L'Air Liquide S.A. (AI.PA) stock analysis

In our weekly check, L'Air Liquide S.A. is graded B (A to F). Of 25 checks on debt, profit, cash flow and trend: 21 pass, warnings: 2, red flags: 2.

About L'Air Liquide S.A.

L'Air Liquide S.A. is a Basic Materials company (Chemicals - Specialty) based in France, listed on PAR as AI.PA.

What our checks show for AI.PA

Red flags

• The gross margin fell by 24 points, to 35.8%: costs are rising faster than prices.
• Revenue fell 3.5% a year over the last 3 years.

Warning signs

• Analysts expect only about 4.8% a year of growth in revenue.
• The stock has fallen as much as 41% from a peak. Would you have held through that?

Strengths

• Operating profit covers interest 14.2 times over.
• The net margin rose by 2 points over 5 years, to 13.1%.
• Operating cash flow is 1.81x net profit: the profit arrives as real cash.
• A large company: market value $124 billion.
• The price moves calmly: 17.5% annual volatility.
• Beta 0.64: the stock usually moves less than the market.

Similar companies

SHW · ECL · APD · NSIS-B.CO · LIN · 0148.HK

Questions

What grade does L'Air Liquide S.A. (AI.PA) have?

In our weekly check, L'Air Liquide S.A. is graded B (A to F). Of 25 checks on debt, profit, cash flow and trend: 21 pass, warnings: 2, red flags: 2. The grade is a risk check, not a buy or sell recommendation.

What are the main risks of AI.PA stock?

This week's biggest flags for L'Air Liquide S.A.: Gross margin falling, Weak revenue growth, Weak revenue forecast. In total 4 of 25 checks show a warning or a red flag.

What does L'Air Liquide S.A. do?

L'Air Liquide S.A. is a Basic Materials company (Chemicals - Specialty) based in France, listed on PAR as AI.PA.

The grade is a risk check, not a price forecast, and not investment advice. In our 10-year test (S&P 500, 2016-2026), stocks we graded A or B fell more than 30% 2-3 times less often than D or F, without a lower average return.

Updated 2026-10-24

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