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Also traded in: Germany

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 : 5/10

vs
industry
vs
history
Cash to Debt 0.09
APD's Cash to Debt is ranked lower than
89% of the 1088 Companies
in the Global Chemicals industry.

( Industry Median: 0.83 vs. APD: 0.09 )
Ranked among companies with meaningful Cash to Debt only.
APD' s Cash to Debt Range Over the Past 10 Years
Min: 0.01  Med: 0.04 Max: 0.16
Current: 0.09
0.01
0.16
Equity to Asset 0.41
APD's Equity to Asset is ranked lower than
69% of the 978 Companies
in the Global Chemicals industry.

( Industry Median: 0.54 vs. APD: 0.41 )
Ranked among companies with meaningful Equity to Asset only.
APD' s Equity to Asset Range Over the Past 10 Years
Min: 0.31  Med: 0.41 Max: 0.46
Current: 0.41
0.31
0.46
Interest Coverage 15.69
APD's Interest Coverage is ranked lower than
62% of the 948 Companies
in the Global Chemicals industry.

( Industry Median: 32.56 vs. APD: 15.69 )
Ranked among companies with meaningful Interest Coverage only.
APD' s Interest Coverage Range Over the Past 10 Years
Min: 6.94  Med: 9.86 Max: 16.42
Current: 15.69
6.94
16.42
F-Score: 5
Z-Score: 3.70
M-Score: -3.01
WACC vs ROIC
8.65%
11.27%
WACC
ROIC
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 (%) 21.10
APD's Operating margin (%) is ranked higher than
92% of the 1064 Companies
in the Global Chemicals industry.

( Industry Median: 6.52 vs. APD: 21.10 )
Ranked among companies with meaningful Operating margin (%) only.
APD' s Operating margin (%) Range Over the Past 10 Years
Min: 10.25  Med: 13.85 Max: 21.1
Current: 21.1
10.25
21.1
Net-margin (%) 6.12
APD's Net-margin (%) is ranked higher than
60% of the 1066 Companies
in the Global Chemicals industry.

( Industry Median: 4.45 vs. APD: 6.12 )
Ranked among companies with meaningful Net-margin (%) only.
APD' s Net-margin (%) Range Over the Past 10 Years
Min: 6.12  Med: 10.55 Max: 12.91
Current: 6.12
6.12
12.91
ROE (%) 8.04
APD's ROE (%) is ranked higher than
51% of the 1054 Companies
in the Global Chemicals industry.

( Industry Median: 7.85 vs. APD: 8.04 )
Ranked among companies with meaningful ROE (%) only.
APD' s ROE (%) Range Over the Past 10 Years
Min: 8.04  Med: 17.39 Max: 21.59
Current: 8.04
8.04
21.59
ROA (%) 3.37
APD's ROA (%) is ranked lower than
54% of the 1091 Companies
in the Global Chemicals industry.

( Industry Median: 3.93 vs. APD: 3.37 )
Ranked among companies with meaningful ROA (%) only.
APD' s ROA (%) Range Over the Past 10 Years
Min: 3.37  Med: 7.24 Max: 8.81
Current: 3.37
3.37
8.81
ROC (Joel Greenblatt) (%) 20.85
APD's ROC (Joel Greenblatt) (%) is ranked higher than
69% of the 1084 Companies
in the Global Chemicals industry.

( Industry Median: 12.45 vs. APD: 20.85 )
Ranked among companies with meaningful ROC (Joel Greenblatt) (%) only.
APD' s ROC (Joel Greenblatt) (%) Range Over the Past 10 Years
Min: 12.57  Med: 17.14 Max: 21.46
Current: 20.85
12.57
21.46
Revenue Growth (3Y)(%) 0.60
APD's Revenue Growth (3Y)(%) is ranked lower than
55% of the 946 Companies
in the Global Chemicals industry.

( Industry Median: 2.00 vs. APD: 0.60 )
Ranked among companies with meaningful Revenue Growth (3Y)(%) only.
APD' s Revenue Growth (3Y)(%) Range Over the Past 10 Years
Min: -2.2  Med: 4.9 Max: 12.3
Current: 0.6
-2.2
12.3
EBITDA Growth (3Y)(%) 6.40
APD's EBITDA Growth (3Y)(%) is ranked lower than
54% of the 836 Companies
in the Global Chemicals industry.

