L'Air Liquide S.A.·Basic Materials

Investors interested in stocks from the Chemical - Diversified sector have probably already heard of Johnson Matthey PLC (JMPLY) and Air Liquide (AIQUY). But which of these two companies is the best option for those looking for undervalued stocks?

L'Air Liquide S.A. (AIQUY) Discusses 2025 Sustainability Performance and Climate Transition Progress Transcript

L'Air Liquide's 2025 results showed solid operating leverage, with EBIT margin ex-energy up to 20.7% and recurring profit growth supported by pricing, efficiencies, and disciplined execution. AIQUF's management reiterated a +100bps margin improvement for 2026 and introduced a new +100bps target for 2027, above consensus expectations and likely to be a positive catalyst for the shares. Higher DPS, a stable backlog, and lower net debt reinforce the ADVANCE strategy, while limited buybacks highlight organic earnings growth as the main driver of long-term EPS expansion.

L'Air Liquide S.A. (AIQUY) Q4 2025 Earnings Call Transcript

Air Liquide posted a rise in full-year net profit as all gas and services businesses—accounting for most of group sales—recorded 2% sales growth.

French industrial gases group Air Liquide reported slightly higher than expected recurring operating income for 2025 on Friday, citing efficiencies, pricing management particularly in the Industrial Merchant unit, and dynamic asset portfolio management.
L'Air Liquide S.A. provides gases, technologies, and services for the industrial and health sectors in Europe, the Americas, the Asia Pacific, the Middle East, and Africa. The company's Gas & Services segment offers oxygen, nitrogen, argon, hydrogen, and carbon monoxide to the metals, chemicals, refining, and energy sectors; and gases, application equipment, and associated services to the materials and energy, automotive and manufacturing, food and pharmaceuticals, technology and research, and craftsmen and retail sectors. It also supplies medical gases, hygiene products, equipment, and services to hospitals, as well as to patients in their homes; and produces and distributes healthcare specialty ingredients for the cosmetics, pharmaceutical, and vaccine markets. In addition, this segment supplies gases, materials, and services for use in the production of semi-conductors, as well as flat screens and photovoltaic panels. Its Engineering & Construction segment designs, develops, and builds industrial gas production plants for third parties; and designs and manufactures plants in the traditional, renewable, and alternative energy sectors. The company's Global Markets & Technologies segment delivers technological solutions, such as molecules, equipment, and services to support the markets of energy transition, primarily in transport, energy, and waste valorization, as well as related to deep tech in the space exploration, aerospace, and big science. This segment also invests in biomethane production units, as well as develops stations for distributing natural bio-gas for vehicles and hydrogen to support clean mobility; operates biomethane production units for use in the maritime industry; and supplies gases for the offshore oil and gas platforms, offshore wind turbines, and cryogenic transportation by sea. L'Air Liquide S.A. was incorporated in 1902 and is headquartered in Paris, France.
Basic Materials
Chemicals - Specialty
64,124
2007-06-22
0.66