Hyderabad Stocks：Dividend Aristocrats in Focus： Air Products & Chemicals

Updated on April 29th, 2024 by Bob Ciura

Air Products & Chemicals (APD) May Not Be the Most Well-Known Company. It is Primarily a Business-Busness ManuFacturer and Distributor s.Hyderabad Stocks

However, Air Products & Chemicals is An Elite DividEnd Stock AS A Member of the DividEnd Aristocrats, A Group of Reliable DividEnt Stocks with 25+ Years of Con Con Conne Secutive DivIDENENENENISES.

We Beliefed the DividEnd Aristocrats are among the best division grecks stocks to build. Long with Important Metrics Like Price-Toarnings and DivicEnd Yields.

You can doubled a Copy of our divided aristocrats list by clicking on the link blow:

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Air Products & CHEMICALS ’DIVIDEND HISTORY -42 Years of Consecutive DividEnd Increases -Indicates that the Company is a Model of Consistency.Simla Stock

The Company Has Reinvented Ittem in Recent Years. S Model and Focusing on its core industry gas operations.

Air Products & Chemicals APPEARS POISED to Continue Raising ITS DIVIDEND For Many Years to Come.

Air Products & Chemicals is one of the Largerst Producers and Distributors of Atmospheric and Process Gasses in the World. Its Customers Include Other S in the Industrial, Technolog, Energy, and Materials Sectors. Air Products & Chemicals Founded in 1940 and Has A CurrentMarket Capitalization of ~ $ 52 Billion.

It Also has a significant interniational presence. Roughly 40% of the Company ’s Annual Sales are generally in the u.s.S.S. AndAda, With the Remainder Spread Across Lat in American, Europ, and Asia.

APD Has Generated Double-Digit Annualized Earnings Growth Over The Past Decade.

Source: Investor Presentation

Air Products & Chemicals Reported Financial Results for the First Quarter of Fiscal 2024 on February 7. Revenue of $ 3.0 Billion Decline 6% Year-Over-year.

The DeCline was, in part, the result of a Tough Comparison Compared to the Previous Year ’s Very Strong Quarter. Allowed the company to grow profits.

Earnings-Per-Share of $ 2.82 During the First Quarter Rose 7% Compared to the Previous Year ’s Period. % During the Period.

Follow a record year in 2023, Air Products & Chemicals is Guiding for Another Record Profit in Fiscal 2024, With Earnings-PER-SHRE Seen at $ 12.50.

The StreamLining Initiatives Undertaken by Air Products & Chemicals in The Past Several Years have to Significant Profitability Improvements for the. Dustric Gas Giant. The Company ’s eBitda Margin Trend Over the Last Several Years Can be seen Below:Kanpur Investment

Air Products & Chemicals Has Expanded Its Adjusted EBITDA Margin By Inded with Growing Adjusted EBITDA to Drive Higher Earnings-Per-Share and Dividends.

Source: Investor Presentation

It will Also Grow Due to International Expansion, as the Company ’s Games Asia Business Has Delivered the Highest Growth Rate in The Recent Past, Although iter an business remains the largest segment.

Air Products & Chemicals has a number of growth projects either renceledly or scheduled to be completed in the completing months.

Some of the Investments Around the World Include Building A Second liquid Hydrogen Plant in California, a need T in India, And Helium Investments in Algeria.

Air Products & Chemicals Sepately Annound that it will build the firstrTRTROGEN Fuel Cell Vehicle Fueling Station in Saudi Arabia, Along with Oil Giant Saudi AR AMCO.

Air Products & Chemicals Has Also Annound Several More Projects That Will Comine During The Next Couple of Years, Including A Major $ 3.5 Billion Jings Enture with yankuang in China.

Last Year, Air Products & Chemicals Announded A New $ 7 Billion Carbon-Free Hydrogen Joint Venture with NEOM that Will Drive Energy Then, then

These Investments, Coupled with Margin Growth Initiatives, Should Lead to Meaningful Earnings Growth for the Company Over the Coming Years. We Expect 6% Annualized EPS Growth Over the Next Five Years.

Air Products & Chemicals has a number of competitive advantages. The first and primary advantage the company is ites size and market share.

Moreover, The Industrial Gas Distribution Business FROM HIGH SWITCHING COSTS. Y to Switch Once their Gas Needs Are Being Met by A PARTICular SUPPLIER BeECAUSE It WOULD Be DIFFICULT to Find A Competitor that OffersIDENTICAL Services in a PARTICULAR GEOGRAPHIC Region.

To that end, Air Products & Chemical ’SIZE Also Benefits the Company.

The Company ’s Recent DiveStitures and Asset Sales have given it an information of cash, the bolstering its corporate in a way that should help it endure and upcoming omic Downloads. Moreover, Air Products & Chemicals Has a Track ReCord of Performing Reasonable Well During Past Recessions.

Consider The Company ’s Performance During the 2007-2009 Financial Crisis for Evidence of this:

2007 Adjusted Earnings-Per-Share: $ 4.40

2008 Adjusted Earnings-Per-Share: $ 4.97 (13% Increase)

2009 Adjusted Earnings-Per-Share: $ 4.06 (18.3% DeCline)

2010 Adjusted Earnings-Per-Share: $ 5.02 (23.6% Increase)

Air Products & Chemicals Experienced An 18.3% DeCline in Adjusted Earnings-Per-Share in 2009 During the Financial Crisis, but the Company ’s Bottom Line Surged TO a New High By 2010.

The Company Also Remaind Highly Profitable in 2020, A Difficult Year for the Global Economy Due to the Coronavirus Pandemic. U.S. Economy Entertainment A s a Result of the Pandemic, But Air Products & Chemicals Experienced only a Mild Dip in Earnings, Which Allowedit to control raising its division.

With A 6% Expected Growth Rate, in Addition to A 3.0% DivIDEND YIELD, One Might Anticipate High Single-Digit Annual Returns from the Security. However, IS IS Impeatic to consider how value can impact future return.

USING $ 12.35 as the extens. d earnings. For Context, The Stock Has Traded at an Average Earnings Multiple CLOSER to 18 Over TheLast 10 Years.

We Believe that 19 Times Earnings is a fair value for Air Products & Chemicals, Meaning Shares Are Slightly Overvalued. GS Ratio of 19 COULD LOWER AnNualized Returns by 0.3% Over A 5-Year Time Horizon.

As such, we explect topal annual restUrns to consist of the following:

6% Earnings-PER-SHARE GROWTH

3.0% DivIDEND YIELD

-0.3% P/E Multiple Compression

We Expect Total Annual Returns of 8.7% Per Year Through 2028.

Air Products & Chemicals is a Strong Dividend Growth Stock, HAVING RAISED ITS DIVIDEND EACH Year For The Past 42 Years.

The Company Has de-Risked Its Business Model and that Business Transitions It to Focus On ITS CORE Business Games.

Moreover, It has a large slatete of new projects to Help Stay on Track for Growth in the Coming Years. This Should Benefit Shareholders in The Form of Continically ncreases on annual basis.

With expected annual returns of 8.7%, we rate the stock as a hold right now.

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