BASF SE (BASFY)
OTHER OTC:BASFY
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BASF SE
(OTC:BASFY)
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Rating:59Neutral
Price Target:
$16.50
▲(32.42% Upside)
Action:ReiteratedDate:03/02/26
The score is driven primarily by only moderate financial strength: profitability has recovered and cash flow is positive, but declining revenue and weak free-cash-flow conversion limit the upside. Technicals are moderately supportive (price above key longer-term averages with mild MACD strength), while valuation is mixed—strong dividend yield but a high P/E. The latest earnings call adds a balanced but cautious outlook, with disciplined CapEx and cost actions offset by near-term margin, FX, and demand pressures.
Positive Factors
Integrated production (Verbund)
BASF's Verbund integration is a durable competitive advantage: shared feedstocks, utilities and logistics lower unit costs, improve asset utilization and provide feedstock flexibility. Over a 2–6 month horizon this structural efficiency supports margins and resilience through feedstock or supply disruptions.
Negative Factors
Declining revenue and thin margins
Sustained top-line contraction and modest margins indicate limited pricing power and exposure to weak industrial demand. Over months this reduces earnings leverage and vulnerability to cost pressures or FX hits, constraining the firm's ability to rebuild margins without durable demand recovery or structural portfolio change.
Read all positive and negative factors
Positive Factors
Negative Factors
Integrated production (Verbund)
BASF's Verbund integration is a durable competitive advantage: shared feedstocks, utilities and logistics lower unit costs, improve asset utilization and provide feedstock flexibility. Over a 2–6 month horizon this structural efficiency supports margins and resilience through feedstock or supply disruptions.
Read all positive factors
BASF SE (BASFY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$57.51B
Dividend Yield4.91%
Average Volume (3M)181.09K
Price to Earnings (P/E)25.3
Beta (1Y)0.75
Revenue Growth-1.26%
EPS Growth-45.61%
CountryUS
Employees111,408
SectorBasic Materials
Sector Strength58
IndustryChemicals
Share Statistics
EPS (TTM)-0.10
Shares Outstanding3,570,088,600
10 Day Avg. Volume190,285
30 Day Avg. Volume181,086
Financial Highlights & Ratios
PEG Ratio1.27
Price to Book (P/B)1.19
Price to Sales (P/S)0.69
P/FCF Ratio30.50
Enterprise Value/Market Cap1.19
Enterprise Value/Revenue1.12
Enterprise Value/Gross Profit4.49
Enterprise Value/Ebitda11.37
Forecast
1Y Price Target
$14.00Price Target Upside12.36% Upside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)0.72
Revenue Forecast (FY)$71.62B
BASF SE Business Overview & Revenue Model
Company Description
BASF SE operates as a chemical company worldwide. The company operates through six segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care, and Agricultural Solutions. The Chemicals segment provides petrochemic...
How the Company Makes Money
BASF makes money primarily by producing and selling chemicals and related products to industrial and consumer-facing customers worldwide, generating revenue across its major operating segments. (1) Chemicals: Revenue comes from sales of petrochemi...
BASF SE Earnings Call Summary
Earnings Call Date:Feb 27, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Apr 30, 2026
Earnings Call Sentiment Neutral
The call presented a balanced picture: strong strategic and operational milestones (Zhanjiang start‑up, Ag Solutions progress and margin, MDI expansion, portfolio realizations, cash‑flow and cost‑savings progress) contrast with meaningful near‑term financial headwinds (declining EBITDA, pricing pressure, currency impacts, China overcapacity and one‑time restructuring costs). Management emphasizes discipline on capex, costs and portfolio actions to navigate a challenging 2026 that is expected to be transitional.Positive Updates
Successful Zhanjiang-Verbund Site Start‑Up
All 32 key production lines at the Zhanjiang site were started on time and below budget; steam cracker started without lost time and is flexible on feedstock. Management expects a slightly negative earnings contribution in the first year of operation but positive earnings contribution from 2027.
Negative Updates
Decline in EBITDA and Margin Pressure
Group EBITDA before special items for full year 2025 was EUR 6.6 billion, down versus prior year. Q4 EBITDA before special items fell to EUR 1.0 billion from EUR 1.4 billion in the prior‑year quarter (≈‑28.6%), driven by lower margins and weak market demand—notably in the Chemicals segment.
Read all updates
Q4-2025 Updates
Positive
Negative
Successful Zhanjiang-Verbund Site Start‑Up
All 32 key production lines at the Zhanjiang site were started on time and below budget; steam cracker started without lost time and is flexible on feedstock. Management expects a slightly negative earnings contribution in the first year of operation but positive earnings contribution from 2027.
