Air Products has decided to exit its blue hydrogen megaproject in Louisiana. The company expects to record pretax charges of up to $2.9 billion in the fiscal third quarter associated with terminating the Louisiana project as well as several other smaller clean energy projects.
Air Products is poised for rapid growth due to business opportunities that drive its ambitious capital-allocation plan.
After Air Liquide’s 2016 acquisition of Airgas and the Praxair-Linde merger in 2018, Air Products is a distant third in terms of market share among industrial gas majors and may struggle to regain share.
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Metric
|
APD
|
AI
|
LIN
|
|---|---|---|---|
Price/Earnings (Normalized) | 23.01 | 26.75 | 30.55 |
Price/Book Value | 4.18 | 4.25 | 6.17 |
Price/Sales | 5.25 | 4.14 | 6.97 |
Price/Cash Flow | 14.41 | 17.11 | 22.45 |
|
Metric
|
APD
|
AI
|
LIN
|
|---|---|---|---|
Quick Ratio | 1.03 | 0.74 | 0.62 |
Current Ratio | 1.43 | 1.17 | 0.83 |
Interest Coverage | 12.79 | 59.20 | 20.18 |
|
Metric
|
APD
|
AI
|
LIN
|
|---|---|---|---|
Return on Assets (Normalized) | 7.00% | 7.21% | 8.94% |
Return on Equity (Normalized) | 18.76% | 14.22% | 19.93% |
Return on Invested Capital (Normalized) | 8.58% | 9.35% | 11.91% |
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1-Day Chart
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Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
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Economic Moat
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Market Cap
|
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United States