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Air Liquide

PAR:AI · FR0000120073
ChemicalsXX-Large

360

69
EV / EBIT37
Price / Owner Earnings19
Owner Earnings Yield42
Dividend Yield51
Price/Sales7
EV / Gross Profit60
Price/Book9
Return on Capital65
Cash Return on Capital52
Return on Equity67
EBIT Margin83
Gross Profitability87
Cash Conversion61
Accruals34
Owner Earnings Margin54
Sales growth57
Profit Growth98
Long-Term EPS Growth60
Owner Earnings Growth51
Reinvestment45
Price momentum63
Debt load48
Refinancing6
Debt Payback34
Liquidity81
Analyst ratings81
Opinion Changes50
Price Target Upside34
Market mood100
Value Creation12/20creating some value
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Air Liquide clears its cost of capital, but the record is mixed across the five tests. Real value creation, just not yet consistent.

Profile

CountryFrance
IndustryChemicals
SizeXX-Large
TypePublic Company
ExchangeENXTPA
Founded1902
Employees25,722
Websiteairliquide.com
ISINFR0000120073
Last UpdateApr 2, 2026
Indices
CAC 40 (France)CAC All (France)EURO STOXX 50 (European Union)SBF 120 (France)
Themes
CleanTechAnaerobic DigestionFuel CellsClean EnergyClimateTechRespiratoryPollution ControlIndustrial AutomationHydrogenHealth CareManufacturing

Description

L'Air Liquide S.A. provides gases, technologies, and services for industrial and health sectors in Europe, the Americas, the Asia Pacific, the Middle East, and Africa. Segments The company operates through Gas & Services, Engineering & Construction…

Analysis

Middle-of-the-road

L'Air Liquide S.A. sits in the middle of our grid: average quality, average price, no obvious signal in either direction.

On valuation, the picture is expensive. The owner-earnings multiple stands at 53.2×; owner earnings: the cash an owner could take out each year. The implied growth embedded in that price is around 19% a year, against analyst forecasts of 10%. The gap between price and consensus is worth watching: demanding expectations.

Growth is moderate; the safety picture is sturdy. The company scores 12/20 on our value-creation score: creating some value.

No flags apply to this company at this time: accounts, balance sheet, and cash quality all pass. A clean bill of health is meaningful, not just the absence of a warning. This analysis describes numbers; it is not investment advice.

360° rank · history

1007550250
53
2023202420252026

All-time high

64

Mar 2026

All-time low

9

Jan 2023

Average rank

37

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
7
9
13
31
Price/Earnings
16
24
20
31
Price/Book
9
5
12
34
Dividend Yield
51
50
39
42
Value (overall)
12
12
8
13

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →