Air Products and Chemicals Inc Stock Research

Market Summary

USD273.83+1.71

Market Closed

0.63%

APD Stock Price

APD RSI Chart

APD Valuation

Market Cap

60.8B

Price/Earnings (Trailing)

27.95

Price/Sales (Trailing)

4.63

EV/EBITDA

15.92

Price/Free Cashflow

-551.13

APD Price/Sales (Trailing)

APD Profitability

EBT Margin

21.83%

Return on Equity

16.27%

Return on Assets

8.02%

Free Cashflow Yield

-0.18%

APD Fundamentals

APD Revenue

Revenue (TTM)

13.1B

Revenue Y/Y

8.66%

Revenue Q/Q

0.8%

APD Earnings

Earnings (TTM)

2.2B

Earnings Y/Y

-17.1%

Earnings Q/Q

-23.14%

Price Action

52 Week Range

217.35327.93

(Low)(High)

Last 7 days

-1.2%

Last 30 days

-6.1%

Last 90 days

-3.1%

Trailing 12 Months

16.7%

APD Financial Health

Current Ratio

1.93

Debt/Equity

0.49

Debt/Cashflow

0.45

APD Investor Care

Dividend Yield

2.41%

Dividend/Share (TTM)

6.61

Shares Dilution (1Y)

0.14%

Diluted EPS (TTM)

9.78

Peers (Alternatives to Air Products and Chemicals)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
LIN	171.0B	33.3B	5.41%	11.33%	38.09	5.13	4.99%	11.67%
APD	60.8B	13.1B	-6.15%	16.69%	27.95	4.63	15.36%	-2.58%
ALB	23.9B	8.8B	16.03%	-13.15%	6.51	2.73	141.91%	1206.08%
FMC	15.7B	5.8B	-14.88%	-14.64%	21.26	2.7	11.45%	-4.90%
MID-CAP
EMN	10.0B	10.3B	0.98%	-22.40%	12.61	0.94	-4.67%	-15.40%
OLN	6.5B	8.8B	-8.48%	-19.97%	6.01	0.75	-7.34%	-24.77%
HUN	4.5B	7.6B	-2.62%	-27.97%	11.24	0.6	-11.52%	-66.83%
CC	4.3B	6.6B	1.60%	-31.13%	8.7	0.65	-1.62%	-34.54%
GCP	2.4B	-	1.27%	44.25%	215.39	2.37	-	-
TROX	1.8B	3.2B	-9.18%	-34.62%	3.57	0.56	-12.31%	75.61%
SMALL-CAP
MTX	1.9B	2.2B	2.09%	-10.86%	16.19	0.87	11.83%	-31.82%
LXU	1.5B	883.7M	4.65%	-51.86%	7.58	1.85	34.48%	62.20%
KRO	994.5M	1.8B	-4.07%	-53.48%	31.27	0.55	-11.96%	-78.91%
VHI	391.0M	2.1B	-15.72%	-71.22%	7.42	0.18	-12.47%	-66.60%
VNTR	31.4M	2.2B	-31.99%	-85.07%	-0.17	0.01	-1.76%	-144.59%

Financials for Air Products and Chemicals

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Revenue	2.0%	13,134	12,879	12,699	11,970	11,385
S&GA Expenses	2.7%	926	902	901	879	875
R&D Expenses	3.4%	108	104	103	98.00	96.00
EBITDA	1.4%	4,278	4,221	4,203	4,109	-
EBITDA Margin	-0.1%	0.33*	0.33*	0.35*	0.36*	-
Earnings Before Taxes	-3.2%	2,723	2,812	2,755	2,736	2,641
EBT Margin	0.6%	0.22*	0.22*	0.23*	0.23*	-
Interest Expenses	6.2%	147	139	128	129	132
Net Income	-4.0%	2,177	2,268	2,256	2,283	2,235
Net Income Margin	-0.9%	0.18*	0.18*	0.19*	0.20*	-
Free Cahsflow	-96.8%	8.00	244	284	390	-

