Air Products and Chemicals Inc
DUS:AP3
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Intrinsic Value
The intrinsic value of 
Air Products and Chemicals Inc (AP3) under the Base Case is 119.24 EUR per share.
Compared with the current market price of 285.7 EUR, the stock appears
Overvalued by 58% .
The intrinsic value is calculated using the DCF method.
Do our valuations actually work? See backtest results .
Cheap or expensive for this stock?
This block shows whether today’s valuation is cheap or expensive compared with the stock’s own history, and what happened after similar valuations in the past.
We compare the gap between the stock’s price and our estimated value over time.
- Undervalued can still be historically expensive. The stock may trade below our estimated value, but usually offer an even bigger discount.
- Overvalued can still be historically cheap. The stock may trade above our estimated value, but usually carry an even higher premium.
Market expectations can differ from our model, which may not fully capture everything affecting the price. That is why some stocks regularly trade above our estimated value and others below it.
The scale and chart show how today’s valuation compares with the past. The cards summarize past returns and waiting times until the stock stopped being cheap or expensive. This can happen because the price changed, our estimated value changed, or both.
Only completed periods are included. These are past results, not forecasts. The usual historical range does not necessarily mean fair value.
Fundamental Analysis
What Air Products and Chemicals Does
Air Products and Chemicals makes industrial gases and the equipment used to produce, store, and deliver them. Its main products include oxygen, nitrogen, hydrogen, carbon dioxide, argon, and helium, along with gas handling systems and large plants built for customers’ sites. The company sells these gases to factories, refineries, food processors, semiconductor makers, hospitals, and energy companies that need a steady supply of gases to run their operations.
- Headquarters
- United States of America US
- Employees
- 21 194
- IPO date
- Nov 13, 1961
Air Products and Chemicals has a wide economic moat
Replacing gas plants and supply connections built around a customer's factory takes money and risks interrupting production, making Air Products difficult to replace. Long-term supply agreements reinforce those ties. Its established pipelines also let it serve nearby customers economically without a newcomer having to build a competing system.
Read the full moat analysis
Revenue & Expenses Breakdown
Air Products and Chemicals Inc
Earnings Waterfall
Air Products and Chemicals Inc
What is the Intrinsic Value of one AP3 stock?
The intrinsic value for Air Products and Chemicals Inc (AP3) under the Base Case is 119.24 EUR.
Is AP3 stock undervalued or overvalued?
Compared with the current market price of 285.7 EUR, the stock appears Overvalued by 58% .
