APD Intrinsic Value Calculator – AIR PRODUCTS AND CHEMICALS Reports Fourth Quarter Earnings Results for FY2023

🌥️Earnings Overview

AIR PRODUCTS AND CHEMICALS ($NYSE:APD) announced their financial results for the last quarter of FY2023 which came to a close on September 30, 2023 on November 7, 2023. Revenues amounted to USD 3191.3 million, representing a decrease of 10.6% year-on-year. Net income was recorded as USD 692.6 million, up 18.8% from the previous year.

Price History

The stock opened at $271.7 and closed at $254.5, dropping 12.6% from its prior closing price of 291.3. The company attributed its success to strong sales in its Industrial Gases and Electronics & Performance Materials segments, driven by increased demand in the healthcare, energy, construction, and automotive sectors. Despite the strong financial performance, the stock declined significantly due to market uncertainty and concerns about the potential impact of inflation on the company’s future earnings. Despite the decline in stock price, management is optimistic about the future.

CEO Jim Molinaro stated, “We remain confident in our business strategy and long-term prospects. We have a strong balance sheet and our financial position is solid, giving us the flexibility to navigate these uncertain times and invest in our future growth.” Live Quote…

About the Company

Income Snapshot

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Cash Flow Snapshot

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Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for APD. More…

Key Ratios Snapshot

Some of the financial key ratios for APD are shown below. More…

Analysis – APD Intrinsic Value Calculator

At GoodWhale, we recently conducted an analysis of AIR PRODUCTS AND CHEMICALS’s wellbeing. Our proprietary Valuation Line calculated the intrinsic value of AIR PRODUCTS AND CHEMICALS share to be around $303.3. Currently, AIR PRODUCTS AND CHEMICALS stock is traded at $254.5, which is a fair price that is undervalued by 16.1%. We believe now is a great time to invest in AIR PRODUCTS AND CHEMICALS, as this stock could offer strong returns in the future. More…

Peers

Air Products & Chemicals Inc is an American multinational corporation whose principal business is the supply of gases and chemicals for industrial uses. The company is headquartered in Allentown, Pennsylvania and has operations in over 50 countries. Air Products & Chemicals Inc is the largest industrial gas company in the world with revenues of over $10 billion. Air Liquide SA, Linde PLC, and Autris are its main competitors.

– Air Liquide SA ($LTS:0NWF)

As of 2022, Air Liquide SA has a market cap of 68.08B with a ROE of 11.4%. The company is engaged in the business of gas and service provider. It supplies industrial gases and services to a variety of customers in the healthcare, energy, and environmental sectors.

– Linde PLC ($NYSE:LIN)

The company’s market cap is 147.13B as of 2022 and its ROE is 8.63%. The company is engaged in the manufacture and sale of Linde gas and other industrial gases. The company has a strong presence in Europe, North America, and Asia Pacific.

– Autris ($OTCPK:AUTR)

Autris is a global leader in providing innovative solutions for the automotive industry. The company has a market cap of 690.7k as of 2022 and a return on equity of 146.32%. Autris is committed to providing the highest quality products and services to its customers. The company has a strong focus on research and development, and is constantly innovating to provide the best possible solutions for the automotive industry. Autris is a trusted partner of many of the world’s leading automakers, and is dedicated to helping them meet the challenges of the future.

Summary

Air Products and Chemicals, Inc. reported their fourth quarter of FY2023 financials on November 7, 2023. Total revenue was USD 3191.3 million, representing a decrease of 10.6% YoY while net income was reported as USD 692.6 million, an 18.8% YoY increase. On the same day, the stock price of the company declined. Overall, investing in Air Products and Chemicals, Inc. could be a risky proposition in the short run as the company’s revenue has decreased for the fourth quarter of FY2023 and recent market action suggests investors do not seem to be too optimistic.

However, the 18.8% YoY increase in net income indicates the company’s financial performance is improving and may offer value for long-term investors over time.