( Industry Median: 8.10 vs. APD: 6.40 )
Ranked among companies with meaningful EBITDA Growth (3Y)(%) only.
APD' s EBITDA Growth (3Y)(%) Range Over the Past 10 Years
Min: -9.5  Med: 4.1 Max: 13.6
Current: 6.4
-9.5
13.6
EPS Growth (3Y)(%) 8.10
APD's EPS Growth (3Y)(%) is ranked higher than
50% of the 743 Companies
in the Global Chemicals industry.

( Industry Median: 8.20 vs. APD: 8.10 )
Ranked among companies with meaningful EPS Growth (3Y)(%) only.
APD' s EPS Growth (3Y)(%) Range Over the Past 10 Years
Min: -33.2  Med: 4.5 Max: 50.9
Current: 8.1
-33.2
50.9
» APD's 10-Y Financials

Financials (Next Earnings Date: Est. 2016-10-29)


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

» Details

Guru Trades

Q3 2015

APD Guru Trades in Q3 2015

Barrow, Hanley, Mewhinney & Strauss 7,625,459 sh (+381172.95%)
Steven Cohen 322,715 sh (+76.73%)
First Eagle Investment 450,705 sh (+67.36%)
Paul Tudor Jones 8,674 sh (+39.86%)
Chris Davis 1,783 sh (+0.56%)
Andreas Halvorsen 5,917,221 sh (+0.19%)
John Griffin 1,595,000 sh (unchged)
Mario Gabelli 4,275 sh (unchged)
Bill Ackman 20,549,076 sh (unchged)
Dodge & Cox 6,100 sh (unchged)
Ray Dalio Sold Out
Louis Moore Bacon Sold Out
Whitney Tilson 26,688 sh (-10.23%)
Jim Simons 126,500 sh (-11.23%)
Westport Asset Management 110,000 sh (-30.16%)
» More
Q4 2015

APD Guru Trades in Q4 2015

Louis Moore Bacon 25,677 sh (New)
Jim Simons 855,800 sh (+576.52%)
Paul Tudor Jones 25,484 sh (+193.80%)
Barrow, Hanley, Mewhinney & Strauss 9,349,207 sh (+22.61%)
First Eagle Investment 491,505 sh (+9.05%)
Chris Davis 1,793 sh (+0.56%)
Bill Ackman 20,549,076 sh (unchged)
Dodge & Cox 6,100 sh (unchged)
John Griffin 1,595,000 sh (unchged)
Andreas Halvorsen 5,385,451 sh (-8.99%)
Steven Cohen 246,400 sh (-23.65%)
Mario Gabelli 2,675 sh (-37.43%)
Westport Asset Management 28,500 sh (-74.09%)
» More
Q1 2016

APD Guru Trades in Q1 2016

Andreas Halvorsen 6,908,170 sh (+28.27%)
Barrow, Hanley, Mewhinney & Strauss 10,548,688 sh (+12.83%)
First Eagle Investment 526,605 sh (+7.14%)
Dodge & Cox 6,319 sh (+3.59%)
Chris Davis 1,804 sh (+0.61%)
Westport Asset Management Sold Out
Louis Moore Bacon Sold Out
Jim Simons Sold Out
John Griffin 1,594,900 sh (-0.01%)
Mario Gabelli 2,375 sh (-11.21%)
Paul Tudor Jones 21,697 sh (-14.86%)
Bill Ackman 7,601,140 sh (-63.01%)
Steven Cohen 1,300 sh (-99.47%)
» More
Q2 2016

APD Guru Trades in Q2 2016

Ray Dalio 16,500 sh (New)
Steven Cohen 371,788 sh (+28499.08%)
Chris Davis 1,815 sh (+0.61%)
Andreas Halvorsen 6,944,402 sh (+0.52%)
John Griffin 1,597,000 sh (+0.13%)
Bill Ackman 7,601,140 sh (unchged)
First Eagle Investment 526,605 sh (unchged)
Mario Gabelli 2,350 sh (-1.05%)
Dodge & Cox 6,250 sh (-1.09%)
Barrow, Hanley, Mewhinney & Strauss 10,345,549 sh (-1.93%)
Paul Tudor Jones 1,568 sh (-92.77%)
» More
» Details

