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L'Air Liquide S.A. (AI.PA)

EUR177.88 +1.14 (+0.65%)
FR PAR Basic Materials Chemicals - Specialty
Address 75 quai d'Orsay 75007
Paris, FR
CEO Francois Jackow
Website airliquide.com
IPO 1913-02-20
ISIN FR0000120073

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Also trades on Deutsche Börse · AIL.DE (EUR) Euronext Paris · AI.PA (EUR) Other OTC · AIQUF (USD) Other OTC · AIQUY (USD) Vienna Stock Exchange · AI.VI (EUR)
Description

L'Air Liquide S.A. is a global entity offering crucial gases, cutting-edge technologies, and a variety of services, primarily serving industrial and healthcare sectors across Europe, the Americas, Asia Pacific, the Middle East, and Africa. The company's extensive operations are organized into three primary divisions: Gas & Services, Engineering & Construction, and Global Markets & Technologies. Within the Gas & Services division, the 'Large Industries' unit supplies essential industrial gases such as oxygen, nitrogen, argon, hydrogen, and carbon monoxide, alongside energy solutions. It also operates cogeneration plants, providing steam and electricity to heavy industries like metals, chemicals, refining, and the energy sector. The 'Industrial Merchant' business line serves a broad range of customers, including those in materials and energy, automotive and manufacturing, food and pharmaceuticals, technology and research, as well as craftsmen and retail, by supplying industrial gases, equipment, hardgoods, and associated services. The healthcare segment provides medical gases, home healthcare support, specialized medical equipment, and unique ingredients to patients, medical professionals, and hospitals. Additionally, the 'Electronics' business delivers carrier gases, advanced electronic specialty materials, equipment, and installation services to the semiconductor, flat panel, and photovoltaic industries. The Engineering & Construction segment is dedicated to the design, development, and construction of industrial gas production facilities for third parties. This division also undertakes the design and manufacturing of plants for traditional, renewable, and alternative energy applications. Lastly, the Global Markets & Technologies segment concentrates on delivering innovative technological solutions—comprising specialized molecules, equipment, and services—to advance energy transition and deep technology initiatives. Its activities include investing in and operating biomethane production units, designing hydrogen refueling stations, and providing gases for challenging offshore environments such as oil and gas platforms, offshore wind turbines, and cryogenic maritime transport. Founded in 1902, L'Air Liquide S.A. is headquartered in Paris, France.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
