Skip to Content
Morningstar

Basf SE BAS

Morningstar Rating
Unlock
Stock XETR Rating as of
€48.83 −2.17 (4.25%)
View Full Chart
As of Delayed Price Closed
Unlock our analysis with Morningstar Investor
Start Free Trial

Company Report

View Archive

BASF Earnings: Slight Volume Growth Supports Our Recovery Thesis

Seth Goldstein

Following inventory destocking that weighed heavily on 2023 profits, BASF reported solid results for the first quarter of 2024. Volume excluding metals trading rose 2% versus the prior-year quarter, a much-improved result versus the 12% volume decline for full-year 2023. The results were in line with our view that BASF will see a profit rebound in 2024 as slightly higher volume allows the company to run its plants at a higher capacity utilization, taking advantage of the Verbund process (the physical integration of production, market platforms, and technologies that tie the businesses together) that underpins our narrow moat rating based on a cost advantage.

Read Full Report

Price vs Fair Value

View History
BAS is trading within a range we consider fairly valued.
Price
€51.11
Fair Value
€44.00
Uncertainty
Medium
1-Star Price
€22.70
5-Star Price
€16.10
Economic Moat
Kyflff
Capital Allocation
Nxsyskqq

Bulls Say, Bears Say

Bulls

BASF’s Verbund concept drives strong returns through operational optimization that minimizes production costs despite the firm’s reliance on costlier feedstocks than peers.

Bears

The Verbund concept can be replicated, potentially eroding the firm’s cost advantage if enough competitors implement similar processes.

Show More
Is it the right time to buy, sell, or hold?
Start a free trial of Morningstar Investor to unlock exclusive ratings and continuous analyst coverage to help you decide if BAS is a good fit for your portfolio.
Get 7 Days Free

News

View All

Trading Information

Previous Close Price
€50.99
Day Range
€47.99–48.88
52-Week Range
€40.25–54.93
Bid/Ask
€48.83 / €0.00
Market Cap
€43.58 Bil
Volume/Avg
5.3 Mil / 2.6 Mil

Key Statistics

Price/Earnings (Normalized)
20.88
Price/Sales
0.69
Dividend Yield (Trailing)
6.63%
Dividend Yield (Forward)
6.63%
Total Yield
6.78%

Company Profile

Founded in 1865 and based in Germany, BASF is the world’s largest chemical company, with products spanning the full chemical spectrum of commodity to specialty. In addition, the company is a strong player in agricultural crop protection chemicals and emissions control catalysts for cars and trucks. Given its sheer size, BASF has a top-three market position in approximately 70% of its businesses.
Sector
Basic Materials
Industry
Chemicals
Stock Style Box
Large Value
Total Number of Employees
111,855
Website
https://www.basf.com

Comparables

Valuation

View More
Metric
BAS
LXS
1COV
Price/Earnings (Normalized)
 20.8863.75—
Price/Book Value
 1.220.401.39
Price/Sales
 0.690.310.64
Price/Cash Flow
 8.106.9718.59
Price/Earnings
BAS
LXS
1COV

Financial Strength

Metric
BAS
LXS
1COV
Quick Ratio
 1.231.171.04
Current Ratio
 2.092.671.79
Interest Coverage
 1.74−2.361.02
Quick Ratio
BAS
LXS
1COV

Profitability

Metric
BAS
LXS
1COV
Return on Assets (Normalized)
 1.18%0.68%−1.59%
Return on Equity (Normalized)
 2.55%1.57%−3.29%
Return on Invested Capital (Normalized)
 2.29%1.72%−1.35%
Return on Assets
BAS
LXS
1COV
See how this stock stacks up to its competitors with Morningstar Investor
Start Free Trial

Chemicals Industry Comparables

Screen in Investor
Ticker
Name
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
SHECF
Shin-Etsu Chemical Co Ltd—Ddhgfn$83.6 Bil
SHECY
Shin-Etsu Chemical Co Ltd DR—Rzpg$81.1 Bil
BFFAF
Basf SE—Mckmwh$48.7 Bil
BASFY
Basf SE ADRQwnffffxVgrnfxf$48.7 Bil
DOW
Dow IncRcdywhsCzhyc$40.0 Bil
CE
Celanese Corp Class AMzqnhrdcYcdwd$17.2 Bil
TYNPF
Nippon Sanso Holdings Corp—Hyfz$12.5 Bil
SHBBF
Syensqo SA—Fbz$9.7 Bil
AHKSF
Asahi Kasei Corp—Jfb$9.6 Bil
AHKSY
Asahi Kasei Corp ADR—Pxzpf$9.5 Bil

Sponsor Center