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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 7/10

vs
industry
vs
history
Cash to Debt 0.06
APD's Cash to Debt is ranked lower than
65% of the 1011 Companies
in the Global Chemicals industry.

( Industry Median: 0.76 vs. APD: 0.06 )
APD' s 10-Year Cash to Debt Range
Min: 0.01   Max: 0.16
Current: 0.06

0.01
0.16
Equity to Asset 0.41
APD's Equity to Asset is ranked higher than
50% of the 1004 Companies
in the Global Chemicals industry.

( Industry Median: 0.52 vs. APD: 0.41 )
APD' s 10-Year Equity to Asset Range
Min: 0.31   Max: 0.46
Current: 0.41

0.31
0.46
Interest Coverage 9.34
APD's Interest Coverage is ranked higher than
55% of the 628 Companies
in the Global Chemicals industry.

( Industry Median: 22.80 vs. APD: 9.34 )
APD' s 10-Year Interest Coverage Range
Min: 3.9   Max: 13.06
Current: 9.34

3.9
13.06
F-Score: 4
Z-Score: 3.13
M-Score: -2.73
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 7/10

vs
industry
vs
history
Operating margin (%) 13.01
APD's Operating margin (%) is ranked higher than
90% of the 959 Companies
in the Global Chemicals industry.

( Industry Median: 5.92 vs. APD: 13.01 )
APD' s 10-Year Operating margin (%) Range
Min: 9.44   Max: 16.88
Current: 13.01

9.44
16.88
Net-margin (%) 9.77
APD's Net-margin (%) is ranked higher than
87% of the 960 Companies
in the Global Chemicals industry.

( Industry Median: 3.83 vs. APD: 9.77 )
APD' s 10-Year Net-margin (%) Range
Min: 2.21   Max: 12.65
Current: 9.77

2.21
12.65
ROE (%) 14.12
APD's ROE (%) is ranked higher than
90% of the 954 Companies
in the Global Chemicals industry.

( Industry Median: 6.94 vs. APD: 14.12 )
APD' s 10-Year ROE (%) Range
Min: 4.4   Max: 21.12
Current: 14.12

4.4
21.12
ROA (%) 5.57
APD's ROA (%) is ranked higher than
80% of the 964 Companies
in the Global Chemicals industry.

( Industry Median: 3.52 vs. APD: 5.57 )
APD' s 10-Year ROA (%) Range
Min: 1.5   Max: 8.57
Current: 5.57

1.5
8.57
ROC (Joel Greenblatt) (%) 13.31
APD's ROC (Joel Greenblatt) (%) is ranked higher than
75% of the 959 Companies
in the Global Chemicals industry.

( Industry Median: 11.60 vs. APD: 13.31 )
APD' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: 9.24   Max: 19.68
Current: 13.31

9.24
19.68
Revenue Growth (%) 4.90
APD's Revenue Growth (%) is ranked higher than
69% of the 866 Companies
in the Global Chemicals industry.

( Industry Median: 4.50 vs. APD: 4.90 )
APD' s 10-Year Revenue Growth (%) Range
Min: -2.2   Max: 12.3
Current: 4.9

-2.2
12.3
EBITDA Growth (%) 1.00
APD's EBITDA Growth (%) is ranked higher than
67% of the 790 Companies
in the Global Chemicals industry.

( Industry Median: 1.50 vs. APD: 1.00 )
APD' s 10-Year EBITDA Growth (%) Range
Min: -9.6   Max: 13.6
Current: 1

-9.6
13.6
EPS Growth (%) -0.10
APD's EPS Growth (%) is ranked higher than
68% of the 717 Companies
in the Global Chemicals industry.

