BASF SE

BATS-CHIXE:BASD Stock Report

Market Cap: €38.2b

BASF Valuation

Is BASD undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of BASD when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: BASD (€42.21) is trading below our estimate of fair value (€128.13)

Significantly Below Fair Value: BASD is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for BASD?

Key metric: As BASD is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for BASD. This is calculated by dividing BASD's market cap by their current earnings.
What is BASD's PE Ratio?
PE Ratio76.9x
Earnings€497.00m
Market Cap€38.21b

Price to Earnings Ratio vs Peers

How does BASD's PE Ratio compare to its peers?

The above table shows the PE ratio for BASD vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average22.8x
ANTO Antofagasta
27.4x18.3%UK£16.5b
RIO Rio Tinto Group
9.4x0.7%UK£83.3b
CRDA Croda International
30.1x15.1%UK£4.9b
JMAT Johnson Matthey
24.2x28.4%UK£2.6b
BASD BASF
76.9x34.2%€38.2b

Price-To-Earnings vs Peers: BASD is expensive based on its Price-To-Earnings Ratio (76.9x) compared to the peer average (22.8x).

Price to Earnings Ratio vs Industry

How does BASD's PE Ratio compare vs other companies in the European Chemicals Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No. of Companies11PE01224364860+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: BASD is expensive based on its Price-To-Earnings Ratio (76.9x) compared to the European Chemicals industry average (17.1x).

Price to Earnings Ratio vs Fair Ratio

What is BASD's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

BASD PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio76.9x
Fair PE Ratio33.1x

Price-To-Earnings vs Fair Ratio: BASD is expensive based on its Price-To-Earnings Ratio (76.9x) compared to the estimated Fair Price-To-Earnings Ratio (33.1x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst BASD forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€42.21
€53.38
+26.5%
9.8%€65.00€47.00n/a21
Nov ’25€45.20
€52.52
+16.2%
11.3%€65.00€43.00n/a21
Oct ’25€47.06
€52.25
+11.0%
13.0%€65.00€42.00n/a20
Sep ’25€45.03
€53.21
+18.2%
13.7%€70.00€42.00n/a19
Aug ’25€42.75
€53.84
+25.9%
13.1%€70.00€42.00n/a19
Jul ’25n/a
€54.74
0%
12.9%€72.00€43.00n/a19
Jun ’25€48.30
€55.74
+15.4%
12.1%€72.00€43.00n/a19
May ’25€49.18
€55.68
+13.2%
12.1%€72.00€43.00n/a19
Apr ’25€53.08
€52.70
-0.7%
13.3%€63.00€41.00n/a20
Mar ’25€47.54
€50.15
+5.5%
13.3%€62.00€39.00n/a20
Feb ’25€44.15
€48.89
+10.8%
13.8%€62.00€39.00n/a19
Jan ’25€48.58
€50.26
+3.5%
12.1%€62.00€39.00n/a19
Dec ’24€42.84
€48.98
+14.3%
13.7%€62.00€39.00n/a21
Nov ’24€43.54
€49.12
+12.8%
13.1%€62.00€37.00€45.2021
Oct ’24€42.87
€50.90
+18.7%
13.4%€64.00€37.00€47.0621
Sep ’24€47.14
€51.32
+8.9%
12.3%€64.00€40.00€45.0321
Aug ’24€49.33
€51.46
+4.3%
12.2%€64.00€40.00€42.7521
Jul ’24€44.30
€53.61
+21.0%
15.1%€75.00€43.00n/a22
Jun ’24€44.76
€54.05
+20.8%
17.0%€75.00€31.03€48.3022
May ’24€46.79
€53.86
+15.1%
16.5%€72.00€31.03€49.1822
Apr ’24€48.03
€53.77
+12.0%
16.0%€68.00€31.03€53.0822
Mar ’24€48.35
€54.14
+12.0%
15.6%€68.00€31.03€47.5422
Feb ’24€52.78
€53.50
+1.4%
15.7%€68.00€31.03€44.1522
Jan ’24€46.64
€53.84
+15.5%
17.2%€72.00€31.03€48.5823
Dec ’23€47.87
€54.06
+12.9%
18.0%€75.00€31.03€42.8423
Nov ’23€45.39
€53.20
+17.2%
17.3%€75.00€31.03€43.5423

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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