Insider Trades

Latest Guru Trades with APD

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Business Description

Industry: Chemicals » Chemicals
Compare:OTCPK:LNEGY, OTCPK:SHECY, OTCPK:AIQUY, OTCPK:SVYZY, OTCPK:AHKSY, NYSE:ARG, NYSE:EMN, OTCPK:MTLHY, NYSE:CE, NYSE:ASH, OTCPK:SOMMY, NYSE:SQM, NYSE:FMC, OTCPK:FUPBY, NYSE:BAK, OTCPK:KURRY, NYSE:DOW, OTCPK:NNCHY, OTCPK:MXCHY, NYSE:HUN » details
Traded in other countries:AP3.Germany,
Air Products & Chemicals Inc is a supplier of hydrogen and helium. It also provides semiconductor materials, refinery hydrogen, natural gas liquefaction and advanced coatings and adhesives.

Air Products & Chemicals Inc was incorporated in Delaware 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 with a 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, process gases such as hydrogen and 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 and Small on-site plants. Tonnage Gases provides hydrogen, carbon monoxide, nitrogen, oxygen, and syngas to the energy production and refining, chemical, and metallurgical industries. 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 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, hydrocarbon recovery and purification, natural gas liquefaction and helium and serves energy markets.The Company is subject to federal, state, local, and foreign environmental and safety laws and regulations concerning, among other things, emissions in the air; discharges to land and water; and the generation, handling, treatment and disposal of hazardous waste and other materials.

Guru Investment Theses on Air Products & Chemicals Inc

Bill Ackman Comments on Air Products and Chemicals - Aug 29, 2016

Air Products' (NYSE:APD) recent quarterly results marked the eighth straight quarter of double-digit EPS growth as APD continues its impressive transformation under CEO Seifi Ghasemi and his team.

APD's fiscal year third quarter earnings per share of $1.92 were up 16% while currency-adjusted EPS growth was 19%. These impressive results were driven by currency-adjusted sales growth of 4% and operating margins which were up 340 basis points (bps) to 23.0%. Sales growth was driven by 4% volume growth, largely due to volume contributions from growth investments, and flat pricing. Margins increased across each major operating segment, including each region for industrial gases as well as the non-core Versum materials technology business. We believe this broad-based operating improvement is a testament to the cultural impact Seifi has had on APD along with the benefits of the company's decentralized operating model which has empowered local operating executives to drive performance and unlock the company's latent potential.

On the strength of these strong results and its near-term outlook, APD increased the lower end of its fiscal year earnings guidance by $0.05 to $7.45 to $7.55, which at the midpoint reflects 14% growth over the prior year despite modest foreign exchange headwinds.

While APD has made significant progress improving its operating margin from —15.5% to —23% since our investment, and now has a consolidated operating margin in-line with best-in-class peer Praxair, we believe that APD has additional opportunities to extract operating efficiencies. Adjusted for non-core businesses, APD's industrial gas margins remain substantially below Praxair's. Management has provided guidance which suggests that APD can extract $225 million of additional operating efficiencies over the next three years.

The company remains enthusiastic about the growth capex opportunities for large on-site air separation units and hydrogen facilities, businesses in which APD has strong leadership positions. Seifi and his team are disciplined about investing capital in growth capex projects that meet appropriate return hurdles.

Air Products' plan to sell and spin off its non-core materials technology and electronics materials businesses is also progressing as planned. Subsequent to its announced spin off of these businesses as a newly formed company named Versum, the company announced the sale of the materials technology segment of the business to Evonik for 16 times EBITDA, a price that will yield an attractive —12 times EBITDA net price for Air Products' shareholders after the company pays taxes on the gain from the sale of this business. APD is proceeding with the planned spinoff of the remaining electronics materials business in the coming months. The electronics business, which produced FY 2015 sales and EBITDA of $1 billion and $302 million, respectively, is a leading provider of materials and delivery systems equipment to the semiconductor industry and has strong secular growth prospects due to the proliferation of consumer electronics devices around the world. The electronics business has meaningfully improved its operating margins and competitive positioning under CEO Guillermo Novo and his team, and is well positioned to be a successful independent company.

Overall, we expect APD to continue to deliver double-digit EPS growth for the next several years as it extracts additional cost efficiencies, brings on-stream growth capex projects, drives organic performance, and allocates capital to acquisitions, growth capex or the repurchases of its shares in a manner which maximizes returns for investors. We believe the company's long-term outlook remains robust and its shares remain at a discount to their intrinsic value.