( Industry Median: 1.50 vs. APD: -0.10 )
APD' s 10-Year EPS Growth (%) Range
Min: -32.8   Max: 50.1
Current: -0.1

-32.8
50.1
» APD's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q2 2013

APD Guru Trades in Q2 2013

John Burbank 65,362 sh (New)
Bill Ackman 10,095,708 sh (New)
Steven Cohen 8,412 sh (+156.85%)
Chris Davis 7,226,703 sh (+8.67%)
Mario Gabelli 41,204 sh (+2.99%)
Westport Asset Management 157,500 sh (unchged)
Dodge & Cox 10,950 sh (unchged)
Meridian Funds 113,100 sh (unchged)
Paul Tudor Jones Sold Out
Sarah Ketterer 378,000 sh (-0.13%)
Tom Gayner 26,000 sh (-1.52%)
Diamond Hill Capital 825,781 sh (-9.67%)
Manning & Napier Advisors, Inc 10,280 sh (-99.24%)
» More
Q3 2013

APD Guru Trades in Q3 2013

Bill Gates 963,279 sh (New)
Whitney Tilson 35,000 sh (New)
Louis Moore Bacon 43,427 sh (New)
Steven Cohen 1,451,290 sh (+17152.6%)
Bill Ackman 20,545,284 sh (+103.51%)
Dodge & Cox 10,950 sh (unchged)
Whitney Tilson 15,000 sh (unchged)
Westport Asset Management 157,500 sh (unchged)
Steven Cohen 90,000 sh (unchged)
Manning & Napier Advisors, Inc Sold Out
John Burbank Sold Out
Sarah Ketterer Sold Out
Chris Davis 7,188,588 sh (-0.53%)
Diamond Hill Capital 815,936 sh (-1.19%)
Tom Gayner 25,000 sh (-3.85%)
Mario Gabelli 38,866 sh (-5.67%)
» More
Q4 2013

APD Guru Trades in Q4 2013

Paul Tudor Jones 6,799 sh (New)
Jeremy Grantham 10,700 sh (New)
Eric Mindich 686,031 sh (New)
Jim Simons 149,600 sh (New)
Bill Ackman 20,549,076 sh (+0.02%)
Eric Mindich 500,000 sh (unchged)
Dodge & Cox 10,950 sh (unchged)
Westport Asset Management 157,500 sh (unchged)
Tom Gayner 25,000 sh (unchged)
Louis Moore Bacon Sold Out
Bill Gates Sold Out
Diamond Hill Capital 807,886 sh (-0.99%)
Chris Davis 7,100,817 sh (-1.22%)
Whitney Tilson 32,505 sh (-7.13%)
Mario Gabelli 33,550 sh (-13.68%)
Steven Cohen 854,981 sh (-41.09%)
» More
Q1 2014

APD Guru Trades in Q1 2014

Dodge & Cox 10,950 sh (unchged)
Westport Asset Management 157,500 sh (unchged)
Bill Ackman 20,549,076 sh (unchged)
Jeremy Grantham Sold Out
Paul Tudor Jones Sold Out
Jim Simons 147,575 sh (-1.35%)
Whitney Tilson 31,242 sh (-3.89%)
Tom Gayner 24,000 sh (-4%)
Chris Davis 6,445,624 sh (-9.23%)
Eric Mindich 486,031 sh (-29.15%)
Diamond Hill Capital 533,398 sh (-33.98%)
Mario Gabelli 16,050 sh (-52.16%)
Steven Cohen 95,947 sh (-88.78%)
» More
» Details

Insider Trades

Latest Guru Trades with APD

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Mario Gabelli 2014-03-31 Reduce -52.16%0.01%$103.75 - $122.51 $ 130.3314%16050
John Burbank 2013-09-30 Sold Out 0.2%$90.75 - $110.02 $ 130.3327%0
John Burbank 2013-06-30 New Buy0.2%$84.28 - $96.58 $ 130.3343%65362
Meridian Funds 2013-03-31 Add 29.41%0.08%$84.02 - $90.17 $ 130.3349%113100
Meridian Funds 2012-12-31 New Buy0.29%$77.09 - $85.75 $ 130.3359%87400
Tom Gayner 2012-09-30 Add 75.32%0.04%$77.73 - $85.45 $ 130.3359%27700
Tom Gayner 2012-06-30 Add 464.29%0.05%$76.61 - $91.98 $ 130.3357%15800
Tom Gayner 2012-03-31 Reduce -41.67%0.01%$86.32 - $92.06 $ 130.3356%2800
Mario Gabelli 2012-03-31 Add 51.94%0.01%$86.32 - $92.06 $ 130.3356%31908
Mario Gabelli 2011-12-31 Reduce -37.5%0.01%$73.87 - $89.41 $ 130.3357%21000
Ray Dalio 2011-09-30 Sold Out 0.01%$74.8 - $97.79 $ 130.3354%0
Premium More recent guru trades are included for Premium Members only!!
» Interactive Charts

