Air Products (APD) Financial Forecast Calculator
Interactive 5-year forecast and DCF for Air Products. Adjust revenue growth, gross margin, capex intensity, WACC, and terminal growth - see revenue, free cash flow, and enterprise value update in real time. Seeded from Air Products’s most recent SEC filings.
Assumptions
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Frequently asked
What does Air Products (APD) do?+
Air Products and Chemicals, Inc. is a global leader in industrial gases, supplying atmospheric and process gases to various industries including refining, chemicals, and electronics. The company is also the world's largest supplier of hydrogen and is heavily involved in multi-billion-dollar clean hydrogen megaprojects to support the global energy transition.
How does Air Products generate revenue?+
Air Products generates revenue through its highly asset-heavy business model, which relies on long-term take-or-pay contracts with energy cost pass-through provisions. This structure contributes to extremely stable cash flows across its Americas, Asia, and Europe segments.
Why is Air Products' capital expenditure (Capex) so high?+
Air Products' capital expenditure is extraordinarily high, around 30-40% of revenue, primarily due to its current megaproject cycle. This includes significant investments in growth projects such as the NEOM green hydrogen project and other blue hydrogen initiatives.
What is the purpose of the Air Products financial model?+
The Air Products financial model provides a comprehensive equity valuation and capital allocation analysis. It helps analysts evaluate whether the company's predictable industrial gas cash flows can successfully fund its massive clean energy transition megaprojects without jeopardising its dividend track record or 'A' credit rating.
Can I download an Excel financial model for Air Products (APD)?+
Yes, an Excel financial model for Air Products (APD) is available for download. This model provides a forecast horizon from FY2026 through FY2030, enabling detailed analysis of the company's future performance.
What is the assumed revenue growth rate in the Air Products financial model?+
The financial model for Air Products assumes a revenue growth rate of approximately 9.02%. This key assumption is used to project the company's top-line expansion over the forecast horizon.
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