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BASF SE (BFFAF)

Superavaliada
Basic MaterialsChemicalsGermany

Fundamental

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

Materials21.4%

Engineering plastics and polyurethane systems sold to the automotive, construction and furniture industries.

Chemicals16.9%

Basic petrochemicals and intermediates, largely feeding BASF's own downstream segments as well as outside customers.

Agricultural Solutions16.1%

Crop protection chemicals and seed treatments sold to farmers worldwide, BASF's highest-margin large segment.

Surface Technologies15%

Catalysts for vehicle emission control and battery materials, plus coatings for cars and industrial surfaces.

Industrial Solutions14.4%

Performance chemicals for industrial customers, including, since 2025, the chemical and refining catalysts business.

Nutrition & Care10.9%

Ingredients for food, pharmaceuticals, home care and personal care products, such as vitamins and surfactants.

Other5.4%

Non-allocated corporate businesses, including commodity trading activities, not attributed to the six operating segments.

O que impulsiona a procura

Cíclico

Chemical 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

Compare

Generated on 18 de setembro de 2026 with claude-haiku-4-5 — shared with all users

P/E: —Score: 48Market cap: $20.10B

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.

P/E: 50.8Score: 60Market cap: $53.01B

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 Industries N.V.LYB

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.

Saudi Basic Industries Corporation (SABIC)Not tracked

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.

China Petroleum & Chemical Corporation, Sinopec (中国石油化工股份有限公司)Not tracked

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 AGNot tracked

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

CíclicaSobrevalorizada

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

Preço-alvo dos analistas:$52.58
Fluxo de caixa descontado (DCF):Não aplicável a este tipo de empresa
Multiplicador de lucros (P/E):$40.85
Fórmula de crescimento de Graham:Não aplicável a este tipo de empresa
Valor da capacidade de gerar lucro (EPV):$25.95
P/B justificado:Não aplicável a este tipo de empresa
Desconto de dividendos (Gordon):Não aplicável a este tipo de empresa
P/FFO, fundos de operações:Não aplicável a este tipo de empresa
Lucros de meio de ciclo:Dados insuficientes para o calcular
Multiplicador sobre as receitas:Não aplicável a este tipo de empresa
Consenso dos Analistas:Comprar (15B / 8H / 6S)
Última Surpresa de Resultados:+52.54%

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

2/9

Preocupações financeiras graves

score
criteria

Qualidade dos Resultados

2.92

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

NomeCargoIdade
Dr. Markus KamiethCEO & Chairman of the Board of Executive Directors55
Dr. Dirk ElvermannMember of the Board of Executive Directors, CFO & Chief Digital Officer54
Mr. Anup KothariMember of the Board of Executive Director & President of the Nutrition and Health Division57
Dr. Stephan KothradeCTO & Member of the Board of Executive Directors58
Dr. Katja ScharpwinkelMember of the Board of Executive Director56
Dr. Mary KurianMember of Board of Executive Director48
Dr. Livio TedeschiMembers of the Board of Executive Director53
Mr. Christian-Matthias JutziSenior VP of Mobile Emissions Catalysts & President of Corporate Finance48
Dr. Stefanie WettbergSenior Vice President of Investor Relations52
Ms. Silke WischeroppGeneral Counsel & Chief Compliance Officer46

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.

No recent news for BFFAF.