From Bill Ackman (Trades, Portfolio)'s mid-year 2016 letter.

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Bill Ackman Comments on Air Products and Chemicals - May 11, 2016

APD (NYSE:APD) delivered its seventh consecutive quarter of double-digit earnings-per-share (“EPS”) growth under the leadership of CEO Seifi Ghasemi, despite continued foreign exchange (“FX”) and other headwinds. In the first quarter of 2016 (APD’s fiscal 2Q), the company grew EPS by 17%, exceeding consensus estimates by a modest amount. Results were driven by a significant improvement in margins which increased 500 basis points (“bps”) during the quarter to 23.4%. Now halfway through its fiscal year, the company also increased annual EPS guidance modestly to $7.40 to $7.55 or 12% to 14% growth for Fiscal Year 2016.

While the margin improvement was impressive, the company’s volume trends reflected the current economic environment and muted global growth. Sales were $2.3 billion, down 6%, due to decreased energy pass-through (-3%) and FX headwinds (-3%). Underlying growth was flat, on flat volume and pricing. In North America and Europe, APD continued to grow price 1% to 2%, a level it has achieved since Seifi joined. APD can control pricing more than volume, so we view this as a positive sign that the company should be able to sustain modest price growth if and when global growth and volume returns.

Versum, APD’s Materials Technologies business, reported modestly increased profits. It produced a 6% decline in organic revenue due to lower equipment sales in electronics (which are often lumpy) and weak macro trends. Despite lower sales, margins increased 290 bps to 26.2% and EBIT was up 4%. This weak revenue growth and strong margin performance were consistent with recent trends.

APD’s consolidated operating income was up 20% as operating margins increased 500 bps to 23.4%. Of this increase, 460 bps reflected organic improvements while 40 bps was from lower energy pass-through to customers, (which inflates margins with no profit impact). Margins increased across all regions and businesses. Excluding Versum, industrial gas margins were ~22.7%, still ~200 bps behind Praxair’s industrial gas margins. The company intends to close this gap through a further $225 million of operating efficiencies in 2017 to 2019. Seifi stated that he is pleased with the company’s progress on capturing operating efficiencies.

The company lowered full-year capex guidance from $1.3 to $1.2 billion, due to the lower cost of specific projects in the budget. The company brought on-stream a large-scale hydrogen facility in Edmonton, Alberta, which is connected to a regional pipeline and further expands APD’s hydrogen presence in this region. APD spent $400 million on this facility which should produce ~$0.10 to 0.15 cents of earnings per share based on the Company’s guidance for returns on capital expenditures. Growth capex will continue to be an important driver of earnings growth. As the company takes a more disciplined approach to capex, which is expected to be at lower levels than under previous management, we expect returns on capital to increase, generating more capital for share repurchases and dividends.

On May 6th, APD announced that it had signed a definitive agreement to sell the Performance Materials Division (PMD) of its Materials Technologies segment to Evonik Industries AG, a world leader in specialty chemicals and materials, for $3.8 billion. APD had previously announced that it would spin off PMD with its Electronics Material Division (“EMD”) later this year. We view the sale favorably because by selling the business, APD generates cash proceeds that can be used for investment in the business or shareholder return, while eliminating market risk from the financing required for a spinoff transaction. The company will incur substantial taxes on the sale, but, in light of the high purchase price, reflecting its value to a strategic buyer, the net proceeds are likely to generate more value than could be achieved in a spinoff. APD intends to proceed with the spinoff or sale of the EMD later this year, subject to market conditions.

From Bill Ackman (Trades, Portfolio)'s first quarter shareholder letter.

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Bill Ackman Comments on Air Products and Chemicals - Sep 11, 2015

Air Products and Chemicals, Inc. (NYSE:APD)



Air Products announced impressive fiscal third quarter results. APD is making substantial improvements as the transformation under CEO Seifi Ghasemi takes effect. During the quarter, revenue, operating income, unlevered return on capital, and earnings per share increased substantially despite meaningful foreign exchange headwinds.



Most of APD’s volume growth was generated in Asia from new plants coming online. APD has made large capital expenditures in recent years which we expect, as new plants come online, to produce meaningful free cash flow and contribute substantially to intrinsic value over the coming years.



