Trade the Air Liquide share!

How to sell or buy Air Liquide shares?

Trade the Air Liquide share!

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As a world leader in industrial and medical gases, before selling or buying Air Liquide shares, an in-depth analysis of the company's share price and trends is crucial. By examining financial performance, strategic partnerships and trends in the industrial and healthcare sector, investors can assess investment opportunities. This page offers detailed Air Liquide share data to analyse its share price.
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Information on Air Liquide shares
ISIN code: FR0000120073
Ticker: EPA: AI
Index or market: CAC 40

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Elements to consider before investing in this asset

Analysis N°1

In particular, the diversification of the Air Liquide Group's activities, especially in the renewable energy sector and other promising segments through the signing of contracts with photovoltaic cell producers, will be carefully studied.

Analysis N°2

The strategic plans put in place by the group are often communicated in detail to the public. It is therefore possible to consult them and compare them with the company's actual results in order to determine signals of increases or decreases in value.

Analysis N°3

The health sector, which represents a privileged target for the group, is also to be followed with the greatest interest.

Analysis N°4

Naturally, we will also keep a close eye on the development of the group's activities in emerging countries through the signing of contracts or the creation of partnerships.

Analysis N°5

Global economic health will also influence the price of this stock and you should therefore take this into account in your fundamental analysis before buying or selling Air Liquide shares.

Analysis N°6

Finally, and given the very specific business sector in which Air Liquide operates, the group's investments in research and development will be closely monitored.

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What should I know before sell and buy Air Liquide stock?

Buy Air Liquide shares

Air Liquide is a French company specialising in the production of industrial and medical gases. It is also one of the leaders in this sector internationally. However, its activities cover various fields, mainly industrial and medical gases such as oxygen, nitrogen, hydrogen and synthesis gas, but also equipment and services for controlling fluid systems and managing gases and chemical liquids, which account for 95.7% of its turnover, as well as welding and cutting equipment and fine chemicals, which account for 2.3% of turnover, or diving products directly related to its major activity. The remaining 2% of the Group's sales are in engineering and construction of gas production plants and the manufacture of advanced technology products.

Air Liquide's market is majorly European but also involves the rest of the world. Thus, only 12.9% of its revenue is generated in France and 23.6% in the rest of Europe. It also generates 32.9% of its turnover in the United States, 21.7% in Asia-Pacific and 3.1% in Africa and the Middle East.

Air Liquide's customers are mainly industrialists and large industrialists. In the large industrial sector, it targets large-volume users of gas and energy solutions with customers in various sectors such as chemicals, petrochemicals, refining and metallurgy.

Gas and other energy deliveries are made through direct pipelines set up and managed directly by Air Liquide, which has a network of more than 7,000 km of such pipelines, the largest in the world.

But other smaller industries are also part of Air Liquide's customer portfolio, including craftsmen and SMEs. Of course, these are also companies that consume gas but in smaller quantities. These customers come from various sectors, such as the food industry, heat treatment of metals, glass production or the formatting of certain metal parts. Here, Air Liquide does not use a pipeline delivery network but delivers its products directly in special packaging to the customer's site. To do this, the group can count on a fleet of more than 10,000 tankers that criss-cross the world under the brand name Gaz Industriels Services.

Photo credits: Konushna, CC BY-SA 3.0 via Wikimedia Commons

The major competitors of Air Liquide

The Air Liquide Group is undoubtedly the pioneer in its sector of activity but also the world leader in this field. However, although its direct competition is limited to three major companies, its market shares can at any time drop to the benefit of one of them and it is therefore more than important to know them. Here are the details of Air Liquide's main competitors.

Linde AG

Linde AG, a German gas and engineering group, is Air Liquide's main competitor. Moreover, it is also based in Europe, which makes it a serious competitor to watch closely.


Praxair is also a serious competitor of Air Liquide. It is indeed the largest industrial gas supply company in North and South America and one of the largest in the world in this sector.

Air Products and Chemicals

Air Products and Chemicals is an American industrial group of international stature, specialising in industrial and medical gases. It is headquartered in the United States in Allentown, Pennsylvania in the Lehigh Valley region where it is one of the largest employers.

The major partners of Air Liquide

Over the last few years, the Air Liquide Group has also set up well-thought-out partnerships with other major companies, which we invite you to discover here in more detail.


In 2013 in Japan, Air Liquide signed a partnership with Toyota Tsusho for the supply of hydrogen to electric vehicles.


The partners Air Liquide and Carrefour inaugurated a new clean energy station in Servon in 2017. It will supply the transporters with bioGNV and nitrogen for the refrigeration units.


Air Liquide and ArcelorMittal, the world's leading steel producer recently signed two long-term renewal contracts for the supply of oxygen, nitrogen and argon to ArcelorMittal's production sites located in the industrial port areas of Fos-sur-Mer and Dunkirk in France.

PAO Severstal

In 2019, Air Liquide has also set up a partnership with the steel group PAO Severstal for the supply of oxygen, nitrogen and argon in Russia. As part of this agreement, Air Liquide will pay €50 million to build a state-of-the-art Air Separation Unit or ASU to improve the energy efficiency and environmental footprint of Severstal's production process.


