APD has a market capitalization of $63,268,861,960 -- more than approximately 96.33% of US stocks.
With a one year PEG ratio of 819.26, Air Products & Chemicals Inc is expected to have a higher PEG ratio (a measure of how expensive a stock is relative to its expected earnings growth) than 95.08% of US stocks.
Of note is the ratio of Air Products & Chemicals Inc's sales and general administrative expense to its total operating expenses; 98.1% of US stocks have a lower such ratio.
Stocks with similar financial metrics, market capitalization, and price volatility to Air Products & Chemicals Inc are ICE, FISV, GPN, NOC, and ITW.
Air Products and Chemicals, Inc. (APD) Company Bio
Air Products & Chemicals is a leading industrial gases company. The company provides atmospheric, process and specialty gases, and related equipment to manufacturing markets including metals, food and beverage, refining and petrochemical, and natural gas liquefaction. Air Products' materials technologies segment serves the semiconductor, polyurethanes, cleaning and coatings, and adhesives industries. The company was founded in 1940 and is based in Allentown, Pennsylvania.
APD Price Forecast Based on DCF Valuation
DCF Fair Value Target:
Below please find a table outlining a discounted cash flow forecast for APD, in which we model out valuation assuming a variety of terminal growth rates. To summarize, we found that Air Products & Chemicals Inc ranked in the 15th percentile in terms of potential gain offered. Our DCF analysis suggests the stock is overvalued by about 85%. As for the metrics that stood out in our discounted cash flow analysis of Air Products & Chemicals Inc, consider:
APD's estimated cost of debt, based largely on its market capitalization and its interest coverage ratio, is 2%; for context, that number is higher than 31.8% of tickers in our DCF set.
Air Products & Chemicals Inc's interest coverage rate -- a measure of gross earnings relative to interest payments -- comes in at 22.64. This coverage rate is greater than that of 87.88% of stocks we're observing for the purpose of forecasting via discounted cash flows.
Relative to other stocks in its sector (Basic Materials), Air Products & Chemicals Inc has a reliance on debt greater than just 21.2% of them.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
ITP, ACH, AVNT, KGC, and USAP can be thought of as valuation peers to APD, in the sense that they are in the Basic Materials sector and have a similar price forecast based on DCF valuation.
A joint venture comprising Air Products, ACWA Power and NEOM has hired financial firm Lazard to advise it on a planned $5 billion hydrogen project in the NEOM high-tech business zone in Saudi Arabia, sources said. Lazard, which advised Saudi oil giant Aramco on its initial public offering in 2019, has recently approached banks to sound out their appetite for the project, said two sources familiar with the matter. Lazard, the world's largest hydrogen producer New York-listed Air Products, Saudi energy developer ACWA Power and NEOM did not immediately respond to requests for comment.
Air Products (NYSE:APD) will release its fiscal 2021 first quarter financial results on Thursday, February 4, 2021 before the stock market opens and will review these results later that day in a teleconference at 10:00 a.m. ET. The teleconference will be open to the public and the media in listen-only mode by telephone and Internet broadcast.
Air Products (NYSE: APD) today announced it has signed a long-term gas supply contract with Shandong Binhua New Material Co., Ltd. (Binhua), a subsidiary of Befar Group which is a leading petroleum and chemical enterprise in China, to support Binhua's flagship chemical project located in the Beihai Economic Development Zone of Binzhou City, Shandong Province, China.