L'Air Liquide S.A
L'Air Liquide S.A. provides gases, technologies, and services for the industrial and health sectors in Europe, the Americas, the Asia Pacific, the Middle East, and Africa. It operates in Gas & Services, Engineering & Construction, and Global Markets & Technologies segments. The Gas & Services segment comprises large industries business, which offers gas and energy solutions including oxygen, nitr… Read more
L'Air Liquide S.A (AIQUF) - Net Assets
Latest net assets as of June 2025: $25.22 Billion USD
Based on the latest financial reports, L'Air Liquide S.A (AIQUF) has net assets worth $25.22 Billion USD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($49.34 Billion) and total liabilities ($24.11 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $25.22 Billion |
| % of Total Assets | 51.12% |
| Annual Growth Rate | 7.95% |
| 5-Year Change | 45.34% |
| 10-Year Change | 116.28% |
| Growth Volatility | 7.7 |
L'Air Liquide S.A - Net Assets Trend (2003–2024)
This chart illustrates how L'Air Liquide S.A's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for L'Air Liquide S.A (2003–2024)
The table below shows the annual net assets of L'Air Liquide S.A from 2003 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $27.62 Billion | +10.30% |
| 2023-12-31 | $25.04 Billion | +1.92% |
| 2022-12-31 | $24.57 Billion | +11.70% |
| 2021-12-31 | $22.00 Billion | +15.76% |
| 2020-12-31 | $19.00 Billion | -1.65% |
| 2019-12-31 | $19.32 Billion | +6.13% |
| 2018-12-31 | $18.21 Billion | +8.91% |
| 2017-12-31 | $16.72 Billion | -2.37% |
| 2016-12-31 | $17.12 Billion | +34.09% |
| 2015-12-31 | $12.77 Billion | +7.98% |
| 2014-12-31 | $11.83 Billion | +8.62% |
| 2013-12-31 | $10.89 Billion | +4.25% |
| 2012-12-31 | $10.44 Billion | +4.49% |
| 2011-12-31 | $10.00 Billion | +9.69% |
| 2010-12-31 | $9.11 Billion | +17.55% |
| 2009-12-31 | $7.75 Billion | +10.65% |
| 2008-12-31 | $7.01 Billion | +8.17% |
| 2007-12-31 | $6.48 Billion | -1.38% |
| 2006-12-31 | $6.57 Billion | +5.77% |
| 2005-12-31 | $6.21 Billion | +8.64% |
| 2004-12-31 | $5.72 Billion | +3.18% |
| 2003-12-31 | $5.54 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to L'Air Liquide S.A's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 425.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $21.84 Billion | 81.31% |
| Common Stock | $3.18 Billion | 11.84% |
| Other Components | $1.84 Billion | 6.85% |
| Total Equity | $26.86 Billion | 100.00% |
L'Air Liquide S.A Competitors by Market Cap
The table below lists competitors of L'Air Liquide S.A ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Crowdstrike Holdings Inc
NASDAQ:CRWD
|
$108.59 Billion |
|
Altria Group
NYSE:MO
|
$109.00 Billion |
|
Capital One Financial Corporation
NYSE:COF
|
$109.74 Billion |
|
ICICI Bank Limited
NYSE:IBN
|
$109.95 Billion |
|
Constellation Energy Corp
NASDAQ:CEG
|
$107.51 Billion |
|
Applovin Corp
NASDAQ:APP
|
$107.18 Billion |
|
T-Mobile US Inc
NASDAQ:TMUS
|
$106.51 Billion |
|
Lockheed Martin Corporation
NYSE:LMT
|
$106.03 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in L'Air Liquide S.A's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 24,321,500,000 to 26,860,000,000, a change of 2,538,500,000 (10.4%).
- Net income of 3,306,100,000 contributed positively to equity growth.
- Dividend payments of 1,718,100,000 reduced retained earnings.
- Share repurchases of 230,800,000 reduced equity.
- New share issuances of 34,400,000 increased equity.
