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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 : 8/10

vs
industry
vs
history
Cash to Debt 0.04
APD's Cash to Debt is ranked lower than
65% of the 1435 Companies
in the Global Chemicals industry.

( Industry Median: 0.50 vs. APD: 0.04 )
APD' s 10-Year Cash to Debt Range
Min: 0.01   Max: 0.16
Current: 0.04

0.01
0.16
Equity to Asset 0.42
APD's Equity to Asset is ranked higher than
55% of the 1254 Companies
in the Global Chemicals industry.

( Industry Median: 0.49 vs. APD: 0.42 )
APD' s 10-Year Equity to Asset Range
Min: 0.31   Max: 0.46
Current: 0.42

0.31
0.46
Interest Coverage 10.62
APD's Interest Coverage is ranked higher than
54% of the 793 Companies
in the Global Chemicals industry.

( Industry Median: 22.33 vs. APD: 10.62 )
APD' s 10-Year Interest Coverage Range
Min: 3.9   Max: 13.06
Current: 10.62

3.9
13.06
F-Score: 5
Z-Score: 3.59
M-Score: -2.91
WACC vs ROIC
10.84%
7.61%
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 (%) 13.13
APD's Operating margin (%) is ranked higher than
88% of the 1426 Companies
in the Global Chemicals industry.

( Industry Median: 5.82 vs. APD: 13.13 )
APD' s 10-Year Operating margin (%) Range
Min: 9.44   Max: 16.88
Current: 13.13

9.44
16.88
Net-margin (%) 9.82
APD's Net-margin (%) is ranked higher than
88% of the 1428 Companies
in the Global Chemicals industry.

( Industry Median: 3.93 vs. APD: 9.82 )
APD' s 10-Year Net-margin (%) Range
Min: 2.21   Max: 12.65
Current: 9.82

2.21
12.65
ROE (%) 13.85
APD's ROE (%) is ranked higher than
83% of the 1412 Companies
in the Global Chemicals industry.

( Industry Median: 7.83 vs. APD: 13.85 )
APD' s 10-Year ROE (%) Range
Min: 4.3   Max: 21.59
Current: 13.85

4.3
21.59
ROA (%) 5.73
APD's ROA (%) is ranked higher than
79% of the 1448 Companies
in the Global Chemicals industry.

( Industry Median: 3.85 vs. APD: 5.73 )
APD' s 10-Year ROA (%) Range
Min: 1.5   Max: 8.81
Current: 5.73

1.5
8.81
ROC (Joel Greenblatt) (%) 13.03
APD's ROC (Joel Greenblatt) (%) is ranked higher than
75% of the 1440 Companies
in the Global Chemicals industry.

( Industry Median: 10.64 vs. APD: 13.03 )
APD' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: 9.47   Max: 25.44
Current: 13.03

9.47
25.44
Revenue Growth (3Y)(%) 2.90
APD's Revenue Growth (3Y)(%) is ranked higher than
62% of the 1154 Companies
in the Global Chemicals industry.

( Industry Median: 4.20 vs. APD: 2.90 )
APD' s 10-Year Revenue Growth (3Y)(%) Range
Min: -2.2   Max: 12.3
Current: 2.9

-2.2
12.3
EBITDA Growth (3Y)(%) -0.40
APD's EBITDA Growth (3Y)(%) is ranked higher than
67% of the 1052 Companies
in the Global Chemicals industry.

( Industry Median: 0.10 vs. APD: -0.40 )
APD' s 10-Year EBITDA Growth (3Y)(%) Range
Min: -9.6   Max: 13.6
Current: -0.4

-9.6
13.6
EPS Growth (3Y)(%) -4.20
APD's EPS Growth (3Y)(%) is ranked higher than
64% of the 977 Companies
in the Global Chemicals industry.

