L'Air Liquide S.A.

L'Air Liquide is engaged in the market of gases for industry, health and the environment. Oxygen, nitrogen, hydrogen, and rare gases make up Co.'s core activities. Co. structures its activities in three segments: Gas and Services, Engineering and Technology, and Other activities. The Gas and Services segment comprises four business lines: Industrial Merchant, Large Industries, Healthcare and Electronics; Engineering and Technology designs, develops and builds industrial gas production plants for Co. and third parties; and the Other Activities segment develops welding and cutting edge technologies, and markets deep-sea diving and swimming equipment to professionals and privates individuals.
  • TickerAI
  • ISINFR0000120073
  • ExchangeEuronext Paris
  • SectorChemicals
  • CountryFrance

Analysts

Air Liquide S.A.: Update to Discussion of Key Credit Factors

CORPORATES CREDIT OPINION 19 May 2017 Update RATINGS Air Liquide S.A. Domicile Paris, France Long Term Rating A3 Type LT Issuer Rating - Dom Curr Outlook Stable Please see the ratings section at the end of this report for more information. The ratings and outlook shown reflect information as of the publication date. Contacts Stanislas Duquesnoy 49-69-70730-781 VP-Sr Credit Officer stanislas.duques

Jean-Christophe Dourret

Air Liquide : Air Liquide - 2 Mai 2019

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Jean-Christophe Dourret

Air Liquide : Air Liquide - 2 mai 2019

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Krzysztof Smalec

Morningstar | Strong Growth in Electronics and Healthcare Fuels Another Solid Quarter for Air Liquide; Raising FVE

We bump our fair value estimate for Air Liquide to EUR 111 from EUR 109 after the narrow-moat industrial gas supplier delivered another solid quarter, growing sales 9% year over year (5% on a comparable basis), with all segments contributing. The key drivers of our fair value adjustment are a slightly more optimistic revenue forecast for full-year 2019 and time value of money since our last update. Air Liquide continued its solid momentum, growing revenue in all geographies and end markets. The Asia-Pacific region showed no signs of slowdown, as sales increased 13% from the same prior-year pe...

Krzysztof Smalec

Morningstar | Strong Growth in Electronics and Healthcare Fuels Another Solid Quarter for Air Liquide; Raising FVE. See Updated Analyst Note from 26 Apr 2019

We bump our fair value estimate for Air Liquide to EUR 111 from EUR 109 after the narrow-moat industrial gas supplier delivered another solid quarter, growing sales 9% year over year (5% on a comparable basis), with all segments contributing. The key drivers of our fair value adjustment are a slightly more optimistic revenue forecast for full-year 2019 and time value of money since our last update. Air Liquide continued its solid momentum, growing revenue in all geographies and end markets. The Asia-Pacific region showed no signs of slowdown, as sales increased 13% from the same prior-year pe...

Krzysztof Smalec

Strong Growth in Electronics and Healthcare Fuels Another Solid Quarter for Air Liquide; Raising FVE

We bump our fair value estimate for Air Liquide to EUR 111 from EUR 109 after the narrow-moat industrial gas supplier delivered another solid quarter, growing sales 9% year over year (5% on a comparable basis), with all segments contributing. The key drivers of our fair value adjustment are a slightly more optimistic revenue forecast for full-year 2019 and time value of money since our last update. Air Liquide continued its solid momentum, growing revenue in all geographies and end markets. The ...

1 director sold

A director at Air Liquide sold 20,000 shares at 110.272EUR and the significance rating of the trade was 75/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of b...

AIR LIQUIDE sees an upgrade to Slightly Positive due to a better fundamental star rating

The general evaluation of AIR LIQUIDE (FR), a company active in the Commodity Chemicals industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 4 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date March 8, 2019, the closing price was EUR 110.85 and its potential was estimated at EUR 116.39.

Nurhayati Wan

Air Liquide

Nurhayati Wan

Air Liquide

Nurhayati Wan

Air Liquide

Nurhayati Wan

Air Liquide

Expert Corporate Governance Service (ECGS)

Air Liquide - AGM 07 May 2019

ITEM 8: The Company’s disclosure, although acceptable, does not meet the market best practices and objectives to achieve in 2018 should have been disclosed. Moreover, amounts at stake (€5.6 M, i.e. 159% of the median total CEO remuneration in the Chemicals sector of the MSCI Europe) are excessive compared to market and sector practices. ITEM 9: Overall, changes proposed for the new remuneration policy are not significantly negative. However, dealing with the criteria redundancy seems to be a way for the Board to avoid dealing with the actual issues executives’ remuneration policies have at Ai...

Jehanne Leroy

Air Liquide - Assemblée générale des actionnaires du 07 mai 2019

RémunérationsConcernant les rémunérations 2018 du dirigeant, la transparence de la société est plutôt bonne mais elle ne communique toujours pas les objectifs a posteriori. Si l'absence de communication pour des raisons de confidentialité a priori s'entend parfaitement, une absence de communication alors que l'exercice est passé n'est pas compréhensible et empêche une claire compréhension de la part des actionnaires du lien entre performances effectivement réalisées et montant attribués. Par ailleurs, cela n’est pas en ligne avec les meilleures pratiques françaises et européennes. En raison de...

Air Liquide – Proxinvest Corporate Governance Rating ® : C

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Jehanne Leroy

Proxy Report - 16/05/2018

As last year, the company proposes to increase the fixed remuneration without any counterpart. This has an inflationary impact we cannot support. The 2018 maximal remuneration of the Chairman and CEO will reach €5.8 M, which is 40% higher than the CAC 40 median.Moreover, the Chairman and CEO has the benefit of excessive post-employment benefits. Considering that he is already excessively paid, such post-employment payments are not acceptable.

Jehanne Leroy

Proxy Report - 16/05/2018

Tout comme l’an dernier dans le cadre de la politique de rémunérations 2017, la société proposé cette année une augmentation du fixe pour 2018. Si cette hausse est certes peu significative (+3,9%), afin d’éviter tout effet inflationniste malvenu au regard des rémunérations déjà très généreuses du Président Directeur général, il aurait fallu qu’elle soit compensée par l’abaissement des bonus cible et maximum. Or, la société n’a pas compensée cette hausse. Ainsi, la rémunération maximum du Président Directeur général est désormais de 5,8 M€ €, ce qui est, bien évidemment, excessif.La société pro...

Valérie GASTALDY

Short term view - AIR LIQUIDE : The trend is uncertain.

The trend is uncertain. Prices are falling, but the trend is lacking power for the time being. The next support is at €104.55.

Valérie GASTALDY

Analyse court terme - AIR LIQUIDE : La tendance est incertaine.

La tendance est incertaine. Les cours baissent, mais la tendance manque de puissance pour le moment. Le prochain support est à 104,55 €.

Valérie GASTALDY

Short term view - AIR LIQUIDE : The trend is bearish.

The trend is bearish. Prices are falling again, but the movement has become hesitant. The next support is at €104.55. The bearish trend would be challenged above €115.25.

Valérie GASTALDY

Analyse court terme - AIR LIQUIDE : La tendance est baissière.

La tendance est baissière. Les prix baissent à nouveau, mais le mouvement est devenu hésitant. Le prochain support est à 104,55 €. La tendance baissière serait remise en cause au-dessus de 115,25 €.

Valérie GASTALDY

Medium term view - AIR LIQUIDE : The background trend is clearly bullish.

The background trend is clearly bullish. The correction is gaining traction. It is too early to qualify this action as a bearish reversal. The trend would be invalidated below the support at €97.12.

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