OTC : AIQUF
$2.61 (1.33%)
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Quality Isn't Worth Anything, And Air Liquide Proves It
L'Air Liquide S.A. exemplifies a high-quality, fundamentally safe industrial gas leader, but its valuation is unjustifiably rich versus operational realities. AIQUF trades at 29-31x P/E and 15-16x EV/EBITDA, despite modest 5-7% growth, restrained FCF, and lower ROIC than Linde. Current premium reflects overhyped expectations for hydrogen and electronics; actual returns remain single-digit and cyclicality risks persist. seekingalpha.com - 2026-07-28 10:57:04 |
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Air Liquide Backs Guidance After Revenue, Margin Improvements
The company remains confident it can increase its operating margin and deliver recurring net profit growth at constant exchange rates. wsj.com - 2026-07-28 02:20:00 |
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Air Liquide confirms margin outlook as first-half profit meets expectations
Air Liquide confirmed its margin outlook on Tuesday after first-half operating earnings broadly met expectations, as growth in electronics and industrial gases helped offset a still-muted industrial backdrop. reuters.com - 2026-07-28 01:55:06 |
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Air Liquide: Margin Expansion Story Remains Intact Ahead Of Key Capital Markets Day
Air Liquide is reaffirmed as a buy, supported by margin expansion and a robust €5.5 billion investment backlog. AIQUF's Q1 group sales grew 1.9%, with US structural drivers offsetting softness in the EU and Asia; the electronics segment posted 9% growth. Internal simplification initiatives and productivity measures suggest further gains are increasingly driven by execution rather than external factors. seekingalpha.com - 2026-06-04 21:26:07 |