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116.2 (1y: +7%)
Market Cap 33.72 B P/E(ttm) 21.00
Enterprise Value 42.28 B P/B 5.68
PX- NYSE (USA)
Praxair, Inc.
  • Currently 3.5/5
Business Predictability Rank: 3.5-Star (On Watch)
Back Testing Results:
Average gain of all 3.5-Star stocks: 9.3% per year.
% of Stocks that are in still loss if held for 10yrs: 9%.
Read more:
What is Predictability Rank?
Performances of real portfolio
Top Ranked Predictable Companies
$116.20
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GuruFocus Financial Strength Rank measures how strong a companyÂ’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 : 6/10

vs
industry		 vs
history
Cash to Debt 0.021
PX's Cash to Debt is ranked lower than
83% of the 1074 Companies
in the Global Diversified Industrials industry.

( Industry Median: 3.06 vs. PX: 0.021 )
PX' s 10-Year Cash to Debt Range
Min: 0   Max: 0.05
Current: 0.02
0
0.05
Equity to Asset 0.187
PX's Equity to Asset is ranked lower than
84% of the 1074 Companies
in the Global Diversified Industrials industry.

( Industry Median: 0.49 vs. PX: 0.187 )
PX' s 10-Year Equity to Asset Range
Min: 0.15   Max: 0.32
Current: 0.19
0.15
0.32
Interest Coverage 15.6
PX's Interest Coverage is ranked lower than
60% of the 1074 Companies
in the Global Diversified Industrials industry.

( Industry Median: 457.80 vs. PX: 15.6 )
PX' s 10-Year Interest Coverage Range
Min: 3   Max: 18
Current: 15.6
3
18
F-Score: 5
Z-Score: 3.15
M-Score: -2.61
GuruFocus Profitability Rank ranks how profitable a company is and how likely the companyÂ’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 : 8/10

vs
industry		 vs
history
Operating margin (%) 21.70
PX's Operating margin (%) is ranked higher than
94% of the 1074 Companies
in the Global Diversified Industrials industry.

( Industry Median: 5.70 vs. PX: 21.70 )
PX' s 10-Year Operating margin (%) Range
Min: 14   Max: 21.9
Current: 21.7
14
21.9
Net-margin (%) 15.1
PX's Net-margin (%) is ranked higher than
93% of the 1074 Companies
in the Global Diversified Industrials industry.

( Industry Median: 3.70 vs. PX: 15.1 )
PX' s 10-Year Net-margin (%) Range
Min: 7.2   Max: 15.1
Current: 15.1
7.2
15.1
ROE (%) 27.9
PX's ROE (%) is ranked higher than
97% of the 1074 Companies
in the Global Diversified Industrials industry.

( Industry Median: 5.60 vs. PX: 27.9 )
PX' s 10-Year ROE (%) Range
Min: 15.3   Max: 30.5
Current: 27.9
15.3
30.5
ROA (%) 9.4
PX's ROA (%) is ranked higher than
91% of the 1074 Companies
in the Global Diversified Industrials industry.

( Industry Median: 2.80 vs. PX: 9.4 )
PX' s 10-Year ROA (%) Range
Min: 4.7   Max: 10.2
Current: 9.4
4.7
10.2
ROC (Joel Greenblatt) (%) 19.80
PX's ROC (Joel Greenblatt) (%) is ranked higher than
71% of the 1074 Companies
in the Global Diversified Industrials industry.

( Industry Median: 10.40 vs. PX: 19.80 )
PX' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: 13.7   Max: 22.8
Current: 19.8
13.7
22.8
Revenue Growth (%) 6.7
PX's Revenue Growth (%) is ranked higher than
86% of the 1074 Companies
in the Global Diversified Industrials industry.

( Industry Median: 0.45 vs. PX: 6.7 )
PX' s 10-Year Revenue Growth (%) Range
Min: 2   Max: 10.5
Current: 6.7
2
10.5
EBITDA Growth (%) 10.1
PX's EBITDA Growth (%) is ranked higher than
91% of the 1074 Companies
in the Global Diversified Industrials industry.

( Industry Median: -0.35 vs. PX: 10.1 )
PX' s 10-Year EBITDA Growth (%) Range
Min: 2.1   Max: 11.7
Current: 10.1
2.1
11.7
EPS Growth (%) 8.8
PX's EPS Growth (%) is ranked higher than
87% of the 1074 Companies
in the Global Diversified Industrials industry.

