$506.63
-15.9% vs S&P 12m
Business overview
Global industrial gas supplier with major exposure to electronics-grade gases used in semiconductor manufacturing and energy infrastructure for data centers.
Long-term take-or-pay contracts on industrial gases lock in cash flow as AI fab capacity ramps. Also a major SOFC and hydrogen play for data center power.
Products
- Electronics gases
- Industrial gases
- Hydrogen
- Engineering
Customers (3)
- Semiconductor fabs
- Refiners
- Datacenter operators
Competitors (3)
- Air Liquide
- Air Products
- Taiyo Nippon Sanso
Composite score
Higher = stronger overall research case
Fundamental58
Technical67
Valuation30
AI relevance38
Risk-adjusted (higher = safer)65
Segment-relative fundamental percentile: 100
Synthetic 1Y price action
Deterministic price series; 50d (yellow) and 200d (orange) MAs shown
3M RS: -4.9%6M RS: 9.9%12M RS: -15.9%Vol30d: 20%DD52w: -1.3%
Financial summary
Curated, illustrative
Revenue
$34.65B
Growth (YoY)
8.2%
Gross margin
48.8%
Operating margin
28.5%
FCF
$4.69B
Capex
$5.73B
Net cash / (debt)
$-22.36B
ROIC
7.2%
Customer conc.
Medium
Valuation
Market cap
$234.24B
Enterprise value
$256.60B
P/E (TTM)
33.6x
Forward P/E
25.7x
EV / Sales
7.4x
EV / EBITDA
18.9x
P / FCF
49.9x
PEG
2.4x
Rule of 40
—
Risks
Severity 1 (low) to 5 (severe)
- 2Energy price sensitivity
- 3Valuation premium
Score components
What drove the composite
Growth47
Profitability81
Cash generation56
Balance sheet54
Moat / AI relevance48
Capital intensity (higher = lighter)44
Customer diversification60
Valuation discipline (dilution)65
Trend (MA50/MA200)95
Momentum (3/6/12m)52
Relative strength35
Realized vol (higher = lower vol)79
Segment peers
Other companies in Raw inputs