TOTAL SHAREHOLDER RETURN (TSR) OVER 5, 10 AND 20 YEARS(1)
The TSR is one useful way to measure the value Air Liquide creates for its Shareholders over time. It measures the performance of registered shares over a given period, excluding tax but including Free Share allocations and reinvested dividends (both increased by the Loyalty Bonus).
This scatter plot shows the average total shareholder return (TSR) over 5, 10, and 20 years, calculated based on the performance of registered shares, net of taxes, and including the allocation of bonus shares and reinvested dividends (both adjusted upward to account for the Loyalty Bonus).
- For an investment of €100:
- Over 20 years (since 2005): €819.5 in 2025, representing an 8.2x multiplier.
- Over 10 years (since 2015): €300.4 in 2025, representing a multiplier of 3x.
- Over 5 years (since 2020): €160.6 in 2025, representing a multiplier of 1.6x.
AIR LIQUIDE’S PERFORMANCE COMPARED WITH THE CAC 40(2)
Historically, Air Liquide’s share has outperformed the CAC 40, which is the benchmark index comprising France’s 40 largest companies by market cap.
This line chart shows Air Liquide's performance relative to the CAC 40 index from 2005 to 2025, illustrating that, historically, Air Liquide stock has outperformed the CAC 40.
Air Liquide share price:
- 2005: €34.48.
- 2015: €68.95.
- 2020: €110.95.
- 2025: €160.26.
Performance comparison by period:
- Over 20 years (since 2005): Air Liquide: +365%. Indexed CAC 40: +73%.
- Over 10 years (since 2015): Air Liquide: +132%. Indexed CAC 40: +76%.
- Over 5 years (since 2020): Air Liquide: +44%. CAC 40 index: +47%.
In 2025:
- Air Liquide: +2%.
- CAC 40 index: +10%.
Data as of 12.31.25