The quarter’s operating margins reached 19.5%, the highest quarterly operating margin in over 25 years. While much of Air Products’ recent margin improvement have been generated from its non-core Materials Technology business, this quarter’s results showed broad improvements in both the Industrial Gas and Materials Technology businesses.



The Materials Technology segment continues to perform well with underlying revenue up 7% (4% volume, 3% price) and margins up by six percentage points to 24.4%. This drove a 36% increase in pre-tax profits. Materials Technology is being positioned for its eventual independence from APD which we expect will take place in a spinoff or similar transaction.



Seifi has set a goal to make Air Products the safest and most profitable industrial gas company in the world. To achieve this goal, Air Products intends to reduce its cost base by $600 million to close its historical performance gap with its competitor Praxair. The cost savings associated with selling and corporate expenses are expected to total $300 million of this opportunity, and will be fully achieved on a run-rate basis by fiscal second quarter 2016 as the company has already taken action to realize much of these savings. The remaining $300 million of savings will come from operational productivity which is expected to be realized over the coming four years. This is the first time Seifi has set a definitive timeline on closing the performance gap with Praxair.



APD is an extremely high quality business run by talented management. We continue to believe there is substantial upside for long-term shareholders.



From Pershing Square's semi-annual 2015 report.



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Top Ranked Articles about Air Products & Chemicals Inc

Bill Ackman Comments on Air Products and Chemicals Guru stock highlight
Air Products' (NYSE:APD) recent quarterly results marked the eighth straight quarter of double-digit EPS growth as APD continues its impressive transformation under CEO Seifi Ghasemi and his team. Read more...
Ackman Pared His Stake in Mondelez International In 1st Quarter Guru invested in 5 million shares of Valeant
Bill Ackman (Trades, Portfolio) of Pershing Square Capital Management LP made transactions in four stocks in the first quarter, reducing his holdings in two and adding to his holdings in the others. Read more...
Pershing Square's, and Ackman’s, Less Talked About Positions Guru's low-profile stakes include Air Products, Mondelez, Canadian Pacific
If there’s one hedge fund that has grabbed more headlines than any other this quarter it's Pershing Square, and specifically, its CEO Bill Ackman (Trades, Portfolio). The activist investor has long drawn the spotlight, famously with his so-called billion-dollar short position in Herbalife Ltd. (NYSE:HLF) and, more recently, his troubled long in Valeant Pharmaceuticals International Inc. (NYSE:VRX). Read more...
Bill Ackman Comments on Air Products and Chemicals Guru stock highlight
APD (NYSE:APD) delivered its seventh consecutive quarter of double-digit earnings-per-share (“EPS”) growth under the leadership of CEO Seifi Ghasemi, despite continued foreign exchange (“FX”) and other headwinds. In the first quarter of 2016 (APD’s fiscal 2Q), the company grew EPS by 17%, exceeding consensus estimates by a modest amount. Results were driven by a significant improvement in margins which increased 500 basis points (“bps”) during the quarter to 23.4%. Now halfway through its fiscal year, the company also increased annual EPS guidance modestly to $7.40 to $7.55 or 12% to 14% growth for Fiscal Year 2016. Read more...
Notes From the Pershing Square 1st Quarter Call Summary of Ackman and Pershing's analysts comments on portfolio companies
Bill Ackman (Trades, Portfolio) of Pershing Square Capital just held his first quarter call discussing the fund’s holdings. Read more...
Westport Trims Nearly 39% of Stakes in Portfolio Air Products & Chemicals, Precision Castparts top guru's reduction list
Westport Asset Management (Trades, Portfolio) reduced 17 stakes in its portfolio in the fourth quarter. If that doesn’t sound like a lot, consider that it represents nearly 39% of the companies in Westport’s portfolio. Read more...
James Barrow Acquires Nearly 13 Million Shares of United Technologies Guru adds to stakes in Air Products & Chemicals and Whirlpool, trims stakes in Target and Microsoft
Guru James Barrow (Trades, Portfolio) is executive director for Dallas’ Barrow, Hanley, Mewhinney & Strauss and lead portfolio manager for Vanguard Windsor II and Selected Value Funds, which registered returns exceeding 42% in 2013. His third-quarter transactions tend to reflect Barrow, Hanley, Mewhinney & Strauss’ definition of value: Below-market price-to-earnings ratios, below-market price-to-book ratios and above-market dividend yields, regardless of market conditions. Read more...

