Executive Summary
BASF SE operates as a chemical company worldwide.
Rewards
Risk Analysis
Earnings are forecast to decline by an average of -26.7% per year for the next 3 years
Snowflake Analysis
Established dividend payer with adequate balance sheet.
Similar Companies
Share Price & News
How has BASF's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: BAS has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-4.3%
BAS
-2.4%
DE Chemicals
0.2%
DE Market
1 Year Return
-7.9%
BAS
-4.4%
DE Chemicals
14.4%
DE Market
Return vs Industry: BAS underperformed the German Chemicals industry which returned -4.3% over the past year.
Return vs Market: BAS underperformed the German Market which returned 14.1% over the past year.
Shareholder returns
| BAS | Industry | Market | |
|---|---|---|---|
| 7 Day | -4.3% | -2.4% | 0.2% |
| 30 Day | -5.9% | -2.2% | 0.9% |
| 90 Day | -12.0% | -5.4% | 4.6% |
| 1 Year | -3.6%-7.9% | -0.7%-4.4% | 17.9%14.4% |
| 3 Year | -23.8%-32.1% | -16.8%-24.7% | 15.7%5.6% |
| 5 Year | -13.4%-28.2% | -3.0%-17.8% | 23.4%6.5% |
Price Volatility Vs. Market
How volatile is BASF's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Valuation
Is BASF undervalued compared to its fair value and its price relative to the market?
22.98x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: BAS (€61.1) is trading above our estimate of fair value (€57.76)
Significantly Below Fair Value: BAS is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: BAS is poor value based on its PE Ratio (23x) compared to the Chemicals industry average (21.5x).
PE vs Market: BAS is poor value based on its PE Ratio (23x) compared to the German market (20.9x).
Price to Earnings Growth Ratio
PEG Ratio: BAS's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: BAS is good value based on its PB Ratio (1.4x) compared to the DE Chemicals industry average (1.7x).
Next Steps
Future Growth
How is BASF forecast to perform in the next 1 to 3 years based on estimates from 23 analysts?
-26.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BAS's earnings are forecast to decline over the next 3 years (-26.7% per year).
Earnings vs Market: BAS's earnings are forecast to decline over the next 3 years (-26.7% per year).
High Growth Earnings: BAS's earnings are forecast to decline over the next 3 years.
Revenue vs Market: BAS's revenue (3.2% per year) is forecast to grow slower than the German market (5% per year).
High Growth Revenue: BAS's revenue (3.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: BAS's Return on Equity is forecast to be low in 3 years time (10.4%).
Next Steps
Past Performance
How has BASF performed over the past 5 years?
-5.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BAS has high quality earnings.
Growing Profit Margin: BAS's current net profit margins (3.9%) are lower than last year (8%).
Past Earnings Growth Analysis
Earnings Trend: BAS's earnings have declined by -5.9% per year over the past 5 years.
Accelerating Growth: BAS's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: BAS had negative earnings growth (-51%) over the past year, making it difficult to compare to the Chemicals industry average (-10.8%).
Return on Equity
High ROE: BAS's Return on Equity (6.2%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is BASF's financial position?
Financial Position Analysis
Short Term Liabilities: BAS's short term assets (€30.0B) exceed its short term liabilities (€16.8B).
Long Term Liabilities: BAS's short term assets (€30.0B) do not cover its long term liabilities (€31.4B).
Debt to Equity History and Analysis
Debt Level: BAS's debt to equity ratio (48.1%) is considered high.
Reducing Debt: BAS's debt to equity ratio has reduced from 56.8% to 48.1% over the past 5 years.
Debt Coverage: BAS's debt is well covered by operating cash flow (29.5%).
Interest Coverage: BAS's interest payments on its debt are well covered by EBIT (8.4x coverage).
Balance Sheet
Inventory Level: BAS has a high level of physical assets or inventory.
Debt Coverage by Assets: BAS's debt is covered by short term assets (assets are 1.5x debt).
Next Steps
Dividend
What is BASF's current dividend yield, its reliability and sustainability?
5.24%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: BAS's dividend (5.24%) is higher than the bottom 25% of dividend payers in the German market (1.31%).
High Dividend: BAS's dividend (5.24%) is in the top 25% of dividend payers in the German market (3.57%)
Stability and Growth of Payments
Stable Dividend: BAS's dividends per share have been stable in the past 10 years.
Growing Dividend: BAS's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (120.3%), BAS's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: BAS's dividends in 3 years are forecast to be covered by earnings (71.3% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.8yrs
Average management tenure
CEO
Martin Brudermüller (58yo)
1.8yrs
Tenure
€6,382,000
Compensation
Dr. Martin Brudermüller has been the Chairman of the Board of Executive Directors at BASF SE since May 6, 2011 and has been its Member of The Board of Executive Directors since January 1, 2006 and has been ...
CEO Compensation Analysis
Compensation vs Market: Martin's total compensation ($USD6.89M) is above average for companies of similar size in the German market ($USD4.36M).
