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BASF

XTRA:BAS
Snowflake Description

Established dividend payer with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BAS
XTRA
€62B
Market Cap
  1. Home
  2. DE
  3. Materials
Company description

BASF SE operates as a chemical company worldwide. The last earnings update was 46 days ago. More info.


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BAS Share Price and Events
7 Day Returns
0.3%
XTRA:BAS
0%
DE Chemicals
-0.3%
DE Market
1 Year Returns
16.1%
XTRA:BAS
10.6%
DE Chemicals
14.9%
DE Market
BAS Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
BASF (BAS) 0.3% -4.5% 6.1% 16.1% -21.1% 1.1%
DE Chemicals 0% -3.7% 6.1% 10.6% -15.4% 3.7%
DE Market -0.3% -0.1% 7.1% 14.9% 9.5% 19.3%
1 Year Return vs Industry and Market
  • BAS outperformed the Chemicals industry which returned 10.6% over the past year.
  • BAS outperformed the Market in Germany which returned 14.9% over the past year.
Price Volatility
BAS
Industry
5yr Volatility vs Market

Value

 Is BASF undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of BASF to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for BASF.

XTRA:BAS Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-09-30) in EUR € 3.3405611267606
Payout Ratio Company Filings (2019-09-30) 5262%
Discount Rate (Cost of Equity) See below 5.5%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for XTRA:BAS
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Chemicals Unlevered Beta Simply Wall St/ S&P Global 0.91
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.907 (1 + (1- 30%) (32.17%))
1.074
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.07
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.074 * 5.44%)
5.45%

Discounted Cash Flow Calculation for XTRA:BAS using Dividend Discount Model Model

The calculations below outline how an intrinsic value for BASF is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

XTRA:BAS Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= €3.34 / (5.45% - -0.39%)
€57.16
XTRA:BAS Discount to Share Price
Calculation Result
Value per share (EUR) From above. €57.16
Current discount Discount to share price of €67.79
= -1 x (€67.79 - €57.16) / €57.16
-18.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of BASF is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for BASF's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are BASF's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
XTRA:BAS PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in EUR €2.66
XTRA:BAS Share Price ** XTRA (2019-12-09) in EUR €67.79
Germany Chemicals Industry PE Ratio Median Figure of 14 Publicly-Listed Chemicals Companies 21.6x
Germany Market PE Ratio Median Figure of 404 Publicly-Listed Companies 20.37x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of BASF.

XTRA:BAS PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= XTRA:BAS Share Price ÷ EPS (both in EUR)

= 67.79 ÷ 2.66

25.5x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • BASF is overvalued based on earnings compared to the DE Chemicals industry average.
  • BASF is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does BASF's expected growth come at a high price?
Raw Data
XTRA:BAS PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 25.5x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 23 Analysts
-23.9%per year
Germany Chemicals Industry PEG Ratio Median Figure of 12 Publicly-Listed Chemicals Companies 1.01x
Germany Market PEG Ratio Median Figure of 261 Publicly-Listed Companies 1.44x

*Line of best fit is calculated by linear regression .

XTRA:BAS PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 25.5x ÷ -23.9%

-1.07x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • BASF earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on BASF's assets?
Raw Data
XTRA:BAS PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in EUR €44.08
XTRA:BAS Share Price * XTRA (2019-12-09) in EUR €67.79
Germany Chemicals Industry PB Ratio Median Figure of 17 Publicly-Listed Chemicals Companies 1.88x
Germany Market PB Ratio Median Figure of 578 Publicly-Listed Companies 1.85x
XTRA:BAS PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= XTRA:BAS Share Price ÷ Book Value per Share (both in EUR)

