Air Products & Chemicals IncFind Ratings Reports
AIR PRODUCTS & CHEMICALS INC's gross profit margin for the second quarter of its fiscal year 2017 has decreased when compared to the same period a year ago. The company has grown sales and net income during the past quarter when compared with the same quarter a year ago, however, it was unable to keep up with the growth of the average competitor within its industry. AIR PRODUCTS & CHEMICALS INC has strong liquidity. Currently, the Quick Ratio is 1.72 which shows the ability to cover short-term cash needs. The company's liquidity has increased from the same period last year.
At the same time, stockholders' equity ("net worth") has greatly increased by 34.71% from the same quarter last year. The key liquidity measurements indicate that the company is unlikely to face financial difficulties in the near future.
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|Income Statement||Q2 FY17||Q2 FY16|
|Net Sales ($mil)||1980.1||1777.4|
|Net Income ($mil)||2130.0||-473.3|
|Balance Sheet||Q2 FY17||Q2 FY16|
|Cash & Equiv. ($mil)||3292.5||313.1|
|Total Assets ($mil)||17871.5||16810.8|
|Total Debt ($mil)||3843.2||5818.0|
|Profitability||Q2 FY17||Q2 FY16|
|Gross Profit Margin||39.8||43.79|
|Return on Assets||17.74||3.29|
|Return on Equity||14.09||17.72|
|Debt||Q2 FY17||Q2 FY16|
|Share Data||Q2 FY17||Q2 FY16|
|Shares outstanding (mil)||217.72||216.08|
|Div / share||0.95||0.86|
|Book value / share||42.79||32.01|
|Institutional Own %||n/a||n/a|
|Avg Daily Volume||1203379.0||1452595.0|
BUY. AIR PRODUCTS & CHEMICALS INC's P/E ratio indicates a discount compared to an average of 31.04 for the Chemicals industry and a value on par with the S&P 500 average of 24.66. Conducting a second comparison, its price-to-book ratio of 3.41 indicates a premium versus the S&P 500 average of 3.07 and a significant discount versus the industry average of 5.12. The price-to-sales ratio is well above both the S&P 500 average and the industry average, indicating a premium. Upon assessment of these and other key valuation criteria, AIR PRODUCTS & CHEMICALS INC proves to trade at a discount to investment alternatives within the industry.
|APD 24.29||Peers 31.04||APD 16.71||Peers 16.21|
Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations.
APD is trading at a discount to its peers.
Average. 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 valuation on par to its peers.
|APD 21.47||Peers 20.69||APD NM||Peers 4.62|
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 premium to its peers.
Neutral. 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's negative PEG ratio makes this valuation measure meaningless.
|APD 3.41||Peers 5.12||APD 6.56||Peers 12.97|
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 significant 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 3.63||Peers 2.45||APD 2.29||Peers 3.78|
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 significant premium to its industry.
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