Read all positive updates
Company Guidance
BASF guided that for 2026 it expects EBITDA before special items of EUR 6.2–7.0 billion, free cash flow of EUR 1.5–2.3 billion and payments for property, plant & equipment and intangibles of about EUR 3.4 billion, based on assumptions of Brent at USD 65/barrel and an exchange rate of $1.20/€, while Q1 2026 FX headwinds could cut EBITDA by up to ~EUR 200 million. Management reiterated a 2026–2029 CapEx envelope of EUR 13 billion (20% below last year’s four‑year forecast), with 2026 CapEx of EUR 3.3 billion (vs. EUR 4.0 billion in 2025) and only ~EUR 600 million more for Zhanjiang after EUR 1.6 billion in 2025. Cost measures were accelerated to an annual run‑rate of ~EUR 1.7 billion by end‑2025, with 2025 one‑offs of EUR 700 million (up ~EUR 300 million), 2026 one‑offs trimmed to EUR 300 million, a revised end‑2026 savings target of EUR 2.3 billion (cumulative one‑offs ~EUR 1.9 billion). Other reported metrics: FY‑2025 EBITDA before special items EUR 6.6 billion (Q4: EUR 1.0bn vs EUR 1.4bn prior year; Q4 FX ≈EUR 110m; FY FX ≈EUR 235m), net income EUR 1.6 billion (+25%), free cash flow EUR 1.3 billion, cash flow from operations EUR 5.6 billion (vs EUR 6.9bn), net debt EUR 18.3 billion, total assets EUR 76.2 billion, equity ratio 45.1%; dividend proposal EUR 2.25/share (yield ~5.1%) and buybacks ~EUR 355 million YTD; strategic milestones include Zhanjiang’s 32‑line start‑up (slightly negative year‑1, positive from 2027), MDI Geismar USD 1 billion expansion to ~600,000 tpa (start Q3 2026), Agricultural Solutions EBITDA margin ~22% with IPO readiness targeted for 2027, and Coatings enterprise value ~EUR 8.7 billion (Carlyle close targeted Q2).BASF SE Financial Statement Overview
Summary
Income Statement
54
Neutral
Balance Sheet
63
Positive
Cash Flow
58
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 57.30B | 65.26B | 68.90B | 87.33B | 78.60B |
| Gross Profit | 13.68B | 17.09B | 16.70B | 21.07B | 19.80B |
| EBITDA | 6.01B | 7.77B | 7.33B | 10.22B | 10.84B |
| Net Income | 1.56B | 1.30B | 225.00M | -391.00M | 5.52B |
Balance Sheet | |||||
| Total Assets | 77.99B | 80.42B | 79.93B | 84.47B | 87.38B |
| Cash, Cash Equivalents and Short-Term Investments | 2.76B | 2.98B | 2.68B | 2.75B | 2.83B |
| Total Debt | 24.41B | 24.00B | 21.35B | 20.95B | 19.14B |
| Total Liabilities | 43.67B | 43.53B | 43.28B | 43.55B | 45.30B |
| Stockholders Equity | 33.18B | 35.60B | 35.28B | 36.60B | 40.79B |
Cash Flow | |||||
| Free Cash Flow | 1.29B | 748.00M | 2.72B | 3.33B | 3.71B |
| Operating Cash Flow | 5.39B | 6.95B | 8.11B | 7.71B | 7.25B |
| Investing Cash Flow | -3.08B | -5.08B | -4.99B | -3.78B | -2.62B |
| Financing Cash Flow | -2.32B | -1.55B | -2.90B | -4.01B | -6.46B |
BASF SE Technical Analysis
Positive
12.46
Price Trends
14.43
Positive
13.71
Positive
13.22
Positive
Market Momentum
0.50
Negative
65.34
Neutral
91.10
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BASFY, the sentiment is Positive. The current price of 12.46 is below the 20-day moving average (MA) of 14.78, below the 50-day MA of 14.43, and below the 200-day MA of 13.22, indicating a bullish trend. The MACD of 0.50 indicates Negative momentum. The RSI at 65.34 is Neutral, neither overbought nor oversold. The STOCH value of 91.10 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for BASFY.
BASF SE Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
60 Neutral | $2.44B | -6.29 | -10.06% | 8.44% | -3.46% | -191.77% | |
59 Neutral | $57.51B | 25.30 | 4.82% | 4.91% | -1.26% | -45.61% | |
58 Neutral | $7.64B | 60.97 | -25.13% | 0.29% | -7.34% | -382.79% | |
54 Neutral | $28.86B | -6.34 | -15.53% | 9.17% | -5.25% | -208.14% | |
53 Neutral | $1.52B | -1.41 | -29.85% | 8.27% | -7.81% | -334.15% | |
43 Neutral | $1.43B | -0.66 | 142.56% | ― | -10.68% | 36.31% |
* Basic Materials Sector Average
BASFY
BASF SE
15.82
4.42
38.81%
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TROX
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DOW
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Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.