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Basf SE BAS

Morningstar Rating
€50.53 −1.22 (2.36%)
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Company Report

BASF Well Positioned to Take Advantage of Recovery Across End-Markets

BASF is the world’s largest chemical company, producing commodity and specialty chemicals in nearly every major chemical category. The firm maintains a top-three market position in over two thirds of its businesses. The company’s products are sold to a wide variety of end markets ranging from industrials to transportation to pharmaceuticals to agriculture. The catalysts business generated around 17% of companywide revenue in 2023, while agriculture generated roughly 15%. The remaining 11 business lines accounted for roughly 10% or less.

Price vs Fair Value

BAS is trading at a 17% discount.
Price
€51.75
Fair Value
€45.00
Uncertainty
Medium
1-Star Price
€31.80
5-Star Price
€81.40
Economic Moat
Cpdgpm
Capital Allocation
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Bulls Say, Bears Say

Bulls

BASF’s Verbund concept drives strong returns through operational optimization that minimizes production costs even 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.

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News

Trading Information

Previous Close Price
€51.75
Day Range
€50.2951.06
52-Week Range
€40.2554.93
Bid/Ask
€50.30 / €0.00
Market Cap
€45.10 Bil
Volume/Avg
3.4 Mil / 2.4 Mil

Key Statistics

Price/Earnings (Normalized)
21.20
Price/Sales
0.67
Dividend Yield (Trailing)
6.30%
Dividend Yield (Forward)
6.30%
Total Yield
6.72%

Company Profile

Founded in 1865 and based in Germany, BASF is the world’s largest chemical company, with products spanning the full spectrum of commodities to specialties. 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
111,991

Comparables

Valuation

Metric
BAS
LXS
1COV
Price/Earnings (Normalized)
21.2066.67
Price/Book Value
1.310.421.47
Price/Sales
0.670.320.68
Price/Cash Flow
8.267.2919.69
Price/Earnings
BAS
LXS
1COV

Financial Strength

Metric
BAS
LXS
1COV
Quick Ratio
1.061.171.04
Current Ratio
1.982.671.79
Interest Coverage
1.97−2.361.02
Quick Ratio
BAS
LXS
1COV

Profitability

Metric
BAS
LXS
1COV
Return on Assets (Normalized)
3.00%0.68%−1.59%
Return on Equity (Normalized)
6.46%1.57%−3.29%
Return on Invested Capital (Normalized)
4.68%1.72%−1.35%
Return on Assets
BAS
LXS
1COV
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Name
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
SHECY
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SHECF
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BFFAF
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BASFY
Basf SE ADRKbjsrkrrpDjqdvxn$49.2 Bil
DOW
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CE
Celanese Corp Class AVgffwsvhyKdkzlk$17.4 Bil
TYNPF
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PECGF
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AHKSY
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SHBBF
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