( Industry Median: 1.60 vs. APD: -4.20 )
APD' s 10-Year EPS Growth (3Y)(%) Range
Min: -32.8   Max: 50.1
Current: -4.2

-32.8
50.1
» APD's 10-Y Financials

Financials


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

» Details

Guru Trades

Q1 2014

APD Guru Trades in Q1 2014

Bill Ackman 20,549,076 sh (unchged)
Westport Asset Management 157,500 sh (unchged)
Dodge & Cox 10,950 sh (unchged)
Paul Tudor Jones Sold Out
Jeremy Grantham Sold Out
Jim Simons 147,575 sh (-1.35%)
Whitney Tilson 31,242 sh (-3.89%)
Tom Gayner 24,000 sh (-4.00%)
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
Q2 2014

APD Guru Trades in Q2 2014

Paul Tudor Jones 4,648 sh (New)
Louis Moore Bacon 4,089 sh (New)
Whitney Tilson 32,357 sh (+3.57%)
Westport Asset Management 157,500 sh (unchged)
Dodge & Cox 10,950 sh (unchged)
Steven Cohen 8,600 sh (unchged)
Bill Ackman 20,549,076 sh (unchged)
Jim Simons Sold Out
Eric Mindich Sold Out
Tom Gayner Sold Out
Chris Davis 4,792,882 sh (-25.64%)
Diamond Hill Capital 275,346 sh (-48.38%)
Mario Gabelli 4,050 sh (-74.77%)
» More
Q3 2014

APD Guru Trades in Q3 2014

Jim Simons 223,100 sh (New)
Andreas Halvorsen 3,554,000 sh (New)
Caxton Associates 20,000 sh (New)
Steven Cohen 534,500 sh (+6115.12%)
Louis Moore Bacon 14,654 sh (+258.38%)
Paul Tudor Jones 8,847 sh (+90.34%)
Dodge & Cox 11,081 sh (+1.20%)
Westport Asset Management 157,500 sh (unchged)
Mario Gabelli 4,050 sh (unchged)
Bill Ackman 20,549,076 sh (unchged)
Diamond Hill Capital Sold Out
Whitney Tilson 30,912 sh (-4.47%)
Chris Davis 2,402 sh (-99.95%)
» More
Q4 2014

APD Guru Trades in Q4 2014

John Griffin 1,035,000 sh (New)
Louis Moore Bacon 23,824 sh (+62.58%)
Andreas Halvorsen 5,360,470 sh (+50.83%)
Steven Cohen 714,100 sh (+33.60%)
Mario Gabelli 4,050 sh (unchged)
Westport Asset Management 157,500 sh (unchged)
Bill Ackman 20,549,076 sh (unchged)
Caxton Associates Sold Out
Dodge & Cox 10,100 sh (-8.85%)
Whitney Tilson 25,682 sh (-16.92%)
Paul Tudor Jones 7,090 sh (-19.86%)
Chris Davis 1,754 sh (-26.98%)
Jim Simons 31,400 sh (-85.93%)
» More
» Details

Insider Trades

Latest Guru Trades with APD

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

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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

Ratios

vs
industry
vs
history
P/E(ttm) 31.20
APD's P/E(ttm) is ranked higher than
65% of the 1590 Companies
in the Global Chemicals industry.

( Industry Median: 30.60 vs. APD: 31.20 )
APD' s 10-Year P/E(ttm) Range
Min: 10.72   Max: 33.11
Current: 31.2

10.72
33.11
Forward P/E 21.01
APD's Forward P/E is ranked higher than
74% of the 1590 Companies
in the Global Chemicals industry.

( Industry Median: 0.00 vs. APD: 21.01 )
N/A
PE(NRI) 31.70
APD's PE(NRI) is ranked higher than
68% of the 1590 Companies
in the Global Chemicals industry.

( Industry Median: 30.10 vs. APD: 31.70 )
APD' s 10-Year PE(NRI) Range
Min: 8.92   Max: 33.19
Current: 31.7

8.92
33.19
P/B 4.40
APD's P/B is ranked lower than
55% of the 1590 Companies
in the Global Chemicals industry.

