Added to YB: 2024-07-18
Pitch date: 2024-07-17
BAK [bullish]
Braskem S.A.
-57.33%
current return
Author Info
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Company Info
Braskem S.A., together with its subsidiaries, engages in the manufacture, sale, import, and export of chemicals, petrochemicals, and fuels in Brazil.
Market Cap
BRL 7.2B
Pitch Price
BRL 6.82
Price Target
20.00 (+587%)
Dividend
N/A
EV/EBITDA
21.46
P/E
-1.20
EV/Sales
0.81
Sector
Chemicals
Category
turnaround
Show full summary:
What’s the Deal with Braskem? - $BAK
BAK: Brazilian petrochemical giant, $2.8B mkt cap. Cyclical, swings from -$1B to +$2B profit. Potential M&A target (ADNOC, LyondellBassell, CNOOC, PIC attempts). 50.1% controlled by Novonor. 69mo cash runway. $10B long-term USD debt (12yr avg maturity). $0.59/yr avg dividend. $20 PT by 2027 (46% IRR). Risks: USD shortage, Lula policies.
Read full article (6 min)