Excluded
DCF
Free cash flow, growth, discount rate, and terminal growth form an intrinsic value range.
---
-
-Positive free-cash-flow history is shorter than two years.
A
US
APD.US · Air Products & Chemicals, Inc.
US · US
Latest price302.20 USD
30D-4.34%
Vs. base value+27.9%
Research summary
APD.US latest organized financial period shows revenue declined -0.52% YoY and net income declined -110% YoY. Current price is about 302 USD, while the model base case is about 236 USD; the current price sits +27.9% versus the base case. The page shows both reported and adjusted views; valuation still defaults to reported figures, while adjusted figures help isolate structured one-time-item impact. This summary is intended for public-information research and model review.
Key financial trend
Annual financial metrics with switchable views. · Unit: USD
Revenue12B USD
Net income-395M USD
Free cash flow-
Operating cash flow-
Price trend
Price date: 2026/04/29 · Updated: 2026/04/29 15:23
Valuation model range
Hover each model row to inspect formulas and inputs.
Current price302.20 USD
Base value236.30 USD
Vs. base+27.9%
Price date2026/04/29
187.96 USD236.30 USD270.65 USD
+27.89%
Calculated
Owner Earnings
Uses recent net income as an owner-earnings proxy and discounts scenario growth.
253.80 USD350.49 USD419.19 USD
-13.78%
350.49 USDCurrent price is 13.8% below the base model value.Adjusted reference: 406.79 USD
Excluded
Reverse DCF
Solves the forward FCF growth rate implied by the current price.
Implied growth-
-
-Positive free-cash-flow samples are insufficient.
Calculated
Earnings Power Value
Estimates earnings power value without assuming growth.
122.11 USD122.11 USD122.11 USD
+147%
122.11 USDCurrent price is 147.5% above the base model value.
Updated: 2026/04/29 15:23
Valuation basis and non-recurring items
Collapsed by default. Expand to inspect structured one-time items and adjusted figures without making them the primary page focus.
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Valuation basis and non-recurring items
Collapsed by default. Expand to inspect structured one-time items and adjusted figures without making them the primary page focus.
A positive amountAfterTax means the item increased reported net income; a negative value means it reduced reported net income. Adjusted net income = reported net income minus total after-tax impact. Valuation defaults to reported figures; adjusted figures are shown to observe one-time-item impact.
| Period | Item | Category | After-tax impact | Confidence |
|---|---|---|---|---|
| 2025/09/30 | Business sale gain/loss | Asset sale gain/loss | 53M USD | Medium |
| 2025/09/30 | Discontinued operations | Discontinued operations | -8M USD | High |
| 2025/09/30 | Restructuring charges | Restructuring | -3B USD | Medium |
| 2024/09/30 | Business sale gain/loss | Asset sale gain/loss | 2B USD | Medium |
| 2024/09/30 | Discontinued operations | Discontinued operations | -28M USD | High |
| 2024/09/30 | Restructuring charges | Restructuring | -90M USD | Medium |
| 2023/09/30 | Discontinued operations | Discontinued operations | 22M USD | High |
| 2023/09/30 | Restructuring charges | Restructuring | -580M USD | Medium |
| 2022/09/30 | Discontinued operations | Discontinued operations | 38M USD | High |
| 2022/09/30 | Restructuring charges | Restructuring | -175M USD | Medium |
| 2021/09/30 | Discontinued operations | Discontinued operations | 211M USD | High |
| 2020/09/30 | Discontinued operations | Discontinued operations | -43M USD | High |
| 2025/12/31 | Restructuring charges | Restructuring | -17M USD | Medium |
| 2025/06/30 | Business sale gain/loss | Asset sale gain/loss | 106M USD | Medium |
| 2025/06/30 | Discontinued operations | Discontinued operations | -16M USD | High |
| 2025/06/30 | Restructuring charges | Restructuring | -2B USD | Medium |
| 2025/03/31 | Restructuring charges | Restructuring | -5B USD | Medium |
| 2024/09/30 | Business sale gain/loss | Asset sale gain/loss | 1B USD | Medium |
| 2024/06/30 | Restructuring charges | Restructuring | -90M USD | Medium |
| 2024/03/31 | Restructuring charges | Restructuring | -180M USD | Medium |
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Quarterly and annual financial table
Financial DetailsShowing latest 5 / 14
| Period | Type | Revenue | Net Income | Adjusted net income | Free Cash Flow | Diluted EPS | Adjusted EPS |
|---|---|---|---|---|---|---|---|
| 2025/09/30 | Annual | 12B USD | -395M USD | 3B USD | - | -1.77 | 11.31 |
| 2024/09/30 | Annual | 12B USD | 4B USD | 1B USD | - | 17.18 | 6.54 |
| 2023/09/30 | Annual | 13B USD | 2B USD | 3B USD | - | 10.33 | 12.83 |
| 2022/09/30 | Annual | 13B USD | 2B USD | 2B USD | - | 10.14 | 10.76 |
| 2021/09/30 | Annual | 10B USD | 2B USD | 2B USD | - | 9.43 | 8.48 |
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