BASF SE (BFFAF)
SuperavaliadaFundamental
57
Preço
$50.18
Capitalização de Mercado
$46.25B
Parte 1 · Quanto vale a empresa
Visão Geral
BASF is a German chemicals group that turns crude oil, natural gas and other raw materials into the intermediate products other industries build on: plastics, coatings, catalysts, crop protection chemicals and ingredients for food, pharmaceuticals and personal care. Its plants are organized in integrated complexes ("Verbund" sites) where one factory's waste heat or by-product becomes another's raw material, and it sells worldwide across chemicals, automotive, construction, agriculture and consumer goods customers.
Como gera receita
Revenue comes from selling chemical products by volume and price, so results swing with the price of oil and gas feedstocks, plant utilization and global industrial demand rather than following a subscription-like pattern. Margins are thinnest in basic Chemicals, where products are largely interchangeable with competitors', and richer in specialty areas like Agricultural Solutions and Surface Technologies, where formulations and application know-how are harder to copy.
Receita por segmento
Engineering plastics and polyurethane systems sold to the automotive, construction and furniture industries.
Basic petrochemicals and intermediates, largely feeding BASF's own downstream segments as well as outside customers.
Crop protection chemicals and seed treatments sold to farmers worldwide, BASF's highest-margin large segment.
Catalysts for vehicle emission control and battery materials, plus coatings for cars and industrial surfaces.
Performance chemicals for industrial customers, including, since 2025, the chemical and refining catalysts business.
Ingredients for food, pharmaceuticals, home care and personal care products, such as vitamins and surfactants.
Non-allocated corporate businesses, including commodity trading activities, not attributed to the six operating segments.
O que impulsiona a procura
CíclicoChemical volumes track global industrial production, construction and automotive output closely, so demand rises and falls with the manufacturing cycle rather than staying steady. BASF's own outlook ties its results to assumptions about global GDP growth, oil prices and the health of the automotive and construction sectors, and it has flagged persistent margin pressure across several product lines.
Principais riscos
- Margin pressure across product lines — The company states that continuing pressure on margins for a number of products and value chains may lead to further declining margins, driven by price competition and raw material cost swings.
- Energy and raw material cost exposure — As an energy-intensive producer, BASF's margins move with oil and gas prices, and higher CO2 costs under emissions trading schemes and energy legislation add a further regulatory cost layer.
- Production disruption — Unplanned plant shutdowns from accidents, equipment failure or extreme weather can interrupt supply from BASF's integrated Verbund sites, even with redundant facilities and crisis management in place.
- Macroeconomic and geopolitical risk — An unexpected slowdown in global growth, rising protectionism, or escalation of geopolitical conflicts could disrupt supply chains and constrain the energy and raw materials BASF depends on.
Written by the editors, published on 18 de agosto de 2026
Direct competitors
Who this company fights with for the same customers
Generated on 18 de setembro de 2026 with claude-haiku-4-5 — shared with all users
Dow is the closest Western equivalent to BASF's core portfolio, selling the same petrochemicals, polyethylene, polyurethanes and performance materials to the same packaging, automotive and construction customers worldwide.
Corteva competes with BASF Agricultural Solutions for the same farmers, selling crop protection chemistry and seed traits into the same North American, Brazilian and European growing seasons.
LyondellBasell competes head-on with BASF's Chemicals and Materials segments in olefins, propylene oxide, polypropylene and other intermediates sold to industrial converters in Europe and the Americas.
SABIC supplies the same commodity polymers and basic chemicals to European and Asian customers, and is exactly the low-cost Middle Eastern competition BASF names as the pressure on its core businesses.
Sinopec is the world's second-largest chemical producer and takes share from BASF in Asian volumes of ethylene, polyolefins and basic intermediates — the Chinese competition BASF flags in its 2025 report.
Covestro, now owned by Abu Dhabi's XRG and delisted from Frankfurt in May 2026, is BASF's direct rival in isocyanates (MDI/TDI), polycarbonates and polyurethane systems for the same automotive, furniture and insulation customers.
