APD Stock Intrinsic Value – AIR PRODUCTS AND CHEMICALS Reports Third Quarter FY2023 Results on August 3, 2023
August 17, 2023
🌥️Earnings Overview
Air ($NYSE:APD) Products and Chemicals announced the financial results for the third quarter of FY2023 (June 30, 2023) on August 3, 2023. Revenue for the period amounted to USD 3033.9 million, a decrease of 4.9% from the same quarter of the prior year. However, net income increased by 2.3% year-over-year to USD 595.6 million.
Price History
On Thursday, the company’s stock opened at $290.0 and closed at $281.8, a decrease of 5.8% from the prior closing price of $299.3. The stock price of AIR PRODUCTS AND CHEMICALS fell in part due to the overall market sentiment and its third quarter FY2023 results, which were not as positive as expected. The company reported a slight decline in revenue from last year’s quarter, but the overall performance was still considered acceptable. Despite the slight decline in results, the company’s stock is still considered a good long-term investment with potential for growth over time. AIR PRODUCTS AND CHEMICALS has seen positive changes in its operations over the last few years.
The company has taken measures to increase efficiency and reduce costs, which has helped them become more competitive in the industry. They have also made strategic investments in new technologies, which has helped them keep up with the latest trends in the industry. Investors should continue to watch the company’s progress closely since they have shown strong growth in the past and could continue to do so in the future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for APD. More…
| Total Revenues | Net Income | Net Margin |
| 12.98k | 2.19k | 18.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for APD. More…
| Operations | Investing | Financing |
| 3.22k | -5.41k | 910.4 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for APD. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 30.93k | 15.56k | 63.65 |
Key Ratios Snapshot
Some of the financial key ratios for APD are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 13.7% | 5.8% | 22.5% |
| FCF Margin | ROE | ROA |
| -5.6% | 12.9% | 5.9% |
Analysis – APD Stock Intrinsic Value
At GoodWhale, we have conducted an analysis of AIR PRODUCTS AND CHEMICALS’ financials and found that the fair value of the company’s share is around $323.5. This figure is based on our proprietary Valuation Line. Currently, the stock is traded at $281.8 – a fair price that is undervalued by 12.9%. As such, the stock presents a great investment opportunity for those looking to acquire AIR PRODUCTS AND CHEMICALS shares at a discount. 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 reported their third quarter fiscal year 2023 results on August 3rd, showing a 4.9% decrease in total revenue when compared to the same quarter of the prior year. Net income however, increased by 2.3% year-over-year. Despite this, the stock price moved down the same day. Investors should consider the degree of difficulty in growing revenue, as well as analyze the company’s expenses and profitability in order to make a more informed decision about Air Products and Chemicals’ performance.
Additionally, investors should pay attention to any upcoming changes in the company’s industry or sector, as these may have an impact on their stock price.
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