The same year, the group also announced the establishment of a partnership of great importance in China with a memorandum of understanding with the mining and chemical group Yankuang with the aim of developing the hydrogen-energy sector in the country.

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Positive factors for Air Liquide
The factors in favour of a rise in the Air Liquide share price:

The Air Liquide share is an asset with many qualities as an online investment medium.

  • Firstly, the company enjoys an international leading position in the industrial and medical gases sector. Its structure, divided into three major divisions including gas and industrial services, engineering and construction and global markets and technologies/equipment for space, aeronautics and cryogenics, is also a real asset for this company with diversified business lines.
  • The Air Liquide Group also benefits from a good distribution of its revenues according to geographical areas, with approximately 36% of its sales in the Americas, 38% in Europe and 23% in Asia-Pacific.
  • Its strategy of positioning itself on various buoyant and defensive markets such as health or cogeneration, which gives it an interesting innovative and avant-garde dimension.
  • Air Liquide is also a share that attracts many investors thanks to its rather optimistic results for more than 30 years. Growth over the last few decades has been more than 6% per year, with an average increase of 7.2% in earnings per share and 8.2% in dividends.
  • Air Liquide also offers a particularly attractive and solid business model, based on multi-year contracts that represent one third of the revenue generated by 20-year contracts and long-term industrial partnerships that allow the Group to best anticipate its future results and its high profitability, which announces a 25% operating margin.
  • Finally, Air Liquide is able to build shareholder loyalty thanks to a dividend distribution rate that exceeds 50% of profits and bonus share programmes every two years. The share has outperformed the CAC 40 for more than 20 years and is now considered as a core portfolio security thanks to its results, which have been growing steadily for more than a century.
Negative factors for Air Liquide
The factors in favour of a drop in the Air Liquide share price:

Of course, the Air Liquide share does not only present advantages for investors and it is also necessary to highlight some of the company's weak points before buying or selling this stock

  • Firstly, the Air Liquide Group's activity is considered to be highly capital-intensive. There has also been a price increase in the Group's take-or-pay contracts, the repercussions of which are not immediate and which favour the protection of margins in the medium term.
  • In addition, the company is currently experiencing the negative effects of the slowdown in global industrial production. Subsidiaries dedicated to electronics, engineering or construction are the most affected here, especially in the Middle East where they are currently taking a break.
  • Finally, Air Liquide is also experiencing a significant deterioration in its debt, despite a capital increase in the autumn of 2016 to finance its takeover bid for Airgas.
The information supplied here is only for indicative purposes and should not be used without the completion of a comprehensive and complete fundamental analysis of this asset notably taking into account exterior data, future publications and announcements and all fundamental events and news that could influence the strengths and weaknesses or make them more or less significant. This information does not in any way constitute recommendations relating to the completion of transactions or a solicitation to buy or sell an asset.

Frequently Asked Questions

How is Air Liquide's capital distributed?

Air Liquide's capital, in other words, its shareholding, is distributed among different types of shareholders. Thus, as of May 2020, 32% of the group's capital is held by individual shareholders. 18% of this capital belongs to French institutional investors and the remaining 50% is held by foreign institutional investors. Of course, this distribution may change over time.

Does the Air Liquide Group distribute bonus shares?

Air Liquide has distributed bonus shares on numerous occasions, the last of which took place in 2019. The Group proceeds in this way approximately every two years by allocating one bonus share for every ten shares owned on average, except in 2002 with one bonus share for every eight shares owned and in 2010 with one bonus share for every fifteen shares owned. In 2016 and due to the Airgas takeover, the group did not offer any bonus shares.

What is Air Liquide's dividend distribution policy?

Air Liquide's policy is to pay an annual dividend that has grown by 8.7% per year over the last 30 years, i.e. between 40 and 55% of the Group's net profit, the remainder being used for the development of the company with industrial investments, buy-outs and innovation. Air Liquide also pays a loyalty bonus of 10% additional dividends for shareholders who have held their shares for more than two years.

Why does the Air Liquide share price fall?

The Air Liquide share price can be influenced by several factors that can cause it to fall, such as the economic situation. Air Liquide is a company that operates in many economic sectors, such as industry, health, energy, the environment, etc. Therefore, any deterioration in the economic conditions worldwide or in any of these sectors may have a negative impact on Air Liquide's business and results, which could result in a decline in the share price. Air Liquide uses many raw materials to produce its products, including industrial gases. Fluctuations in the prices of these raw materials may have an impact on Air Liquide's production costs and therefore on its financial results and share price.Air Liquide is a world leader in industrial gases and related services, but faces strong competition in its markets. Changes in the competitive market may affect Air Liquide's performance and, consequently, its share price.

Where and how to buy or sell Air Liquide shares?

Buying or selling Air Liquide shares can be done through an online broker or an online bank that offers a trading service. It is important to choose a trusted broker that offers a reliable and secure trading platform. Air Liquide shares are listed on the Euronext Paris market, so it is possible to buy or sell them via an online trading platform specialising in this market. Investors can also buy or sell Air Liquide shares via CFDs (contracts for difference) offered by some brokers. It is important to bear in mind that buying shares involves risk and investors should be aware of these risks before making an investment decision. It is recommended to follow company news, monitor financial performance and consult market analysis before making a decision to buy or sell Air Liquide shares.

Trade the Air Liquide share!

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