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Basf SE ADR BASFY

Rating as of

Morningstar’s Analysis

Valuation
Currency in USD
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1-Star Price

PREMIUM

5-Star Price

PREMIUM

Economic Moat

PREMIUM

Capital Allocation

PREMIUM

No Surprises In BASF’s Second-Quarter Results; Shares Fairly Valued

Rob Hales, CFA Equity Analyst

Analyst Note

| Rob Hales, CFA |

Narrow-moat BASF’s second-quarter results were in line with its preliminary numbers released on July 9. We don’t expect to make a material change to our forecast or EUR 73 ($22) fair value estimate. At current levels, the shares look fairly valued.

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Company Profile

Business Description

Based in Germany, BASF is the world’s largest chemical company, with products spanning the full spectrum of commodities to specialities. In addition, the company is a strong player in agricultural crop protection. Given its sheer size, BASF has a top-three market position in 70% of its businesses.

Contact
Carl-Bosch-Strasse 38
Ludwigshafen am Rhein, 67056, Germany
T +49 621600
Sector Basic Materials
Industry Chemicals
Most Recent Earnings Jun 30, 2021
Fiscal Year End Dec 31, 2021
Stock Type
Employees 107,646

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