AIQUF - Air Liquide: Strong 2023 But Fast Growth In The Future Is Unlikely
2024-02-26 04:12:07 ET
Summary
- In 2023, Air Liquide had relatively strong profit growth, with recurring net profit at constant exchange rates rising 13.3% year over year to €3.32 billion.
- Given the Company has a goal of group comparable sales growth CAGR of 5% to 6% from 2021 to 2025, the company's future revenue growth might not be very fast.
- Air Liquide is a quality company trading at a premium valuation where fast profit growth past 2025 could be harder as a company can increase margins only by so much.
- I rate the stock a 'Hold' as a result.
L'Air Liquide S.A. ( OTCPK:AIQUF ), also known as Air Liquide, is one of the world's largest industrial gas companies.
Despite inflation headwinds in recent years, Air Liquide's stock has done really well over the last five years with the stock around doubling....
Air Liquide: Strong 2023, But Fast Growth In The Future Is Unlikely