Balance Sheet					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Assets	4.1%	29,435	28,278	27,193	27,489	27,450
Current Assets	-9.5%	5,722	6,321	6,283	6,367	6,249
Cash Equivalents	-28.4%	2,242	3,131	2,711	2,957	2,349
Inventory	1.6%	646	635	514	514	508
Net PPE	4.4%	15,698	15,039	14,161	14,132	14,095
Goodwill	0.9%	884	876	823	867	913
Liabilities	7.2%	14,745	13,761	13,490	13,273	12,939
Current Liabilities	-14.6%	2,798	3,277	3,466	3,407	3,205
. Short Term Borrowings	218.2%	7.00	2.00	11.00	207	207
Long Term Debt	21.0%	8,272	6,834	6,434	6,348	6,462
Shareholder's Equity	5.4%	14,690	13,936	13,144	13,644	14,511
Retained Earnings	0.3%	16,781	16,731	16,520	16,298	16,076
Additional Paid-In Capital	1.3%	1,163	1,148	1,141	1,131	1,121
Accumulated Depreciation	2.2%	15,053	14,733	14,000	14,217	14,625
Shares Outstanding	0.1%	222	222	222	-	-
Minority Interest	8.6%	632	582	558	572	556

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Cashflow From Operations	3.8%	3,224	3,105	3,171	3,040	3,060
Share Based Compensation	9.4%	53.00	49.00	48.00	47.00	48.00
Cashflow From Investing	-54.4%	-3,697	-2,394	-3,857	-3,259	-4,785
Cashflow From Financing	177.5%	388	-501	-1,000	-1,029	-1,703
Dividend Payments	1.9%	1,438	1,411	1,383	1,356	1,329

Risks for APD

What is the probability of a big loss on APD?

37.7%

Probability that Air Products and Chemicals stock will be more than 20% underwater in next one year

Probability that Air Products and Chemicals stock will be more than 30% underwater in next one year.

Probability that Air Products and Chemicals stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does APD drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Air Products and Chemicals was unfortunately bought at previous high price.

Drawdowns

Returns for APD

Cumulative Returns on APD

14.8%

10-Year Cumulative Returns

13.4%

7-Year Cumulative Returns

12.9%

5-Year Cumulative Returns

7.1%

3-Year Cumulative Returns

What are the long-term rolling returns for APD?

FIve years rolling returns for Air Products and Chemicals.

Annualized Returns

Which funds bought or sold APD recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-05-24	Old North State Trust, LLC	added	1.72	-5,000	102,000	0.07%
2023-05-24	Verity Asset Management, Inc.	unchanged	-	-16,083	219,428	0.13%
2023-05-23	Front Row Advisors LLC	unchanged	-	-	10,000	-%
2023-05-23	3Chopt Investment Partners, LLC	new	-	384,028	384,028	0.20%
2023-05-23	Toroso Investments, LLC	added	101	4,632,000	9,926,000	0.17%
2023-05-23	Brookfield Corp /ON/	new	-	9,974,800	9,974,800	0.04%
2023-05-22	Arete Wealth Advisors, LLC	reduced	-0.28	-773,537,000	720,000	0.06%
2023-05-22	PUTNAM INVESTMENTS LLC	added	3.19	-9,302	232,066	-%
2023-05-22	Westover Capital Advisors, LLC	reduced	-1.69	-125,980	1,374,010	0.51%
2023-05-22	FDx Advisors, Inc.	unchanged	-	-	10,618,000	0.46%

Latest Funds Activity

Are funds buying APD calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own APD

No. of Funds

Air Products and Chemicals News

Schedule 13G FIlings of Air Products and Chemicals

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 09, 2023	vanguard group inc	9.35%	20,763,782	SC 13G/A
Feb 01, 2023	blackrock inc.	6.5%	14,490,015	SC 13G/A
Jan 31, 2023	state farm mutual automobile insurance co	3.19%	7,076,281	SC 13G/A
Mar 11, 2022	blackrock inc.	6.4%	14,296,280	SC 13G/A
Feb 09, 2022	vanguard group inc	8.86%	19,637,915	SC 13G/A
Feb 08, 2022	blackrock inc.	6.4%	14,296,280	SC 13G
Feb 02, 2022	state farm mutual automobile insurance co	3.19%	7,076,781	SC 13G/A
Feb 10, 2021	vanguard group inc	8.64%	19,101,414	SC 13G/A
Feb 09, 2021	state farm mutual automobile insurance co	3.20%	7,076,927	SC 13G/A
Jan 29, 2021	blackrock inc.	7.3%	16,162,103	SC 13G/A