Ratios

vs
industry
vs
history
P/E(ttm) 55.55
APD's P/E(ttm) is ranked lower than
84% of the 843 Companies
in the Global Chemicals industry.

( Industry Median: 18.01 vs. APD: 55.55 )
Ranked among companies with meaningful P/E(ttm) only.
APD' s P/E(ttm) Range Over the Past 10 Years
Min: 10.73  Med: 21.2 Max: 1264.71
Current: 55.55
10.73
1264.71
Forward P/E 17.86
APD's Forward P/E is ranked lower than
61% of the 97 Companies
in the Global Chemicals industry.

( Industry Median: 15.29 vs. APD: 17.86 )
Ranked among companies with meaningful Forward P/E only.
N/A
PE(NRI) 22.47
APD's PE(NRI) is ranked lower than
60% of the 840 Companies
in the Global Chemicals industry.

( Industry Median: 17.96 vs. APD: 22.47 )
Ranked among companies with meaningful PE(NRI) only.
APD' s PE(NRI) Range Over the Past 10 Years
Min: 8.96  Med: 20.12 Max: 33.19
Current: 22.47
8.96
33.19
Price/Owner Earnings (ttm) 260.71
APD's Price/Owner Earnings (ttm) is ranked lower than
96% of the 477 Companies
in the Global Chemicals industry.

( Industry Median: 17.52 vs. APD: 260.71 )
Ranked among companies with meaningful Price/Owner Earnings (ttm) only.
APD' s Price/Owner Earnings (ttm) Range Over the Past 10 Years
Min: 10.41  Med: 25.66 Max: 378.82
Current: 260.71
10.41
378.82
P/B 4.56
APD's P/B is ranked lower than
80% of the 969 Companies
in the Global Chemicals industry.

( Industry Median: 1.83 vs. APD: 4.56 )
Ranked among companies with meaningful P/B only.
APD' s P/B Range Over the Past 10 Years
Min: 1.85  Med: 3.22 Max: 4.83
Current: 4.56
1.85
4.83
P/S 3.38
APD's P/S is ranked lower than
78% of the 1043 Companies
in the Global Chemicals industry.

( Industry Median: 1.18 vs. APD: 3.38 )
Ranked among companies with meaningful P/S only.
APD' s P/S Range Over the Past 10 Years
Min: 0.94  Med: 2.02 Max: 3.6
Current: 3.38
0.94
3.6
PFCF 28.52
APD's PFCF is ranked lower than
76% of the 395 Companies
in the Global Chemicals industry.

( Industry Median: 15.67 vs. APD: 28.52 )
Ranked among companies with meaningful PFCF only.
APD' s PFCF Range Over the Past 10 Years
Min: 16.39  Med: 50.95 Max: 815.55
Current: 28.52
16.39
815.55
POCF 12.43
APD's POCF is ranked lower than
67% of the 487 Companies
in the Global Chemicals industry.

( Industry Median: 9.02 vs. APD: 12.43 )
Ranked among companies with meaningful POCF only.
APD' s POCF Range Over the Past 10 Years
Min: 5.81  Med: 12 Max: 16.1
Current: 12.43
5.81
16.1
EV-to-EBIT 17.36
APD's EV-to-EBIT is ranked lower than
57% of the 865 Companies
in the Global Chemicals industry.

( Industry Median: 14.40 vs. APD: 17.36 )
Ranked among companies with meaningful EV-to-EBIT only.
APD' s EV-to-EBIT Range Over the Past 10 Years
Min: 8.4  Med: 16 Max: 25.8
Current: 17.36
8.4
25.8
EV-to-EBITDA 12.09
APD's EV-to-EBITDA is ranked lower than
54% of the 903 Companies
in the Global Chemicals industry.

( Industry Median: 11.04 vs. APD: 12.09 )
Ranked among companies with meaningful EV-to-EBITDA only.
APD' s EV-to-EBITDA Range Over the Past 10 Years
Min: 5.5  Med: 10.05 Max: 16
Current: 12.09
5.5
16
PEG 9.70
APD's PEG is ranked lower than
84% of the 437 Companies
in the Global Chemicals industry.