Compensation vs Earnings: Martin's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman of Management Board | 1.8yrs | €6.38m | no data | |
| CFO & Vice Chairman of Board of Executive Directors | 1.8yrs | €4.32m | no data | |
| Member of the Board of Executive Directors | 8.8yrs | €3.76m | no data | |
| Member of Board of Executive Directors | 7.8yrs | €4.16m | no data | |
| Member of the Board of Executive Directors | 2.8yrs | €3.82m | no data | |
| Member of the Board of Executive Directors | 2.8yrs | €3.96m | no data | |
| Senior VP of Global Process/Enterprise Architecture & Region Europe and Chief Information Officer | 2.2yrs | no data | no data | |
| Senior Vice President of Investor Relations | 3.8yrs | no data | no data | |
| Head of Media Relations | 2.9yrs | no data | no data | |
| President of Human Resources | 3.9yrs | no data | no data |
2.8yrs
Average Tenure
50yo
Average Age
Experienced Management: BAS's management team is considered experienced (2.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President of Global Catalysts Division | 6.7yrs | no data | no data | |
| Honorary Chairman of the Supervisory Board | 10.8yrs | no data | no data | |
| Chairman of the Supervisory Board | 0yrs | €550.00k | no data | |
| Member of the Supervisory Board | 5.8yrs | €312.50k | no data | |
| Member of the Supervisory Board | 12.1yrs | €250.00k | no data | |
| Member of the Supervisory Board | 15.5yrs | €275.00k | no data | |
| Member of the Supervisory Board | 9.2yrs | €200.00k | no data | |
| Member of the Supervisory Board | 12.1yrs | €200.00k | no data | |
| Member of the Supervisory Board | 3.8yrs | €208.30k | no data | |
| Vice Chairman of the Supervisory Board | 2.8yrs | €325.00k | no data |
9.2yrs
Average Tenure
62yo
Average Age
Experienced Board: BAS's board of directors are considered experienced (9.2 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
BASF SE's company bio, employee growth, exchange listings and data sources
Key Information
- Name: BASF SE
- Ticker: BAS
- Exchange: XTRA
- Founded: 1865
- Industry: Diversified Chemicals
- Sector: Materials
- Market Cap: €56.119b
- Shares outstanding: 918.48m
- Website: https://www.basf.com
Number of Employees
Location
- BASF SE
- Carl-Bosch-Strasse 38
- Ludwigshafen am Rhein
- Rhineland-Palatinate
- 67056
- Germany
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| BFFA.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Jan 1975 |
| 0BFA | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | EUR | Jan 1975 |
| BAS | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Jan 1975 |
| BAS | SWX (SIX Swiss Exchange) | Yes | Ordinary Shares | CH | CHF | Jan 1975 |
| BAS | XTRA (XETRA Trading Platform) | Yes | Ordinary Shares | DE | EUR | Jan 1975 |
| BASF | BIT (Borsa Italiana) | Yes | Ordinary Shares | IT | EUR | Jan 1975 |
| BASF | BUSE (Budapest Stock Exchange) | Yes | Ordinary Shares | HU | HUF | Jan 1975 |
| BASD | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Shares | GB | EUR | Jan 1975 |
| BAS N | BMV (Bolsa Mexicana de Valores) | Yes | Ordinary Shares | MX | MXN | Jan 1975 |
| BAS | WBAG (Wiener Boerse AG) | Yes | Ordinary Shares | AT | EUR | Jan 1975 |
| BASF.Y | OTCPK (Pink Sheets LLC) | SPONSORED ADR | US | USD | Jun 1988 | |
| BASA | DB (Deutsche Boerse AG) | SPONSORED ADR | DE | EUR | Jun 1988 | |
| BASA | XTRA (XETRA Trading Platform) | SPONSORED ADR | DE | EUR | Jun 1988 |
Biography
BASF SE operates as a chemical company worldwide. It operates through six segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care, and Agricultural Solutions. The Chemicals segment provides petrochemicals and intermediates. The Materials segment offers advanced materials and their precursors for applications and systems, such as isocyanates and polyamides, as well as inorganic basic products and specialties for plastic and plastic processing industries. The Industrial Solutions segment develops and markets ingredients and additives for industrial applications, such as polymer dispersions, pigments, resins, electronic materials, antioxidants, and admixtures. The Surface Technologies segment offers chemical solutions, which include coatings, rust protection products, catalysts, and battery materials for the automotive and chemical industries. The Nutrition & Care segment provides nutrition and care ingredients for food and feed producers, as well as pharmaceutical, cosmetics, detergent, and cleaner industries. The Agricultural Solutions segment offers crop protection products and seeds, such as fungicides, herbicides, insecticides, and biological crop production products, as well as seed treatment products. The company has a strategic collaboration agreement with Midea Group Co Ltd; strategic partnership with Aspen Aerogels, Inc.; and collaboration agreement with ExxonMobil. BASF SE was founded in 1865 and is headquartered in Ludwigshafen am Rhein, Germany.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/19 21:22 |
| End of Day Share Price | 2020/02/19 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.