= 67.79 ÷ 44.08

1.54x

* Primary Listing of BASF.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • BASF is good value based on assets compared to the DE Chemicals industry average.
X
Value checks
We assess BASF's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Chemicals industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Chemicals industry average (and greater than 0)? (1 check)
  5. BASF has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is BASF expected to perform in the next 1 to 3 years based on estimates from 23 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-23.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is BASF expected to grow at an attractive rate?
  • BASF's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of -0.4%.
Growth vs Market Checks
  • BASF's earnings are expected to decrease over the next 1-3 years, this is below the Germany market average.
  • BASF's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
XTRA:BAS Future Growth Rates Data Sources
Data Point Source Value (per year)
XTRA:BAS Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 23 Analysts -23.9%
XTRA:BAS Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 23 Analysts 3%
Germany Chemicals Industry Earnings Growth Rate Market Cap Weighted Average -12%
Germany Chemicals Industry Revenue Growth Rate Market Cap Weighted Average 3.5%
Germany Market Earnings Growth Rate Market Cap Weighted Average 13%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
XTRA:BAS Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 23 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
XTRA:BAS Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 70,020 7,256 4,549 5
2022-12-31 67,869 7,981 4,561 7
2021-12-31 65,758 7,301 3,886 19
2020-12-31 63,973 6,645 3,461 23
2019-12-31 61,943 6,557 9,118 21
2019-12-09
XTRA:BAS Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-09-30 62,152 5,871 2,443
2019-06-30 62,527 6,803 2,497
2019-03-31 63,152 7,081 3,508
2018-12-31 62,675 7,939 3,878
2018-09-30 62,320 7,573 4,988
2018-06-30 61,230 8,438 5,210
2018-03-31 60,066 9,183 5,111
2017-12-31 61,223 8,785 5,318
2017-09-30 60,838 9,474 4,804
2017-06-30 60,335 8,180 4,505
2017-03-31 60,199 7,504 4,378
2016-12-31 57,550 7,717 4,056

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • BASF's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • BASF's revenue is expected to grow by 3% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
XTRA:BAS Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 23 Analyst Estimates (S&P Global) See Below

All data from BASF Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

XTRA:BAS Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 4.96 5.03 4.88 2.00
2022-12-31 4.97 5.47 4.56 3.00
2021-12-31 4.43 4.91 3.58 9.00
2020-12-31 3.89 4.19 3.20 11.00
2019-12-31 9.98 10.19 9.78 10.00
2019-12-09
XTRA:BAS Past Financials Data
Date (Data in EUR Millions) EPS *
2019-09-30 2.66
2019-06-30 2.72
2019-03-31 3.82
2018-12-31 4.22
2018-09-30 5.44
2018-06-30 5.68
2018-03-31 5.56
2017-12-31 5.79
2017-09-30 5.22
2017-06-30 4.90
2017-03-31 4.77
2016-12-31 4.42

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • BASF is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess BASF's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
BASF has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has BASF performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare BASF's growth in the last year to its industry (Chemicals).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • BASF's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • BASF's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • BASF's 1-year earnings growth is negative, it can't be compared to the DE Chemicals industry average.
Earnings and Revenue History
BASF's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from BASF Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