( Industry Median: 2.18 vs. APD: 4.40 )
APD' s 10-Year P/B Range
Min: 1.87   Max: 4.58
Current: 4.4

1.87
4.58
P/S 3.10
APD's P/S is ranked lower than
62% of the 1590 Companies
in the Global Chemicals industry.

( Industry Median: 1.22 vs. APD: 3.10 )
APD' s 10-Year P/S Range
Min: 0.93   Max: 3.25
Current: 3.1

0.93
3.25
PFCF 83.00
APD's PFCF is ranked higher than
65% of the 1590 Companies
in the Global Chemicals industry.

( Industry Median: 150.60 vs. APD: 83.00 )
APD' s 10-Year PFCF Range
Min: 16.34   Max: 859.46
Current: 83

16.34
859.46
POCF 15.26
APD's POCF is ranked higher than
70% of the 1590 Companies
in the Global Chemicals industry.

( Industry Median: 16.44 vs. APD: 15.26 )
APD' s 10-Year POCF Range
Min: 5.79   Max: 16.04
Current: 15.26

5.79
16.04
EV-to-EBIT 27.78
APD's EV-to-EBIT is ranked higher than
67% of the 1590 Companies
in the Global Chemicals industry.

( Industry Median: 23.17 vs. APD: 27.78 )
APD' s 10-Year EV-to-EBIT Range
Min: 9.1   Max: 29.3
Current: 27.78

9.1
29.3
PEG 7.37
APD's PEG is ranked higher than
81% of the 1590 Companies
in the Global Chemicals industry.

( Industry Median: 0.00 vs. APD: 7.37 )
APD' s 10-Year PEG Range
Min: 0.7   Max: 26.55
Current: 7.37

0.7
26.55
Shiller P/E 29.60
APD's Shiller P/E is ranked higher than
77% of the 1590 Companies
in the Global Chemicals industry.

( Industry Median: 0.00 vs. APD: 29.60 )
APD' s 10-Year Shiller P/E Range
Min: 12.55   Max: 31.24
Current: 29.6

12.55
31.24
Current Ratio 1.05
APD's Current Ratio is ranked lower than
53% of the 1268 Companies
in the Global Chemicals industry.

( Industry Median: 1.72 vs. APD: 1.05 )
APD' s 10-Year Current Ratio Range
Min: 0.85   Max: 1.73
Current: 1.05

0.85
1.73
Quick Ratio 0.81
APD's Quick Ratio is ranked higher than
52% of the 1268 Companies
in the Global Chemicals industry.

( Industry Median: 1.14 vs. APD: 0.81 )
APD' s 10-Year Quick Ratio Range
Min: 0.65   Max: 1.35
Current: 0.81

0.65
1.35
Days Inventory 33.28
APD's Days Inventory is ranked higher than
89% of the 1590 Companies
in the Global Chemicals industry.

( Industry Median: 71.97 vs. APD: 33.28 )
APD' s 10-Year Days Inventory Range
Min: 26.67   Max: 75.81
Current: 33.28

26.67
75.81
Days Sales Outstanding 49.94
APD's Days Sales Outstanding is ranked higher than
79% of the 1590 Companies
in the Global Chemicals industry.

( Industry Median: 70.48 vs. APD: 49.94 )
APD' s 10-Year Days Sales Outstanding Range
Min: 51.37   Max: 78.77
Current: 49.94

51.37
78.77

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 2.10
APD's Dividend Yield is ranked higher than
62% of the 1116 Companies
in the Global Chemicals industry.

( Industry Median: 1.72 vs. APD: 2.10 )
APD' s 10-Year Dividend Yield Range
Min: 1.49   Max: 3.83
Current: 2.1

1.49
3.83
Dividend Payout 0.65
APD's Dividend Payout is ranked higher than
65% of the 1590 Companies
in the Global Chemicals industry.

