AIR LIQUIDE chart

Last update: 2022-12-02
Key statistics and financials
Revenue per share 51.31
Dividend & Yield2.64€ (1.86%)
Beta 0.65
Market capitalization 72.46B
Operating cash flow 5.62B
ESG Scores 13.6

Company description

L'Air Liquide S.A. provides gases, technologies, and services for the industrial and health sectors in Europe, the Americas, the Asia Pacific, the Middle East, and Africa. The company's Gas & Services segment offers oxygen, nitrogen, argon, hydrogen, and carbon monoxide to the metals, chemicals, refining, and energy sectors; and gases, application equipment, and associated services to the materials and energy, automotive and manufacturing, food and pharmaceuticals, technology and research, and craftsmen and retail sectors. It also supplies medical gases, hygiene products, equipment, and services to hospitals, as well as to patients in their homes; and produces and distributes healthcare specialty ingredients for the cosmetics, pharmaceutical, and vaccine markets. In addition, this segment supplies gases, materials, and services for use in the production of semi-conductors, as well as flat screens and photovoltaic panels. Its Engineering & Construction segment designs, develops, and builds industrial gas production plants for third parties; and designs and manufactures plants in the traditional, renewable, and alternative energy sectors. The company's Global Markets & Technologies segment delivers technological solutions, such as molecules, equipment, and services to support the markets of energy transition, primarily in transport, energy, and waste valorization, as well as related to deep tech in the space exploration, aerospace, and big science. This segment also invests in biomethane production units, as well as develops stations for distributing natural bio-gas for vehicles and hydrogen to support clean mobility; operates biomethane production units for use in the maritime industry; and supplies gases for the offshore oil and gas platforms, offshore wind turbines, and cryogenic transportation by sea. L'Air Liquide S.A. was incorporated in 1902 and is headquartered in Paris, France.

Sector: Basic Materials - Industry: Specialty Chemicals

Financial Ratios
Quick Ratio0.71
Working Capital-3.01
Return On Equity0.12
Debt To Equity0.49
Fixed Asset Ratio0.04
Fixed Interest Cover12.26

Financial data

Financial Statements

Cashflow Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Change To Liabilities
Total Cashflows From Investing Activities -2.27B -2.58B -1.95B -3.35B
Net Borrowings -1.15B -1.14B -727.2M -258.6M
Total Cash From Financing Activities -2.48B -2.78B -2.43B -1.82B
Change To Operating Activities 612.9M -36.7M 364.3M 377.3M
Issuance Of Stock 132.2M 37.4M 38.3M 172.3M
Net Income 2.11B 2.24B 2.44B 2.57B
Change In Cash 32.9M -652.1M 822.1M 420.3M
Effect Of Exchange Rate 65.2M 700k -1.4M 16.8M
Total Cash From Operating Activities 4.72B 4.71B 5.21B 5.57B
Depreciation 1.72B 2.09B 2.09B 2.12B
Change To Account Receivables
Other Cashflows From Financing Activities -237.9M -367.5M -380.9M -354.5M
Change To Netincome 223.8M 369.7M 268.4M 448.7M
Capital Expenditures -2.25B -2.64B -2.63B -2.92B

Income Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Research Development
Income Before Tax 2.94B 3.14B 3.21B 3.61B
Net Income 2.11B 2.24B 2.44B 2.57B
Selling General Administrative 4.17B 4.43B 4.25B 4.37B
Gross Profit 12.73B 13.77B 13.29B 13.95B
Ebit 3.24B 3.57B 3.56B 3.93B
Operating Income 3.24B 3.57B 3.56B 3.93B
Interest Expense -369.4M -420.6M -368.9M -320.4M
Income Tax Expense 730.7M 801.7M 678.2M 914.8M
Total Revenue 21.01B 21.92B 20.49B 23.33B
Cost Of Revenue 8.28B 8.15B 7.2B 9.39B
Total Other Income ExpenseNet -302.6M -432.7M -356.2M -320.6M
Net Income From Continuing Ops 2.21B 2.34B 2.53B 2.69B
Net Income Applicable To Common Shares 2.11B 2.24B 2.44B 2.57B