( Industry Median: 3.40 vs. PX: 8.8 )
PX' s 10-Year EPS Growth (%) Range
Min: -1.7   Max: 15.4
Current: 8.8
-1.7
15.4
» PX's 10-Y Financials

Financials


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

» Details

Guru Trades
Q2 2012

PX Guru Trades in Q2 2012

Jim Simons 240,900 sh (New)
Ken Fisher 6,971 sh (New)
Frank Sands 6,414,718 sh (+9.97%)
Pioneer Investments 443,629 sh (+5.77%)
RS Investment Management 1,434,945 sh (+0.83%)
Ruane Cunniff 1,921,253 sh (+0.53%)
Chris Davis 2,564,522 sh (+0.1%)
Wallace Weitz 125,000 sh (unchged)
Westport Asset Management 123,000 sh (unchged)
Tom Russo 33,555 sh (-0.07%)
Jean-Marie Eveillard 267,500 sh (-0.12%)
PRIMECAP Management 1,138,494 sh (-7.98%)
Bernard Horn 18,865 sh (-26.21%)
John Burbank 121,300 sh (-57.39%)
Steven Cohen 4,570 sh (-97.94%)
» More
Q3 2012

PX Guru Trades in Q3 2012

Jeremy Grantham 35,160 sh (New)
Steven Cohen 24,605 sh (+438.4%)
PRIMECAP Management 1,406,170 sh (+23.51%)
Pioneer Investments 536,027 sh (+20.83%)
RS Investment Management 1,568,594 sh (+9.31%)
Frank Sands 6,576,215 sh (+2.52%)
Chris Davis 2,624,902 sh (+2.35%)
Westport Asset Management 123,000 sh (unchged)
Bernard Horn 18,865 sh (unchged)
Wallace Weitz 125,000 sh (unchged)
Jean-Marie Eveillard 267,500 sh (unchged)
Jim Simons Sold Out
John Burbank Sold Out
Ruane Cunniff 1,917,739 sh (-0.18%)
Ken Fisher 6,808 sh (-2.34%)
Tom Russo 30,780 sh (-8.27%)
» More
Q4 2012

PX Guru Trades in Q4 2012

Pioneer Investments 562,177 sh (+4.88%)
Frank Sands 6,821,699 sh (+3.73%)
PRIMECAP Management 1,418,170 sh (+0.85%)
Jeremy Grantham 89,200 sh (unchged)
Westport Asset Management 123,000 sh (unchged)
Wallace Weitz 125,000 sh (unchged)
Jean-Marie Eveillard 267,500 sh (unchged)
Bernard Horn 18,865 sh (unchged)
Ken Fisher Sold Out
Ruane Cunniff 1,917,048 sh (-0.04%)
Tom Russo 30,335 sh (-1.45%)
Chris Davis 2,512,693 sh (-4.27%)
RS Investment Management 519,968 sh (-66.85%)
Steven Cohen 7,109 sh (-71.11%)
» More
Q1 2013

PX Guru Trades in Q1 2013

Jim Simons 66,500 sh (New)
Ray Dalio 13,087 sh (New)
Steven Cohen 212,753 sh (+2892.73%)
Frank Sands 7,311,432 sh (+7.18%)
Ruane Cunniff 1,926,778 sh (+0.51%)
Westport Asset Management 123,000 sh (unchged)
Bernard Horn 18,865 sh (unchged)
Jean-Marie Eveillard 267,500 sh (unchged)
Wallace Weitz 125,000 sh (unchged)
Jeremy Grantham Sold Out
Tom Russo 30,260 sh (-0.25%)
Chris Davis 2,422,023 sh (-3.61%)
PRIMECAP Management 1,358,970 sh (-4.17%)
RS Investment Management 495,703 sh (-4.67%)
Pioneer Investments 345,017 sh (-38.63%)
» More
» Details

Insider Trades

Latest Guru Trades with PX

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Frank Sands 2013-03-31 Add 7.18%0.19%$109.45 - $114.18 $ 116.24%7311432
Ray Dalio 2013-03-31 New Buy0.01%$109.45 - $114.18 $ 116.24%13087
Frank Sands 2012-12-31 Add 3.73%0.11%$103.7 - $110.09 $ 116.29%6821699
Ken Fisher 2012-12-31 Sold Out 0.002%$103.7 - $110.09 $ 116.29%0
John Burbank 2012-09-30 Sold Out 0.45%$102.91 - $109.69 $ 116.29%0
PRIMECAP Management 2012-09-30 Add 23.51%0.05%$102.91 - $109.69 $ 116.29%1406170
John Burbank 2012-06-30 Reduce -57.39%0.63%$102.82 - $116.7 $ 116.26%121300
Frank Sands 2012-06-30 Add 9.97%0.29%$102.82 - $116.7 $ 116.26%6414718
Ken Fisher 2012-06-30 New Buy$102.82 - $116.7 $ 116.26%6971
Premium More recent guru trades are included for Premium Members only!!

Ratios

vs
industry		 vs
history
P/E(ttm) 21.00
PX's P/E(ttm) is ranked higher than
73% of the 1074 Companies
in the Global Diversified Industrials industry.