( Industry Median: 2.20 vs. APD: 9.70 )
Ranked among companies with meaningful PEG only.
APD' s PEG Range Over the Past 10 Years
Min: 0.7  Med: 3.94 Max: 35.62
Current: 9.7
0.7
35.62
Shiller P/E 31.12
APD's Shiller P/E is ranked higher than
51% of the 177 Companies
in the Global Chemicals industry.

( Industry Median: 31.63 vs. APD: 31.12 )
Ranked among companies with meaningful Shiller P/E only.
APD' s Shiller P/E Range Over the Past 10 Years
Min: 18.67  Med: 30.05 Max: 45.64
Current: 31.12
18.67
45.64
Current Ratio 0.92
APD's Current Ratio is ranked lower than
86% of the 951 Companies
in the Global Chemicals industry.

( Industry Median: 1.78 vs. APD: 0.92 )
Ranked among companies with meaningful Current Ratio only.
APD' s Current Ratio Range Over the Past 10 Years
Min: 0.78  Med: 1.29 Max: 1.73
Current: 0.92
0.78
1.73
Quick Ratio 0.76
APD's Quick Ratio is ranked lower than
79% of the 951 Companies
in the Global Chemicals industry.

( Industry Median: 1.30 vs. APD: 0.76 )
Ranked among companies with meaningful Quick Ratio only.
APD' s Quick Ratio Range Over the Past 10 Years
Min: 0.59  Med: 0.99 Max: 1.35
Current: 0.76
0.59
1.35
Days Inventory 36.92
APD's Days Inventory is ranked higher than
79% of the 1024 Companies
in the Global Chemicals industry.

( Industry Median: 65.49 vs. APD: 36.92 )
Ranked among companies with meaningful Days Inventory only.
APD' s Days Inventory Range Over the Past 10 Years
Min: 26.67  Med: 34.88 Max: 41.5
Current: 36.92
26.67
41.5
Days Sales Outstanding 59.99
APD's Days Sales Outstanding is ranked higher than
52% of the 793 Companies
in the Global Chemicals industry.

( Industry Median: 60.60 vs. APD: 59.99 )
Ranked among companies with meaningful Days Sales Outstanding only.
APD' s Days Sales Outstanding Range Over the Past 10 Years
Min: 51.37  Med: 57.02 Max: 72.62
Current: 59.99
51.37
72.62

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 2.26
APD's Dividend Yield is ranked higher than
59% of the 1034 Companies
in the Global Chemicals industry.

( Industry Median: 2.05 vs. APD: 2.26 )
Ranked among companies with meaningful Dividend Yield only.
APD' s Dividend Yield Range Over the Past 10 Years
Min: 1.49  Med: 2.31 Max: 3.83
Current: 2.26
1.49
3.83
Dividend Payout 0.50
APD's Dividend Payout is ranked lower than
69% of the 710 Companies
in the Global Chemicals industry.

( Industry Median: 0.33 vs. APD: 0.50 )
Ranked among companies with meaningful Dividend Payout only.
APD' s Dividend Payout Range Over the Past 10 Years
Min: 0.18  Med: 0.4 Max: 1.92
Current: 0.5
0.18
1.92
Dividend Growth (3y) 8.60
APD's Dividend Growth (3y) is ranked higher than
59% of the 547 Companies
in the Global Chemicals industry.

( Industry Median: 5.70 vs. APD: 8.60 )
Ranked among companies with meaningful Dividend Growth (3y) only.
APD' s Dividend Growth (3y) Range Over the Past 10 Years
Min: 5.4  Med: 10.1 Max: 15.1
Current: 8.6
5.4
15.1
Forward Dividend Yield 2.33
APD's Forward Dividend Yield is ranked higher than
58% of the 999 Companies
in the Global Chemicals industry.

( Industry Median: 2.14 vs. APD: 2.33 )
Ranked among companies with meaningful Forward Dividend Yield only.
N/A
Yield on cost (5-Year) 3.76
APD's Yield on cost (5-Year) is ranked higher than
67% of the 1202 Companies
in the Global Chemicals industry.