Peter Lynch Chart ( What is Peter Lynch Charts )

Guru Investment Theses on Air Products & Chemicals Inc

Bill Ackman Comments on Air Products - Oct 04, 2013

We began a productive, private dialogue with Air Products (APD) and its Board shortly after our July31, 2013 Schedule 13D filing and reached an agreement with the Company on September 24th.

As part of the agreement, John McGlade, Chairman and CEO, announced his plan to retire by June 30, 2014, and the Company committed to launch a CEO search promptly. Three new directors – Pershing Square Advisory Board member Matt Paull (former CFO of McDonald's), Seifi Ghasemi (Chairman and CEO of Rockwood Holdings and a former industrial gas executive at British Oxygen Corporation), and Edward Monser (President and Chief Operating Officer of Emerson Electric) will join the board replacing three retiring directors.

Matt Paull and Seifi Ghasemi will serve on the search committee along with four existing Air Products directors.We have high expectations for the future of Air Products and are delighted that we could come to an agreement with the Company promptly in light of John McGlade's and the board's collaborative approach.

From Bill Ackman's Pershing Square third quarter 2013 investor letter.

Check out Bill Ackman latest stock trades

Top Ranked Articles about Air Products & Chemicals Inc

Whitney Tilson's Top 5 New Buys
Fund manager Whitney Tilson and his partners added 11 new stocks to his portfolio of 40 stocks in the third quarter, the largest of which are: Air Products & Chemicals (APD), Google Inc. (GOOG), Belo Corporation (BLC), rue21 Inc. (RUE) and SAExploration Holdings Inc. (SAEX). According to a message from Whitney Tilson himself, of the top 5 new buys, only one is his: APD. Read more...
Bill Ackman Comments on Air Products
We began a productive, private dialogue with Air Products (APD) and its Board shortly after our July31, 2013 Schedule 13D filing and reached an agreement with the Company on September 24th. Read more...
Bill Ackman's $2.2 Billion Bet on Air Products
Earlier this summer, Bill Ackman started canvassing investors for additional funds with the intent of targeting a single stock, and the speculation to what company this would be grew rampant. First it was FedEX (FDX), but then attention switched to the residential security business ADT Corporation (ADT). Then, as it was reported this morning, Ackman’s target would be Air Products (APD). Read more...

Ratios

vs
industry
vs
history
P/E(ttm) 27.90
APD's P/E(ttm) is ranked higher than
65% of the 1045 Companies
in the Global Chemicals industry.

( Industry Median: 23.20 vs. APD: 27.90 )
APD' s 10-Year P/E(ttm) Range
Min: 10.72   Max: 30.76
Current: 27.9

10.72
30.76
P/B 3.70
APD's P/B is ranked lower than
55% of the 1045 Companies
in the Global Chemicals industry.

( Industry Median: 1.77 vs. APD: 3.70 )
APD' s 10-Year P/B Range
Min: 1.87   Max: 3.92
Current: 3.7

1.87
3.92
P/S 2.70
APD's P/S is ranked lower than
54% of the 1045 Companies
in the Global Chemicals industry.

( Industry Median: 1.05 vs. APD: 2.70 )
APD' s 10-Year P/S Range
Min: 0.93   Max: 2.72
Current: 2.7

0.93
2.72
PFCF 77.10
APD's PFCF is ranked higher than
69% of the 1045 Companies
in the Global Chemicals industry.