EUR177.88 +1.14 (+0.65%)
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Volume Profile
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Liquidity & share structure
Average Volume
950.2K
Beta
0.64
Float Shares
575.83M
Free Float %
99.8%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-2.15% -2.00% -2.73% -0.09% +7.85% +11.12% -2.37% +22.75% +54.93% +171.46% +583.61%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
177.88
DCF (Unlevered) 140.96 -20.8%
DCF (Levered) 107.74 -39.4%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 85% Bullish
Rating 2026-05 Change
Strong Buy 4 0
Buy 13 0
Hold 2 -1
Sell 0 0
Strong Sell 1 0
Quality scores
Altman Z-Score
4.85
Safe zone
Piotroski F-Score
5 / 9
Average
MOAT Score
6 / 10
Developing
Composite Rating
B+
Overall Score
3 / 5
Medium
DCF Score
4 / 5
High
ROE Score
4 / 5
High
ROA Score
5 / 5
High
D/E Score
2 / 5
Medium
P/E Score
2 / 5
Medium
P/Book Score
2 / 5
Medium
Operational MOAT
✗ Below peers
  • ✗
    Revenue growth Chemicals - Specialty: +4.7%
    -0.4% Q4'25: -3.0% (vs Q4'23)
  • ✓
    EPS growth Chemicals - Specialty: +13.2%
    +6.3% Q4'25: +26.8% (vs Q4'23)
  • ✓
    FCF margin FCF growth · Chemicals - Specialty: +44.1%
    +13.8% Q4'25: +11.3% (vs Q4'23)
  • ✓
    EBIT margin Chemicals - Specialty: +8.8%
    +20.7% ★ Q4'25: +21.5% (vs Q4'23)
  • ✗
    ROIC Chemicals - Specialty: +5.6%
    +11.1% ★ Q4'25: +22.6% (vs Q4'23)
  • ✗
    Share dilution Chemicals - Specialty: +0.1%
    +0.1% Q4'25: +0.1% (vs Q4'23)
  • ✓
    Debt / EBITDA Net debt/EBITDA · Chemicals - Specialty: 0.18×
    1.80× Q4'25: 0.89× (vs Q4'23)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
▶ WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.65) × ERP
WACC = 88% × Ke + 13% × Kd (4.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
—
Intrinsic value (base): 140.96 Current price: 177.88
Enterprise Value: — Equity Value: — Terminal Value: — TV as % of EV: —

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2011
actual 		Dec 2012
actual 		Dec 2013
actual 		Dec 2014
actual 		Dec 2015
actual 		Dec 2016
actual 		Dec 2017
actual 		Dec 2018
actual 		Dec 2019
actual 		Dec 2020
actual 		Dec 2021
actual 		Dec 2022
actual 		Dec 2023
actual 		Dec 2024
actual 		Dec 2025
actual 		Dec 2026
18 Rev. Ana.
15 EPS Ana. 		Dec 2027
18 Rev. Ana.
15 EPS Ana. 		Dec 2028
14 Rev. Ana.
9 EPS Ana. 		Dec 2029
9 Rev. Ana.
3 EPS Ana. 		Dec 2030
13 Rev. Ana.
3 EPS Ana.
Revenue
14.46B
est: 14.71B (-1.7%)
15.33B
est: 15.52B (-1.2%)
15.23B
est: 15.64B (-2.6%)
15.59B
est: 15.57B (+0.1%)
15.82B
est: 16.43B (-3.7%)
18.13B
est: 18.63B (-2.6%)
20.35B
est: 20.33B (+0.1%)
21.01B
est: 20.81B (+1.0%)
21.92B
