45%
Dividend per Share 2 2.273 2.397 2.682 2.909 3.3 3.427 3.714 4
Rate of return 2.05% 1.89% 2.23% 1.82% 2.1% 2.2% 2.39% 2.57%
EPS 2 4.264 4.504 4.8 5.364 5.74 6.235 7.03 7.745
Distribution rate 53.3% 53.2% 55.9% 54.2% 57.5% 55% 52.8% 51.7%
Net sales 1 20,485 23,335 29,934 27,608 27,058 27,038 28,081 29,543
EBITDA 1 5,928 6,333 7,328 7,550 7,896 8,177 8,841 9,520
EBIT 1 3,790 4,160 4,862 5,068 5,391 5,583 6,156 6,696
Net income 1 2,435 2,572 2,759 3,078 3,306 3,605 4,058 4,451
Net Debt 1 10,600 10,448 10,261 9,221 9,159 9,300 10,065 9,487
Reference price 2 110.95 126.71 120.36 160.11 156.92 155.68 155.68 155.68
Nbr of stocks (in thousands) 571,227 571,917 574,422 574,634 576,072 577,941 577,941 -
Announcement Date 2/10/21 2/16/22 2/16/23 2/20/24 2/21/25 - - -
1EUR in Million2EUR
Estimates

P/E ratio, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
24.99x3.69x12.2x2.19% 105B
-7.26x1.38x8.38x5.62% 43.64B
20.92x1.67x10.7x1.5% 37.04B
25.33x1.25x11.97x1.9% 25.35B
12.78x3.55x10.02x3.41% 22.17B
41.33x - - 1.19% 20.27B
242.93x7.35x55.65x0.02% 19.37B
141.63x2.78x25.38x0.84% 19.95B
-30.58x0.88x10.03x10.71% 16.39B
Average 52.45x 2.82x 18.04x 3.04% 34.41B
Weighted average by Cap. 38.39x 2.88x 14.94x 2.82%
See all sector valuations

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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