Air Products and Chemicals, Inc. (DE:AP3)
NYSE:AP3
AP3 Stock Chart & Stats
€247.60
-€3.40(-1.21%)
At close: 4:00 PM EST
€247.60
-€3.40(-1.21%)
Day’s Range― - ―
52-Week Range€197.50 - €264.10
Previous CloseN/A
Volume139.00
Average Volume (3M)78.00
Market Cap
€54.61B
Enterprise Value€79.45B
Total Cash (Recent Filing)€951.00M
Total Debt (Recent Filing)€18.36B
Price to Earnings (P/E)29.9
Beta0.36
Next Earnings
Jul 30, 2026EPS Estimate
2.84Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)9.45
Shares Outstanding222,680,680
10 Day Avg. Volume77
30 Day Avg. Volume78
Financial Highlights & Ratios
PEG Ratio1.40
Price to Book (P/B)4.04
Price to Sales (P/S)5.05
P/FCF Ratio-16.14
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€283.83Price Target Upside14.63% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering15
EPS Forecast (FY)11.35
Revenue Forecast (FY)€10.95B
Bulls Say, Bears Say
Bulls Say
Backlog & Contract WinsA $9 billion backlog plus anticipated $1.5–$2.0 billion of additions and large multi‑phase electronics contracts provide multi‑year revenue visibility. For a capital‑intensive industrial gases firm, contracted backlog underpins asset utilization, phased cash flows and durable earnings contribution.
Improving Cash GenerationOperating cash flow rose to $4.1B TTM with free cash flow turning positive (~$1.1B), improving internal funding for projects and distributions. Reliable cash generation supports capex funding, reduces dependence on external financing, and strengthens long‑term balance sheet resilience.
Capital Allocation DisciplineManagement is trimming FY2026 capex by about $1B while returning $800M to shareholders in H1, signaling disciplined allocation. This prioritizes high‑return projects, preserves liquidity for strategic investments, and balances growth with shareholder returns over the medium term.
Bears Say
Elevated LeverageLeverage sits above historical levels (debt/equity ~1.18 and net debt/EBITDA ≈2.2x), while ROE is negative in the TTM. Elevated leverage reduces financial flexibility, raises refinancing and interest exposure, and is problematic when capital base is not yet generating positive returns.
Profitability VolatilityDespite strong top‑line growth, TTM EBIT and net margins are negative and FY2025 was loss‑making, indicating earnings volatility. This undermines margin sustainability and complicates long‑term planning, making durable profit compounding and return improvements uncertain across cycles.
Helium Supply & Geopolitical RiskCurtailment of helium supply from Qatar has created tight markets and a roughly 4% EPS headwind in 2026. Helium is critical for electronics and other end markets; structural supply shocks or prolonged geopolitical disruptions can impair margins, contractual performance and long‑term customer relationships.
Air Products and Chemicals News
AP3 FAQ
What was Air Products and Chemicals, Inc.’s price range in the past 12 months?
Air Products and Chemicals, Inc. lowest stock price was €197.50 and its highest was €264.10 in the past 12 months.
What is Air Products and Chemicals, Inc.’s market cap?
Air Products and Chemicals, Inc.’s market cap is €54.61B.
When is Air Products and Chemicals, Inc.’s upcoming earnings report date?
Air Products and Chemicals, Inc.’s upcoming earnings report date is Jul 30, 2026 which is in 50 days.
How were Air Products and Chemicals, Inc.’s earnings last quarter?
Air Products and Chemicals, Inc. released its earnings results on Apr 30, 2026. The company reported €2.73 earnings per share for the quarter, beating the consensus estimate of €2.61 by €0.119.
Is Air Products and Chemicals, Inc. overvalued?
According to Wall Street analysts Air Products and Chemicals, Inc.’s price is currently Undervalued.
Does Air Products and Chemicals, Inc. pay dividends?
Air Products and Chemicals, Inc. does not currently pay dividends.
What is Air Products and Chemicals, Inc.’s EPS estimate?
Air Products and Chemicals, Inc.’s EPS estimate is 2.84.
How many shares outstanding does Air Products and Chemicals, Inc. have?
Air Products and Chemicals, Inc. has 222,680,680 shares outstanding.
What happened to Air Products and Chemicals, Inc.’s price movement after its last earnings report?
Air Products and Chemicals, Inc. reported an EPS of €2.73 in its last earnings report, beating expectations of €2.61. Following the earnings report the stock price went down -0.774%.
Which hedge fund is a major shareholder of Air Products and Chemicals, Inc.?
Currently, no hedge funds are holding shares in DE:AP3
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Air Products and Chemicals Stock Smart Score
Underperform
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10
Analyst Consensus
Moderate Buy
Average Price Target:
€283.83 (14.63% Upside)
€283.83 (14.63% Upside)
Blogger Sentiment
Bullish
DE:AP3 Sentiment 70%
Sector Average ―
Sector Average ―
Insider Transactions
Sold Shares
Worth €709.9K over
the Last 3 Months
the Last 3 Months
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
1.57%
12-Months-Change
Fundamentals
Return on Equity
13.68%
Trailing 12-Months
Asset Growth
7.13%
Trailing 12-Months
Company Description
Air Products and Chemicals, Inc.
Operating globally, Air Products and Chemicals, Inc. (APD) is a prominent supplier of industrial gases, specialized equipment, and associated services. The company's diverse product range includes atmospheric gases such as oxygen, nitrogen, and argon, as well as various process gases like hydrogen, helium, carbon dioxide, carbon monoxide, and syngas. They also provide a selection of specialty gases. APD is involved in the fabrication of crucial machinery for gas production and handling, including air separation units and non-cryogenic generators. These products and services cater to a broad spectrum of industries, including but not limited to refining, chemical processing, gasification, metals production, general manufacturing, food and beverage, electronics, medical imaging, and energy generation. Moreover, the company's capabilities extend to designing and manufacturing advanced systems for air separation, hydrocarbon recovery and purification, the liquefaction of natural gas, and the secure transportation and storage of liquid helium and hydrogen. APD also engages in a strategic partnership with Baker Hughes Company to further innovate hydrogen compression systems. The firm was established in 1940 and is based in Allentown, Pennsylvania.
AP3 Company Deck
AP3 Earnings Call
Q2 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The earnings call conveyed a broadly positive operational and financial performance: material YoY growth in EPS and operating income, margin expansion, a raised full‑year guide, meaningful backlog and large new electronics wins, and disciplined capital allocation with strong shareholder returns. Offsetting these positives are significant near‑term risks driven by the Middle East conflict (notably helium supply disruption and pricing headwinds), project‑level uncertainty (Darrow) and regional cost/run‑rate pressures in Europe. On balance the call emphasized resilience, project progress and prudent financial management while acknowledging key market uncertainties.View all DE:AP3 earnings summariesAP3 Revenue Breakdown
42.58% Americas
27.17% Asia
24.79% Europe
1.13% Middle East and India
4.32% Corporate and other
AP3 Stock 12 Month Forecast
Average Price Target
€283.83
▲(14.63% Upside)
Technical Analysis
Options Prices
Currently, No data available
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