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 bubble chart illustrates the average Total Shareholder Return (TSR) over 5, 10, and 20 years, based on the performance of registered shares, excluding taxation, and including free share allocations and reinvested dividends (both enhanced through the Loyalty Bonus program).
- For an initial investment of €100:
- Over 20 years (from 2005 to 2025), the investment grew to €819.5, representing a return multiple of x8.2.
- Over 10 years (from 2015 to 2025), the investment grew to €300.4, representing a return multiple of x3.
- Over 5 years (from 2020 to 2025), the investment grew to €160.6, representing a return multiple of x1.6.
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 compares the performance of Air Liquide shares with the CAC 40 indexed benchmark from 2005 to 2025, highlighting that historically Air Liquide shares have outperformed the CAC 40 over the long term.
Air Liquide share prices shown on the chart are:
- 2005: €34.48
- 2015: €68.95
- 2020: €110.95
- 2025: €160.26
Performance comparison by period:
- Over 20 years (from 2005 to 2025): Air Liquide: +365%. CAC 40 indexed: +73%
- Over 10 years (from 2015 to 2025): Air Liquide: +132%. CAC 40 indexed: +76%.
- Over 5 years (from 2020 to 2025): Air Liquide: +44%. CAC 40 indexed: +47%.
Performance in 2025 alone:
- Air Liquide: +2%
- CAC 40 indexed: +10%