BASF SE (BFFAF)
NEUTRALFondamental
53
Prix
$51.68
Capitalisation boursière
$45.09B
Partie 1 · Ce que vaut l'entreprise
Vue d'ensemble
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.
Comment l'entreprise gagne de l'argent
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.
Chiffre d'affaires par segment
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.
Ce qui stimule la demande
CycliqueChemical 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.
Principaux risques
- 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 août 2026
Direct competitors
Who this company fights with for the same customers
No editorial profile for this company yet
No competitor list for this company yet.
Bilan & Liquidités
Chiffre d'affaires
$61.14B
12 derniers mois jusqu'au dernier trimestre publié — estimation à partir de ratios par action
Résultat net
$5.73B
12 derniers mois jusqu'au dernier trimestre publié — estimation à partir de ratios par action
Flux de trésorerie libre
$1.05B
Capitaux propres totaux
$36.06B
Passif total
$26.68B
Ratio de liquidité général
1.85
Couverture des intérêts
-
Dette/EBITDA
4.06
Bénéfice par action
Chiffre d'affaires & Résultat net
Flux de trésorerie libre
Décomposition du résultat
État historique
Marges dans le temps
La dette dans le temps
Le poids de la dette
Grille de la croissance
Croissance — Chiffre d'affaires
Estimation de la juste valeur
Juste valeur
$39.34
Prix actuel
$51.68
Marge de sécurité
-31.4%
Fourchette de juste valeur
$30.21 - $48.48
Méthodes d'estimation
Indicateurs de valorisation
Ratio P/E
7.88
ROE
6.1%
Ratio P/B
1.28
P/FCF
42.74
Marge brute
24.0%
ROIC
4.0%
Radar de rentabilité
Value Creation (Economic Moat)
ROIC
4.0%
WACC
5.1%
ROIC − WACC
-1.0 pp
ROIC is below the cost of capital — the company is destroying value for every dollar invested.
Critères d'analyse fondamentale
Réussi (10)
- P/B Ratio 1.28
- Debt/Equity ratio
- Positive Free Cash Flow
- Current Ratio
- Debt/EBITDA
- Price below Graham Number
- ROE 17.0%
- Analyst Consensus 53% Buy
- Earnings Quality (OCF/NI) 2.92
- Net Margin Trend 2.7% vs 2.0%
Échoué (10)
- Price CAGR -5.31%
- ROIC 4.0%
- Gross Margin 24.0%
- P/FCF 42.74
- Operating Margin 3.7%
- CapEx intensity
- DCF valuation (Overvalued)
- Revenue Growth 5Y 0.2%
- Earnings Surprise avg -25.8%
- Piotroski F-Score 2/9
Indisponible (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)
Score F de Piotroski
Préoccupations financières sérieuses
Qualité des bénéfices
Qualité élevée : bénéfices soutenus par la trésorerie
Dilution du capital
Rachat d'actions. Favorable aux actionnaires
Gouvernance
Équipe dirigeante
| Nom | Titre | Âge |
|---|---|---|
| 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 |
Risque d'audit
2
Risque du conseil
5
Risque de rémunération
1
Risque droits des actionnaires
1
Partie 2 · Le prix et le moment d'entrer
Cette partie ne dit pas si l'entreprise vaut la peine : elle aide à choisir quand l'acheter, une fois que les fondamentaux vous ont convaincu. À l'intérieur : analyse technique, potentiel, baisses historiques, exposition gamma.
Latest News
Recent headlines for BFFAF, sourced from Markets Gazette.