It may be true that they are valued much more favorably. The question that should always be asked is: why? One answer could be the high debts that weigh on the company. EBIT of about $900 million is offset by net debt of almost $6 billion. On top of that, it is the smallest player in the industrial gas oligopoly. The risks are simply greater than for the other three companies.
@Boarkeinname Firstly, who else do they want to take over in a market that is virtually controlled by four companies? Secondly, they would probably have to take on new debt and that would not be so advantageous at the current level of debt.
