L'Air Liquide: Solid Q3 Execution, And Valuation Upside
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Mare Evidence Lab5.91K FollowersFollow5ShareSavePlay(8min)CommentsSummaryQ3 results showed resilient sales growth and a record €4.9 billion project backlog, supporting medium-term visibility.Growth catalysts include the DIG Gases acquisition, AI/data center tailwinds, and underappreciated electronics and space-related applications.Attractive relative valuation with re-rating potential. We remain buyers. Margarita-Young/iStock Editorial via Getty Images Following our recent analysis of Linde and Air Products and Chemicals, we return to Air Liquide S.A. (AIQUF, AIQUY). Across the industrial gases space, we see several shared upside drivers, and afterThis article was written byMare Evidence Lab5.91K FollowersFollowBuy-side hedge professionals conducting fundamental, income oriented, long term analysis across sectors globally in developed markets. Please shoot us a message or leave a comment to discuss ideas.DISCLOSURE: All of our articles are a matter of opinion, informed as they might be, and must be treated as such. We take no responsibility for your investments but wish you best of luck.Analyst’s Disclosure:I/we have a beneficial long position in the shares of AIQUF, AIQUY either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.