est: 22.12B (-0.9%)
20.49B
est: 20.44B (+0.2%)
23.33B
est: 22.87B (+2.0%)
29.93B
est: 30.11B (-0.6%)
27.61B
est: 27.01B (+2.2%)
27.06B
est: 27.06B (+0.0%)
26.94B
est: 26.99B (-0.2%)
28.19B
27.40B – 29.34B
+4.5% YoY
29.49B
28.64B – 31.06B
+4.6% YoY
30.79B
30.77B – 30.82B
+4.4% YoY
32.37B
31.45B – 33.90B
+5.1% YoY
34.43B
33.45B – 36.06B
+6.4% YoY
EBITDA
3.55B
est: 3.08B (+15.2%)
3.77B
est: 3.19B (+18.1%)
3.83B
est: 3.19B (+19.9%)
3.89B
est: 3.26B (+19.4%)
4.09B
est: 3.59B (+13.9%)
4.65B
est: 4.06B (+14.5%)
4.81B
est: 4.14B (+16.3%)
5.03B
est: 3.85B (+30.8%)
5.72B
est: 4.58B (+24.7%)
5.77B
est: 4.53B (+27.4%)
6.11B
est: 4.77B (+28.0%)
6.42B
est: 4.97B (+29.2%)
6.90B
est: 9.93B (-30.5%)
7.50B
est: 9.97B (-24.7%)
8.15B
est: 9.92B (-17.9%)
10.36B
10.07B – 10.79B
+4.5% YoY
10.84B
10.53B – 11.42B
+4.6% YoY
11.32B
11.31B – 11.33B
+4.4% YoY
11.90B
11.56B – 12.46B
+5.1% YoY
12.66B
12.30B – 13.26B
+6.4% YoY
EBIT
2.39B
est: 2.47B (-3.1%)
2.54B
est: 2.57B (-1.1%)
2.59B
est: 2.56B (+1.2%)
2.65B
est: 2.60B (+2.0%)
2.73B
est: 2.84B (-3.9%)
3.06B
est: 3.11B (-1.6%)
3.04B
est: 3.33B (-8.9%)
3.27B
est: 3.08B (+6.0%)
3.58B
est: 3.50B (+2.3%)
3.63B
est: 3.42B (+6.3%)
3.94B
est: 3.60B (+9.3%)
3.95B
est: 3.75B (+5.4%)
4.42B
est: 7.22B (-38.7%)
5.00B
est: 7.24B (-31.0%)
5.58B
est: 7.21B (-22.6%)
7.53B
7.32B – 7.84B
+4.5% YoY
7.88B
7.65B – 8.30B
+4.6% YoY
8.23B
8.22B – 8.24B
+4.4% YoY
8.65B
8.40B – 9.06B
+5.1% YoY
9.20B
8.94B – 9.64B
+6.4% YoY
Net Income
1.53B
est: 1.54B (-0.2%)
1.59B
est: 1.62B (-1.6%)
1.64B
est: 1.63B (+0.8%)
1.67B
est: 1.63B (+1.9%)
1.76B
est: 1.78B (-1.5%)
1.84B
est: 2.00B (-7.7%)
2.20B
est: 2.01B (+9.5%)
2.11B
est: 2.25B (-5.9%)
2.24B
est: 2.25B (-0.4%)
2.44B
est: 2.12B (+14.7%)
2.57B
est: 2.24B (+14.9%)
2.76B
est: 3.18B (-13.1%)
3.08B
est: 3.04B (+1.3%)
3.31B
est: 3.65B (-9.3%)
3.52B
est: 3.52B (+0.0%)
3.97B
3.85B – 4.49B
+12.7% YoY
4.40B
4.09B – 4.74B
+11.0% YoY
4.82B
4.48B – 5.22B
+9.4% YoY
5.51B
5.30B – 5.84B
+14.3% YoY
6.12B
5.89B – 6.50B
+11.1% YoY
SGA
—
est: 2.61B (-100.0%)
—
est: 2.61B (-100.0%)
2.81B
est: 2.70B (+4.3%)
2.67B
est: 2.74B (-2.7%)
2.95B
est: 2.84B (+4.0%)
3.68B
est: 3.33B (+10.6%)
4.16B
est: 3.99B (+4.4%)
4.17B
est: 4.23B (-1.4%)
4.43B
est: 4.41B (+0.4%)
4.25B
est: 4.18B (+1.7%)
4.37B
est: 4.40B (-0.8%)
4.97B
est: 4.58B (+8.5%)
5.13B
est: 3.71B (+38.5%)
—
est: 3.72B (-100.0%)
3.96B
est: 3.70B (+7.0%)
3.87B
3.76B – 4.03B
+4.5% YoY
4.05B
3.93B – 4.26B
+4.6% YoY
4.23B
4.22B – 4.23B
+4.4% YoY
4.44B
4.32B – 4.65B
+5.1% YoY
4.73B
4.59B – 4.95B
+6.4% YoY
EPS
3.06
est: 3.72 (-17.7%)
3.17
est: 3.88 (-18.3%)
3.27
est: 3.93 (-16.8%)
3.31
est: 4.00 (-17.2%)
3.41
est: 3.46 (-1.4%)
3.49
est: 3.45 (+1.3%)
3.94
est: 3.56 (+10.8%)
3.71
est: 3.88 (-4.3%)
3.93
est: 4.16 (-5.6%)
4.26
est: 4.11 (+3.7%)