APD Fair Value

Air Products and Chemicals fair value in different scenarios

The table shows the Fair Value estimates for Air Products and Chemicals for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.

Fair Value	Very Pessimistic	Pessimistic	Base Case	Optimistic	Very Optimistic
Very Low Inflation	156.13 -42.98%	216.11 -21.08%	293.76 7.28%	368.53 34.58%	495.60 80.99%
Current Inflation	136.57 -50.13%	162.49 -40.66%	240.32 -12.24%	299.58 9.40%	362.51 32.39%
Very High Inflation	130.31 -52.41%	171.33 -37.43%	222.07 -18.90%	269.87 -1.45%	353.09 28.94%

Historical Air Products and Chemicals Fair Value Estimates

Very Pessimistic Case

Pessimistic Case

Fair Value

Optimistic Case

Very Optimistic Case

Closing Stock Price

Recent SEC filings of Air Products and Chemicals

View All Filings

Date Filed	Form Type	Document
May 22, 2023	8-K	Current Report
May 18, 2023	8-K	Current Report
May 09, 2023	10-Q	Quarterly Report
May 09, 2023	8-K	Current Report
Apr 03, 2023	4	Insider Trading
Apr 03, 2023	4	Insider Trading
Apr 03, 2023	4	Insider Trading
Apr 03, 2023	4	Insider Trading
Apr 03, 2023	4	Insider Trading
Apr 03, 2023	4	Insider Trading

Latest Insider Trading transactions for APD

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2022-12-20	Major Sean D	sold	-151,803	312	-485	executive vp & general counsel
2022-12-05	Major Sean D	sold (taxes)	-285,690	315	-905	executive vp & general counsel
2022-12-05	Serhan Samir	sold (taxes)	-586,533	315	-1,858	executive vp and coo
2022-12-05	Schaeffer Melissa N.	sold (taxes)	-30,305	315	-96.00	senior vice president and cfo
2022-12-05	Kutz Jeffrey	sold (taxes)	-14,837	315	-47.00	vp, controller & pao
2022-12-05	Ghasemi Seifi	sold (taxes)	-4,137,300	315	-13,106	chairman, pres. and ceo
2022-12-02	Ghasemi Seifi	sold (taxes)	-622,422	315	-1,974	chairman, pres. and ceo
2022-12-02	Ghasemi Seifi	acquired	-	-	3,785	chairman, pres. and ceo
2022-12-02	Major Sean D	sold (taxes)	-60,224	315	-191	executive vp & general counsel
2022-12-02	Serhan Samir	acquired	-	-	643	executive vp and coo

About Air Products and Chemicals

Seifollah Ghasemi

www.airproducts.com

20900

Air Products and Chemicals, Inc. provides atmospheric gases, process and specialty gases, equipment, and services worldwide. The company produces atmospheric gases, including oxygen, nitrogen, and argon; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, syngas; specialty gases; and equipment for the production or processing of gases comprising air separation units and non-cryogenic generators for customers in various industries, including refining, chemical, gasification, metals, manufacturing, food and beverage, electronics, magnetic resonance imaging, energy production and refining, and metals. It also designs and manufactures equipment for air separation, hydrocarbon recovery and purification, natural gas liquefaction, and liquid helium and liquid hydrogen transport and storage. Air Products and Chemicals, Inc. has a strategic collaboration with Baker Hughes Company to develop hydrogen compression systems. The company was founded in 1940 and is headquartered in Allentown, Pennsylvania.