XTRA:BAS Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 62,152.00 2,443.00 10,188.00 2,228.00
2019-06-30 62,527.00 2,497.00 10,232.00 2,197.00
2019-03-31 63,152.00 3,508.00 10,147.00 2,115.00
2018-12-31 62,675.00 3,878.00 9,883.00 2,028.00
2018-09-30 62,320.00 4,988.00 9,845.00 1,896.00
2018-06-30 61,230.00 5,210.00 9,736.00 1,836.00
2018-03-31 60,066.00 5,111.00 9,544.00 1,843.00
2017-12-31 61,223.00 5,318.00 9,613.00 1,843.00
2017-09-30 60,838.00 4,804.00 10,021.00 1,863.00
2017-06-30 60,335.00 4,505.00 9,769.00 1,840.00
2017-03-31 60,199.00 4,378.00 9,813.00 1,832.00
2016-12-31 57,550.00 4,056.00 9,647.00 1,863.00
2016-09-30 56,584.00 3,706.00 9,530.00 1,821.00
2016-06-30 59,995.00 4,027.00 9,512.00 1,882.00
2016-03-31 64,590.00 4,200.00 9,750.00 1,934.00
2015-12-31 70,449.00 3,987.00 9,935.00 1,953.00
2015-09-30 74,616.00 5,066.00 9,463.00 1,938.00
2015-06-30 75,504.00 4,871.00 9,580.00 1,939.00
2015-03-31 74,881.00 4,865.00 9,339.00 1,915.00
2014-12-31 74,326.00 5,155.00 9,101.00 1,884.00
2014-09-30 74,428.00 4,830.00 8,869.00 1,922.00
2014-06-30 73,849.00 4,912.00 8,982.00 1,879.00
2014-03-31 73,747.00 4,810.00 9,018.00 1,863.00
2013-12-31 73,973.00 4,792.00 9,090.00 1,849.00
2013-09-30 73,805.00 4,682.00 9,647.00 1,788.00
2013-06-30 73,544.00 4,511.00 9,667.00 1,791.00
2013-03-31 73,027.00 4,562.00 9,529.00 1,758.00
2012-12-31 72,129.00 4,819.00 9,457.00 1,732.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • BASF has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • BASF used its assets less efficiently than the DE Chemicals industry average last year based on Return on Assets.
  • BASF's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess BASF's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Chemicals industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
BASF has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is BASF's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up BASF's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • BASF is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • BASF's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of BASF's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from BASF Company Filings, last reported 2 months ago.

XTRA:BAS Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 41,376.00 20,032.00 2,228.00
2019-06-30 40,847.00 21,037.00 2,165.00
2019-03-31 37,815.00 21,775.00 2,344.00
2018-12-31 36,109.00 21,303.00 3,424.00
2018-09-30 36,641.00 20,490.00 2,464.00
2018-06-30 35,301.00 20,289.00 7,701.00
2018-03-31 36,387.00 17,791.00 7,309.00
2017-12-31 34,756.00 18,527.00 7,293.00
2017-09-30 33,341.00 16,214.00 3,946.00
2017-06-30 32,442.00 17,447.00 1,878.00
2017-03-31 34,564.00 16,810.00 1,877.00
2016-12-31 32,568.00 16,791.00 2,601.00
2016-09-30 29,737.00 15,797.00 3,501.00
2016-06-30 28,968.00 15,932.00 1,846.00
2016-03-31 30,900.00 16,802.00 4,057.00
2015-12-31 31,545.00 15,793.00 2,925.00
2015-09-30 30,081.00 15,514.00 1,770.00
2015-06-30 30,569.00 17,649.00 2,598.00
2015-03-31 29,977.00 16,104.00 2,337.00
2014-12-31 28,195.00 16,319.00 2,670.00
2014-09-30 27,743.00 15,827.00 2,005.00
2014-06-30 26,869.00 17,001.00 2,376.00
2014-03-31 28,386.00 15,052.00 3,123.00
2013-12-31 27,673.00 15,156.00 2,719.00
2013-09-30 27,045.00 14,656.00 1,678.00
2013-06-30 26,125.00 14,681.00 2,246.00
2013-03-31 27,676.00 13,285.00 2,449.00
2012-12-31 25,621.00 12,798.00 2,616.00
  • BASF's level of debt (48.1%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (56.8% vs 48.1% today).
  • Debt is well covered by operating cash flow (29.5%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 8.4x coverage).
X
Financial health checks
We assess BASF's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. BASF has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is BASF's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
4.72%
Current annual income from BASF dividends. Estimated to be 4.93% next year.
If you bought €2,000 of BASF shares you are expected to receive €94 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • BASF's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.37%).
  • BASF's dividend is above the markets top 25% of dividend payers in Germany (3.57%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
XTRA:BAS Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 23 Analyst Estimates (S&P Global) See Below
Germany Chemicals Industry Average Dividend Yield Market Cap Weighted Average of 14 Stocks 4%
Germany Market Average Dividend Yield Market Cap Weighted Average of 334 Stocks 2.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.7%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