4.49
est: 4.62 (-2.9%)
4.80
est: 5.43 (-11.6%)
5.36
est: 5.29 (+1.4%)
5.74
est: 6.25 (-8.1%)
6.10
est: 6.40 (-4.7%)
7.05
6.68 – 7.78
+10.0% YoY
7.77
7.09 – 8.22
+10.2% YoY
8.46
7.76 – 9.05
+8.9% YoY
9.55
9.19 – 10.13
+12.9% YoY
10.61
10.22 – 11.26
+11.1% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-29 B+ 3/5 4/5 4/5 5/5 2/5 2/5 2/5
2026-05-28 B+ 3/5 4/5 4/5 5/5 2/5 2/5 2/5
2026-05-27 B+ 3/5 4/5 4/5 5/5 2/5 2/5 2/5
2026-05-26 B+ 3/5 4/5 4/5 5/5 2/5 2/5 2/5
2026-05-25 B+ 3/5 4/5 4/5 5/5 2/5 2/5 2/5
2026-05-22 B+ 3/5 4/5 4/5 5/5 2/5 2/5 2/5
2026-05-21 B+ 3/5 4/5 4/5 5/5 1/5 2/5 2/5
2026-05-20 B+ 3/5 4/5 4/5 5/5 1/5 2/5 2/5
2026-05-19 B+ 3/5 4/5 4/5 5/5 1/5 2/5 2/5
2026-05-18 B+ 3/5 4/5 4/5 5/5 1/5 2/5 2/5
2026-05-15 B+ 3/5 4/5 4/5 5/5 1/5 2/5 2/5
2026-05-14 B+ 3/5 4/5 4/5 5/5 1/5 2/5 2/5
2026-05-13 B+ 3/5 4/5 4/5 5/5 1/5 2/5 2/5
2026-05-12 B+ 3/5 4/5 4/5 5/5 1/5 2/5 2/5
2026-05-11 B+ 3/5 4/5 4/5 5/5 1/5 2/5 2/5
2026-05-08 B+ 3/5 4/5 4/5 5/5 1/5 2/5 2/5
2026-05-07 B+ 3/5 4/5 4/5 5/5 1/5 2/5 2/5
2026-05-06 B+ 3/5 4/5 4/5 5/5 1/5 2/5 2/5
2026-05-05 B+ 3/5 4/5 4/5 5/5 1/5 2/5 2/5
2026-05-04 B+ 3/5 4/5 4/5 5/5 1/5 2/5 2/5
2026-04-30 B+ 3/5 4/5 4/5 5/5 1/5 2/5 2/5
2026-04-29 B+ 3/5 4/5 4/5 5/5 1/5 2/5 2/5
2026-04-28 B+ 3/5 4/5 4/5 5/5 1/5 2/5 2/5
2026-04-27 B+ 3/5 4/5 4/5 5/5 1/5 2/5 2/5
2026-04-24 B+ 3/5 4/5 4/5 5/5 1/5 2/5 2/5
2026-04-23 B+ 3/5 4/5 4/5 5/5 1/5 2/5 2/5
2026-04-22 B+ 3/5 4/5 4/5 5/5 1/5 2/5 2/5
2026-04-21 B+ 3/5 4/5 4/5 5/5 1/5 2/5 2/5
2026-04-20 B+ 3/5 4/5 4/5 5/5 1/5 2/5 2/5
2026-04-17 B+ 3/5 4/5 4/5 5/5 1/5 2/5 2/5
2026-04-16 B+ 3/5 4/5 4/5 5/5 1/5 2/5 2/5
2026-04-15 B+ 3/5 4/5 4/5 5/5 1/5 2/5 2/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
2.09B
OE per share TTM
3.62
Owner's Yield
2.03%
Maintenance CapEx ratio
138.63%
Maint CapEx / Avg PPE
91.0%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
—
Total invested
—
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
87.0K
Shares Outstanding
577.18M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Francois Jackow Chief Executive Officer & Director 3M male
Amelia Irion Group Human Resources Vice President — female
Armelle Levieux Group Vice President of Innovation & Technology — female
Aude Rodriguez Head of Investor Relations — female
Christiane Muller Vice President of Global Markets & Technologies Activities — —
Diana Schillag Group VP & General Secretary — female
Francois Venet Senior Vice President of Large Industries & Strategy — male
Jérôme Pelletan Group VP & CFO — male
Adam Peters Chief Executive Officer of Air Liquide North America — male
Marcelo Fioranelli Group VP & CEO of Airgas — male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits

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