Air Liquide (XSWX:AI1) Intrinsic Value: Projected FCF: CHF69.47 (As of Aug. 09, 2026) — 3444% Above Median

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Director of Data and Quant Analytics at GuruFocus
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XSWX:AI1 Air Liquide SA XSWX:AI1
86 GF Score
Price CHF160.00
GF Value CHF139.08
Valuation Modestly Overvalued
! 6 Warning Signs
View Full Analysis

What is Air Liquide Intrinsic Value: Projected FCF?

Air Liquide XSWX:AI1 86 Intrinsic Value: Projected FCF is CHF69.47 as of Aug. 09, 2026, which is 100% below its 10-year median of 1.96. GuruFocus rates XSWX:AI1 with a GF Score™ of 86/100 and a GF Value™ of CHF139.08 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 968 Chemicals companies, Air Liquide ranks worse than 103305.68% on this metric.

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.

As of today (2026-08-09), Air Liquide's Intrinsic Value: Projected FCF is CHF69.47. The stock price of Air Liquide is CHF160.00. Therefore, Air Liquide's Price-to-Intrinsic-Value-Projected-FCF of today is 2.3.

The historical rank and industry rank for Air Liquide's Intrinsic Value: Projected FCF or its related term are showing as below:

XSWX:AI1' s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 1.63   Med: 1.96   Max: 2.3
Current: 2.3

During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Air Liquide was 2.30. The lowest was 1.63. And the median was 1.96.

XSWX:AI1's Price-to-Projected-FCF is not ranked
in the Chemicals industry.
Industry Median: 1.335 vs XSWX:AI1: 2.30

Air Liquide  (XSWX:AI1) Intrinsic Value: Projected FCF Explanation

The growth multiple is capped between 8.35 and 17.74.

Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.

Air Liquide's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as

Price-to-Intrinsic-Value-Projected-FCF=Share Price/Intrinsic Value: Projected FCF
=160.00/69.486778028753
=2.30

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Air Liquide Intrinsic Value: Projected FCF Related Terms


Air Liquide Intrinsic Value: Projected FCF Historical Data

* Premium members only.

The historical data trend for Air Liquide's Intrinsic Value: Projected FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Air Liquide Intrinsic Value: Projected FCF Chart

Air Liquide Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Intrinsic Value: Projected FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 54.35 65.89 53.50 57.60 55.03

Air Liquide Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 Jun26
Intrinsic Value: Projected FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 57.60 0.00 55.03 0.00

XSWX:AI1 vs LIN, SHW, ECL: Intrinsic Value: Projected FCF Comparison

For the Specialty Chemicals subindustry, Air Liquide's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Air Liquide Price-to-Projected-FCF vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Air Liquide's Price-to-Projected-FCF distribution charts can be found below:

* The bar in red indicates where Air Liquide's Price-to-Projected-FCF falls into.


XSWX:AI1
86GF Score
Air Liquide SA XSWX:AI1
Intrinsic Value: Projected FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Air Liquide Intrinsic Value: Projected FCF Calculation

Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.

The details of how we calculate the intrinsic value of stocks are described in detail here.

This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + 0.8 * Total Stockholders Equity (most recent) ) / Shares Outstanding (Diluted Average)

In the case of negative Total Stockholders Equity, the following formula is used (see Explanation section below for the reason):

Intrinsic Value: Projected FCF = ( Growth Multiple * Free Cash Flow (6 year avg) + Total Stockholders Equity (most recent) / 0.8 ) / Shares Outstanding (Diluted Average)


Add all the Free Cash Flow together and divide 6 will get Air Liquide's Free Cash Flow(6 year avg) = CHF2,589.90.

