WallStSmart

Air Products and Chemicals Inc (APD)vsRoyal Gold Inc (RGLD)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Air Products and Chemicals Inc generates 862% more annual revenue ($12.46B vs $1.30B). RGLD leads profitability with a 48.9% profit margin vs 16.9%. RGLD appears more attractively valued with a PEG of 1.06. RGLD earns a higher WallStSmart Score of 77/100 (B+).

APD

Buy

57

out of 100

Grade: C

Growth: 4.7Profit: 7.0Value: 4.0Quality: 3.5
Piotroski: 1/9Altman Z: 1.36

RGLD

Strong Buy

77

out of 100

Grade: B+

Growth: 10.0Profit: 8.5Value: 7.3Quality: 7.5
Piotroski: 1/9Altman Z: 2.38
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

APDSignificantly Overvalued (-89.1%)

Margin of Safety

-89.1%

Fair Value

$146.39

Current Price

$282.35

$135.96 premium

UndervaluedFair: $146.39Overvalued
RGLDUndervalued (+40.9%)

Margin of Safety

+40.9%

Fair Value

$482.69

Current Price

$206.07

$276.62 discount

UndervaluedFair: $482.69Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

APD2 strengths · Avg: 8.5/10
Market CapQuality
$62.19B9/10

Large-cap with strong market position

Operating MarginProfitability
23.6%8/10

Strong operational efficiency at 23.6%

RGLD6 strengths · Avg: 9.7/10
Profit MarginProfitability
48.9%10/10

Keeps 49 of every $100 in revenue as profit

Operating MarginProfitability
63.8%10/10

Strong operational efficiency at 63.8%

Revenue GrowthGrowth
143.0%10/10

Revenue surging 143.0% year-over-year

EPS GrowthGrowth
91.9%10/10

Earnings expanding 91.9% YoY

Debt/EquityHealth
0.0810/10

Conservative balance sheet, low leverage

Price/BookValuation
2.4x8/10

Reasonable price relative to book value

Areas to Watch

APD4 concerns · Avg: 3.5/10
PEG RatioValuation
2.094/10

Expensive relative to growth rate

P/E RatioValuation
29.5x4/10

Moderate valuation

Debt/EquityHealth
1.173/10

Elevated debt levels

Piotroski F-ScoreQuality
1/93/10

Weak financial health signals

RGLD2 concerns · Avg: 3.5/10
P/E RatioValuation
25.1x4/10

Moderate valuation

Piotroski F-ScoreQuality
1/93/10

Weak financial health signals

Comparative Analysis Report

WallStSmart Research

Bull Case : APD

The strongest argument for APD centers on Market Cap, Operating Margin. Profitability is solid with margins at 16.9% and operating margin at 23.6%.

Bull Case : RGLD

The strongest argument for RGLD centers on Profit Margin, Operating Margin, Revenue Growth. Profitability is solid with margins at 48.9% and operating margin at 63.8%. Revenue growth of 143.0% demonstrates continued momentum.

Bear Case : APD

The primary concerns for APD are PEG Ratio, P/E Ratio, Debt/Equity.

Bear Case : RGLD

The primary concerns for RGLD are P/E Ratio, Piotroski F-Score.

Key Dynamics to Monitor

APD profiles as a mature stock while RGLD is a growth play — different risk/reward profiles.

APD carries more volatility with a beta of 0.78 — expect wider price swings.

RGLD is growing revenue faster at 143.0% — sustainability is the question.

RGLD generates stronger free cash flow (294M), providing more financial flexibility.

Bottom Line

RGLD scores higher overall (77/100 vs 57/100), backed by strong 48.9% margins and 143.0% revenue growth. Both earn "Strong Buy" and "Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Air Products and Chemicals Inc

BASIC MATERIALS · SPECIALTY CHEMICALS · USA

Air Products and Chemicals, Inc. is an American international corporation whose principal business is selling gases and chemicals for industrial uses. Air Products' headquarters is in Allentown, Pennsylvania.

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Royal Gold Inc

BASIC MATERIALS · GOLD · USA

Royal Gold, Inc., acquires and manages precious metal flows, royalties and related interests. The company is headquartered in Denver, Colorado.

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