Professional
Added to YB: 2024-11-11
Pitch date: 2024-10-30
BASFY [bullish]
BASF SE
+12.9%
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
EUR 38.4B
Pitch Price
EUR 11.67
Price Target
16.00 (+21%)
Dividend
5.23%
EV/EBITDA
9.57
P/E
99.38
EV/Sales
0.96
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.
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