( Industry Median: 18.99 vs. PX: 21.00 )
PX' s 10-Year P/E(ttm) Range
Min: 10.99   Max: 27.28
Current: 21
10.99
27.28
P/B 5.68
PX's P/B is ranked lower than
86% of the 1074 Companies
in the Global Diversified Industrials industry.

( Industry Median: 1.48 vs. PX: 5.68 )
PX' s 10-Year P/B Range
Min: 2.14   Max: 6.1
Current: 5.68
2.14
6.1
P/S 3.10
PX's P/S is ranked lower than
89% of the 1074 Companies
in the Global Diversified Industrials industry.

( Industry Median: 0.75 vs. PX: 3.10 )
PX' s 10-Year P/S Range
Min: 1.04   Max: 3.19
Current: 3.1
1.04
3.19
PFCF 53.06
PX's PFCF is ranked lower than
70% of the 1074 Companies
in the Global Diversified Industrials industry.

( Industry Median: 15.61 vs. PX: 53.06 )
PX' s 10-Year PFCF Range
Min: 16.62   Max: 125.53
Current: 53.06
16.62
125.53
EV-to-EBIT 17.54
PX's EV-to-EBIT is ranked higher than
72% of the 1074 Companies
in the Global Diversified Industrials industry.

( Industry Median: 12.70 vs. PX: 17.54 )
PX' s 10-Year EV-to-EBIT Range
Min: 9.8   Max: 22.8
Current: 17.54
9.8
22.8
PEG 2.12
PX's PEG is ranked higher than
96% of the 1074 Companies
in the Global Diversified Industrials industry.

( Industry Median: 1.80 vs. PX: 2.12 )
PX' s 10-Year PEG Range
Min: 0.81   Max: 19.25
Current: 2.12
0.81
19.25
Shiller P/E 24.56
PX's Shiller P/E is ranked higher than
84% of the 1074 Companies
in the Global Diversified Industrials industry.

( Industry Median: 16.60 vs. PX: 24.56 )
PX' s 10-Year Shiller P/E Range
Min: 18.23   Max: 35.62
Current: 24.56
18.23
35.62

Dividend & Buy Back

vs
industry		 vs
history
Dividend Yield 1.94
PX's Dividend Yield is ranked higher than
71% of the 1074 Companies
in the Global Diversified Industrials industry.

( Industry Median: 1.85 vs. PX: 1.94 )
PX' s 10-Year Dividend Yield Range
Min: 1.16   Max: 2.76
Current: 1.94
1.16
2.76
Dividend Payout 0.4
PX's Dividend Payout is ranked higher than
86% of the 1074 Companies
in the Global Diversified Industrials industry.

( Industry Median: 0.66 vs. PX: 0.4 )
PX' s 10-Year Dividend Payout Range
Min: 0.21   Max: 0.47
Current: 0.4
0.21
0.47
Dividend growth (3y) 8.3
PX's Dividend growth (3y) is ranked higher than
96% of the 1074 Companies
in the Global Diversified Industrials industry.

( Industry Median: -0.20 vs. PX: 8.3 )
PX' s 10-Year Dividend growth (3y) Range
Min: 7.5   Max: 21.6
Current: 8.3
7.5
21.6
Yield on cost (5-Year) 3.28
PX's Yield on cost (5-Year) is ranked higher than
90% of the 1074 Companies
in the Global Diversified Industrials industry.

( Industry Median: 1.88 vs. PX: 3.28 )
PX' s 10-Year Yield on cost (5-Year) Range
Min: 1.9   Max: 4.53
Current: 3.28
1.9
4.53
Share Buyback Rate 0.9
PX's Share Buyback Rate is ranked higher than
95% of the 1074 Companies
in the Global Diversified Industrials industry.

( Industry Median: -0.90 vs. PX: 0.9 )
PX' s 10-Year Share Buyback Rate Range
Min: 1.3   Max: -0.7
Current: 0.9

Valuation & Return

vs
industry		 vs
history
Price/Net Current Asset Value 21.9
PX's Price/Net Current Asset Value is ranked higher than
97% of the 1074 Companies
in the Global Diversified Industrials industry.

( Industry Median: 4.80 vs. PX: 21.9 )
PX' s 10-Year Price/Net Current Asset Value Range
Min: 9.1   Max: 21.3
Current: 21.9
9.1
21.3
Price/Tangible Book 10.2
PX's Price/Tangible Book is ranked higher than
97% of the 1074 Companies
in the Global Diversified Industrials industry.

( Industry Median: 2.00 vs. PX: 10.2 )
PX' s 10-Year Price/Tangible Book Range
Min: 3   Max: 11.1
Current: 10.2
3
11.1
Price/DCF (Projected) 3
PX's Price/DCF (Projected) is ranked higher than
98% of the 1074 Companies
in the Global Diversified Industrials industry.