Balance Sheet Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Total Liabilities 23.77B 24.34B 22.97B 24.78B
Total Stockholder Equity 17.78B 18.87B 18.54B 21.46B
Other Current Liabilities 2.25B 2.28B 2.6B 2.87B
Total Assets 41.98B 43.67B 41.98B 46.78B
Common Stock 2.36B 2.6B 2.61B 2.61B
Other Current Assets 813.5M 702.3M 760.5M 823.2M
Retained Earnings 13.66B 14.53B 15.64B 17.13B
Treasury Stock -1.13B -839.5M -2.31B -1.03B
Cash 1.73B 1.03B 1.79B 2.25B
Total Current Liabilities 7.43B 6.81B 7.28B 8.44B
Other Stockholder Equity -1.01B -710.7M -2.17B -911.1M
Property, Plant, and Equipment 19.25B 21.12B 20B 22.53B
Total Current Assets 6.76B 5.97B 6.37B 7.59B
Net Tangible Assets 2.84B 3.37B 4.06B 6.02B
Net Receivables 2.64B 2.58B 2.3B 2.8B
Accounts Payable 2.39B 2.23B 2.08B 2.93B


Insider Transactions

Here are the insider transactions of stock shares related to AIR LIQUIDE:

Filer Name Transaction Text Ownership Date Filer Relation Shares
NO DATA

Insider transaction explanations

Insider buying is the legal purchase of shares by a senior executive or director of a company. "Filer Name" corresponds to the name of the stock buyer or seller. "Transaction Text" describes the transaction. "Ownership" gives information about the transaction type. "Date" is the reported transaction date. "Filer Relation" gives the role of the insider in the company. "Shares" is the value of the transaction. You will find the complete description of the General Transaction Codes on the SEC dedicated page


Investment strategy backtesting

These are the result of three automatic investment systems applied to AIR LIQUIDE. You will find the performance of an systematic investment system, a momentum strategy, and a buy the dip trading strategy.


Systematic investment results on AIR LIQUIDE

Here is the result of two systematic investment strategies applied to AIR LIQUIDE. The first strategy automatically buys the first day of the month, and the second strategy buys the fifteenth day of the month.

Systematic investment equity curve on AIR LIQUIDE

The following chart shows the equity curve of the two systematic investment strategies applied to AIR LIQUIDE:

AIR LIQUIDE automated entries

The systematic investment strategy that buys the first day of the month would give a performance of 25.78% on the backtest period.

Performance at glance

Performance

25.78 %

Latent gain

500.99 €

Invested capital

1943.49 €

Annualized return

6.32 %
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Momentum strategy results on AIR LIQUIDE

This is the result of two momentum investment strategies applied to AIR LIQUIDE. The first strategy uses a momentum signal calculated on one quarter, and the second uses a momentum signal calculated on two quarters.

Momentum entry openings on AIR LIQUIDE

The following chart shows all the entries opened by the momentum investment system on AIR LIQUIDE:

AIR LIQUIDE momentum entries
  • The first momentum investment strategy would give 37.94% of return on AIR LIQUIDE. That represents 2437.08€ of latent gain with 6424.16€ of employed capital.
  • The second momentum investment strategy would give 37.23% of return on AIR LIQUIDE. That represents 1367.76€ of latent gain with 3673.98€ of employed capital.
Performance at glance (1Q Momentum)

Performance

37.94 %

Latent gain

2437.08 €

Invested capital

6424.16 €

Annualized return

9.55 %
Performance at glance (2Q Momentum)

Performance

37.23 %

Latent gain

1367.76 €

Invested capital

3673.98 €

Annualized return

10.34 %

Momentum equity curve on AIR LIQUIDE

The following chart shows the equity curve of the two momentum strategies applied to AIR LIQUIDE:

AIR LIQUIDE momentum equity

Note: the dividends potentially given by AIR LIQUIDE are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on AIR LIQUIDE

The following chart shows the employed capital evolution of the two momentum strategies on AIR LIQUIDE since the beginning:

AIR LIQUIDE

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250€, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000€.


