AIR PRODUCTS & CHEMICALS INC's gross profit margin for the third quarter of its fiscal year 2014 is essentially unchanged when compared to the same period a year ago. The company has grown its sales and net income during the past quarter when compared with the same quarter a year ago, and although its growth in net income has outpaced the industry average, its revenue growth has not. AIR PRODUCTS & CHEMICALS INC has weak liquidity. Currently, the Quick Ratio is 0.62 which shows a lack of ability to cover short-term cash needs. The company's liquidity has increased from the same period last year, indicating improving cash flow.
During the same period, stockholders' equity ("net worth") has increased by 17.67% from the same quarter last year. Overall, the key liquidity measurements indicate that the company is in a position in which financial difficulties could develop in the future.
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|Income Statement||Q3 FY14||Q3 FY13|
|Net Sales ($mil)||2634.6||2547.3|
|Net Income ($mil)||314.0||288.4|
|Balance Sheet||Q3 FY14||Q3 FY13|
|Cash & Equiv. ($mil)||337.6||418.8|
|Total Assets ($mil)||18316.2||17491.3|
|Total Debt ($mil)||6136.0||6130.3|
|Profitability||Q3 FY14||Q3 FY13|
|Gross Profit Margin||36.24||35.39|
|Return on Assets||5.59||5.69|
|Return on Equity||13.44||15.15|
|Debt||Q3 FY14||Q3 FY13|
|Share Data||Q3 FY14||Q3 FY13|
|Shares outstanding (mil)||213.02||209.65|
|Div / share||0.77||0.71|
|Book value / share||36.13||31.2|
|Institutional Own %||n/a||n/a|
|Avg Daily Volume||1790535.0||1029212.0|
BUY. AIR PRODUCTS & CHEMICALS INC's P/E ratio indicates a premium compared to an average of 21.81 for the Chemicals industry and a premium compared to the S&P 500 average of 18.06. To use another comparison, its price-to-book ratio of 3.53 indicates a premium versus the S&P 500 average of 2.49 and a discount versus the industry average of 4.25. The current price-to-sales ratio is well above the S&P 500 average and above the industry average, indicating a premium. The valuation analysis reveals that, AIR PRODUCTS & CHEMICALS INC seems to be trading at a premium to investment alternatives within the industry.
|APD 26.50||Peers 21.81||APD 13.05||Peers 14.52|
Premium. A higher P/E ratio than its peers can signify a more expensive stock or higher growth expectations.
APD is trading at a premium to its peers.
Discount. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures.
APD is trading at a discount to its peers.
|APD 20.06||Peers 17.79||APD 1.24||Peers 1.24|
Premium. A higher price-to-projected earnings ratio than its peers can signify a more expensive stock or higher future growth expectations.
APD is trading at a significant premium to its peers.
Average. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples.
APD trades at a valuation on par to its peers.
|APD 3.53||Peers 4.25||APD 3.21||Peers 62.91|
Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet.
APD is trading at a discount to its peers.
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios.
However, APD is expected to significantly trail its peers on the basis of its earnings growth rate.
|APD 2.63||Peers 2.22||APD 1.45||Peers 2.60|
Premium. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales.
APD is trading at a premium to its industry on this measurement.
Lower. A sales growth rate that trails the industry implies that a company is losing market share.
APD significantly trails its peers on the basis of sales growth
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