( Industry Median: 1.10 vs. PX: 3 )
PX' s 10-Year Price/DCF (Projected) Range
Min: 1.7   Max: 2.9
Current: 3
1.7
2.9
Price/Median PS Value 1.4
PX's Price/Median PS Value is ranked higher than
91% of the 1074 Companies
in the Global Diversified Industrials industry.

( Industry Median: 0.80 vs. PX: 1.4 )
PX' s 10-Year Price/Median PS Value Range
Min: 0.6   Max: 1.3
Current: 1.4
0.6
1.3
Price/Peter Lynch Fair Value 2.3
PX's Price/Peter Lynch Fair Value is ranked lower than
67% of the 1074 Companies
in the Global Diversified Industrials industry.

( Industry Median: 1.85 vs. PX: 2.3 )
PX' s 10-Year Price/Peter Lynch Fair Value Range
Min: 1   Max: 3.8
Current: 2.3
1
3.8
Price/Graham Number 3
PX's Price/Graham Number is ranked higher than
94% of the 1074 Companies
in the Global Diversified Industrials industry.

( Industry Median: 1.50 vs. PX: 3 )
PX' s 10-Year Price/Graham Number Range
Min: 1.6   Max: 3.2
Current: 3
1.6
3.2
Earnings Yield (Greenblatt) 5.70
PX's Earnings Yield (Greenblatt) is ranked higher than
84% of the 1074 Companies
in the Global Diversified Industrials industry.

( Industry Median: 7.10 vs. PX: 5.70 )
PX' s 10-Year Earnings Yield (Greenblatt) Range
Min: 4.4   Max: 10.2
Current: 5.7
4.4
10.2
Forward Rate of Return (Yacktman) 10.65
PX's Forward Rate of Return (Yacktman) is ranked higher than
87% of the 1074 Companies
in the Global Diversified Industrials industry.

( Industry Median: 4.32 vs. PX: 10.65 )
PX' s 10-Year Forward Rate of Return (Yacktman) Range
Min: 3.7   Max: 18.9
Current: 10.65
3.7
18.9

Business Description

Praxair, Inc. was founded in 1907 and became an independent publicly traded company in 1992. It was the first company in the United States to produce oxygen from air using a cryogenic process and continues to be a major technological innovator in the industrial gases industry. The Company's main products for its industrial gases business are atmospheric gases and process gases. It also designs, engineers and builds equipment that produces industrial gases for internal use and external sale. The company's surface technologies segment, operated through Praxair Surface Technologies, Inc., supplies wear-resistant and high-temperature corrosion-resistant metallic and ceramic coatings and powders. Praxair serves approximately 25 industries as diverse as healthcare and petroleum refining; computer-chip manufacturing and beverage carbonation; fiber-optics and steel making and aerospace, chemicals and water treatment. Atmospheric gases are the highest volume products produced by Praxair. Using air as its raw material, Praxair produces oxygen, nitrogen and argon through several air separation processes of which cryogenic air separation is the most prevalent. Praxair also led the development and commercialization of non-cryogenic air separation technologies for the production of industrial gases. These technologies open important new markets and optimize production capacity for the company by lowering the cost of supplying industrial gases. These technologies include proprietary vacuum pressure swing adsorption and membrane separation to produce gaseous oxygen and nitrogen, respectively. Praxair also manufactures precious metal and ceramic sputtering targets used mainly in the production of semiconductors. The Company's surface technologies segment supplies wear-resistant and high-temperature corrosion-resistant metallic and ceramic coatings and powders to the aircraft, printing, textile, plastics, primary metals, petrochemical and other industries. It also manufactures a complete line of electric arc, plasma and high-velocity oxygen fuel spray equipment as well as arc and flame wire equipment used for the application of wear resistant coatings. The coatings extend wear life and are applied at Praxair's facilities using a variety of thermal spray coatings processes. The coated parts are finished to the customer's precise specifications before shipment. Praxair carries inventories of merchant and cylinder gases, hardgoods and coatings materials to supply products to its customers on a reasonable delivery schedule. On-site plants and pipeline complexes have limited inventory. The Company is not dependent upon a single customer or a few customers. Praxair is a global enterprise with approximately 56% of its 2008 sales outside of the United States. Praxair's surface technologies segment has operations in Brazil, China, France, Germany, India, Italy, Japan, Singapore, South Korea, Taiwan, Spain, Switzerland and the United Kingdom. The Company ow
Company Website
SEC Reports
Industry: Diversified Industrials
Compare:UTX, MMM, ARG, AP, EMR
Traded in other countries:PXR.Germany
» More Articles for PX

Headlines

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