( Industry Median: 2.42 vs. APD: 3.76 )
Ranked among companies with meaningful Yield on cost (5-Year) only.
APD' s Yield on cost (5-Year) Range Over the Past 10 Years
Min: 2.48  Med: 3.84 Max: 6.37
Current: 3.76
2.48
6.37
3-Year Average Share Buyback Ratio -0.40
APD's 3-Year Average Share Buyback Ratio is ranked higher than
64% of the 467 Companies
in the Global Chemicals industry.

( Industry Median: -1.70 vs. APD: -0.40 )
Ranked among companies with meaningful 3-Year Average Share Buyback Ratio only.
APD' s 3-Year Average Share Buyback Ratio Range Over the Past 10 Years
Min: -0.5  Med: 0.3 Max: 2
Current: -0.4
-0.5
2

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 5.93
APD's Price/Tangible Book is ranked lower than
82% of the 924 Companies
in the Global Chemicals industry.

( Industry Median: 1.93 vs. APD: 5.93 )
Ranked among companies with meaningful Price/Tangible Book only.
APD' s Price/Tangible Book Range Over the Past 10 Years
Min: 2.52  Med: 3.87 Max: 5.91
Current: 5.93
2.52
5.91
Price/Projected FCF 3.00
APD's Price/Projected FCF is ranked lower than
77% of the 491 Companies
in the Global Chemicals industry.

( Industry Median: 1.27 vs. APD: 3.00 )
Ranked among companies with meaningful Price/Projected FCF only.
APD' s Price/Projected FCF Range Over the Past 10 Years
Min: 1.22  Med: 2.17 Max: 3.53
Current: 3
1.22
3.53
Price/DCF (Earnings Based) 2.10
APD's Price/DCF (Earnings Based) is ranked lower than
69% of the 65 Companies
in the Global Chemicals industry.

( Industry Median: 1.56 vs. APD: 2.10 )
Ranked among companies with meaningful Price/DCF (Earnings Based) only.
N/A
Price/Median PS Value 1.68
APD's Price/Median PS Value is ranked lower than
71% of the 974 Companies
in the Global Chemicals industry.

( Industry Median: 1.26 vs. APD: 1.68 )
Ranked among companies with meaningful Price/Median PS Value only.
APD' s Price/Median PS Value Range Over the Past 10 Years
Min: 0.53  Med: 0.9 Max: 1.67
Current: 1.68
0.53
1.67
Price/Graham Number 2.43
APD's Price/Graham Number is ranked lower than
73% of the 680 Companies
in the Global Chemicals industry.

( Industry Median: 1.19 vs. APD: 2.43 )
Ranked among companies with meaningful Price/Graham Number only.
APD' s Price/Graham Number Range Over the Past 10 Years
Min: 1.24  Med: 1.86 Max: 5.94
Current: 2.43
1.24
5.94
Earnings Yield (Greenblatt) (%) 5.76
APD's Earnings Yield (Greenblatt) (%) is ranked higher than
54% of the 1070 Companies
in the Global Chemicals industry.

( Industry Median: 5.10 vs. APD: 5.76 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) (%) only.
APD' s Earnings Yield (Greenblatt) (%) Range Over the Past 10 Years
Min: 3.9  Med: 6.2 Max: 11.9
Current: 5.76
3.9
11.9
Forward Rate of Return (Yacktman) (%) 5.17
APD's Forward Rate of Return (Yacktman) (%) is ranked lower than
51% of the 571 Companies
in the Global Chemicals industry.

( Industry Median: 5.32 vs. APD: 5.17 )
Ranked among companies with meaningful Forward Rate of Return (Yacktman) (%) only.
APD' s Forward Rate of Return (Yacktman) (%) Range Over the Past 10 Years
Min: 2.3  Med: 6.4 Max: 16.8
Current: 5.17
2.3
16.8

More Statistics

Revenue (TTM) (Mil) $9,511
EPS (TTM) $ 2.67
Beta1.12
Short Percentage of Float1.27%
52-Week Range $114.64 - 157.84
Shares Outstanding (Mil)216.55

Analyst Estimate

Sep16 Sep17 Sep18
Revenue (Mil $) 9,507 9,651 9,970
EPS ($) 7.41 7.86 8.36
EPS w/o NRI ($) 7.41 7.86 8.36
EPS Growth Rate
(3Y to 5Y Estimate)
N/A
Dividends Per Share ($) 3.40 3.70 4.04
» More Articles for APD

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