( Industry Median: 55.37 vs. APD: 77.10 )
APD' s 10-Year PFCF Range
Min: 16.34   Max: 859.46
Current: 77.1

16.34
859.46
EV-to-EBIT 25.06
APD's EV-to-EBIT is ranked higher than
65% of the 1045 Companies
in the Global Chemicals industry.

( Industry Median: 18.26 vs. APD: 25.06 )
APD' s 10-Year EV-to-EBIT Range
Min: 9.1   Max: 26.1
Current: 25.06

9.1
26.1
PEG 4.80
APD's PEG is ranked higher than
75% of the 1045 Companies
in the Global Chemicals industry.

( Industry Median: 14.33 vs. APD: 4.80 )
APD' s 10-Year PEG Range
Min: 0.7   Max: 8.5
Current: 4.8

0.7
8.5
Shiller P/E 26.90
APD's Shiller P/E is ranked higher than
84% of the 1045 Companies
in the Global Chemicals industry.

( Industry Median: 9999.00 vs. APD: 26.90 )
APD' s 10-Year Shiller P/E Range
Min: 12.48   Max: 31.34
Current: 26.9

12.48
31.34
Current Ratio 1.06
APD's Current Ratio is ranked lower than
55% of the 1008 Companies
in the Global Chemicals industry.

( Industry Median: 1.78 vs. APD: 1.06 )
APD' s 10-Year Current Ratio Range
Min: 0.85   Max: 1.73
Current: 1.06

0.85
1.73
Quick Ratio 0.85
APD's Quick Ratio is ranked higher than
50% of the 1008 Companies
in the Global Chemicals industry.

( Industry Median: 1.21 vs. APD: 0.85 )
APD' s 10-Year Quick Ratio Range
Min: 0.65   Max: 1.35
Current: 0.85

0.65
1.35

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 2.30
APD's Dividend Yield is ranked higher than
71% of the 803 Companies
in the Global Chemicals industry.

( Industry Median: 1.58 vs. APD: 2.30 )
APD' s 10-Year Dividend Yield Range
Min: 1.49   Max: 3.83
Current: 2.3

1.49
3.83
Dividend Payout 0.61
APD's Dividend Payout is ranked higher than
84% of the 1045 Companies
in the Global Chemicals industry.

( Industry Median: 9999.00 vs. APD: 0.61 )
APD' s 10-Year Dividend Payout Range
Min: 0.2   Max: 1.92
Current: 0.61

0.2
1.92
Dividend growth (3y) 13.00
APD's Dividend growth (3y) is ranked higher than
86% of the 523 Companies
in the Global Chemicals industry.

( Industry Median: 4.20 vs. APD: 13.00 )
APD' s 10-Year Dividend growth (3y) Range
Min: 5.4   Max: 15.1
Current: 13

5.4
15.1
Yield on cost (5-Year) 4.05
APD's Yield on cost (5-Year) is ranked higher than
83% of the 808 Companies
in the Global Chemicals industry.

( Industry Median: 1.90 vs. APD: 4.05 )
APD' s 10-Year Yield on cost (5-Year) Range
Min: 2.63   Max: 6.75
Current: 4.05

2.63
6.75
Share Buyback Rate 0.70
APD's Share Buyback Rate is ranked higher than
85% of the 603 Companies
in the Global Chemicals industry.

( Industry Median: -0.80 vs. APD: 0.70 )
APD' s 10-Year Share Buyback Rate Range
Min: 2.1   Max: -1.4
Current: 0.7

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 5.40
APD's Price/Tangible Book is ranked lower than
54% of the 1045 Companies
in the Global Chemicals industry.

( Industry Median: 2.08 vs. APD: 5.40 )
APD' s 10-Year Price/Tangible Book Range
Min: 2.38   Max: 5.24
Current: 5.4

2.38
5.24
Price/DCF (Projected) 3.10
APD's Price/DCF (Projected) is ranked higher than
81% of the 1045 Companies
in the Global Chemicals industry.