Buy the dip strategy result on AIR LIQUIDE

Buy the dip entry openings on AIR LIQUIDE

AIR LIQUIDE

The performance achieved by the robo-advisor on AIR LIQUIDE is 19.87%. That represents 50.66$ of latent gain with 254.9€ of employed capital. The following chart shows AIR LIQUIDE stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of AIR LIQUIDE, and the green triangles represent the entry openings. The artificall robo-advisor needs at least 100 weeks of trading history to work.

Performance at glance

Performance

19.87 %

Latent gain

50.66 €

Invested capital

254.9 €

Annualized return

9.55 %

Equity curve of the strategy applied to AIR LIQUIDE

The following chart shows the result of the investment strategy applied to AIR LIQUIDE:

AIR LIQUIDE

Note: the dividends potentially given by AIR LIQUIDE are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on AIR LIQUIDE

The following chart shows the employed capital evolution since the beginning of the investment strategy on AIR LIQUIDE:

AIR LIQUIDE

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Investment strategies comparison on AIR LIQUIDE

In this section, I will compare the three previous investment strategies applied to AIR LIQUIDE.

Equity curve comparison on AIR LIQUIDE

The following chart shows the equity curve of the artificall advisor, the trend folowing and the automatic investment strategies:

AIR LIQUIDE investment strategy comparison

Employed capital comparison on AIR LIQUIDE

AIR LIQUIDE investment comparison

Performance comparison on AIR LIQUIDE

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment 25.78% 500.99€ 1943.49€ 6.32%
Momentum 1 quarter 37.94% 2437.08€ 6424.16€ 9.88%
Momentum 2 quarters 37.23% 1367.76€ 3673.98€ 10.34%
Non-directional 19.87% 50.66€ 254.9€ 9.55%
Annualized return comparison

Automatic investment

6.32 %

Momentum 1Q

10.34 %

Momentum 2Q

10.34 %

Non-directional

9.55 %

Correlated stocks

Here are the most positively and negatively correlated stocks with AIR LIQUIDE:

Positive correlations

Most correlated stocks this year

  • AIR LIQUIDE

  • Most correlated stocks last 3 months

  • BAR PACIFIC
  • AIR LIQUIDE
  • AXWAY SOFTWARE
  • Karuna Therapeutics Inc

  • Negative correlation

    Most negatively correlated stocks this year


    Most negatively correlated stocks last 3 months

  • SAREUM HOLDINGS PLC ORD 0.025P

  • Note: The algorithm computes the probability of correlation between AIR LIQUIDE and the other stocks. There may be false positives or some missing correlated stocks. If the price of AIR LIQUIDE does not vary for 36 weeks, the correlation calculation result will be wrong.


    Company information

    Company name AIR LIQUIDE
    Country France
    City Paris
    Address 75 quai d'Orsay
    Phone 33 1 40 62 55 55
    Website www.airliquide.com
    FullTime employees 66400
    Industry Specialty Chemicals
    Sector Basic Materials
    Exchange XPAR
    Ticker AI.XPAR
    Market www.euronext.com

    AIR LIQUIDE ESG Scores

    Environment scores

    Environment ESG Factors Scores
    Environment Score 6.7
    Peer Environment Performance 12.801688311688
    Environment Percentile unknown
    Palm Oil no
    Nuclear no
    Fur Leather no
    GMO no
    Coal no
    Pesticides no
    Animal Testing yes

    Social scores

    Social ESG Factors Scores
    Social Score 3.5
    Peer Social Performance 5.9524675324675
    Social Percentile unknown
    Highest Controversy 2
    Peer Highest Controversy Performance 1.5194805194805
    Adult no
    Gambling no
    Alcoholic no
    Tobacco no
    Catholic no
    Controversial Weapons no
    Small Arms no
    Military Contract no
    Peer Count yes

    Related Controversy: Employee Incidents


    Governance scores

    Governance ESG Factors Scores
    Governance Score 3.4
    Peer Governance Performance 7.4476623376623
    Governance Percentile unknown

    ESG at glance
    Total ESG Scores: 13.6
    Environment Score: 6.7
    Social Score: 3.5
    Governance Score: 3.4

    ESG Performance: UNDER_PERF

    Peer Group: Chemicals

    Peer Esg Score Performance: 26.200909090909

    Rating Year: 2022

    Rating Month: 8

    Max Age: 86400

    Percentile: 7