Air Liquide's Intrinsic Value: Projected FCF for today is calculated as

Intrinsic Value: Projected FCF=(Growth Multiple*Free Cash Flow (6 year avg)+Total Stockholders Equity (Dec25)*0.8)/Shares Outstanding (Diluted Average)
=(9.5203515959648*2589.8981428571+24461.191*0.8)/636.462
=69.49

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Intrinsic Value: Projected FCF of CHF69.47 mean?
Air Liquide (XSWX:AI1) has a Intrinsic Value: Projected FCF of CHF69.47 as of Aug. 09, 2026. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Air Liquide and its competitors. This is 3444% above median its historical median of 1.96. Over the past decade, Air Liquide's Intrinsic Value: Projected FCF has ranged from 1.63 to 2.30. According to the industry distribution chart, Air Liquide ranks #999999 out of 968 companies in the Chemicals industry.
Is Air Liquide's Intrinsic Value: Projected FCF too high?
Air Liquide's current Intrinsic Value: Projected FCF of CHF69.47 is 3444% above median its 10-year median of 1.96. Over the past 10 years, this metric has ranged from a low of 1.63 to a high of 2.30. Based on the distribution chart, Air Liquide ranks #999999 out of 968 companies in the Chemicals industry, which is in the bottom quartile relative to peers. Overall, Air Liquide has a GF Score™ of 86/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Air Liquide's Intrinsic Value: Projected FCF compare to LIN and SHW?
According to the Chemicals industry distribution chart, Air Liquide ranks #999999 out of 968 companies for Intrinsic Value: Projected FCF. This places Air Liquide in the lower half of its industry. The industry median Intrinsic Value: Projected FCF is 1.34. Historically, Air Liquide's own Intrinsic Value: Projected FCF has ranged from 1.63 to 2.30 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Intrinsic Value: Projected FCF for a Chemicals company?
The median Intrinsic Value: Projected FCF among Chemicals companies is 1.34, based on 968 companies in the industry. Companies in the top quartile (top 25%) have a Intrinsic Value: Projected FCF significantly above this median, while those in the bottom quartile fall well below. However, Intrinsic Value: Projected FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Intrinsic Value: Projected FCF mean?
A high Intrinsic Value: Projected FCF can signal that a stock is expensive relative to its fundamentals. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Air Liquide and its competitors. For the Chemicals industry, the median Intrinsic Value: Projected FCF is 1.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Air Liquide's current Intrinsic Value: Projected FCF is CHF69.47, which is 3444% above median its own 10-year median of 1.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Air Liquide stock overvalued right now?
Based on GuruFocus' analysis, Air Liquide (XSWX:AI1) is currently considered Modestly Overvalued. The stock's GF Value™ is CHF139.08, compared to a current price of CHF160.00 — trading 15% above its estimated fair value. The current Intrinsic Value: Projected FCF is CHF69.47, which is 3444% above median its 10-year median of 1.96. Air Liquide's overall GF Score™ is 86/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Intrinsic Value: Projected FCF calculated?
Intrinsic Value: Projected FCF is calculated from a company's financial statements. For Air Liquide (XSWX:AI1), the current Intrinsic Value: Projected FCF is CHF69.47 as of Aug. 09, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Air Liquide (XSWX:AI1) Overvalued in 2026?

Based on GuruFocus' analysis, Air Liquide stock appears to be overvalued. The current stock price of CHF160.00 is trading 15% above its estimated GF Value™ of CHF139.08. GuruFocus considers Air Liquide to be Modestly Overvalued.

Key valuation signals for XSWX:AI1:

  • Intrinsic Value: Projected FCF: CHF69.47 (3444% above median its 10-year median of 1.96)
  • GF Value™: CHF139.08 vs. price of CHF160.00 (15% above fair value)
  • GF Score™: 86/100 with 6 warning signs

No single metric tells the full story. See the XSWX:AI1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Air Liquide Business Description

Address 1, Paris, FRA, 75007
Founded in 1902, Air Liquide is one of the leading industrial gas companies in the world, serving over 3.8 million customers in 78 countries. The company generated approximately EUR 27.9 billion of revenue in 2025, serving a wide range of industries, including chemicals, energy, healthcare, food and beverage, and electronics. Air Liquide employs approximately 65,000 people.
86GF Score

Get the complete analysis for XSWX:AI1

Intrinsic Value: Projected FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

CHF160.00
Price
CHF139.08
GF Value