APD Income Statement

2023-03-31

Consolidated Income Statements (Unaudited) - USD ($) shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2023	Mar. 31, 2022
Income Statement [Abstract]
Sales	$ 3,200.1	$ 2,945.1	$ 6,374.8	$ 5,939.3
Cost of sales	2,282.8	2,151.6	4,555.1	4,375.2
Selling and administrative expense	251.2	227.0	485.6	459.8
Research and development expense	27.2	23.7	51.6	47.0
Business and asset actions	185.6	0.0	185.6	0.0
Other income (expense), net	6.5	19.1	14.9	27.6
Operating Income	459.8	561.9	1,111.8	1,084.9
Equity affiliates' income	165.9	120.8	275.9	268.6
Interest expense	40.9	32.3	82.1	62.8
Other non-operating income (expense), net	(13.9)	9.1	(14.5)	31.7
Income Before Taxes	570.9	659.5	1,291.1	1,322.4
Income tax provision	121.0	122.7	257.4	236.0
Net Income	449.9	536.8	1,033.7	1,086.4
Less: Net income (loss) attributable to noncontrolling interests	10.1	6.3	21.7	(4.5)
Net Income Attributable to Air Products	$ 439.8	$ 530.5	$ 1,012.0	$ 1,090.9
Per Share Data
Basic earnings per share attributable to Air Products	$ 1.98	$ 2.39	$ 4.55	$ 4.91
Basic earnings per share attributable to Air Products	$ 1.97	$ 2.38	$ 4.54	$ 4.90
Weighted Average Common Shares (in millions)
Basic (in shares)	222.3	222.0	222.3	222.0
Diluted (in shares)	222.7	222.5	222.7	222.5

APD Balance Sheet

2023-03-31

Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	Mar. 31, 2023	Sep. 30, 2022
Current Assets
Cash and cash items	$ 2,242.4	$ 2,711.0
Short-term investments	271.3	590.7
Trade receivables, net	1,714.7	1,794.4
Inventories	645.6	514.2
Prepaid expenses	224.7	156.8
Other receivables and current assets	622.9	515.8
Total Current Assets	5,721.6	6,282.9
Investment in net assets of and advances to equity affiliates	4,420.2	3,353.8
Plant and equipment, at cost	30,751.8	28,160.1
Less: accumulated depreciation	15,053.4	13,999.6
Plant and equipment, net	15,698.4	14,160.5
Goodwill, net	883.9	823.0
Intangible assets, net	367.2	347.5
Operating lease right-of-use assets, net	766.9	694.8
Noncurrent lease receivables	561.7	583.1
Other noncurrent assets	1,015.5	947.0
Total Noncurrent Assets	23,713.8	20,909.7
Total Assets	29,435.4	27,192.6
Current Liabilities
Payables and accrued liabilities	2,489.3	2,771.6
Accrued income taxes	128.2	135.2
Short-term borrowings	7.0	10.7
Current portion of long-term debt	173.4	548.3
Total Current Liabilities	2,797.9	3,465.8
Long-term debt	8,271.9	6,433.8
Long-term debt – related party	688.6	652.0
Noncurrent operating lease liabilities	632.3	592.1
Other noncurrent liabilities	1,096.3	1,099.1
Deferred income taxes	1,258.2	1,247.4
Total Noncurrent Liabilities	11,947.3	10,024.4
Total Liabilities	14,745.2	13,490.2
Commitments and Contingencies - See Note 13
Air Products Shareholders’ Equity
Common stock (par value $1 per share; issued 2023 and 2022 - 249,455,584 shares)	249.4	249.4
Capital in excess of par value	1,163.4	1,141.4
Retained earnings	16,781.3	16,520.3
Accumulated other comprehensive loss	(2,163.3)	(2,786.1)
Treasury stock, at cost (2023 - 27,332,865 shares; 2022 - 27,616,888 shares)	(1,972.5)	(1,981.0)
Total Air Products Shareholders’ Equity	14,058.3	13,144.0
Noncontrolling Interests	631.9	558.4
Total Equity	14,690.2	13,702.4
Total Liabilities and Equity	$ 29,435.4	$ 27,192.6