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Air Products and Chemicals Inc (APD)



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Upturn Advisory Summary
09/16/2025: APD (1-star) has a low Upturn Star Rating. Not recommended to BUY.
1 Year Target Price $324.14
1 Year Target Price $324.14
10 | Strong Buy |
5 | Buy |
8 | Hold |
1 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -9.59% | Avg. Invested days 41 | Today’s Advisory WEAK BUY |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Large-Cap Stock | Market Capitalization 65.17B USD | Price to earnings Ratio 41.48 | 1Y Target Price 324.14 |
Price to earnings Ratio 41.48 | 1Y Target Price 324.14 | ||
Volume (30-day avg) 24 | Beta 0.83 | 52 Weeks Range 242.14 - 336.92 | Updated Date 09/15/2025 |
52 Weeks Range 242.14 - 336.92 | Updated Date 09/15/2025 | ||
Dividends yield (FY) 2.43% | Basic EPS (TTM) 6.98 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 12.86% | Operating Margin (TTM) 24.3% |
Management Effectiveness
Return on Assets (TTM) 4.51% | Return on Equity (TTM) 9.34% |
Valuation
Trailing PE 41.48 | Forward PE 22.42 | Enterprise Value 81184856864 | Price to Sales(TTM) 5.4 |
Enterprise Value 81184856864 | Price to Sales(TTM) 5.4 | ||
Enterprise Value to Revenue 6.73 | Enterprise Value to EBITDA 22.12 | Shares Outstanding 222554000 | Shares Floating 221436421 |
Shares Outstanding 222554000 | Shares Floating 221436421 | ||
Percent Insiders 0.4 | Percent Institutions 94.42 |
Upturn AI SWOT
Air Products and Chemicals Inc

Company Overview
History and Background
Air Products and Chemicals, Inc. was founded in 1940. Initially focused on developing and selling oxygen generators for industrial use, the company has grown into a global leader in industrial gases and related equipment.
Core Business Areas
- Industrial Gases - Americas: Supplies atmospheric, process, and specialty gases, equipment, and services to a diverse range of customers in North and South America.
- Industrial Gases - EMEA: Provides similar products and services to customers in Europe, the Middle East, and Africa.
- Industrial Gases - Asia: Offers a comprehensive portfolio of gases, equipment, and application technologies across Asia.
Leadership and Structure
Seifi Ghasemi is the Chairman, President, and Chief Executive Officer. The company operates with a functional and regional organizational structure, with global business units and regional operating segments.
Top Products and Market Share
Key Offerings
- Atmospheric Gases (Oxygen, Nitrogen, Argon): Used in a wide range of industries, including steelmaking, chemicals, refining, and healthcare. Competitors include Linde, Air Liquide, and Messer. Market share for oxygen is approximately 22% globally across all competitors.
- Process Gases (Hydrogen, Helium, Carbon Dioxide): Essential for various industrial processes, including refining, chemicals, and electronics. Hydrogen market share is estimated to be around 20%. Competitors are the same as above.
- Equipment and Services: Includes gas production plants, engineering services, and related equipment for gas applications. Captive air separation plant systems comprise a key component.
Market Dynamics
Industry Overview
The industrial gases industry is characterized by high barriers to entry, capital intensity, and long-term contracts. Demand is driven by economic growth, industrial production, and increasing environmental regulations.
Positioning
Air Products is a leading global player with a strong focus on technology, innovation, and operational excellence. Its competitive advantages include its scale, global network, and expertise in gas applications.
Total Addressable Market (TAM)
The global industrial gases market is estimated to be over $100 billion. Air Products is well-positioned to capture a significant share of this market through its strategic investments in growth projects and its focus on high-growth regions.
Upturn SWOT Analysis
Strengths
- Global scale and network
- Strong technological capabilities
- Long-term customer relationships
- Operational excellence
- Strong balance sheet
Weaknesses
- High capital intensity
- Exposure to cyclical industries
- Dependence on energy prices
- Geographic concentration in certain regions
Opportunities
- Growing demand for industrial gases in emerging markets
- Increasing adoption of clean energy technologies (hydrogen)
- Expanding applications for industrial gases
- Strategic acquisitions and partnerships
Threats
- Economic downturns
- Increased competition
- Fluctuations in energy prices
- Geopolitical risks
- Stringent environmental regulations
Competitors and Market Share
Key Competitors
- Linde plc (LIN)
- Air Liquide (AI.PA)
- Messer Group
Competitive Landscape
Air Products differentiates itself through technology, project execution, and customer service. Linde has greater global reach while Air Liquide is often a technology leader. Air Products needs to leverage its strengths to continue growing.
Major Acquisitions
NX Filtration
- Year: 2023
- Acquisition Price (USD millions): 707
- Strategic Rationale: Expand wastewater treatment portfolio, aligning with sustainability goals.
Growth Trajectory and Initiatives
Historical Growth: Historical growth can be assessed by analyzing revenue and earnings growth over the past 5-10 years.
Future Projections: Analyst estimates can provide projections for future revenue, earnings, and EPS growth. Consensus estimates are typically available from financial data providers.
Recent Initiatives: Recent initiatives may include investments in new production facilities, acquisitions, or partnerships focused on hydrogen and other growth areas.
Summary
Air Products is a strong company with a leading position in the industrial gases market. Its operational excellence and global network are key strengths. The company should continue to focus on growth opportunities in emerging markets and clean energy technologies, while mitigating risks associated with economic cycles and geopolitical factors.
Peer Comparison
Sources and Disclaimers
Data Sources:
- SEC Filings (10-K, 10-Q)
- Company Investor Relations
- Financial News Providers (e.g., Bloomberg, Reuters)
- Analyst Reports
Disclaimers:
This analysis is based on publicly available information and is for informational purposes only. It is not financial advice and should not be used as the sole basis for making investment decisions. Market share data is based on estimates and may vary.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Air Products and Chemicals Inc
Exchange NYSE | Headquaters Allentown, PA, United States | ||
IPO Launch date 1987-01-01 | CEO & Director Mr. Eduardo F. Menezes | ||
Sector Basic Materials | Industry Specialty Chemicals | Full time employees 21850 | Website https://www.airproducts.com |
Full time employees 21850 | Website https://www.airproducts.com |
Air Products and Chemicals, Inc. provides atmospheric gases, process and specialty gases, equipment, and related services in the Americas, Asia, Europe, the Middle East, India, and internationally. The company produces atmospheric gases, including oxygen, nitrogen, and argon; process gases, such as hydrogen, helium, carbon dioxide, carbon monoxide, and syngas; and specialty gases for customers in various industries, including refining, chemical, manufacturing, electronics, energy production, medical, food, and metals. It also designs and manufactures equipment for air separation, hydrocarbon recovery and purification, natural gas liquefaction, and liquid helium and liquid hydrogen transport and storage. The company was founded in 1940 and is headquartered in Allentown, Pennsylvania.

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