XTRA:BAS Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 3.85 2.00
2022-12-31 3.70 3.00
2021-12-31 3.38 20.00
2020-12-31 3.31 23.00
2019-12-31 3.25 23.00
2019-12-09
XTRA:BAS Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-02-26 3.200 4.966
2018-05-04 3.100 4.246
2017-02-24 3.000 3.422
2016-02-26 2.900 3.899
2015-02-27 2.800 3.721
2014-02-25 2.700 3.495
2013-04-29 2.600 3.551
2012-02-22 2.500 3.872
2011-03-10 2.200 3.912
2010-02-25 1.700 3.469
2009-02-26 1.950 5.906

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of BASF's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.8x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.5x coverage).
X
Income/ dividend checks
We assess BASF's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.7%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can BASF afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. BASF has a total score of 5/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of BASF's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Martin Brudermüller
COMPENSATION €6,382,000
AGE 58
TENURE AS CEO 1.6 years
CEO Bio

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 its CEO since May 4, 2018. Dr. Brudermüller has been the Chief Technology Officer at BASF SE since 2015. He served as Vice Chairman of the Board of Executive Directors at BASF SE since May 6, 2011 until May 4, 2018. Dr. Brudermüller is responsible for Performance Polymers, Polyurethanes, Styrolution, Market & Business Development Asia Pacific, Regional Functions & Country Management Asia Pacific at BASF SE. He served as Deputy Chief Executive Officer of BASF SE. He served as the Head of Ressort VIII at BASF SE. He served as a Member of Board of Managing Directors at Styrolution Group GmbH. He joined BASF Aktiengesellschaft in BASF's ammonia laboratory to work in chemical research in 1988. In 1993, he joined New business development and marketing of Intermediates division and in 1995, delegated to BASF Italia Spa, Milan, Italy, served as a Head of Marketing and Sales Intermediates, pharmaceutical chemicals, in 1999 as a Director of Production fat-soluble vitamins of Fine Chemicals operating division, in 2001 as Senior Vice President of Strategic Planning and in 2003 as President of Functional Polymers. He served as an Executive assistant to the Vice Chairman of the Board of Executive Directors at Ressort Chemicals since 1997. He has been Deputy Chairman of Advisory Board at Styrolution Holsinf GmbH since October 1, 2011. Dr. Brudermüller studied Chemistry at the University of Karlsruhe. Dr. Brudermüller holds doctorate and has spent a postdoc period at the University of California, Berkeley.

CEO Compensation
  • Martin's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
  • Martin's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the BASF management team in years:

2.7
Average Tenure
53
Average Age
  • The tenure for the BASF management team is about average.
Management Team

Martin Brudermüller

TITLE
Chairman of Management Board
COMPENSATION
€6M
AGE
58
TENURE
1.6 yrs

Hans-Ulrich Engel

TITLE
CFO & Vice Chairman of Board of Executive Directors
COMPENSATION
€4M
AGE
60
TENURE
1.6 yrs

Michael Heinz

TITLE
Member of the Board of Executive Directors
COMPENSATION
€4M
AGE
55
TENURE
8.6 yrs

Wayne Smith

TITLE
Member of Board of Executive Directors
COMPENSATION
€4M
AGE
59
TENURE
7.7 yrs

Saori Dubourg

TITLE
Member of the Board of Executive Directors
COMPENSATION
€4M
AGE
48
TENURE
2.6 yrs

Sanjeev Gandhi

TITLE
Member of Board of Executive Directors
COMPENSATION
€5M
AGE
53
TENURE
5 yrs

Markus Kamieth

TITLE
Member of the Board of Executive Directors
COMPENSATION
€4M
AGE
49
TENURE
2.6 yrs

Beck Beckmann

TITLE
Senior VP of Global Process/Enterprise Architecture & Region Europe and Chief Information Officer
TENURE
2 yrs

