Professional
Added to YB: 2024-11-11
Pitch date: 2024-10-30
BASFY [bullish]
BASF SE
+34.46%
current return
Author Info
No bio for this author
Company Info
BASF SE operates as a chemical company worldwide. It operates through six segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care, and Agricultural Solutions.
Market Cap
N/A
Pitch Price
EUR 11.33
Price Target
16.00 (+5%)
Dividend
4.30%
EV/EBITDA
9.41
P/E
N/A
EV/Sales
1.14
Sector
Chemicals
Category
value
BASF SE: Volume Growth Supports Our Recovery Thesis
BASFY: Q3 EBITDA +5% YoY on higher volumes. 2024 guidance below consensus. FV €60/$16, 25% upside. Catalysts: normalizing volumes driving revenue/profit growth. Risks: high operating leverage, raw material costs. Narrow moat from Verbund process. Divestiture plans for surface tech & ag solutions. China expansion ongoing.
Read full article (10 min)