APD
Air Products and Chemicals Inc.
Industrial/Transportation
01/12/2015
Presented
| Date | 01/09/2015 |
| Price | $143.36 |
| Market Cap | $30.60B |
| Ent Value | $36.86B |
| P/E Ratio | 30.88x |
| Book Value | $34.49 |
| Div Yield | 2.1% |
| Shares O/S | 2,137.11M |
| Ave Daily Vol | 1,680,000 |
| Short Int | 1.49% |
Current
| Price | $323.23 |
| Market Cap | $71.86B |
| Air Products and Chemicals, Inc. provides atmospheric gases, process and specialty gases, performance materials, equipment, and services worldwide. The company operates in Merchant Gases, Tonnage Gases, Electronics and Performance Materials, and Equipment and Energy segments. The Merchant Gases segment sells atmospheric gases, such as oxygen, nitrogen, and argon; process gases, such as hydrogen, helium, and carbon dioxide; specialty gases; temporary gas supply services; and equipment for the metals, glass, electronics, chemical processing, food processing, healthcare, general manufacturing, and petroleum and natural gas industries. The Tonnage Gases segment offers hydrogen, carbon monoxide, nitrogen, oxygen, and syngas to the energy production and refining, chemical, and metallurgical industries. The Electronics and Performance Materials segment provides nitrogen trifluoride, arsine, phosphine, white ammonia, silicon tetrafluoride, carbon tetrafluoride, hexafluoroethane, tungsten hexafluoride, and critical etch gases; and tonnage gases, chemicals mechanical planarization slurries, specialty chemicals, services, and equipment for the manufacture of silicon and compound semiconductors and thin film transistor liquid crystal displays. This segment offers performance materials for a range of products, including coatings, inks, adhesives, civil engineering, personal care, institutional and industrial cleaning, mining, oil refining, and polyurethanes. The Equipment and Energy segment designs, manufactures, and sells cryogenic equipment for air separation, hydrocarbon recovery and purification, natural gas liquefaction, and helium distribution to the petrochemical manufacturing, oil and gas recovery and processing, and steel and primary metals processing industries. This segment also provides plant design, engineering, procurement, and construction management services. Air Products and Chemicals, Inc. was founded in 1940 and is headquartered in Allentown, Pennsylvania. |
Publicly traded companies mentioned herein: Air Products & Chemicals Inc (APD), Exxon Mobil Corporation (XOM), Linde AG (LIN GR), Praxair Inc (PX)
Highlights
The presenter is long shares of Air Products & Chemicals (APD), and thinks the Street and investors may be missing a key, interesting tailwind for profits over the next 12-24 months. The US Bureau of Land Management (BLM) owns the largest helium asset in the world (Amarillo, TX), and recently conducted its first helium auction (July 2014) under the Helium Stewardship Act. Favorable legislation put in place in 2013 allows for the continued sale to APD, Praxair and Linde, and a volume increase for APD at current price levels does not appear to be in Street numbers.
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