Stefanie Wettberg

TITLE
Senior Vice President of Investor Relations
AGE
46
TENURE
3.6 yrs

Juliana Ernst

TITLE
Head of Media Relations
AGE
48
TENURE
2.8 yrs
Board of Directors Tenure

Average tenure and age of the BASF board of directors in years:

9
Average Tenure
62
Average Age
  • The tenure for the BASF board of directors is about average.
Board of Directors

Jürgen Hambrecht

TITLE
Chairman of the Supervisory Board
COMPENSATION
€550K
AGE
73

Sinischa Horvat

TITLE
Vice Chairman of the Supervisory Board
COMPENSATION
€325K
AGE
43
TENURE
2.6 yrs

Jürgen Strube

TITLE
Honorary Chairman of the Supervisory Board
AGE
79
TENURE
10.6 yrs

Ken Lane

TITLE
President of Global Catalysts Division
TENURE
6.5 yrs

Alison Carnwath

TITLE
Member of the Supervisory Board
COMPENSATION
€313K
AGE
66
TENURE
5.6 yrs

Michael Vassiliadis

TITLE
Member of the Supervisory Board
COMPENSATION
€275K
AGE
55
TENURE
15.3 yrs

Denise Schellemans

TITLE
Member of the Supervisory Board
COMPENSATION
€200K
AGE
58
TENURE
11.9 yrs

Franz Fehrenbach

TITLE
Member of the Supervisory Board
COMPENSATION
€250K
AGE
70
TENURE
11.9 yrs

Anke Schäferkordt

TITLE
Member of the Supervisory Board
COMPENSATION
€200K
AGE
57
TENURE
9 yrs

Waldemar Helber

TITLE
Member of the Supervisory Board
COMPENSATION
€208K
AGE
62
TENURE
3.7 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess BASF's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. BASF has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

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.

Details
Name: BASF SE
BAS
Exchange: XTRA
Founded: 1865
€62,263,670,666
918,478,694
Website: http://www.basf.com
Address: BASF SE
Carl-Bosch-Strasse 38,
Ludwigshafen am Rhein,
Rhineland-Palatinate, 67056,
Germany
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
XTRA BAS Ordinary Shares XETRA Trading Platform DE EUR 06. Jan 1975
OTCPK BFFA.F Ordinary Shares Pink Sheets LLC US USD 06. Jan 1975
DB BAS Ordinary Shares Deutsche Boerse AG DE EUR 06. Jan 1975
LSE 0BFA Ordinary Shares London Stock Exchange GB EUR 06. Jan 1975
SWX BAS Ordinary Shares SIX Swiss Exchange CH CHF 06. Jan 1975
BIT BASF Ordinary Shares Borsa Italiana IT EUR 06. Jan 1975
WBAG BAS Ordinary Shares Wiener Boerse AG AT EUR 06. Jan 1975
BUSE BASF Ordinary Shares Budapest Stock Exchange HU HUF 06. Jan 1975
BMV BAS N Ordinary Shares Bolsa Mexicana de Valores MX MXN 06. Jan 1975
BATS-CHIXE BASD Ordinary Shares BATS 'Chi-X Europe' GB EUR 06. Jan 1975
OTCPK BASF.Y SPON ADR EACH REP 0.25 ORD SHS Pink Sheets LLC US USD 24. Jun 1988
DB BASA SPON ADR EACH REP 0.25 ORD SHS Deutsche Boerse AG DE EUR 24. Jun 1988
XTRA BASA SPON ADR EACH REP 0.25 ORD SHS XETRA Trading Platform DE EUR 24. Jun 1988
Number of employees
Current staff
Staff numbers
118,648
BASF employees.
Industry
Diversified Chemicals
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/12/09 20:57
End of day share price update: 2019/12/09 00:00
Last estimates confirmation: 2019/12/05
Last earnings filing: 2019/10/24
Last earnings reported: 2019/09/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.