( Industry Median: 0.73 vs. APD: 0.65 )
APD' s 10-Year Dividend Payout Range
Min: 0.2   Max: 1.92
Current: 0.65

0.2
1.92
Dividend growth (3y) 10.60
APD's Dividend growth (3y) is ranked higher than
82% of the 744 Companies
in the Global Chemicals industry.

( Industry Median: 5.10 vs. APD: 10.60 )
APD' s 10-Year Dividend growth (3y) Range
Min: 5.4   Max: 15.1
Current: 10.6

5.4
15.1
Yield on cost (5-Year) 3.64
APD's Yield on cost (5-Year) is ranked higher than
75% of the 1122 Companies
in the Global Chemicals industry.

( Industry Median: 2.00 vs. APD: 3.64 )
APD' s 10-Year Yield on cost (5-Year) Range
Min: 2.58   Max: 6.63
Current: 3.64

2.58
6.63
Share Buyback Rate 0.40
APD's Share Buyback Rate is ranked higher than
84% of the 805 Companies
in the Global Chemicals industry.

( Industry Median: -0.80 vs. APD: 0.40 )
APD' s 10-Year Share Buyback Rate Range
Min: 2.1   Max: -1.4
Current: 0.4

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 5.80
APD's Price/Tangible Book is ranked lower than
53% of the 1590 Companies
in the Global Chemicals industry.

( Industry Median: 2.90 vs. APD: 5.80 )
APD' s 10-Year Price/Tangible Book Range
Min: 2.47   Max: 5.54
Current: 5.8

2.47
5.54
Price/DCF (Projected) 3.60
APD's Price/DCF (Projected) is ranked higher than
75% of the 1590 Companies
in the Global Chemicals industry.

( Industry Median: 0.00 vs. APD: 3.60 )
APD' s 10-Year Price/DCF (Projected) Range
Min: 1.22   Max: 3.53
Current: 3.6

1.22
3.53
Price/Median PS Value 1.60
APD's Price/Median PS Value is ranked higher than
56% of the 1590 Companies
in the Global Chemicals industry.

( Industry Median: 1.40 vs. APD: 1.60 )
APD' s 10-Year Price/Median PS Value Range
Min: 0.56   Max: 1.56
Current: 1.6

0.56
1.56
Price/Graham Number 2.80
APD's Price/Graham Number is ranked higher than
67% of the 1590 Companies
in the Global Chemicals industry.

( Industry Median: 3.50 vs. APD: 2.80 )
APD' s 10-Year Price/Graham Number Range
Min: 1.21   Max: 5.85
Current: 2.8

1.21
5.85
Earnings Yield (Greenblatt) 3.60
APD's Earnings Yield (Greenblatt) is ranked higher than
60% of the 1421 Companies
in the Global Chemicals industry.

( Industry Median: 5.00 vs. APD: 3.60 )
APD' s 10-Year Earnings Yield (Greenblatt) Range
Min: 3.4   Max: 11
Current: 3.6

3.4
11
Forward Rate of Return (Yacktman) 2.36
APD's Forward Rate of Return (Yacktman) is ranked higher than
69% of the 796 Companies
in the Global Chemicals industry.

( Industry Median: 4.72 vs. APD: 2.36 )
APD' s 10-Year Forward Rate of Return (Yacktman) Range
Min: 2.3   Max: 16.7
Current: 2.36

2.3
16.7

Analyst Estimate

Sep15 Sep16 Sep17
Revenue(Mil) 10,634 11,273 11,727
EPS($) 6.48 7.21 8.10
EPS without NRI($) 6.48 7.21 8.10

Business Description

Industry: Chemicals » Chemicals
Compare:BASFY, DD, SHECY, URALL, CE » details
Traded in other countries:AP3.Germany,
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.
» More Articles for APD

Headlines

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