Balanço & Liquidez
Receita
$62.80B
Últimos 12 meses até o último trimestre divulgado — estimativa a partir de métricas por ação
Resultado Líquido
$5.88B
Últimos 12 meses até o último trimestre divulgado — estimativa a partir de métricas por ação
Fluxo de Caixa Livre
$1.05B
Capital Próprio Total
$37.04B
Passivo Total
$26.68B
Rácio de Liquidez
1.85
Cobertura de Juros
-
Dívida/EBITDA
4.06
Resultados Por Ação
Receita & Resultado Líquido
Fluxo de Caixa Livre
Decomposição dos Resultados
Demonstração histórica
Margens ao longo do tempo
A dívida ao longo do tempo
Quanto pesa a dívida
Grelha do crescimento
Crescimento — Receitas
Estimativa de Valor Justo
Valor Justo
$40.53
Preço Atual
$50.18
Margem de Segurança
-23.8%
Intervalo de Valor Justo
$28.33 - $52.73
Dispersão entre os métodos de avaliação utilizados, não um intervalo de confiança calibrado estatisticamente.
Métodos de Estimativa
Métricas de Avaliação
Rácio P/E
7.54
ROE
6.1%
Rácio P/B
1.22
P/FCF
43.84
Margem Bruta
24.0%
ROIC
4.0%
Radar de Rentabilidade
Criação de Valor (Vantagem Competitiva)
ROIC
4.0%
WACC
5.1%
ROIC − WACC
-1.1 pp
O ROIC está abaixo do custo do capital — a empresa está a destruir valor a cada dólar investido.
Critérios de Análise Fundamental
Aprovado (10)
- P/B Ratio 1.22
- Debt/Equity ratio
- Positive Free Cash Flow
- Current Ratio
- Debt/EBITDA
- Price below Graham Number
- ROE 17.0%
- Analyst Consensus 52% Buy
- Earnings Quality (OCF/NI) 2.92
- Net Margin Trend 2.7% vs 2.0%
Reprovado (10)
- Price CAGR -5.21%
- ROIC 4.0%
- Gross Margin 24.0%
- P/FCF 43.84
- Operating Margin 3.7%
- CapEx intensity
- DCF valuation (Overvalued)
- Revenue Growth 5Y 0.2%
- Earnings Surprise avg -21.9%
- Piotroski F-Score 2/9
Indisponível (7)
- EPS data insufficient
- Dividend Payout NaN%
- Interest Coverage
- Return on Tangible Assets
- Low reliance on intangibles
- PEG Ratio (need PE > 0 and growth > 0)
- Share Dilution (missing shares data)
Piotroski F-Score
Preocupações financeiras graves
Qualidade dos Resultados
Alta qualidade: resultados respaldados por caixa
Diluição de Ações
A recomprar ações. Favorável ao acionista
Participações institucionais
Não há declarações institucionais para esta empresa.
Governação
Equipa Executiva
| Nome | Cargo | Idade |
|---|---|---|
| Dr. Markus Kamieth | CEO & Chairman of the Board of Executive Directors | 55 |
| Dr. Dirk Elvermann | Member of the Board of Executive Directors, CFO & Chief Digital Officer | 54 |
| Mr. Anup Kothari | Member of the Board of Executive Director & President of the Nutrition and Health Division | 57 |
| Dr. Stephan Kothrade | CTO & Member of the Board of Executive Directors | 58 |
| Dr. Katja Scharpwinkel | Member of the Board of Executive Director | 56 |
| Dr. Mary Kurian | Member of Board of Executive Director | 48 |
| Dr. Livio Tedeschi | Members of the Board of Executive Director | 53 |
| Mr. Christian-Matthias Jutzi | Senior VP of Mobile Emissions Catalysts & President of Corporate Finance | 48 |
| Dr. Stefanie Wettberg | Senior Vice President of Investor Relations | 52 |
| Ms. Silke Wischeropp | General Counsel & Chief Compliance Officer | 46 |
Risco de Auditoria
2
Risco do Conselho
5
Risco de Remuneração
1
Risco dos Direitos dos Acionistas
1
Parte 2 · O preço e o momento de entrar
Esta parte não serve para saber se a empresa vale: serve para escolher quando comprá-la, depois que os fundamentos te convenceram. Dentro: análise técnica, potencial, quedas históricas, exposição gama.
Latest News
Recent headlines for BFFAF, sourced from Markets Gazette.