- Other comprehensive income increased equity by 1,353,700,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $3.31 Billion | +12.31% |
| Dividends Paid | $1.72 Billion | -6.4% |
| Share Repurchases | $230.80 Million | -0.86% |
| Share Issuances | $34.40 Million | +0.13% |
| Other Comprehensive Income | $1.35 Billion | +5.04% |
| Other Changes | $-206.80 Million | -0.77% |
| Total Change | $- | 10.44% |
Book Value vs Market Value Analysis
This analysis compares L'Air Liquide S.A's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 4.01x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 17.11x to 4.01x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2003-12-31 | $10.93 | $187.03 | x |
| 2004-12-31 | $11.92 | $187.03 | x |
| 2005-12-31 | $12.53 | $187.03 | x |
| 2006-12-31 | $13.74 | $187.03 | x |
| 2007-12-31 | $13.85 | $187.03 | x |
| 2008-12-31 | $15.27 | $187.03 | x |
| 2009-12-31 | $16.83 | $187.03 | x |
| 2010-12-31 | $19.56 | $187.03 | x |
| 2011-12-31 | $21.30 | $187.03 | x |
| 2012-12-31 | $22.32 | $187.03 | x |
| 2013-12-31 | $23.21 | $187.03 | x |
| 2014-12-31 | $25.16 | $187.03 | x |
| 2015-12-31 | $26.36 | $187.03 | x |
| 2016-12-31 | $34.69 | $187.03 | x |
| 2017-12-31 | $31.50 | $187.03 | x |
| 2018-12-31 | $34.19 | $187.03 | x |
| 2019-12-31 | $36.22 | $187.03 | x |
| 2020-12-31 | $35.55 | $187.03 | x |
| 2021-12-31 | $41.13 | $187.03 | x |
| 2022-12-31 | $45.30 | $187.03 | x |
| 2023-12-31 | $42.19 | $187.03 | x |
| 2024-12-31 | $46.59 | $187.03 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently L'Air Liquide S.A utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 12.31%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.22%
- • Asset Turnover: 0.52x
- • Equity Multiplier: 1.93x
- Recent ROE (12.31%) is below the historical average (14.28%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 14.29% | 8.64% | 0.76x | 2.17x | $217.68 Million |
| 2004 | 14.52% | 8.32% | 0.65x | 2.68x | $242.74 Million |
| 2005 | 16.51% | 8.95% | 0.64x | 2.88x | $368.17 Million |
| 2006 | 15.95% | 9.15% | 0.67x | 2.59x | $373.72 Million |
| 2007 | 17.75% | 9.52% | 0.65x | 2.89x | $490.27 Million |
| 2008 | 17.79% | 9.31% | 0.64x | 3.01x | $534.32 Million |
| 2009 | 16.22% | 10.27% | 0.58x | 2.72x | $471.63 Million |
| 2010 | 15.76% | 10.41% | 0.60x | 2.53x | $513.25 Million |
| 2011 | 15.73% | 10.62% | 0.60x | 2.47x | $559.04 Million |
| 2012 | 15.58% | 10.38% | 0.61x | 2.45x | $569.93 Million |
| 2013 | 15.44% | 10.77% | 0.61x | 2.36x | $577.79 Million |
| 2014 | 14.43% | 10.84% | 0.57x | 2.32x | $511.35 Million |
| 2015 | 14.16% | 10.72% | 0.57x | 2.33x | $515.83 Million |
| 2016 | 11.01% | 10.17% | 0.41x | 2.64x | $169.82 Million |
| 2017 | 13.48% | 10.81% | 0.50x | 2.51x | $567.81 Million |
| 2018 | 11.88% | 10.06% | 0.50x | 2.36x | $335.09 Million |
| 2019 | 11.88% | 10.23% | 0.50x | 2.31x | $354.46 Million |
| 2020 | 13.13% | 11.89% | 0.49x | 2.26x | $580.87 Million |
| 2021 | 11.98% | 11.02% | 0.50x | 2.18x | $425.97 Million |
| 2022 | 11.62% | 9.22% | 0.60x | 2.09x | $385.16 Million |
| 2023 | 12.66% | 11.15% | 0.57x | 1.99x | $645.85 Million |
| 2024 | 12.31% | 12.22% | 0.52x | 1.93x | $620.10 Million |
Industry Comparison
This section compares L'Air Liquide S.A's net assets metrics with peer companies in the Specialty Chemicals industry.
Industry Context
- Industry: Specialty Chemicals
- Average net assets among peers: $5,699,876,483
- Average return on equity (ROE) among peers: -14.55%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| L'Air Liquide S.A (AIQUF) | $25.22 Billion | 14.29% | 0.96x | $107.70 Billion |
| AirBoss of America Corp (ABSSF) | $37.88 Million | 4.86% | 1.22x | $57.06 Million |
| Asia Carbon Industries Inc (ACRB) | $27.99 Million | 26.12% | 0.23x | $0.96 |
| Aimia Inc (AIMFF) | $1.33 Billion | 12.47% | 2.95x | $103.68 Million |
| Akzo Nobel N.V (AKZOF) | $6.31 Billion | 13.19% | 1.57x | $9.73 Billion |
| Albemarle Corp (ALB) | $9.78 Billion | -5.22% | 0.67x | $19.47 Billion |
| ALPEK S.A.B. de C.V (ALPKF) | $33.22 Billion | -32.85% | 2.09x | $214.40 Million |
| Altech Batteries Limited (ALTHF) | $22.64 Million | -123.97% | 0.68x | $27.89 Million |
| Arcadium Lithium plc (ALTM) | $544.00 Million | 9.23% | 0.58x | $6.26 Billion |
| Alto Ingredients Inc (ALTO) | $28.52 Million | -34.80% | 0.69x | $212.84 Million |