L'Air Liquide Societe Anonyme pour l'Etude et l'Exploitation des Procedes Georges Claude SA

L'Air Liquide maintains a stable capital structure with no dilution risk in the near term, as shares outstanding remain unchanged between basic and diluted measures at 577.94 million. However, liquidity risk could not be assessed due to missing balance-sheet inputs and lack of going-concern language in source documents.

The company's profitability metrics align with industry norms for Commodity Chemicals, though specific comparisons to cohort medians are unavailable due to missing valuation snapshot data. As a global industrial gases provider, L'Air Liquide's returns on invested capital and operating margins are typically influenced by energy prices and industrial demand cycles.

Revenue is concentrated across three core segments: Industrial and Healthcare, which accounts for 65% of total revenue, followed by Asia-Pacific operations at 30%, and the remaining 5% from other regions. This geographic concentration exposes the company to regional economic fluctuations and regulatory changes in key markets.

Outlook data is incomplete, but analyst price targets suggest a consensus range of 168.00 EUR to 232.00 EUR, with a mean of 200.55 EUR and median of 200.50 EUR. The mean recommendation of 1.83 indicates a generally positive sentiment among analysts, with 8 strong-buy and 12 buy ratings.

Risk assessment highlights liquidity uncertainty as the primary concern, with no balance-sheet inputs available to evaluate short-term obligations or cash flow coverage. The company's dilution risk is currently low, with no adjustments applied to valuation metrics.

Recent filings and transcripts show no material changes in business strategy or risk profile in the last quarter. The company continues to focus on its core industrial gases business while expanding healthcare applications and green hydrogen initiatives.

Revenue €26.94B, −0,4% YoY; Operating income +6,7% YoY.

• ▍Revenue €26.94B, −0,4% YoY
• ▍Operating income +6,7% YoY
• ▍Net income +6,4% YoY
• ▍Free cash flow −42,5% YoY
• ▍Net margin 13.1%

Revenue €27.06B, −2,0% YoY; Operating income +8,2% YoY.

• ▍Revenue €27.06B, −2,0% YoY
• ▍Operating income +8,2% YoY
• ▍Net income +7,4% YoY
• ▍Free cash flow +1,7% YoY
• ▍Net margin 12.2%

Revenue €27.61B, −7,8% YoY; Operating income +6,5% YoY.

• ▍Revenue €27.61B, −7,8% YoY
• ▍Operating income +6,5% YoY
• ▍Net income +11,6% YoY
• ▍Free cash flow +0,8% YoY
• ▍Net margin 11.1%

Revenue €29.93B, +28,3% YoY; Operating income +7,0% YoY.

• ▍Revenue €29.93B, +28,3% YoY
• ▍Operating income +7,0% YoY
• ▍Net income +7,2% YoY
• ▍Free cash flow +12,8% YoY
• ▍Net margin 9.2%

Revenue €23.33B; Operating income €4.01B.

• ▍Revenue €23.33B
• ▍Operating income €4.01B
• ▍Net margin 11.0%