( Industry Median: 9999.00 vs. APD: 3.10 )
APD' s 10-Year Price/DCF (Projected) Range
Min: 1.22   Max: 3.53
Current: 3.1

1.22
3.53
Price/Median PS Value 1.50
APD's Price/Median PS Value is ranked higher than
50% of the 1045 Companies
in the Global Chemicals industry.

( Industry Median: 1.10 vs. APD: 1.50 )
APD' s 10-Year Price/Median PS Value Range
Min: 0.58   Max: 1.33
Current: 1.5

0.58
1.33
Price/Graham Number 2.50
APD's Price/Graham Number is ranked higher than
61% of the 1045 Companies
in the Global Chemicals industry.

( Industry Median: 1.80 vs. APD: 2.50 )
APD' s 10-Year Price/Graham Number Range
Min: 1.21   Max: 5.85
Current: 2.5

1.21
5.85
Earnings Yield (Greenblatt) 4.00
APD's Earnings Yield (Greenblatt) is ranked higher than
57% of the 909 Companies
in the Global Chemicals industry.

( Industry Median: 6.40 vs. APD: 4.00 )
APD' s 10-Year Earnings Yield (Greenblatt) Range
Min: 3.8   Max: 11
Current: 4

3.8
11
Forward Rate of Return (Yacktman) 4.49
APD's Forward Rate of Return (Yacktman) is ranked higher than
71% of the 736 Companies
in the Global Chemicals industry.

( Industry Median: 7.11 vs. APD: 4.49 )
APD' s 10-Year Forward Rate of Return (Yacktman) Range
Min: 4.5   Max: 16.3
Current: 4.49

4.5
16.3

Business Description

Industry: Chemicals » Chemicals
Compare:BASFY, DD, SHECY, URALL, CE » details
Traded in other countries:AP3.Germany
Air Products and Chemicals, Inc. is a Delaware corporation originally founded in 1940. The Company is a supplier of hydrogen and helium. It also provides semiconductor materials, refinery hydrogen, natural gas liquefaction, and advanced coatings and adhesives. It serves technology, energy, industrial, and healthcare customers globally with a unique portfolio of products, services, and solutions that include atmospheric gases, process and specialty gases, performance materials, equipment, and services. It manages its operations, assesses performance, and reports earnings under four business segments: Merchant Gases; Tonnage Gases; Electronics and Performance Materials; and Equipment and Energy. Merchant Gases sells atmospheric gases such as oxygen, nitrogen, and argon (primarily recovered by the cryogenic distillation of air); process gases such as hydrogen and helium (purchased or refined from crude helium); and medical and specialty gases, along with certain services and equipment, throughout the world to customers in many industries, including those in metals, glass, chemical processing, food processing, healthcare, steel, general manufacturing, and petroleum and natural gas industries. Merchant Gases includes the following types of products: Liquid bulk, Packaged gases, Small on-site plants, and Healthcare products. Tonnage Gases provides hydrogen, carbon monoxide, nitrogen, oxygen, and syngas principally to the energy production and refining, chemical, and metallurgical industries worldwide. Electronics and Performance Materials segment provides the electronics industry with specialty gases (such as nitrogen trifluoride, silane, arsine, phosphine, white ammonia, silicon tetrafluoride, carbon tetrafluoride, hexafluoromethane, critical etch gases, and tungsten hexafluoride) as well as tonnage gases (primarily nitrogen), specialty chemicals, services, and equipment for the manufacture of silicon and compound semiconductors, thin film transistor liquid crystal displays, and photovoltaic devices. Equipment and Energy designs and manufactures cryogenic and gas processing equipment for air separation (utilizing membrane technology and adsorption technology), hydrocarbon recovery and purification, natural gas liquefaction (LNG), and helium distribution (cryogenic transportation containers), and serves energy markets in a variety of ways. The Company faces strong competition from several large, global competitors and many smaller regional ones in all of its business segments. The Company is subject to various environmental laws and regulations in the countries in which it has operations.
» More Articles for APD

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